Message from @Techpriest

Discord ID: 563443524276846592


2019-04-04 17:52:41 UTC  

Anything not an unfunded liability

2019-04-04 17:53:47 UTC  

For example some military emergency spending

2019-04-04 17:53:57 UTC  

Suddenly needs $10 millions in for a project

2019-04-04 17:53:59 UTC  

Np

2019-04-04 17:54:06 UTC  

Those wi get paid by next year

2019-04-04 17:54:13 UTC  

But liabilities? Hardly

2019-04-04 17:54:24 UTC  

Those debt are a per-year basis

2019-04-04 17:56:30 UTC  

in conclusion= the state is already bankrupt

2019-04-04 17:57:28 UTC  

what could possibly extend its life: for the next 4-5 years not increasing the current spending which would result in smaller deficit

2019-04-04 19:10:37 UTC  

Or

2019-04-04 19:10:39 UTC  

Better idea

2019-04-04 19:10:46 UTC  

We coup the U.S. government

2019-04-04 19:11:02 UTC  

And the new government void all old government debt

2019-04-04 19:15:55 UTC  

You don't know how debt works. Even though you posted a direct image of it, and I'm astounded by this, you somehow manage to state the case completely wrong. The debts are owed to the government _to itself_, primarily. We're not "running out of places to borrow from", and we own more debts than we owe. Here's a simple article evaluating this fearmongering: https://www.titlemax.com/discovery-center/money-finance/debts-owed-by-the-us-and-owed-to-the-us/ and here's an explanation of how international debt works: https://www.quora.com/What-countries-owe-the-U-S-money

2019-04-04 19:16:42 UTC  

In some cases these are bonds, in other cases investments, loans, but primarily things like bonds.

2019-04-04 19:17:32 UTC  

There is no "running out of debt". If things were to absolutely collapse the remaining exchanges would tend to equal near zero, and the USA is hardly left holding the bag. The only time this reaches a crisis point is when the economic activity of a nation results such that bonds, and the like, end up with no or _negative_ return.

2019-04-04 19:19:09 UTC  

And this is generally how the fear mongering works: You only ever see "How much debt the US has", you never see "How much is owed to the US"

2019-04-04 19:22:35 UTC  

The only other way to explain it is in this manner: What you are effectively doing is taking somebody's investment, producing things with it, and giving them a fraction of it in return. Debts are naturally going to rise, from foreign and local government, simply as a product of a variety of forms of these kinds of investments. Such as in the case of bonds.

2019-04-04 19:23:02 UTC  

The only real "crisis" would be a default, wherein maturities would not be paid, and that's nowhere near forthcoming without a major economic catastrophe.

2019-04-04 19:23:22 UTC  

Hence that's why it's the real problem

2019-04-04 19:23:24 UTC  

Unfunded Liability sir

2019-04-04 19:23:33 UTC  

It's when you dont wanna pay your debt to your own citizens

2019-04-04 19:23:40 UTC  

but you'll find a way somehow

2019-04-04 19:23:53 UTC  

It's a problem when it happens no matter the scenario. It's literally definitional. "If it fails then it fails".

2019-04-04 19:23:53 UTC  

GG @Wojak, you just advanced to level 1!

2019-04-04 19:23:58 UTC  

Debt in anything else is irrelevant

2019-04-04 19:24:16 UTC  

thats why greeks are getting fucked

2019-04-04 19:24:22 UTC  

they're using foreign debt to pay for their own senior citizens

2019-04-04 19:24:48 UTC  

But luckilly for the U.S., they have a great credit score

2019-04-04 19:24:51 UTC  

Well, and that's why retirement systems should be structured like a citizen tax investment IRA, not a steal-from-the-children scam.

2019-04-04 19:24:54 UTC  

hence why the U.S. Debt is a meme

2019-04-04 19:25:01 UTC  

I blame FDR

2019-04-04 19:25:16 UTC  

when you have 1/4 of the populace as ~~seniors~~ no-work

2019-04-04 19:25:22 UTC  

and 3/4 of the populace as able-work

2019-04-04 19:25:31 UTC  

I blame FDR for a lot of things. We could fix social security by, again, restructuring it as an investment IRA. If it is tied to the economy, and gradually phased in with the same tax dollars, it will grow and shrink with it.

2019-04-04 19:25:31 UTC  

then the U.S. Retirement System works

2019-04-04 19:25:34 UTC  

but now it's like 1/2

2019-04-04 19:26:02 UTC  

Um, no, that isn't how that works. The average US population is significantly older than it used to be, and simultaneously a lot of people are delaying employment to seek higher education.

2019-04-04 19:26:16 UTC  

that's what im saying

2019-04-04 19:26:20 UTC  

there's gonna be more people not working

2019-04-04 19:26:22 UTC  

vs people working