Why is no one talking about this, the US debt is unsustainable.
Why is no one talking about this, the US debt is unsustainable
On May 23, 1999, Hart fell screaming to his death in Kansas City, Missouri during the Over the Edge pay-per-view event.[59] Hart was in the process of being lowered via harness and grapple line into the ring from the rafters of Kemper Arena for a booked Intercontinental Championship match against The Godfather. In keeping with the Blazer's new "buffoonish superhero" character, he was to begin a dramatic entrance, being lowered to just above ring level, at which time he would act "entangled", then release himself from the safety harness and fall flat on his face for comedic effect—this necessitated the use of a quick release mechanism. It was an elaboration on a Blue Blazer stunt done previously on the Sunday Night Heat before Survivor Series in 1998.[55] While being lowered into the ring, Hart fell 78 feet (24 m), landing chest-first on the top rope (approximately a foot from the nearest turnbuckle), throwing him into the ring.[60]
>replebicans: we are the party of small government
>*expands government spending*
>*passes bills that encroaches on the constitution*
>*expands military spending YoY*
nothing personal kid
On the large scale, the debt can't ever be paid out
Debt only matters if other countries have leverage over you to enforce it. The thing is, the US is a very self sustaining economy, so what can other countries do? The US does not really rely on other countries for energy or food. The US' biggest reliance is cheap plastics from China, which is why they are currently trying to look for new hubs of manufacturing.
>lmaocrats: we are the part of the people
>*literally gives taxpayer money to non citizens and illegal aliens*
>*incentivizes freeloading off government gibs*
wew laddy
I've been talking about it for 25 years. No one listens.
It's the primary reason we need a Convention of the States to amend the Constitution. Someone has to get the Federal government under control.
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
>unsustainable
Nominal debt is an absolutely useless measure that media loves to whine about for easy clicks. The US can pay its debts just fine.
Since the advent of "brrrr" it doesn't matter any more.
It not even the debt per se, look at the federal budget deficit, do you think that is sustainable?
I really don't see the issue.
Worked splendidly last time we did it.
>modern monetary theory
money go brrrr
So if I pay that measly amount can the government just fuck off in my daily life?
US National Debt is irrelevant at this stage. There is too much to ever be paid back so all that matters is the ability for debt holders to use either economic leverage or military action to get their due.
The dwindling American people could literally never earn enough for taxes to cover the debt. The alternative is printing money to cover expenses, but using that money to buy back debt would be directly injecting global liquidity into the dollar and America collapsing from hyperinflation.
The debt will go away when America implodes and the Federal Government is disbanded, and the Chinese colonize our former territory after millions of private purchases buying our land up.
It's like about paying back the credit card debt and mortgage of a childless boomer who is simultaneously dying of obesity, heart disease, typhus, cancer, and a gunshot wound inflicted by a cartel gang member.
*SIPPS*
>And?
It's been sustained for a very long time.
Countries aren't like corporations or people. Their debt can be perpetually rolled over and inflated away by the government, not to mention all the institutions that are required by law to hold US debt in order to ensure there's enough liquidity in markets.
Just look at Japan. They're printing money like crazy, their debt to GDP levels are the highest in the world and still they have to fight hard to prevent deflation.
There is literally more world Debt than the world's GDP
Everyone has been talking about this forever. But apparently it doesn't matter when your country is a thug and uses force on the world to use your shit currency and shit debt
That's not how any of this works.
People, companies, and countries buy US bonds for cash today. The US pays them back, with interest, in a set number of years. Over the term, the US has economic growth that outpaces the interest rate on the debt.
In short, the US profits off its own debt.
There needs to be a third way.
Who cares? The United States will stop existing before we "pay our debt"
Our debt will never be paid. Nobody can do anything about our debt.
>There needs to be a third way
Theocratic Monarchism
GDP is just what a country produces domestically in a year. Look at how much wealth every country has instead.
US mean wealth per capita is over $400,000 while the US national debt per capita is at below $100,000
24 years of no welfare.....
>Sue China for 24 trillion due to Corona
>They refuse to pay
>opt to take it out of what we owe them instead
I fixed the economy guys.
lmao
you new?
>future
hey this trend will magically stop, you are totally right
The Israelis who have doomed America's future by forcing it to finance their illegal and failed wars don't want you to talk about it.
Just keep it going. Keep the scheme going... 10 more years 100 more years. Whatever it takes for a bunch of foreigners to build Israel for the Israelis