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Serious Q: Is national debt really just going to go up forever?

Will nobody ever come to collect??
Henna blood rage spot
  02/23/18
China will outsource collection to guido loan sharks. They w...
Disturbing Den Private Investor
  02/23/18
It's just numbers on paper.
Copper violent milk
  02/23/18
yes, and not a single democrat and barely any republicans ca...
gaped base
  02/23/18
all countries are doing it. LOL when this thing implodes.
Heady hyperactive set
  02/23/18
that's not an excuse, and yeah -- weimar republic but on a w...
gaped base
  02/23/18
Hold BTC and keep your bags packed or hold gold and keep you...
Sadistic crystalline stead french chef
  02/23/18
there's nowhere to go other than south island new zealand an...
gaped base
  02/23/18
Do you have guns?
Henna blood rage spot
  02/23/18
i have three identical AR15's that i almost never shoot, no ...
gaped base
  02/23/18
It's odious debt anyway and paying it back would be a worse ...
Effete brilliant sandwich stage
  02/23/18
It will be inflated away
Bisexual Stubborn Incel
  02/23/18
no problem with de facto Consol bonds I mean the British ...
vibrant zippy garrison yarmulke
  02/23/18
The U.S. has been spending beyond its means for a long time....
cracking naked mother
  02/23/18
Generally speaking creditors get nervous when a country's de...
cracking naked mother
  02/23/18
...
gaped base
  02/23/18
the national debt doesn't matter
Charismatic Amber Ratface
  02/23/18
(Dick Cheney)
Lascivious stock car
  02/23/18
nobody has presented a cogent argument for why it matters. ...
Charismatic Amber Ratface
  02/23/18
You are consistently wrong on absolutely everything.
irate rough-skinned library
  02/23/18
Eventually you owe so much that you own the bank
Well-lubricated shrine
  02/23/18
as long as oil is traded in dollars and we back that up with...
metal abode
  02/23/18
75% of GDP doesn’t really seem that high. Most of Europe is...
dun soul-stirring legal warrant
  02/23/18
For people who don't get why this matters: https://www.cb...
irate rough-skinned library
  02/23/18
So we pay 1.7% interest on the debt and the interest payment...
dun soul-stirring legal warrant
  02/23/18
"half of a percent of our total federal budget" ...
irate rough-skinned library
  02/23/18
We could literally print the money at any time to pay it bac...
Silver startled whorehouse
  02/23/18


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Reply Favorite

Date: February 23rd, 2018 1:29 AM
Author: Henna blood rage spot

Will nobody ever come to collect??

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467493)



Reply Favorite

Date: February 23rd, 2018 1:30 AM
Author: Disturbing Den Private Investor

China will outsource collection to guido loan sharks. They will break some thumbs at the Treasury Department and Congress.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467500)



Reply Favorite

Date: February 23rd, 2018 1:32 AM
Author: Copper violent milk

It's just numbers on paper.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467508)



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Date: February 23rd, 2018 1:33 AM
Author: gaped base

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)



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Date: February 23rd, 2018 1:35 AM
Author: Heady hyperactive set

all countries are doing it. LOL when this thing implodes.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467519)



Reply Favorite

Date: February 23rd, 2018 1:37 AM
Author: gaped base

that's not an excuse, and yeah -- weimar republic but on a worldwide scale

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467523)



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Date: February 23rd, 2018 1:38 AM
Author: Sadistic crystalline stead french chef

Hold BTC and keep your bags packed or hold gold and keep your guns loaded

or both

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467528)



Reply Favorite

Date: February 23rd, 2018 1:39 AM
Author: gaped base

there's nowhere to go other than south island new zealand and i dont have the resources for that

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467532)



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Date: February 23rd, 2018 1:41 AM
Author: Henna blood rage spot

Do you have guns?

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467546)



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Date: February 23rd, 2018 1:41 AM
Author: gaped base

i have three identical AR15's that i almost never shoot, no handguns for now

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467551)



Reply Favorite

Date: February 23rd, 2018 1:50 AM
Author: Effete brilliant sandwich stage

It's odious debt anyway and paying it back would be a worse cure than the disease.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467591)



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Date: February 23rd, 2018 2:12 AM
Author: Bisexual Stubborn Incel

It will be inflated away

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467661)



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Date: February 23rd, 2018 2:26 AM
Author: vibrant zippy garrison yarmulke

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)



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Date: February 23rd, 2018 3:00 AM
Author: cracking naked mother

The U.S. has been spending beyond its means for a long time. While I'm no economic expert, I'm skeptical of the idea that you can get something for nothing.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467769)



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Date: February 23rd, 2018 3:04 AM
Author: cracking naked mother

Generally speaking creditors get nervous when a country's debt gets to a certain level relative to its GDP. While the situation with the U.S. might be a little different because of its preeminent position in the global economy, I find it hard to believe that there is no amount of debt that is too much.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467772)



Reply Favorite

Date: February 23rd, 2018 9:54 AM
Author: gaped base



(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468505)



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Date: February 23rd, 2018 10:03 AM
Author: Charismatic Amber Ratface

the national debt doesn't matter

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468562)



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Date: February 23rd, 2018 10:05 AM
Author: Lascivious stock car

(Dick Cheney)

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468571)



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Date: February 23rd, 2018 10:09 AM
Author: Charismatic Amber Ratface

nobody has presented a cogent argument for why it matters. they just screech about your personal share or national bankruptcy or greece or whatever

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468591)



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Date: February 23rd, 2018 10:30 AM
Author: irate rough-skinned library

You are consistently wrong on absolutely everything.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468731)



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Date: February 23rd, 2018 10:06 AM
Author: Well-lubricated shrine

Eventually you owe so much that you own the bank

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468577)



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Date: February 23rd, 2018 10:08 AM
Author: metal abode

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)



Reply Favorite

Date: February 23rd, 2018 10:28 AM
Author: dun soul-stirring legal warrant

75% of GDP doesn’t really seem that high. Most of Europe is higher, eg “thrifty” Germany is 70%—and fucking Japan is nuts. Shit even countries like Singapore which have reps for being well run—110%. U.S. household debt being back up over 13T is much more alarming. My question is what all did we do to take advantage of the stupidly low interest that was available for the past decade plus? Not enough of a public finance masterman to know about this, but if we got all our debt down to the stupidly low like below 2% not pegged to LIBOR levels that were available we should be happy to carry it and use any excess money to make the best available investments in growth (e.g. infrastructure). This is weirdly the one part of policy where Trump has some true expertise and could have a strong positive influence on policy thought.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35468716)



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Date: February 23rd, 2018 10:35 AM
Author: irate rough-skinned library

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)



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Date: February 23rd, 2018 11:25 AM
Author: dun soul-stirring legal warrant

So we pay 1.7% interest on the debt and the interest payment annually is a half of a percent of our total federal budget. Republicans are such fucking flamers both in the sense that they seek to create unnecessary panic about government debt and in the sense that they’re all gay and love to suck cock.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35469157)



Reply Favorite

Date: February 23rd, 2018 11:50 AM
Author: irate rough-skinned library

"half of a percent of our total federal budget"

6, actually.

(http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35469370)



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Date: February 23rd, 2018 11:33 AM
Author: Silver startled whorehouse

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)