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Everybody loves to account for the national debt, but no one has ever tallied up the national wealth. The United States has a strong balance sheet. The national debt is an illusion.
While the national debt may be large most people have benefited from the expenditures that drove that debt to where it is today.
Most people? I think you been Bush Co and Friends, when Clinton was in office there was a surplus. Saudi Arabia, China and Japan own a lot of American bonds, they will use it as political leverage in the future.
the same way it has always paid it debt, deliberately and in the increments that meet with the debt arrangements and agreement that have been laid out.
This is not the first nor will it be the last time a nation acquires and manages debt. People whine about the debt, but their lives continue and as with the reality of inflation, whether one carries debt or not, inflation will always bring higher cost to the spectrum of living.
Tripping on something which is far and beyond the individuals management, such as National Debt, one need truly just focus mainly on how they manage their personal debt. Because when it comes to nations, it takes a lot to run one, maintain one and progress one, as well as protect and defend it, while at the same time having humane regard for the citizens within the nation.
We should know from the building of infrastructure, that it comes with maintenance cost, as does everything else that makes a nation what it is. America with all its challenges is still the best place on earth for people to live and work.
Everybody loves to account for the national debt, but no one has ever tallied up the national wealth. The United States has a strong balance sheet. The national debt is an illusion.
The national debt is an illusion because we print the US$. Not because we could pay it off by selling national assets. That would be a really stupid thing to do.
While the national debt may be large most people have benefited from the expenditures that drove that debt to where it is today.
Nonsense. Most of our debt was acquired to support a large trade deficit. Offshoring, capital drain, depressed wages, etc. Only a very few have benefited from this.
I feel sorry for Americans who had their tax dollars flushed down the toilet just to make the situation worse. Where the government is in trillions in debt.
Inflate our way out just like we did in the eighties.
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