"thunder" wrote in message
...
On Tue, 29 Nov 2005 20:58:55 +0000, NOYB wrote:


If you're holding a lot of US paper, it might not be.

So then Bush has found a way to destabilize the Chinese government!

You may have something there, perhaps. Not only would defaulting on our
bonds give the Chinese problems, but a default would chase all foreign
investors away. The end result would be that our Congress would finally
have to address our deficit and start living within their means. Seems
like a rather harsh way to get them to do their job, though.

Inflation is also a valuable tool for helping folks like me who are laden
with debt (at a low, fixed interest rate of course).


It sucks for people with a lot of savings though.