Government Debt Isn't the Problem—Private Debt Is

[Dovahkiin]

Once you stop and look at history, it becomes clear.
Government Debt Isn't the Problem—Private Debt Is

What’s astonishing is how little attention the global debt problem—the extremely high ratio of private debt to GDP—has gotten. Not only does it leave the U.S. and other countries vulnerable to crisis should brisk growth in that ratio resume, but, quite apart from any crisis, the accumulation of higher levels of private debt over decades impedes economic growth. Money that would otherwise be spent on things such as business investment, cars, homes, and vacations is increasingly diverted to making payments on the growing debt— especially among middle- and lower-income groups that compose most of our population and whose spending is necessary to drive economic growth. Debt, once accumulated, constrains demand.

 

[waltky]

Yea...

... `cause the gov't. can always print more money to get itself outta debt...

... try dat on yer personal debt an' dey put ya in jail fer counterfeitin'.

 

[Remodeling Maidiac]

Once you stop and look at history, it becomes clear.
Government Debt Isn't the Problem—Private Debt Is

What’s astonishing is how little attention the global debt problem—the extremely high ratio of private debt to GDP—has gotten. Not only does it leave the U.S. and other countries vulnerable to crisis should brisk growth in that ratio resume, but, quite apart from any crisis, the accumulation of higher levels of private debt over decades impedes economic growth. Money that would otherwise be spent on things such as business investment, cars, homes, and vacations is increasingly diverted to making payments on the growing debt— especially among middle- and lower-income groups that compose most of our population and whose spending is necessary to drive economic growth. Debt, once accumulated, constrains demand.

Hittin the pipe tonight I see

 

[Dovahkiin]

Once you stop and look at history, it becomes clear.
Government Debt Isn't the Problem—Private Debt Is

What’s astonishing is how little attention the global debt problem—the extremely high ratio of private debt to GDP—has gotten. Not only does it leave the U.S. and other countries vulnerable to crisis should brisk growth in that ratio resume, but, quite apart from any crisis, the accumulation of higher levels of private debt over decades impedes economic growth. Money that would otherwise be spent on things such as business investment, cars, homes, and vacations is increasingly diverted to making payments on the growing debt— especially among middle- and lower-income groups that compose most of our population and whose spending is necessary to drive economic growth. Debt, once accumulated, constrains demand.

Hittin the pipe tonight I see

Notice how you don't want to discuss the topic in question.

 

[Dovahkiin]

Yea...

... `cause the gov't. can always print more money to get itself outta debt...

... try dat on yer personal debt an' dey put ya in jail fer counterfeitin'.

The government can indeed never run out of money. That's a simple truth.

 

[SuperDemocrat]

Government dick suckers like yourself must find a way to absolve all responsibility from government officials. Lets not blame the government for having high debt. Lets blame the people themselves. Go fuck yourself

 

[Remodeling Maidiac]

Once you stop and look at history, it becomes clear.
Government Debt Isn't the Problem—Private Debt Is

What’s astonishing is how little attention the global debt problem—the extremely high ratio of private debt to GDP—has gotten. Not only does it leave the U.S. and other countries vulnerable to crisis should brisk growth in that ratio resume, but, quite apart from any crisis, the accumulation of higher levels of private debt over decades impedes economic growth. Money that would otherwise be spent on things such as business investment, cars, homes, and vacations is increasingly diverted to making payments on the growing debt— especially among middle- and lower-income groups that compose most of our population and whose spending is necessary to drive economic growth. Debt, once accumulated, constrains demand.

Hittin the pipe tonight I see

Notice how you don't want to discuss the topic in question.

It's 1 am Saturday. You can't be serious.

Ps. I have virtually 0 debt.

 

[Dovahkiin]

Once you stop and look at history, it becomes clear.
Government Debt Isn't the Problem—Private Debt Is

What’s astonishing is how little attention the global debt problem—the extremely high ratio of private debt to GDP—has gotten. Not only does it leave the U.S. and other countries vulnerable to crisis should brisk growth in that ratio resume, but, quite apart from any crisis, the accumulation of higher levels of private debt over decades impedes economic growth. Money that would otherwise be spent on things such as business investment, cars, homes, and vacations is increasingly diverted to making payments on the growing debt— especially among middle- and lower-income groups that compose most of our population and whose spending is necessary to drive economic growth. Debt, once accumulated, constrains demand.

Hittin the pipe tonight I see

Notice how you don't want to discuss the topic in question.

It's 1 am Saturday. You can't be serious.

Ps. I have virtually 0 debt.

It's impossible for the majority to deleverage.

 

[Rustic]

Once you stop and look at history, it becomes clear.
Government Debt Isn't the Problem—Private Debt Is

What’s astonishing is how little attention the global debt problem—the extremely high ratio of private debt to GDP—has gotten. Not only does it leave the U.S. and other countries vulnerable to crisis should brisk growth in that ratio resume, but, quite apart from any crisis, the accumulation of higher levels of private debt over decades impedes economic growth. Money that would otherwise be spent on things such as business investment, cars, homes, and vacations is increasingly diverted to making payments on the growing debt— especially among middle- and lower-income groups that compose most of our population and whose spending is necessary to drive economic growth. Debt, once accumulated, constrains demand.

All debt is the problem. Dumbass