[Info-vax] HP stopping VMS paper documentation ?

[Fritz Wuehler]

> >> The U.S. is not bankrupt. It is still paying its bills, and can borrow
> >> at near zero percent interest rates. That is not bankrupt.

It's bankrupt, morally and financially. But they make the laws and twist
them and enforce them (or not, depending on if it is or isn't to their
benefit) and they print the money, they don't have to admit it when they're
bankrupt.

> >I was away for a couple of weeks this past summer. Didn't the USA have
> >to declare bankrupcy or something because the government couldn't pass
> >some bill authorizing payments ?

They have to reauthorize their borrowing every so often in order to give the
various lobbys and political parties some leverage or it gets ugly. Or they
have to wine and dine the Fed management to get them to print more money or
shred more money, depending on what they're looking for that month.

The sad part is they're not allowed by the Constitution to budget money for
a standing army. Aside from midnight basketball programs a standing army is
about the only thing that has a budget for years into the future.