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To: dfwgator

We are the world’s largest debtor nation. Translation: We are broke.


12 posted on 03/26/2020 1:53:31 PM PDT by kabar
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To: kabar

Most of our debt though is what we owe to our selves(both the states and the federal)...and that is the whole “sneaky pete” of the problem.

Because we can grow things and still have lots of resources we can pay our foreign debtors by the sale of those things. Most of our public debt though is to ourselves and our future progeny. The populace have debts to private entities mostly and of course there are taxes to pay.


27 posted on 03/26/2020 2:16:21 PM PDT by mdmathis6
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