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1. dawnbreez (dbrz@unsafe.space)'s status on Sunday, 26-Mar-2017 17:05:30 UTC dawnbreez

   • Constance Variable
   I had a thought while reading this book @lambadalambda told me about.
   
   Why the fuck did anybody think spending money the US didn't have was a good idea? By their very own admission, one must pay one's debts; and the United States Government has a lot of debts. We might as well be standing out in an open field during a thunderstorm shouting "BET YA CAN'T HIT ME!".
   
   And yet nothing's collapsed yet. Well, for a certain definition of 'collapsed'. And all this because, as usual, the sort of person who seizes power is not the sort of person who uses it responsibly. Rather than wait for funds to grow, these men throw money they don't have at problems that don't need solving, presumably so they can take home the surplus.
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   • Constance Variable (lambadalambda@social.heldscal.la)'s status on Sunday, 26-Mar-2017 21:49:22 UTC Constance Variable

     in reply to
     @dbrz this is a very business economic view of debt, the national economic view isn't necessarily the same.
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   • dawnbreez (dbrz@unsafe.space)'s status on Sunday, 26-Mar-2017 21:55:21 UTC dawnbreez

     in reply to

     • Constance Variable
     @lambadalambda Still seems like a bad idea to me. If you spend what you don't have, well, someone's gonna collect on that eventually.
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   • Constance Variable (lambadalambda@social.heldscal.la)'s status on Sunday, 26-Mar-2017 22:01:36 UTC Constance Variable

     in reply to
     @dbrz as long as you never have to pay more interest than the increase of the gross domestic product, you'll always be able to handle it. State debt isn't necessarily meant to be paid back.
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   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 01-Apr-2017 13:00:23 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to

     • Constance Variable
     @lambadalambda @dbrz Sometimes, a government not being able to repay causes hardships worse than what would happen if they avoided debt in the first place.
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