Quote:
Originally Posted by Azure
Didn't some high ranking Fed official say they could just print more money to pay their debts?
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Allen Greenspan said it. He basically was saying why America wouldn't/couldn't default:
http://en.mercopress.com/2011/08/10/...o-pay-any-debt
It was announced today that Obama has borrowed 1.1 trillion this year as of the end of July. One has to wonder with no TARP or stimulus bill this year where all the money went. The debt is for the last ten months beginning last October:
http://news.xinhuanet.com/english201..._131041614.htm