Posted Apr 23, 2025, 9:33 PM
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Registered User
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Join Date: May 2007
Location: East OV!
Posts: 24,601
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Quote:
Originally Posted by someone123
Even in personal finance you can constantly have growing debt and increase your income/assets without going bankrupt, and in fact this is pretty common.
You borrow money for school, then you buy a car to get to work, then you buy a house. Maybe you increase your debt against your house, but by a fraction of its increase in value. You're a Boomer who buys at $80,000 and then in 2040 you kick the bucket owing $90,000 on a house that's worth $1.5M.
The big difference with the feds is they can create their own money and inflate away their debt.
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I realize that but I was specifically dumbing down the example to prove how silly the original point was.
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