The US Debt Situation Explained

Video quality	The size	Download

Information The US Debt Situation Explained

Title	:	The US Debt Situation Explained
Lasting	:	14.59
Date of publication	:
Views	:	682 rb

Check out today's sponsor, Morning Brew! You can use the following link to sign up for their awesome newsletter: morningbrewdailycom/theplainbagel
Comment from : @ThePlainBagel

Send another 40 trillion overseas Nobody cares about home It’s what you get with foreign actors in the GOV
Comment from : @NOMOone

Ain't no way such a figure can exist!The value on expensive cheap products is due to government wasting money not it's debtGovernment gets enough to bailout any country in the world it chooses too except the good ole USofAAnd America is a republic not a democracy
Comment from : @robertslattery9771

Is this correct? I heard the debt int payment now is much more than 9 of gdp
Comment from : @tinopharmer1

Credit is magic You can produce it instantly to exchange for real things I guess we all believe we should be magicians of money
Comment from : @coldflu

The population is declining and US life expectancy is dropping down to 70 Hospitals are closing and government will have to cut medicare and medicaid soon, whether the insurance lobbyists like it or not US spent 6 trillion last year but only brought in 45 trillion, so more borrowing and inflation as a result A little deficit is fine, but when you spend A THIRD more than you have projected, it just shows incompetence with budget
Comment from : @dothvarter

Brew with bagel is the best lol
Comment from : @WHITE-pz8sv

The question no one seems care about relates to root of of the entire debt problem brbrThe question that should be asked is "Why does the federal government, and the general public, think that the government should in the first place step in to the market whenever there's a so called CRISIS?" brbrThis country operated just fine from its inception to the mid 1900's Yes, there were bank failures, companies went bust, unemployment went up, recovered, went down But the peaks and valley's were never as extreme as when after the fed's got involved All the fed policies do is prop up an industry that was woefully mismanaged that should be allowed to go under For example, in 2007, General Motors should have been allowed to be fail Yes, it would have hurt, but their remaining assets would have been scooped up by Ford, and other fiscally sound companies Unemployment would have gone up for a while, but history shows that the economy would rebound on its own it a relatively short time The other automotive companies would eventually made the cars that General Motors wasn't They would eventually hire back the workers to build the additional cars This is the medicine the economy MUST take to correct for poor management decisions If you look at the boom and bust cycles pre Federal Reserve, versus after, the peaks and valleys are far worse now, that the government, and people, decided the government should try to manipulate the market I guarantee that this idea that the Fed should jump in, borrow trillions, every time there's a perceived "Crisis", will be the downfall of this country Instead of letting the economy taking the "medicine" in small doses on a somewhat more frequent basis, there will come a crash the likes that no one has ever seen, since ALL governments world wide are on the same borrowing binge and are incestuously intertwined It's really no different than forest fires Do you let small forest fires happen a bit more often so the accumulated fuel on the ground burns out? Or do you rush in and put out a small fire every time, and the fuel accumulates such that sooner or later the fire is so massive it causes severe destruction? brPeople, we need to understand that the government never really fixes anything All they do is screw it up more We really need to take our medicine now, get the government manipulators out of the market with our votes Will it hurt? Absolutely Would the economy rebound on it's own? Also absolutely But the debt problem would gone brbrMy thoughts on if the general public has the balls to vote out the officials that keep promising more benefits "at no cost", ie student loan forgiveness I don't think it will happen We'll just run along with the adage of "Well the government will take care of it, well the government just sent me a relief check" And down the abyss we'll go It will hurt immeasurably, and last for one hell of a long timebrbrI'm 70 years old and fortunately won't be around this crash But I'm so sad for my children and grand kids They're the ones that will suffer when the shit hits the fan It literally brings tears to my eyes that they'll have to suffer through it And to those out there reading this that don't believe this is the path we're on, PLEASE do some homework on the subject
Comment from : @larryflor1696

pi * 10^13 dollars
Comment from : @90_98

STOP GIVING MONEY TO ISRAEL STOP SPENDING MONEY ON WARS SIMPLE Keep the money at home
Comment from : @thisispeace101

