GreenSpan: United States can pay any debt

[Lafayette]

http://www.realclearpolitics.com/vid...int_money.html

David Gregory, moderator of "Meet The Press" on NBC: "Are U.S. treasury bonds still safe to invest in?"

Alan Greenspan, Former Chairman of the Federal Reserve: "Very much so. This is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default."


Their you have it folks, right from the horses mouth!

[headhawg7]

Yep....pay it back with a devalued currency. Oh well...people investing in treasurys right now are going to get what they deserve.

[The Grinning Maniac]

Wow...I don't understand how he could say something so blatantly stupid and not be called on it?

No follow-up question of "well, wouldn't that devalue the currency?".... Really?