Or they can paid it with printing money
Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.
And the savers will lose a lot too.
Topic: When will the USA pay their debts, if ever? - page 5. (Read 20979 times)
Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.
And the savers will lose a lot too.
Or they can paid it with printing money
Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.
The question shouldn't be whether the government should pay the debt, but whether we should pay for our father's sins.
I haven't read this whole thread, but isn't the point with this sort of debt that it's never paid off and the debt is perpetual? It's not even realistic to pay it off ever so the cycle just continues.
The the debt will be eventually paid off, no question about it, but it will be at the expense of the GDP.
You see debt is like negative money, it creates a vacuum, and until its managable, it works fine, but as soon as you cant pay it back, it will negate all the collateral that it has.
Now the US collateras is the treasuries which the majority of companies hold, if they default, they go bankrupt.The rest is held by the FED, which will jsut print money, and create inflation.
So the debt will be substracted from the GDP, if the debt collapses, it will take atleast as much amound of the GDP as it was valued at, but because the debt is more than it is, it will collapse the whole world with it, especially those countries which hold a lot of USD, or have US trade relations.
I haven't read this whole thread, but isn't the point with this sort of debt that it's never paid off and the debt is perpetual? It's not even realistic to pay it off ever so the cycle just continues.
I really don't think that the USA will ever completely pay their debts, unless they just continue to print enough money to do so...
It is possible, however entitlements will need to be vastly reformed in order for this to be possible. The US last had a budget surplus in the late 1990s/2000 and it could potentially pay off the national debt in only a few decades.....assuming that is what congress decides to do with the surplus; the last time we had such a surplus congress decided to lower taxes (and stimulate the economy)
Nope its not, with the current speed its not, it has aldready reached the critical mass.
If they were to cut the pensions and government aid to 0, that might do the trick, but also they need to dismantle 99% of their armed forces aswell.
Now cutting the social stuff cant be done because that would be a political suicide and people would really get upset.
And they cant also dismantle their troops as Russia becomes now more threatening than ever as now it allies with China.
Also they got some "friends" in the middle east too, so they rely heavily on their armed forces because of their so great foreign policy.
Other than this, the only viable option is top print dollars Weimar Republic style, and you can see soon the 1 trillion dollar bill /coin as the previous poster posted
Mint a few dozen of these should do the trick.
These numbers mean the number of tears sheds at boat missers that didn't buy when Bitcoin was piss poor (aka now) after Bitcoin goes above ATH and beyond.
I really don't think that the USA will ever completely pay their debts, unless they just continue to print enough money to do so...
It is possible, however entitlements will need to be vastly reformed in order for this to be possible. The US last had a budget surplus in the late 1990s/2000 and it could potentially pay off the national debt in only a few decades.....assuming that is what congress decides to do with the surplus; the last time we had such a surplus congress decided to lower taxes (and stimulate the economy)
They will never here is why:
If they keep the interest rates as it is now at 0%, then the following will happen, the inflation will rise as hell.So they have 2 options:
ᴑ Increase the interest rates, whereas i think a 4% interest rate rise will make the yearly rate more expensive than the income of the federal govt
ᴑ Keep them at 0, but then the inflation will rise inevitably, perhaps if the debt becomes larger, do some more QE to ease the debt
If they raise the interest rate, they will have to default, and their government goes bankrupt.
If they keep it at 0 and/or do more QE, then hyperinflation will come, and good luck with that, that will destroy the economy.
Also there is a 0.0000000000001% chance that the GDP could rise more than the debt/year, and the debt/gdp ratio could shrink, but that wasnt the case in the last 15 years or so, it always rose except in 2007 and 2008 when the GDP itself shrunk to ease some of he debt. But given that even with 0% cheap money they can barely make a 0.25% GDP raise, they can hardly outgrow their debt, thus, they will have to choose an outcome of the 2 above
If they keep the interest rates as it is now at 0%, then the following will happen, the inflation will rise as hell.So they have 2 options:
ᴑ Increase the interest rates, whereas i think a 4% interest rate rise will make the yearly rate more expensive than the income of the federal govt
ᴑ Keep them at 0, but then the inflation will rise inevitably, perhaps if the debt becomes larger, do some more QE to ease the debt
If they raise the interest rate, they will have to default, and their government goes bankrupt.
If they keep it at 0 and/or do more QE, then hyperinflation will come, and good luck with that, that will destroy the economy.
Also there is a 0.0000000000001% chance that the GDP could rise more than the debt/year, and the debt/gdp ratio could shrink, but that wasnt the case in the last 15 years or so, it always rose except in 2007 and 2008 when the GDP itself shrunk to ease some of he debt. But given that even with 0% cheap money they can barely make a 0.25% GDP raise, they can hardly outgrow their debt, thus, they will have to choose an outcome of the 2 above
Just print more money! 
US of A will start WW3 so we can all start over again.
I really don't think that the USA will ever completely pay their debts, unless they just continue to print enough money to do so...
Try to understand that pretty much every country in the world has external debt. Here: http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
Of the 190 countries listed, only 7 (seven) have no external debt.
All this debt is denominated in USD, the stuff the local lunatic fringe claims we print "out of thin air."
Therefore, according to them, the only thing needed for US to pay off all of its external debt is this:
!. Fire up the printing presses.
2. Print fuckton of $$$
3. Pay off National debt.
4. PROFIT!
I really don't think that the USA will ever completely pay their debts, unless they just continue to print enough money to do so...
^
>prob'ly Randian liber
>complains about successful people succeeding
Get good, bro, and you'll be heard too
>prob'ly Randian liber
>complains about successful people succeeding
Get good, bro, and you'll be heard too
I'd settle for hearing others less.
^
>prob'ly Randian liber
>complains about successful people succeeding
Get good, bro, and you'll be heard too
>prob'ly Randian liber
>complains about successful people succeeding
Get good, bro, and you'll be heard too
With a democracy everyone's voice/opinion can be heard equally which promotes fairness.
In theory. Practice has a funny way of not following theory though. In America, your voice is heard much more equally if you have millions of dollars to spend on political ads.
With a democracy everyone's voice/opinion can be heard equally which promotes fairness.
It is also better then the other kinds of political systems as all others as the will of the very few (less then 1%) is imposed on everyone else and violence is often used to enforce it.
It is also better then the other kinds of political systems as all others as the will of the very few (less then 1%) is imposed on everyone else and violence is often used to enforce it.
Russian democracy is very different from American democracy. There is no consensus on what democracy actually is.
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