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That's as dumb as saying US has the highest debt among all countries and don't live there. Probably good to pick Somalia because they have low debt
by deltree7 4y ago
That's as dumb as saying US has the highest debt among all countries and don't live there. Probably good to pick Somalia because they have low debt
- orangepurple 4y agoYou're right. Debt is irrelevant these days.
- lotsofpulp 4y agoNot similar at all. If you are deciding between states/cities, then the states/cities’ debt burdens impact your tax liability and quality/quantity of government services received. NJ does not have the luxury of being able to print money. Same situation on federal government level, but US apparently has quite a bit of advantage considering the strength of the currency. Theoretically, if there was a country similar to the US with less debt, then they would enjoy an advantage. In the US, that is not theory since there are many different comparable states. Warren Buffett has commented as much https://www.cnbc.com/2019/02/25/full-transcript-billionaire-investor-warren-buffett-speaks-with-cnbcs-becky-quick-on-squawk-box-today.html https://www.cnbc.com/2019/02/25/full-transcript-billionaire-...