What was the debt service delta between those timelines and today?
What was the debt service delta between those timelines and today?
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I’m not sure which of my posts you’re talking about.
My assumption is the one on US Federal Debt history & deflation.
I can’t answer your question because the “debt service delta” terminology is an unfamiliar one.
Our Federal debt records go back to the founding of our nation and are still being recorded with every Monthly Treasury Statement.
One of the most important and undervalued aspects of our Constitution that doesn’t get talked about is a section in Article 6 on debt.
“All debts contracted and Engagements entered into, before the Adoption of this Constitution, shall be as valid against the United States under this Constitution, as under the Confederation.”
This doesn’t seem like much....meh...but it tells me a lot:
The United States, no matter the name or time period is a producer nation that pays the debts and obligations it owes.