Why The U.S. Won’t Pay Down Its Debt

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Information Why The U.S. Won’t Pay Down Its Debt

Title	:	Why The U.S. Won’t Pay Down Its Debt
Lasting	:	11.28
Date of publication	:
Views	:	498 rb

When you invest billions into war and social programs while destroying your middle class what can you expect?
Comment from : LifeRx

Never take financial advice from a blond, journo ,goverment official, financial analyst, or your broke friend
Comment from : Omicron

CNBC, really? compare Japan debt issues with US debt? keep lying doesn't make its true about the potential US debt cline potential real disaster issue
Comment from : David W

how you can treat modern monetary theorist equal to other experts? It is like inviting someone who claims the earth is flat into space programme
Comment from : Mateusz

China and russian been selling usa treasury binds
Comment from : Julian Kazmier

Ignores japan hikkimori and decliningg birth rate
Comment from : Julian Kazmier

Forgets to mention majority of Japan's debt is usa treasury bonds 😂😂😂😂
Comment from : Julian Kazmier

Hahah millenials and gen z will never own houses and cars or go to college becuase of our debt
Comment from : Julian Kazmier

2 to 5 percent is not huge windfalls on debt lmfao im making like only 120$ a month on 20k in government bonds bro
Comment from : Julian Kazmier

It's idiots like that telling us that having debt is good that is reason most people are living paycheck to paycheck Everyone should read Baby Steps Millionaires by Dave Ramsey and learn his principles Live on less than you make, pay off your debt, invest, and you'll retire a millionaire People who are actually rich and not broke don't have debt and most of them don't have inheritance either so think of that We need to cut spending and pay whatever extra money we have at that debt even if it takes us generations to pay off but we may even pay it off faster if we get more people on board and it keeps getting bigger You know what you have when you don't have debt and payments? Money that you get to keep Rich people did work very hard for their money but if they used some of their assets we could pay that off relatively quickly People need to stop being stupid with money
Comment from : Garvin Crosby

governing like a fu(ken tv drama show Money maker should down grade their credit rating to B+ Debt that will never be paid back FN thieves!
Comment from : V A

The US could handle all that debt as long as it is able to print money without major consequences Well, we lost the petrodollar and the world is dedollarizing so there is no "magic economy" that allows the US to print at will so the US will join Weimar Germany, Hungary, Yugoslavia, Zimbabwe, etc
Comment from : Annabelle Lee

No There is no need for debtbrbrNobody wants it Only fat and lazy people you have madebrbrYou have no idea the problems not employing people has caused It will get worse and worsebrbrbrGet off your ass And work
Comment from : ozicrypto

Invaders, overspending in Ukraine
Comment from : Holistic Empress🤎

Debt gives the US flexibility to react We are losing that flexibility and it’s not a little thing It can be catastrophic CNBC seems to be smoothing that over
Comment from : Head Space and Timing

I'm going to start telling the bank that my debt isn't real it's just an accounting record 🤣
Comment from : John T Hicks

Why cant we get more stimulus checks like during pandemiclets say $50K each Come on Biden make it happen
Comment from : Rominecko K

Kelton should never be aired on national TV
Comment from : Damian Badalamenti

If I can't be in Dept the country can't be in Dept dept is failure
Comment from : S Anthony

It's BS
Comment from : AJ UBER

Like a bankrupted beggar trying to explain its way out
Comment from : Alan Wee

Same old feminist bs from the 1920s because they want to marry the government instead of a man Useful idiots scums who do nothing to continuously push us into tyranny
Comment from : SnowHeader

Japan doesn't have hundreds of Army's bases all over the world
Comment from : Douglas W

These economists are so out of touch with reality
Comment from : Frank Donovan

They can never pay that back as they've kick-the-can-down-the-road too far😅 We can not even pay the interest on the debt😮
Comment from : T R

Congress takes its job of spending money very, very, very seriously! Slava Ukraine! UA!
Comment from : Richard Houser

