Fredflintstone
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The deficits are racking up.
Some experts estimate the entire debt in the US is 100 trillion.
Many argue that the US cannot go broke because they are the international currency. They can simply print off the money and pay the debt.
Some also argue that much of this debt is internal so it’s not a problem. For example, the fed lends to the treasury.
Currently the deficit is around 1 trillion a year.
Is this sustainable? Can the US go bankrupt? Which future generation will pay the price once the money tap runs out if ever?
Do you see hyperinflation from all this debt and money flow in the system?
Or, this is no problem. The US can run up debts because all they have to do is add numbers and pay it all off?
What are your thoughts?
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