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by jncfhnb
909 days ago
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There is no reason to assert the debt should be getting paid down if it’s still more logical to borrow and grow. Especially when it’s USD denominated debts and the dollar is the most desired currency. The US is in a ridiculously privileged position. We’re riding the gravy train of natural resources and no bad neighbors for the foreseeable future. Quibbling about our debt is dumb. Europe is fucked tho |
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If only quibbling were a solution. :)
There just isn't a pattern of the US carefully spending its money in a virtuous borrow and grow cycle. Recently, anyway.
But you are right, the US is like a partner in a common enterprise (the global economy demarcated in dollars), which has the special right to keep giving itself more shares (dollars).
If they were also spending frugally, and wisely, they could flip to a government funds surplus "problem" pretty quickly.