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chuckd4vt

Joined: 12/22/2002 Posts: 8500
Likes: 2169


That goes both ways.


We own a boatload of debt from other nations too, including China. And for all the fearmongering that one set of folks engages in, China's in a far worse place economically than the US.

That whole idea about the debt being "called in" is ridiculous. When has that EVER happened? Who's gonna call it in? How would they ever collect it? Wouldn't we call in their debt too.

Right now, the US is slightly over a 1:1 debt to GDP ratio. THat's about where we need to be, and as had been the case for decades now, the economy will operate just fine there.

Anyhow, our national debt is hardly the problem you folks make it out to be. In fact, it's problematic of a nation doesn't have enough debt. Look it up. That would result in a tremendous amount of inflation.

OUr problem is that we need to support a structure in which more Americans get a piece of this exploding economy.

(In response to this post by WhoopACC Hokie)

Posted: 05/29/2017 at 09:39AM



+0

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