What are the political implications of such unfathomable deep debt?
Flat numbers are meaningless you need to look at debt% of GDP and than you compare to others and then you can see that 100% is not that bad (US debt is around 100% atm)
>>539220664Who do they owe?
>>539220769GDP are mostly made up numbers though
>>539220664100 billion every month in interest.Never see a story on that and how that money would change AmericaThis same group rigs elections to ensure this amount gets higher.Do you vote for the D or R puppets?Show me a MSM network reporting on the fed interest and I will start watching them.
>>539220814Jews.
i crunched the numbers once and its basically what 40% of taxes you pay. just to pay off the interest, not even make it smaller, just 40% every year for the rest of your life.and since trumps responsible for like, 15 trillion, about what, 18% of all taxes your pay for the rest of your life is just going to be paying off trumps debt in your name. shits wild. literally disappearing into thin air.
>>539220997This is insane
>>539220814Other governments, the Social Security trust fund, private retirement plans, and of course banks.
>>539220664As long as there is enough left over for Israel I don't care.
>>539221051and thats pretending that anyone making over a million a year is paying their fair share and not paying some tax professionals to bypass it, so i reckon the numbers much much higher.>>539221092thats the other funny part. everyone goes "yeah what are they gonna do, not pay back china". its not china with the debt owed, lmao, its your own country, just the top 1%. they default, america as a whole defaults, and congrats, your playing fallout 3 irl
The full clock has lots of other useful info.
>>539220664The US economy is still a killer and people trust them to service debt for the foreseeable future. Nothingburger for short.
Each paycheck I have Social Security taken out of my income, and my employer pays the same amount. In theory that goes into a fund, which will pay me back in retirement. But that fund buys treasury bonds, so basically the Social Security tax is just another form of paying for what the government is spending now in exchange for a promise they'll give me some retirement money when I'm old. Will the government keep that promise? If it forgives its own debt, the Social Security fund will quickly be bankrupt, so it won't be able to keep that promise.
>>539221214yeah, so based on this, trump has put every us tax payer 142 grand into debt.anyone feel like they got 142 grand worth of stuff out of the us presidency? not a shitpost, actual question, or would you rather your taxes were 18% lower like it would of been if trump had never gotten in.
>>539221140Millionaires are the ONLY people who actually pay taxes you stupid fuck. Your barista job doesn't even clear 10k a year. You people are so fucking stupid it painful. No we shouldn't be in debt as a nation, but ahut the fuck up about "their fair share" you braindead fucking retard.
>>539221140I think this is the real issue, people making more than they should and not paying their share
>>539221368Knock off the partisan shit. Things went insane with covid, which opened the flood gates on debt. Biden and the Democrats played along with the same shit. Partisans will be the death of this country. Trump sucks. Biden sucked. Republicans suck. Democrats suck. Lolbertarians are insane. Partisans should be lined up and shot. The political class gets away with this shit because assholes like you are willing to burn it all down so you can say your team won. Fuck off and die you piece of shit.
>>539221466for it to make a difference at all, you would need to make the upper tax brackets like 95%, and at that point im sure they would just dump it all into crypto and flee the country, maybe.
>>539220814billionaire pedophiles
>>539220664
Make the millionaires give the government even MORE MONEY to mismanage, that will be a great idea! Then we can all get UBI and just not have to do anything productive and we can still dye our hair blue and take out massive loans for retarded degrees that will never ever amount to anything! It will be great if you just tax the millionaires bro, please, just tax them more they need to pay tbeir fair share bro trust me bro I'm a fucking parasite who has never produced anything and I'm on ssri and I hate my life but let me tell you how the economy works bro they need to pay their fair share by giving more money to the government bro trust me it will work just do it please bro
>>539220769>GDPThis isn't income that the government has, it's income from private citizens. Considering GDP in this equation is NPC behavior. What you're really saying is, "if the government took everyone's money, they could pay this."
National debt increase by administration:Ronald Reagan - 188% increaseGeorge W. Bush - 110% increaseBarack Obama - 74% increaseGeorge H.W. Bush - 42% increaseDonald Trump (first term) - 40% increaseBill Clinton - 40% increaseJoe Biden - 39% increaseThe obvious answer is don't elect Republicans President.
>>539225041>200% reaganholy shit, total mask off jew empire
>>539220664DING DING DING!SELL SELL SELL!
>>539220664Realistically what would happen if all of this debt got paid off completely?
>>539220664Debt is not the same for a sovereign developed market economy. The government is not a household nor a business, no matter what Ross Perot told you.https://www.youtube.com/watch?v=DxpRUuXfgmghttps://www.youtube.com/watch?v=Ev2ZqAgblCEhttps://www.youtube.com/watch?v=__e63RaZ-Ww
>>539228519~$40T would be removed from private sector savings.
>>539220820So is the National Debt.
>>539220664 >40 trillion Boomer DEBT soon>What are the political implications of such unfathomable Boomer debt?I don't know, I'd guess the answer is - Boomers are Bad with Money? The problem is that Boomers are still in control of US gov, and state govs.
>>539228882https://www.youtube.com/watch?v=70xIM45kFK8https://www.youtube.com/watch?v=u0e4afZElBEhttps://www.youtube.com/watch?v=je-1eTl6J0ghttps://www.youtube.com/watch?v=1T0cNheCGughttps://www.youtube.com/watch?v=_E464oOQ6Twhttps://www.youtube.com/watch?v=c4sD-JDVwwQ
>>539220814>Who do they owe?Majority is , I'd say 1/3: 1. Fake, to banksters themselves. Fake created interest on fake created money out of nothing. and 1/3 here :2. to Boomer Pension funds.
>>539225041Meaningless bullshit, % . Show real trillions of $.Also usually next president gets debt created by a previous admin. Clinton tried to "balance the budget" and he stole money from Social Security, show Clinton's actual budget when you subtract stolen SSA money. Also. Congress is singing off yearly budget, and not the president. And in the last decades Congress is controlled by the Democrats. >what are RINOs in the republican party >people who vote how Democrats tell them.
>>539220664>What are the political implications of such unfathomable deep debt?I predict that Trump and Bessent will do a rugpull and debase the value of the dollar with at least 50%. I believe Bessent have actually explicity said that too.
>>539229329>Clinton tried to "balance the budget" and he stole money from Social Security,There is no "lock box" for Social Security. The government can make social security payments the way it pays for everything else -- by crediting a bank account.Payroll tax contributions were a political choice made by FDR to prevent conservatives from trying to take the program away later. There are at all necessary to actually fund the program.https://www.youtube.com/watch?v=DNCZHAQnfGU
>>539229548*They are not at all necessary
>>539220664We should nationalize Elon musk assets a and pay debts
>>539229548>more made up shit. I know that you listen to leftist bullshitters and not look at the real numbers. The issue is boomer pension funds are a Ponzi Scheme, the pensions from the start were all ponzi schemes. And all pensions are too high ,and all pension funds are 20-40% under funded. >don't have TRILLIONS , i.e. >don't have 20-40% of their budgets to fund current extremely high pensions. The boomer gov is basically bankrupt. Would be nice if boomer gov found the balls, and said, we don't want kids and grand kids to go bankrupt, and go bankrupt on their boomer debt. But the goal is for pensioners to live high life, so that in exchange kids and grand kids have to go bankrupt.
>>539220664Although the Japanese government holds the largest share of outstanding U.S. government debt, that share amounts to only 3%.