Why is reduced govt spending called "austerity" It assumes spending is beneficent when done by the govt (even on war or lockdowns) but "austere" when done by you or me or productive private companies You must explain this wording or stop using it
Comment from : @TreeLuvBurdpu

How do you turn credit into gold ???? Reparations ,?????More customers /product equal more Gold (Moor currency)islamic gold (no inflation)
Comment from : @user-cv2of4ve4u

Your reasons why we are better off than Greece and Sri Lanka aren't very compelling either Industry diversification We are net importers Access to capital that sounds like more debt Lower reliance on crucial imports again we are net importers, we import more of the type of oil we need for gasoline and export other petroleum products along with natural gas, etc The fact that we have control over our currency is our only real difference
Comment from : @HenryAllen04

The single most important factor among all the factors mentioned as contributing to the stability of the US economy inspite of the ever ballooning national debt is the dominance of the currency as a global reserve currency which in itself has a pretty interesting history
Comment from : @vincentb5119

In the year 2027 we will being paying $3 trillion of interest on our national debt while we only bring in $5 trillion of federal tax revenue This is very scary Our country is in very deep trouble
Comment from : @swjackson917

The US has ben teaching other countries how to live off of credit cards The US is like a homeless person who inherited a house worth 33 million dollars and a bank balance of $12 Sri Lanka is like a person who loves food banks and food stamps despite having a positive bank balance Now the homeless person cannot pay taxes or other utilities on the house The bank balance of the US is negative 33 trillion dollars The US owes 33 trillion dollars The lawmakers must have done something unethical for the US to have such a colossal debt Sri Lanka got free grains and free wheat from Russian Federation Last year, Sri Lanka told Vlad their bank cash is low The bank balance of Sri Lanka, an Island nation, is positive 644 million dollars Sri Lanka is like someone who asks for food stamps Despite having a positive bank balance The average president of the US before the current sitting President likely used to love to flash out credit cards to spend credit card money on behalf of Uncle Sam to the tune of 33 trillion dollars debt Lawmakers should cancel all credit cards of the US government So the US government should spend only tax money from taxes collected
Comment from : @johnsnowkumar359

Where are the profits from weapons sales? It’s our biggest governmental product, right?
Comment from : @phillipbrasseur4360

0:06: 📉 The US government is at its debt ceiling and may default on its debt, causing severe consequences for the economy br3:43: 📊 The US government has been accumulating federal debt since 2001, with an average annual inflation-adjusted pace of 57 percent, leading to the need for frequent debt ceiling hikes br6:41: 💰 The United States has a larger economy and more industry diversification, giving it more access to capital and lower reliance on crucial imports compared to other countries br9:31: 📈 Despite a massive debt load, the US government has been able to borrow at low rates, suggesting market confidence in America's solvency br12:34: 💰 The government should prioritize managing the debt balance before interest payments to avoid a debt crisis, as seen in Greece and Sri Lanka brRecap by Tammy AI
Comment from : @lilytea3

Corporations have made record profits, and income inequality is causing societal collapse, and has hollowed out the middle class
Comment from : @robertasirgutz8800

Liar! You know tax revenue isn't used for ANYTHING Dollar, being the reserve currency, MMT used, A few clicks and the money is there Budgets are calculated to support banks and the stock market
Comment from : @robertasirgutz8800

That was awesome…thank you
Comment from : @AnonymousAccount514

I bought a 3 month treasury and got paid back after 3 months How is there any debt?
Comment from : @rl9808

The US doesn't seem to worry because the trade is between technologies! This is still not solving unemployment for people!
Comment from : @geeseylynn

