That looks scary, I need to pick up my bucket.
That looks scary, I need to pick up my bucket.
6 months would be an improvement
You’re both wrong it is a gas
You know when you are screwing in a blub without turning off the switch how the blub will blink a few times while you are screwing it in? Most electronic don’t like that.
If the government just prints a bunch of money to pay off their debit then each dollar is worth less than before. Plenty of countries have done it and almost always results in hyperinflation. The simple way to understand this is say, everyone has a dollar so very few things will cost more than a dollar, but if you started handing everyone $100 bills then people will see the value of a single dollar as being lower and start charging more for their goods and services. There are other things that go into hyperinflation but this is the explain like I’m 5 answer.
Now the government is basically paying its bills with a credit card and businesses and other countries own the debt betting that the US will keep paying towards its debt plus interest. If the government stops paying then fewer countries and businesses will be willing to offer credit. And once you run out credit then you have to start printing more money instead of adding more debt.