[quote=SD Realtor]Of course interest rates are determined by many things, not just the size of the debt. However by all of the factors that are used to determine those rates, we don’t really measure up very well.
You seem to have an attitude that we are untouchable, that the USA is this economic force with no soft underbelly. That there are simplistic solutions like hitting a reset button and printing money or buying our own debt and retiring it will work out. What you fail to see is that there is not an easy solution, and you can convince yourself that there is. Good man.
Doesn’t seem like many people are buying into your logic.
Once upon a time the US dollar was not the reserve currency of the world. Our relative dominance as an economic force has been a blink of an eye temporally. It can be screwed up pretty damn quickly.[/quote]
So you can’t show me an example of a country that was similarly situated as the U.S. and that ended up destroyed due to large deficits (Japan is a very good counterexample), but you are certain that large deficits in the U.S. will lead to disaster. Your logic is bulletproof.
