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Topic: No worries.. US debt per person only trippled from 2004-2015 - page 3. (Read 4470 times)

legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
So what?  A lot more people are buying their own homes too.  Debt per person isn't really the greatest indicator.

When paying the interest on the national debt is more than our budget...it will cause some problems.

Current interest payment is $430 billion.

The proposed Defense budget for this year is $526 billion. We will soon be paying more in interest than for our national defense.

If some politician says they have some plan for fixing the budget and it does not include addressing the huge debt, they are feeding you a pile of shit.

what possible answer could there be to address a debt that size ? im intrigued which politician can pay off 18 trillion and what with and over how many years if if the interest alone is $430 billion and growing by the day  ?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
So what?  A lot more people are buying their own homes too.  Debt per person isn't really the greatest indicator.

When paying the interest on the national debt is more than our budget...it will cause some problems.

Current interest payment is $430 billion.

The proposed Defense budget for this year is $526 billion. We will soon be paying more in interest than for our national defense.

If some politician says they have some plan for fixing the budget and it does not include addressing the huge debt, they are feeding you a pile of shit.
legendary
Activity: 2156
Merit: 1131
So what?  A lot more people are buying their own homes too.  Debt per person isn't really the greatest indicator.
IMO, the greatest indicator is income. Income does not increase as fast as debt. Now a large part of their income comes from the fact that the house will increase in price later, which is only possible to maintain by more borrowing and more money printing. It can still last for a while, but once you have been on this track for too long and you suddenly find out it is a dead end, maybe there is no way to go back by then

Any estimation on when could this happen ?
 
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
So what?  A lot more people are buying their own homes too.  Debt per person isn't really the greatest indicator.

IMO, the greatest indicator is income. Income does not increase as fast as debt. Now a large part of their income comes from the fact that the house will increase in price later, which is only possible to maintain by more borrowing and more money printing. It can still last for a while, but once you have been on this track for too long and you suddenly find out it is a dead end, maybe there is no way to go back by then

legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
What happens if China or Japan asked for their 2.5 trillion back?

Is that even possible?  Will it just be unpaid forever or will they print more money and send it back?

I don't know how it works tbh....?
legendary
Activity: 2296
Merit: 1031
So what?  A lot more people are buying their own homes too.  Debt per person isn't really the greatest indicator.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
The real danger behind this is that a large part of the fiat money are backed by these debts

When the debt defaults, so goes the value of those fiat money, then the confidence about currency becomes weak, there will be inflation, and FED can only raise interest rate as a counter measure. However, that will trigger another round of assets selling, which further weaken the value of the assets that backing those currency, causing more panic inflation. Then there is no point of return
legendary
Activity: 2156
Merit: 1131
 
I can't wait for the big collapse. I'm loading my popcorn stock.
legendary
Activity: 1260
Merit: 1002
when all countries are debt ... the RESET of financial system is more easy ... (FMi)




"Enact Immolation Initiative"

legendary
Activity: 1512
Merit: 1012
when all countries are debt ... the RESET of financial system is more easy ... (FMi)

legendary
Activity: 1204
Merit: 1028
Thats why when they say "USD IS RECOVERING!!!" they never talk about shit like this. Its a massive scam.
Q7
sr. member
Activity: 448
Merit: 250
And who says bitcoin is not the solution to all these problems.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
usa is in debt by 1.3 trillion to china and 1.2 trillion to japan iirc  but majority of the debt is homemade
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
I think that the better graph would be the one that shows the colors based on debt as %GDP.
Just it's not loading up for me Sad

Also, imho, more alarming is that in US the public debt change is >10%
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
The United States does not have an "EU" to implement austerity measures.

We know that, the US is a free country, its federal reserve can print as much money as it wants. Up to the point where people suddenly realizes that always creating more money creates more problems than it solves, and that the faster the money is created, the faster it depreciates.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

its not in their best interests to  keep it updated ........its going to get bigger until it collapses
but nobody wants to say  what happens when the music stops ......
just keep printing away is all they can do now .......imagine the compounded interest on 18+ trillion


Looking at Q3 2014 it shows that the debt to GDP ratio is over 100%. This is when bad things start to happen.

Greece passed 100% in 2005. The first austerity measures were implemented in 2010 by the EU to save the Greek economy.


The United States does not have an "EU" to implement austerity measures.

the US government can keep borrowing "new treasuries"  from the "fed"
i dont see what else they can do and if anyone says  no all the banks will fail at once ?
i read somewhere that debt to GDP is/ was at 108% recently so it maybe fucked even more than greece on paper anyway .....
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

its not in their best interests to  keep it updated ........its going to get bigger until it collapses
but nobody wants to say  what happens when the music stops ......
just keep printing away is all they can do now .......imagine the compounded interest on 18+ trillion


Looking at Q3 2014 it shows that the debt to GDP ratio is over 100%. This is when bad things start to happen.

Greece passed 100% in 2005. The first austerity measures were implemented in 2010 by the EU to save the Greek economy.


The United States does not have an "EU" to implement austerity measures.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

I checked the map. It is saying that all the countries have some debt, even the green ones. I wonder, then who is lending ? I mean, is there any country without a debt ?

p.s. Sorry, I'm not good in economics.

The United States issues Treasury Bonds. Anyone, including US and foreign citizens, can buy those bonds. Some foreign governments also buy them for the stability of the investment.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
As above, so below. Americans are only following the example of their elected leaders.
sr. member
Activity: 448
Merit: 250
I'm a Web Developer: HTML, CSS, PHP, JS.
U.S.A is the country that didn't take personal finance in highschool...
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