Comments by "buddermonger2000" (@buddermonger2000) on "Will the National Debt Kill the US Economy? || Peter Zeihan" video.

@CraigPerry First off: you're incredibly dense and lack some basic reading comprehension. Secondly: The pension systems would be adequately paid for if the pot wasn't often used as a source of extra funding and simply allowed to be a system that you pay into and then receive your money back. Thirdly: Yes you're right you can tax more to run a surplus obviously. However, the tax lever is not the most effective. The most effective long term is to dismantle the budget in order to run a surplus. Simply taxing your citizens more reduces their ability to pay for goods and services and hurts long term growth. Which, also means your tax budget stays stagnant while it would be growing with faster economic and wage growth, even with the same tax policy.
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@CraigPerry It is the deficit, yes. That deficit requires payment via debt. So that's how you increase the debt. In order to decrease the debt, you have to still shrink the government budget (but don't change taxes), so that you can run a surplus and pay down some of the principal. Btw our current interest is greater than the military budget.
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Political position and reform which is what he avoids deliberately
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@CraigPerry Yeah no not quite. It's literally part 2. It's Government Budget - Tax Revenue. Lower the former or raise the latter you get the same effect.
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