Reply #11: Thank you, everyone, for the answers

[Nancy Waterman]

I think our TV spokespeople should be as clear as possible on this issue so it doesn't just sound like the usual hyperbole that we have all become immune to. It also occurred to me that if Treasuries go down in value because less people will buy them, then all of the funds that include treasuries will go way down in value. People will lose value in their savings and their retirement. Even if we manage to pay our debts by robbing Peter to pay Paul, so to speak, I would think the whole investment structure would be hugely degraded.