WHY IS THE US IMPORTING GOODS THAT WE COULD MAKE HERE! THERE ARE SO MANY WAREHOUSES CLOSED AND VACANT HERE IN PHILADELPHIA! THE MEDIA EVEN PLACED A TARGET TRUCK IN FRONT OF ONE AS A SIGNAL TO OPEN BUSINESSES! WHY ARE THESEVGOV OFFICIALS IGNORING THE WORK AND UNEMPLOYMENT PROBLEM!
Comment from : @geeseylynn

How can the country afford these infrastructure projects when the people are not working Businesses are being closed Everywhere People are losing their homes - so that the cities can tear down the old buildings I am tired of this government NOT TAKING CATE OF THE PEOPLE TO LIVE A GOOD LIFE! THIS IS IRRISPONSIBLE! PEOPLE ARE LOSING THEIR HOMES!
Comment from : @geeseylynn

The govt is too damn big and bloated
Comment from : @richardconforti6271

Department of the Treasury looking like: "Department of the IOU Treasury"
Comment from : @thedrinkinggamemaker9749

Imagine being so bad with money that you can steal 40 of peoples income and still end up in 33 trillion dollars of debt
Comment from : @furanduron4926

Easy to explain Liberal democrat mentalities have infested the globe so pooooof irresponsible decisions reign supreme
Comment from : @theyinkler1866

The trouble is the age of our politicians and term limits We need fresh new young bloods in there unrelated to the current families in there We need a complete overhaul of our system The other growing problem is the public is getting less and less educated which leads to poor life decisions which eventually works its way into the economy Everything in America is falling apart like we stopped to take in the view along the way, but forgot to start the trip again because we got to distracted
Comment from : @xxmadmanxx9882

'COVID pandemic' ?? come on! it was hysteria not a 'pandemic' (and it's 'increase' not 'hike', there's no such word as hike)
Comment from : @marcokite

Wrong! The "market" DOES in fact believe a collapse is imminent and coming fast That is why we are having lockdown drills Did you actually believe the government was concerned about your health, or weather patterns?
Comment from : @Lonnie32120031

The US run 23 consecutive years of budget deficits Nobody is debating fiscal responsibility or can a plan of debt reduction found anywhere 2023 single year debt service is over 12T$ more than military expenses if you like, or 25 times the dollar value of it gold reserve Persistant deficits does not empire make Note that trade and current accounts were also in deficit for the same 23 years Nobody (important) seems to worry about it
Comment from : @joem0088

The problem with US debt is all about its addiction to lose wars They can't see a third world country and think "Man, I would love to spend the next 15 years getting beat by those guys and accomplish nothing while spending hundreds of billions of dollars"brNot to mention Ukraine They spent more money on Ukraine than the whole marshal plan to rebuild europe after WWII And there is no end in sight for this war either, even though the US has nothing to do with it
Comment from : @Alkis05

If you don’t think bout it, that’s really not that much money
Comment from : @Robisquick

3:16 so practically around 70 of US dept is actually to its self?
Comment from : @BlackFire_Sword

The democrats are doing all they can to destroy the US dollar They want the US a compliant puppet of a world government brbrThe US should be the richest nation in the world If we had invested like Norway or Switzerland for the last 50 years, we would have $35-$45 trillion in savings!!!!!!!
Comment from : @bret9741

You are lying The true total U S A debt is about 1582 trillion dollars
Comment from : @Pterelaos1

There is only one way, to cut unnecessary spending to balance the primary result, which is to cover all government costs minus the interest payment and let economic growth help Debt has gone too high
Comment from : @diegoyanesholtz212

How much is mine
Comment from : @vicflores204

The states are suppose to not borrow , but the federal government does for them, with "extra money hanging around" called block grants You can try to convince me otherwise, but money is fungible and since national debt has exploded, i can't see it any other way
Comment from : @richardangers2566

glu glugluglu
Comment from : @nunoalexandre6408

The dollar is falling So are other currencies That’s why we’re not seeing that big an impact on our inflation rates
Comment from : @AnthonyBolognese710

