Timeline: 150 Years of U.S. National Debt

Thank you Biden and liberal left for not having the sense to know how to add and subtract...Morons!! You geniuses couldn't find your own butt in the dark with both hands.

the liberal left wouldn't need to throw all that money into the economy if the ridiculous right would have kept the pandemic response plan in place instead of golfing and saying " one or to cases they will be gone soon" Remember to sweep in front of your own door before you whine about your neighbors dust.

They are just simply butt hurt. Soon they will be saying that Biden killed his dog Major.

Its a ratio. Double the denominator (nominal GDP) and that is ratio halved.

How? Well may you ask.

The right and the left continue to discuss the financial status of the Federal Government the same way, Money in, Money out and debt. The one part of the financial statements that are never discussed or considered involves the assets the Federal Government owns. If one looks at the balance sheet published by the Federal Government, it is fulfills the requirements of GAAP, (lower of cost or market) and therefore hides what could be a a solution to the debt discussion. Time Magazine, on Feb 5, 2013 published an article by Christopher Matthews which inventories the value of those assets at their fair market value. Matthews headline was " The Federal Government's $128 Trillion Stockpile: The Answer to our Debt Problems?" The real solution to the current perceived debt problem is not a matter of money in -- money out, but an approach that address asset management.

how does $28 trillions debt to $21 trillions GDP ratio gives 105% debt to gdp ratio. It should be 133% debt to gdp ratio.

Never mind, poor Liberals, perhaps they can fill the budget deficit as result of monies saved by Riot Police resignations and all the defunded police. Bless.

I love how people love lambasting one party on financial issues like it hasn't been both parties that have led us here.

While idiots dribble about the rancid right and liberal left - you do know these politicians are lining their pockets and coffers. US debt has been climbing out of control for years and years. Yet we have had presidents from both parties and still no one addresses the elephant in the room.

When will people actually get tired of getting crying and stop blaming parties and actually hold their constituents accountable?

Just to say both parties are MAJOR shite and only care for aligning their ideas and pockets. They don't care for the small guys.

Perhaps they can sell Washington DC. That'd be a good start.

Best idea yet!! But I think they call that a "revolution" don't they? Of course those idiots would be trying to get the latest polling on whether it's a good idea.

You are asking for logic and reason where there is none. The politicians are those guys in highschool that couldn't figure anything out yet somehow passed on to the next level. They only know how to say what others want to hear. On the street we called those people whores.

I agree with ya there, when the likes of teddyboy cruise attended Princeton & Harvard, WTF!

Hmmm. I agree with Hudi. But what amazing verbal stamina here. He protests too much! (projecting Shakespeare). You can't play Hamlet as you might a pipe. I'm looking forward to the return of intelligent debate on this platform or an end to it. A link with forex would help. And a link to the real world

While a series of economic and political crises will put strains on the need for borrowing at the national level it is crucial that the money borrowed be put to good uses such as healing the causes and consequences of the crises of the past. Just like lending to an irresponsible person, with no apparent interest in the future, the ability to borrow gets more and more tough which we all understand - lenders ultimately get the message and re-assess the odds of getting repaid.

So this good debate leads on to the quality of public spending as a whole, the political process which determines that quality and the education and awareness of the people of USA. I see problems with each of these 3 items which are interacting together in a dangerous way. Low interest rates globally of course are providing a temporary saving grace and we really don't have any idea how long that period will be. If you believe inflation is making a big comeback (I don't) then you might be getting very seriously worried about the USA and USD. The world has plenty of spare capacity and even in USA the unemployment rate is 5.9% and rising compared to 3.5% before the Pandemic.

It is also very much in USA's interest to help to grow the world economy which not only helps the USA to grow faster (revelation) but increases the USD value of all USA assets. For in the end it is not only GDP which matters in debt discussions (GDP = income) but the value of USA assets relative to the debt burden.

Inflation likely won't be the reason for the next economic crash. Zero and negative rates are a stealth taxation of those who provide stability to the system. It hurts the wrong people in regards to the changes that are urgently required to make the change to a sustainable future. A sudden break of confidence in the system and political pressure from those who lose under the current regime will be the trigger that finally breaks the current path of zero rates forever.

All underlying long term trends are deflationary and might stay so for centuries to come. We should aim for a yearly reduction of the world population of 0.2% / year for at least the next 200 years to come. We shouldn't aim to quantitatively outgrow the current debt levels... we are already highly unsustainable and more quantitative growth will reduce the overall quality of live as well the living conditions of all other living species on this planet.

