Quote:
Originally Posted by Mr.HappySilp
I rather Canada be the nation to lend other nations money rather than the ones to be borrowing. When you have money to lend to other nations you have power over them and more leverage over them.
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Lol this is not how it works. China and Japan owns trillions of US debt. Does that means they have leverage over US? Not really. It is a double-edge sword for them. If they dump US T-bills, they are fucked too. It's a lose-lose scenario. They have incentives to hold on to them and receive payments.
US spent most of its years in deficit, saved for a brief period under the Clinton administration. Being in deficit alone isn't a bad or good thing. The US debt clock? Nobody worths any salt would give a shit. But politicians like to parade that to the unwashed because to them, debt = bad.
Trudeau used the same tactics to get votes, now the opposite use the same tactics. If you buy into that shit, the jokes are really on you.