Quote:
Originally Posted by dyna mo
bingo? he's exclaiming USA is bankrupt if not for being saved by selling debt. That's like dumb nazi thommy dumb.
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He has a point, although bankrupt is obviously not correct. We are extremely indebted is the more realistic problem.
Why are we indebted? We take in less than we spend. The United States avoids balance of payment issues because the dollar is the world's reserve currency. That won't last. When it goes - boom! Better to prepare now...
Or, we could talk about idiotic baseball analogies where for some reason the baseball team is required to play with the other team.