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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (698189)2/10/2013 2:05:20 PM
From: combjelly  Read Replies (2) of 1575142
 
an get this straight: You are claiming that Medicare and SS, which are between 60 and 100 Trillion in debt depending on how you count it, are not the primary drivers of American debt?


That isn't current debt, but future obligations. Which may or may not be incurred. A country is not a business. You have to assume a business can go out of business at any time. You don't have to make that assumption with a country. If it does the equivalent thing of going out of business, there is no one to pay those obligations. Given that a country has taxing authority, it does have ways to pay those obligations when they come due. It can even change the terms of those obligations if need be.
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