Reply #24: They do indeed

[Yupster]

They pay my $ 10,000 bond off today by selling you an $ 11,000 bond today.

And you think that's just dandy I guess.

And when all the sudden they need to pay off hundreds of billions more they'll just go out and borrow hundreds of billions more and that can just go on forever.

Nope, not going to happen.

Much simpler for congress to just cancel the debt by creative accounting.

The looted surplus will never be repaid. It has not existed for a long time.

Doesn't matter if you believe me. The GAO accountants don't care what either of us say. They're there to find the least politically painful way out of this mess, and that sure isn't bankrupting the country trying to sell trillions of diollars of bonds that they couldn't even service the interest on.