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Comments by "Grim Affiliations" (@grimaffiliations3671) on "How high the U.S. debt ceiling is expected to grow without congressional resolution" video.
it has no point
2
@pinkcichlid no, it goes up quickly when theres some kind of disaster like the covid pandemic, and slowly when things are normal. The national debt doesn't matter anyway, people are overreacting
1
they don't raise taxes when they spend more than they tax
1
@annabellelee4535 that;s not true at all, it increased the deficit by 2 trillion without much of any increase in job creation. And he didn't inherit a dying economy, he inherited an economy that saw 75 straight months of job growth before he got in
1
@annabellelee4535 "stimulated the economy" lol, pretty much every review of those tax cuts saw that the benefits went overwhelmingly to the 1%. And the elites are savers, not spenders. So it did virtually nothing to stimulate the economy
1
@annabellelee4535 Biden beat his unemployment record this year, and the record low unemployment trump brags about was simply due to following the employment trends set in the previous administration
1
the US doesn't need to pay off the debt, they just need to pay the interest, which they have no problem doing
1
@annabellelee4535 yeah, and it pays for the treasury bonds by paying the interest on them. That's the only obligation. The interest payments will never be a problem because the fed has completely control of our interest rates. They will always make sure the interest payments are below the growth rate of our economy
1
@imageddonf5012 it's not raising higher interest to attract anyone, it paying higher interest to reduce inflation. And no, nothing will happen if other counties get rid of their us bonds
1
nope
1