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by dragonwriter 3608 days ago
> Is our debt greater than 100% GDP? Yes is it.

That's (if the unit of analysis is "us", as in the country, rather than the government itself) arguably loosely analogous to one piece of one's personal debt exceeding 100% of annual income, and not at all the definition of being broke.

> Is there any sort of plan to repay that debt in a lifetime? No, not really.

That's having long-term structural debt, which, again, is nothing like being broke.

> A lot of people would consider that broke.

I don't really think that's true. The government is neither unable to pay its current obligations (it occasionally approaches choosing not to do so, but is nowhere close to being unable to do so).