2 ms·
So much of U.S. debt is effectively A) an investment in the future of the country B) future obligations that it's hard to really compare it to personal finan
by nkozyra 8y ago
So much of U.S. debt is effectively
A) an investment in the future of the country
B) future obligations
that it's hard to really compare it to personal finances.
When people are buying bonds it's generally a good sign for the perception of the country, but it obviously tacks more debt onto the ledger.
We tend to look at mortgages differently than, say, credit card debt because it's an obligation into something that ostensibly grows in value over time. One could argue that the same is true of social security and health and human services. You could also argue the cost is lower to fund those outright than to deal with the free-market implications. This is also an (the?) argument for Medicaid-For-All.