Comments by "Digital Nomad" (@digitalnomad9985) on "How the States Can Save America | 5 Minute Video" video.

  1. +My existence is a momentary lapse of reason "The debt is merely a record of all debt that we've ever owed as a country; the deficit is what we currently owe as a country so when he talks about the debt he's being purposely deceptive in order to push an agenda." Your analysis is false. The debt is what we owe, the deficit each year is what we are adding to our debt that year. The debt will only become a past debt when we pay it, which would require years of surplus. Since YOUR "example" of his supposed deception is false your accusation falls at your feet.
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  2. +Leivve In both sides of your analogy (personal and government) you throw in things that really do require borrowing and things that do not. 1st level-genuine emergency: government - necessary war, rebuild after a major disaster personal - life saving medical operation 2nd time shifting necessity, you need it now, you can pay for it with a loan and pay off the loan: government - I can't think of anything that fits into this category for government. personal - a house 3rd routine recurring needs: government - Maintaining and expanding infrastructure is on the national, state, and local scale a routine expense. If you can't pay for it now, you can't pay for it later. A government routinely borrowing money for this is like a person routinely borrowing money for clothes. personal - Food, shelter maintenance, transportation. I know it is common practice to borrow money for a car and spend years paying it off. This is wrong. As an adult, I have never borrowed money to buy a car, and I have never been without one. I buy what I can afford with retained earnings. I have never earned more than $30k a year. I spend a minute fraction on transportation of what the average person does. The absurd buying habits of western man with regard to autos is why cars are so expensive new and how auto companies can lobby government to keep cheap competition out of the market (like US makers did to the VW bug in the 1970s, when you could buy a new bug for less than $2k). The only thing I have taken out a loan for in my life is my house. When it comes to routine recurring expenses, if you can't pay for it now you can't pay for it later. Another place your analogy breaks down is that private borrowers are actually required to repay the loans. When we try to get governments to do the same, you object.
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