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Because fundamentally the US government can print money to pay US debt. You can't print money to pay off your household debt. It's a different beast altogethe
by admax88qqq 4y ago
Because fundamentally the US government can print money to pay US debt.
You can't print money to pay off your household debt.
It's a different beast altogether subject to entirely different rules and incentives than household debt.
- fwungy 4y agoYes, and we the taxpayers get the privilege of paying interest on the money that is printed based on our nation's creditworthiness. The debt can never be paid. It's by design.
- fundad 4y agoWith tax revenue on growing wages.
- joemazerino 4y agoPrinting money results in inflation. That was my original point.
- admax88qqq 4y agoMy point is just that national debt is more complicated than household debt. And every attempt to reduce it to household debt is flawed. They are fundamentally different.