$22 Trillion and accelerating . . . .

[Tucker]

There are a lot of people who don't really care about government debt and for good reason. When you're the worlds reserve currency why not trade fiat money for hard goods or commodities? It's basically monopoly money to print and you can get real stuff for it. Print more and inflate your way out of debt in the future. I took a $100k debt on a quarter of land. Who cares when now it's worth three times that? Shit might hit the fan if the US ever lost reserve currency status. Why do you think Saddam was such a threat that he had to swing by his neck? WMD? Lol.

[errolanderson]

Trump meeting with China key trade official today. Clock is ticking . . . .

Trump appears willing to budge on March 1st tariff hike deadline, but U.S. negotiations must be presented as a win to markets. Time likely more in China's favour (IMO).

[ajl]

What is amazing here is that while the debt is growing, the 10 year treasury rate has been falling even while China and Japan reduce their treasury holdings. Now that the market has reflated, there looks like there will be more room to raise short term rates yet this year. With new tariff revenue rolling in, the US still has the ability to service this debt so QE4 is still a ways off yet. Given that these imports have no other market to go, the producer ends up absorbing the tariff for the most part. Add in economic growth from reduced domestic taxation and being an energy super power the US can manage high debt levels for a long time yet. This is why all the predictions of its demise has been consistently wrong so far.

[tmyrfield]

Problem solved, for a little while...


https://moneyordebt.com/2013/01/13/trillion-dollar-coin/ https://moneyordebt.com/2013/01/13/trillion-dollar-coin/

[errolanderson]

Trump 2020 budget proposal, a record $4.75 trillion. Military receives 5 percent increase, cuts to education, health care, USDA . . . .

[agstar77]

Debt is usually solved by a depression and a world war. Trump is just the guy to do it. His son will have inherited heel spurs so he will get a deferment.

[checking]

A couple of you should listen to yourself.

A world war will be over in minutes along with all problems, including debt. Do you really believe we are still in the age of trench warfare?

[macdon02]

Debt is usually solved by a depression and a world war. Trump is just the guy to do it. His son will have inherited heel spurs so he will get a deferment.

The US is having no troubles selling its debt, Europe on the other hand, by keeping rates so low, is relying on the ECB. Draghi has killed Europe's ability to borrow. Japan has done much the same as Europe. The only buyer of these countries debt is themselves.