National debt crisis: what does $136 trillion look like?

Unto the Breach ^ | Oct. 3, 2018 | Chris Carter

[Pelham]

Look up "Funded Public Debt. Alexander Hamilton"

[Pelham]

“Sometimes I wonder if folks who write such things even realize that the obligations become due over many years, or if they just like to write doomsday articles.”

They do it to sell financial newsletters or to get hits online. The pitch is based upon the fact that a lot of people don’t know how finance works and it’s easy to con them with scare stories.

[pfony1]

Once President Trump has enough PATRIOT Republicans in the Senate and the House, he can pass his agenda without needing the “help” of the RINOs.

THEN, as the Democrat party splinters into oblivion, we can primary out the RINOs.

[fugazi]

Jinkies, foiled again! I almost away with tricking people into thinking that over 100 trillion in harmless debt and unfunded liabilities was something to be concerned about... if it wasn’t for that dog and those stinkin’ kids!

[fugazi]

If 136 trillion isn’t such a big deal, at what dollar amount should we be concerned about a federal government that takes in trillions of dollars and spends/commits to spending many, many trillions more?

[Pelham]

The important numbers are ratios. Tax 'income' taken in by the Treasury versus interest owed on the debt. Debt to GDP. As the US economy grows larger it can support a larger debt. It's not all that different in principle from individuals and their ability to qualify for mortgages.

5 Myths About U.S. Government Debt, by Samantha Azzarello, Global Strategist, J.P. Morgan Funds