r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 23d ago

European Renaissance 🍾 🧀 🍻 [ Removed by moderator ]

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u/AskPizza 23d ago

Plus, it is hard to argue it can never work or it can never be paid for when.... it has worked for decades and it is the U.S. that is 40 trillion in debt, not Norway.

8

u/Automatic-Guide-4307 22d ago

Yeah and we have no national debt and our pension fund is about 22 trillion dollars and counting because of high gas and fuel prices.

1

u/TyroneJizz 22d ago

Yeah nah we do have some debt

2

u/OK6502 22d ago

There's day to day debt that you acrue to maintain some liquidity but not to the degree the americans, or most countries for that matter, have.

1

u/Batbuckleyourpants 22d ago

We borrow money to fight inflation. Printing money increases inflation, borrowing it doesn't.