On 15-Feb-2005, Scott Weiser wrote:

Since you live on debt, you'll be broke

Don't be silly. Who gets shafted in a bankruptcy?

Yours is a country that can't survive, so it seems, without
debt. If you default or go bankrupt, you can't borrow except
at very high costs. Your dollar will also trash, making imports,
which you thrive on, too expensive.

The vast majority of those imports are luxury goods, not necessities or
staples. We can get along without them just fine.

You mean like oil?

Mike