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...never a limit on how much folks can borrow from themselves. imho it's not really "debt", it's just pretending to have lots of money saved when you actually already spent it.

Isn't that how too many American households do it??
Now....where did I put that picture of the house of cards....?

folks can borrow from themselves

house of cards

It's not unstable at all. Watch: I will now loan myself four trillion dollars. [...write write write write... ]. There. I'm now rich becuase I have a signed IOW for $4,000,000,000,000! Not only than but I got excellent credit because I'm able to borrow $4,000,000,000,000! On top of that, I'm perfictly solvent becuase I can pay off my entire debt --watch me: [...rip rip rip... ] and now I have not only paid $4,000,000,000 to cancel all may debts but I've also just had a $4,000,000,000,000 income from the paying back of loans! Ya know, I could do this all day long --is that stable or what?

The only problem I see is it's goofy as all hell and pure fiction. Our U.S. gov't says that there's plenty of money in the social security lock box and any talk about the gov't owing itself $5T has to involve very big words so everyone gets bored. imho they should just admit they spent the social security payments and they're expecting the next generation to support someone else's mom&pop so they'll have less money to support their own mom&pop.

Ya know, I really prefer clarity. Meanwhile I'm still trying to figure out why each and every average citizen of Kazakhstan has decided to loan out of their own pockets $1,500 (from every man, woman, and baby Kazakhy) to the U.S. just so we can be able to pay for both midnight basket ball and a Laurence Welk Museum in North Dakota.