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#123 to #98 - anonymous (08/06/2013) [-]
Ugh, how many times does this have to be explained. National Debt is not like personal debt. National debt is when the country spends more than it takes in taxes and the vast majority of it isn't really 'owed' to an entity that requires repayment. The government itself owns a huge portion of the debt because of bonds it loans to various other government organisations. These bonds can be rolled over indefinitely so the net result is that they act as real money without actually existing so you only ever gain.

Whats more, national debt is converted into assets. If you borrow $100 and gain assets of $200 from it you have a national debt of $100 but you have GAINED from it. The problem therefore isn't with having a national debt, it's not investing the debt wisely. In a recession, the very worst thing that governments can do is stop spending.
User avatar #122 to #98 - zorororonoa (08/06/2013) [-]
Well it isn't like them not spending any more money is gonna help either. Where do you think that the money goes after we buy it? It disappears? No, it goes back in the economy. I'm not saying what they are doing is right, but not spending money isn't any better.
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#112 to #98 - chiefhuskey (08/06/2013) [-]
Flagged Comment Picture
This image was flagged 12/19/2013
User avatar #104 to #98 - chiefrunnyjeans (08/06/2013) [-]
lol I got thumbed down? Ok, who's the out of touch ****** ? Come at me bro
User avatar #128 to #104 - jakecrafted (08/10/2013) [-]
While I didn't thumb you down, that picture is ignorance at its finest, created by someone with no idea how a global economy functions.
User avatar #120 to #104 - thebigsoldier (08/06/2013) [-]
I gave you a thumb brah, you seem to know what's up.
#101 to #98 - arkfire (08/06/2013) [-]
If abortion had never become legal we might not be in this mess.
User avatar #100 to #98 - luckyspirit (08/06/2013) [-]
According to one of my History teachers in high school spending money was apparently a good thing when a country is in debt. I think. **** if I know what I'm even talking about.
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#109 to #100 - plataeiou has deleted their comment [-]
#124 to #109 - anonymous (08/06/2013) [-]
LOL HAVING A LARGE NATIONAL DEBT IS HOW THE GLOBAL MARKET WORKS


Dumbass.
User avatar #127 to #124 - plataeiou (08/06/2013) [-]
Question: How am I a dumbass? That was quite rude, anon. I was joking about Keynesian Economics...As in, I know it doesn't work! It's stupid!

So how am I the dumbass?
User avatar #106 to #100 - thatguyontheright (08/06/2013) [-]
FDR spent money on building up infrastructure which created temporary jobs around the country, which built the economy up enough for permanent jobs to be created by the markets.



Of course the landscape is a little more complicated now, now Americans seem to have to compete with China (an absurd notion, American Labor competing with Chinese labor is like Duncan Doughnuts cutting wages to compete with a lemonade stand). We can either expect wages to rise in China, or our wages to fall.
User avatar #103 to #100 - chiefrunnyjeans (08/06/2013) [-]
lol. I wonder how these politicians deal with problems in their own lives.
"$55,000 dollars in debt and trying to pay off a house? I better buy that BMW! And maybe take out a loan, or 6."
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