The National Debt: Last Week Tonight with John Oliver (HBO)

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Prieš 15 dienų

The national debt has long been portrayed as a burden we’re placing on future generations. John Oliver discusses how national debt works, why people are so concerned about it, and why it might be more helpful that you think.
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coda creator
coda creator Prieš 4 minutes
The greatest public expenditures in US history occured under FDR and built the nation that everyone so fondly remembers as Great. The irony of MAGA is that the level of ignorance as to this simple fact is astounding. The GOP uses Abraham Lincoln as the face of the party (which carries its own problems) that united America while completely glossing over the fact that Franklin Delano Roosevelt presided over the most aggressive public investment programs ever which represented the largest transfer of wealth in our history and resulted in our most successful, productive, and prosperous growth in history.
Tgs T.Schuebel Tgs
Tgs T.Schuebel Tgs Prieš 9 minučių
coda creator
coda creator Prieš 12 minučių
A huge factor in debt, spending, and economic health is consumer confidence which can also be expressed as trust in our government and country. The irony is that the more the rich screw the poor, the more unstable and unpredictable the future outcome.
Orange Juice
Orange Juice Prieš 14 minučių
So the question becomes: what is America's credit score?
coda creator
coda creator Prieš 17 minučių
John Stossel flipped his ideology and went totally off the deep end. He's become a Conservative mouthpiece and fear monger. Sort of pulling his own Geraldo.
coda creator
coda creator Prieš 19 minučių
Ted Cruz: Rein in spending. For everyone else. Slip off to Mexico when the SHTF.
coda creator
coda creator Prieš 22 minutes
It all comes down to where the money goes. If it's intended to enrich the top, it's fine. If it's intended to build and lift the bottom, it's potentially destructive.
coda creator
coda creator Prieš 26 minučių
Terror tactics based on business principles applied to government for the express purpose of eliminating public spending like education that increases the earning power of the population in favor of "investment" like the military industrial complex, bank and Wall Street bailouts which does diddly shit for the people.
Lucas Gardezani Abduch
Lucas Gardezani Abduch Prieš 27 minučių
Have you heard of bitcoin? You may be interested on studying its history and also reading "debt: the first 5000 years"
Cassie Prieš 34 minutes
What's your favorite kind of graphic calculator ?! Haha.
AomiNe Prieš 44 minutes
what the hell even is money?! it doesn't have a source, people just made it up by attributing value to certain items but we don't even do that anymore
G Kul
G Kul Prieš val
The riots did happen, pushed with the presence of covid.
G Kul
G Kul Prieš val
Jep, as stated the debt debate is used to create an unequal social equalibrium.
A fat burn victim • 14 years ago
A fat burn victim • 14 years ago Prieš val
And was it about this?
SpruceBruce8 Prieš 2 val
*Dave Ramsey enters the chat* "What is your household income?"
Saurabh gupta
Saurabh gupta Prieš 2 val
Oh the Ted Cruz poem. LOL. He is the worst
benjamin rossignol
benjamin rossignol Prieš 3 val
However, i'm pretty sure if 30% of debt is not refunded, those foreign countries might stop lending more money. Leading to more money printing and a dollar that wouldn't be worth much... Yeah, let's print more. What could go wrong, huh ? Let's bury our heads in the sand, since we can't do anything about it, and nobody knows how it works anyway...
Peter Ellis
Peter Ellis Prieš 3 val
“The face of a man who has a favorite graphing calculator...” I feel a little attacked! :p
blissweb Prieš 3 val
Oh John, I love the show, but on this one, I'm not totally onboard ... First - "Clock" a measuring device resembling a clock for recording things other than time, such as a speedometer, taximeter, or odometer. ....or DEBT. Second - The greek debt hit 126% of GDP sustained. The US debt hit like 102% non-sustained. US predicted ? 130% by 2025. Third - For every decent CEO like Musk at Tesla, borrowing wisely, there is another like the idiot at Uber who could collapse his House of Cards company at any second. Fourth - Interest rates go up as well as down. We all have that friend with the variable rate mortgage on his mansion. So, I would say ... Feel free to worry about it. Greece can, and probably will happen otherwise. And there's a lot more guns in the USA.
the physics guy
the physics guy Prieš 4 val
21:20 what the HELL did you just make me watch keep your demon children from the future away from republican national debt commercials and out of my Christian Minecraft server
Jackie371 Prieš 5 val
13:05 & that's a poem, Durst!
