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U.S. GDP is now 20 trillion, GDP per capita is around 62k
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Date: May 16th, 2018 8:49 AM Author: Zombie-like Passionate Stag Film Shitlib We're doing...okay? Dare I say it?
Debt is now over 100 percent of GDP so that seems a bit scary. |
Date: May 16th, 2018 8:53 AM Author: exhilarant windowlicker Our debt is going to fuck us eventually. Only question is whether it will be 5 or 50 years from now (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060582) |
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Date: May 16th, 2018 8:54 AM Author: Zombie-like Passionate Stag Film Shitlib I'm not an EconMo remotely, but some day the debt doesn't matter. Although countries with a much higher national debt, like Japan, seem to be stagnant. I mean economically they're still doing "alright" but it's like in a stasis that they can't break out of to grow. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060585) |
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Date: May 16th, 2018 8:55 AM Author: Plum Frisky Puppy Parlour they need OPEN BORDERS (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060588) |
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Date: May 16th, 2018 8:56 AM Author: Zombie-like Passionate Stag Film Shitlib Not in XO Japan
https://www.telegraph.co.uk/news/2017/05/04/not-welcome-japan-refuses-99-percent-refugee-applications/ |
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Date: May 16th, 2018 8:57 AM Author: exhilarant windowlicker You seem ignorant. Do you even understand how the US govt takes on debt? Do you understand what would happen if it just stopped making payments on Treasury bonds? (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060598) |
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Date: May 16th, 2018 8:59 AM Author: Zombie-like Passionate Stag Film Shitlib Literally just said I'm not an EconMo, but what I have heard some people say is having a large debt is not as bad as one would think.
We can't default on the debt, obviously we have to pay it and we pay it to people like China, practically funding their military and social programs. |
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Date: May 17th, 2018 7:36 AM Author: mahogany bonkers tanning salon ceo We can and will default on the debt. We can’t pay it back, therefore we will default. It’s just a matter of when and how. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36067453) |
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Date: May 17th, 2018 12:16 PM Author: thriller ratface pit Payments on national debt don’t fund foreign military/social programs (they can get a better return elsewhere). Rather, the issued debt funds OURS. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36069305) |
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Date: May 16th, 2018 8:58 AM Author: Stirring public bath lettuce It doesn’t matter much up to a certain point but then it starts to matter. The Fed Govt debt alone has probably already passed that point. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060604) |
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Date: May 16th, 2018 9:02 AM Author: Zombie-like Passionate Stag Film Shitlib :/ (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060630) |
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Date: May 16th, 2018 8:56 AM Author: Stirring public bath lettuce It’s the unfunded off-budget liabilities that really terrify me. All those government pension liabilities from the 1000s of state and local governments. Together they are multiples of the Fed Govt debt. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060593) |
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Date: May 16th, 2018 8:57 AM Author: Zombie-like Passionate Stag Film Shitlib This too. Ultimately it will require pain for everyone, meaning pension reform + higher taxes on a smaller workforce supporting an ever larger pool of people collecting benefits. Going to be painful. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060602) |
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Date: May 16th, 2018 8:59 AM Author: Plum Frisky Puppy Parlour it won't happen under our current form of government (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060612) |
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Date: May 16th, 2018 9:01 AM Author: Zombie-like Passionate Stag Film Shitlib Boomers are going to pillage every last morsel of prosperity before they shake off the mortal coil anyway, so in the words of the incomparable Hillary Clinton, what difference, at this point, does it make? (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060620) |
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Date: May 16th, 2018 9:01 AM Author: exhilarant windowlicker Lol, no one should give a fuck about fat lazy union workers losing a pension (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060623) |
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Date: May 16th, 2018 9:02 AM Author: Zombie-like Passionate Stag Film Shitlib So how do you plan on reforming or removing fat lazy fuck's pension without riots and protests? (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060628) |
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Date: May 16th, 2018 9:03 AM Author: exhilarant windowlicker Riot police with tanks (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060632) |
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Date: May 16th, 2018 9:22 AM Author: galvanic rigor indian lodge (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060751) |
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Date: May 16th, 2018 9:03 AM Author: Plum Frisky Puppy Parlour ahhh the fats are rioting helllpppppp (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060635) |
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Date: May 16th, 2018 9:22 AM Author: galvanic rigor indian lodge Old fats with arthritis and shit. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060755) |
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Date: May 17th, 2018 8:33 AM Author: motley gaming laptop french chef (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36067626) |
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Date: May 16th, 2018 9:20 AM Author: ultramarine fighting candlestick maker home There is no chance in hell that state and local debt is "multiples" of the federal government debt. State and local debt is a fraction of federal debt hoss. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060743) |
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Date: May 16th, 2018 9:27 AM Author: Floppy drunken office http://grandfather-economic-report.com/natdebt-vs-natincome.gif (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060788) |
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Date: May 16th, 2018 9:28 AM Author: Stirring public bath lettuce read again “debt” is just bonds, which is a fraction of all liabilites, most of which are unfunded it’s real liabilities that matter, not just those in the form of bonds pension etc liabilities do not generally show up as debt, but they are just as real |
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Date: May 16th, 2018 9:29 AM Author: Stirring public bath lettuce as an example, read this: note this guy is a prof, not some media pundit haircut |
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Date: May 16th, 2018 9:23 AM Author: Floppy drunken office If you sum them all up its in the tens of trillions. Ljl (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060766) |
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Date: May 16th, 2018 9:33 AM Author: Stirring public bath lettuce it’s staggering and terrifying (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060835) |
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Date: May 16th, 2018 9:38 AM Author: galvanic rigor indian lodge It is also increasing every year. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060874) |
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Date: May 17th, 2018 8:16 AM Author: mahogany bonkers tanning salon ceo Nothing to fear. It simply won’t be paid (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36067558) |
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Date: May 16th, 2018 9:22 AM Author: Rambunctious geriatric house skinny woman federal government debt doesn't matter (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060752) |
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Date: May 17th, 2018 8:21 AM Author: mahogany bonkers tanning salon ceo Then we should borrow quadrillions and everyone could be rich!!! (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36067580) |
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Date: May 16th, 2018 9:23 AM Author: galvanic rigor indian lodge Agreed that the debt will fuck the US eventually. There will come a point where we'll end up inflating our way out in a remarkable bout of what is likely to be an era of stagflation. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060764) |
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Date: May 16th, 2018 9:34 AM Author: Zombie-like Passionate Stag Film Shitlib Aka Japan's current predicament. Abenomics has failed, btw.
