Yikes.. Glad I’m old.
Ask who is buying government obligations. Could it be ..... the chicoms? Could it be they want to own this country in a few years without firing a shot?
Hey, it’s only money. Right?
Our so called best and brightest up in D.C. for decades have drove us to this point. Whether it be a pandemic or yet another 2-4 Trillion dollar war...we are between a rock and a hard place.
So...what are we to do? The Chinese communist virus put millions of people out of work...are we to say..tough luck y’all.
The economy would be in worse shape now if we had not began stimulus to help Americans. Damned if we do and damned if we don’t. Some day, all these trillions are gonna catch up to us.
The dollar is still incredibly high against other currencies and inflation low. All the doom and gloom of the 80s with debt and trade deficit never happened.
$30 Trillion, $40 Trillion . . . doesn’t matter.
After the coming war there will be a new currency.
Maybe “$$”, Rand fans?
This is only the tangible, official national debt being discussed here, isn’t it?
I’ve heard that “unfunded liabilities”, primarily Social Security future obligations, are close to $100 trillion by some estimates.
Where the heck all this money would come from is unclear.
Who cares! It’s all just “funny money” anyway. (NO sarc tag)
We spend funny money, we can print more to pay off the debt. We’ve been doing that for YEARS!
I’ve heard the Conservatives wail about this for YEARS!
DOOMSDAY is coming! Yet, it NEVER arrives.
Social Security is going BROKE!
Regan fixed it! (temporarily), we can do it again. We WILL do it again.
So, the national debt is just an accounting error. We can fix it anytime we want with MATH.
(Don’t flame me. I NEVER read replies and I don’t really care what you think)