Yes bobby, you are missing something. Your neighbor does not...

Yes bobby, you are missing something. Your neighbor does not have the ability to raise revenue by taxation. The US is the largest economy in the world and therefore has an enormous ability to raise revenue. Virtually all countries have ‘massive debts’ and the US is by no means the worst on a ‘per head of population’ basis. Furthermore, when the US Government auctions off Bonds there are no shortage of buyers....that is why interest rates on these bonds are so low.
A piece of advice: believing almost anything on the HC Gold thread is a wealth hazard.