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Do you believe US debt will eventually destroy the country?
Posted on 2/14/19 at 5:06 pm
Posted on 2/14/19 at 5:06 pm
Just for reference here’s a couple of charts to get a little perspective on the challenge that lies ahead.
We all know as individuals we couldn’t pile up debt, knowing it will never be paid back. We know the creditors will eventually call demanding their money... so why do we believe as a country we can do just that?
The quick answer will be “you’re not the government “ but what’s the real answer? Don’t use the go to answer that the US military ensures government credit is good. Lol!
We all know as individuals we couldn’t pile up debt, knowing it will never be paid back. We know the creditors will eventually call demanding their money... so why do we believe as a country we can do just that?
The quick answer will be “you’re not the government “ but what’s the real answer? Don’t use the go to answer that the US military ensures government credit is good. Lol!
29
Posted on 2/14/19 at 5:07 pm to Bass Tiger
No. Democrat control will destroy this country
Posted on 2/14/19 at 5:07 pm to Bass Tiger
No, the unfettered immigration will
An unbeatable majority will vote themselves other people's money into oblivion.
not like we don't have enough moochers here already
An unbeatable majority will vote themselves other people's money into oblivion.
not like we don't have enough moochers here already
Posted on 2/14/19 at 5:08 pm to Bass Tiger
We really stopped giving a frick after 9-11
Posted on 2/14/19 at 5:08 pm to AuburnTigers
At some point, yes. Our credit rating will keep going lower.
Posted on 2/14/19 at 5:10 pm to Bass Tiger
I believe it could if we don't do something about it. I think the debt is more of a problem than immigration.
Posted on 2/14/19 at 5:13 pm to Bass Tiger
No, I think global debt will be the problem first and we'll be better off than almost all other countries when that time comes as long as we don't do something like the GND.
Posted on 2/14/19 at 5:13 pm to WildTchoupitoulas
It can. If people and governments stop investing in America prepare for something like Greece 10 years ago.
And we won't have to start defaulting on debt, mere perception is enough to spook financial markets,
And we won't have to start defaulting on debt, mere perception is enough to spook financial markets,
Posted on 2/14/19 at 5:15 pm to Diseasefreeforall
quote:
And we won't have to start defaulting on debt, mere perception is enough to spook financial markets,
Over 7 million Americans are over 90 days late on their auto payments
Posted on 2/14/19 at 5:18 pm to Bass Tiger
Yes
Posted on 2/14/19 at 5:19 pm to Bass Tiger
“When you owe the bank a little bit of money, the bank owns you. When you owe the bank a lot of money, you own the bank.”
Posted on 2/14/19 at 5:19 pm to Bass Tiger
Nah. Hasn't destroyed Japan yet and theirs is twice what ours is as % of gdp
Posted on 2/14/19 at 5:21 pm to Bass Tiger
The government has been trying to figure out a way to decrease the population for decades. This is one way to do it. When the debt gets too high we will have another depression and the large percentage of people who depend on government to live will kill each other, starve, or get killed by trying to steal from those who know how to fend for themselves. It would be a major population purge for sure.
Posted on 2/14/19 at 5:22 pm to Bass Tiger
quote:
Do you believe US debt will eventually destroy the country?
No if our military remains the strongest in the world, we remain the largest and safest (need that combo) nation in the world to invest and the trend in your second chart continues.
Posted on 2/14/19 at 5:25 pm to Tpayne99
quote:
At some point, yes. Our credit rating will keep going lower.
It's relative. Other nations around the world are racing faster to the bottom than we are so we look like a safe haven.
Posted on 2/14/19 at 5:32 pm to Bass Tiger
quote:
Do you believe US debt will eventually destroy the country?
Well, that was Obamas plan when he doubled 230+ years of debt in 8 years.
That was also Osamas plan when he stated that "We will bankrupt you trying to defeat us" (paraphrased)
2 peas in a pod.
Posted on 2/14/19 at 5:37 pm to WildTchoupitoulas
quote:
I think the debt is more of a problem than immigration.
What do you think about Obama taking, what took 230+ years to accumulate, and doubling it in 8 years??
What is his "share" of the problem?
Posted on 2/15/19 at 6:52 am to Dale51
quote:
What do you think about Obama taking, what took 230+ years to accumulate, and doubling it in 8 years??
I don't really think about that.
quote:
What is his "share" of the problem?
I don't know.
Why not ask someone who voted for Obama?
Posted on 2/15/19 at 6:57 am to WildTchoupitoulas
quote:
I believe it could if we don't do something about it. I think the debt is more of a problem than immigration.
You don't think a $116 billion dollar a year price tag towards the cost of illegal immigrants is a huge contributing factor?
Posted on 2/15/19 at 7:06 am to Bass Tiger
Better question is how did Obama double the debt during his admin and still hold the economy down to stagnation levels. That's a trick, accumulate the same debt as all previous presidents combined yet mange to screw up the economic activity. Damn guy is a genius.
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