LOL…trying to reason with a trough feeding lunatic like Steals… funny stuff 🙂

It’s not $200 trillion in unpaid debt, but unfunded liabilities — mainly Social Security and especially Medicare. Baby Boomers expecting these benefits are going to find them greatly reduced. But to delay the reductions, much of the rest of the govt. will be cut first, including the promised pension payments to govt. workers. Tax increases won’t work, because they only would reduce U.S. competitiveness with foreign countries.

Yes
I remember that.

Not too sure your point here though. Most Americans, a vast majority did not. Desi above is indicating that all private debt is null. Your post asserts the trillions in unpaid debt— so what?

Ted: Maybe you forget all the people who “walked away” from their mortgages 2007-10?

Everybody’s mortgage is due right now– because I say so—- because I don’t think we should honor the contract you made with your bank…or your landlord’s K with his bank…….sleepy Johnny– just sleepy….Zzzzzzzzzzzzzzzz

I hope you’re getting enuf sleep.

Kind of a rehash Johnny?

Courthouses also abound with the hustle and bustle of collection. And it’s only just begun:

http://www.zerohedge.com/news/2013-09-11/lawrence-kotlikoff-us-fiscal-gap-200-trillion-our-country-broke

PLEASE do not become yet another drama queen on CWD. Hyperbole is the province of Dr. Seliers, not you sir. You are one of the unwashed posters.

Debt is still enforced widely in the land of the free— courthouses abound with the hustle and bustle of collection.

Try to relax little buddy!