Kenji Sakamoto
Kenji Sakamoto Prieš 5 val
That outro though, they put in work.
Mista Z
Mista Z Prieš 9 val
Under clinton, the budget was balanced and there was a surplus for an unprecedented 4 consecutive years in a row. The deficit and balanced budget were big issues in the 1992 and 1996 elections. Clinton raised taxes on corporations and the wealthy, which helped pave the way for the eventual surpluses. These surpluses were in part used to pay off social security and medicare
Azel Beckner
Azel Beckner Prieš 10 val
A way to cut the national debt . Have equal amount added for each amount spent.
Michael Hale
Michael Hale Prieš 10 val
Stop spending on anything besides national defense and restrict defense spending to a balanced budget. Everything else moves to the private sector. Problem solved.
Jeff Neufeld
Jeff Neufeld Prieš 11 val
Brilliant as usual 👍
juan cuello espinosa
juan cuello espinosa Prieš 12 val
ooh, a lefty talking about debt. not to say republicans are any better at it when they're in control either
Keyser Soze
Keyser Soze Prieš 12 val
John we need less government! All politicians are crooks!
Caroline Hart
Caroline Hart Prieš 12 val
NEXT for Autism works closely with Center for Autism and the Developing Brain (1) at NewYork-Presbyrterian Hospital. Center for Autism and the Developing Brain openly states in it's mission statement: "conducting research that enhances the understanding of... prevention of autism spectrum disorders" (2). This organization runs on the core belief that autistics should be eradicated by means of prevention. This is eugenics! PLEASE WITHDRAW YOUR SUPPORT FROM COLOR THE SPECTRUM Please consider donating to autistic-founded & autistic-led non-profits instead! Two great organizations are: - Autistic Women and Nonbinary Network, or - Autistic Self Advocacy Network Sources (1) (2)
Jeffrey Rolek
Jeffrey Rolek Prieš 12 val
This John Oliver video is a huge hit on the Daily Stormer.
Garett Saltvick
Garett Saltvick Prieš 13 val
The reason big Corporation get more money in tax cut is because they spend more on taxes
BeeKindRewind Prieš 13 val
Honestly, we should not be borrowing too much... unless it's for health or to recover from this. The future is uncertain. WHY take more risks after this pandemic? Recover first please. Then we can have this conversation.
Geraldo Luiz
Geraldo Luiz Prieš 15 val
The fact is that at the en of the day The USA is NOT creating debt to built a better future. The USA is using debt to finance short term consumption.
Michael Gainer
Michael Gainer Prieš 15 val
typical immature discussion, even ended with children saying "grow the fuck up". I think they were talking to Oliver. No discussion of the US currency being the reserve currency of the world, making our currency in much greater demand than any other to include the Euro. This comedy bit failed to even scratch the surface of the debate on debt.
Polymath Level8
Polymath Level8 Prieš 15 val
I can predict with listening that Oliver will dismiss the debt a s a non issue. He's an agent of corporate media, and they collect interest on the debt. So both parties increase it using various excuses.
Nathanael De Rosario
Nathanael De Rosario Prieš 15 val
Please do a show on this disgrace that is the European Super League...
Geraldo Luiz
Geraldo Luiz Prieš 15 val
Well, it is true but not the whole truth. There's another reason why US debt hasn't cause the same problem as in Greece: US dollar as an internacional currency. That means when US "prints" Money some of these don't stay in US and do not create inflation. He did not mention it! It would be very diferent if the US dollar wasn't an internacional trade currency like many others around the world are not. Including the chinese Money, for instance. China can not afford to run the same amount (in terms of GDP) of debt as US deu the fact that it would translate into inflation faster than in US case. And as most things there is a good and a bad side in both cases. The good side for China is it forces them to be more carefull about their nacional deficits and debt and the bad side for US is the opposite considering that a large portion of US dollars do not stay inside US it gives american monetary policy makers much more room to create debt without having to face the consequences of it like the people in Greece. But how much room? For how long they will be able to do that? That's the million dollar question....
sun flower
sun flower Prieš 16 val
Politicians always lie about everything. They play dirty politics on people. Never trust them.
