$3.9T is in T-Bills. $4.0T is in T-Bonds. $13.7T is in T-Notes. That's $21.6T in public debt.
That's alot of gold.
None of those securities pay out in gold when they mature.
Where is the country that's already 36 trillion upside down going to find that much gold?
It's not that far upside down. Debt vs GDP is 120%. So, it's only very vaguely about $6T in the red, so far.
Face it, USA is bankrupt and trying to borrow more.
I think this is a cynical view, and one they would like you to have... their agenda relies on austerity, after all. This is just the same old wealth transfer in a new package.
That's just an extrapolation from past figures. It ignores much of the reality, like how many citizens owns those bonds? Why is medicare so expensive vs what it returns? What happens if we give out less bonds and notes at auctions? What happens if we increase business taxes?
Point is.. saying 36 trillion in debt, unqualified, and then suggesting that this amount is entirely a deficit ignores the truth of how this monster is constructed and how easily it is dismantled.
Yes.. and I can divide one number by another perfectly fine as well, which is all this is doing. Again, what I'm trying to convey is most of the "debt" is interest on already purchased securities, so this is an inappropriate way to tally this figure, and there are thousands of other variables that can change which would reduce that figure to 0.
It's got lots of flashing numbers and glitz. Does that really seem like the best tool for conveying facts and suggesting a future? Or is it just a giant gloomy machine you can use to justify your completely negative and somewhat misinformed prognostications on the future of America?
Not personal.. I just happen to really like this country. I get defensive. We've got a bright future if we can just get rid of the people actively trying to destroy it.
$3.9T is in T-Bills. $4.0T is in T-Bonds. $13.7T is in T-Notes. That's $21.6T in public debt.
None of those securities pay out in gold when they mature.
It's not that far upside down. Debt vs GDP is 120%. So, it's only very vaguely about $6T in the red, so far.
I think this is a cynical view, and one they would like you to have... their agenda relies on austerity, after all. This is just the same old wealth transfer in a new package.
https://www.usdebtclock.org/index.html?taxpayer
That's just an extrapolation from past figures. It ignores much of the reality, like how many citizens owns those bonds? Why is medicare so expensive vs what it returns? What happens if we give out less bonds and notes at auctions? What happens if we increase business taxes?
Point is.. saying 36 trillion in debt, unqualified, and then suggesting that this amount is entirely a deficit ignores the truth of how this monster is constructed and how easily it is dismantled.
Did you see the part about your share?
Yes.. and I can divide one number by another perfectly fine as well, which is all this is doing. Again, what I'm trying to convey is most of the "debt" is interest on already purchased securities, so this is an inappropriate way to tally this figure, and there are thousands of other variables that can change which would reduce that figure to 0.
It's got lots of flashing numbers and glitz. Does that really seem like the best tool for conveying facts and suggesting a future? Or is it just a giant gloomy machine you can use to justify your completely negative and somewhat misinformed prognostications on the future of America?
Not personal.. I just happen to really like this country. I get defensive. We've got a bright future if we can just get rid of the people actively trying to destroy it.