US national debt

Old Mar 17th 2018, 5:05 am
  #1  
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Default US national debt

I am never sure how much to believe from news articles, but a trillion dollars a year debt payments sounds concerning. Maybe it is just scaremongering.

In our latest nonpartisan analysis, we found that interest payments will quadruple, topping $1 trillion per year in as little as a decade. That's more than we will spend each year on the military or Medicaid, and as a share of the economy, it is the highest in history.

America's debt crisis is coming -- interest payments will hit a trillion dollars a year
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Old Mar 17th 2018, 11:25 am
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Default Re: US national debt

Originally Posted by mrken30
I am never sure how much to believe from news articles, but a trillion dollars a year debt payments sounds concerning. Maybe it is just scaremongering.

In our latest nonpartisan analysis, we found that interest payments will quadruple, topping $1 trillion per year in as little as a decade. That's more than we will spend each year on the military or Medicaid, and as a share of the economy, it is the highest in history.

America's debt crisis is coming -- interest payments will hit a trillion dollars a year
I think the republicans and their wealthy puppet masters have decided that is only something for future generations to worry about.
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Old Mar 17th 2018, 11:43 am
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Default Re: US national debt

So long as entities keep buying US treasury bonds, the debt level doesn't matter - when the music stops however, the one without a chair is in real trouble.

That's what irritates me about Paul Ryan and the GOP in general - cut taxes and that's fine, but add to the deficit with MCD spending? Hell no!
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Old Mar 18th 2018, 3:26 am
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Default Re: US national debt

The national debt has been a topic for decades. It really blew out under George W. Bush's program of tax cuts coupled with increased government spending.

The founding fathers always intended for there to be a national debt - when the US was new and weak, they thought that if the country had a permanent national debt, creditors/other nations would have a vested interest in seeing it survive (get paid back!) vs seeing it collapse (don't get paid back!).

Of course that was 2+ centuries ago . . .
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Old Mar 18th 2018, 3:37 pm
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Default Re: US national debt

The whole point about The National Debt is that it is NEVER paid off
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