The US Literally Cannot Repay Its National Debt.

The Congressional Budget Office has admitted that the US national debt cannot be repaid. So what's the solution from the US Government and Federal Reserve, will this weigh on the election, and what will the result be for the stock market?

★ ★ LEARN TO INVEST ★ ★
Get started investing on the right foot with our step-by-step investing courses:

★ ★ CONTENTS ★ ★
0:00 The U.S. Can't Repay Its Debt
1:00 How the Government Goes Into Debt
4:00 The Size of the Deficit
8:15 Inflating Away the Debt
12:40 Fixing the Deficit

Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands.

[NewMoneyYouTube]

Come follow me over on Instagram! I've been putting up a lot more content there. :)

[Rockiii]

“I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.” Warren Buffett

[jamesclark]

How is government debt not a ponzi scheme? If I did this, I'd go to prison.

[arielbatistaify]

The real solution they will apply is: Pospone your problems until they are not longer yours but someone else's.

[alyssastewart]

Just 1 billion is such an incomprehensible number to me. 1 billion is made of 1, 000 million. It literally makes me want to gag thinking a trillion is 1, 000 billions. It is so beyond anything our minds can even comprehend.

[riverboat]

These are the same politicians that are able to grow their personal wealth 100X, while mismanaging the national budget.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand

[bubbahottep]

Another problem with inflating away the debt is that prices become too high for people to be able to feed their children, and the money in retirement accounts becomes worthless and the elderly starve.

[MrRufusRToyota]

Bill Marriott once told me that when he moved to Washington to open his first hotel, he owed hundred thousand and was a failure. By the time I spoke with him, he said he owed a hundred million and was a huge success.

[insomnia]

Congress literally said “put our bills in our kids’ name “ 🤷🏾‍♀️

[ajc]

I think the saddest thing about the debt is we didn’t even get anything for it. We don’t have a national healthcare system, social security is in danger, our infrastructure is crumbling, public schools are underfunded…

[Zionicle]

It is absolutely staggering how low corporate taxes are. Genuinely shocks me every time I see it

[Dom-zksg]

Neither of our major political parties will ever do anything about this

[Mrslykid]

The US Government is like a child armed with a credit card.

[eayrs]

When i was born, the national debt was $2, 150 per person. Now it's over $100, 000 per person. And I'm not even that old. It's truly alarming.

[thomHD]

Right or not, can we all just stop for a moment to appreciate this guy isn't an economist, just some bloke on YouTube

[ntourist]

the problem with "inflating" the debt away is if the policies implemented, fail to raise the economy .... if it fails it fails exponentially

[LLPOF]

Inflating the debt away kills people who have worked and saved all their lives. It's just another form of taxation, but brutally unjust.

[wg]

the most terrifyng fact is the US government is not even try to reduce it's debt but going the opposite direction which is keep on spending recklessly.

[NightInParisOfficial]

Money is man-made. Debt is man-made, it all goes away if we simply forget it exists.