How is this not the single biggest threat to our country? Do people really think that this is sustainable...

How is this not the single biggest threat to our country? Do people really think that this is sustainable? Or that it's even going to change?

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read "The Emperor's New Suit."

>country's been completely fucked since 2008 but no one wants to admit it.

It's only a worry when there is a democrat in charge.

Like now.

thanks to Obeezy Republicans are now democrats and the Democrats are just communists.

>was their guy till he shlonged hillary

hes being intentionally ironic

how could anyone possibly believe this

its when they spend their time in echo chambers

Imagine you're one of those old timey companies that owns the whole town and pays workers in "company dollars" (scrip) that's only usable at the company store. Now imagine you sell "company bonds" to you workers, which cost 980 company dollars, can be redeemed after five years for 1000 company dollars, but can't be used at the company store. (However, workers are free to trade company bonds among themselves.)
Does the volume of outstanding company bonds actually matter to you, the company? More importantly, since you're the issuer of both company dollars and company bonds, are either one of these "debt" in any meaningful sense? If your workers start telling elaborate stories among themselves about the "company bond market," that the "company bond traders are going to discipline the company," do you give a shit?

i understand the analogy but what happens when people can't get redeem their "bonds"? what happens when we have to default because of a lack of budget?

The republicans haven't changed much.
The democrats are just being mutinied by all these radical groups they've been pandering too for decades.

The world collapses. The entire global economy hinges on "too big to fail" businesses. We're doomed for another Great Depression, this time on a global scale.

Accurate

Dawg what are you talking about can't find that shit anywhere

You forgot the part where they binds were paid for by a different company, who will definitely want that money back at some point

The point of the analogy is that company dollars and company bonds are fundamentally the same thing, because the company issues both of them, and has unlimited capacity to do so. For the company, it's just paper for paper, and the same is true for the workers--while I did point out that the company store doesn't accept bonds, the fact that bonds are marketable means that workers can always trade back into dollars, if both are available among the workers. So while one typically now says "won't somebody think of Zimbabwe!" the problem is, dollars and bonds are not so different that Zimbabwe was actually about the ratio of dollars to bonds.

Is it? We seem to get away with murder when Democrats are in charge. Guantanamo Bay Prison was an outrage under Bush, but it was suddenly okay under Obama and never mentioned again. We can literally indefinitely detain and torture people until they die of old age if a Democrat says its okay.

Because debt is imaginary

>Democrats, not Republicans, catering to extremists in the party
Have you not heard of the Tea Party?
It isn't. Under Clinton we had a budget surplus, that was immediately turned into a record debt by the Bush era tax cuts. Tax cuts for the wealthy don't help the national debt or the economy. The rich will just reinvest the extra money in ways that make them richer. The middle class will invest some of it, and use the rest on "luxury" items and entertainment, thus boosting the economy. And the poor will spend it on necessities that they are currently forced to choose between.

the largest reason why i wont vote for either major party, different clown in charge, same increasing debt.

neither party cares about our future because neither party is doing shit about our debt.

so is the value of paper and coin money. the implications are real though

>workers can always trade back into dollars
if the gov defaults then the market value goes down is the whole point

You're dumb

Having a surplus does not mean you aren't in debt you retard

Same in Canada, the commies (Trudeau Sr in our case) sold us out to the bankers who have set themselves up with infinite wealth, except for it to work there needs to be purpetual growth in workers and productivity, hence the unfettered immigration to import more debt slaves. Usury should be illegal and we shoule declare it such now, in the future, and the past, and demand justice and the return of our stolen prosperity.

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Do you honestly think that we're ever going to pay that off?

No, and no one can make us either

If China stops selling you cheap shit America will collapse, so they can actually

Haggling

Who do we owe the VAST majority of that money to?

Ourselves.

Again, the point is that the company (or government) issues both dollars and bonds, and has unlimited capacity to do so. Redemption of bonds is just a trade of one kind of paper for another. The only way the company (or government) can fail to redeem bonds is if it chooses to (or if it runs out of paper, I guess).

China

You have no understanding of what you're talking about

so are you assuming that the US will forever be the world's reserve currency and be able to abuse that status and keep piling on debt as if it doesnt matter?

the world is always changing and only a naive person believes this can continue indefinitely.

i think you're lost

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cringe

Shut up and BUY HALLOWEEN CANDY

It doesn't matter if it's a dem or a repub calling the shots we are still gonna keep getting fucked in the ass