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And why is that? Technically, we could repay all of our debt, at any time, as we print our own currency. There are long-term implications for what you are talki
by mcnees287 11y ago
And why is that? Technically, we could repay all of our debt, at any time, as we print our own currency. There are long-term implications for what you are talking about, but we are far away from anything approaching a crisis (not including self-imposed crisis by The Congress). There is no connection between a household 'maintaining a budget' and the way the US government finances itself. It is a false equivalency, but serves as a useful political cudgel.