2024 US Presidential Election

[Renamed]

zorg1000 said:

burninmylight said:

Sometimes you're just so late to the party and everyone else already said what you were going to say, only so much better.

I'll just say that I will never cease to be amazed by people that treat a country's national debt like it's their own personal debt whenever the subject is about programs and policies they don't understand or don't think (the keyword is think; you MFers ain't rich) will benefit them. They act like mafia loan sharks will be beating down their own door if the president they didn't vote for doesn't pay up those trillions in 48 hours.

Yep, I can’t count the times I’ve heard my dad or my boomer coworkers say something like, “what’s gonna happen when the debt comes due?!?!?” Like it’s some kind of gotcha and I’m like is China gonna show up with a baseball bat demanding it’s money back?

I like to compare these things to personal situations to show how dumb their arguments are. As long as you are making your monthly mortgage payments, do you have to worry about the bank taking your house?

And with respect to China, they owns less than 3% of our DHBP (Debt Held By Public) and just 2.3% overall.  They aren't even the largest foreign owner of our debt.  Even Belgium owns a little less than half what China owns.  Hardly the end of days doomporn scenario they rant about.