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We're never going to pay it, and no we couldn't have gotten universal healthcare. If they had the votes, they would have done both, regardless of cost. They don
by Grakel 5y ago
We're never going to pay it, and no we couldn't have gotten universal healthcare. If they had the votes, they would have done both, regardless of cost. They don't have the votes for universal healthcare.
- Retric 5y agoRunning out of people willing to lend us money is the ultimate risk. The more we borrow the sooner that happens.
- mulmen 5y agoYou mean the more we don’t pay back? Carrying debt generally increases credit rating.
- deleted 5y ago[deleted]
- Retric 5y agoOnly up to a point, try borrowing say 50 million dollars while making 50k. Before lending money people look at your existing debt load to determine if your likely to pay it back. The same thing happens to countries, though more smoothly as they first require higher interest rates.
- deleted 5y ago[deleted]
- risk000 5y agoGovernments are not households. Using this metaphor only causes more misunderstandings.
- Retric 5y agoExcept Greece for example recently hit it’s borrowing limit with spiraling interest rates. If it could have borrowed unlimited money at zero interest nothing bad would have happened, it could have paid debts with new loans.