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It's more in line with corporate debt,
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Except they can't get a pork barrel bailout. Can the gumint declare chapter 11? 13?
As for having enough military, buildings and land to cover the debt, oh come now.
Do you really think they'd give them up?
If I've got a gun...no, I got the biggest gun in the world and you say, hey you owe me 50 bucks, Give me the gun.
Which end of the gun do you think you'll get?