Hacker News new | ask | show | jobs
by viseztrance 4891 days ago
Using the same logic, if you have one dollar you're better off than the US.
4 comments

You do realize of course that the government has other assets than money, right?
Ha, I was thinking the exact same thing. If you have a penny you're better off than the US :)
If you are only in debt $15 trillion you'd be better off too… dumb logic.

However - the interesting thing is that his government created the problem in such a short period of time.

Also, the US can print more money or ask for more money from investors. There is a limit to how far that can go, of course.

Zimbabwe passed that limit long ago. So $217 left is a much more meaningful problem there.

The US simply has more depth in its economy to withstand the negative influence of her politicians. We already see the cliff without the public having much say as to how it will be corrected let alone when. Zimbabwe didn't happen overnight, their economy just didn't have the resilience of many Western ones.
I'd imagine this is closer to the "fiscal cliff" thing. The US Govt. may be running a deficit, but they still have billions of dollars more than I do.
Zimbabwe has debt too.