[Deathstar 80]

I've thought of a way to help all of you understand why I personally think an economic collapse is coming. Here's the link where I'll be taking information from:

http://www.usdebtclock.org/

On that website, it shows the sources of where it has received that information. Such as for the "US National Debt", it took that number from the US treasury.

According to the above website, here's some information I would like to emphasize:

US Federal tax revenue -> $2.3 trillion
US Federal spending -> $3.6 trillion
US National debt -> $14.9 trillion

According to the above numbers, we are currently borrowing $1.3 trillion. This means that our national debt will increase by this much.

In order to start paying back our national debt, we have to completely stop borrowing money. Here's how the math works:

$3.6 trillion <-- (the current amount our government is spending)
- $1.3 trillion <--(the current amount our government is borrowing)
---------------
$2.3 trillion <--(the amount we would spend if we completely stopped all of our borrowing)

Furthermore, we would have to include paying our interest on the national debt:

$2.3 trillion <--(the amount we would spend if we completely stopped all of our borrowing)
- $0.2 trillion <--(the amount of interest that we have to pay for our national debt)
---------------
$ 2.1 trillion <--(the limit to what we can spend if we choose to not add on any more to the national debt)


^^According to this math, we can only spend $2.1 trillion just to prevent ourselves from adding onto the national debt. But if we do that, we'll cut around 41% of our government spending. As many Democrats have said, this will obviously hurt our national economy. And they're absolutely right.

But remember, reducing our government spending by 41% will only prevent us from adding onto the national debt. In order for our country to start paying back the $14 trillion that it owes to others, it has to cut spending even more. That's important to keep in mind.


Of course, we don't have to just cut government spending. It's also been mentioned that we can raise taxes and, therefore, increase tax revenue. I'm not going to debate exactly on what we should do since that is involved with politics, and this thread is especially not for talking about politics. Political discussion is for a different thread.


If we don't cut government spending or raise taxes, there's one last option for us, called "hyperinflation". The Federal Reserve can print around $14.9 trillion paper dollars and give them to those who we owe it to. Keep in mind, these paper dollars have no value whatsoever behind them. It's only paper being printed out. This would cause our currency to be completely worthless. For example, if you have $50,000 in the bank, it will be worth around $0 after hyperinflation takes full effect. You can read more about the effects of hyperinflation by reading about the hyperinflation of the Weimar Republic.


And when we do cut government spending, it's tough to decide what programs we should cut. Should we cut defense spending? Or social security? Or medicare/medicaid?

I challenge anyone who still doesn't believe that an economic collapse is coming. My challenge is for you to find a way to pay back our country's $14.9 trillion without cutting our government spending/raising taxes (because that would cause an economic collapse) and without hyperinflation (because that would cause an economic collapse). And when you do find a way, please explain the different programs that you would cut and how much you would cut from that program.




I'm trying to warn all of you about this for a reason. I personally think that the times that are coming are going to be very, very tough. Please, I've begged you over and over again to research this yourself for the sake of you and your family. I'm 100% certain that this is coming. I've already made up my mind on what to believe.