> When you are spending more money than the money coming into the system, which happens with almost all socialist systems
You mean, like the USA?
You mean, like the USA?
The United States can spend according to their projections for the value of US Treasury Bills. US Treasury Bills, in turn, are an investment in the future US economy as a whole. The connection between them is fuzzy and distant but at least in theory the government is run on tax-receipts even though T-Bills are doing so well they are self-sustaining.
Venezuela was borrowing against their own future and their economy was tied up in energy. They are in a different situation.
If only the debt/GDB ratio wasn't growing over the years...