Does U.S. debt matter? | CNBC Explains

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Title	:	Does U.S. debt matter? \| CNBC Explains
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30 trillion
Comment from : Alan Browning

😂😂😂😂😂😂😅
Comment from : Ahmed Ali Kalhoro

She forgets to tell you about the part where when the US Government "spends" US currency, it is not like it is going to some "Savings Account" and with drawling it, it is just creating more Currency If you had a magic machine in your basement that creates the Currency, would you have any "Debt"? No, every time you needed more Money you would just print more Money The US Government is not a Household or a Business "There is nothing to prevent the Federal Government from printing as much money as it wants and giving it to someone, the problem is are the Goods and Services available which those funds would be used to purchase The Cash is there which is nice, but it has to be in balance with the resources to purchase" Alan Greenspan Under Oath refuting Paul Ryan's attempts to Justify privatizing Social Security
Comment from : Bargdaffy 153

Wow this Libertarian Lady is an Idiot, they all are There is no Credit Card The United States Government prints its own currency, has a monopoly on its creation, controls the Money Supply the Interest Rate and can tax it out of its own attendant $23 Trillion Economy She thinks the United States Government is some kind of Household What Household can do all that? Even Dick Cheney and Donald Trump have stated Deficits Don't Matter Publicly You are listening to an Imaginary tale that proports "The Government is just like a Household, it has to pay its bills" What Household Prints its own Currency, controls the Interest Rate and Monetary and Fiscal Supply and can Tax the Currency it has a Monopoly on creating out of the Economy?
Comment from : Bargdaffy 153

Countries are blackmail by US to buy useless bond
Comment from : GPDC

This is like a sugar coated explanation If you take out a loan to buy a car you ARE F*b***/b POOR!
Comment from : Brandon

We want the global cut nucleus and arms And have election and debate weather wars and choose the candidate to lead on top of debt and weather and wArs so that all sufficiency
Comment from : NHAN HA

We are not pay back debts by the gold and by the way sale land and personal assets or businesses Because we have no tool to work We will do the work That the reason we do not sale those things
Comment from : NHAN HA

How the majority must have supplies And able to control incidents so that they do not fight
Comment from : NHAN HA

We talk about stuff we need everyday that fail behind That the reason global need as well rather than Us alone Peoples should not believe the poor need to joint arm forces and make nucleus and more arms no more debts
Comment from : NHAN HA

To make economy and market Function normal We need machines and innovation Because we have stuff we need no waiting time
Comment from : NHAN HA

I do not know The more workers and more machines reduce the incidents The life of everybody easiest If do things less important the monies that make useless
Comment from : NHAN HA

Except all that money is going towards prolonging neverending wars to feed the military industrial complex, not into infrastructure or education
Comment from : Edsel Greaves

Us debt is 32 trillion-dollar why do you people speak so backtrack it's been awfully money why you have nothing better to do with your life except for silliness young lady puppet reporter see I live in Kauai and you creepy people
Comment from : Joanne Davila

It's 2023,the debt is 31 trillion now And there is war So more funding needed, plus help to Ukraine
Comment from : Юра Ким

Imagine this: A Light-year is the distance light travels in one year A very great quantity, in deed! As Light streams through space at 186,000 miles per second, that means that it travels 588 trillion miles in a year Needless to say, "5,88 Trillion" is a number very difficult for anyone to even visualize Now try to imagine 30 Trillion! This is the number of Dollars the United States Government currently owes the International Banking System!
Comment from : Henrik Rolfsen

There is no such thing as National Debt in a fiat based currency economy, especially when petrodollars are the global standard currency The Fed can and does print money at will and lend it out at Zero pct interest The National Debt is a myth told to the populace to make them believe they live in a world of constant scarcity Additionally that which is called the National Debt is merely one side of a Ledger, the other side is the US Economy, and any Debit on the National Debt side is a Credit on the US Economy side The "National Debt" is just "Excess Currency in the Economy" that has not been Taxed out Want it Back? Do a T Bond Buyback, Or Tax the Rich, they are the ones who have it! The Money doesn't disappear Folks, it is the the Same economy that Creates the Value of the Dollar
Comment from : Bargdaffy 153

If every country is in debt doesn’t that mean no one owes anyone anything
Comment from : Wes cald

