“It seems we are much closer to bankruptcy than Russia is.”
Countries don’t go bankrupt because they hold a lot of debt. They go bankrupt because they can’t get any more debt. And our credit rating is probably going to be quite a bit better than Russia’s six months from now.
Maybe you should consider not running a country on debt? I’m not supportive of this debt based economy. The country is basically run off of debt swaps in perpetuity. Insurance when you don’t actually have the money to cover the claims. The whole system is a scam and the people on forums like this and Twitter are fools who carry the bags in the end. All the while defending the brilliance of their masters. The more I’ve learned about how the system functions the more I’ve changed my thinking of all these debates.