Comment Re:Citizen of Belgium here (Score 1) 1307
we balance our budget and live within our means
Not really, the US federal government spends $1.00 for every $0.60 it raises in revenue.
Government budgets are not household budgets, national debt does not operate like a giant credit card. The shortfall in revenue is made up by the US FED printing money and exchanging it for US treasury bonds, US treasury bonds are considered "safer than gold" by the market because they never default, they never default because they are paid in US dollars which they can always obtain from the FED simply by issuing more bonds.