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by garydevenay 1462 days ago
I'm exclusively talking about sovereign debt, I am not talking about personal debt at all.

The problem the US has is that it is one of the largest creditors of its own liabilities. The US prints its own money to issue itself debt with it. History's biggest ponzi.
1 comments
keewee7 1461 days ago
National "debt" is not debt at all and doesn't work like a person going to the bank and loaning money. There are plenty of countries with higher national debt / GDP ratio than the US and doing better than the US in terms of quality of life.
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garydevenay 1461 days ago
No one is implying, or actually discussing personal debt or likeness to personal debt but you.

Of those with Debt:GDP higher than the US, who exactly are you aspiring to in terms of quality of life? https://worldpopulationreview.com/country-rankings/debt-to-g...

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