Summer Help

[Biggd]

Originally Posted by jeffk

I can and it's not even a hallucination. Consider several European countries that are now on the brink of bankruptcy because leaders over promised benefits to people. Governments have limits on the amount of money they can pretend to have. They go into debt. Someone needs to pick up that debt. If the debt is excessive, creditors will not buy in because they know the government can go into default and they would lose their investment. Think Greece. They have had to be bailed out repeatedly in recent times.



Bad example. If you look at Greece, and many of the other countries in that predicament, the issue is really their poor record of collecting taxes to pay for their benefits plus to low employment levels.


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But we need the money for "space Force".