This guy is a book nerd, clueless and naive
Comment from : @Edithhandle

Great video dude!
Comment from : @birgerfurugard7259

Take America , how can they ever pay back what doesn't existbrAmerican debt about 32 Trillion+++ brPhysical money in the whole world 82 Trillion brAnd 122 Trillion in gold
Comment from : @nzbrotrev9028

Double it and give it to the next person
Comment from : @Sully_bc_yes

F our government!!!
Comment from : @JonathanMoreno-nk4os

Bush Jr, hank Paulson, rumsfeld walked out with 11 trillion $ in 08in 2001 our national debt was 1 trillion$ now uts almost 40 trillion$
Comment from : @JonathanMoreno-nk4os

And the award for the funniest thumbnail goes to
Comment from : @alejandrogiha7583

You didn’t even make it to the 1 minute mark without a foolish blunder Failure to raise the debt ceiling CANNOT lead to a default on the debt By law interest on the debt must be paid first, and current revenue more than covers it The consequence of failing to raise the debt ceiling is a BALANCED BUDGET like California has had for decades, and they’re still doing fine brbrIf you’re going to make a video, maybe get your facts straight
Comment from : @coryhoggatt7691

It's wild to me that it is 100 completely normal to go into more debt to pay the interest on current debts Unsustainably mad
Comment from : @AbdullahAlmosalami-rg8dt

Despite the debt ceiling being hit, the demand for US treasury bonds remains strong Don't blame US, blame the lender around the world
Comment from : @khuzaitkhan9504

yea but reason the 10 Yr is so low is because the Fed has been monetizing the US debt by purchasing the bonds QE
Comment from : @FlyfreeProductions365

charge Ukraine and Irak and stop the bullshit… We have Venezuela, Irak, Ukraine just to name a few oil production… Time to pay up But we need a real president not a puppet
Comment from : @arturoramirez265

Vemry informative, if you can slow down 1 to 3 seconds I might absorb more, no kidding Thanks
Comment from : @mikemarlow1208

You gave my noney pay end fixe
Comment from : @omarluna2599

When the Pentagon says it doesn't know where trillions of dollars went every decadebrbrIt would seem that they are responsible for the budget not being balancedbrbrAlso responsible for all of the national debt
Comment from : @stever197037

How do you feel about analyses done by Strong Towns and Urban3 regarding the cash flow issues presented by US suburban development? I see that being a major drag on net income, which might explain in part the repeated budget deficits
Comment from : @alfred7252

1 Trillion Pounds Of Home Grown, Legal Weed Sold In America At $2,000 A Pound Equals How Much?😌brbrExactly🤗brbrProblem Solved😎👌
Comment from : @ai1970

The debt belongs to the US Citizens, not the Americans! brUS Citizens are not and can not be Americans brAmericans are not and can not be US Citizens brAmericans are on their Motherland and US Citizens are immigrants! brThey gave up their Motherland in 1776 with the Declaration of Independence brbrNow US Citizens are squatters on the Moroccan Empire
Comment from : @elyon9329

just Christ empire can lead republic
Comment from : @jamesruscheinski8602

Make a video about Chinese Debt vs US Debt difference
Comment from : @kenson-real6280

Corporate welfare is 19 trillion of that
Comment from : @thomasucc

Thank you
Comment from : @jwiderstra

u'll change ur mind in 6 months, China will rule the whorls economy
Comment from : @KurdooUK

So if we go to war with China and win, could we opt out of paying our debts to them?
Comment from : @kcdiazWTV

We have people who are uneducated running countries to a deeper recession, Americans own$ 24700000 per personsales kids bond so that they are going to be paid for levishes person who doesn't care how functionality works in a real world
Comment from : @nenaddamjanovic8981

Did I miss any discussion of foreign assets?
Comment from : @PatrickStahlitrm

You're insolvent
Comment from : @pippaknuckle

The government better not raise taxes, because we will not pay more just because the government messed up while we had zero saying In it
Comment from : @just_levlup

