[TheRealThing]

I thought you were a businessman to go along with being an educator extraordinare, and a hot shot inventor?


And then you go and ask a question like that.:eyeroll:

Unbelievable, our credit is rated by agencies outside of government, Moody's, S&P, etc. By their reckoning, our credit rating is down twice since Obama took office. Other countries lend us money, to make up the 42 cent shortfall we currently lack for each and every dollar we spend (we have to borrow .42 cents of every dollar our govenment spends from other countries). They aren't stupid, they know if our debt is greater than our total worth, and that we are therefore in a state of insolvency. Hence, at some point soon, they will not be willing to risk loaning us more money, because they will be afraid we will stiff them for it.

Unfortunately, taxpayers like you and other keynesian kooks, believe the economic baloney Obama et-al feeds them, and think that all we have to do is print more money. Look at it like this. You can write checks all you want, but, if you write 16 trillion dollars worth of checks but, all you have is 9 trillion in cash to back them up, you overdraw. Savvy?