AnonymityX1000
Veteran
Why would that happen when it hasn't already? The financial bailout in 2008 was the test, we lent banks 700 billion and no inflation. Why? We are not vulnerable because of one reason. Do you know what it is?
Does the US National Debt freak anyone else out?
- Thread starter Return of the Jedi
- Start date
It's something to deal with in the long term. But catastrophic climate change and healthcare are far bigger threats to prosperity if we're being honest. 
The debt can be dealt with gradually. But failure to fix healthcare means people die, and we're running out of time on climate change, so those have to be the priority.
The debt can be dealt with gradually. But failure to fix healthcare means people die, and we're running out of time on climate change, so those have to be the priority.
700 billion compared to 22 trillion, bruh.
I hear you and understand your logic, but a debt bubble burst and the economic collapse that would come from it (with no ability to spend our way out) would dash the hopes of fixing healthcare or addressing climate change. That's playing with fire, bruh.It's something to deal with in the long term. But catastrophic climate change and healthcare are far bigger threats to prosperity if we're being honest.
The debt can be dealt with gradually. But failure to fix healthcare means people die, and we're running out of time on climate change, so those have to be the priority.
Berniewood Hogan
IT'S BERNIE SANDERS WITH A STEEL CHAIR!
Which means we owe ourselves money. Which means nothing.
Jesus fukking Christ.
Stop falling for the billionaihs bullshyt. They want to kill medicare and social security because they're not satisfied with their billions. They each want to be the first trillionaih. They're all like Trump.
"Wow, folks. Isn't it amazing? I'm the first trillionaire. So great. So great. I'm so great, folks. You know..."
fukk 'em all.
AnonymityX1000
Veteran
Why is it 22 trillion? Can I get some backup for that figure?
Bottom line, there is no consequence from anyone in the world for our debt. No need to worry.
AnonymityX1000
Veteran
Didn't this already happen?
Secure Da Bag
Veteran
Bailout was 700 billion. Actual total debt is 22 trillion.
Secure Da Bag
Veteran
Why can't all departments have a budget freeze and increase the debt limit to only cover the interest? We'd save money that way, right?
It did, inability to pay debt from Subprime mortgages caused the housing bubble to burst. Imagine a sovereign government being unable to pay the interest on its debt AND it's social programs. It would make the Great Recession look like a joke.
Wrong forum
AnonymityX1000
Veteran
We will always be able to pay seeing as we print our own money. It's not similar to European countries who don't. And our debtors would give America literally a million chances to pay without consequence. That's how the debt gets so high in the first place, right?
Domingo Halliburton
Handmade in USA
Did you ever look at it as a percentage to gdp? Not nearly as bad as certain other countries like japan.
