How much longer can US continue to print money and how much can National Debt get before total collapse , that is Economy can no longer function?

[888theGreat]

We have only paid National Debt off once in US History. President Jackson , Mr. $20 bill. Believe it or not , he was a Democrat. I know shocking. We continue to spend like crazy with wasteful programs. Pay people not to work. Pay people to knock women up and sex changes. $2 million dollar screw drivers , etc. When will debt reach breaking point?

$50 trillion

$75 Trillion

$100 Trillion

$150 Trillion

200 Trillion

$250 Trillion

It doesn't matter what National Debt us , we don't live in reality and never will. The little dumb Kid Tartersauce on here says everything is fine.

[douride2]

I did a quick search. The US has been running in debt since 1790. So who knows how much longer they can continue.

[888theGreat]

1) yes but Jackson paid it off until he left office
2) how about you Canicks?

[douride2]

WE are going deeper all the time. Sounds like it started back in the 1800s.

[888theGreat]

you have fewer people

[douride2]

Less debt too.

[douride2]

US debt 289 trillion Canada debt 523 billion.

[888theGreat]

Some debt is ok , but when you try to solve a debt problem by using more debt , you get worse not better.

[888theGreat]

289 Trillion? are you counting obligations or actual debt? Even with SS and the other socialist programs I don't think we are 289 trillion. Not yet. With our Socialist programs , I am thinking $200 trillion. Maybe Canada has the real numbers on US. Our leaders never tell us the truth.

[cth2188]

We can’t afford to print anymore money we don’t have? Where is this money coming from?

[888theGreat]

thin air , you can by population growth and US aborts all the babies and the ones that don't are having one child. And illegals ain't the answer.

[Jintendo18]

The dollar is a fiat currency, so its value is arbitrary. It’s not backed by gold anymore and hasn’t been for decades. The problem with printing more currency is the value of the dollar decreases and prices of everything rise as a result. Welcome to inflation.

[MCheetah]

I actually watched a video a while ago on how the US could easily solve the national debt with two quick solutions. One was some system of using bonds against Chinese debt to fix the national debt. And the other was basically legalizing marijuana.

I don't remember the name of the video cause this was like, over a year ago. And of course, this was before the Biden administration intentionally tried to bankrupt the country, since they literally hate America and its citizens (this is not hyperbole or exaggeration).

So all this spending seems intentional, as a way to destroy the US. And I couldn't care less what moron thinks it's a "conspiracy theory" either. It doesn't take a genius to figure out that excessive spending + an entire year of people not working + forcing government workers to lose their jobs due to vax mandates + "Defund the Police" leads to hyper-inflation.

https://www.youtube.com/embed/dH5xo8kP4OY

[MuddyMole]

Do you even know to whom the debt is owed, or why it's a problem?

By far the biggest creditor is the US government itself. That sounds crazy, but the way it works is that some agencies (eg. social security) spend less than they receive in tax revenue, and they invest the excess in US treasury notes - so while the government owes money to itself, that's still counted toward the national debt (and comprises more than a third of it).

The other large single component is foreign debt (particularly to Japan and China), but again this is not necessarily a problem. China, despite having a huge national debt of its own (far greater than the US's), is also the world's largest creditor, especially to the third world (see: Belt and road initiative). There's little expectation that this debt will be paid off, but it remains a sound investment for China anyway because the money will instead be recouped through increased exports. Essentially, the Chinese government are just subsidising their own companies, by lending money to the US and other countries, who will then simply spend it on Chinese imports. There's no danger of China trying to somehow call in the debt - they'd just be shooting themselves in the foot.

[Anonymous]

I remember back during the Clinton-Bush Sr. Election when the national debt was a whopping 3 trillion. And it was considered a big number then. But that's back when the national debt was considered a political football still.
The answer to your question is a little complicated because theoretically we can have as much debt as we have assets (not that you want that). And the total assets of the United States is somewhere around 141 trillion. But it's not as simple as that. There's public debt which is the national debt and then there's private debt. Which is the American citizens debt. If private debt is low then public debt can be higher. Also GDP comes into play. Because in short the healthier the economy is the more uncle same can spend.
NOW BEFORE YOU GIVE ME CRAP. Cause I know you will. I'm NOT saying we should keep spending money spending. Only that theoretically we can. It' NEVER a good idea to get into a lot of debt if you can avoid it. And like you said at the end of your question. It's the WASTEFUL, NEEDLESS spending that's a problem. Not so much spending.

[hahahmm]

Don't think it's as much about the numbers as about culture. Cultural decay/decline will eventually lead to a point in time where the system doesn't function. Just like a car that you never changed the oil in... even if 100% of everything else in the car is mint condition. We can see hints of this with the pandemic stuff when so many people decided to quit their jobs or not pay their rent... because they don't feel any responsibility to do certain things that our ancestors would've considered an obligation you don't quit just because it's easier to do so.

[Anonymous]

It doesn't matter anymore. A world wide financial crash or fraud will happen in the next year or two. With everyone switching to digital currency it will be extremely easy to commit this fraud. Major banks will likely make some excuse that there servers will go offline for an update. During this time they will say they fell pray to a cyber attack and lost ways of tracking peoples money. Liberals like Biden will immediately blame Russia or Trump for the cyber attack and while the media is pleasuring themselves the government will get away with it. Even people that think bitcoin and cryptocurrency will protect them from this, should take note Biden is currently working a massive tax legislation that will wipe out almost your entire profits. We have backed ourselves into a corner and while most people are asleep at the wheel look what this administration is doing and you will see there setting the ground work up.

