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Forums - General - Great info in healthcare bill (really). And an apology.

HappySqurriel on 23 March 2010
MontanaHatchet said:
TheRealMafoo said:
Kasz216 said:

Reagonomics worked. He just decided to combine it with a lot of wastful spending.

Yes and no. What he did, was outspend the Russians in an attempt to bankrupt them. It worked, and if that's all we did, we could have gotten out of it.

In the end though, he might have bankrupted us both. Time will tell. 

Difference is that Russia has a very small national debt, and ours is massive. 

If it was a contest, they won.

This is (in part) because Russia defaulted on its sovergn debt in 1998 ... While it may not be popular, I'm thinking more and more every day that most countries would be better off in the long run if they defaulted on their National debt; and confidence in government bonds fell to the extent that it became (nearly) impossible for governments to run large deficits.