A Usenet persona calling itself Michael Daly wrote:

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.

You didn't answer the question.



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?

No, like luxury goods. Oil we'll get one way or another.

--
Regards,
Scott Weiser

"I love the Internet, I no longer have to depend on
friends, family and co-workers, I can annoy people WORLDWIDE!" TM

© 2005 Scott Weiser