Panhandle of Ne. | HuskerJ - 5/21/2023 21:03
I'm concerned about the debt. While on paper, the current debt to asset ratio might not look all that bad, I have to ask what you would think of the country's current 'cash flow' situation?
Would you want to loan additional money to someone who has had to borrow more money, just to make the interest payments on their debt for 29 of the last 30 years? (and in that one year, no debt was paid down, it just didn't grow).
The debt is growing exponentially, and the GDP is not. Unless something changes, there will come a point of no return. Simply borrowing more money is not the answer.
I would think that fighting a war on foreign soil and help then rebuild than to have fought it on US soil like Japan wanted to do when nobody would have helped us rebuild. |
Is Biden going to risk a constitutional crises by going around the debt limit.
