Comment by avaer
15 hours ago
It can never be repaid. Presumably the people in charge of generating it are not oblivious to this fact.
"If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem."
15 hours ago
It can never be repaid. Presumably the people in charge of generating it are not oblivious to this fact.
"If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem."
It goes beyond that. $175 trillion includes all future entitlement spending not debt, it’s crazy to call all future entitlement spending for every living person debt. By that metric there’s essentially no such thing as a solvent government anywhere in the world and there never has been in modern history.