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The US government has not been unreliable. It has been very much the opposite of that, for a very very long time. That's why it has the best credit that any ent
by sanderjd 2y ago
The US government has not been unreliable. It has been very much the opposite of that, for a very very long time. That's why it has the best credit that any entity has ever had.
Sometimes I feel like a lot of you want to break things just so that you can then say "See! I told you it was broken!". I have very little patience for this.
- jack_pp 2y agoBy having "the best credit" you mean literally it can borrow money at low rates? What does that have to do with the fact that most citizens are struggling financially and fewer people than ever are able to buy property?
- sanderjd 2y agoBeing able to borrow at low rates is only one outcome of being a very reliable government (to this point). People struggling financially and being unable to buy property are policy choices that have nothing to do with reliability. To illustrate: If we had never created the Social Security program, a lot more elderly people would be impoverished, but that wouldn't be unreliable, it would just be a different policy choice. But now that we do have the Social Security program, if people start being unable to get their payments, then that would be unreliable. The distinction is: Are we keeping up our end of the bargains we've made? Historically, we have done so to an extremely high degree, which is why our credit is very good. And not just in financial terms. The current administration seems hell bent on ruining that long history of reliability, and that's very bad. But it's just not true that the US government has been unreliable historically.