Originally Posted by AniMeFaN
miburo, you obviously dont understand any of what i said, the problem isnt that we have debt, its that we have debt and are unable to pay it back.
Oh my god, you're a retard. I understood what you said, it was just stupid. We are able to pay it back, we just don't pay it all back. Because that's stupid.
think of a business, it has revenues and has expenses, think of the revenues as our production and the expenses as our consumption. if our consumption our expenses are alot higher than our production or revenues than we will go into debt, if this same thing continues to happen we go further into debt and in the businesses case go bankrupt.
Retarded. Goddamn. Look, here is a graph:
One. Notice how we've had debt for a long ass time. Yet we still kick all sorts of ass.
Two. Notice how our debt currently does not exceed our GDP (Making your argument extra stupid). It did for a short period of time recently, but that doesn't matter long term. All that matters is that we're able to make payments on it, and we are. Since we have one of the highest GDPs in the world.
Three. Debt isn't static. You can pay off some debt, then acquire more. So it looks like we're not paying it off, if you're an idiot, but we are. We're just taking on more debt as we do it. Which is fine. Not ideal, of course, but fine. Like I said, most people you know are living with debt and they're totally fine.