U.S. National Debt

[Galleleo]

The pound has been a strong currency throughout it's existence, even now it's still stronger than the Euro and way stronger than the dollar. The only thing that saved the dollar during this crisis is that it is the world currency, the Pound doesn't even need that to maintain it's strength.

[Squeezer]

I don't really think Euros are "fagbags"

I just mean that you'll keep investing in us as long as we, as a culture, waste money on crap. Because we're really, really good at that and it's made some of you rich.

The pound has been a strong currency throughout it's existence, even now it's still stronger than the Euro and way stronger than the dollar. The only thing that saved the dollar during this crisis is that it is the world currency, the Pound doesn't even need that to maintain it's strength.

So, even though it's more powerful than the pound and pretty much as well established, when we switch to Yen, or Yellow Dollars, or whatever, the United States will collapse financially into a crippled nation? Just like England. And then the Euros will finally get the schadenfreude they've been waiting for?

[Tigron-X]

What is this "pay off the debt" assumption?

It's a system of usuary. It's not designed to be paid off! We're all fed this idea that it is our moral imperative to pay off this *national* debt, yet it grows-and-grows the more we pay into it. We laugh when we see a dog chasing its tail. and that's exactly what I see the common citizen doing. Actually, it's closer to the 'carrot on a stick' metaphor.

I mean, if you're a statist, and you support your government's hegemonic practices, then so be it. But, indoctrinating kids through forced public schooling is diabolical.

Seriously, go and try to explain to a 6yr old how much money he/she owes without having to put your brain on parrot mode.

Of course, if you're a statist, you might teach the youngster concepts of leveraging, but at some point you'll have to use the mantra, "It's for the common good. blah blah blah"

[To the statists here:] If your senses weren't dulled by the public school system, you would see how this whole system is one big unconscionable bargain.

UNCONSCIONABLE BARGAIN, contracts. A contract which no man in his senses, not under delusion, would make, on the one hand, and which no fair and honest man would accept, on the other. 4 Bouv. Inst. n. 3848 [underline emphasis added by me]

[Zerzera]

It's not the debt that counts, it's the interest. As long as it's more profitable to loan your money to the people of America (or Europe) than hiding it under your mattress, it will sustain.

Like an investor will care if the money he doesn't need will ever be returned if he receives 8 to 11% interest on it.

[Cornelius]

the only way it will sustain is if americans stop living beyond their means. That's it.

I don't see this happening tought. The bomb will have to explode.

[Golden_Aim]

USA's debt is something like 90% of GDP atm. If the debt keeps growing and growing the bubble will eventually blow up which happened to Greece with their 115% of GDP debt.

USA will be good as long as banks/investors trust in their ability to pay back. Once the faith is gone cos of the enermous debt youll get fucked in the a hard.

China owns a quite of piece of usa if we look at the loans. Once you stop paying em theyll drop you a few hiroshima's with a note sponsored by Japan 'we never forget'.

So GL with the spending spree.

[TagMor]

the U.S has been raped blind by corporate interests and their political lap dogs. All the while faggots like KTHX have been tricked into blindly supporting such corruption through a distorted sense of patriotism.

[Tigron-X]

[curse]

LOL if anything we shouldn't really owe Anyone. Anything.... Who saves the world from the biggest wars? USA there to save the day. ya it may take a nuke or two to stop world domination from happening but we get shit done. we also stupid in some areas like not educating our population well... but owell. There wouldn't be debt in the first place if America wasn't so nice as to help countries out in times of need. We created NATO and we step up to the challenge of stopping world dominating crazy dictators like hitler.

and we let pretty much anyone live here

[TagMor]

We created NATO and we step up to the challenge of stopping world dominating crazy dictators

Iraqi Civilians murdered since U.S occupation: 100,000 - 1,000,000.

Go drown in your own filth. Fucking parasites.

[saetep]

Iraqi Civilians murdered since U.S occupation: 100,000 - 1,000,000.

Go drown in your own filth. Fucking parasites.

And how much of that is actually from U.S. armed forces instead of from terrorist organizations. And what are you calling a "murder." Does it even have to do with an event related to the war, or can is just some random act of violence (that's lethal). Not to mention the U.S. has ~16,000 murders per year so there have easily been 100,000 murders in the U.S. since the occupation of Iraq. Get a single accurate number and not a huge range that doesn't even mean anything if you compare it to the United States. Sure, there are a lot of variables involved (population, the war, culture, etc) but your statistic is surprising only because I thought it would be higher.

[TagMor]

There were no terrorist attacks in Iraq before the U.S invaded.
There is no definite death toll because the U.S government controls the data, and wont share it.
According to this study there were 654,965 excess Iraqi deaths as a result of the U.S occupation.
http://citeseerx.ist.psu.edu/viewdoc...=rep1&type=pdf

The U.S has a high murder rate for the same reason the U.S government is allowed to murder 100,000+ Iraqis. American society has festered an anti-culture of immorality, violence, and stupidity.

[kthx]

If that was true you think we would be killing those stupid ignorant Mexicans instead.

[Stylez]

I'm not too educated on the topic, but my AP Macroeconomics teacher taught us that our national debt isn't that bad. Relative to our GDP, our national debt is at the same level as all the other countries. We just produce a lot, so of course we spend a lot. So, as veloce said, not necessarily a bad thing.

but hey, i'm not too educated on the topic.

Not really on topic, but it deals with how national debt is handled.

[Tigron-X]

LOL if anything we shouldn't really owe Anyone. Anything.... Who saves the world from the biggest wars? USA there to save the day. ya it may take a nuke or two to stop world domination from happening but we get shit done. we also stupid in some areas like not educating our population well... but owell. There wouldn't be debt in the first place if America wasn't so nice as to help countries out in times of need. We created NATO and we step up to the challenge of stopping world dominating crazy dictators like hitler.

and we let pretty much anyone live here

You're kidding, right?