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The lack of fiscal responsibility by US governments has been pretty disappointing. This includes local, state, and the federal government. I understand that si
by milkytron 3y ago
The lack of fiscal responsibility by US governments has been pretty disappointing. This includes local, state, and the federal government.
I understand that since the USD is the current reserve currency, it gives us a bit more flexibility with regards to debt, but it doesn't seem wise to abuse this over the long term. We've normalized taking on huge amounts of debt that I don't see ever being paid back, it only keeps increasing.
I'm not sure what the solution is, or what the consequences will be, but it gives me an uneasy feeling that at some point in the future, the US will default and economic problems will ensue.