this post was submitted on 11 Jul 2023
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United States | News & Politics
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Seems like a totally sustainable situation.
It is a good thing. You shouldnt look at total debt, but the service costs of holding such debts. A country with massive debt doesnt pay it, it will refinance it. We figured out about 5 years ago that debt isnt finite for a country. Op is a meme poster with zero clue on how money works.
https://www.imf.org/en/Publications/WP/Issues/2018/04/11/Interest-Growth-Differentials-and-Debt-Limits-in-Advanced-Economies-45794
Its free to read and you can inform yourself on why you shouldn't worry about these things.
Looking at the replies from OP he doesnt really grasp how debt works so I wouldnt listen to his odd takes.
Imagine peddling QE while claiming other people have zero clue how money works. 😃
You should learn a bit about how debt works yourself. US has been able to effectively create unlimited debt by virtue of the dollar being the global reserve and being needed for countries to buy essential things like oil that modern economies need to function. When US prints money, it gets absorbed by other countries. That's the magic trick US has been using. Now, countries are starting to dedollaraize and demand for US currency is dropping. Meanwhile, you don't need dollars to buy things like oil now either. And that's where the problem for US comes in. Actual economists, such as Micheal Hudson, have explained this dynamic in great detail. One example being here https://valdaiclub.com/a/valdai-papers/valdai-papers-116/
Maybe try educate yourself a bit on the subject before making personal attacks on people out of sheer ignorance.
Do you really believe you can make conclusions based on 2 or 3 factors? Or are you mad most people that studied for this dont support your outrageous claim?
You are delusional red funny fellow.
What an amazing counterpoint you've mustered there.
Im not arguing with people that argue in bad faith. Have a nice day.
😂