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You mean, it allowed the US to continue to borrow beyond its means without being called on it. Thanks a whole lot, world.
by pfdietz 11mo ago
You mean, it allowed the US to continue to borrow beyond its means without being called on it. Thanks a whole lot, world.
- deleted 11mo ago[deleted]
- justin66 11mo agoLook at the chart representing the US national debt (or debt to GDP) and pick a point at which you say "wow, that's when we started borrowing beyond our means." I rather doubt the date you pick will be anywhere close to the time eight decades ago when the US decided to start "propping up our allies." That worked well for us financially for a really long time, and the contributors to the current debt crisis lie elsewhere.