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Here’s a simpler explanation…60% of households pay - no income taxes, so they don’t care.

Posted: Oct 11th, 2021 - 2:38 pm In Reply to: DEBT CEILING ANALOGY - Maybe this helps with understanding.

Half receive benefits, so they don’t care.

The government borrows, the Fed buys the debt, and no one cares.

It will never be repaid, and no one cares.

People who abuse credit see nothing wrong with a government that abuses credit.

The average American could care less.

I have been told that a large number of the public is incapable of understanding this analogy. If that’s true, there’s no hope whatsoever.


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