With that said, it's not like Japan is doing poorly, it's still rich and making money but it's stagnant. |
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Date: May 16th, 2018 9:38 AM Author: galvanic rigor indian lodge Yes, because economics is based on fundamentals and not nebulous magic. Americans have this concept that the US will always do well because we're American and we're just that awesome. That isn't how it works. IRL, we are only doing as well as we are because we're fueling our economy with more debt every single year. Eventually, that will come to an end AND we'll go from taking it to paying it back. Imagine what the economy would look like today if we actually had to balance the budget and still made mandatory payments. As you say, basically Japan.
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Date: May 16th, 2018 9:40 AM Author: Zombie-like Passionate Stag Film Shitlib And even worse, look who we will be paying it to. China? We will be giving them one aircraft carrier a month in interest payments. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36060877) |
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Date: May 16th, 2018 9:32 PM Author: Cowardly talking point keepsake machete lmao (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36065604) |
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Date: May 17th, 2018 12:03 AM Author: metal dashing haunted graveyard lulzy thread (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36066747) |
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Date: May 17th, 2018 12:08 AM Author: bespoke set famous landscape painting US debt is a complete fiction because we print our own money and pay off our debt with said printed money. Its turtles all the way down! (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36066785) |
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Date: May 17th, 2018 12:18 AM Author: 180 out-of-control fanboi market Cr it's all a fraud. The funny thing is, we are the ones we defrauded. Or rather, we are the ones boomers defrauded. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36066848) |
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Date: May 17th, 2018 12:25 AM Author: bespoke set famous landscape painting (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36066880) |
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Date: May 17th, 2018 10:33 AM Author: galvanic rigor indian lodge Yes, we can and will inflate our way out. You're nuts if you think that won't have massive consequences though. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36068374) |
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Date: May 17th, 2018 10:35 AM Author: Stirring public bath lettuce correct, the inflation of the mid 60s to early 80s killed investment and growth for a couple of decades (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36068388) |
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Date: May 17th, 2018 12:09 AM Author: exciting school telephone Boomers want short term gains. They are saddling the next generation with debt so they can play with upgraded Margaritaville mixers by their pool. When will you people learn? (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36066795) |
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Date: May 17th, 2018 12:10 AM Author: metal dashing haunted graveyard (guy part of the next generation lamenting the fact that he is literally part of the next generation) (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36066803) |
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Date: May 17th, 2018 8:33 AM Author: motley gaming laptop french chef We need to pass this on to gen z (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36067628) |
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Date: May 17th, 2018 7:28 AM Author: copper toaster kitchen Yet you still only take two weeks vacation. Nation of cucks. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36067442) |
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Date: May 17th, 2018 8:29 AM Author: mahogany bonkers tanning salon ceo You’re ignoring the vacations that occur the first 24 years and last 24 years of life (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36067607) |
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Date: May 17th, 2018 10:33 AM Author: galvanic rigor indian lodge Over 4 weeks here. (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36068380) |
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Date: May 17th, 2018 7:40 AM Author: rose hairraiser forum US has always kicked ass on these metrics (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36067463) |
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Date: May 17th, 2018 10:34 AM Author: Obsidian Razzle Reading Party Nowag isn't Japan's debt 200% of gdp? (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36068384) |
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Date: May 17th, 2018 10:36 AM Author: Stirring public bath lettuce yes and they have been essentially stagnant since they ramped up their debt to those levels (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36068399) |
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Date: May 17th, 2018 12:05 PM Author: rose hairraiser forum And correlation = causation amirite guys? (http://www.autoadmit.com/thread.php?thread_id=3978155&forum_id=2#36069227) |