Mark Vasiloff
Mark Vasiloff Prieš 17 val
Yawn 🥱.
Mister G
Mister G Prieš 17 val
So...... NOBODY is going to talk about pillow number 1 and pillow number wife? Just me? Ok.
Rose Madder
Rose Madder Prieš 18 val
We already screwed our great grandkids with the climate anyway..
james small
james small Prieš 18 val
Re ii
Scott Shaw
Scott Shaw Prieš 19 val
The Duke actually does appear in all of the novels..... And its only in his character to not knock up someone, if anything he self-destructively finishes what he started, otherwise why would he almost get killed in a duel?
Pythonidae Praeceptor
Pythonidae Praeceptor Prieš 20 val
Liberals actually are capable of talking about the national debt during their presidencies... Let's just hope that they actually do something about it, instead of just talk XD
IMCR Prieš 21 val
Look at Sweden 1992... borrowing your way out of a crisis doesn't work, neither ignoring that it's coming you god damn simple Americans
Bill Bolser
Bill Bolser Prieš 21 val
Come on people pull you head out. National Debt is a myth, Our Debt is a fictional concept. If it was real gas would be about two thousand five hundred dollars. So fuck the debt.
Charles Amaral
Charles Amaral Prieš 22 val
Trump added 7.5 Trillion to that Debt in 4 Yr.'s and the GOP helped in every way.
John Mithen
John Mithen Prieš 22 val
This guy is a liberal mouth piece!
Seth Britton
Seth Britton Prieš 19 val
That's really bot a rebuttal- is he lying or misrepresenting something? Does your chosen school of thought have any proof of its correctness on this topic?
RobinsonMedia Prieš 23 val
Is this dude serious?
Luke Thibodaux
Luke Thibodaux Prieš 23 val
I have been pointing out the double standard of the Republican party for years, only a fool would think this is anything but a political game that they are playing, which as a fiscal conservative troubles me deeply. I know that there is a lively debate to be had about when debt should be used but I am one of those people who considers it a last resort, bought my car in cash and my last two houses in cash all on a $2,200/mo income, so I really believe in saving for what you need and not charging it on a card and I REALLY wish that either party could be as responsible as a well managed household. So Biden's "infrastructure" plan which is only 6% for roads and bridges seems like a looser to me, the other 94% seems like pork barrel projects and pandering and those of us in small town America will get nothing but higher taxes and the resulting inflation. I am all for cutting out the tax loopholes for mega corporations (aka "the job creators" according to the Republican LOL) and the 6% going to repairing actual hard infrastructure but the rest of that is just wasteful junk IMHO.
Harry Banks
Harry Banks Prieš 23 val
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Jeffree Hendrix
Jeffree Hendrix Prieš 22 val
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Johnathan Marshall
Johnathan Marshall Prieš 23 val
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Clayton Erick
Clayton Erick Prieš 23 val
@Harry Banks the commission charged by mrs martina rodriguez is fair compared to the effort she puts in making huge profits
Harry Banks
Harry Banks Prieš 23 val
Harry Banks
Harry Banks Prieš 23 val
@Erik Dominick you can contact her on teIegram via
soinu foig
soinu foig Prieš 23 val
What's your favorite kind of graphic calculator ?! Haha.
Mikoto Misaka
Mikoto Misaka Prieš dieną
You know this is a rare John Oliver episode. Instead of pointing out something miserable, he literally pointed at the National Debt and said "Guess what, it's not as bad as you think! In fact it's way better and growing the economy!"
