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re: Can the USA go into more and more debt forever?
Posted on 4/29/17 at 8:12 am to crazycubes
Posted on 4/29/17 at 8:12 am to crazycubes
One of the problems is the amount of debt held by US Citizens. A default would be like the great depression in the 30s.
The government can also cover debt by printing money, kind of.
We really just need to slow the increase in debt. If we can get out of some of these wars and get the world to start paying us to defend them it would help. The social spending we be helped when we get over this baby boom bubble in about 20 years.
The government can also cover debt by printing money, kind of.
We really just need to slow the increase in debt. If we can get out of some of these wars and get the world to start paying us to defend them it would help. The social spending we be helped when we get over this baby boom bubble in about 20 years.
1
Posted on 4/29/17 at 11:06 am to Shaun176
We can't pay what we owe now without a lot of pain. Greece situation or worse. Politicians won't allow it to happen until the market forces it. The Chinese could dump government bonds and cause this at any time. They'd just have to be willing to eat the loss on the bonds they hold. Research the Russian involvement in our CMO and derivatives induced housing crash if you want to see how it can be done.
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