What's even worse, future US Treasury debt purchased by foreign nations (China) will NOT be denominated in US dollars, but in the foreign currency. Thus the US Government cannot even inflate the dollar to worthlessness and cheat the foreign lender.
The US will go bankrupt and demise by foreclosure
2 posted on 10/18/2009 8:55:48 AM PDT by Navy Patriot
(Sarah and the Conservatives will rock your world.)