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Started By
Message
Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
Posted on 10/5/13 at 10:48 am
Posted on 10/5/13 at 10:48 am
4
Posted on 10/5/13 at 10:56 am to Snakeyes4412w
In fairness, U.S. can just print more money and it doesn't actually owe that amount.
Posted on 10/5/13 at 11:28 am to LSUTigers00884
Sounds like a good plan. As long as my income keeps up with inflation
Posted on 10/5/13 at 12:59 pm to aaronb023
Never said a good plan.
Posted on 10/5/13 at 1:44 pm to Snakeyes4412w
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.
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.
Posted on 10/5/13 at 1:48 pm to Snakeyes4412w
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.
Posted on 10/5/13 at 3:25 pm to LSU0358
See some wise guys!
Posted on 10/7/13 at 6:46 am to Snakeyes4412w
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.
Posted on 10/7/13 at 9:55 am to udtiger
This is just unfounded and not true.
Posted on 10/7/13 at 11:29 am to LSUTigers00884
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.
Posted on 10/7/13 at 1:01 pm to lsu13lsu
Posted on 10/7/13 at 6:13 pm to lsu13lsu
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.
Posted on 10/8/13 at 12:42 pm to LSUTigers00884
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.
Posted on 10/8/13 at 12:53 pm to udtiger
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 10/8/13 at 12:54 pm
Posted on 10/8/13 at 1:38 pm to BennyAndTheInkJets
^
Posted on 10/8/13 at 2:09 pm to LSU0358
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.
Posted on 10/8/13 at 4:33 pm to LSUTigers00884
quote:
In fairness, U.S. can just print more money and it doesn't actually owe that amount.
We don't?
Posted on 10/8/13 at 11:39 pm to lsu480
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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