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A comment on When Does Federal Debt Reach Unsustainable Levels?. Parent comment

Re:When Does Federal Debt Reach Unsustainable Levels? by anon1199022 on Tuesday October 10, 2023 @11:32AM (#37833420)
Which is definitely coming, not because of debt levels, but because of lack government responsibility and management. There will no future governments with responsible spending and correct calculation. This is truth in few sentences. They are addicted to spending debt like it's nothing. At any real stress, they will be back to unlimited brrrrr, sunday meeting after SV bank went down was just a small sign. Boomers panic so fast. Market knows it, all smart money knows it. Plan and act accordingly.

https://home.treasury.gov/news/press-releases/jy1337

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Re:When Does Federal Debt Reach Unsustainable Levels? by ram4jesus on Tuesday October 10, 2023 @11:36AM (#37833479)
It would be one thing if all this debt was being spent on public works projects or universal welfare programs, but sadly it's being squandered away on unaccountable and dark military projects, cronyism, and all the worse avarice that humans are capable of.

I would gladly pay more taxes for better schools, parks, cities, humane crime reduction, etc.

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Re:When Does Federal Debt Reach Unsustainable Levels? by anon1199022 on Tuesday October 10, 2023 @11:40AM (#37833527)
Yes and other truth USA citizens can't directly see is, how both parties agreed to raise debt level so fast. When was the last time these people agreed on something big in common? I really can't tell. Something that will directly benefit USA citizens first?

https://www.bbc.com/news/world-us-canada-65736734

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Re:When Does Federal Debt Reach Unsustainable Levels? by refulgentis on Tuesday October 10, 2023 @11:48AM (#37833678)
You're misunderstanding, the _disagreement_ on it is novel, and there is no agreement currently.

It's a novel set of parliamentary procedure shenanigans, starting about a decade ago, that it's up for debate.

That's why people talk about stuff like the platinum coin.

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Re:When Does Federal Debt Reach Unsustainable Levels? by refulgentis on Tuesday October 10, 2023 @11:46AM (#37833641)
Care for a wager? I'm up for any amount up to $20K, on a timeframe of up to 2030. You can pick terms, I don't want to end up with a measure that you feel is unfair or talking down to you.
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