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Yes they can...Technically, there's enough tax revenue to pay the interest on the treasuries at today's rate. But not entitlements, and won't leave a lot of wiggle room for all the other crap the federal government wants to do. I guess the Fed could unleash QE-to-fucking-infinity-and-beyond where they run the presses full tilt until the dollar is debased into a pile of ashes. People hear something and repeat it as fact. I suppose this has happened throughout history although I suspect our population is probably the dumbest in the history of the world...I know we are the most selfish, to strap our Children with this kind of debt