GeneralUnited States Debt
Posted:

GeneralUnited States DebtPosted:

Bonk
  • Christmas!
Status: Offline
Joined: Nov 28, 201410Year Member
Posts: 1,046
Reputation Power: 2659
Status: Offline
Joined: Nov 28, 201410Year Member
Posts: 1,046
Reputation Power: 2659
The national debt for the US is around 21-22trillion right now and I got to thinking. What will we do when the debtors start asking for their money back? I know that there is no way the US can pay that amount of money back without hurting itself. What are your theories about what may happen when the national debt gets to be too much and people start asking for their money back. Will there be war? Maybe the debt will just keep rising? Just curious as to what you guys think.

The following 1 user thanked Bonk for this useful post:

TOXIC (12-09-2018)
#2. Posted:
TOXIC
  • TTG Veteran
Status: Offline
Joined: Jan 16, 201212Year Member
Posts: 22,349
Reputation Power: 32748
Motto: TTGS #1 SHIT POSTER!
Motto: TTGS #1 SHIT POSTER!
Status: Offline
Joined: Jan 16, 201212Year Member
Posts: 22,349
Reputation Power: 32748
Motto: TTGS #1 SHIT POSTER!
World War III
#3. Posted:
TTG
  • Supporter
Status: Offline
Joined: Mar 10, 201410Year Member
Posts: 5,195
Reputation Power: 12851
Motto: 2009-2024, The Tech Game, Ltd.
Motto: 2009-2024, The Tech Game, Ltd.
Status: Offline
Joined: Mar 10, 201410Year Member
Posts: 5,195
Reputation Power: 12851
Motto: 2009-2024, The Tech Game, Ltd.
I think if that were happen they would print more money, probably put taxes on everything. In my state tax is 9 cents on a dollar. Doesn't matter what we buy...
#4. Posted:
kim
  • Administrator
Status: Offline
Joined: Jul 28, 201212Year Member
Posts: 6,307
Reputation Power: 30104
Motto: existence is futile
Motto: existence is futile
Status: Offline
Joined: Jul 28, 201212Year Member
Posts: 6,307
Reputation Power: 30104
Motto: existence is futile
Have you seen the our assets though, we have over 100 trillion in assets.

Also a lot of our money is an iou of an iou basically stating over time the USA and it's debtors will pay off the debt with money it doesn't have but promises to have the money over time based on generating income and assets our debt will keep rising but so will our assets and total wealth so it all really stays at a balanced budget.

We could pay off our debts it would be a lot in taxes and a lot of US assets gone but truly paying off the total debt in the country wouldn't change much on how we already live and won't effect us as much as you'd probably think.

In all reality don't worry about it politics is foolish but also quite amazing to see how it's run just leave it to the world leaders my friend no one truly wants to see the world burn so there'll always be a way in and out of problems.

EDIT: mobile fkd me on this post christ
#5. Posted:
XeCookie
  • Trusted Seller
Status: Offline
Joined: Jun 22, 20159Year Member
Posts: 8,316
Reputation Power: 10899
Motto: BO6 / WZ4 Services available. Join the Discord: https://discord.gg/bo6camos
Motto: BO6 / WZ4 Services available. Join the Discord: https://discord.gg/bo6camos
Status: Offline
Joined: Jun 22, 20159Year Member
Posts: 8,316
Reputation Power: 10899
Motto: BO6 / WZ4 Services available. Join the Discord: https://discord.gg/bo6camos
Petites post is something like how I was going to put it so rather then reiterate I would just add, that some of the reasons we are in debt for example we owe China a fortune because they manufacture 90% of our products however that's what keeps the economy going we sell their products and pay them for the manufacturing of our products/goods. So when you say what will the debt collectors do in this example they won't be doing anything because they would be screwing themselves over in the long run. Now if further elaborate however I'm at work right now lol.
#6. Posted:
kim
  • Administrator
Status: Offline
Joined: Jul 28, 201212Year Member
Posts: 6,307
Reputation Power: 30104
Motto: existence is futile
Motto: existence is futile
Status: Offline
Joined: Jul 28, 201212Year Member
Posts: 6,307
Reputation Power: 30104
Motto: existence is futile
^ truth it's really so much more and to hard to really simplify in text but that's the gist of it.

Money just goes round.
#7. Posted:
Maze
  • Winter 2018
Status: Offline
Joined: Nov 24, 201113Year Member
Posts: 13,715
Reputation Power: 40376
Motto: The owner of The Tech Game and I share joint custody of a cat named Sophie.
Motto: The owner of The Tech Game and I share joint custody of a cat named Sophie.
Status: Offline
Joined: Nov 24, 201113Year Member
Posts: 13,715
Reputation Power: 40376
Motto: The owner of The Tech Game and I share joint custody of a cat named Sophie.
We got big guns and big bombs we good
#8. Posted:
Donald_Trump
  • Fairy Master
Status: Offline
Joined: Oct 02, 201113Year Member
Posts: 2,895
Reputation Power: 824
Status: Offline
Joined: Oct 02, 201113Year Member
Posts: 2,895
Reputation Power: 824
Sad!

I promise to lower the debt TREMENDOUSLY !
#9. Posted:
Eli
  • Summer 2021
Status: Offline
Joined: Jun 12, 201311Year Member
Posts: 1,191
Reputation Power: 205
Status: Offline
Joined: Jun 12, 201311Year Member
Posts: 1,191
Reputation Power: 205
Donald_Trump wrote Sad!

I promise to lower the debt TREMENDOUSLY !


Probably one of the best replies I've seen on TTG
#10. Posted:
MrParker
  • Zombie Referee
Status: Offline
Joined: Oct 28, 20186Year Member
Posts: 2,123
Reputation Power: 11571
Motto: Read ( The Four Agreements ) , Don't stop educating yourself.
Motto: Read ( The Four Agreements ) , Don't stop educating yourself.
Status: Offline
Joined: Oct 28, 20186Year Member
Posts: 2,123
Reputation Power: 11571
Motto: Read ( The Four Agreements ) , Don't stop educating yourself.
I will move to Bangkok become a citizen and fight along my people against america
Users browsing this topic: None
Jump to:


RECENT POSTS

HOT TOPICS