It's hard to get a revolution going when there is a $37 trillion federal debt. How can government serve the people? We can't really pay it off now, over $300,000 per working taxpayer. Somehow that's got to get resolved before we can reset to a new vision.
I don't think this debt will ever be paid off. Unless a dramatic systematic change, I dont think the current setup will be able to pay any of the debt.
The value of the debt (ppp) will be debased and disappear by amortization at a point in time. The losses will be democratized and the population will suffer and pay for the mistakes or lack of responsibility by former generations
It's a good question regarding revolution. And the best answer is Russia's and China's history in the 20th century. We have a vision of a revolution like something that happens from one day to another. But both Russia and China had decades of struggles and building people capable to lead but also to support their process. I don't think the oligarchs in any country are worried about paying the debt. They know they and their heirs are secured for generations.
It's hard to get a revolution going when there is a $37 trillion federal debt. How can government serve the people? We can't really pay it off now, over $300,000 per working taxpayer. Somehow that's got to get resolved before we can reset to a new vision.
I don't think this debt will ever be paid off. Unless a dramatic systematic change, I dont think the current setup will be able to pay any of the debt.
The value of the debt (ppp) will be debased and disappear by amortization at a point in time. The losses will be democratized and the population will suffer and pay for the mistakes or lack of responsibility by former generations
It's a good question regarding revolution. And the best answer is Russia's and China's history in the 20th century. We have a vision of a revolution like something that happens from one day to another. But both Russia and China had decades of struggles and building people capable to lead but also to support their process. I don't think the oligarchs in any country are worried about paying the debt. They know they and their heirs are secured for generations.