10/2/2023, 11:27:41 AM ยท 32 of 51As to "ample abilities" to "service" debt, most Americans haven't ample abilities of which you write.
Worldtraveler once upon a time to SpeedyInTexas--- "US National Debt doesn't need to be paid off. Just serviced. Ample abilities to do that." Did you really opine in this manner? Wow.
"A perpetual bond is a bond with no maturity date that theoretically pays interest forever." So you think US citizens should be in perpetual debt and only "service" the debt? Others call that involuntary servitude.
An Overview of Perpetual Bonds - Investopedia
US median per capita $65K Less than $50k -- 60.96% of population. CircaYou care and concern for the majority of Americans is very poor indeed. Let them pay -- sorry, "service" -- debt forever, and into succeeding generations who will have had no vote in this.
$50k-$100k -- 24.61% of population.
More than $100k -- 14.43% of population. Source: https://en.wikipedia.org/wiki/Personal_income_in_the_United_States
If you have citations and URLs to bolster your economic outlook as you have citations a plenty about the Ukraine-Russia Twitter war, you might wish to do more than merely assert... "US National Debt doesn't need to be paid off. Just serviced. Ample abilities to do that." Please prove your assertion.
Now, go away kid, ya bothering me.
“Here’s why the US doesn’t have to pay off its $31 trillion mountain of debt, according to Paul Krugman”