Congress can afford to take it easy on nation's fiscal matters US has only borrowed $33T to pay its bills, and interest payments on it only cost us $2 million a minute Thank God countries like Japan and China are lending us boat loads of money
Comment from : Jay M

Seriously!
Comment from : John Young

News of the day👏👍
Comment from : Nha Lada Cake

What a load of rubbish
Comment from : Mike Mike

United State of Debt
Comment from : Mexica Milenial

This is why there needs to be an age limit within congress/presidencies
Comment from : Andrew Oneil

Because trump spent all American money for doing nothing!
Comment from : Casey Lee

Why is because they can't brI get the feeling their debt will end in tears, probably for some other country or countries
Comment from : Root Potato

You can tell whatever story, but the reason is because it is bustas Bloomberg saidor do we quote Bloomberg according to need?
Comment from : nutty walls

The problem is 20 people in government borrow billions dont miss the corrupted embezzlement
Comment from : darren cragle

This is complete garbage
Comment from : watersport86

CNBC donors are going to fly out on their private jets when our country fails Don’t listen to their propaganda
Comment from : will new

In other words, $475 billions in interest payments divided by number of US households, will be $3800 per each household every single yearThat's more than my car loan as an example
Comment from : David Kazakov

Debt can be said that's how the US maintains its status as the #1 country in the world by keeping money (global economy) moving When the US defaults, the whole world is screwed Debt requires accountability and credibility; otherwise, where is the spending power?
Comment from : Kevin Nguyen

Man, this video was so arrogant that "it's better to burden the future generation with debt than to burden the current generations with taxes" by CNBC and their economists
Comment from : Pedro Guedes

if the us pay off debt there wont be any money left told ya!
Comment from : tEch-49

WHAT? DEBT IS NOW GOOD? 😮😮😮 So this video is trying to justify US National debt is good BUT I WANNA SAY is BAD! GLOBALLY! The problem is not USA borrowing, it's the USA print money like no tomorrow + borrowing! And exchange for international goods, And when everytime when USA fu kup financially everytime the world pay the price! Like pendamic the US printed so much free money, goes into the global market with 0 interest!!! And when inflation hits USA it raise the interest, and the whole world economy suffer!!!!
Comment from : 心灵深处 Innerspirit

32 trillion debt and this peoples has no idea how to deal with economy still they called themselves economists Wake up America 🇺🇸
Comment from : Vpin_ gaming

Our government has made things significantly more difficult for it's citizens, and we cannot simply accept the consequences of their poor governance It is evident that we are heading towards hyperinflation, and as always, it is the poor who suffer the most
Comment from : Philip Scott

O mundo sofre Não adianta ter uma grande economia, enquanto a Terra queima, é hora de parar de ser egoísta e só acusar brThe world is suffering There's no point in having a big economy while the Earth burns It's time to stop being selfish and just accuse br brcomente isto em todo vídeo que você verbrcomment on every video you watch
Comment from : Elionai Víctor

😂
Comment from : Chad Bird

Japan runs on account surplus btw The government/private has more net assets US does not Japan's a bad example to follow
Comment from : masa26762

Meanwhile Ukraine gets over $100 BILLION dollars while Maui gets virtually nothingbrbrWe have tons of money for wars, foreign countries, weapons manufactures but apparently no money for our own people
Comment from : Recovering_Californian

This administration has putting so many families into difficult situations, I pray for our country, we need compassion for the American people, 💖❤💕✌💖 GOD Bless Everyone
Comment from : Lizbeth Kipp

Probably because Japan don't send money to other countries
Comment from : 5limeSity

But we send money to other people must be a reason
Comment from : 5limeSity

1 Japan owes to itself; most of its debt is owned locally! This is not mentioned in this video; unlike to the US, its different to owe to urself & family, & much different to mostly owe to foreign parties/investors…2 Debt seems to be good for politicians, not to their constituents/voters3 A US recession is usually a world recession & that ideally shouldn’t be related; now it seems, one can almost add China to this equation too…😮
Comment from : Philippos E

