When will the USA pay their debts, if ever?

[weskerrr]

US of A will start WW3 so we can all start over again.

[1714682511]

1714682511

[1714682511]

1714682511

[LitcoinCollector]

Just print more money! 

[BitcoinFreak12]

They will never here is why:

If they keep the interest rates as it is now at 0%, then the following will happen, the inflation will rise as hell.So they have 2 options:

ᴑ Increase the interest rates, whereas i think a 4% interest rate rise will make the yearly rate more expensive than the income of the federal govt
ᴑ Keep them at 0, but then the inflation will rise inevitably, perhaps if the debt becomes larger, do some more QE to ease the debt

If they raise the interest rate, they will have to default, and their government goes bankrupt.

If they keep it at 0 and/or do more QE, then hyperinflation will come, and good luck with that, that will destroy the economy.

Also there is a 0.0000000000001% chance that the GDP could rise more than the debt/year, and the debt/gdp ratio could shrink, but that wasnt the case in the last 15 years or so, it always rose except in 2007 and 2008 when the GDP itself shrunk to ease some of he debt. But given that even with 0% cheap money they can barely make a 0.25% GDP raise, they can hardly outgrow their debt, thus, they will have to choose an outcome of the 2 above

[scarsbergholden]

I really don't think that the USA will ever completely pay their debts, unless they just continue to print enough money to do so...

It is possible, however entitlements will need to be vastly reformed in order for this to be possible.

The US last had a budget surplus in the late 1990s/2000 and it could potentially pay off the national debt in only a few decades.....assuming that is what congress decides to do with the surplus; the last time we had such a surplus congress decided to lower taxes (and stimulate the economy)

[AtheistAKASaneBrain]

http://www.usdebtclock.org/
Lol really interesting link, crazy
World debt is also interesting

These numbers mean the number of tears sheds at boat missers that didn't buy when Bitcoin was piss poor (aka now) after Bitcoin goes above ATH and beyond.

[cbeast]

Mint a few dozen of these should do the trick.

[NotLambchop]

[daddy issues with government]

[BitcoinFreak12]

I really don't think that the USA will ever completely pay their debts, unless they just continue to print enough money to do so...

It is possible, however entitlements will need to be vastly reformed in order for this to be possible.

The US last had a budget surplus in the late 1990s/2000 and it could potentially pay off the national debt in only a few decades.....assuming that is what congress decides to do with the surplus; the last time we had such a surplus congress decided to lower taxes (and stimulate the economy)

Nope its not, with the current speed its not, it has aldready reached the critical mass.

If they were to cut the pensions and government aid to 0, that might do the trick, but also they need to dismantle 99% of their armed forces aswell.

Now cutting the social stuff cant be done because that would be a political suicide and people would really get upset.

And they cant also dismantle their troops as Russia becomes now more threatening than ever as now it allies with China.
Also they got some "friends" in the middle east too, so they rely heavily on their armed forces because of their so great foreign policy.

Other than this, the only viable option is top print dollars Weimar Republic style, and you can see soon the 1 trillion dollar bill /coin as the previous poster posted

[Clegg]

I haven't read this whole thread, but isn't the point with this sort of debt that it's never paid off and the debt is perpetual? It's not even realistic to pay it off ever so the cycle just continues.

[BitcoinFreak12]

I haven't read this whole thread, but isn't the point with this sort of debt that it's never paid off and the debt is perpetual? It's not even realistic to pay it off ever so the cycle just continues.

The the debt will be eventually paid off, no question about it, but it will be at the expense of the GDP.

You see debt is like negative money, it creates a vacuum, and until its managable, it works fine, but as soon as you cant pay it back, it will negate all the collateral that it has.

Now the US collateras is the treasuries which the majority of companies hold, if they default, they go bankrupt.The rest is held by the FED, which will jsut print money, and create inflation.

So the debt will be substracted from the GDP, if the debt collapses, it will take atleast as much amound of the GDP as it was valued at, but because the debt is more than it is, it will collapse the whole world with it, especially those countries which hold a lot of USD, or have US trade relations.

[cbeast]

The question shouldn't be whether the government should pay the debt, but whether we should pay for our father's sins.

[BitcoinFreak12]

Or they can paid it with printing money

Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.

[picolo]

Or they can paid it with printing money

Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.

And the savers will lose a lot too.

[BitcoinFreak12]

Or they can paid it with printing money

Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.

And the savers will lose a lot too.

Obviously, banking accounts freezed and seized, sever capital controls, border guards will not let anyone get out from the country with more than 10$  cash or goods worth that amount , international transfers where money goes out also freezed, in some cases even the current acounts could be seized, of course with the exception of the government officials and bankers personal accounts, those will remain intact 

I`m just so glad that bitcoin exists, so if the price of bitcoin will stabilize, after that only an idiot would put money in a bank account

[cbeast]

Or they can paid it with printing money

Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.

And the savers will lose a lot too.

Not if there are price and wage freezes.

[BitcoinFreak12]

Or they can paid it with printing money

Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.

And the savers will lose a lot too.

Not if there are price and wage freezes.

What does that mean?

I mean if you freeze the price but you inflate the currency then the shopkeepers lose money and will go bankrupt or just close their business.

Same if you freeze wages but prices go up, nobody will work like a slave to earn pennies, they`d rather go out and barter, probably get into the agriculture, or worse.

[TonyOliver]

savers will loose out - but borrowers will benefit - meaning it makes more sense to borrow and make more debt.

[cbeast]

Or they can paid it with printing money

Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.

And the savers will lose a lot too.

Not if there are price and wage freezes.

What does that mean?

I mean if you freeze the price but you inflate the currency then the shopkeepers lose money and will go bankrupt or just close their business.

Same if you freeze wages but prices go up, nobody will work like a slave to earn pennies, they`d rather go out and barter, probably get into the agriculture, or worse.

That's why they do both.

[resya]

What if bitcoin is a long term secret plan from the us government to destroy the debt? bitcoin gets mass adoption first then usd goes freefall, bye bye debt

[botany]

What if bitcoin is a long term secret plan from the us government to destroy the debt? bitcoin gets mass adoption first then usd goes freefall, bye bye debt

This would be a one time gain.
The government would rather keep deflating its debt by printing more dollars perpetually.