An explanation of the US debt.

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An explanation of the US debt.
The Splainer User ID: 74676606 Canada 06/26/2019 10:44 PM Report Abusive Post Report Copyright Violation	An explanation of the US debt. Most people are clueless about what 30 trillion is. As such to most the US debt situation does not seem real. I thought I would explain things simply. 30 trillion is 30 thousand billion. The US military budget is around 700 billion yearly. The Russians built the infrastructure at Sochi for the Olympics for roughly 55 billion, you can build a city for this sum.coin (and many would agree that it could have been done for half that figure) So if the USA stopped spending the 700 billion yearly on its military and scrounged up another measly 300 billion it would take 30,O00 years to pay off the debt without compounding intrest. That is all.

Anonymous Coward User ID: 75822040 United States 06/26/2019 10:46 PM Report Abusive Post Report Copyright Violation	Re: An explanation of the US debt. Not clueless Screamed from roof tops People suck
Anonymous Coward User ID: 76783124 United States 06/26/2019 10:48 PM Report Abusive Post Report Copyright Violation	Re: An explanation of the US debt. Dirty little secret... It was never meant to be paid off. It was meant to give LEVERAGE (read: POLITICAL POWER) to private banking interests over the U.S. government. Mission accomplished.
Anonymous Coward User ID: 76783124 United States 06/26/2019 10:48 PM Report Abusive Post Report Copyright Violation	Re: An explanation of the US debt. Dirty little secret... It was never meant to be paid off. It was meant to give LEVERAGE (read: POLITICAL POWER) to private banking interests over the U.S. government. Mission accomplished. Quoting: Anonymous Coward 76783124 And hence... Woodrow Wilson = worst POTUS ever.
Anonymous Coward User ID: 77717624 United States 06/26/2019 11:14 PM Report Abusive Post Report Copyright Violation	Re: An explanation of the US debt. Most people are clueless about what 30 trillion is. As such to most the US debt situation does not seem real. I thought I would explain things simply. 30 trillion is 30 thousand billion. The US military budget is around 700 billion yearly. The Russians built the infrastructure at Sochi for the Olympics for roughly 55 billion, you can build a city for this sum.coin (and many would agree that it could have been done for half that figure) So if the USA stopped spending the 700 billion yearly on its military and scrounged up another measly 300 billion it would take 30,O00 years to pay off the debt without compounding intrest. That is all. Quoting: The Splainer 74676606 30 trillion divided by 700 billion is 42.857. Or, to use your example of scrounging up and extra 300 billion each year for a total of one trillion, is obviously a 30 year repayment without interest. Point taken about insanely high debt figures but let's get our hypothetical math right.
Anonymous Coward User ID: 74631602 Canada 06/26/2019 11:38 PM Report Abusive Post Report Copyright Violation	Re: An explanation of the US debt. Most people are clueless about what 30 trillion is. As such to most the US debt situation does not seem real. I thought I would explain things simply. 30 trillion is 30 thousand billion. The US military budget is around 700 billion yearly. The Russians built the infrastructure at Sochi for the Olympics for roughly 55 billion, you can build a city for this sum.coin (and many would agree that it could have been done for half that figure) So if the USA stopped spending the 700 billion yearly on its military and scrounged up another measly 300 billion it would take 30,O00 years to pay off the debt without compounding intrest. That is all. Quoting: The Splainer 74676606 30 trillion divided by 700 billion is 42.857. Or, to use your example of scrounging up and extra 300 billion each year for a total of one trillion, is obviously a 30 year repayment without interest. Point taken about insanely high debt figures but let's get our hypothetical math right. Quoting: Anonymous Coward 77717624 One trillion is 1000 billion.
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