LONG LIVE INDIAN AMERICAN FRIENDSHIP AND MUTUAL UNDERSTANDING 🙏
Comment from : A

I LOVE AMERICA AND ALL AMERICANS 🙏
Comment from : A

It’s a Ponzi scheme and corrupt government officials lol And for those who vote, seniors and state agencies thank you for this mess you have created lol… I want to see America fail and crash
Comment from : jason powell

July 27 2018 Ageing population A dire threat to economic and national security
Comment from : Chintala lokesh

Why doesn't US cut spending to defence Industry?
Comment from : Ruturaj Shiralkar

The power of the US federal government is delegated from the 50 self-governing states of the United States According to Article 1, Section 10 of the US Constitution, no US government shall pay its debts in currencies other than gold and silver That is the US dollars or any kind of IOU is used for paying the national debt is a violation of the US Constitutionbrbr Article 1, Section 10 of the US Constitution: Deprives states of powerbrbr No country shall enter into any treaty, alliance or federation; grant trademarks and letters of retaliation; coin money; issue letters of credit; offer anything other than gold or silver coins as a tender for debt repayment; pass any acquirer act, post hoc law or damage contractual obligations laws, or confer any title of nobility
Comment from : Out of USAs Manipulation Free to speak

why raise interest rate to cure inflation, what about the debt incurred increasing interest rate
Comment from : Sylvester Amas

Now this is amazing I wonder wich country in next for war on terror bullshit yess bullshit maybe its the homeless of california lol🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Comment from : Mohammad Ayub

Of course it matters it shows how responsible a country is with money br And Russia is kicking everyone’s ass in the debt game br The public debt to GDP leading in Russia only at 1809
Comment from : Joshua Van Norman

japan will retake the kurils sakhalin and vladivostok south korea will take north korea
Comment from : Jarrod Yuki

WHAT DEBT???
Comment from : Tim Hart

Now they boosted it too much
Comment from : Cornelius Shivambu

Those in power will be long gone when the house of cards crumbles
Comment from : Rationalist Faith

Eventually it will have a huge impact on the economy I’ll remind you that Reagan ravaged the top of income taxes from 74 to 28…it’s been downhill ever since 2008 financial disaster didn’t help…It’s easy to cut taxes but much more difficult to raise taxes
Comment from : Chris Blanchard

she looks like riley reid
Comment from : greatndit

I just want you to know that people pay SSA & Medicare from thier paycheck seperately They are nothing to do with federal tax Don't blame senior people
Comment from : harmoni

Short answer yes Long answer yes
Comment from : Alex

Kiss your 401K goodbye 21 is old news it's now 30 trillion oh wait I blinked it's almost 31 now
Comment from : Kingsley Kronk K

1:29 “money the federal government owes itself”
Comment from : That Time Stamp Guy

Congress will never cut spending This will go on until the Government fails The question is when?
Comment from : mark sherrill

It’s not really a debt it’s money they print, it’s a debt against the government system, 70 of the debt rolls back through the coppers, it’s a cash flow system, US dollar is the bench mark a lot of countries hold reserves in US dollars about 40 this video fails to explain what this debt is, lack of understanding
Comment from : Darren Humphris

"The US debt is 212 trillion dollars"br- What? How old is this video?yupit's 3 years old Debt's 28 now
Comment from : The Sceptic

Biden is in control if we need more money he will just print more and give all of it to the people that crossed our southern border
Comment from : Edward Adams

The dollar is rated A- And by the end of this year it's going to be rated at B+ and by 2025 the dollar will collapse
Comment from : Robert Burns

You spent the entire video without answering the question clearly It seemed like listening to a student who was summarizing without doing the assigned reading
Comment from : Thejas K R

Great video :D simple and straight to the point
Comment from : stivenstivens

Ah shit no, government just leave the money 💸 printing on 24 hours 7 days a week
Comment from : J S

CNBC should be banned by YouTube for spreading economic disinformation As the soul creator of the US dollar, the government can spend any amount, as long as the resources are readily available Issuing bonds serves to temporarily reduce the supply of money, but the obligation to repay the money with interest at the end of the term remains Taxes also reduce the money supply, and are not used as revenue In fact, if the debt were reduced to zero, the money supply would be zero Please learn about Modern Monetary Theory The government spends first and taxes back later to ameliorate inflation pressure
Comment from : Ideas Not Ideology

Well it might not be 'even the case for Italy' but I would not even make the comparison
Comment from : Cecilia Valle

