The US National Debt Can’t be Repaid

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[skidever]

I found it funny that they can't payoff their debts but they expect me to payoff mine😂

[BigBadKaiju]

So, if prices go down…we screwed. If prices go up we’re screwed. Awesome.

[Dr.White_PHD]

Chalk it up to greed. Every politician wanted a piece of the pie. We ran out of pie. But they don’t care and now they are eating the baker.

[alexG]

Reminder: very rarely do the politicians suffer for their greed, mismanagement and corruption. It’s always the worst off and the average Joe that gets hit with the consequences.

Translation: if you want change you need to be adopt the mindset that politicians should be afraid of you and upsetting you, rather than being afraid of not getting elected.

[Cupofjoe]

Bailout after bailout, no responsibility, no accountability.

[sew_gal]

Thats why half of congress is so old because they will be gone when sh*t hits the fan and they cant be held liable any more but their kids will still have all the money that they stole. Its crazy

[foreverfloridian]

Myth #1: the US government owes $34T.

“Well it turns out there’s actually more, in the form of unfunded obligations, that totals somewhere between $135T - $220T”

[RooftopRose]

Once again I’m expected to balance my budget down to cents but all these professionals can’t get within the same trillion? Ridiculous.

[bloopbloopbloops]

i remember learning in high school during the 90s that the national debt was around $2 trillion, approaching $3trillion. now we're at $34 Trillion. that's insane. my Economics teacher told us that there would be no money for our retirements. I doubted at the time, but now i believe it.

[yurSJ]

sucks the average American is getting destroyed for other peoples mistakes.

[Andomosity]

The system is actually designed to never be able to be paid off. Simply because if our government borrows $1 from the Fed, they owe that dollar back plus interest which by default means more money needs to be printed to pay off the original debt because they only borrowed $1 originally. Yes, they literally need to take on more debt to pay off their existing debt. That was designed into the system on purpose.

[ellinger]

Our politicians are too narcissistic and entitled to want to stop overspending our money. They don't care, they're out for themselves.

[Xokzu]

And yet, this is OUR fault somehow. And incomes most definitely will not skyrocket.

[shamzu]

Even when the inflation makes easy for governments to pay of thier debt. Still they have to take more debt to keep the same spending. Instead of spending 7 trillion. They have to spend 21 trillion to keep up with inflation. This doesn't make any sense. You can't explain inflation and debt like this.

[curtissharris]

They will do this all while pretending they are trying to fix it.

[Gingerlata]

If we the people spend money like the govt does, we would be on the streets.

[AlexMacallister-flvl]

Inflation happens wages remains the same.

[Wowimhungry]

The problem with inflation is that our government is not trying to pay off the national debt. Instead, they seem hell bent on spending more.

[DavidJ]

What is the difference between Thanksgiving Day and Election Day?
On Thanksgiving, you get a turkey for a day, but on Election Day, you get a turkey for four years.

[forestduffe]

Real news and no clickbait😊 appreciate the truth