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> "the US have grown to a country based on consumption, spending and borrowing, but not on producing anything." Eh, not really. Services and other tertiary ind
by snrplfth 10y ago
> "the US have grown to a country based on consumption, spending and borrowing, but not on producing anything."
Eh, not really. Services and other tertiary industries are just as much "production" as a factory or a mine is. The US government, and US citizens, are not much more indebted than average. You don't "run out of money" by buying foreign goods.