(08-08-2018, 04:03 PM)jj82284 Wrote:

(08-08-2018, 01:34 PM)mikesez Wrote: You're proving my point.
You were trying to inspire panic based on a stand-alone statistic such as your alleged "unfunded liabilities". 
There is much more to the story, as I revealed, and as you are now revealing.

So me illustrating the foundational reasons why our current debt will lead to a sovereign debt crisis proves "your" point....   Mmmmmmkay.

For each of those four, I could give you a reason I think it's not as indicative or meaningful as you think.  I don't want to bore you with that because then you would just come back with reasons why you do think it's meaningful.  I don't think you have challenged yourself adequately.
For instance, and this is just a homework question, don't reply here, what is a "sovereign debt crisis"? Is there a coherent definition? Have they happened often enough in history that we can make meaningful statements about what causes them, or is each one different from the next? Do you have convincing answers to those questions? Unless you've done better than Harvard or UChicago, you do not.

---