[RealMarek]

As long as the US can force other nations to use the dollar to denominate most of global trade with military aggression and economic sanctions, the sky is the limit. In percentage terms, the dollar’s share of trade is shrinking gradually. When a tipping point is reached, the dollar will be essentially worthless.

[sawno]

If you had no debt you'd have no money, so the real answer is infinite especially if they don't admit they are printing like china probably does and the US probably does to. Inflation is caused trough other means than money printing and Biden executed a couple of the ones that I predicted would cause it.

[888theGreat]

actually , if you have debt, you have no money

[sawno]

For us yes, but for the economy its reverse. They print money out of thin air but give that to your society as a loan with an interest rate which means its impossible to pay it off since the debt is higher than the money in circulation. So if you payed it all off then you'd have nothing left since you run out of money before paying it off. Neither do people check what the current national debt is before they purchase something. Its all about other trade dynamics at play. Take the paying people not to work policy for example, that would cause them to move 0 which means everything else now has to get an equal amount more expensive. Or if you run short on critical infrastructure such as energy everything else needs to go up in price to. If people then get raises to meet the inflated prices you now have systemic inflation.

That is how it is caused, openly printing money the way they are doing is going to raise eye brows though that can definitely effect things like exchange rates and cause the other fuckups i mentioned to. But in theory since nobody can track how much money is going around in society it wouldn't matter if they printed a lot, as long as they didn't admit it openly and the cash flow is in limited circulation to for example buy infinite weaponry without tax payer expenses.

[888theGreat]

You have interest on the debt. Anything the Gov't spends money on is wasted

[Anonymous]

America has already collapsed Civil War is guaranteed basically at this point. Hyperdenflation is coming They can keep doing this until the Civil War goes hot

[888theGreat]

it will be a total mess like nothing any American has faced

[bulletbob555]

I'm not an economist, but I wonder where you get your facts as I know that during the Clinton administration by the end we had a surplus for the first time. As soon as bush senior was elected he told America that since gasoline was cheap and we had a surplus that he should give everyone a rebate. Poof it was gone

[888theGreat]

National debt was not paid off

[ODC2112]

The problem for the US is not the public debt, but the huge private debt. Private debt will collapse the United States. Small crises like the subprime crisis have already shown how much the US cannot tolerate high debt.
When the day of reckoning comes, life will get rough for the people of the US.

[Slartybartfast]

The national debt explained.
Wars are expensive.

The poor paid in blood while the rich got tax cuts. That's the entire reason we have the debt. The rich never paid thier share for the wars they started.

[BillyBalls]

The debt service will eventually the entire Federal Budget.

[888theGreat]

and you can't tax robots and if no one has a job, you have to spend money to feed them

[Anonymous]

America is fucked and the younger generation are going to pay dearly for it in the future.

[888theGreat]

Dearly

[Sevenpointfive]

it doesn't matter. we can't pay that amount of debt, nor do we have to because we're a big fat bully

[Anpu23]

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP and is still opperational. In fact the US is 8th in GDP to debt ratio. Though our debt is troubling we aren't at panic point yet.

[RolandCuthbert]

Yawn. . .

the debt only matters when there is a Democrat in the White House. When trump ran up the debt you were completely silent.

[888theGreat]

no I wasn't. I was on him to abolish depts in gov't

[RolandCuthbert]

Yawn. . . you are so disingenuous.

[OddBeMe]

Current inflation is tied to gas prices. So nothing to do with money printing. The real problem is corporate borrowing rates begin near 0%. Our govt is giving out free money without any interest returns.

[888theGreat]

You are a complete idiot 90% of economists say it is directly related to all the money printing and stimulus. Go back to school and take the courses on economies.

[OddBeMe]

Please provide evidence.
“Disruptions to the global supply chain caused by the pandemic are still the biggest causes of inflation.”
www.theguardian.com/.../uk-gas-energy-bills-centrica-sainsbury-whitbread-us-inflation-business-live

[DryGermanGuy]

@OddBeMe He can’t read that article, it’s not written in American.

[OddBeMe]

@DryGermanGuy I’ll try to find a scientific study written in emoji

[sawno]

I agree with most of what you say, the giving everyone free money can still be a problematic thing if its sustainable income though. Then people demand wages higher than the free money and if its to much people raise their prices to profit more. So giving money to citizens can be risky, but the oil one is a certainty. Printing money in secret wouldn't make a dent if nobody can notice.

[OddBeMe]

@sawno right wingers like to dump on printing money. But it’s really the only thing the fed does well. What they don’t do well is giving free money to corporations. So there’s issues on either side.

[sawno]

Printing money needs to happen in a controlled fashion to keep things stable, if people have to big of an influx of money it would be robbery because then your existing savings are meaningless. Be careful what you wish for.

[OddBeMe]

@sawno No I totally agree. I think the fed is pretty good about regulating quantitave easing. I’m not an economist of course. But our current problems aren’t related to that.

[exitseven]

I don't knowwhaere it will all end but I am pretty sure it will someday.

[JasM0]

We should ask the Romans. Hyperinflation, fixing the market and picking winners and losers in industry brought it about.

[RearEntryGuy]

No worries. Just sell G@G to China and all will be settled.

(We just need to learn Chinese after that LOL!)