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You can always sell your property while you have it replayed mortgage yet and get a lot of money. The government has nothing to sell. Better analogy is that y
by lightgreen 6y ago
You can always sell your property while you have it replayed mortgage yet and get a lot of money.
The government has nothing to sell.
Better analogy is that you have 600% GDP in student debts, and you don’t have a realistic plan to repay it because you studied liberal arts.
- JumpCrisscross 6y ago> government has nothing to sell Governments have assets and the legal right to others’ assets (e.g. taxation).
- evilos 6y agoAlso since its debts are in US dollars, it can literally print money to pay off debt.