National debt in four years?

[HighStickHarry]

What is acceptable? Sounds like trump is ready to spend some money with the initial cost of the wall, infrastructure and naval fleet.

https://www.yahoo.com/news/navy-trump-planning-biggest-fleet-expansion-since-cold-130041731.html

 

[GoPokes43]

The new jobs have a multiplier effect of about 4x. Mexico is paying for the wall. The bad contracts on the new planes will be fixed to save waste. All energy department and IRS employees are going to be fired. So, all should be just fine on the budget front.

 

[ThorOdinson13]

I've made peace with the fact that it will continue to go up until long after my death. If we make it that long

 

[brtinla]

The debt will always go up. The question is why anyone cares.

 

[aix_xpert]

The debt will always go up. The question is why anyone cares.

Because the debt going up alongside interest rates will mean that either taxes have to go up, or government funding will go down due to increased debt servicing costs. That said, I do wish the government debt calculator was much better at differentiating between good debt (collateralized debt for long-term structures) vs. bad debt (debt incurred to cover general operating expenses).

 

[shortbus]

Mexico is not paying for the wall.

 

[07pilt]

Because the debt going up alongside interest rates will mean that either taxes have to go up, or government funding will go down due to increased debt servicing costs. That said, I do wish the government debt calculator was much better at differentiating between good debt (collateralized debt for long-term structures) vs. bad debt (debt incurred to cover general operating expenses).

Wrong.

 

[imprimis]

Because the debt going up alongside interest rates will mean that either taxes have to go up, or government funding will go down due to increased debt servicing costs. That said, I do wish the government debt calculator was much better at differentiating between good debt (collateralized debt for long-term structures) vs. bad debt (debt incurred to cover general operating expenses).

Or maybe tax revenue will increase due to economic activity. Government funding going down is not a bad thing especially since much of the government funding is wasteful or worse, lost/unaccounted for.

 

[NeekReevers]

The debt will always go up. The question is why anyone cares.

I don't think it matters as long as nothing replaces the dollar as the benchmark currency in the world. Right now that doesn't appear to be an issue though.

 

[aix_xpert]

Or maybe tax revenue will increase due to economic activity. Government funding going down is not a bad thing especially since much of the government funding is wasteful or worse, lost/unaccounted for.

While I agree with the premise, there is no correlation between the amount of government funding and the quality of the use of that funding. So reducing goverment expendable income won't reduce these wasteful expenditures.

 

[imprimis]

So reducing goverment expendable income won't reduce these wasteful expenditures.

Maybe not but it surely would put those under a microscope.

 

[HighStickHarry]

If government debt is nothing to be concerned about then why do we not go 100 trillion on debt and cure every ill we have?

How are homeless shelters struggling to provide beds and blankets and food if we could just slap another couple trillion on the ledger sheet?

 

[07pilt]

If government debt is nothing to be concerned about then why do we not go 100 trillion on debt and cure every ill we have?

How are homeless shelters struggling to provide beds and blankets and food if we could just slap another couple trillion on the ledger sheet?

Politics.

 

[brtinla]

f government debt is nothing to be concerned about then why do we not go 100 trillion on debt and cure every ill we have?

Because inflation would be your result.