How long until US default?

[alarmclock]

After discovering piggington & then going down the rabbit hole into other related sites, I came to believe that the US will default on its debt during my working lifetime (in my 30s now). I then established a 15 year plan that would, to the best of my ability, allow me to be as lightly affected as I could expect when this eventually happens. I am 2 years into this plan.

On the one hand, debt as a pct of GDP is large but not excessive by either international standards or by historical standards. However, the blogosphere is so riled up right now I am somewhat concerned that I have substantially less time than I first thought.

Allay my fears, piggs! (in b4 not your personal army)

[Eugene]

US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press. Famous examples of mega-default (Russia 1998, Argentina 2001) all involve countries issuing debt in currencies other than their own.

[Eugene]

US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press. Famous examples of mega-default (Russia 1998, Argentina 2001) all involve countries issuing debt in currencies other than their own.

[Eugene]

US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press. Famous examples of mega-default (Russia 1998, Argentina 2001) all involve countries issuing debt in currencies other than their own.

[Eugene]

US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press. Famous examples of mega-default (Russia 1998, Argentina 2001) all involve countries issuing debt in currencies other than their own.

[Eugene]

US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press. Famous examples of mega-default (Russia 1998, Argentina 2001) all involve countries issuing debt in currencies other than their own.

[Omega Point]

[quote]US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.[/quote]

Yes, but whether we default or run the printing presses, isn’t the end result the same?

[Omega Point]

[quote]US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.[/quote]

Yes, but whether we default or run the printing presses, isn’t the end result the same?

[Omega Point]

[quote]US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.[/quote]

Yes, but whether we default or run the printing presses, isn’t the end result the same?

[Omega Point]

[quote]US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.[/quote]

Yes, but whether we default or run the printing presses, isn’t the end result the same?

[Omega Point]

[quote]US cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.[/quote]

Yes, but whether we default or run the printing presses, isn’t the end result the same?

[Eugene]

No, it’s not the same.

[Eugene]

No, it’s not the same.

[Eugene]

No, it’s not the same.

[Eugene]

No, it’s not the same.

[Author]

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