Why The U.S. Won’t Pay Down Its Debt

LoL only a democratic news media would say this, and the sad fact is, most of the sheep that are listening to this are actually believe it, LoL wow, can I tell my bank to keep borrowing me money with no limit ? Wow. Idiots

That's a lie from the pit of hell. My debts have been paid.

1,45+1.45+1,45

1.45+1.46+1.45+1.45+1,45+1,45

11>26+11.26+11.26+11.26

The reason that America wont pay its debt is because this country is longing for a return to slaavery so it has to do so in as many underhanded ways as possible, even if it means working people for 12 or more hours a day.

Another example of clueless, self-proclaimed "experts" showing off their ignorance. I just lost all respect for CNBC. Debt is bondage, no matter how you look at it!

A Ponzi scheme pays of old investors with new ones and have no intention of paying it back.
The U.S pays of old debt with new debt and have no intention of paying it back.
Both will come crashing down as soon as you run out of investors or the current ones lose trust.

Stupid "Main Stream" economists. Why didn't they go to a liberal college like I did?

These guys are all playing the disaster game, and telling everyone there can't be a problem, even though energy is now trading for other currency! And entire powers are dumping all US Dollars. If no one thinks China has no banking influence then they are a joke, even with current Chinese meltdowns happening. Only free and clear hard assets are safe in uncertain times. And you can bet all of these people are knee deep in real-estate

Where there’s debt, someone is getting rich.

Does any of this seem biased to anyone else? My dad, an accountant, had a saying, "this doesn't pass the smell test."

yeah but Japan had a decade of stagflation.

At current rate of increase in the debt, within five years or so interest payments on the debt will increase from 2% to 30%. I doubt the economy will increase anywhere near enough for comfort.

Wow. You listen to some of these people and it seems like out debt is our treasure. Not everyone is so dumb as you CNBC think.
The US pays 0.5 trillion to service the debt, and they say that 35 trillion that we own is good. What a joke.

Why? Because our gov is worthless, overly corrup and has about as much integrity as an average msn news station. Aka none

Borrowing from the future for corporate profit now.

This is the reason that inflation is up 33 Trillion is an surmountable amount. Some banks might forfeit
and the credit line and apr just going to hurt the consumers pocket. We need to be more assertive and less spending and borrowing.

If they don't pay down the debt, inflation will continue to Skyrocket..... they printed trillions upon trillions of dollars out of thin air and people don't understand why prices of everything doubled or why housing and transportation is now unaffordable. You only need to pay off the national debt and bring down inflation if you want the people of this country to be able to have a decent standard of living..... our government obviously does not want that

Seriously. The mainstream media RAPING me on an every day basis. This is PUBLIC CORRUPTION.

I'm so happy that I don't sound like any of these manipulative and oppressive people. I'll go down in history as a just person that was abused by selfish people that thought they knew the future.

When they say "the United States is in debt", they're saying "every citizen born in this country is a SLAVE and the 13th amendment doesn't exist". These people are OPPRESSIVE. I love how they use the word "we" (as if I've ever had a say on ANY of this). As if I've stolen from other people.

Awwwwww look at the mainstream media violating me out in the open again and practically claiming that I was born to be a slave!!! Sooooo cute!!!!

If the debt is such a great idea, why doesn’t every other country rack up the same amount with equal success? The chickens will come home to roost and Americans will not be pleased with the three branches of government entrusted to protect the American people.

This debt is a crisis, as well as a threat to National security. Wake up @cnbc

This debt exists, due to Government negligence and incompetence. None of the things mentioned here, isn't happening! Thus, THIS DEBT. This entire video, is enabling the Government behaviors. Stop justifying the bullcrap. ❤️‍🩹

Yeah… steal from the poor to feed the rich politicians. Check!

Imagine paying $475 billon on annual interests alone

I pay enough taxes The government needs to stop giving it away.

Oh, my God, unbelievable the left. What they will say to OK this craziness.

No Reason can convince me than debt is good 'NO' its bad. Stop making excuses and man up son. The one only good reason you can give me is that you take money hence your in debt and let your economy slowly grow to pay of that debt (like japan).

Debt is bad. We have to print more money to service the debt as it grows and printing that money makes everybody who has money poor. We need to cut government spending and reduce the debt. It is simply irresponsible to print more money. The people who think we can print money to pay for things are wrong. Once other countries realize that we are printing too much money they will stop using the US dollar as the world reserve currency and we will take a gigantic hit to our economy. MMT is insane. Any proponent of Modern Monetary Theory should lose their job as a professor of economics. The inflation we are now seeing is a direct result of printing too much money. The FIAT version of the US dollar has already lost 98% of it's value since inception. If that's not inflation I don't know what is. Think about that the next time you go to the grocery store and have to pay over $100 for a week's worth of food. Totally insane.

The national debt is an albatross around our countries neck and productivity.

Because dems like to use your great grandkids money to buy your vote. Republicans are about ten percent better.

Stop with the crap, US debt is out of control, not good at all, rubbish about nothing like household or not all debt is bad, all rubbish.

It has gotten extremely out of hand

A high U.S. Debt makes Federal Bank stock holders rich. Imagine earning 4 to 5% off 33 trillion dollars that is not even yours.

It is too good to be true that you can just print money and spend. So it is not true. The chicken will come home to roost, sooner rather then later. The demise of USA is just a matter of time, nothing is forever.

They say the debt is merely an accounting record like it doesn’t mean something. Your rent snd credit cards are an accounting record of your debts. Once that debt gets too high see what happens.

Very irresponsible reporting from CNBC. The question is not whether debt can be useful. Currently, the debt as a percentage of GDP is too large, and is a reflection of the general fiscal irresponsibility that created so much inflation and lowered the standard of living of the majority of Americans. Also, in the video description, it reads "without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest." The government does not issue debt in order to create "safe" securities as a service to investors. It creates the securities to fund the debt. And how have these Treasury securities performed in the past three years? Absolutely miserably - another sign that there is too much government debt. Maybe try getting respectable economists to discuss the issue next time.

Boomers and Silent Gen Leaders do not care about the prospects of future generations. They've financed every war that rich capitalists wanted to fight at the expense of investing that money back into America.

My plan:
- Take over and annex Kuwait
- Sell it to China for 25 trillion or so, and recognize their claim to Taiwan officially
- problem solved

Biden.

The video showed the recent September Debt to GDP ratio at close to 100%, showing the very worst ratio of approximately 106% to 119% by the end of the war in 1945. Today (Oct 11 2023) our total debt to GDP ratio is at 137.53% and continues to climb uncontrollably as we print money out of thin air.

The way debt works: we pay every month. We wipe all of the overdraft fees. All of that was a critical misjudgement by someone whose problem it is but will not be recuperating funds. We take out new debt lol

The debt is owed to zionists

No, Congress did not authorize the spending. The Congress mandated the spending of a certain amount of money.

Getting rid of the debt ceiling would be a disaster, unchecked spending and zero accountability by government officials. Might as well hand blank checks out to all your neighbors and tell them to spend as they please. Cnbc is a complete sham, who the hell are these hacks in this video, they should all be ashamed