At what point will the growth of the federal debt

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  • theking
    Nice Kitty
    • Sep 2002
    • 21053
    #1

    At what point will the growth of the federal debt

    ...cause a total breakdown of our financial system? I personally do not see at any point in the future that the national debt does not continue to grow as I do not see at any point when there will not be a federal deficit. In my opinion to continue to grow the federal debt...simply cannot be sustained...indefinitely. So what is the breaking point?
    When you're running down my country hoss...you're walking on the fighting side of me!

    FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html
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    • CYF
      Coupon Guru
      • Mar 2009
      • 10973
      #2
      Dec 12, 2012?
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        • DateDoc
          Outside looking in.
          • Feb 2005
          • 14243
          #3
          12-12-12 does sound ominous. That being said I think the spending will eventually have to stop and while the dollar maybe in the shitter there are too many other countries invested in the US to let it get so bad it cannot recover.

            Comment

            • Agent 488
              Registered User
              • Feb 2006
              • 22511
              #4
              the spending will die off one day.

                Comment

                • theking
                  Nice Kitty
                  • Sep 2002
                  • 21053
                  #5
                  Originally posted by budsbabes
                  the spending will die off one day.
                  Since I cannot see a future where revenues will increase to the point that revenues will cover expenditures...one would have to think that it has to die off...but this will of course create a whole set of other problems...as in order for it to die off it will mean that a multitude of government jobs will have to die off...a multitude of social programs will have to die off...and military spending will have to be drastically decreased.
                  When you're running down my country hoss...you're walking on the fighting side of me!

                  FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

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                    • kane
                      Too lazy to set a custom title
                      • Aug 2001
                      • 20684
                      #6
                      Originally posted by theking
                      Since I cannot see a future where revenues will increase to the point that revenues will cover expenditures...one would have to think that it has to die off...but this will of course create a whole set of other problems...as in order for it to die off it will mean that a multitude of government jobs will have to die off...a multitude of social programs will have to die off...and military spending will have to be drastically decreased.
                      Yep, if they want to do away with the debt they have to either increase the amount they bring in or cut the amount that they spend. Since every president for the last 80 years has had a bigger budget than the president before him I don't see an end to the spending anytime in the near future. Which means they will either have to increase taxes or just let the debt continue.

                      Realistically we can sustain the debt forever, unless those that we owe demand payment and when they don't get it they decide to stop investing in the country. Technically we could just keep printing money to pay out bills, but if other countries stop covering our debt then the value of our currency will continue to drop and soon it could turn pretty ugly.

                        Comment

                        • theking
                          Nice Kitty
                          • Sep 2002
                          • 21053
                          #7
                          Originally posted by kane
                          Yep, if they want to do away with the debt they have to either increase the amount they bring in or cut the amount that they spend. Since every president for the last 80 years has had a bigger budget than the president before him I don't see an end to the spending anytime in the near future. Which means they will either have to increase taxes or just let the debt continue.

                          Realistically we can sustain the debt forever, unless those that we owe demand payment and when they don't get it they decide to stop investing in the country. Technically we could just keep printing money to pay out bills, but if other countries stop covering our debt then the value of our currency will continue to drop and soon it could turn pretty ugly.
                          Printing money will eventually mean that the money becomes worthless and to continue to borrow money is not sustainable as the interest is currently something like the 3rd or 4th largest expenditure the government has.

                          I am sorry to think it...but I think the future of the U.S will not be as bright as its past.
                          When you're running down my country hoss...you're walking on the fighting side of me!

                          FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

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                            • Socks
                              Confirmed User
                              • May 2002
                              • 8475
                              #8
                              Maybe that's the trigger for the next world war.

                                Comment

                                • Agent 488
                                  Registered User
                                  • Feb 2006
                                  • 22511
                                  #9
                                  every other country is printing money at the same rate.

                                  Originally posted by theking
                                  Printing money will eventually mean that the money becomes worthless and to continue to borrow money is not sustainable as the interest is currently something like the 3rd or 4th largest expenditure the government has.

