"The U.S. is over 8 trillion dollars in the hole. $8,000,000,000,000. Eight million billion.
If you were 100,000 thousand dollars in the hole, would you be considered solvent?
Solvent? By whose standards?"
If you were making $120,000 do you think you could manage an $80,000 low interest loan? If you couldn't, you'd probably never buy a home. Our GDP is nearly 12 trillion dollars and we're carrying 8 trillion in debt, we'll be fine.
Thanks. I hope you're right.