2024-10-22 04:33:26
Sovereign debt is nothing like personal debt and the US simply can’t go into “bankruptcy” in the same way an individual can. This is a fundamental misrepresentation of the national debt. [Link] NEEDS_MORE_RATINGS(8-1-31) Author
2024-10-22 10:59:55
NNN. Clearly a personal opinion, for one. For another, it expresses a factually correct claim. Debt is debt, no matter what form it takes, and spending more than you earn inevitably leads to some kind of bankruptcy. NEEDS_MORE_RATINGS(14-0-3) Author
2024-10-23 02:13:24
Proposed note is an opinion not a fact. Governments can in-fact and have gone into Sovereign debt crises due to inability to service their debts which meets the definition of “Bankruptcy.” Recent examples: Greece (2012 & 2015), Cyprus (2012), Argentina (2020), Zambia (2020). [Link] NEEDS_MORE_RATINGS(7-0-1) Author
2024-10-23 06:56:58
NNN - A country can absolutely go bankrupt, in the sense that it gets too much debt, its currency devalues and its economy flattens. Which is what the post is saying. No note needed. NEEDS_MORE_RATINGS(4-0-1) Author