So true!
US debt has never caused us a problem
Posts
Total:
118
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@Vegasgiants
Did you know that you and everyone in your family each owe $96,744 on the US Debt?
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@FLRW
Good thing they will never try to collect. Lol
We will always have debt
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@Vegasgiants
If debt causes inflation....why does inflation go up and down but debt always increases?
Inflation doesn't go down, not when averaged over a week or greater.
It's not debt that causes inflation, it's printing money. Only a government with a reserve fiat currency deals with debt by printing money. I can't deal with debt by causing inflation for instance, nobody will accept it when I print out dollar bills.
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@ADreamOfLiberty
There is no correlation to rising inflation and rising debt. We have long periods of high debt accumulation and low inflation.
Norway has no debt but has typical inflation
My dollar bills work quite well
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@Vegasgiants
There is no correlation to rising inflation and rising debt.
I just explained the causal relationship. It is not direct.
We have long periods of high debt accumulation and low inflation.
Inflation is only one way the government steals. If the others are more relied upon the inflation needed is not as great.
Norway has no debt but has typical inflation
https://tradingeconomics.com/norway/money-supply-m2 (select "MAX history")
Why they print money when they don't need to, ask them.
My dollar bills work quite well
They are worth less every day. Real value of wages is falling.
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@ADreamOfLiberty
Well you have a theory on a causal relationship
Norway shows that debt is unrelated to inflation
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@Vegasgiants
No, Norway shows that it is not inextricably related. My theory does not claim it is inextricably related as clearly explained. Your counter-examples fails.Norway shows that debt is unrelated to inflation
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@ADreamOfLiberty
Well you have a theory without any real world evidence
You have NO examples. Lol
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@Vegasgiants
Well you have a theory without any real world evidenceYou have NO examples. Lol
Your strawman has no examples, I have two so far: USA and Norway.
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@ADreamOfLiberty
No you don't
Oh well
In 1953, every person in the USA owed $858 on the National Debt.
Now it is $96,744.
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@FLRW
Send me a bill
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@Vegasgiants
"The federal government currently spends more on net interest than it does on Social Security Disability Insurance, food and nutrition services, housing, or transportation. At the same time, the household share of net interest is larger than average annual household spending on gasoline, home furnishings, clothing, or personal care." (https://www.crfb.org/blogs/just-how-big-are-federal-interest-payments)
"The roughly $400 billion the federal government is projected to spend on net interest payments in FY 2022 is more than it is expected to spend on veterans' programs ($269 billion); food and nutrition services ($230 billion), including the Supplemental Nutrition Assistance Program; Social Security Disability Insurance ($142 billion); federal civilian and military retirement ($133 billion); transportation ($130 billion); elementary, secondary, and vocational education ($129 billion); housing ($78 billion); higher education ($69 billion); Supplemental Security Income ($61 billion); and science, space and technology ($37 billion)." ( Ibid)
So there you have it.
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@prefix
I don't see the problem. Those programs do not exist without the debt
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@Vegasgiants
I'll bet your credit score is about 300.
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@Sidewalker
Guys like you mow my lawn
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@Vegasgiants
Sidewalker is an entrepreneur with a networth of $100 million.
Perhaps it isn’t wise to mock him for his superior knowledge on the subject.
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@Sir.Lancelot
I am Bill Gates. Maybe you heard of me?
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@Vegasgiants
Wait rlly?
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@Sir.Lancelot
Nah. I'm really Ben Affleck
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@Vegasgiants
US debt has never caused us a problem
If you are implying that your conclusion is “ergo, it never will cause us a problem,” that is a fallacy.
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@cristo71
Prove it
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@Vegasgiants
The fallacy is called “non sequitur”— does not follow, in other words.
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@cristo71
That's nice
Prove it
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@Vegasgiants
“The existence of nuclear weapons has never led to a nuclear war. Therefor, they never will.”
Is this reasoning sound to you?
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@cristo71
Dude did I say the debt never will cause a problem?
That's your strawman
The debt has never caused us a problem
Start your own thread about the future....or present evidence
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@Vegasgiants
Dude, you’re moving the goalposts of this particular discussion. Do I need to prove that now?
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@cristo71
YOU are moving the goalposts
Here are the goal posts
The debt has never caused us a problem
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@Vegasgiants
It’s official— I’m embarrassed for you now.