[quote=The-Shoveler]LOL so do you seriously think we will ever pay it off at this point? (the national debt).
One day some president will just order the treasury to mint a bunch of trillion dollar coins and use those to pay it off and I predict “nothing will happen”, we will just go on like it never happened.
anyway IMO.[/quote]
I don’t think we will ever need to worry about our debt as long as we have a large nuclear weapons arsenal and a large and modern military. About 30 years ago, I was asked to write an essay that could either compare or contrast the fall of Rome with the potential fall of the US. Some of those social studies teachers strongly encouraged us to write these comparions (or to give reasons why we were different from Rome) Many made the dire prediction we wouldn’t be around 20-30 years from now or a major player in the world… I took the easy A and compared how US was like Rome since it’s always easier to be negative and critical of everything that isn’t working or failing versus actually thinking about the positive things this country uniquely offers.
Fast forward 30 years. We are still around, our influence hasn’t really changed that much, and yes, my own kid middle school has the same exact assignment, where begrudgingly my kid also took the easy A route and wrote about how similar we are to Rome and we will fail 30 years from now, not really believing it….
Lol. Thank God I didn’t make any financial decisions based on this sort of gloom and doom misery. In fact, quite the opposite. I thought most american educators were full of it, couldn’t manage their own personal finance and could hardly be a role model for anything money related, and started trading stocks when I was 17-18….
So yeah , lol. America’s death and demise has been long predicted a long time ago. Chances are, it won’t happen in our lifetime or our kids lifetime. For every person wallowing in misery here, there is probably someone else that is doing just fine.
