Interesting explanation, I was just commenting on your one statement that the US can pay its debt is all - I still don't know how that's true, especially if interest payments are as large or larger than the income.
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I expressed that poorly. What i should have said is "the us can make payments on its debt obligations according to terms". Which is to say, we're able to make our payments on time. I wasn't thinking we could actually pay the debt off. Its kind of the same difference as me saying "I can pay my mortgage" versus "i can pay my mortgage off".. i only meant to imply the first.
Ah OK, I misunderstood. BTW, not to get off topic, so far in my short time here I've had a few good discussions, this being one of them, and am very glad I signed up and started browsing. Nice to have a discussion and even be corrected in an intelligent and articulate manner. I've been so used to responses to what started out as a mere discussion on a political or economic topic that end with plain disregard for any semblance of discourse for so long on pretty much every other platform - nice change to find some intellectually honest people.