I have T-bills. What happens if the U.S. defaults?

[stock777]

the fact that default is even being talked about is a disgrace, and a testament to the fact that the pols are dickwads, and obama is an incompetent shoe salesman.

 

[zdreg]

Quote from stock777:

the fact that default is even being talked about is a disgrace, and a testament to the fact that the pols are dickwads, and obama is an incompetent shoe salesman.

he may be an incompetent shoe salesman but he is still a great salesman because the american people elected him as president.
because you live in the US he has the power to make you his slave by taxing you to death and/or making your money worthless,

 

[bigarrow]

Quote from krazykarl:

They won't "default" - the priority will be to pay on the paper, then pay defense, then whatever is left will go to SS, medicare, etc with shit getting cut after. As long as the outstanding paper is < 100% of GDP there won't be a default.

They also have to keep some people hired to cut the checks and some postmen to deliver the checks and some air traffic controllers so the checks delivered by jet can get there and some military so to protect the process and the electricity and upkeep on the buildings where the checks are being cut and the accountants to keep track of the payments and and and...