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.
http://www.salon.com/2016/04/14/did_time_magazine_bum_you_out_the_internet_debunks_mags_claim_that_you_owe_42_998_12_for_the_national_debt/
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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.
http://www.salon.com/2016/04/14/did_time_magazine_bum_you_out_the_internet_debunks_mags_claim_that_you_owe_42_998_12_for_the_national_debt/
Sent from my iPhone
