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re: POLL: Will the US default?
Posted on 10/16/13 at 9:14 am to PrivatePublic
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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