LogFAQs > #973647923

Tyranthraxus posted...

Why? If there's a high demand for bonds that means there's a lot of faith in the US Government ability to make good on those bonds when they reach maturity.

For how long will that last?

I'm not willing to risk it while the National Debt is growing exponentially.

That happens every year that we don't have a surplus. Note that surplus and borrowing are non exclusive discrete things. You can have a budget surplus and still borrow at the same time. That's actually the ideal situation but in order to get that surplus you have to raise taxes, cut spending, or both. I hear that Bernie Sanders guy has a few good tax ideas that could help us get a surplus.

Or you can make the Rich actually pay their fair share and not escape with their tax money avoidance.

Make actual spending cuts where it matters and work on spending efficiency and graft.

There is no debt bomb. The bomb is if the government defaults. Then we, who have been graciously lending money to the government the whole time, won't get paid.

Other governments have defaulted when their National Debt and loans grow to high.

Our National Debt is growing WAY too fast, and nobody seems to be worried about it.

And the default, btw, is completely a self inflicted wound. We have the ability to pay, we just aren't because chuds in Washington DC would rather destroy us internationally than let people get affordable health care.

The Health Care problem is far more complex than your simple suggest of "Affordable Health Care".

It's a far more complicated beast to tame.

That would require the US to get Politicians to stop allowing Corporations to bribe Capitol Hill and allowing them to get away with charging the US public with obscene amounts of money for drugs & medical innovation and regulate the hell out of all medical services, drugs, & treatments.

But nobody seems to want to reign in the profiteering of big Pharma & the Medical Services and what they can obscenely charge any Health Insurance.

Go read this article:
https://www.washingtonpost.com/opinions/2022/11/29/us-health-care-expensive-indispensable-nation/

The fact that we aren't regulating the hell out of everything, while every other country gets massive bargaining power over the big Pharma & Medical companies is problematic to say the least.