Out of interest, you mention Gov spending is based off of tax collection and debt creation, whats your thoughts on MMT, and the printing of money to productive expenditure (till the last man/women is hired/working)
defaulting on US debt is that something that can't happen. It will be sorted out but in a way that maximizes the number of politicians looking like fools.
Out of interest, you mention Gov spending is based off of tax collection and debt creation, whats your thoughts on MMT, and the printing of money to productive expenditure (till the last man/women is hired/working)
In regard to the debt ceiling, I'm falling back on the axiom "if something can't happen, it won't".
defaulting on US debt is that something that can't happen. It will be sorted out but in a way that maximizes the number of politicians looking like fools.