the next guy
Superstar
All the money they have borrowed?
When is the US going to pay China back?
- Thread starter the next guy
- Start date
We do it everyday in imports and each times bonds mature (though sometimes with more borrowed money). Us being in debt and in turn a nation full of consumers is good for China. Stop watching Fox News, the day of reckoning ain't coming.
Brown_Pride
All Star
We're never paying that back.
the next guy
Superstar
I'm just scared they gonna want their money. US is like the broke nikka on the corner asking for a dollar
the next guy
Superstar
And technically, we are paying them back each time a bond comes due. Us tax revenue is more than enough to service our debt.
the next guy
Superstar
Thanks for the info, very helpful.
Brown_Pride
All Star
to further this point never lend money to someone who can tell you to go fuk yourself.Except instead of liquor, we bought guns with what we borrowed.
and
never lend money to help fund someones ability to tell you to go fuk yourself.
China
That's not true. Interest alone on the loans is stretching out the US debt ceiling on a regular basis. No homo.
There have been countries that have bottomed out. Argentina, Brazil, Greece, etc. Governments can't loan more money so they have to make major cuts in spending. That affects government employees. Then, all those laid off employees cannot buy stuff. That affects private businesses. The rich get richer. The poor get poorer.
88m3
Fast Money & Foreign Objects
It doesn't really work that way and it's not in their interest.
the made up "debt ceiling" has nothing to do with our ability to service our debt. its a stupid and arbitrary (arguably unconstitutional) legislative limit. our interest payments on the debt are very small compared to our GDP and our tax revenues. It cost 454,393,280,417.03 to service our debt in 2011, mean while, we took in $2.3 trillion. The service amount actually decreased in 2012, 359,796,008,919.49. The 2013 tax revenue number is not out yet as the IRS has obviously been busy doing uhhhh other things
Budget and Federal Debt
CBO | Budget Infographic - Revenues
Government - Interest Expense on the Debt Outstanding
never.. It's not in their interest to pay China back. We don't have the surplus.
and China doesn't care... They are making the biggest moves in the world right now. That would be like be going around collecting all the money I tricked off on chicks.
The Thirteen Classics - Thirteen Canonical Books of Confucianism - China culture
and China doesn't care... They are making the biggest moves in the world right now. That would be like be going around collecting all the money I tricked off on chicks.
The Thirteen Classics - Thirteen Canonical Books of Confucianism - China culture
the made up "debt ceiling" has nothing to do with our ability to service our debt. its a stupid and arbitrary (arguably unconstitutional) legislative limit. our interest payments on the debt are very small compared to our GDP and our tax revenues. It cost 454,393,280,417.03 to service our debt in 2011, mean while, we took in $2.3 trillion. The service amount actually decreased in 2012, 359,796,008,919.49. The tax revenue number is not out yet as the IRS has obviously been busy doing uhhhh other things
Budget and Federal Debt
CBO | Budget Infographic - Revenues
Government - Interest Expense on the Debt Outstanding
Well, it was just an opportunity for me to use the words "stretch", "out", and "no homo" in the same sentence.
