Originally Posted by
Daytr
You could go on all day I'm sure you typically do,
but unfortunately that doesn't pertain to quality.
The growth rate of US debt is becoming a problem. Debt is growing at a much faster rate than GDP.
Many of those assets you refer are liabilities, I.e they cost money to maintain and don't provide revenue.
Yes they can raise taxes as at the moment they are spending a lot more than they are receiving, however there is no political will to do so.
They can keep on printing money, but will be wary of doing that after the recent inflationary environment.
If the debt keeps climbing at current rates their will be further sovereign debt rating downgrades and that's when it starts to become a real problem.