28 CBO: $100 trillion in new debt projected over next 30 years. Debt will total 202% of GDP in 2051. (End of civilization stuff right here) (www.washingtontimes.com) posted 41 days ago by tacoBear 41 days ago by tacoBear +29 / -1 10 comments share 10 comments share save hide report block hide child comments Comments (10) sorted by: top new old worst ▲ 2 ▼ – phuckles 2 points 41 days ago +2 / -0 Not really. The truth about Debt is that it can be kicked down the road pretty much forever. Unless it's personal debt. Then you'll get Repo'ed. permalink save report block reply ▲ 1 ▼ – tacoBear [S] 1 point 41 days ago +1 / -0 National debt has only grown, and is showing no signs of slowing down. Don't forget that there will be more crises down the line. permalink parent save report block reply ▲ 1 ▼ – phuckles 1 point 41 days ago +1 / -0 And there will always be a future to kick it down to. permalink parent save report block reply ▲ 1 ▼ – tacoBear [S] 1 point 41 days ago +1 / -0 No it can't be perpetually pushed downwards. Eventually, people will lose faith in the US economy and currency, which will cause investors to withdraw their capital, resulting in hyperinflation. permalink parent save report block reply ▲ 2 ▼ – phuckles 2 points 41 days ago +2 / -0 Won't happen until the USD is no longer the world reserve. And nukes will be dropped before that happens. permalink parent save report block reply ▲ 1 ▼ – Comntrinchief 1 point 41 days ago +1 / -0 That is the best case scenario TBH. permalink parent save report block reply ▲ 2 ▼ – Warcraft1966 2 points 41 days ago +3 / -1 The debt is fake. permalink save report block reply ▲ 1 ▼ – Tartarian-Kingtwo 1 point 41 days ago +1 / -0 Makes you wonder what dumbass downvoted this permalink parent save report block reply ▲ 2 ▼ – giacomo 2 points 41 days ago +2 / -0 The govt will just seize your bank accounts, investment accounts, maybe your crops permalink save report block reply ▲ 1 ▼ – tacoBear [S] 1 point 41 days ago +1 / -0 Even all that won't be enough. It'll be like Venezuela is now. permalink parent save report block reply
Not really.
The truth about Debt is that it can be kicked down the road pretty much forever. Unless it's personal debt. Then you'll get Repo'ed.
National debt has only grown, and is showing no signs of slowing down. Don't forget that there will be more crises down the line.
And there will always be a future to kick it down to.
No it can't be perpetually pushed downwards. Eventually, people will lose faith in the US economy and currency, which will cause investors to withdraw their capital, resulting in hyperinflation.
Won't happen until the USD is no longer the world reserve. And nukes will be dropped before that happens.
That is the best case scenario TBH.
The debt is fake.
Makes you wonder what dumbass downvoted this
The govt will just seize your bank accounts, investment accounts, maybe your crops
Even all that won't be enough. It'll be like Venezuela is now.