Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION | TigerDroppings.com
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Snakeyes4412w
Member since Sep 2013
13 posts

Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION

And Congress will raise the debt ceiling ... to infinity ... and beyond!

LINK /


LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
804 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
In fairness, U.S. can just print more money and it doesn't actually owe that amount.


aaronb023
LSU Fan
TeamBunt CEO
Member since Feb 2005
11774 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
Sounds like a good plan. As long as my income keeps up with inflation


LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
804 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
Never said a good plan.


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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
3624 posts
Online

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
In a nominal sense, the national debt is rising. No argument there.

But this should be expected over time just as inflation is expected over time.

I think what is more useful is looking at the GDP to debt ratio. And if I'm correct, this ratio has fallen.


LSU0358
LSU Fan
Member since Jan 2005
5679 posts
Online

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
A government never actually pays off its debt. It inflates it's debt away, or an economic boom takes care of it. But a government never dollar for dollar (or EUR for EUR) pays off its debt.


LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
804 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
See some wise guys!


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davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
20307 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
quote:

I think what is more useful is looking at the GDP to debt ratio. And if I'm correct, this ratio has fallen.


LINK

The long term trend is obviously downward but has increased roughly coincident since the house bubble bust/financial debacle in 2008.


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udtiger
LSU Fan
Louisiana
Member since Nov 2006
29740 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
The only reason the USA does not have a super junk rating is because we have more/better ships, missles and jets than anyone else. If we had a military the size of Britain's, we would be wishing for Zimbabwe's rating.


LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
804 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
This is just unfounded and not true.


lsu13lsu
LSU Fan
Member since Jan 2008
3062 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
quote:

In fairness, U.S. can just print more money and it doesn't actually owe that amount.


If it doesn't owe it, do you think it will not pay it? Technically you are right but actually you are wrong. Accounting gimmicks cannot save this country.


Blakely Bimbo
Alabama Fan
Member since Dec 2010
1183 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
quote:

US Economy About to Hit the Vortex of a Structural Trap


Nasdaq.com


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LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
804 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
There is no reason to pay back about 40% of the debt since it is owed to us. If they do pay it back, other things that get money will suffer; thus, causing us to suffer which will hurt the economy. Thus, you don't pay it back until economy booms.


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udtiger
LSU Fan
Louisiana
Member since Nov 2006
29740 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
quote:

This is just unfounded and not true.


Sure...

Compare US debt/GDP ratio with that of other "junk" countries and you explain to me why ours is so great.


BennyAndTheInkJets
Arkansas Fan
NYC / Orange County
Member since Nov 2010
4291 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
quote:

Compare US debt/GDP ratio with that of other "junk" countries and you explain to me why ours is so great.

You're looking at that in a vacuum. We still have the largest financial markets in the world, have the highest GDP for a single nation, and have the highest innovation for any country. We also have much less political risk than emerging markets (even though the current situation makes that hard to believe), we have real prospects for growth unlike Europe, and we have a huge amount of natural resources unlike Japan.
quote:

The only reason the USA does not have a super junk rating is because we have more/better ships, missles and jets than anyone else. If we had a military the size of Britain's, we would be wishing for Zimbabwe's rating.

The creditworthiness of our debt really has nothing to do with our missles. That statement is just flat out incorrect.
This post was edited on 10/8 at 12:54 pm


LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
804 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
^


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RebelExpress38
Ole Miss Fan
In your base, killin your dudes
Member since Apr 2012
3080 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
quote:

A government never actually pays off its debt. It inflates it's debt away, or an economic boom takes care of it. But a government never dollar for dollar (or EUR for EUR) pays off its debt.


I prefer to call that taxing cash holdings.


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lsu480
LSU Fan
Downtown Scottsdale
Member since Oct 2007
82357 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
quote:

In fairness, U.S. can just print more money and it doesn't actually owe that amount.


We don't?


LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
804 posts

re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
We owe somewhere around 11 trillion to other countries, I think. Don't quote me. And that's to over 40 countries; so despite popular belief, other countries actually don't want us to fail because it will also hurt them. (Not only Cus of debt; other reasons too).


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