The "Sum" Of The National Debt Is Not An Apparent Talking Point?

[rruff]

Originally Posted by FloridAussie

I think people sometimes miss how much policies like these (basic income and such) would actually INCREASE individual liberty, but also make sure our VALUES as a society aren't abandoned for financial reasons.

Good to hear some sanity for a change.

[Hoonose]

Originally Posted by rruff

Guess who will win that battle? They aren't stupid.

They also own a ton of US paper. By further deflating its value they'd only commit economic suicide.

I thought you wanted to deflate its value?

[rruff]

Originally Posted by Hoonose

I thought you wanted to deflate its value?

I do.

If the Chinese get into a currency war, then it will force us to deflate the US$ value even more, which will further depreciate the trillions of US$ they own. They'd be shooting themselves in the foot.

We don't have to reduce the value much, just enough to close the overall trade gap. Merely signaling the intent to close it, would likely be enough.

[Hoonose]

Originally Posted by rruff

I do.

If the Chinese get into a currency war, then it will force us to deflate the US$ value even more, which will further depreciate the trillions of US$ they own. They'd be shooting themselves in the foot.

We don't have to reduce the value much, just enough to close the overall trade gap. Merely signaling the intent to close it, would likely be enough.

I don't see a war needing to happen. Although a Trump might push it.

China over time is and will be able to buy more of what it needs in the world with Yuan. USD debt will remain a good and stable enough store of value for China to keep for diversity sake. But a few $T of depreciating USD will not break them. And less of a bind moving forward.

[CPPU12345]

Originally Posted by openmike

I 'm not pretending to be a financial wizard inspite of being an investment prodigy ( in my own mind)
but hey my little lambs we are cash debted 19,166,147 ,019, 500,50 albeit 19 trillion in "cash debt".
Moving along it must be forbidden ( nobody cares) to add another 85 trillion ( oh my!!) via ENTITLEMENTS!!! Just The cash Government cash debt ( not including 4 trillion consumer debt) you would need $59,445 from every single US person (over 333 million) . So start writing checks $8.25-12.00 hourly suckas!! Seriously, we are 215 years from recovery and it needs to be said just in case some real prodigy can dig us out!!!

You are scary. I not talking to you.

[Hoonose]

Originally Posted by CPPU12345

You are scary. I not talking to you.

No one is asking you for $55,445. Our National Debt will not ever need to be paid down, as would a personal loan by you or your heirs. Our Nation is expected to be immortal along with its debt.