Saturday, 23 April 2016

Did Time magazine bum you out? The internet debunks mag’s claim that you owe $42.998.12 for the national debt -

It's in Salon, but still..... The US is NOT insolvent and won't be anytime soon. Correction: won't be anytime, period.
A national economy is not like a household one. The US national debt is treated like cash. If it were paid down it would suck the air out of the international financial markets.

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