Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,438
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No...not even.
We can afford to help these other nations but we can't do it all for them.
And the debt is affordable...and not exactly what you think it is. Even if the whole world dumped their bonds (even though they won't) it would sting, but our economy is still more than strong enough to withstand that. Too many other nations use our currency as their reserve currency... meaning that their currency is backed by ours.
So try to catch up on basic economic principles. Money never sleeps as long as the sun continues to shine.
Bullshit. When the debt gets so great that we can't even pay the interest, we lose our credit rating. When we lose our credit rating, that means nobody will borrow us money any longer, and foreign money is how this country glides along. Now the Democrats are talking about adding more debt with their green bullshit most people don't want.