So as long as U.S debt is a cetain percentage of GDP it's sustainable? Aren't we putting our toes at the edge of the precipice?
So as long as U.S debt is a cetain percentage of GDP it's sustainable? Aren't we putting our toes at the edge of the precipice?
The vast majority of US debt is not traditional debt but it's unpaid liability. What that means is debt that doesn't exist yet and is promised to an unknown group (or known potentially) usually welfare based. Which I mentioned.
The vast majority of US debt is not traditional debt but it's unpaid liability.
What that means is debt that doesn't exist yet and is promised to an unknown group (or known potentially) usually welfare based. Which I mentioned.
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