Togerher we can pay usa debt easy

[nelson4lov]

Firstly, all countries owe debt so even if we all contribute to pay US debts, US will have to repay us for the money we used to pay their debts. Its just going to be a recurring cycle. Secondly, debts are actually a feature and not a bug. It is there because it plays a fundamental role in every economy. I once did a research on this when I saw that US debts was hitting ATH after ATH and the solution is not for them to pay off 100% of the debt because back in 1835, the US did pay off their debt and then a couple of years later, their economy tanked.

[philipma1957]

Yes its huge ammount but if we all pay it can be paid, imagine if usa friendly allies couuntries will make debt fee for taxes it could work. So some % will be used of every taxes instantly to just finance usa debt.

So if all people together will pay the debt can be paid or even tho if we tax riches of uk europe canada and this will be used to pay usa debt then its not so bad.

If usa doing fine the stock market will go up btc will go up gold will go up we all doing good so let's help usa

dude tricky dick nixon boosted the usa debt bigly and we the usa went full out debt in 1971 when the gold standard was dropped.

look at this math

1776 to 1971 400 billion debt a 2 billion a year rate of debt

1971 to 2026 40 trillion debt  about 720 billion a year rate

and the last 10 years of trump + Biden + trump

we did 20 trillion in ten years or a 2 trillion a year number.

it will not end ever.

until the USD is knocked out.

and in the next 3 years we will do 10 trillion going to 50 trillion

and the year rate will be 3.33 trillion a year.

I can pay 20$ my pocket you see how many people are in the world each can pay some money it helps

40 trillion/330mill is 121k for each usa citizen

that is big iron big cash most of us in the usa can not pay that out of pocket it is too freaking much.

and in three years it will be

50 trill/330mill = 151k

it is a mess and will go pop one day .

but maybe at my age of 69 I will escape the mess by simply dying before it pops.

[ZAINmalik75]

And why do we and their allies have to do that? Almost every country is fighting against some problems of their own, and it's the responsibility of the government of each country to solve those problems. One country can be an allie to a lot of countries, but that doesn't mean that country is going to help each one of them pay their debts if they have any, even if it's about paying only a portion of it.

And when it comes to people, do you really think that common people these days can be capable enough of doing that even if they want to? Inflation is touching the sky, there aren't enough proper employment opportunities, wages aren't enough to cover the expenses, and you want everyone to come together to pay the debts of a country.

You are either delusional or just a troll.

[Iranus]

And why would the U.S. need to pay off its debt?
They’re perfectly comfortable living with this debt,  it doesn’t cause any major problems. If necessary, they’ll print as many dollars as they need, which will quietly disappear into the global market, and "export" inflation to other economies. "U.S. national debt" is a fleeting scare tactic that each side simply exploits for its own purposes.

Unlike most other countries, the US borrow in its own currency. So, in theory, they don't face the risk of being unable to repay their debt because they can always print more dollars.

However, things aren't that simple. The more the debt keeps piling up, the greater the risk of confidence in the USD being eroded.

That is already happening. Instead of increasing their purchases of US treasuries as they did in previous decades, central banks around the world have shifted toward buying gold and other asset. De dollarization is no longer just a theory.


https://www.statista.com/chart/35763/share-of-gold-and-us-debt-holdings-in-foreign-central-banks-reserves/

[philipma1957]

And why do we and their allies have to do that? Almost every country is fighting against some problems of their own, and it's the responsibility of the government of each country to solve those problems. One country can be an allie to a lot of countries, but that doesn't mean that country is going to help each one of them pay their debts if they have any, even if it's about paying only a portion of it.

And when it comes to people, do you really think that common people these days can be capable enough of doing that even if they want to? Inflation is touching the sky, there aren't enough proper employment opportunities, wages aren't enough to cover the expenses, and you want everyone to come together to pay the debts of a country.

You are either delusional or just a troll.

he be a troll I say.

[Abiky]

And why would the U.S. need to pay off its debt?
They’re perfectly comfortable living with this debt,  it doesn’t cause any major problems. If necessary, they’ll print as many dollars as they need, which will quietly disappear into the global market, and "export" inflation to other economies. "U.S. national debt" is a fleeting scare tactic that each side simply exploits for its own purposes.

Well, they can't just print forever. Eventually, they will hit a "ceiling" as the cost of living for Americans becomes too high to bear. The world economy would be affected. That's largely because the USD is the world's reserve currency. Higher debt = higher expenses = weaker USD. Please correct me if I'm wrong.

