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Started By
Message
At what point does our debt cause the economy to crash and burn?
Posted on 8/1/25 at 2:08 pm
Posted on 8/1/25 at 2:08 pm
LINK
Is it going to take us to hit $1 quadrillion with the way Congress is spending? I know most of them don't care since the majority are so old that they will be long gone before they have to deal with the fallout.
Is it going to take us to hit $1 quadrillion with the way Congress is spending? I know most of them don't care since the majority are so old that they will be long gone before they have to deal with the fallout.
This post was edited on 8/1/25 at 2:09 pm
13
Posted on 8/1/25 at 2:08 pm to Sheriff Brackett
I think it's happening already. Glad the BBB added more to it.
Posted on 8/1/25 at 2:09 pm to Sheriff Brackett
Simple answer. When countries stop buying it
Posted on 8/1/25 at 2:09 pm to AirbusDawg
No, it didn't.
We will be in the black with tarriffs just like it was in June
Spending =/= debt
We will be in the black with tarriffs just like it was in June
Spending =/= debt
Posted on 8/1/25 at 2:12 pm to AirbusDawg
quote:
the BBB added more to it.
Build Back Better?
This post was edited on 8/1/25 at 2:13 pm
Posted on 8/1/25 at 2:36 pm to Sheriff Brackett
A solid signal will be when the Fed raises what it considers to be the "healthy" target for inflation by raising it above 2%.
Once we get to the point where debt servicing is the largest budget item, there will be no turning back (regardless of whether that comes before or after the increase over 2%).
Once we get to the point where debt servicing is the largest budget item, there will be no turning back (regardless of whether that comes before or after the increase over 2%).
Posted on 8/1/25 at 2:37 pm to Sheriff Brackett
we're at 130% debt to gdp japan is at over 300% and china is at 400% we should probably ask them.
Posted on 8/1/25 at 2:42 pm to tigerfootball10
quote:
When countries stop buying it
Except most of it is owed to our own citizens.
Posted on 8/1/25 at 2:45 pm to Sheriff Brackett
The crap will hit the fan in a decade or so when the cost of interest on the debt exceeds Medicare and Social Security. This will accelerate borrowing to cover the shortfalls, further adding to the deficit. The only thing saving us now is that the Dollar is still the world's reserve currency. Even that will have its limits.
Posted on 8/1/25 at 2:51 pm to Sheriff Brackett
We had an incredibly resilient economy that even flourished under Biden. The only way to screw it up would be with manic tariff policies based on lies, backing out of existing deals, and drumming up anti American sentiment around the world with arrogant rhetoric
Posted on 8/1/25 at 2:54 pm to eddieray
quote:
The only way to screw it up would be with manic tariff policies based on lies, backing out of existing deals, and drumming up anti American sentiment around the world with arrogant rhetoric
panican incoming! if only we had picked rom destantimonious! or tamala!
Posted on 8/1/25 at 2:54 pm to tigerfootball10
quote:
Simple answer. When countries stop buying it
Countries or people.
So I guess it can go on for a long while, especially if we have large groups behaving irrationally.
Posted on 8/1/25 at 2:54 pm to BuckI
It will be sooner than a decade out. SSI is forecasted to default in 2028 which will trigger mandatory benefit cuts.
No elected D or R politician will tolerate that firestorm. Therefore, we will issue debt through more borrowing and/or QE. Fed rates will need to increase to attract buyers which will increase debt servicing obligations.
And neither party will do anything about it.
No elected D or R politician will tolerate that firestorm. Therefore, we will issue debt through more borrowing and/or QE. Fed rates will need to increase to attract buyers which will increase debt servicing obligations.
And neither party will do anything about it.
Posted on 8/1/25 at 2:59 pm to OMWsux
quote:
Therefore, we will issue debt through more borrowing and/or QE. Fed rates will need to increase to attract buyers which will increase debt servicing obligations.
And even with higher rates lenders may not bite which will require much higher taxes which will cause economic slowdown which fuels the downward spiral to total economic collapse.
And when you get there you will literally have people killing each other for food and water.
Posted on 8/1/25 at 2:59 pm to OMWsux
I admit ignorance on the subject but is there an actual fairly large country that is not running a huge deficit
This is all a huge house of fake cards which reminds me of the Three Stooges sketch about everybody owing everybody $20
This is all a huge house of fake cards which reminds me of the Three Stooges sketch about everybody owing everybody $20
This post was edited on 8/1/25 at 3:00 pm
Posted on 8/1/25 at 3:11 pm to Sheriff Brackett
What exactly do you think our debt is?
Do you think we owe this money to other nations, and they they are going to slice up parts of America as payment? Cuz that aint it
Do you think we owe this money to other nations, and they they are going to slice up parts of America as payment? Cuz that aint it
Posted on 8/1/25 at 3:13 pm to dickkellog
Your small mindedness is showing
Posted on 8/1/25 at 3:18 pm to AirbusDawg
quote:
Glad the BBB added more to it.
the funny thing is, you'd have never said a word about spending if a democrat admin was in power. Post your outrage threads from previous admins to prove otherwise.
Posted on 8/1/25 at 3:19 pm to eddieray
that's nice eat schit.
Posted on 8/1/25 at 3:22 pm to Sheriff Brackett
quote:
the way Congress is spending
don't know what the breaking point is, but I've heard the sky screaming about spending for 40+ years. Yet, no matter what the deficit grows to or how much each budget grows, the end of the world never comes. And the doomsayers have been forecasting financial Armageddon for a loooonnnnggg time. Yet here we are still plodding along.
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