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National Debt
- Thread starter serpentdove
- Start date
Federal Debt Nears $20T Pr 22:7, Hab 1:1-17, 2:1-10
Debt Climbs $1,054,647,941,626.91 in '16 :Nineveh: Pr 22:7, Hab 1:1-17, 2:1-10
Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion Pr 22:7, Hab 1:1-17, 2:1-10
Mocking You
New member
Naturally the thing to do is have another $1 Trillion make-work infrastructure spending program. Fix our highways, airports, and hospitals. (I wasn't aware that the federal government was in charge of hospitals and airports, but I digress.) We're livin' in a third world country, ya know! (hang on, my UberEats have arrived.)
Next we should build up our navy so it's twice as big as any other nation. Because, well, modern warfare is fought on the seas. Spend another $500 billion on the military.
And free child care and government sponsored maternity leave.
Cut taxes too. Nothing gets us out of debt faster than adding $1.5 trillion to the debt and cutting taxes.
MAGA!
Next we should build up our navy so it's twice as big as any other nation. Because, well, modern warfare is fought on the seas. Spend another $500 billion on the military.
And free child care and government sponsored maternity leave.
Cut taxes too. Nothing gets us out of debt faster than adding $1.5 trillion to the debt and cutting taxes.
MAGA!
Mocking You
New member
BTW, the largest holder of US debt is the US
The 2nd largest holder is Japan
The 3rd largest holder is China.
The 2nd largest holder is Japan
The 3rd largest holder is China.
Daniel1769
New member
There's almost no one in Washington that wants to do anything about the debt. Only massive cuts to spending would have any chance of actually affecting an absurd national debt...like eliminating entire departments and agencies and drastic cuts to the DOD. It simply isn't going to happen. We won't see a penny cut from federal spending. It will just continue to increase until they can't tax, print, or borrow another dollar and the whole system collapses into an utter depression.
yeah baby! we're #1 !!! :banana:
thank you bammy!
So, we're a whole years GDP in debt.
Is that a lot?
My house cost more than a years salary, am I in too much debt?
Daniel1769
New member
Your house is paid by your money. The national debt is paid by working people's money that was taken from them.
Mocking You
New member
You're comparing apples and refrigerators.
Right Taxes. I pay those too.
Well so what's the other apple? How much should we be in debt? how much is too much?
ok doser
lifeguard at the cement pond
I started out brewing beer and, like many, found out that the same equipment works for hard cider.
Some different steps and some things to learn but less work overall bottle for bottle with making beer.
Mocking You
New member
The amount of your mortgage is fixed and its debt will be retired at a predetermined time. It has a deadline. The US debt is ongoing and will outlive its current citizens. It is added to and taken away from on a daily basis. Your analogy fails.
How much debt is the proper amount?
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I didn't make an analogy,
Mocking You
New member
I see. So you simply decided to bring up your annual salary and your mortgage in a thread about the national debt for fun. For a diversion?
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No, I mentioned it as a conversation starter. As something that people could relate too.
I see relating to people is not your strong suit.