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Old 10-02-2019, 06:49 AM
 
Location: NC
6,761 posts, read 8,326,587 times
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Quote:
Originally Posted by MacInTx View Post
You are quite mistaken. The national debt was $5.65 trillion at the end of Bill's presidency. (https://www.thestreet.com/politics/n...-year-14876008)
Read #17.
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Old 10-02-2019, 07:22 AM
 
2,368 posts, read 712,459 times
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Debt means nothing anymore in terms of government debt. The Biggest Governments "in charge" of the world order can have as much Debt as they want. Governments of weaker countries are not allowed to have excessive debt. Get it, got it? Good.
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Old 10-02-2019, 08:53 AM
 
9,132 posts, read 4,081,126 times
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Quote:
Originally Posted by Tencent View Post
Debt means nothing anymore in terms of government debt. The Biggest Governments "in charge" of the world order can have as much Debt as they want. Governments of weaker countries are not allowed to have excessive debt. Get it, got it? Good.
Any country with a sovereign currency can have all the debt they choose. Weaker ones have weaker currencies and are more prone to inflation.
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Old Today, 08:01 AM
 
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Quote:
Originally Posted by Hoonose View Post
Any country with a sovereign currency can have all the debt they choose. Weaker ones have weaker currencies and are more prone to inflation.
Their governments also carry generations of debt which they are unable to do anything about. Even as revolts happen, the new government assumes the debt of the old one.
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Old Today, 08:26 AM
 
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Quote:
Originally Posted by Tencent View Post
Their governments also carry generations of debt which they are unable to do anything about. Even as revolts happen, the new government assumes the debt of the old one.
Just as we in the USA have accumulated debt since 1836.
'Unable to do anything about' is not exactly correct. Deciding to accumulate and not pay it off is essentially a feature for modern and successful sovereign nations.
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