Realistically do ya'll think the U.S. can ever get out of debt
- Thread starter Vonte3000
- Start date
ill
Superstar
Vonte3000
Chance 3 :wow: :blessed:
Vonte3000
Chance 3 :wow: :blessed:
What you mean why? That's 17 trillion we can't just leave it, we gotta pay it eventually or do somethin about it
ill
Superstar
A libertarian who doesn't understand capital markets?No...
...and while the horror of deficit spending may be overstated, I do believe one should have money before one spends it
Color me SHOCKED
Domingo Halliburton
Handmade in USA
something seriously wrong would have had to happen to our country. All countries and big FIs are at US treasury auctions like
despite the historical evidence and the overwhelming number of economies that debt has crippled in the past, most people in the united states somehow think we will be spared due to the fact the world economy is too dependent on our currency. which, for now, is true.
but eventually the music will stop, the quality of living will drop significantly, and sh*t is going to escalate. but most folks won't care about this until it affects them directly.
funny thing is, the united states has been using debt as a weapon against other countries for decades, crippling foreign economies and making them subservient to US economic interests.
but yet most folks don't recognize when its being done to us.
but eventually the music will stop, the quality of living will drop significantly, and sh*t is going to escalate. but most folks won't care about this until it affects them directly.
funny thing is, the united states has been using debt as a weapon against other countries for decades, crippling foreign economies and making them subservient to US economic interests.
but yet most folks don't recognize when its being done to us.
A libertarian who doesn't understand capital markets?
Color me SHOCKED
Why don't you explain to me what I am wrong about?
Spidey Man
Superstar
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. In addition, if they did, they would get a healthy dose of freedom and democracy from the pacific fleet and our friends in Japan who hold just as much debt.
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.
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.
We can't pay it back. We have been off the gold standard for decades now. America is about to go broke on paper. The new world order will soon get their way but America has to fall first. After that you will have a one word govt, one world currency and a one world religion.
LordTaskForce
All Star
for some reason I thought you wrote it as percentage of federal spending. anyways, ideally you want a better ratio but the change of presidency didn't miraculously change those numbers. GDP is hardly determined by the federal government alone or is even a sign of an efficient government. (Not saying you were suggesting that but just thought I'd add)
