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The only means by which the US government has been able to maintain the legitimacy of its power is to borrow over $32T. If not for that, it would have significa
by rogerkirkness 3y ago
The only means by which the US government has been able to maintain the legitimacy of its power is to borrow over $32T. If not for that, it would have significantly diminished influence and have lost even more trust than it already has. This is the beginning of the regression to the mean and the rating is still arguably generous.
- jfghi 3y agoI compare it more to a zero sum game competing against a handful of countries dealing with a variety of often similar issues.