How will I ever pay this off?

[Anonymous No.19409118]

[Anonymous No.19409140]

>>19409118
no kek, enjoy the bubble whilst it lasts

[Anonymous No.19409149]

>>19409118
At the rate we're going, inflation will turn that into a 20oz coca cola.

To bad min wage will only be $10k/hr.

[Anonymous No.19409169]

>>19409118
Also... this basically tells you to be a tax recipient instead of a payer. Busy out the shoe polish brah

[Anonymous No.19409179]

>>19409118
Its a sinking ship, move to a country that isnt a stinky debthell.

[Anonymous No.19409183]

>>19409140
kek, this.
The scam can't run forever. The whole system is built on eternal growth and eternal debt. It's fucking impossible to maintain this.

[Anonymous No.19409225]

>>19409183
Remember . The Jews did this. All of it.

[Anonymous No.19409229]

>>19409118
Who cares? Stocks will go up

[Anonymous No.19409268]

>>19409179
Such as? and why would it be safe from the clusterfuck that is USTard collapse?

[Anonymous No.19409330]

>>19409118
i love that people don't even understand how the national debt works. it's not like we owe 10 trillion dollars to china and they're going to come collect one day and start a war. 80% of the debt is owed to the federal reserve because every dollar they print is considered debt. as long as the US is a superpower with a strong economy and military it could not matter less.

ironically clinton was the last president to actually balance the budget. it's the republicans that spend so much money without taxes that causes it to balloon like it has.

[Anonymous No.19409361]

>>19409179
There is no viable escape. We have created an entire world banking system entirely based around this fiat currency. If the US falls, it tears down every other country along side it, as with every recession in modern history

[Anonymous No.19409375]

>>19409330
Cities are burning and unemployment is at an all time high

[Anonymous No.19409420]

>>19409375
yeah because blacks chimped out over george floyd and unemployment because of coronavirus. the country is already opening back up 80% of the jobs that were lost will come back.

remember michael brown? blacks in ferguson chimped out for an entire year. it did not matter at all. blacks riot all the time. there were riots and looting in baltimore like 5 years ago for freddie gray too. it has no effect on anything because 95% of white people don't live in cities.

[Anonymous No.19409458]

>>19409330
Everyone here understands how the debt system works, you're the only one too ignorant to understand why it will inevitably fail

[Anonymous No.19409462]

>>19409420
Over 40% of the lost jobs are gone for good. Why do you come on the internet just to lie?

[Anonymous No.19409484]

>>19409118
What's the difference between citizen and taxpayer?

[Anonymous No.19409566]

>>19409484
Section 8

[Anonymous No.19409641]

imagine not having at least 3 citizenships lmao

[Anonymous No.19409777]

Why are we attributing government debt as if its owed by citizens? That number represents how much the government owes you, not the other way around.

[Anonymous No.19409791]

>>19409118
The united state public debt is a liability of the government not citizens. You can't break it down and say everyone owes X amount unless you impose a really regressive system to eliminate the debt for no reason.
There's no reason for anyone to "pay it off" unless you think there's some trade-off, the worst case is China decides to stop saving and deindustrializes and exports all their jobs to America and starts importing like crazy which they don't want to do.

>>19409330
No it's foreign savers. Clinton "balanced the budget" because of the Asian financial crisis in the late 1990s. Maintaining a balanced budget over time is impossible unless the dollar isn't used as the worlds reserve currency and the market stop demanding government bonds. Increasing taxes to virtue signal when you have lots of unused capacity and can free ride the world makes no sense.

[Anonymous No.19410147]

>>19409118
Inflation

[Anonymous No.19410190]

>>19410147
In the past the public debt was way smaller but inflation way higher lol

[Anonymous No.19410558]

>>19409225
No, this guy did.

[Anonymous No.19410580]

>>19409641
You can't have more than dual citizenship.

[Anonymous No.19410639]

>>19410580
you are fucking stupid

[Anonymous No.19410944]

>>19410639
No u

[Anonymous No.19411031]

>>19409118
In reality this means the entire world is living beneath their means, in order to loan americans money, so americans can live beyond their means.

[Anonymous No.19411040]

>>19409118
Taxes, inflation.

[Anonymous No.19411443]

>>19409118
You won't have to. People who still think debts must be repaid to prevent economies/govs from collapsing are retarded. The sole purpose of a debt-based monetary system is to eventually reach a capacity in which a transition must be made to a new system in order to prevent disaster. The technology needed for the new monetary system that we are about to transition into was not available back then. Monetary systems recycle into new phases just like industrial revolutions. The only solution to 'paying back debt' in it's entirety are the following:

1. Government confiscates the savings of all citizens and uses it to repay the national debt in it's entirety or at least as much as possible.

2. Deliberately cause hyperinflation. If the old/current dollar, yen, yuan, euro, pound sterling etc. are made worthless via hyperinflation, then the government is the only one with power to monopolize the new national currency. If a currency is made worthless, debt then becomes zero.

People need to understand that a new digital dollar etc. is not the same as the current 'digital' dollars we see on screens when we check our bank account. Just because the word 'dollar' appears in both the old & new currency, does not mean they are the same. You cannot pay dollar debt created by the Fed with the new digital dollar. They are seen as incompatible. This all serves the purpose of a reset in which the government retains even more power via monopoly of a digital dollar that will not be created by a private entity such as the Fed. When the gov starts to create and distribute digital dollars, they then inherently own everything. People will accept this to avoid economic collapse, even though economic collapse would never happen in the first place because govs would lose their power.

[Anonymous No.19411493]

>>19410558

How convenient, an iceberg drifted all the way from the other side of the ocean and it totally wasn't done with explosives that's why investigations of the ship were never allowed just like you are not allowed to question or research the holocaust.

They blew the wtc building, sank the titanice and the USS Liberty and they destablized the entire middle east so that Israel can grow. These vile creatures are pure evil.

[Anonymous No.19411602]

>>19411443
Is this bullish for eth?

[Anonymous No.19412681]

>>19409420
>80% of the jobs that were lost will come back.
Based retard. Are you thinking it will be five years or ten years before your fantasy comes true? Kek 9% unemployment is your new normal

[Anonymous No.19412756]

>>19409118
we've just managed to pay off WW1 debt which is worthless today anyway. Its called inflation and as long as it steadily rises debt becomes much easier to pay off in the long run. If I had borrowed a grand in WW1 and said that my great grand kids would pay it back, that's a lot of money in 1914 but bugger all in 2020...get it now?

What matters more in the short run is if your market borrowing rates go sky high suddenly like what happened to Greece and almost happened to Italy, leading to your annual government budget being unsustainable, and in the case of heavily indebted countries like Belgium also meaning that your budgets are largely focused on paying back debt rather than providing a public service. With corona though everybody is printing money so its really not an issue like it was before.


As long as citizens act fiscally responsibly, governments can and should run small surpluses guaranteeing a small bit of inflation during good times, and then in war or Corona like times bring out the fiscal bazooka. Unfortunately they've decided to only print money and buy private debt but they should really be looking at a UBI and getting people to dig ditches, the Keynsian way.

Don't buy into the gold standard shit or the balanced budget amendment retards on here though OP, you're smarter than that.

[Anonymous No.19412770]

>>19409118
Your kids will. But inflation will bring that down

[Anonymous No.19412788]

>>19409169
I assumed the discrepancy was also because it's including corporations under taxpayer

[Anonymous No.19412791]

every citizen needs to get some kneepads

[Anonymous No.19412834]

>>19409420
>blacks chimped out over unemployment
Never met a black before?