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<p>[QUOTE=&quot;Bluesboy65, post: 812567, member: 23329&quot;]Of course the US can default. As we go down this path of borrowing our way to prosperity the first thing that will happen will be consistently failed treasury auctions. Then as foriegn governments turn away from lending to us, our govt will have to print, print, print in order to make our interest payments and fund domestic programs, defense etc. The printing will be the last gasp of the dollar as it is devalued to nothing and then game over for our currency. At this point I don&#039;t think it is possible for a pain free way out of the corner we have painted ourselves in to. It will only be relatively less painful than if we keep going down the path we are going. But with planned Trillion + deficits piling up this year and for as far as the eye can see, we&#039;re not choosing a path of fiscal conservatism.[/QUOTE]</p><p><br /></p>

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