Realistically do ya'll think the U.S. can ever get out of debt

[Chief]

Governments never have to pay back debt. If the interest payments don't take up too big of a chunk from the budget all is good.

 

[OsO]

The good news is that the vast majority of debt is held by the American people which gives the country room to move. China, the largest foreign holder of debt, doesn't hold enough to actually harm the country too badly. China would crash their economy if they tried to call in the marker.

they're not going to "call in the marker" so to speak. they're going to slowly and gradually increase their influence over united states assets and resources, and start dictating more of our economic policy. this is the long game.

In addition, if they did, they would get a healthy dose of freedom and democracy from the pacific fleet

The amount of foreign debt can be paid. Bill Clinton set up a program to start paying it off, but it was derailed by bush. It'll take a lot of time but as long as they keep the deficit in check it is manageable.

breh, remember corporate interests run our government now, and they have no interest in minimizing the deficit. they have the green light to disregard laws and regulations, print free money, do whatever the f*ck they wanna do with no penalty. and everybody is trying to get a piece of the action.

people are using the mechanisms of the government to enrich themselves and their circles. same story since the beginning of time.

 

[OsO]

at dudes in here thinking our excessive debt that is increasing exponentially is not a problem. yall coli economists be killing me

name one country in history that has ever outran an excessive debt like this. it always catches up to the country, and when it does they have to hit the reset button. and there's absolutely no doubt that if we stay on this trajectory it will catch up to us. debt has been killing countries for CENTURIES and the US is not exempt.


i think the problem is that people in the united states think as a country we're "too big to fail." they think because of our superior position that we be cant be dethroned. the ego

empires way bigger than the US have come and gone. we are not special.

 

[Futuristic Eskimo]

What you mean why? That's 17 trillion we can't just leave it, we gotta pay it eventually or do somethin about it

You roll the debt over. Its not like a bill for 17 trillion is coming next week.

Also, why do people think china can call in our debt? They own a portfolio of fixed maturity bonds. The only thing they could do is sell them, which would not go over well with their export driven economy.

 

[Loose]

no time soon unless the value of the dollar drastically drops then we will take huge measures to pay back a few trillion

 

[DEAD7]

i think the problem is that people in the united states think as a country we're "too big to fail."

Exactly.

 

[Jhoon]

But if relations between countries go completely sour and these nations decide to pull all investments from the united states, it could be crushing, friend.

Lets say it goes really bad, how are they gonna collect their guap? This country can have a ship at any shore in about 20 mins.

You want your money? Here"s your money.

 

[Mr. Somebody]

Lets say it goes really bad, how are they gonna collect their guap? This country can have a ship at any shore in about 20 mins.

You want your money? Here"s your money.

There are a lot of companies that owe them money so they call debts on those companies first and if they dont comply begin crushing their foreign labor markets that fall under their sphere of influence.

Second or first Pull money from stock market and various businesses that provide basic necessities for citizens because various companies are being propped up and held together by their investment.

Right there you have a complete collapse of a large number of important businesses. If any of those businesses are banks, you have a lot of banks, collapsing, which is obviously a problem since banks will be giving away your money to pay foreigners to avoid collapsing.

Lastly.

They destroy things and incur costs on their perceived enemy in relation to the debt they owe and then just take a loss.

At the end of the day people only need food clothing and shelter, not electronic gadgets and disposable products.

I dont believe chaos is worth not paying your debts.

Its so demonic, friends.

 

[blackzeus]

One day countries may not have money to lend And yes, you shut down Pentagon and the pork projects you could probably eliminate the debt within 5-10 years, it wasn't that long ago we had a budget surplus under Clinton

 

[Domingo Halliburton]

no time soon unless the value of the dollar drastically drops then we will take huge measures to pay back a few trillion

if the dollar drops it just helps us pay it back. they bought our bonds and would now be paid back with dollars worth significantly less. it screws them. they don't want the dollar to fall.

One day countries may not have money to lend And yes, you shut down Pentagon and the pork projects you could probably eliminate the debt within 5-10 years, it wasn't that long ago we had a budget surplus under Clinton

just because you run a surplus does not mean you're paying off the debt.

 

[Domingo Halliburton]

at dudes in here thinking our excessive debt that is increasing exponentially is not a problem. yall coli economists be killing me

name one country in history that has ever outran an excessive debt like this. it always catches up to the country, and when it does they have to hit the reset button. and there's absolutely no doubt that if we stay on this trajectory it will catch up to us. debt has been killing countries for CENTURIES and the US is not exempt.


i think the problem is that people in the united states think as a country we're "too big to fail." they think because of our superior position that we be cant be dethroned. the ego

empires way bigger than the US have come and gone. we are not special.

well let's take it from a real economist and not the coli economists:

"A government cannot become insolvent with respect to obligations in its own currency. A fiat money system, like the ones we have today, can produce such claims without limit.”

the idiots who run into trouble (Argentina) either peg their currency to ours or don't use their own currency (Greece)

 

[OsO]

well let's take it from a real economist and not the coli economists:



the idiots who run into trouble (Argentina) either peg their currency to ours or don't use their own currency (Greece)

look our debt is obviously an issue. but it's not our biggest issue. our biggest issue is the corporate takeover of the government and all the negative consequences that come with it. the unregulated financial sector, the lack of production and massive outsourcing of manufacturing, the lack of economic infrastructure, massive privatization of government responsibilities, even our massive and ever increasing debt... all are largely bi-products of the corporate takeover.

im not going too deep with this cause i been sayin this stuff for years. but it's quite clear to anyone with common sense that we cannot sustain on this economic trajectory. some middle and upper class folks will barely feel the ripples, others will actually get more rich during this period, but the majority of people, especially poor people and people on the fringes of the working class, are going to get hit hard.