Those who say that the USA is a free and peaceful country with a balanced budget are liars.
Discussion
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You cannot have both democracy and a balanced budget
The people vote for "free" (debt spending) stuff.
You're right about the present system, but it could be changed.
Cease to enforce usurious contracts, and no one will buy interest-bearing bonds.
Or enforce the original Westminster principle of "no parliament may bind its successors" and then every election would be a sovereign default