(and your chicks for free)
Not Dire Straits, but a well respected economist called Steve Hanke of Johns Hopkins University
Of course the US isn’t paying one-fifth of its tax revenue on interest - it just prints more dollars to pay that. Classic Ponzi scheme:
Wow!! Are you saying Microsoft has no assets? Its all in worthless dirty paper?
No. I don’t think its a Ponzi scheme. You can debate the accuracy of current market value. But it is not worthless. It is worth whatever some buyer is willing to pay.
Just watch the debt-to-GDP ratio.
If we continue to reindustrialize the US all else is of little consequence in this discussion.
The same people who are crying wolf would not have a factory buildout.
Just like the next (Ponzi scheme) investor.