re: #144 cliffster

Yes, there is. A government can sugar-coat its economic situation by debt-spending, and that debt can come back and bite it in the ass later. In fact, it will come back and bite it in the ass, it’s just a question of how hard it will bite.

Throwing out the fact that there is no one-to-one correlation between personal finance and government finance is just obfuscating the topic. Of course there is no one-to-one correlation. The only reason to make that argument is because you don’t want to argue with the actual substance of the topic.

Okay then lets talk about the substance.

How does the government make money to pay off this huge debt?

I think it does it through taxes, am I right so far?