In debt to who though? A private corporation? That's laughable. Every country in debt to a bank should just do an Iceland.

Or what King Philip IV of France did to the Knight's Templar.

Or pull a chairman Mao and rid the state of the filthy bourgeoise.

Mostly, in debt to ourselves.

this perpetual debt is planned this is not side effect of debt based capitalism ... think about it, the banks are private business, and like every private business, profit is the most important thing.

so how do banks make profit? when they loan money. so in their insterest it is to lend as much money as possible.

does it matter what that money will be spent on? not really, does it?

so banks lobby hard to governments to take on as much loans as possible.

and incompetent governments don't know what to do with all this money and the easiest way is to spend it on military. the usa alone spends more than half of GDP on military alone.

every's one happy, well military and banking lobbies that is

all these wars and military spending is motivated by banks and nothing else, all wars agaist terrors are just a fucking farce to spend as much money as possible.

the solution is simple, burn down the banks. (also in metaphorical sense, we just need to make them go bust, Mr Robot), the money should be FREE or at least the profits from it should be SOCIALIZED.

All wars are Bankers wars.

It's a lot more complicated than that dude...

Look into the petrodollar. War is all about power, oil, and money.

This gives $1 Trillion per year from all Tax-Money in USA direct to the Banks for the Interests and did not sink the debt for even a cent.

Thats just how Banks farm Humans today ... People are slaves and dont even know it.

That will happen when you have a trillion dollar a year military budget, tax cuts for the rich, no national healthcare, and deindustrialise your economy

Here's the plan... Let's take another $20,000,000,000,000 to the casino, put it all on red and double up to pay off our debt. There is no way this plan fails.

Wesley Snipes would disagree.

U.S. Debt Clock

We're riding the hockey stick of an exponential curve. It was salvageable until 2000, but we embraced debt. Now its only going to stop when the car breaks or we run out of road. I realized that around 2014, better late than never. What form the crash will take is unknown, but we will crash. Why any sane person is running for President, I'll never know. There is no way this is going for another 8 years.

do you think thats why trump will win. because hes pretty much the fall guy for the crash?

$20,000,000,000,000.00 fuck

If you think 20 Trillion is a big number, check out a little thing called unfunded liabilities.

Apparently, the amount for that (for stuff like social security) is several times as much as the debt. I've heard figures as high as $150 Trillion being quoted by reputable experts.

This is what happens when politicians are allowed to bribe the public with public money.

Wut

Social security is paid for by people paying into it

bribing the public

If they are services we want and benefit from what's the big problem with paying for it? Do you expect hospitals and fire fighters to be free?

I don't think it's that simple. The people at the beginning of the social security era may benefit, but the younger generations likely won't. It's an unsustainable system that takes money from you your whole like, spends it on other programs like bombing brown people, and then struggles to pay out as the nation sits at a cool 20trillion in debt.

So it's not the program it's those running the program.

It's an unsustainable system that takes money from you your whole like, spends it on other programs like bombing brown people, and then struggles to pay out as the nation sits at a cool 20trillion in debt.

you can thank regan for that!!

No, its perfectly sustainable, e money doesn't go elsewhere it has its own specific fund.

It works like this...

Vote for me and I'll make sure there's lots of government spending on all sorts of good stuff where you live.

The competing candidate makes similar promises. People are fooled into thinking that the money for all these things is going to come from somewhere else.

You are right in that some of this spending is for everyone's benefit. But a lot of it is not. Like military spending for example. It always gets political support because the military industrial complex is widely distributed around the US.

Congressmen sell the idea to the voters that it's a good thing because of how much $$$ will be spent in their state. But nobody seems to stop and think about how their limited benefit will contribute to a deficit and debt that affects everyone. Even worse, it affects the next generation as well because that $20 Trillion is going to be around for a loooong time.

A really radical choice would be to trim that $500 billion/yr spending and put more of it towards things that create more jobs/benefits per dollar. Maybe even run a small budget surplus and pay a bit of the debt off each year... instead of always racking up more.

That's what a financially responsible household does. People are just kidding themselves if they think the country should be run differently.

That defence spending is so important because it does create jobs, no congressmen was to cut it and see factories close in his district.

You could redirect it to civil uses, rebuilding infrastructure, building public transit that is so sorely lacking in America but then you'd get people complaining that this is a violation of the free market and not the governments job.

A national healthcare system would cost about half what America currently pays for healthcare, so there is a massive saving right there.

I'm not a cheerleader for Putin, but he did ask a very good question related to US defense spending.

He asked why so much was spent on "defense" when, dollar for dollar, more jobs would be created if even some of the money was spent on other sectors of the economy.

It subsidises the hightech industry and R&D but in a way that is extremely wasteful and expensive so it is extremely beneficial for the companies that get the money and also the population has been trained to accept uncritically and not to question defense spending so such decisions get to be made with no public interference where as civil spending would see people wanting to get involved.

You could just put money into pure research and develop a computer.

Or you could develop a rocket that needs a computer to guide it, build thousands of rockets, test them, deploy them, heighten tensions as a result of their deployment and bring the world closer to nuclear confrontation, eventually dispose of them and then need a better trap, etc - many more jobs created and much more money spent.

I can fix it

Ya me too

You forgot some zeros.

And commas,,,,,

commas

someone hurry up and blow up saturn. we owe them way too much money.

This site says the elite are hiding $32 trillion in offshore accounts and I've seen that number estimated at $55 trillion and even higher...so we're in debt to some scumbag banksters?

Fucking obama

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For reducing the deficit while in office?

do you think thats why trump will win. because hes pretty much the fall guy for the crash?