3 ms·
Do you mean balanced? The last time the US budget was in surplus was 2001. But debt can be fiscally sound, as anybody with a mortgage knows.
by wpietri 3y ago
Do you mean balanced? The last time the US budget was in surplus was 2001.
But debt can be fiscally sound, as anybody with a mortgage knows.
- flockonus 3y agoA healthy mortgage (like any healthy debt) has the expectation of timely repayments and reduces over time. What we see here is the exact opposite to the point debtors are worried about interest default.