US will be done in 20 years!!!!
Comment from : Adan Martinez

Fun fact when they cut taxes in 2017 they actually received more revenue in taxes in 2018 and 2019 unlike what they predicted The economy grew so much the IRS received more money
Comment from : GuyFromSouth

So why don’t you just print enough money and give to everyone and thus end poverty if this is true?
Comment from : Andre Fouche

This video is over 3yrs old and the debt 💸 has definitely spiked with President Biden
Comment from : LS-33wraith

how did this happen? : government lack of discipline in managing money thats how it got out of hand,
Comment from : jung mo

How do you talk about debt without even mentioning the private federal reserve system? Yeah don’t know if I trust a news source that regularly has on ceos of corporation as experts to speak for the needs of working people
Comment from : Alexander Bonaparte

3:11 3:11 3:11 3:11 3:11 br3:11 3:11 3:11 3:11 3:11 br3:11 3:11 3:11 3:11 3:11 br3:11 3:11 3:11 3:11 3:11
Comment from : KRISHNKANT 🇮🇳

All politicians should only make $10K a year and they cannot go outside of the US nor engage in business or tradings
Comment from : gearzone2611

America needs some Clinton-nomics
Comment from : Anshuman Kumar

coming back to this in 2021, we increased it by 7 trillion in 3 yearsholy shit
Comment from : Pandem

So the USA is just one Big ponzi scheme?
Comment from : Hej Med dig

Notice how they bury the idea of inflation Dollars are worth less with more money being printed
Comment from : Robert Beard

Look at how few national debt videos is even in YouTubethat should tell you how everyone feels about national debt!!
Comment from : jwrsob

Hence the intro of Covidkilling off the elderly!
Comment from : jwrsob

This is embezzlement of all politicians that pass these bills and raise the debt limit This is how congress get rich people They know where the money is going and to whom and where to go get it after they commit this crime while you are watching them do it Stealing your money
Comment from : buddy tipton

1:07 b"the gov't wouldn't be able to invest in infrastructure"/bbrbrWait, we do that???
Comment from : Anonymous Anonymous

Leaving the gold standard was a big mistake because convertibility into gold helps keep a check on debt spending
Comment from : casienwhey

CNBC could not explain what day it isbrBias , unprofessional crap
Comment from : Real United States Republic

So basically, we're in deep doggy dodo
Comment from : auck1969

The risk free rate
Comment from : Matt Younger

Kensian economics vs supply side economics
Comment from : Matt Younger

As long as TBonds can pay coupons it doesn’t matter
Comment from : Matt Younger

Ah so many corruptor here
Comment from : Sesha Jelmaan ular hitam tahksika

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Comment from : johnson fidelis

When you borrow money to pay back borrowed money you are screwed eventually , that's what the govt does think about that
Comment from : Eddie Kulp

Ghanges con Was the first to use the fiat system They did everything that we are doing right now Wars And overspending It collapsed The end
Comment from : Doug Vuillemot

US Deficit is NOT a Debt It's simply how much money the USA has printed since day one And the only issue with govt spending is possible inflation, not the deficit The US does not need to raise revenue (via taxes or otherwise) to cover it's spending, unlike other entities, including households and states Watch the correct explanation here: youtube/mmuysv17T9M
Comment from : Rephael Inbar

Welcome to 2021
Comment from : Googlebanmetoomuch 2

no us debt does not matter you run the entire country and a giant ponzy scheme called us treasuty bonds when your short you just print more
Comment from : Sean Gotts

The romantic sand acceptably rub because fahrenheit postoperatively double but a waggish nigeria null, rampant cirrus
Comment from : Jack Mak

What!!!!!! 21 trillionssss You can't pretended it don't matter many cities already collapsed and just see the homeless now Biden wanted to go to war with China by printing paper money???? America is done
Comment from : B W Mr Tham

Tens of thousands a second as of 2021 and accelerating
Comment from : Brach Janney

One incorrect thing CNBC keeps on repeating is when you lower the tax rates, the government actually brings in more revenues due to economic expansion People with more money in their pockets will spend more
Comment from : expsterm1

What if people lost trust of the Dollars and start selling the bond?
Comment from : Abdul Hamid Mohammad

Money printers goes brrrrr
Comment from : Asheru 92

No
Comment from : Louis rodriguez

I’ll capitalize on this ridiculous inflation Does it matter? Depends who you ask It’s great for investors, as it rewards investing For people living financially conservatively/risk adverse, it’s terrible
Comment from : Alex S