How deep in debt is the average berniefag?

Methnerd
Methnerd

How deep in debt is the average berniefag?
Do you trust this person to understand the economics of a deficite?

All urls found in this thread:

wallethub.com/blog/credit-scores-by-candidate/19911/

Evilember
Evilember

How deep in debt is the average berniefag?
Many of them.

Do you trust this person to understand the economics of a deficit?
Fuck no.

TurtleCat
TurtleCat

bernie sanders is no longer running for president, what is the point of this thread

ZeroReborn
ZeroReborn

I'm curious as to the consensus about feelthebern.jpg fags

Sharpcharm
Sharpcharm

$300k i think? I was counting on Bernie getting elected that's why I majored in Eskimo lesbian virtue signalling. he fucking sold out I'm so triggered right now I can barely breath. At least I have my blubber to live off

Burnblaze
Burnblaze

His plan to tax losing stock trades could have met with a better reception.

New_Cliche
New_Cliche

implying "conservatives" are any better

Nojokur
Nojokur

I've got close to $20k in savings and zero debt after my first year of working.

How deep in debt is the average Trumpfag?
Do you trust THIS person to understand the economics of a deficit?

Spazyfool
Spazyfool

its not about what he does its about his character and personality and what he can relate to in life and the world

Stark_Naked
Stark_Naked

wars cost money

Nude_Bikergirl
Nude_Bikergirl

Reagan
Conservative

Literally the best Democrat the party has ever had.

He was such a good Democrat that Republicans today want his ghost

Poker_Star
Poker_Star

mirin that shirt

PackManBrainlure
PackManBrainlure

I have $50k and I've never had a job in my life.

Sharpcharm
Sharpcharm

leftists
understanding economics

If they did, they wouldn't be leftists.

CodeBuns
CodeBuns

wallethub.com/blog/credit-scores-by-candidate/19911/

Harmless_Venom
Harmless_Venom

j-just raise the debt ceiling!

Spamalot
Spamalot

How deep in debt is the average berniefag?

I'd say the average student loan plus a donation here and there so 30 to 40k on average.

Do you trust this person to understand the economics of a deficite?

His only plan was to make "wall street" pay tax, and while I agree that there are incredibly rich people out there who don't pay enough tax or any at all, even if we did tax them, we couldn't pay off even a quarter of the national debt, let alone give everyone free education and healthcare.

It's no wonder most of Bernie's supporters were still in high school and had zero understanding of economics.

Illusionz
Illusionz

That shirt trumps anything you say about the dude tho

CodeBuns
CodeBuns

Just the five last already go war-war-tech bubble-war-financial bubble. Yeah democrats are always doing so good, it has nothing to do with unrelated events.

Harmless_Venom
Harmless_Venom

Ah yes, the enormous spending in Invasion of Granada.

Poker_Star
Poker_Star

Watching and reading the Bernie fags made me cringe this election. Seriously, this time it was Bernie, last time it was Ron Paul. What is this obsession with someone who will not win? And to make matters worse some people sold their cars to finance this asshole. The entire time preaching how bad Wallstreet is and now that he lost he is supporting the biggest Wallstreet shill I can remember. He took all those libs for a ride.

Spazyfool
Spazyfool

Remember Trump called himself "the king of debt"
Debt is the only fabric holding America together right now, all that debt is someone else's asset and income stream. The American economy isn't based around generating industrial profit but extracting interest and rent.

Sanders actually had a slight chance... he almost beat Hillary
Ron Paul was always to fringe to get the GOP nomination against someone like Romney

Raving_Cute
Raving_Cute

That chart is wrong or outdated. Also, talking about percentages is meaningless. Reagan increased the national debt by 1 trillion. Bush by 5 trillion. Obama by 8 trillion. Under Obama the US has accumulated more debt than under all of the previous presidents combined. So stfu with that graph.

Harmless_Venom
Harmless_Venom

Wtf are you retarded or trolling?

JunkTop
JunkTop

Eskimo
Triggered

Emberfire
Emberfire

cuck cuck cuck
What the fuck is this
Did this shit escape /tv/?
Can we just get rid of /tv/?

haveahappyday
haveahappyday

/pol/ seriously needs to fuck off

debt BAD
seriously turn your fucking computer off, go to the library and read a motherfucking book you fucking inbred hicks

takes2long
takes2long

I donated all of the money from my college loans to the Bernie campaign. Am I fucked?

