I pay all of my bills. But I do not borrow in excess of my
Posted on: April 27, 2020 at 11:08:25 CT
DHighlander NWMSU
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ability to return payment.
I am suggesting that when our country runs up debt into the tens of trillions it is ridiculous to believe that it will be paid back.
The current calculations show that 10% of the federal budget is just debt service. Not paying back the debt but simply paying interest on the debt while continuing to acquire more debt every year.
If I went to a banker with that type of balance sheet they would never give me a penny. Their conclusion would be that I never intended to repay any of my debts. And they would be justified in believing that.
Edited by DHighlander at 11:09:00 on 04/27/20