Ukraine, One Year Later

[clodhopper]

Not really.

Debt is debt.

-John

That... isnt correct. But you do you.

[arbol]

That... isnt correct. But you do you.

You injected yourself into this conversation, when I said that Russia had next to no debt.

I have shown you that this is true, and they have next to no debt, and shown you that the United States has outlandish debt.

You argued that we could just ignore or default on our debt, like Russia did in 1993.

I suggested I should spend a lot more, and go further into debt, and wait for forgiveness.

You responded that I don't understand the definition of debt.

Go you!

-John

[clodhopper]

You injected yourself into this conversation,

Injected myself? Last I checked, it is still an internet forum open to public comment.

....when I said that Russia had next to n
o debt.
I have shown you that this is true, and they have next to no debt, and shown you that the United States has outlandish debt.

Didnt say anything otherwise about those items. Russia has v low debt and the US spends like a drunken sailor. Totally agree.

You argued that we could just ignore or default on our debt, like Russia did in 1993.

I didnt say we should. I said that we most likely will, just as we have been for the last ~20 years while continuing to increase the deficit with printed dollars. Inflation is currency devaluation.

I suggested I should spend a lot more, and go further into debt, and wait for forgiveness.

You responded that I don't understand the definition of debt.

Not the definition of debt. Equating federal debt and personal debt. While the basic definition of "debt" may be the same, your personal debt can only be resolved by paying it off or declaring bankruptcy. You cannot devalue the currency until an old debt is inconsequential, you cannot offshore debt value, you cannot simply jettison debt through declaration, or several other means the federal government has either by itself or with other constructs to reduce or eliminate standing debt. Thinking of federal spending like a personal checkbook is how the citizens of this country have been getting duped by crafty politicians and banking elite.

Go you!

-John