The US (politicians) have no intentions on paying any of it back They will hide behind the military and let others die for them while continuing to drive the US debt higher while taking handouts from special intrest groups for themselves like the POS vile scum they are
Comment from : @poopsock7493

The debt isn't the problem It's a symptom of the actual problem which is government spending
Comment from : @dragon__soup

Man and I thought I was bad with money
Comment from : @adong1

What happens when your billionaires don't pay taxes and your workers barely makes a living wage?
Comment from : @Masterfinli

The reality is that the Congress could vote to remove the debt ceiling completely like many other counties have done In doing that, they would also have to agree to let go of that as a bargaining chip If it’s gone, no one can use it as ammunition or hostage taking brThat is more the issue Getting them to agree to loss of control they feel from having a debt ceiling
Comment from : @leads823

20 tariff (also grow economy) and spending cuts to balance budget and reduce debt
Comment from : @jamesruscheinski8602

Gold and silver
Comment from : @gregspeth7910

HOWS SOON THIS REPPARTIES SENATORS FORGOT THAT BILLIONS OF DOLLARS 💵 WENT TO RED STATES BOTHS LAST YEAR FLORIDA HIT BY HURRICANE 🌀 AND KY STATE AND OTHER STATES GOT HIT BY FLOODING BY HEAVY RAINS FREE SHOTS FREE TEST KITS, $1400×3 THAT WERE NOT WORKING, HELPS 4 SMALL BUSINESSES , VOTERS FOR NOT GETTING KICKS OUT BY HOUSE OWNERS, ETCETCETC
Comment from : @ramirrobenavidez1454

All Stores Please Lower the cost of all Military and Local for all Brands of the US Debt Products and Accessories and Production Cost Now That's too much $$ The Whole World Now 🙏🙏🙏
Comment from : @deannaspencer8988

bruhyou got littleright therenevermind
Comment from : @burlyNatetastic

Denial is always the first stage
Comment from : @camargorafael420

High debt is never a good ingredient in a country's economy
Comment from : @GK1ist

But PUTs on SPY, make 10,000
Comment from : @amwf_king

America can never pay off the debt Just like yourself, if you spent more money than you make you go in debt And what I am not hearing from all the money geniuses is the real reason we are in debt and why we will finally default on the national debt America doesn't make anything any more Our manufacturing economy has been replaced with big box stores selling goods made everywhere but America And franchises that only provide low paying jobs that will never produce a tax base to pay off our national debt As America keeps buying imports our international debt keeps getting higher As more people cannot eat or a house to live in entitlements increase along with the national debt When America defaults on it's debt that will mean imports will stop That means no Dollar Stores Super Markets will close since many of the food items had been imported Those debts held by foriegn countries will be paid back with foreclosures and repo of American companies and banks operating in foriegn countries, much like what the US is doing to Russia today
Comment from : @kennetharntson5912

The politicians are holding out for payoffs by special interest groups for favors
Comment from : @barryshaw5660

KEEP STARVING THE POOR TO FEED THE PENTAGON BUDGET LAST CENTURY
Comment from : @reversingglobalwarming9431

Nice work! Thank you
Comment from : @jkilleen1327

From where they borrow?
Comment from : @rinordardani5603

PRINT MORE MORE DOLLARS PROBLEMS SOLVED😝🤪🤪🤪😛
Comment from : @felipelim4750

Don't worry,the government overlords are not ready to let their scam go yet
Comment from : @joyn6654

Alarming enough to see here is: comparing USA to Greece and Siri Lanka!
Comment from : @saeeduchiha5537

trinken kien Bier 🍺 diese Party
Comment from : @Albert-xd2zd

The Republican party has a negative stance on how to not spend They spend in great gobs as well just in different areas and let people become homeless to give tax breaks to the wealthy This is a simply analogy I know but there is fault in both parties and government with great generalization and not enough oversight
Comment from : @TheSafetySmith