President Joe Biden - Kamala Harris Administration

#45,451
#45,451
Vol737 said:
That’s only one side of the story, interest payments. We are likely headed back to longer term higher interest rates which will drive borrowing costs and interest on the debt higher as the trend is showing where your graph ends. What you’re not accounting for is the current debt vs the debt levels in the late 70’s through the 80’s and 90’s, which is now massive.
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Wrong. Wrong. Wrong.

Armchair Economists: UNITE!!!

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#45,452
#45,452
You know how to really drive that number down? Spend more money on other ****. I mean the *blue line* is a percentage of the federal budget that is spent on debt isn't it? LOL
 
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#45,453
#45,453
MontyPython said:
Wrong. Wrong. Wrong.

Armchair Economists: UNITE!!!

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Sorry, but it is how this works. And I listen to people that know far more about this than you and I. We’re borrowing money not just to fund operations, but to pay interest on interest at a far higher principal amount of debt that’s climbing at a much steeper rate.
 
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#45,454
#45,454
Vol737 said:
Sorry, but it is how this works. And I listen to people that know far more about this than you and I. We’re borrowing money not just to fund operations, but to pay interest on interest at a far higher principal amount of debt that’s climbing at a much steeper rate.
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Mindless blathering.

You literally have no clue.

The one simple graph I posted disproves your clusterdump drivel.
 
#45,456
#45,456
MontyPython said:
Mindless blathering.

You literally have no clue.

The one simple graph I posted disproves your clusterdump drivel.
Click to expand...

So, tell me, unlimited debt, no matter the amount at much higher interest rate payments on that debt, doesn’t have an effect at all? Just keep growing the debt and continue to issue debt to pay the interest on the interest as debt levels accelerate? Serious question, where do you suppose, then, does the debt level becomes problematic?
 
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#45,457
#45,457
Vol737 said:
So, tell me, unlimited debt, no matter the amount at much higher interest rate payments on that debt, doesn’t have an effect at all? Just keep growing the debt and continue to issue debt to pay the interest on the interest as debt levels accelerate? Serious question, where do you suppose, then, does the debt level becomes problematic?
Click to expand...

"Unlimited debt".

Wrong again.

Look if you don't understand the blue line, just let me know I will break it down to a second grade level.
 
#45,458
#45,458
MontyPython said:
Mindless blathering.

You literally have no clue.

The one simple graph I posted disproves your clusterdump drivel.
Click to expand...

Lol. Okay. All it shows is changes in the interest we’re paying on the debt over that time period. We’ve been financing debt at artificially lower interest rates over the past decade plus. That’s fine in that we pay back the debt holders at much lower rates. That’s changing significantly now with a steeper upward trajectory in overall debt and rapidly rising borrowing costs. So, what is it you know that all the economists and market pros on Bloomberg Wall Street Week, Barron’s Round Table, Lawrence Summers, etc., that are interviewed weekly and expressing serious concern don’t know?

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#45,460
#45,460
Vol737 said:
Lol. Okay. All it shows is changes in the interest we’re paying on the debt over that time period. We’ve been financing debt at artificially lower interest rates over the past decade plus. That’s fine in that we pay back the debt holders at much lower rates. That’s changing significantly now with a steeper upward trajectory in overall debt and rapidly rising borrowing costs. So, what is it you know that all the economists and market pros on Bloomberg Wall Street Week, Barron’s Round Table, Lawrence Summers, etc., that are interviewed weekly and expressing serious concern don’t know?

View attachment 550289
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I know that this is 100% politics broseph.

/end thread
 
#45,466
#45,466
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#45,467
#45,467
Vol737 said:
Sorry, but it is how this works. And I listen to people that know far more about this than you and I. We’re borrowing money not just to fund operations, but to pay interest on interest at a far higher principal amount of debt that’s climbing at a much steeper rate.
Click to expand...

The really scary part about having super high debt is that as interest rates climb so does the interest due on the accumulated debt. Not sure where the tipping point is, but you are really screwed when all the tax income is going toward the accumulated interest and prior commitments that no congress has the balls to unwind - not to mention politicians still adding insane amounts to it.

Imagine thinking that you can help people weather inflation by spending when spending was what drove the inflation in the first place. The inmates really are in charge of the asylum.
 
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#45,468
#45,468
AM64 said:
The really scary part about having super high debt is that as interest rates climb so does the interest due on the accumulated debt. Not sure where the tipping point is, but you are really screwed when all the tax income is going toward the accumulated interest and prior commitments that no congress has the balls to unwind - not to mention politicians still adding insane amounts to it.

Imagine thinking that you can help people weather inflation by spending when spending was what drove the inflation in the first place. The inmates really are in charge of the asylum.
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This is where I think “The Great Reset” comes into play. I can only imagine the calamity that ensues if they go through with that.
 
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#45,472
#45,472
Vol737 said:
Dude, the chart I posted was an up to date Debt:GDP ratio chart. Yours is only total debt. I’m aware of the total debt. The debt/gdp ratio is a different aspect in the discussion.
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Is there a current chart showing the debt to gdp ratio?
 
#45,474
#45,474
MontyPython said:
You are dumb as dirt dude.

READ: *BLUE* LINE

The blue line depicts what PERCENTAGE that debt interest constitutes out of our federal budget.

Currently at 6.1%.

If you're unable to comprehend this I literally can't help you.

View attachment 550273
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Uh yeah, we have had over a decade of unprecedented low interest/bond rates now that the rates are increasing so will the percent of debt interest being paid. Just look at your chart and the steep increase to 6.1% what do you think it will be next year?
 
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