"Bankrupt" U.S.

[freeatlast]

The U.S. government deserves the downgrade Standard and Poor's slapped on its ratings, because the country has run up so many debts it will never get out of the hole, say famed commodities investor Jim Rogers....
http://www.moneynews.com/StreetTalk...d/2011/08/08/id/406493?s=al&promo_code=CCB1-1

 

[billwald]

>bank·rupt/ˈbaNGkˌrəpt/
>Adjective: (of a person or organization) Declared in law unable to pay outstanding debts: "the company was declared bankrupt".
Noun: A person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of creditors. More »
Wikipedia - Dictionary.com - Answers.com - Merriam-Webster

A country that controls its own money supply can't be bankrupt.

 

[exscentric]

Two "experts" on the Sunday morning show said that we would never default - we would just print more money.

Logic has left the building :-(

 

[NaasPreacher (C4K)]

Two "experts" on the Sunday morning show said that we would never default - we would just print more money.

Logic has left the building :-(

If this is the standard for logic leaving the building it has been out of town for decades.

 

[freeatlast]

There is no question that we have a group of leaders who have lost all perspective of truth and wisdom to lead consequently we are suffering and will suffer greatly. It is my opinion that we will not only lose our standing in the world as a military power, but we will lose our way of life which will include our freedoms becoming a military government and I think it all falls back on the church for departing from the Lord.