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I'd like to stay hopeful and perhaps they can figure out a way balance the welfare income and expenditure. But that will probably not happen. The bomb does ne
by pcurve 10y ago
I'd like to stay hopeful and perhaps they can figure out a way balance the welfare income and expenditure. But that will probably not happen. The bomb does need to blow to reset the clock.
- pm90 10y agoIt is possible: the US can technically be indebted (and thus borrow) infinitely. Sovereign debt is not like private debt, there is no ceiling to it (unless willingly mandated, as the US Congress does). I'm not going to pretend to know what the future will look like, but presumably some political change involving multiple planetary systems will succeed the US and do something with the debt. In any case, human population will peak and then start reducing at some point in the not too distant future (unless we expand to other planets). I wonder what happens if the holders of the debt themselves were to perish.
- nihonde 10y agoWhat a terrifying prospect: war waged in order to eliminate a creditor nation.