Happy $15,000,000,000,000 Debt Day!

[mrplunkey]

We should pass the $15,000,000,000,000 in debt today!

Should we have a party?

I miss Bush deficits.

 

[Arabian]

No big deal, the government will just write a check for that!!!!lololol, problem solved

 

[PICK3]

is that alot

 

[lartinos]

I don't miss Bush anything like everyone else. Barry is just as bad at fugging things up though too.

 

[b0und]

Don't worry, Benny can always print some more.

Seriously though, it's not like the US could really default unless it wants to. And inflation isn't really the issue right now, despite QE3454552.







b0und (so what's the problem? )

 

[mrplunkey]

Don't worry, Benny can always print some more.

Seriously though, it's not like the US could really default unless it wants to. And inflation isn't really the issue right now, despite QE3454552.


b0und (so what's the problem? )

The problem is we have a fairly large interest payment, and our debt is financed on a relatively short term.

So if (when) our borrowing costs finally increase, there will be a whipsaw effect where our interest payments dramatically increase which then increases our deficits and debt which in turn increase our borrowing costs, etc. etc.

But you are right -- we could print-up $15T dollars tomorrow morning and pay off the debt in a day. But that's a one-time ever maneuver.

 

[SpyWizard]

No big deal, the government will just write a check for that!!!!lololol, problem solved

"If i have checks i must have money"

True quote

 

[ceo]

So if I had like $800 Trillion, would paying the note on this $15T, and then owning the USA be a good investment?

 

[ceo]

btw...LMK ASAP!

 

[ortiz34]

More people working with a better economy is how they'll pay some down







Eventually

 

[ismaele00]

And Spain and Italy are near the collapse... if only one of this countries fall in bankruptcy, the American debt will seems only a funny joke...