- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Does anyone else not care if the national debt isn’t paid?
Posted on 10/21/18 at 4:23 am
Posted on 10/21/18 at 4:23 am
I don’t ever spend time worrying about our national debt, like the vast majority of America. Most of our debt is owed to our institutions. If it goes unpaid, I honestly don’t care.
21
Posted on 10/21/18 at 4:43 am to Parmen
I don't like paying interest on it.
Posted on 10/21/18 at 4:54 am to Parmen
Credit shouldn't have ever been invented.
Posted on 10/21/18 at 5:05 am to Parmen
Yep, doesn’t really matter, cause it won’t be paid.
Posted on 10/21/18 at 5:27 am to Parmen
Oh it will be repaid. We will simply print money—basically we are doing that now.
Posted on 10/21/18 at 5:52 am to I B Freeman
I finally agree with I B Freeman.
The printing of money will cause huge inflation. I believe this will be a world wide event causing major problems.
The printing of money will cause huge inflation. I believe this will be a world wide event causing major problems.
Posted on 10/21/18 at 6:10 am to tenderfoot tigah
Printing money, a less obvious way to steal from the 401k, and keep the elders working.
Posted on 10/21/18 at 6:15 am to Parmen
Because of rule 11, we can play on indefinitely.
Posted on 10/21/18 at 6:34 am to TrueTiger
And as we now deleverage, the rest of the world is screeching since the majority of the world's debt is in USD.
Its not just the exchange rate, but the lack of dollars in the system as well. Plays absolute havoc on third world countries. And of course their dictators were happy to take the money when we leveraged, now they blame us for their problems when we tighten the system.
Its not just the exchange rate, but the lack of dollars in the system as well. Plays absolute havoc on third world countries. And of course their dictators were happy to take the money when we leveraged, now they blame us for their problems when we tighten the system.
Posted on 10/21/18 at 8:11 am to Parmen
As long as we lack a Gold Standard and the Federal Reserve is in charge of our monetary policy the national debt will NEVER be paid. The Federal Reserve is there to serve the needs of Washington politicians and the military/industrial complex, not the best interest of the American people. Take out a dollar bill and look at the face.....it says Federal Reserve Note. I rest my case.
This post was edited on 10/21/18 at 8:15 am
Posted on 10/21/18 at 8:18 am to Parmen
I would prefer We the People rise up against this illegitimate, unlawful institution.
Frick the Fed.
Frick the Fed.
This post was edited on 10/21/18 at 9:43 pm
Posted on 10/21/18 at 8:20 am to Homesick Tiger
quote:Nor Fiat Money either.
Credit shouldn't have ever been invented.
Posted on 10/21/18 at 8:21 am to Parmen
You don't have to care, OP, but depending on your age you will see a quite significant haircut to any Social Security benefits you were hoping to receive.
People may have decided that debt simply doesn't matter, and it has little noticable impacts on our life in the short term. In the long term is a very different thing, however.
People may have decided that debt simply doesn't matter, and it has little noticable impacts on our life in the short term. In the long term is a very different thing, however.
Posted on 10/21/18 at 8:24 am to Parmen
As long as oil is traded in dollars we’ll never pay it off and we don’t have to and don’t have to worry about it.
If you want to really understand geopolitics from a US perspective, concentrate on the petrodollar and the fact that we HAVE to defend its primacy at ALL costs. As long as we’re able to sustain the petrodollar system, the debt is meaningless.
If you want to really understand geopolitics from a US perspective, concentrate on the petrodollar and the fact that we HAVE to defend its primacy at ALL costs. As long as we’re able to sustain the petrodollar system, the debt is meaningless.
Posted on 10/21/18 at 8:34 am to Parmen
It doesn't have to be zero. States, counties (or parishes), cities, and school districts all have debt to pay for long-term assets.
But when you're constantly running up the credit card to pay for everyday expenses, that's a problem.
And a decent chunk of that debt is held by pension plans for retirees (both government and private sector). Do you want Grandma to resort to eating dog food?
But when you're constantly running up the credit card to pay for everyday expenses, that's a problem.
And a decent chunk of that debt is held by pension plans for retirees (both government and private sector). Do you want Grandma to resort to eating dog food?
Posted on 10/21/18 at 8:36 am to Parmen
It is so simple, the concept gets away. Suppose every debt holder suddenly came and demanded their debt be paid. It could be paid by simply increasing the money supply, and paying everything off. Done. The problem would be the money we hold as members of society would be watered down, yeah, horrible inflation. That would, of course inflate the debt demanders as well as the rest of us. So the object is to not put all that money out there all at once. There is coming a tipping point, whereupon the interest on the debt we owe will overwhelm the sensible amount of tax revenue collected. That will cause a financial crisis, never seen before. Gold and other precious metals, real estate, wealth in stable commodities, and stable business properties, will be the place to be. Real estate, ownership in necessary item businesses, food, etc. will be the safest.
Posted on 10/21/18 at 8:43 am to Homesick Tiger
quote:
Credit shouldn't have ever been invented
I wonder who invented it
Posted on 10/21/18 at 8:43 am to Parmen
The national debt is not likely to ever be paid off. We seem content to dedicate appx. 8% of federal spending to paying off the interest on the debt, and while that is sure to rise over the years, no one appears to be all that concerned.
A lot of pension funds making solid returns off the national debt.
A lot of pension funds making solid returns off the national debt.
This post was edited on 10/21/18 at 8:45 am
Posted on 10/21/18 at 8:46 am to Parmen
Typically you only care about the national debt if the party you don't like holds the white house.
Posted on 10/21/18 at 8:48 am to Parmen
One can make an argument for not caring if we default, but not caring about spending half a trillion dollars in interest every year strikes me as fricking moronic.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News