This is a bad analogy. All those countries listed are currency users. The United States is a currency issuer so comparing them is apples to oranges. Also I agree with the way student loans and other assets held by the treasury are accounted for. This is debt the treasury holds that will either be paid back or eventually mature. It is a different animal than outstanding treasury bonds.
This is a bad analogy. All those countries listed are currency users. The United States is a currency issuer so comparing them is apples to oranges. Also I agree with the way student loans and other assets held by the treasury are accounted for. This is debt the treasury holds that will either be paid back or eventually mature. It is a different animal than outstanding treasury bonds.
Name a nation in history that has ever paid off all it’s debts. We will continue to run the ponzu scheme.
Plus we have like 100T in unfounded Iiabilities that enrons itself off of the costs, Iiability and obligation sheets.