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And you don't think a $31 trillion national debt is playing Russian roulette?

It's over $32 trillion now. All chambers in the revolver are loaded. It's just a matter of who pulls the trigger.


US national debt exceeds $32 trillion for first time

By Victor Nava
June 16, 202

https://nypost.com/2023/06/16/us-national-debt-exceeds-32-trillion-for-first-time/

It’s kinda a living debt.

I find this thread to be transitory.

I sure did when I bought my first two homes. But, that was for an appreciating asset that provided us with financial leverage- so it was also a good investment. But, at the very least, there is no financial leverage in an investment in our debt like the purchasing a home with a mortgage as most people do...

One party political control or one party veto power won't ever get everyone on the same page. Sad.

OTOH, there are some economists who believe our debt isn't that bad and that it shouldn't be evaluated based on "household budget" terms and "ideal spending habits" because they say it differs greatly in nature.

Nevertheless, it's got to be better with less to no debt, except for emergencies.

SINCE INFLATION IS A FORM OF TAXATION...INFLATION IS THEFT.

I've heard the FED target is 2% THEFT per year.

A civilized country would strive for 0% inflation or better yet money that increased in buying power. That would make normal people richer instead of making politicians and their cronies richer.

to the op...

debt must be paid, as anyone of decency (and means) or any proper society would agree.

I think the part not stated by spey is that paying the debt we have previously agreed to take on should be mutually exclusive from planning new spendings/budgets.
We should learn from the past, but we still owe it no matter what.

Future spending must be debated and blood may flow. That has a process and clearly needs tremendous improvement.

But pay your current debt, the one from earlier budgets and purchases that you failed to negotiate successfully. It's a matter of being honorable and trustworthy.

Don't try to negotiate the future by holding our already committed obligations hostage because you are weak at budgeting in the first place.

Cutting off your nose to spite your face, makes things worse...98.2% of the time.

ziiiiiiiiiiiiiiiiiiiiingggggggggggggggggg!

How many trillion can the pentagon NOT account for? Audit time.

Do I have to teach you everything Frankie?
I know the progtard explanation of why the rich get richer is the rich don't pay their fair share, but let's get into the real world, here's some solid explanations that are not too complicated.


Inflation 101: How the rich get richer

https://www.theunion.com/news/business/inflation-101-how-the-rich-get-richer/article_be3562d8-8786-5bb9-b8e1-ba4222b590de.html


The Secrets of the Rich: Printing Money and 3 Other Wealth-Stealing Forces
How to play by the rules of the richer to get rich—while others get poorer

https://www.richdad.com/secrets-of-the-rich

"Domestically, inflation is stoked by the Federal Reserve and the US Treasury borrowing money or printing money to pay the government's bills. That's why inflation is often called the "silent tax". Inflation makes the rich richer, but it makes the cost of living more expensive for the poor and the middle class. This is because those who print money receive the most benefit. They can purchase the goods and services they desire with the new money before it dilutes the existing money pool. They reap all the benefits and none of the consequences. All the while, the poor and the middle class watch as their buck gets stretched thinner and thinner."

According to that logic, climate change is transitory.

so the real answer, Mr. Astaire, is that there is no country in the world in at least over the last 100 years that would suit your theoretical standards.

And that's okay, cuz the rest of us will deal with reality without your participation.
But feel free to heckle from the sidelines.

you did not answer what was asked, you answered what you changed it to, as usual.

Sounds like we should add another 5 trillion in national debt so we can delay any bad consequences of proper budgeting. I vote for 36 trillion.

I'm tired of dancing with you Frankie, I answered your question, unless there was some secret question buried in there that I didn't see.

Let's review:

The only question you asked:
"an example of what country(ies) you were using as an example for us to emulate."
You didn't qualify that it had to be within 100 years of something. That would be silly because of the proliferation of central banks and fiat currencies during that time and the gradual disconnect of money from any sound anchor like gold.
It's just part of the dismal history of progressivism worldwide.

The answer I gave was The United States Pre-Fed (1890-1913). I could have given you numerous other examples but it's the same story. I could have gone way back before 1890 and shown more of the sad history of Central Banks, fiat money and inflation but I don't think you can handle it.

Why do you deny history and economics?