>The govt doesn't have this ability to print money and pay debt. The Fed does. The Federal Reserve is part of the government. The Board of Governors is an inde

>The govt doesn't have this ability to print money and pay debt. The Fed does. The Federal Reserve is part of the government. The Board of Governors is an independent government agency, with members appointed by the President. The individual banks are set up more like private corporations, but it's the Board of Governors that set the orders for new money being minted. Saying that it isn't the government that has the ability to print money and pay debt when this is the case is a little obtuse.