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That’s government, not country. And most of this debt is held by other branches of said government.
by golergka 3y ago
That’s government, not country. And most of this debt is held by other branches of said government.
- dataflow 3y agoEdit: Do you feel your comment explains how/why this implies the debt is fine? I sure don't...
- golergka 3y agoBe kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes. Comments should get more thoughtful and substantive, not less, as a topic gets more divisive. When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3." Please don't fulminate. Please don't sneer, including at the rest of the community. Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith.
- system2 3y agoA little humor wouldn't hurt. HN is getting extremely stiff to the point that people's comments are being reported.
- lotsofpulp 3y agoAssuming a society expects working populations to support non working populations, then the debt exists regardless of it being tallied on a balance sheet. The only options are to remove the assumption that working populations will provide for non working populations (this removes the debt), or to have a sufficient proportion of working to non working population (this allows the debt to be serviceable).
- somenameforme 3y agoThis is inaccurate. [1] What you're referring to is called intragovernmental debt. And it makes up less than 25% of our debt. The overwhelming majority is publicly held. [1] - https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124 https://www.thebalancemoney.com/who-owns-the-u-s-national-de...