Emberburn
Emberburn

Yeah but debt to gdp has consistently shrunken

Firespawn
Firespawn

Look like people are poor so they need money but they are unemployed, but they also need education and medical attention. So what if like we make everything free and like people don't have to worry about those things anymore?

Makes sense to me.

CouchChiller
CouchChiller

I'm about -$25k in debt thanks very much

Lunatick
Lunatick

this

Bidwell
Bidwell

Wtf no it hasn't. Debt to gdp is at 110%. It's never been this high.

Gigastrength
Gigastrength

debt isnt bad
Gee buster why don't you open up a book? I recommend basic economics by Thomas Sowell.

PackManBrainlure
PackManBrainlure

he fucking seriously thinks debt is bad

Holy SHIT AUSTRIANS OUT NOW REEEEEE

DeathDog
DeathDog

user debt is very bad

massdebater
massdebater

Debt is something you use to obtain an asset without fucking around waiting until you have the money to pay for it outright. Particularly useful if you're using it to obtain something that will appreciate or provide value over time; the longer you have that asset, the more money you make, thus the more advantageous it is to get it earlier by leveraging debt.

Debt is only bad when the asset depreciates or is consumed.

BunnyJinx
BunnyJinx

Prob around $100K in debt if the bernfag in question has an advanced degree.

GoogleCat
GoogleCat

thinking your shitty cuckshed is an "asset"

viagrandad
viagrandad

he isn't aware of the current real estate situation

This place is fucking infested with poors.

cum2soon
cum2soon

Do you know how leverage and risk works? Debt is bad when banks and countries become insolvent you idiot. What do you think caused the 2008 housing crisis?

idontknow
idontknow

makes me pretty disappointed to see Nintendo game artwork used in such a warped way

whereismyname
whereismyname

Debt is the only fabric holding America together right now, all that debt is someone else's asset and income stream. The American economy isn't based around generating industrial profit but extracting interest and rent.

scary thought

Crazy_Nice
Crazy_Nice

as a general rule of thumb and we are not talking about manipulated markets or special cases is this never happens.

you always pay more on a debt than what interest you could get on a safe investment. usually about 3-6 times more.

Lord_Tryzalot
Lord_Tryzalot

I don't think you know how to read this chart

King_Martha
King_Martha

anyone seen my sides? they must be on orbit now.

Lunatick
Lunatick

financial bubble
obama
but Bush2 is the one who got all the good parts of the bubble, obama got the pop, also maintained all the same wars as Bush2... how do you explain this?

Crazy_Nice
Crazy_Nice

morons

viagrandad
viagrandad

1 trillion in Regan money is a big deal compared to 8 trillion in Obama money

A dollar today is worth more than a dollar tomorrow.

takes2long
takes2long

People in the real estate market being too willing to make a profit by selling houses to people who clearly were not financially savvy and would not be able to pay them back. They booked revenue, reported gains and made out like bandits without actually getting the actually payments from the customers because they were assuming they'd be paid back some day.

King_Martha
King_Martha

The chart is irrelevant. Percentages hide the underlying truth behind them. Under Obama the national debt has doubled. Do you know what that means? It means that the debt has increased by 100% little guy.

Soft_member
Soft_member

retard

Poker_Star
Poker_Star

A one hundred percent increase in debt today is nowhere near as bad as fraction of that amount in yesterday's money. Its even worse for presidents who increased by over 100% in yesterdays money. If you cannot undestand this, you probably dont belong on Veeky Forums because you probably think 1 dollar from 1990 is the same as 1 dollar in 2016.

Fried_Sushi
Fried_Sushi

Yes, I'm sure anyone over the age of 16 has a general conception of inflation. Your guestimation of the U.S. dollar value in the 1980s compared to now is way off. Nice try of being insightful.

Harmless_Venom
Harmless_Venom

you are retarded doesn't matter what a dollar is worth a 100% increase in debt means you got twice as much debt unless the inflation is also 100%.

Soft_member
Soft_member

Berniefags were morons. It was stacked against him from the beginning. I saw many of my friends who were in $50,000+ in student loan debt donate money to the Bernie Sanders campaign.

Meanwhile, I didn't donate to Bernie and have a net worth of $300K with two degrees.

Methshot
Methshot

no u!

but seriously anyone that brings up debt as a positive thing is beyond retarded. when you are in debt you are taking prosperity from the future. it's only a valid move if you can increase your productivity more than what you pay in interest. in this case debt is the rational move. consumer debt is the fucking single most imbecile thing to do unless... it's 0% interest. which sometimes happen but usually you could get that product cheaper somewhere else. i had 0% interest loans on furniture and whatnot that was not available anywhere else. i'm not sure if it's generally worth it the hassle is huge but if we are talking about lot's of money and liquidity problems sure why not.

