3 ms·
You cannot simultaneously a) be the largest reserve currency in the world, b) be the backstop for all those states that require balanced budgets and can't pay f
by zrail 3y ago
You cannot simultaneously a) be the largest reserve currency in the world, b) be the backstop for all those states that require balanced budgets and can't pay for emergencies, c) have the largest military in the world, and d) require a federal level balanced budget.
Nationstate finances are not the same thing as personal finances or corporate finances. Trying to paint them the same is misleading at best and actively harmful at worst.
- _heimdall 3y agoAgreed, my opinion is simply that (d) should be prioritized and the others would reasonably be on the chopping block when we have to cut trillions in deficit spending. It's worth noting that I wasn't comparing nation-state finances to personal finances at all. I was only comparing US federal finances to US state finances.