The US should focus on paying a large portion of its debt first. If the rate at which the debt grows remains steady, there should be nothing to worry about. But ever since COVID-19 took the world by storm, growth rates have been increasing at an alarming rate. Compare the US debt in 2020 to now, and you'll notice it has increased by a huge margin. We won't see the consequences of high debt, but future generations will. Who knows? Maybe things will spiral out of control, forcing people to distrust central banks and Fiat. Nothing is set in stone, so anything's possible.

[X-ray]

I'm pretty sure that other US ally also have high debt to GDP ratio. Japan is at 200%, Italy, France, Canada are all at more than 100%.

Everybody got debt to pay you can't expect other nation to service the debt of one nation. Moreover do you notice something? almost all developed nations have high debt to GDP ratio.

You will realize that they raised the debt not because they need it but because they can. Turns out country's debt is not as simple as I owe someone something and need to pay it back.

Fed control inflation through debt and social security funds need safe investment that produce good yield, only possible through debt.

[ruykeri]

I don't think if the US economy is doing well then the world economy well be in good condition . It is true that the US is a powerful country and has some kind of relationship with many countries in the world, so it has some influence on more or less all countries. But the US position has weakened in the last few years. Maybe that is why China and Russia are moving ahead, and the acceptance of these countries by other countries in the world is increasing. Currently, the US debt has reached 40 trillion dollars and it is increasing every moment. If you look at the other powerful countries in the world, you will see that they are also in debt. So no country will want to help the US while they are in debt. And if the US takes help from others, their acceptance by the whole world will decrease further. And I think the reason for this debt is the inflation of the fiat system and the creation of an economy based on a very high interest rate.


https://debt-clock-usa.com/

[Natalim]

As if we really have a choice, assuming I'm from the US, government debt will eventually affect people through taxes, especially if the loans they take don't produce enough revenue to help pay them back.

I think what we should look at first is where the US debt is going, is it being used for projects that can increase revenue in the future, or is it mostly just expenses? Because if it's mostly expenses, then that's really a problem.

But like I said, ordinary people don't really have much choice, we'll still end up carrying part of that burden somehow.

[Grace333]

what makes you think that the united states of America needs support from any country to pay their debts or have you forgotten that this is a country that renders aid to other countries in the world that needs it and not the other way around. America isn't the center of the world's economy because we also have other powerful countries as well and i don't really think paying their debts is going to be of any help to support the crypto market. I don't know if you think that the united States government are like other countries in the world where they embezzle the taxes of citizens and use it for their own selfish purposes. Eventually those debts that they took will be cleared off without any help from other countries.

[Mayor of ogba]

The way USA allies are benefiting from USA one way or the other that's how USA is also benefiting from its allies, so if the allies of USA should implement a strategy that will help them raise money to pay off USA debt, after USA debt have been cleared, USA should also raise money to help pay off the debt of its allies but if it's not so no special treatment should be giving to USA and they should be allow to pay off their debt gradually.

[Maslate]

And why would the U.S. need to pay off its debt?
They’re perfectly comfortable living with this debt,  it doesn’t cause any major problems. If necessary, they’ll print as many dollars as they need, which will quietly disappear into the global market, and "export" inflation to other economies. "U.S. national debt" is a fleeting scare tactic that each side simply exploits for its own purposes.

Exactly. US does not need us to pay its national debt because aside that its still perfectly comfortable living with debt, they will still incur debt in the next months and years so that it will continuously help the country and the people by providing them public services, social support and stable investments. Paying its current national debt does not help in the long run.

But instead, let's use our extra funds in improving our own economy and focus more on investments than liabilities. US can manage its debt on its own as long as there are responsible leaders smart enough to make wise decisions.

[BlackHatCoiner]

Brilliant plan. I'm sure Europeans and Canadians are just dying to pay even more taxes to bail out the US government.

While we're at it, let's all chip in and pay off my mortgage too. It'll do wonders for the local economy. Send your contributions directly to my BTC address.

[Marykeller]

Yes its huge ammount but if we all pay it can be paid, imagine if usa friendly allies couuntries will make debt fee for taxes it could work. So some % will be used of every taxes instantly to just finance usa debt.

So if all people together will pay the debt can be paid or even tho if we tax riches of uk europe canada and this will be used to pay usa debt then its not so bad.

