[Ranndom]

Originally Posted by Orruar [You must be logged in to view images. Log in or Register.]

Have you ever purchased a house? If you had, you'd know that when you do, you sign a mountain of paperwork. Given how attentive you are to details, you'd also know that part of that contract states that if you don't pay the mortgage, you get kicked out.

If the government doesn't pay its "mortgage" (i.e. the bond coupon), it's called a default. If they go into default, there's really nothing the owner of the bond can do. Still, it would wreck the credit rating of the US, and since the government wishes to continue issuing bonds and getting a good price for them, they won't default. Instead, they'll tax us to pay for them, or at worst print money. Regardless, an owner of a bond has exactly 0 claim to any US territory or other government property. Even if the US government tomorrow said "fuck y'all, we're not paying back any of this $18T in outstanding bonds", nobody would get something the government owned.

I gave you far more explanation than your idiot mind deserves, but there it is.

That would be true, If the United States of America Inc. weren't legally a corporation.