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Eli Goldfinger
Army Fan
Member since Sep 2016
20216 posts

Depressing thought about our national debt
Let’s say out national debt is $21T.

That means - not counting interest - if we wanted to pay the debt off in 100 years, we would have to pay over $575 MILLION per day...or almost $24 MILLION per hour.

Sad


gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
65918 posts

re: Depressing thought about our national debt
Now do dollars spent per covid death or perceived covid death "saved"


ValDawgsta
Georgia Fan
Member since Jan 2020
1301 posts

re: Depressing thought about our national debt
This board stopped giving a single shite about deficits or debt in January of 2017.


Waldorf
Member since Aug 2020
162 posts

re: Depressing thought about our national debt
I'm thinking we are now at $27 trillion with the past year of spending. Not to be a downer.....


LATIGERFAN
Member since Sep 2009
1090 posts

re: Depressing thought about our national debt
I agree with you on that. I’m 41, been hearing about exploding national debt since it hit 4 trillion under Reagan. When is this mounting debt actually going to cause a crash or calamity, because it continues to grow and yet I still haven’t seen the disaster materialize.


Bard
LSU Fan
Poli Board President-Elect
Member since Oct 2008
39013 posts

re: Depressing thought about our national debt
quote:

Let’s say out national debt is $21T.


That's cute.

Add $6T more.


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100
gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
65918 posts

re: Depressing thought about our national debt
quote:

This board stopped giving a single shite about deficits or debt in January of 2017.




and that is bullshite

no point in discussing it much when NOBODY would could do anything about it will


ValDawgsta
Georgia Fan
Member since Jan 2020
1301 posts

re: Depressing thought about our national debt
quote:

and that is bullshite

no point in discussing it much when NOBODY would could do anything about it will


You’re being disingenuous here. You know exactly why it stopped being discussed much.


Mr Perfect
Lamar Fan
Member since Mar 2010
17836 posts

re: Depressing thought about our national debt
trump worse than Bernie when it comes to natl debt


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1724
arcalades
LSU Fan
USA
Member since Feb 2014
15514 posts

re: Depressing thought about our national debt
quote:

. When is this mounting debt actually going to cause a crash or calamity, because it continues to grow and yet I still haven’t seen the disaster materialize.
A quart of wheat for a day's wages


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10
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USA
Member since 2001
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tigergirl10
Member since Jul 2019
3977 posts

re: Depressing thought about our national debt
Look at how much credit card/mortgage/vehicle/student loan debt most people have. Almost everything these days is financed-cell phones, 4 wheelers, xbox. Rarely do people own anything or have vehicles that cost less than $30,000.


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47
WaWaWeeWa
Member since Oct 2015
8891 posts
 Online 

re: Depressing thought about our national debt
Bro we have bigger problems than the debt. There is a Marxist takeover led by the democrat party and the MSM.

frick the debt. The debt won’t matter when we don’t have a constitution.


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3417
SlapahoeTribe
LSU Fan
Tiger Nation
Member since Jul 2012
10417 posts

re: Depressing thought about our national debt
We don’t have to pay it off like that.

We just have to stop increasing it - or really just have to get the economy to increase faster than the debt. In time inflation will make the debt effectively less and less.

But even calling it “debt” is a bit of a misnomer. The country isn’t really in debt in the same way you owe a debt to the bank for your house ... the US is the economy and makes/controls the money which comprises the “debt.” A better analogy would be to look at it as a form of stock - you wouldn’t say that Amazon is a trillion dollars in debt to its shareholders, would you?


Big4SALTbro
Member since Jun 2019
5412 posts
 Online 

re: Depressing thought about our national debt
Eh honestly don’t care about the national debt.

As long as our military has the biggest dick on the block it’s not like anyone can collect. What are they going to do?

It would be a much larger concern if we were a bitch country like Canada.


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94
bamaswallows
LSU Fan
Baton Rouge
Member since Dec 2007
1009 posts

re: Depressing thought about our national debt
Refuse to pay China debt held for reimbursement of Covid...PROFIT?


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130
Meauxjeaux
Memphis Fan
97127 posts including my alters
Member since Jun 2005
27959 posts

re: Depressing thought about our national debt
quote:

This board stopped giving a single shite about deficits or debt in January of 2017.


Actually or was about 2013 or 2014 for me but who’s sweating a few years?


RedStickBR
LSU Fan
Member since Sep 2009
14123 posts

re: Depressing thought about our national debt
quote:

We don’t have to pay it off like that.

We just have to stop increasing it - or really just have to get the economy to increase faster than the debt. In time inflation will make the debt effectively less and less.


Two problems:

1) Excessive government debt crowds out private sector investment and slows economic growth

2) Excessive government debt is deflationary

Why do you think the trend of both GDP growth rates and inflation have been weakening for two decades?

So, yeah, we have to pay if off like that.


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
23003 posts

re: Depressing thought about our national debt
It’s nothing like stock value. The only thing amazon “owes” its’shareholders is the par value of the stock.

The US owes every dime of that debt


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
23003 posts

re: Depressing thought about our national debt
What’s the difference between Democrats and Republicans?

Democrats spend like crazy and want to raise our taxes to pay for it.

Republicans spend like crazy and just want to pay for it with debt.

No one wants to really cut spending.


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
23003 posts

re: Depressing thought about our national debt
3) interest expense, if rates go up, which they eventually will, is going to screw us. Since we aren’t actually paying debt off, as rates go up, the bonds we continue to issue will be at ever higher rates.


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