What went wrong?

What went wrong?

Other urls found in this thread:

en.wikipedia.org/wiki/Modern_Monetary_Theory
twitter.com/SFWRedditImages

Independence.

Universal suffrage

Absolutely nothing. Imagine having a government that is so fucking stable, that other nations and your own people are allowing your debt to push over 20 trillion dollars.

If only you understood how National debts actually worked. That being said we are on a Persian rug trading board, so I don't think most of you brainlets really understand

lack of consensus on how to quantify the time value of government expenditure

t. Wall Street ‒ 1928

Reagan.

>that other nations and your own people
Trust me when i say this. If it was up to the American citizens and other nations. America wouldn't have been allowed to rack up even half of the debt they currently owe.

Who do you think is lending them money

...

> implying the debt means jack shit
> implying our GDP isnt massive and growing allowing us to have this debt
> implying the "foreig aid" and military bases that we pay for do not secure our interests in almost every region in the world
> implying we dont overturn regimes on a whim
> implying our peeps dont have the most secured freedoms and best standard of living
> implying we don't rule world economics with our speculation based market and intellectual property based corporations
> implying we didnt kill the last guy who tried to seriously restart the gold standard in world trade
> implying that we dont have the largest reserve of gold if that shit does actually go down
> The US has made itself an essential part of many other country's economies through globalism
> If the US collapses it will be terrible for everyone, not just inthe west but in the east too. It will be a total economic collapse.
> We have military superiority. Economic security in global trade. Comfortable living and freedom that attracts the worlds best and brightest.

People who complain about the debt are comparing it to their own shitty finances and don't realize the primo position that the US has placed itself in.

Debt is meaningless when you have nuclear weapons and enough natural resources to achieve autarky.

Why are political cartoons so fucking on the nose?

It's supposed to be crass, it's a satire of political cartoons. Nice penis-skeleton yokai, though.

>Implying America isn't spending $266 billion of their 2017 national budget servicing their fucking debt

It may be small relative to the budget, but $266 billion isn't chump change.

Capitalism doesn't work.

en.wikipedia.org/wiki/Modern_Monetary_Theory

nothing :^)

Debt by itself is a meaningless indicator, debt-to-GDP ratio is more significant.

irrelevant
Any shlub who gets on the news and tries to induce fear over the debt is either a liar or an idiot. Im not the only one dude, look into modern economics more:

Holy shit, someone has a modicum of understanding of economics on Veeky Forums

thank you for existing user

>a boner

>future generations chest-deep in debt
Haha, serves you right!

The goverment needs to stop getting into expensive over seas wars

Even then...

There's a lot of fear mongering about the debt, but you are really underselling the fact that it is a problem. Servicing the debt requires continual growth in GDP, which means continual growth of the labor pool.

Right now there's no replacement for the baby boomers. When they retire, it's not only less people in the workforce, but they'll also reduce their spending, and that cuts into demand. Then add in the fact that people are living much longer today, and there's basically no way the workforce can support 15+years of retirement for the boomers.

The easiest solution would be to have immigrants fill the gap, but increasing immigration quotas isn't that popular.

Da joos

America's public debt to gdp ratio is 73.80% (CIA factbook), 106.71% total gross (IMF), or 87.859% net (IMF). That's fucking nothing.

Liberalism

It sounds like you are constraining the options of what it economically viable with what is politically viable

>future generations chest-deep in debt for choosing to train for a job with low average salaries