"You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)
You know, the thing is, those government debt figures aren't as cut and dry as if it was your debt or my debt. "Debt," if you can even call it that, is the vehicle through which monetary supply is created with any fiat currency. We "borrow" money in to existence. The "debt" you see on the national debt clock is basically outstanding t-bills. Which isn't necessarily a bad thing, it's just a byproduct of the way in which the Fed manages the money supply.
It gets super confusing very quickly, though, and so I can understand how by just calling it "debt," that can scare a lot of people.
Basically, if we don't have inflation, we don't have a problem.
Anyways, as I was saying.... In the 80's and 90's, after we kicked Soviet butt and eliminated the threat of communism from the planet (you're welcome, world), we just went ahead and invented that little thing called the internet, and revolutionized the world economy for about the 5th time in the past century. Just America being America.
You're living in a tech age, brought to you by America. So watch the cat video and relax hombre!
Last edited by Peter Grimm; 06-25-15 at 10:04 PM.
When you're right, you're right!