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Serious Q: Is national debt really just going to go up forever?
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Date: February 23rd, 2018 1:29 AM Author: Ruddy gas station Will nobody ever come to collect?? (http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467493) |
Date: February 23rd, 2018 1:30 AM Author: Frisky aphrodisiac library degenerate 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) |
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Date: February 23rd, 2018 1:32 AM Author: sexy yellow space 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: soul-stirring den 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. |
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Date: February 23rd, 2018 1:35 AM Author: Insane church all countries are doing it. LOL when this thing implodes. (http://www.autoadmit.com/thread.php?thread_id=3901332&forum_id=2#35467519) |
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Date: February 23rd, 2018 1:37 AM Author: soul-stirring den 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: galvanic bbw organic girlfriend Hold BTC and keep your bags packed or hold gold and keep your guns loaded or both |
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Date: February 23rd, 2018 1:39 AM Author: soul-stirring den 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: Ruddy gas station 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: soul-stirring den 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) |
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Date: February 23rd, 2018 1:50 AM Author: orchid black woman 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: jet gaming laptop 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: titillating center travel guidebook 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. |
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Date: February 23rd, 2018 3:00 AM Author: Talented Gaped Party Of The First Part 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: Talented Gaped Party Of The First Part 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) |
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Date: February 23rd, 2018 9:54 AM Author: soul-stirring den (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: contagious market 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: ungodly thirsty temple hissy fit (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: contagious market 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: silver motley gaping 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: bespoke institution 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: underhanded giraffe resort 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 |
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Date: February 23rd, 2018 10:28 AM Author: bearded obsidian hall 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: silver motley gaping 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. |
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Date: February 23rd, 2018 11:25 AM Author: bearded obsidian hall 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) |
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Date: February 23rd, 2018 11:50 AM Author: silver motley gaping "half of a percent of our total federal budget"
6, actually. |
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Date: February 23rd, 2018 11:33 AM Author: judgmental laser beams 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 |