TechHater
TechHater

Do you trust this person to understand the economics of a deficite?
a socialist

FastChef
FastChef

Remember: decreasing taxes increases the deficit too, "fiscal conservatives".

AwesomeTucker
AwesomeTucker

decreasing taxes
It can, but it can also boost revenue. All depends on your starting point.
Particularly if the tax rate is perceived as high enough to warrant pursuing expensive loopholes.

Sir_Gallonhead
Sir_Gallonhead

How exactly does modern civilization plan to pay off the massive current debt when economic growth is slowing down every year?

Historically, EVERY government has defaulted on their debt

SniperGod
SniperGod

it's only a valid move if you can increase your productivity more than what you pay in interest.

Oh, so debt ISN'T bad unless you are literally retarded.

TurtleCat
TurtleCat

Has cutting taxes ever provided enough growth to generate a surplus? No? Obviously the cuts weren't deep enough.

LuckyDusty
LuckyDusty

Interest rates are going down too, even going negative in some cases.

CouchChiller
CouchChiller

Tax rates are lower than they have been historically in the us. Same with corporate tax rates. Yet offshoring funds in tax havens is at least as common (some evidence points to it being more common) today. You pretty much have to have a tax rate undercutting Luxemburg or hong kong for a tax rate decrease to increase revenue. Gtfo with your laffer curve nonsense.

GoogleCat
GoogleCat

Tfw giving the election away to Trump bc still salty about muh free stuff candidate not winning against Hilldog
Lol th-thanks berniefags

happy_sad
happy_sad

Has cutting taxes ever provided enough growth to generate a surplus?
You mean before the government got their hands in there and wasted it?
Too many times to count.
Read a book.

Same with corporate tax rates
Sure, they're only the third highest in the entire world.
Shocker no one wants to repatriate their cash.

lostmypassword
lostmypassword

I liked bernie enough to vote for him in the primary

debt
$0 from me
Do you trust this person to understand the economics of a deficite[sic]?
yes

Methshot
Methshot

I believe he means deficit to gdp, which is going down

Methnerd
Methnerd

have a net worth of $300K
implying that's impressive

Carnalpleasure
Carnalpleasure

How old are you? How have you dodged having a job?

AwesomeTucker
AwesomeTucker

Trumpfag
140k debt looking to double it in order to buy an asset with an NPV of 650k with a discount rate of 8% according to most estimates.

viagrandad
viagrandad

It puts him in the top 10% of global wealth if unencumbered by debt.

Playboyize
Playboyize

what?

debt is not bad if it lets you earn more money than what being in debt costs you that is pretty obvious, altho being in debt is a hassle even then if you can avoid it you should.

but 99.99% of people that take out loans fail at this criteria. so generally speaking debt is very very bad.
usually when people think they will increase their productivity or can buy assets that will grow in value more than their interest rate are simply deluding themselves and pretty much throw their money out the window.

Need_TLC
Need_TLC

basement dwellers believing cutting taxes and increasing spending is economic prosperity.
This is why the country has a huge debt. Obama ended that party train which is why you dweebs hate him. He stopped giving you free money. If anything you guys are niggers not him. He cut off your supply of free money.

King_Martha
King_Martha

Lol at all the crying Berntards.

5mileys
5mileys

hurr durrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr they disagreed with me
They must be berinefags
This is why I loved this board. I get to shit on retards like yourself. By the way I'm not a Berniebro. Veeky Forums is just filled with potato tier trump supporters or retards in general with no grasp of economics.

Techpill
Techpill

What? I didn't quote anyone that had disagreed with me; I simply pointed out obvious Bernouts, such as yourself. And, don't get you panties in a twist, try to keep that triggered-level low. Breath and count to ten.

Methnerd
Methnerd

I don't quote anyone that had disagree with me
calls them berntards
Like I said I don't support him but its obvious you get triggered by their responses. Now you're just posting shit tier memes to justify that you are superior and right. Again you're at home because you are a potato who only can respond in memes.

StrangeWizard
StrangeWizard

is the national debt something to be worried about since most of it is owed to the the US

New_Cliche
New_Cliche

On the contrary obama has printed more money for wallstreet than bush ever could. Why do you think the major networks support dems.
Eliminate bond gains and force risk averse people into a volatile market where they are disadvantaged and inexperienced.
Why do you think value raiders like buffett support them?

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