For my Economics Academis Experts

Baseman

With the massive national debt and hemorrhaging deficit, how will we? keep from going broke and becoming Greece?

YellowSnow

MMT I’m told.

2001400ex

Keep interested rates low.

RaceBannon

Baseman said:

With the massive national debt and hemorrhaging deficit, how will we? keep from going broke and becoming Greece?

The same way we always have

HustlinOwl

In the grand scheme of things our deficit is pennies.

pawz

HustlinOwl said:

In the grand scheme of things our deficit is pennies.

Things fucktards say.

WestlinnDuck

We educate our citizens about basic economics. Or as the cute smart kid in the soccer ad says, "But they won't".

GrundleStiltzkin

2001400ex said:

Keep interested rates low.

You mean like the Oregon State game ;-)

2001400ex

GrundleStiltzkin said:

2001400ex said:

Keep interested rates low.

You mean like the Oregon State game ;-)

Lol now that's funny shit.

UW_Doog_Bot

105% of GDP? Still fairly reasonable.

I'm still fine with restructuring entitlements if your that worried about it.

UW_Doog_Bot

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

GDS

UW_Doog_Bot said:

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

Lol you think we could increase the supply of USD by 40% and not “fuck the dollar up too badly...?” Hahaha

Swaye

UW_Doog_Bot said:

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

Between low birth rates, weird cartoons and this data, it appears Japan is well and truly fucked.

Pearl Harbor has the last laff.

UW_Doog_Bot

GDS said:

UW_Doog_Bot said:

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

Lol you think we could increase the supply of USD by 40% and not “fuck the dollar up too badly...?” Hahaha

Hi there bootlicker, the US essentially did just that with QE over a period of years to the tune of $4.5 Trillion so....

Yes, at this point in history the US could actually probably repay it's foreign held debt without severe consequences. There's a large basket of the world's currency that is pegged to the dollar and a shit ton more that are "soft" to the dollar. It would break some and weaken the dollar but that's not necessarily the worst thing that could happen. A strong dollar has positive and negative externalities. It's not like we've seen huge inflation numbers after that last round of QE either.

It's the only currency that the rest of the world needs a supply of to conduct business as well. An increase in the supply of USD and an injection of liquidity could actually be a good thing for many world markets which are currently facing recession.

Anyways, the point wasn't that we SHOULD do that but merely to illustrate that the US's debt is still very much manageable.

I'm still happy to discuss restructuring entitlements which are the #1 thing that is going to break the US budget.

UW_Doog_Bot

Swaye said:

UW_Doog_Bot said:

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

Between low birth rates, weird cartoons and this data, it appears Japan is well and truly fucked.

Pearl Harbor has the last laff.

Bad news for @GDS bootlicking fund is that China looks even more bleak as they'll be the first nation to get old and in debt before they get rich.

Kaepsknee

Baseman said:

With the massive national debt and hemorrhaging deficit, how will we? keep from going broke and becoming Greece?

We’re you not around from 2008-2014?

Kaepsknee

UW_Doog_Bot said:

105% of GDP? Still fairly reasonable.

I'm still fine with restructuring entitlements if your that worried about it.

You can get to about 120% before it’s a real problem. We don’t want to do that but deficit spending is what we do. We are never gonna pay the , (trigger alert) Chinks back that money anyway

Swaye

UW_Doog_Bot said:

GDS said:

UW_Doog_Bot said:

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

Lol you think we could increase the supply of USD by 40% and not “fuck the dollar up too badly...?” Hahaha

Hi there bootlicker, the US essentially did just that with QE over a period of years to the tune of $4.5 Trillion so....

Yes, at this point in history the US could actually probably repay it's foreign held debt without severe consequences. There's a large basket of the world's currency that is pegged to the dollar and a shit ton more that are "soft" to the dollar. It would break some and weaken the dollar but that's not necessarily the worst thing that could happen. A strong dollar has positive and negative externalities. It's not like we've seen huge inflation numbers after that last round of QE either.

It's the only currency that the rest of the world needs a supply of to conduct business as well. An increase in the supply of USD and an injection of liquidity could actually be a good thing for many world markets which are currently facing recession.

Anyways, the point wasn't that we SHOULD do that but merely to illustrate that the US's debt is still very much manageable.

I'm still happy to discuss restructuring entitlements which are the #1 thing that is going to break the US budget.

Oh, look here, @GDS talks some more shit out his ass and then gets completely obliterated by someone who knows something. Weird, right? Not really. @GDS appears to be the dumbest of the HondoBros.

YellowSnow

UW_Doog_Bot said:

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.

SFGbob

YellowSnow said:

UW_Doog_Bot said:

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.

Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?

YellowSnow

SFGbob said:

YellowSnow said:

UW_Doog_Bot said:

For reference.

Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.

Now WHAT we? Spend money on is another question.

Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.

Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?

Reagan's deficits got us the end of stagflation and a W over the Ruskies. And a decade later they we gone.

Our deficit ROI is fucking terrible right now with no end in sight.