We can always grow in regards to productivity trough automatisation, quality of life, sustainability, functionality, biological diversity etc....that's what we should aim for, not producing more and more of things we do not really need to live a happy life. Decreasing population is a very important part of the equation.... all developed countries already are on this path and reduction will likely even exeed the 0.2% far earlier than most would expect. A lot of things that worked in the past won't work in the such a future...

We should change from a quantitative growth model to a qualitative (fully sustainable) model and do it now. The longer we wait, the smaller the chance that the change is happening without massive disruption or even collaps. But I am realistic enough that this means a lot of pain for multiple generation to come. Humans tend to hold on to their privileges and ignore long term consequences till they are getting punched in the face by reality.... so the current economic regime will likely survive far longer than what would be reasonable, especially with zero or negative rates. At some point, the central banks (states) will own a huge part of the economy. They don't get it from you through taxes, they get it from you by outbuying you in all asset classes with money they can create out of thin air to keep deflation in check during this transition.

Responding to your post further down. I'm amazed at the attempts to compare what happened on Jan 6 to other truly brutal "coup attempts" like you describe. Not a single death that occurred during or shortly after the protest on Jan 6 was a direct result of any protester. Look up the facts on each instance of death. In fact not a single protester carried a firearm or significant weapon that one might need during a bona fide insurrection.

True brutal coup attempts of local governments occurred during all the BLM/Antifa riots that occurred after the George Floyd death. But you and so many others try characterize what happened at the White House on Jan 6 as something far greater than the George Soros funded BLM/Antifa riots. It is such a sad and truly desperate attempt by you and all the others participating in this True Big Lie.

You forgot a few things.

Hillary and her emails, and Bengazhi.
Barack Obama is a secret Muslim.
Bill Gates wants to control the population thru vaccines.

Just wanted to help you out a little with that. Other than those few things, Breitbart and FOX and OAN, and...well you and I both know where you get your "facts". Anyway, they have taught you well.

In a Rare moment of Inspiration .. FF/FairEconomy/Newsstand managed to post and LABEL a News item aptly
ENTERTAINMENT NEWS..
Of course the news item wasnt Entertainment News...
but the ensuing Members Comments - Dog and Pony Show has been.

Yes.. A couple of considered contributions were of value- the usual members.. ..
but the Entertainment Post Label was quickly justified by the guest appearance of the Fairy Queen of ShitStirring Celebrity Posters, peddling his usual partisan political agenda made the resulting mayhem inevitable.
If ever the Mark Twain adage of "Never argue with an idiot. They will drag you down to their level and beat you with experience" was relevant it was here. Especially when this one comes fully equipped with a well rehearsed PlayBook, and self granted diploma in psychology. When will folk learn. that idiots like this only find the attention they crave, when taken and responded to seriously.

On a board that contains more and more padding, and a content mix of less and less interest to active investors with Fx exposure, (still less I imagine, to day traders), discovering little Entertainment gems like this make an occasional visit worthwhile.

The "WrongThink" police is doing its rounds again.
it's clear who must have the last word.
Hilarious

What do these amazing ideas presented here really tell us?
Well, 2 main points apparently

Population control and production control


A) population control
"We should aim for a yearly reduction of the world population of 0.2% / year for at least the next 200 years to come."
"all developed countries already are on this path and reduction will likely even exeed the 0.2% far earlier than most would expect"
The world population is expected to reach 9.5 billion in 2050 (currently 7.9 billion)
Please can you explain
1) who will be subject to population control ?
2) What organisation will control and implement the strategies ?
3) How will the population be controled?
clearly 0.2% will have no effect, and overpopulation would create horrible problems way before your 200 years is reached
Can you explain
4) How can a higher percentage in depopulation be achieved so that the world be "saved" before it's too late ?

B) production ccontrol
"We should change from a quantitative growth model to a qualitative (fully sustainable) model and do it now"
Please can you explain:
1) how will it be implemented ?
2) who will decide what is "qualitative" ?
3) What are the policies and laws that will be created to enforce the "qualitative model" ?

PS:
"Inflation likely won't be the reason for the next economic crash. Zero and negative rates are a stealth taxation of those who provide stability to the system."
I am sure there is a hint of sarccasm in here...