If usa doing fine the stock market will go up btc will go up gold will go up we all doing good so let's help usa

dude tricky dick nixon boosted the usa debt bigly and we the usa went full out debt in 1971 when the gold standard was dropped.

look at this math

1776 to 1971 400 billion debt a 2 billion a year rate of debt

1971 to 2026 40 trillion debt  about 720 billion a year rate

and the last 10 years of trump + Biden + trump

we did 20 trillion in ten years or a 2 trillion a year number.

it will not end ever.

until the USD is knocked out.

and in the next 3 years we will do 10 trillion going to 50 trillion

and the year rate will be 3.33 trillion a year.

I can pay 20$ my pocket you see how many people are in the world each can pay some money it helps

If you can pay $20, can other people afford it or voluntarily pay such an amount when they are not from the US? You know, when you think of an idea, you actually have to think of both sides. Those who will accept it and those who will kick against it. Countries don't tax their citizens without following due process, let alone telling citizens of other countries to pay off the debt of another country. As per what, someone will ask? Is it that the US is special compared to other countries, and they need financial support to help clear their outstanding debts?

[Oluwa-btc]

And who pays off the debt of those other countries? Is this how special the USA are more than the rest of the world.

Each country has their debt they are servicing and you will not expect that the government taxes their citizens heavily just to help pay the debt of another country.

I know of debt cancellation, relief and pardon but never heard about this type you suggesting on behalf of the USA.

It is worth asking for real. I don't know how and why these people see themselves as the centre of gravity at all times. Most of them also see themselves as superiors to other nations in the world lol.

The funny thing is that they can do it and thry maybe be doing it already using their colonial puppets and all these implanted leaders through regime change. The change in the recent Colombia election seems like one.

A good start to reduce their debts is halting and putting an end to foreign wars but most of their senators and those in Congress will do anything to please isreali regime. The funny thing is that this people are not alway bad but they have to switch up to keep their positions.

[LogitechMouse]

---
If usa doing fine the stock market will go up btc will go up gold will go up we all doing good so let's help usa

Nope that will not gonna happen. The government will instead continue to print money like BRRR!!! because... because they want to and they need to for their own sake.

Debt free? Which country is currently debt-free? Near debt-free yes like Liechtenstein, Brunei and Turkmenistan. Also, the US government don't care about how much debt it currently has. Why would you tax the rich people from other countries though? I mean does that even make sense? They're already doing the loophole that many rich people have been doing for decades just to prevent getting taxed which is to borrow money from the banks then you want to tax them? Let alone other countries?

Stop with the daydreaming OP. Not all wants to help USA especially when it comes to debt. Also, I don't want to donate 20$ to them if you know that they're increasing their debt by 2 Trillion per year. I'd rather use that 20$ to buy more important things for me than giving it.

[mirakal]

I don't think that's fair for everyone of us, even to those who are US citizens here. The country does not require us to pay their obligation, so why should we? The government will find means to pay their debt, even if it means going into another debt just to cover the first debt, the reason why most of the countries aren't debt free.

And just to make it clear, there is no country that will survive without having debt, even those small countries are still planning to take loans if they have chances. So its a useless suggestion to pay off US debt, though we are capable but rather than giving our free money to US, I think its more reasonable to focus on solving our own debts because I believe we also have our own debts that need to pay.

[Sanitough]

I think your concept here of making US debt free contradicts your expectation for bitcoin price increase. The more US national debt gets more massive, the higher probability for bitcoin price to increase for long term, though its not a guarantee but it currently works when US has announced its $40.05 trillion as their total national debt.

So why pay US debt when we are currently benefiting from it? This may not be called as luck but I think the universe this time is favoring bitcoin than fiat. US will not likely get rid of its increasing debt, with this bitcoin price might probably surge high even more.

[coin-investor]

This is a bad idea for their allies and the US as well, and I don't think the US will want to owe any country gratitude for helping pay its debt; the US has too much pride to honor its allies for paying its debt.

And their rich allies will prefer to help the poor countries with their debts than help a superpower like the US pay its debt.
The US spends too much money on waging wars, and some of these wars are oppressive; they are the one who started the war.

[STT]

I would never say easy for 40 trillion, the easy path is they do repay the debt and it will be in newly produced dollars now worth very little.   Thats the most likely outcome, the debt nominally is repaid and in true value is never returned back to those who lent it.

  The problem is alot of the debt is towards pension schemes especially government who hold this debt, they will not get the value they saved for in retirement.  Other debt is political and international like how 1 trillion is owned by Japan which is too much and incorrect when they have a failed debt and currency system themselves, their pensioners suffer.