I'm opposed to debt jubilees. The reason is simple. One man's liability is another man's asset. If somebody owes money and defaults on the debt, it becomes a problem for the next person.
In 2007, the U.S. national debt was below $10 trillion, and the budget deficit was about $160 billion. Federal spending was about $3 trillion, and interest payments were approximately $400 billion.
• https://www.zerohedge.com,by James Howard Kunstler
"This is the weirdest era in human history. By far. Nothing else even comes close. Billionaires trying to kill everyone. Civil society unable to form a coherent thought..."
While Congress failed to pass a border security bill over the weekend amid a flurry of billions in international aid to Ukraine and Israel, they did set aside $3.5 billion for "Migration and Refugee Assistance" for the State Department to "address hu