4707 What’s in the $900 billion coronavirus relief deal Congress just brokered (justthenews.com) 🐓 tendies 🍗 posted 115 days ago by libman 115 days ago by libman +4707 / -0 789 comments share 789 comments share save hide report block hide child comments Comments (789) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 4 ▼ – 4Godand4Country 4 points 115 days ago +4 / -0 Who can? permalink save report block reply ▲ 10 ▼ – deleted 10 points 115 days ago +20 / -10 ▲ 2 ▼ – hectorspector 2 points 115 days ago +2 / -0 The problem with your theory is that any nation can get out of debt immediately. What they can't do after defaulting on all their debt is borrow more. If you owe the bank $100,000, the bank owns you. If you owe the bank $100,000,000, you own the bank. permalink parent save report block reply ▲ 1 ▼ – deleted 1 point 115 days ago +2 / -1 ▲ -6 ▼ – deleted -6 points 115 days ago +2 / -8
Who can?
The problem with your theory is that any nation can get out of debt immediately. What they can't do after defaulting on all their debt is borrow more.
If you owe the bank $100,000, the bank owns you. If you owe the bank $100,000,000, you own the bank.