The lies here are staggeringbrbr"All wars are banker wars" should be mandatory viewing and knowledge
Comment from : 🇷🇺Jesus Christ is Lord

(Referencing at 6:00 and Stephanie Kelton) "The government's budget doesn't work anything like a household budget" CORRECT! Nor like a business' budget; not like how inviduals and businesses have to operate responsibly It's completely dishonest to say that current debt isn't somehow a burden on future generations If debt was maintained at a steady-state in relation to GDP, that would be true, but it's trended up over the decades and especially since COVID Honestly, we shouldn't just trust someone's word that it should and will get corrected -- it needs to be codified into law Some $450B in interest payments in 2022 is $450B of taxpayer wealth destroyed (ignoring its benefits, ie the net effective loss amount is lower but still has some large level of deadweight loss)brbrHonestly, tax the economy if you want to slow it down, since the government needs funding and wants to spend as it does Raising interest rates so fast, so far, in so little time is breaking the housing market and causing other problemsbrbrIf government income is less than government expense year over year and decade after decade, explain to me how this is sustainable? Are we just supposed to throw out basic math now?brbrBTW, I hate taxes, so no, I'd rather see less government spending, lol! Just talking out of principal as again, the government has it's own special set of rules and exceptions Some are warranted but many are not
Comment from : Delta Sierra 426

"held by the public" lmao
Comment from : John Doee

Do we have a single politician that cares about our debt
Comment from : Ted Striker

So basically it boils down to the powers that be saying “I don’t need to pay off my debts” But it’s the everyday citizen that gets the shaft
Comment from : Meep Meep

But the world 🌎 doesn't need deptStay away from America brOr you will go down with thembrAmerica is like a sinking shipbrOnly one way America can gobrIs down
Comment from : Amien Siddique

They won't pay it down, because they can't
Comment from : Team Recon

"It is a government inspired crisis this time The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless The next milestone is the 15th when the government issue a new batch of Bonds I have approximately 350k stagnant in my portfolio that needs growth What is the best way to take advantage of this downturn?brRead more" The energy in this video is contagious I'm hyped!
Comment from : FXQIntellect PT C4

Our Legislators are useless as Fawk We need a President like Calvin Coolidge
Comment from : The Art

Our government is so broken the only people they serve now is the billionaire class The corruption is astounding
Comment from : Kml Art

Yes no need to pay but most US citizens will be thrown out of their homes and land, you know by who
Comment from : kosa kata

The whole FEAR of government debt is essentially a fear of flesh and blood CAPITALIST creditors Ordinary peasants like me cannot loan the majestic government of the United States a nickel Or not any significant amount for its mounting bills But an American Lenin -in the White House - would simple decree that We the SOCIALIST PEOPLE of the United States are now the owners of all that is measurable in money, called WEALTH , and all human and natural resources br In other words the now so intimidating LORDS of the Economy will be STIFFED !br Not being a millionaire or billionaire anymore is only the mildest form of SOCIALIST " oppression "br But the government owes us TRILLIONS ? No, no , now the government owes you NOTHING ! The debt crisis is solved ! But WE all are richer !
Comment from : Ron Ruggieri

Because joe biden and pelosi pocket the cash
Comment from : Kazi the Cane Corso

😢 inflation????? She's Gaslighting us all look at every Communist, Fascist, or Socialist Country, the people are poor
Comment from : Shop Outfitters

Stephanie Kelton subscribes to magic monetary theory (woops - "Modern Monetary Theory") and is the last person anyone should listen to
Comment from : Wilson

Delusional economist
Comment from : Yh Yau

It's simply idiotic to say that America needs to be in debt Morons Why not just say lollipops are there new gold, dogshit is the new diamonds We should never have gotten off the gold standard
Comment from : Scott Patrick

