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One interesting thing is that the us government can.leverage its national debt....or so it claims.....as this is why we are apparently not freaking out over the
by tonetegeatinst 2y ago
One interesting thing is that the us government can.leverage its national debt....or so it claims.....as this is why we are apparently not freaking out over the debt crisis. The government has learned to use debt as a measure of "progress" like sure technically every us citizen is responsible for that debt but when every vote gets to decide on a handful of people.... Millions could disagree with the representative and yet they still are responsible.
Like imagine if the average person could just decide they arnt going to be able to cover interest on the debt they have, yet they still could print tons of money. Money that's only backed by their word, and the debt gets used in your local town negotiations as a weapon.