02-03-2021, 11:21 AM
(02-02-2021, 10:32 PM)random3 Wrote: Maybe the US debt will be paid off by illegal immigrants, technology, a zero percent tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.
Debt didn’t work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.
Those who fail to learn from history are doomed to repeat it.
The US debt will never be paid-off, because it serves a useful purpose. On the other hand, it will eventually recede in importance as it did from the 1940s top the 1960s.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.