Comments by "TeeKay" (@teekay_1) on "The US Literally Cannot Repay Its National Debt." video.

  1. It's passing our debt to our children which is immoral.
    4
  2. They'll inflate their way out of it. Think of it.... over the past 3 years, they're effectively reduced our debt by 30%. The trouble with this plan is it pushes up interest rates, and there is a reluctance to buy US treasury notes unless the interest rate is attractive. They'll need to get to a balanced budget over a period of 5 years. Make it an amendment.
    1
  3.  @randyallred2382  Federal deficit spending adds dollars to the private economy Yes that's correct, but the net effect is to devalue existing dollars so that's why it's a bad thing. If you're a retiree on a fixed income, having more dollars worth 30% less means you can't afford food, or gas. If deficits and printing money was a great thing, then we could run infinite deficits and everybody would be rich, right?
    1