At what point will the growth of the federal debt - GoFuckYourself.com

theking · 08-09-2009, 09:41 PM

...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?

CYF · 08-09-2009, 09:43 PM

Dec 12, 2012?

DateDoc · 08-09-2009, 09:45 PM

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.

Agent 488 · 08-09-2009, 09:47 PM

the spending will die off one day.

theking · 08-09-2009, 09:55 PM

Quote:

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.

kane · 08-09-2009, 10:18 PM

Quote:

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.

theking · 08-09-2009, 10:28 PM

Quote:

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.

Socks · 08-09-2009, 10:30 PM

Maybe that's the trigger for the next world war.

Agent 488 · 08-09-2009, 10:32 PM

every other country is printing money at the same rate.

Quote:

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.

theking · 08-09-2009, 10:35 PM

Quote:

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?

CYF · 08-09-2009, 10:38 PM

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.

theking · 08-09-2009, 10:42 PM

Quote:

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.

theking · 08-10-2009, 05:46 AM

Anymore input?

PornoStar69 · 08-10-2009, 08:10 AM

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.

theking · 08-12-2009, 02:32 AM

Quote:

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?

The Duck · 08-12-2009, 02:34 AM

Quote:

Originally Posted by CYF

Dec 12, 2012?

seeandsee · 08-12-2009, 03:15 AM

Quote:

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 !

DaddyHalbucks · 08-12-2009, 04:10 AM

Quote:

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.

kane · 08-12-2009, 12:23 PM

Quote:

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?

08-09-2009, 09:41 PM	#1
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	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...https://gfy.com/fucking-around-and-pr...athfinder.html

08-09-2009, 09:43 PM	#2
CYF Coupon Guru Industry Role: Join Date: Mar 2009 Location: Minneapolis Posts: 10,973	Dec 12, 2012? __________________ Webmaster Coupons Coupons and discounts for hosting, domains, SSL Certs, and more! AmeriNOC Coupons \| Certified Hosting Coupons \| Hosting Coupons \| Domain Name Coupons

08-09-2009, 09:45 PM	#3
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	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. __________________

08-09-2009, 10:38 PM	#11
CYF Coupon Guru Industry Role: Join Date: Mar 2009 Location: Minneapolis Posts: 10,973	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. __________________ Webmaster Coupons Coupons and discounts for hosting, domains, SSL Certs, and more! AmeriNOC Coupons \| Certified Hosting Coupons \| Hosting Coupons \| Domain Name Coupons

08-10-2009, 05:46 AM	#13
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	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...https://gfy.com/fucking-around-and-pr...athfinder.html

08-09-2009, 09:47 PM	#4
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	the spending will die off one day.

08-09-2009, 10:30 PM	#8
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	Maybe that's the trigger for the next world war.

08-10-2009, 08:10 AM	#14
PornoStar69 Confirmed User Join Date: Oct 2008 Location: xxweekxx mothers bed. Posts: 2,030	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?