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Currently the US has $39++ trillion in debt. Interest payments on the debt is $1 trillion. My opinion is that it is not sustainable and government has to find ways to cut spending or raise taxes. What do you think?
From my understanding debt really doesn’t matter as long as you have the strongest military in the world. However, if the US military weakens, the entire US will collapse under that debt. The US basically needs to start some kind of war every 10-15 years or so to sustain that debt.
Brutal
If US keeps borrowing like this at some point it will become unsustainable.
No, none of it exists in reality. If a country which isn't a defenseless third world hellhole accumulates $100T in debt nobody can do anything to force them to pay it back.
America is too big to fail, it can print as much money as it wants and the creditors will have to swallow the loss.
Probably. It doesn't help these fucking boomers keep wasting all of it on more and more stupid fucking wars.
Trvke
Glad i don't live in the us
"Nah. Just print more money bro." 
Just force millionaires and billionaires to cover the debt.
Manmade currency
Yeah, but as long as the government is able to maintain confidence in its currency and institutions, the economy won't collapse and business will go on as usual.
Yes, the era where we the U.S. was the dependable country are done. Nobody should trust us on anything, including paying our bills.
The post Cold War era of little inflation and low interest rates is dead. It’s going to be the 1970’s for the foreseeable future.
The post Cold War era of little inflation and low interest rates is dead. It’s going to be the 1970’s for the foreseeable future.
Isn't the debt so high that not even all the valuables of the world combined could pay it back?
I remember reading something about it.
kek
Idk tbh
But if that has not happened already, it eventually will happen since you have interest and compound interest.
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The problem is that whenever governments try to do this by raising their taxes or implementing wealth taxes, they either:
1. leave the country, or
2. lobby for a bunch of exemptions and deductions in the tax code to the point where they don't pay much.
and when either 1 or 2 happens the tax burden eventually falls back onto the poor and middle classes who have to now pay higher taxes as a result.
Solutions might be to create a law to tax every individual from the country no matter where they live, a more developed fight against tax evasion or dictatorial justice that basically destroys the life of those who don't comply
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How does that work though? Doesn't military and war spending add to the debt, making it even more unsustainable?
P
US already taxes its citizens no matter where they live, including foreign income. Only when they renounce their citizenship do they then become exempt from US taxes, but they still are required to pay a exit tax when they renounce their citizenship (only for people worth $2milion or more). That hasn't stopped millionaires or billionaires from leaving though, especially when tax havens exists.
In the end what's needed is total richfag death tbh
It works because all nations want to hold dollars because the US has the strongest military. The debt is irrelevant. The only currency is force. What other nation's currency would you rather hold? Iran for example inflation went up like 100% due to losing the war. Anyone holding Iranian Rial got screwed.
yeah maybe it's a problem, not mine tho.
They would be in zero debt if they slaughtered all of their jews and sold their blacks and shitskins as slaves to other countries then took all their richfags money.
Y
The world runs on debt. The world economy is estimated to be worth 126 trillion and the total debt of all countries is 106.7 trillion. Money has no value and is only a tool to keep you in slavery.
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