And isn’t that the way you handle your finances? /s lol
Now that’s the kind of sarc I appreciate. : )
Congress raised the debt ceiling 78 times since 1917 (the year they gave themselves a no limit credit card.)
$14,000,000,000,000 trillion dollars later we can see this was not the best idea. 40 years later it is time to take the credit card away, even when it truly means defaulting on debt. Russia defaulted, and they are stronger than ever.
When you make an investment in a country or a company, you are taking a risk. For China, Japan, Saudi Arabia, who own plenty of US debt, that risk paid off for decades.
Arguably we went to war for Saudi Arabia, twice. Japan used to dump (below cost) products on the US for years to take market share from US companies. And China could buy the White House, rent it back to us and we can’t say a word cause we owe them trillions. This debt made us slaves.