Are we just going to keep on piling debt forever in the US?

[Anonymous]

It’s at 31 trillion now, it’s projected to be 50 trillion in 10 years. So I mean is there a limit? Do we just keep on spending and getting in more and more debt? I don’t understand how this is even possible at this point we will never be out of debt. It’s too deep.

[NaultD]

"You owe the bank $100 that's your problem. You owe the bank $1,000,000,000 that's the banks problem."

So America uses its dedt to lean on china. Play nice enough and you get your intrest paycheck step out of line ripped up notes.

Majority of our debt is bought by citizens. So the money stays home and gets collected by other taxes asa self eating and self servicing money making equation.

With both examples the entire globe is betting on and dependent on USA and the US dollar. With US dollars being a fiat currency which more or less means because we all say this paper thing is worth something, it's better off as a dedt for the world to be deeply invested in that currency on working.

[Anonymous]

Nobody knows if a stock is going to go up, down, sideways or in fucking circles, least of all stockbrokers, right? It’s all a fugayzi, you know what a fugayzi is? Fugayzi. It’s fake. Fugayzi, fugazi. It's a whazy. It's a woozie. It's fairy dust. It doesn't exist. It's never landed. It is no matter. It's not on the elemental chart. It's not fucking real.

The debt is basically the wealthiest 1%of the 1% having the US government take out debt underwritten by the average taxpayer so they can funnel the money into their own pockets. The debt will increase as long as this continues.

[Anonymous]

Probably until we collapse economically. The American people are really to blame. They raise hell about higher taxes and then raise hell again if you propose the draconian budget cuts necessary to balance the budget. The politicians are just giving them what they want……. more debt so they don’t have to feel any pain.

[Anonymous]

oh america is fucked, no use in thinking about the debt because there will continue to be more and more. america will never be out of debt.

[Chazmatazz269]

Not “forever”; the bubble will burst and our economy will collapse. People will die. Then we’ll be taken over and have to learn a new way of government and life.

[Anonymous]

During world war 2, we funded every single country except for nazi germany and we didn’t have the funds to do this so we used money glitches in the system.


It really doesn’t matter. Money is something we made up to have power over the world but it doesn’t exist.

[NewsReader]

Probably until 2034 when social security and medicare benefits run out.

[NostalgiaSenpi]

I don't understand. The surplus in the trust funds that disburse retirement, disability and other Social Security benefits will be depleted by 2034, not the collapse.

[Pterodon]

As long as biden is in office yes

[Anonymous]

Yeah until the debt owners ask to cash their chips

[In_Trance]

yes you are