Quote:
Originally Posted by tabs
The way you all are acting is as if it were FAKE DEBT (which is psychotic in that you all think that debt has no consequences..the govt keeps borrowing more and more....
If some American crazies were to start screaming that the debt were fake, foreign bond holders at the very least would get very nervous. So you are warned.
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The debt is real, and the vast majority is owed to US (internally)....it is unsustainable, and absolutely will "reset" some day. Yep....we're gonna pull a Donald Trump...suckers
. That said...when the dust settles, the USA will still be where we are now (filthy rich by comparison to the ROW)....just a lot less uppity. Some will wither and die when it happens....some will abdolutely thrive....others will thrive and beotch and moan every step of the way....YMMV.
Enoying this thread....JYL has put it into the same perspective I hold...we aren't healthy....not by a long shot (debt), and it's being made worse by the current circus in DC. Sadly, it's been the same for almost 4 decades now while the faces keep changing....while spending (borrowing) $ we don't have, with no intention of ever paying it back....jmo.
Unsustainable....yes
End of the world when we default....nope