Comments on: Paying Down the National Debt via YouTube http://visualizingeconomics.com/2009/10/27/paying-down-the-national-debt-via-youtube/ Sun, 05 Feb 2012 17:17:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: HT http://visualizingeconomics.com/2009/10/27/paying-down-the-national-debt-via-youtube/comment-page-1/#comment-688 HT Thu, 29 Oct 2009 07:40:43 +0000 http://www.visualizingeconomics.com/?p=546#comment-688 I still don't get it. Does this mean it's never a good idea to pay back debt? Always better to borrow? I still don’t get it. Does this mean it’s never a good idea to pay back debt? Always better to borrow?

]]> By: Taggert Brooks http://visualizingeconomics.com/2009/10/27/paying-down-the-national-debt-via-youtube/comment-page-1/#comment-687 Taggert Brooks Wed, 28 Oct 2009 12:59:11 +0000 http://www.visualizingeconomics.com/?p=546#comment-687 Yeah..almost a great demo, except he confuses the fact that the bonds are simultaneously a financial asset AND a liability. So our net position is the one to look at. TJ Yeah..almost a great demo, except he confuses the fact that the bonds are simultaneously a financial asset AND a liability. So our net position is the one to look at.

TJ

]]> By: Steve Davis http://visualizingeconomics.com/2009/10/27/paying-down-the-national-debt-via-youtube/comment-page-1/#comment-686 Steve Davis Wed, 28 Oct 2009 12:45:15 +0000 http://www.visualizingeconomics.com/?p=546#comment-686 If it were only that easy. What about the interest savings that would have gone to foreigners and how can you make an assumption on extracting $6 Trillion in leaving it on the books to get your 12 Trillion argument at the end. I'm glad I'm not one of your kids. If it were only that easy. What about the interest savings that would have gone to foreigners and how can you make an assumption on extracting $6 Trillion in leaving it on the books to get your 12 Trillion argument at the end. I’m glad I’m not one of your kids.

]]> By: DonnaBrua http://visualizingeconomics.com/2009/10/27/paying-down-the-national-debt-via-youtube/comment-page-1/#comment-685 DonnaBrua Wed, 28 Oct 2009 12:23:48 +0000 http://www.visualizingeconomics.com/?p=546#comment-685 You neglected to mention the interest we pay on the debt every year which is working toward 20% of the budget. You have to add in the amount saved by not paying that interest rate which is money down a hole. You neglected to mention the interest we pay on the debt every year which is working toward 20% of the budget. You have to add in the amount saved by not paying that interest rate which is money down a hole.

]]> By: Dylan http://visualizingeconomics.com/2009/10/27/paying-down-the-national-debt-via-youtube/comment-page-1/#comment-684 Dylan Wed, 28 Oct 2009 09:50:37 +0000 http://www.visualizingeconomics.com/?p=546#comment-684 "Mr. Moneyman" forgot to mention that we don't have to raise taxes to pay off the debt. We could reduce war spending. That throws a rather large wrench in the works. Also, what happens when foreigners cash in that debt when we don't want them to? They get to dictate US policy, like China did when it stopped the president from meeting with certain foreign officials that it doesn't like. Not a very informative video. If someone thinks they can understand economics from a 5 minute video, then they are bonkers. It's a bit more complicated than his bumper-sticker politics make it out to be. “Mr. Moneyman” forgot to mention that we don’t have to raise taxes to pay off the debt. We could reduce war spending. That throws a rather large wrench in the works.

Also, what happens when foreigners cash in that debt when we don’t want them to? They get to dictate US policy, like China did when it stopped the president from meeting with certain foreign officials that it doesn’t like.

Not a very informative video. If someone thinks they can understand economics from a 5 minute video, then they are bonkers. It’s a bit more complicated than his bumper-sticker politics make it out to be.

]]> By: Jack http://visualizingeconomics.com/2009/10/27/paying-down-the-national-debt-via-youtube/comment-page-1/#comment-683 Jack Tue, 27 Oct 2009 19:17:37 +0000 http://www.visualizingeconomics.com/?p=546#comment-683 One could use that same argument to make the case that no amount of debt is too high as long as we have just slightly more cash available to pay it off. That's nuts. The video was also made before the current explosion of debt during the current administration piggybacking on the relative mini-explosion that Bush Jr. started. We are in danger of being an unsound creditor and then the house of card collapses. The video also doesn't take that into account. One could use that same argument to make the case that no amount of debt is too high as long as we have just slightly more cash available to pay it off. That’s nuts.

The video was also made before the current explosion of debt during the current administration piggybacking on the relative mini-explosion that Bush Jr. started. We are in danger of being an unsound creditor and then the house of card collapses. The video also doesn’t take that into account.

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