How does any of this make sense whatsoever?
If you replace these nations with companies or even individuals they would be beyond salvation.
This is the world the boomers are leaving us, it's time for a change.
Because as Lyn says, nothing stops this train.
This is alarming, but you’d also need to look at national assets for each country. For a company, sometimes you lend off cash flow. Other times, you lend off assets. I actually don’t know how the US looks on assets, but I bet it’s substantial with all the land and national parks.
Either way, we’re in an awful position. Interest + current entitlement obligations exceeding tax receipts is a bad signal, and even if we could sell assets to pay off debt…who has $36T of capital to buy our assets?
