Thread: It's finally over

Bro, we're in debt. We aren't sunk yet, and we aren't going to sink. We aren't bankrupt, we aren't foreclosed. The war did not kill our country. Chill please.

Originally Posted by Mario92

Bro, we're in debt. We aren't sunk yet, and we aren't going to sink. We aren't bankrupt, we aren't foreclosed. The war did not kill our country. Chill please.

The only reason we aren't "bankrupt" is because congress has been feverishly raising the debt limit moments before we reach it. No country that has its own currency can ever go bankrupt by the standard definition. Our debt now is at about 93% of our GDP, however. This means that we owe almost as much as our entire country is able to produce in an entire year. This is not a sustainable path to be on, and amounts to virtual bankruptcy.