                                  I am sorry to think it...but I think the future of the U.S will not be as bright as its past.

                                    Comment

                                    • theking
                                      Nice Kitty
                                      • Sep 2002
                                      • 21053
                                      #10
                                      Originally posted by budsbabes
                                      every other country is printing money at the same rate.
                                      If that were to be true...how does that put the U.S. in a better position as regards the future of the country?
                                      When you're running down my country hoss...you're walking on the fighting side of me!

                                      FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

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                                        • CYF
                                          Coupon Guru
                                          • Mar 2009
                                          • 10973
                                          #11
                                          They need to change the budget rules, I've heard about some gov places wasting needless money so that their budget won't go down the next year.
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                                            • theking
                                              Nice Kitty
                                              • Sep 2002
                                              • 21053
                                              #12
                                              Originally posted by CYF
                                              They need to change the budget rules, I've heard about some gov places wasting needless money so that their budget won't go down the next year.
                                              Well...I know that in the case of the military that is the case...use it or lose it...and I suspect this to be applicable in many departments of government.
                                              When you're running down my country hoss...you're walking on the fighting side of me!

                                              FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

                                                Comment

                                                • theking
                                                  Nice Kitty
                                                  • Sep 2002
                                                  • 21053
                                                  #13
                                                  Anymore input?
                                                  When you're running down my country hoss...you're walking on the fighting side of me!

                                                  FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

                                                    Comment

                                                    • PornoStar69
                                                      Confirmed User
                                                      • Oct 2008
                                                      • 2069
                                                      #14
                                                      lol its not a mistake, the US Gov is, on purpose, bringing down the economy - total fucking collaspe.

                                                      believe in those conspiracy theories before its too late.
                                                      GFY King?

                                                        Comment

                                                        • theking
                                                          Nice Kitty
                                                          • Sep 2002
                                                          • 21053
                                                          #15
                                                          Originally posted by PornoStar69
                                                          lol its not a mistake, the US Gov is, on purpose, bringing down the economy - total fucking collaspe.

                                                          believe in those conspiracy theories before its too late.
                                                          Anymore reasonable input?
                                                          When you're running down my country hoss...you're walking on the fighting side of me!

                                                          FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

                                                            Comment

                                                            • The Duck
                                                              Adult Content Provider
                                                              • May 2005
                                                              • 18243
                                                              #16
                                                              Originally posted by CYF
                                                              Dec 12, 2012?
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                                                                • seeandsee
                                                                  Check SIG!
                                                                  • Mar 2006
                                                                  • 50945
                                                                  #17
                                                                  Originally posted by theking
                                                                  ...cause a total breakdown of our financial system? I personally do not see at any point in the future that the national debt does not continue to grow as I do not see at any point when there will not be a federal deficit. In my opinion to continue to grow the federal debt...simply cannot be sustained...indefinitely. So what is the breaking point?
                                                                  singularity of debth over all money in system will make all go crash !
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                                                                    Comment

                                                                    • DaddyHalbucks
                                                                      A freakin' legend!
                                                                      • Feb 2004
                                                                      • 18975
                                                                      #18
                                                                      Originally posted by PornoStar69
                                                                      lol its not a mistake, the US Gov is, on purpose, bringing down the economy - total fucking collaspe.

                                                                      believe in those conspiracy theories before its too late.
                                                                      It sure looks that way.
                                                                      Boner Money

                                                                        Comment

                                                                        • kane
                                                                          Too lazy to set a custom title
                                                                          • Aug 2001
                                                                          • 20684
                                                                          #19
                                                                          Originally posted by PornoStar69
                                                                          lol its not a mistake, the US Gov is, on purpose, bringing down the economy - total fucking collaspe.

                                                                          believe in those conspiracy theories before its too late.
                                                                          Why would they do this? What would they stand to gain?

                                                                            Comment

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