Is anyone concerned about the national debt? (student loan, mortgage, wage)
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Thank you, 16th amendment, for giving congress ability to tax and use the money as THEY wish.
Thank you, good folk, for letting this happen and putting up with their debauchery on your money.
And, according to democrats convention, no, don’t care about debt. .
Ukrkoz, have you been around for the last four years? Have you seen the ACTUAL amount of national debt that increased under Trump? You dare mention the "democrats?" I'm confused.
IMO, this is out of control and a serious concern of mine heading forward. Do we really think we can spend our way to prosperity and not have to deal with the looming debt crisis? Currently approaching $30 trillion, with SS/Medicare to explode by the end of the decade. How is this sustainable? Is anyone else not concerned?
The National Debt is not sustainable at the current level. At $223,000 per taxpayer, and federal debt to GDP ratio a staggering 129.78%, the United States is rushing towards insolvency. My personal opinion is that we have passed the point of ever being able to pay off this debt, which means we will be bankrupt.
For those that say so what, the government will figure something out, let me remind you that the politicians from both sides of the aisle created this, and inept politicians cannot fix it.
I think most Americans are living with their heads buried in the sand, denying the reality of what’s coming.
The National Debt is not sustainable at the current level. At $223,000 per taxpayer, and federal debt to GDP ratio a staggering 129.78%, the United States is rushing towards insolvency. My personal opinion is that we have passed the point of ever being able to pay off this debt, which means we will be bankrupt.
For those that say so what, the government will figure something out, let me remind you that the politicians from both sides of the aisle created this, and inept politicians cannot fix it.
I think most Americans are living with their heads buried in the sand, denying the reality of what’s coming.
This sums up my thoughts exactly. We cannot put this off forever.
This country is going to keep spending as long as the world keeps financing. Once the world realizes that it is not a good deal to keep financing the spendthrift US economy, inflation will increase and interest rates will jump and force belt tightening. We can’t spend other people’s money and run the most bloated government in the world. We spend more on military than next 10 countries combined. Have the most expensive healthcare system with poorer outcomes. Education is another gravy train. We produce less than we consume. At the same time, we are trying to integrate millions from south of the border and refugees from across the world. We are trying to be generous with other people’s money. It is a ponzi scheme and can keep going for a long time. But can collapse like a pack of cards or the way a punctured tire looses pressure slowly. But this has been going on for a long time now and the ponzi scheme continues. But remember not many expected the worst pandemic after 1918 to happen in our lifetimes. So history has not ended by any means. An economic rebalancing might happen when least expected.
Isn't most of this 'debt' just a bookkeeping entry on the Federal Reserve's balance sheet?
So we can simply roll it over with new debt at 0% and it NEVER has to be repaid... just spent!
The bigger issue is if all the US$$ held by other countries and foreigners is repatriated to the US to buy STUFF or sold on the currency markets.
That's when the $#1t will hit the fan and price inflation will inflict pain on ordinary Americans.
Till then, we're still the least ugly girl at the dance so why worry?
Concerned, yes.
Able to balance it, nope.
Not sure how often the feds do an audit, would be interesting to see though how much is fluff to keep the public blind to the waste.
I recall delving into this in a High school course.
Interesting that we have "UNCOLLECTED" fines from Corps that are sitting there. Millions . But its typical to say that wouldn't make a dent in the overall deficit. I say, ohh just try. It can't hurt now can it? Anytime you can lower it, its a step in the right direction.
IMO, this is out of control and a serious concern of mine heading forward. Do we really think we can spend our way to prosperity and not have to deal with the looming debt crisis? Currently approaching $30 trillion, with SS/Medicare to explode by the end of the decade. How is this sustainable? Is anyone else not concerned?
It's not sustainable.
I'm beyond being concerned.
I'm preparing for a collapse because the momentum is just too strong at this point. People are waking up, but not enough of us, and not fast enough. Something horrible will have to happen before enough people will be willing to change their current way of thinking about things.
I am not happy about this, but I accept it.
Last edited by mysticaltyger; 03-12-2021 at 12:17 AM..
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