Message from @Techpriest
Discord ID: 563443524276846592
Anything not an unfunded liability
For example some military emergency spending
Suddenly needs $10 millions in for a project
Np
Those wi get paid by next year
But liabilities? Hardly
Those debt are a per-year basis
in conclusion= the state is already bankrupt
what could possibly extend its life: for the next 4-5 years not increasing the current spending which would result in smaller deficit
Or
Better idea
We coup the U.S. government
And the new government void all old government debt
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
In some cases these are bonds, in other cases investments, loans, but primarily things like bonds.
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.
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"
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.
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.
Hence that's why it's the real problem
It's when you dont wanna pay your debt to your own citizens
but you'll find a way somehow
It's a problem when it happens no matter the scenario. It's literally definitional. "If it fails then it fails".
Debt in anything else is irrelevant
thats why greeks are getting fucked
they're using foreign debt to pay for their own senior citizens
But luckilly for the U.S., they have a great credit score
Well, and that's why retirement systems should be structured like a citizen tax investment IRA, not a steal-from-the-children scam.
hence why the U.S. Debt is a meme
I blame FDR
when you have 1/4 of the populace as ~~seniors~~ no-work
and 3/4 of the populace as able-work
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.
then the U.S. Retirement System works
but now it's like 1/2
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.
that's what im saying
there's gonna be more people not working
vs people working