Re: United States of America is about to run out of overdraft. LOL
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That's not what that means. "full faith and credit" is government speak for "My word is my bond". Isn't your word valuable to you?
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No, that's not what they are saying. They are saying that the ability to increase their level of debt is an asset. My word is only an asset if I can keep it, it is a liability when I cannot keep it. I don't increase the value of my word by increasing the number of times I borrow money, I decrease it by making it harder to pay back my initial promises as well as the new promises.
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