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re: POLL: Will the US default?
Posted on 10/16/13 at 9:09 am to Duke
Posted on 10/16/13 at 9:09 am to Duke
quote:
How are we as a population finite and how is the debt "infinite"?
As a population, we are bounded by land and resources. Birth rates are on a major decline, and if not for immigration, our population would actually be declining the last few years.
And our debt is infinite because it has no limit (we keep raising it)
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Posted on 10/16/13 at 9:14 am to PrivatePublic
quote:
As a population, we are bounded by land and resources. Birth rates are on a major decline, and if not for immigration, our population would actually be declining the last few years.
Of course I understand that. We have immigrants though. We are still the biggest economy in the world. There's plenty of potential for growth out there. Of course there is a limit to the population we can support, but I don't believe we're there yet. (Yes though, finite is by definition true)
quote:
And our debt is infinite because it has no limit (we keep raising it)
It has a limit. Sure it's about the time we can't pay it off and default, but there is a limit to how high it can go. (I love semantics)
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