Comments by "Grim Affiliations" (@grimaffiliations3671) on "The US Debt Can’t be Repaid - So What Will Happen Instead?" video.

  1. no we're not
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  2.  @Kurt1969  because borrowing is optional, they could stop selling bonds at any time.
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  3. wage are a lot higher than they were back then
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  4. the government needs to spend more than it taxes, or the private sector will get squeezed until it collapses. Luckily we don't have to stop spending to stop adding to the national debt, we could just stop selling bonds.
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  5. Nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  6.  @safeandeffectivelol  No, lowering rates would not trigger inflation. All the remaining excess inflation is in rent, and lower rates actually lowers housing inflation
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  7. People don't seem to realize than the fed rolled over 120 trillion dollars worth of bonds in 2021 alone. Surviving the debt is never a problem when the debt is in your own currency
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  8.  @carlbarrows2487  not true
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  9.  @carlbarrows2487  no it doesn't, in fact deficit spending is actually negatively correlated with inflation
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  10.  @carlbarrows2487  how?
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  11. yup
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  12. nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  13.  @Kurt1969  nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  14. nope
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  15.  @ZeroHero-33  i get that reading isn't your thing but maybe read my other comment?
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  16. no we're not. Read the Deficit Myth by stephanie kelton
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  17.  @ericmorrison8772  nonsense
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  18. You don't have to be the reserve currency to roll over debt forever. The Japanese are doing the same. They also bought out half of their debt in 1 go lol
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  19. the national debt is just a glorified savings account
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  20. wrong
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  21.  @MrDucksBill  when are you talking?
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  22. currently growing at twice the rate of the next strongest g7 nation
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  23. they do
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  24.  @VishnuKalli  reserves are the currency yes. If you think its worthless feel free to send it my way
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  25. fed is part of the government
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  26. nothing is unfunded, and they pay the interest by rolling over
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  27. the central bank prints what the government tells them to. They have no choice. And they're not lending money, they're selling bonds
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  28. repaying is unnecessary
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  29. it already pays back its debt. Pay back and pay off aren't the same thing. Paying it off isn't necessary
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  30.  @LyricsQuest  can't lose the ability to borrow when you don't borrow in the first place. Selling bonds is not the same as borrowing
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  31. nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  32. the government doesn't "borrow" it prints
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  33. taxes don't pay for anything the government does. When you pay tax, you're returning money the government already spent into the economy, you're not giving them new money. And even if taxes could pay for things, it wouldn't come close to covering the governments expenses. They rolled over 120 trillion dollars worth of debt in 2021 alone
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  34. dont need growth, they can jsut selling bonds
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  35. nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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