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A comment on Government to borrow nearly $1 trillion this year 84 percent jump from last year. Parent comment

Re:Government to borrow nearly $1 trillion this year 84 perc... by Feniks on Sunday February 04, 2018 @10:28PM (#16306399)
The US never pays back, they re finance the debts. Ad infinitum. I mean does anyone think that at this point the US could STOP the deficit? Let alone turn it into a surplus and start buying back debt?

US is too big to fail and rich people have to put their money somewhere. At least with US Treasury bonds you get a small but reliable return. So the train keeps going.

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Re:Government to borrow nearly $1 trillion this year 84 perc... by fencepost on Monday February 05, 2018 @01:39AM (#16307059)
It happened under Clinton, admittedly with the advantage of a roaring economy. I won't rule out completely out, though from today's viewpoint it certainly doesn't look promising.
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Re:Government to borrow nearly $1 trillion this year 84 perc... by Feniks on Monday February 05, 2018 @08:23AM (#16308570)
Well my country DOES try to balance the budget because otherwise the interest rates on the bonds we put out has to increase. But the US is special, it is virtually exempt from the normal laws of economics due to its superpower status.
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