Serious Q: Is national debt really just going to go up forever?
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Date: February 23rd, 2018 1:33 AM Author: Trip Locus Legend
yes, and not a single democrat and barely any republicans care. the end result will be hyperinflation or default on the national debt.
the nation's indifference to the spiraling national debt is, to me, one of the primary signs of the decadence and degradation of this country.
XO is a microcosm of this. almost no one here cares either.
(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467511) |
Date: February 23rd, 2018 2:26 AM Author: Carmine 180 address
no problem with de facto Consol bonds
I mean the British Empire is still paying off Consols that they issued back in the Napoleonic wars.
(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467693) |
Date: February 23rd, 2018 10:08 AM Author: Bateful underhanded dog poop piazza
as long as oil is traded in dollars and we back that up with the US military, and ARE idiot government doesn't do anything stupid like default on the national debt, I don't think this will trigger the next crisis
there's always the possibility some Eurotrash country's debt takes a shit and there's a cascade effect I guess
(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468587) |
Date: February 23rd, 2018 10:35 AM Author: ruby regret
For people who don't get why this matters:
https://www.cbpp.org/research/federal-budget/policy-basics-where-do-our-federal-tax-dollars-go
"Interest on debt: The federal government must make regular interest payments on the money it borrowed to finance past deficits — that is, on the federal debt held by the public, which reached $14 trillion by the end of fiscal year 2016. In 2016, these interest payments claimed $240 billion, or about 6 percent of the budget."
Note that this is just interest. Just do piss away $240 billion/year, bro.
(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468766) |
Date: February 23rd, 2018 11:33 AM Author: Nudist Goal In Life
We could literally print the money at any time to pay it back.
So basically it'll just eventually cause some inflation.
But society will be unrecognizable before this happens
(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35469233) |
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