[zuminator]

"At some point" does a lot of heavy lifting. Without any information to quantify when this breaking point might occur, one might as well be talking about the heat death of the universe.

And what do you mean by "sacrifice the wealth of future generations for the sake of the current"? The government issues bonds to pay for stuff. Then at some point :) the bonds presumably become due, and future generations have to pay it back. Whom do they pay it back to? Isn't it back to themselves? Even assuming there's some proportion of foreign debt holders, they're getting paid back in the currency of the issuing state, which currency has generally deflated more than the bond rate over time, in other words effectively an interest free loan. If you could get a less than base inflation rate loan for 20, 30, 50, 100 years wouldn't you take it? Even assuming the 100 year horizon and thus the loan was to paid back by your estate, don't you think there's a good chance your estate would come out ahead after having paid back that low interest loan than if you had never taken the loan in the first place?

I'm just saying I'm not fully convinced that taking on national debt is universally bad, if it's payable in the sovereign currency.

[BirAdam]

Yeah, I’ve thought an economic calamity was likely for over 20 years. As I stated, the math is there but the timing is always unknown. We’re talking about the actions of billions of human beings, and therefore it’s difficult to predict with certainty. What can be said definitively is that the debt service of the US federal government will exceed the current defense budget by 2025. Things are getting closer and closer.

[naijaboiler]

You know nothing about economics

[BirAdam]

Okay, but I like discourse. Do you care to elaborate and state your disagreement? (Friendly tone here, I really do like discussions)