Comments by "Samson Soturian" (@samsonsoturian6013) on "The US Hits Its Debt Ceiling Limit!" video.

  1. The problem isn't we're broke, the problem is most politicians are more concerned about the party affiliations of the men proposing a bill rather than the bill itself.
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  2.  @victorcode2075  Dude, that's less debt than the average mortgage. And note the government's ability to borrow is much higher than an individual because a government, by definition, has the best credit rating in their jurisdiction.
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  3. Every decade, not every year.
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  4. A government, by definition, does whatever the frick they want.
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  5. When the economy quits growing.
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  6. Voters in America overwhelmingly prefer reformers over stability. In order to get the job you have to promise to make all sorts of changes to the law. Of course, in countries where the voters prefer stable and competent governments over all else, democracy quickly comes to an end since everyone votes for the incumbent and/or cannot be bothered to organize a vote.
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  7. That will happen when the states stop growing. That's also the day that stock markets stop yielding 10% a year.
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  8.  @guywebster8018  Governments are self-insured. As in payment is secured by a money printer and armed soldiers.
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  9.  @bvssrsguntur6338  That's overlevered. But if your debt was akin to the Feds it would be more akin to 250k debt on 150k income.
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  10.  @jonathantaylor6926  Social Security comes out your taxes and is a tiny fragment of the overall budget. And governments issued self-secured loans. T-bills are backed by a money printer, the largest gold reserve in human history, and millions of soldiers and police.
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  11. Congress is not the bank. No one sets the government's debt limit except the government. YOU, however, have credit that is dictated by rating agencies.
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  12. Dude, governments are self-insured. Meaning in order to be considered a sovereign government, there must be no one in the world that can enforce payment. But more importantly, this has nothing to do with Washington's ability to pay the bills and everything to do with idiots extorting concessions on unrelated matters. Now go pay your bills you bum.
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  13. You probably have an interesting criminal record.
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  14. Shut up
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  15. We go through a completely new government every decade. Constitutional rewrites only happen at gunpoint.
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  16. Shut up
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  17.  @awdrifter3394  shut up
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  18.  @awdrifter3394  shut up
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  19.  @awdrifter3394  shut up
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  20.  @awdrifter3394  shut up
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  21.  @awdrifter3394  shut up
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  22.  @awdrifter3394  shut up
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  23.  @awdrifter3394  shut up
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  24.  @stephenm3470  Growing economies incentivize deficit spending so government services can be provided without heavy tax burdens. Likewise shrinking economies incentivize government savings programs because there's nothing to invest that money in anyway.
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  25.  @benchoflemons398  Put that back up your butt where you got it.
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  26.  @guywebster8018  Namely yours
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  27.  @guywebster8018  Whatever case you're trying to make you're not doing a good job at it.
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  28.  @StinkPickle4000  And you're a liar
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  29.  @guywebster8018  You miss the part where the Fed took care of that? Or do you simply not care?
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  30.  @guywebster8018  Coffee is a crime journalist. And the Fed does what it wants no matter what anyone thinks.
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  31.  @piccalillipit9211  Again, that's akin to a mortgage. Debt levels haven't just been more extreme in the past, we're actually below our own historic debt loads. The most extreme debt examples come from newly formed states on the old frontier where literally everyone had a mortgage to set up farms, mines, and shops and the banks could only fund this because they got mortgages from back east. This trend STILL HAS NOT ENDED, as most Europeans are invested in America, and America still receives migrants. Unrelated, Chinese average corporate debt is twice that of the US not including hidden debt. Hence the volatility of the economics there.
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  32.  @piccalillipit9211  I didn't say China was screwed. China was always a shithole, and this is just the most recent iteration of infighting there. And I'll wager your portfolio of cryptos has collapsed.
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  33.  @allottashit8118  Only if you're a liar
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  34.  @Fleshlight_Reviewer  Like... you?
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  35.  @daniel-panek  liars burn in hell
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  36.  @T1kr3b3u  that ain't how fiat currency works
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  37.  @TheAutisticRebel  liar
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  38. Irrelavant
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  39. We literally aren't doing that. And the Feds have the world's money printer. No one's credit is better than the Feds.
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  40. @davidg4512  That’s not what happened either.
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  41. Shut up. We all know that fools like yourself are more concerned with the party affiliations of the men proposing the budget rather than the budget itself.
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  42.  @Saratogan  You specifically compared the debt ceiling to personal credit limits. They are not the same.
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  43.  @Saratogan  Not that simple since the Feds have a money printer and also borrow and lend in order to regulate the amount of money in the economy. I.E. T-bill yield rates did not rise last year because the Feds had a credit downgrade, but because the Feds have to delete all that money they printed. And quit throwing around vocab words just to sound smart.
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  44.  @Saratogan  No, fucker, my time in grad school has taught me how to recognize when fools are trying to sound smart. And you don't even fucking realize what targeted inflation is, much less can calculate the Fed's credit rating. And how much have you lost trading crypto?
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  45. I say we draft your lazy butt just for saying that.
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  46. We have the money, congress just has too many chiefs, not enough indians.
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  47. That rules you out. NOW SHUT UP
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  48.  @upthebracket26  And why would I care if that were true. Shut up
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