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If you owe your bank 10000 dollars and cant pay you have a problem if you owe your bank 1 million (or in our case 17 trillion)and cant pay they have a problem.
by OnyeaboAduba 13y ago
If you owe your bank 10000 dollars and cant pay you have a problem if you owe your bank 1 million (or in our case 17 trillion)and cant pay they have a problem.
- dmix 13y agoA significant portion of the debt is held by Americans. I don't get your point.
- OnyeaboAduba 13y agoMy point is debt isn’t a problem unless there are significant consequences attached to it. You talk of economic understanding but your theory is flawed.
- twoodfin 13y agoThis analogy makes sense, but surely there's a debt/GDP ratio where it breaks down, no? How do we know what that is?