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This assumes the economy and population always grows. If either one of these stop being true, we are left holding a big bag. War, demographics, disease, famine,
by tabtab 8y ago
This assumes the economy and population always grows. If either one of these stop being true, we are left holding a big bag. War, demographics, disease, famine, internet addiction, etc. can derail the pattern.
Some amount of debt is okay and takes this into account. But we are overdoing it.
Ironically, we could "fix" most our debt by allowing in a larger flow of immigrants. You-know-who would do you-know-what in their pants over such an idea.
- 40acres 8y agoIf the US economy slows down to such a point where our ability to pay down the debt is compromised, doesn't that signal a much larger problem in the global economy that might lead to our debt being re-configured in such a way that the payment load is reduced?