Yes, we will be able to service our debt - but that doesn't address the issues of overspending that gave rise to the debt. Government also has 2 advantages that you and I do not have on debt repayment - we cannot compel our neighbors to pay higher taxes and we cannot print paper money. Also, you and I can never guarantee ourselves any i…
Yes, we will be able to service our debt - but that doesn't address the issues of overspending that gave rise to the debt. Government also has 2 advantages that you and I do not have on debt repayment - we cannot compel our neighbors to pay higher taxes and we cannot print paper money. Also, you and I can never guarantee ourselves any income increase to cover any of our personal profligate choices. Yes, as long as Uncle Sam can play debt shell games with consistent refinancing, paper $$ and taxes, the game will continue regardless of your article's findings. However, to me -- we are F****d economically as a nation and We The People have bought into the politician's favorite lie -- We can spend more and more and it will cost you, the voter - NOTHING. You keep voting for me and I will keep you happy.
Yes, we will be able to service our debt - but that doesn't address the issues of overspending that gave rise to the debt. Government also has 2 advantages that you and I do not have on debt repayment - we cannot compel our neighbors to pay higher taxes and we cannot print paper money. Also, you and I can never guarantee ourselves any income increase to cover any of our personal profligate choices. Yes, as long as Uncle Sam can play debt shell games with consistent refinancing, paper $$ and taxes, the game will continue regardless of your article's findings. However, to me -- we are F****d economically as a nation and We The People have bought into the politician's favorite lie -- We can spend more and more and it will cost you, the voter - NOTHING. You keep voting for me and I will keep you happy.