Debt increased 90 since 2020 ? So you are telling me that under Biden’s administration, our kids’ generation have to pay for his socialistic ideology? brLet go Brandon!
Comment from : Tk Pham

The 33 Trillion worth of debt is bad enough But it's the justification that has me shocked You people will justify anything Just no accountability Smh
Comment from : Charla Jefferson

How can ANYBODY think that the US national debt is sustainable How many ways could could life in the US be improved if that huge sum was either not paid by citizens in taxes and used to directly improve our lives The debt currently (9252023) stands at $33 TRILLION ($33,100,408,357,471) That's up from $27T in 2020 and triple 2009's $11T It wasn't long ago (2020-21), when US interest rates were so incredibly low, and for such an extended period, that some well regarded and incredibly stupid people were espousing that the government just operate with an ever increasing debt level and everybody would get all they needed-no worries Currently, servicing US government debt cost 15 of the government's annual budget-or 808 BILLION annually -roughly equal to the entire annual MILITARY When interest rates rise, as they recently have been, those payments will increase in size and as a proportion of the US budget
Comment from : Will

"I think it's safe to say there are many reasons an economy could come crashing down and while debt may not be the biggest concern for the US economy, there are plenty of other bigger concerns (some we aren't even aware of like the 2008 mortgage-backed securities fiasco)" I couldn't agree more! What a game
Comment from : YXDJump Sport Pte I10

Time to learn about btc
Comment from : happios

Starting early is the best way of getting ahead to build wealth, investing remains a priority The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
Comment from : Mason Harris

False info from that blonde airhead This report is a liberal smoke and mirrors grift saying high debt to gdp is no problem so keep overspending on dnc woke moronic programs Look at history with your eyes openthis report is more Noise before the fall if over spending followed by dollar devaluation and inflation is allowed to continue
Comment from : strategy consultant

We are about to hit a trillion dollars a year in interest payments And that to g d p's a dumb ratio since a quarter of our g d p is government spending
Comment from : Joshua Garner

Ever heard about ponzi scheme?
Comment from : Leonard Kencana

All empires come and go, its a matter of when, USA is a making a last move or kick of a dying horse
Comment from : Mr Fix

The United States as we know it is no more All signs point to 2023 being a year of significant economic hardship for the entire nation Put your cash to use straight away to increase its value I was aware that I needed to invest I had no idea how quickly a few thousand dollars a month would go up Though it is Since 2020, I've made about $600,000
Comment from : nicolas benson

They do pay Interest alone €1 trillion per year lol
Comment from : Cezary Adamski

No one is above the law, but out law, debt, unaccountable, corruption, bail out, printing money, crime are few example of above the law
Comment from : Timothy Shiu

Bond holders are getting paid but this huge windfall is only Pennie’s on the dollar! The bonds are not like stocks!
Comment from : f1s2hg3

Debts are Sin! Sin is crime! Crime is illegal! But the government manipulated the laws and now criminals that get rich in crime are elected president and fool the people with lies but remember Trump it’s not what you know that’s why your in trouble! It’s what you know that just ain’t so! Because it’s the Big Lie! Donald J Trump!
Comment from : f1s2hg3

Because they want to keep the people in economic slavery!
Comment from : f1s2hg3

Adding again @9:38 that Biden refused to negotiate at all Nice alternate history
Comment from : I3iGZ3U5

CNBC has Bernie's old advisor and leading proponent of the now debunked Modern Monetary Theory on to say "well the debt is just some accounting" Seems like you have been taking queues from your brothers over at MSNBC
Comment from : I3iGZ3U5

STUDY BITCOIN
Comment from : Joseph Allan

Is there anyone who actually believes what they say?
Comment from : Terry Meyers

Te lollid ajate virtsa ah minge sügage vittu
Comment from : Aar Exchange

This video is discussingbrTo suggest that the national debt is ok, and default is all but impossible is crazybrThis is of course one reason the politicians are spending without regard to the growing deficit's coming effectsbrSaying that his video is propaganda, it kind
Comment from : George Weiss