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re: Yellen: US on track to default on national debt in October

Posted on 9/8/21 at 11:30 am to
Posted by Figgy
CenCal
Member since May 2020
7263 posts
Posted on 9/8/21 at 11:30 am to
The solution to not being able to pay your existing debt is to have more debt?
Posted by teke184
Zachary, LA
Member since Jan 2007
96544 posts
Posted on 9/8/21 at 11:32 am to
quote:

The solution to not being able to pay your existing debt is to have more debt?


Taking out credit card loans to pay off other loans is a time honored tradition by the stupid and desperate.
Posted by deltaland
Member since Mar 2011
90945 posts
Posted on 9/8/21 at 12:18 pm to
quote:

The solution to not being able to pay your existing debt is to have more debt?


Borrow more money to pay the interest on existing debt. It’s a house of cards that will be very ugly when it collapses
Posted by WildManGoose
Member since Nov 2005
4568 posts
Posted on 9/8/21 at 12:29 pm to
quote:

The solution to not being able to pay your existing debt is to have more debt?
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