Michael Patton
Michael Patton Prieš 9 val
Alpha Bravo
Alpha Bravo Prieš dieną
Liberal propaganda from a liberal, aimed at liberals. Nothing he said is true. His belief system is based on emotions that have their genesis in desire to shed the reality of the situation.
Seth Britton
Seth Britton Prieš 19 val
Kay. Point out a mistatement or a lie. If it's so easy to dismiss, it should be triply easy to dismantle it. Pull the thread, point out the lie. Does the Debt Clock actually count as a clock? How much our debt does China own? Etc. Etc.
Scott Chelmford
Scott Chelmford Prieš dieną
our currency is essentially worthless as it is tied to nothing of value and its supply is controlled by private interests.
Otis Spunkmeyer
Otis Spunkmeyer Prieš dieną
This is ruling class propaganda. And people think it’s funny. Amazing.
sala320 Prieš dieną
Dumb puppet
Gustavo B.
Gustavo B. Prieš dieną
I've generally approached this show with superficial knowledge of the subject at hand... pretty much all the time, and I have taken a comedians opinion, John Oliver, pretty much at face value. On this matter, on the other hand, things get tricky VERY quickly. The US has the planets TRUST it will honor its debt, and that WHY it can offer BONDS at such low rates. The dollar is the facto currency in international trade, another great advantage. If China pulls of this One Belt initiative and pushes the dollar outside as the international reserve currency and the Great US of A has, at the same time, an economic crisis, then interest will increase... and with that, every single American is, then, FUCKED. Too many IFFs in what I said... but for sure it is not all rosy BS like John Oliver is portraying...
Nico Martín
Nico Martín Prieš dieną
+"Please uncle Sam, stop digging", -"BUT I SMELL OIL!"
Jack Gaines
Jack Gaines Prieš dieną
John, you and you’re team have constructed better arguments on other issues. This one came out to moral equivalency verses discussing the percentage of national debt compared to the GDP and how it narrows the dollar value and puts the nation’s economic system at risk if the interest rate climbed over 5 percent. The reason the interest payment went down is that the debt was refinanced during the last administration. It makes the debt load easier to manage, but if interest rates increase, it would collapses the financial markets. It’s a slippery slope.
pacojoe1 Prieš dieną
If you don't accept Modern Monetary Theory, grow the f*ck up!
abeezer kachwala
abeezer kachwala Prieš dieną
Hi john, please do an episode on India's horrific covid situation. Our politicians are still doing huge rallies, and we are facing massive shortages of beds, oxygen, medicines available. Govt is not reporting accurate deaths accross country.. I urge u make an episode n spread awareness
Mathew Thomas
Mathew Thomas Prieš dieną
John Rice
John Rice Prieš dieną
I wish John Oliver fans who only get thier news from him and cnn would branch out to fox News or Newsmax. Because the truth lies in between from both.
Kit Kat
Kit Kat Prieš dieną
Awesome and very informative video.
H H Prieš dieną
Fu yt. JO is going to eat this vid with a bullet from some random poor guy who can't afford a $25 bigmac meal in 2023.
WanderCampesino Prieš dieną
“And other social programs”
T B Prieš dieną
Least Trending
Least Trending Prieš dieną
Dispite what he says debt isnt good
Least Trending
Least Trending Prieš dieną
Its ok now obiden is in office china can just have our national parks
washabi nutter
washabi nutter Prieš dieną
leon leon
leon leon Prieš dieną
pause at 21:28, you will be surprised.
GetMonero DotOrg
GetMonero DotOrg Prieš dieną
The national debt is a problem and the best hedges against it destroying your wealth are for you to own cryptocurrencies like Bitcoin, Ether, and Monero.
Romuald Sidorowicz
Romuald Sidorowicz Prieš dieną
Cryptocurrencies are not a hedge against the national debt; they're just another factor that increases it, dummy.
Jason Beacham
Jason Beacham Prieš dieną
See guys everything’s fine the lefts internet entertainers tell you so 😄
Eduardo Garrido
Eduardo Garrido Prieš dieną
Dear John, let me give you a small fact. In 2020 (last year in the middle of a pandemic) meanwhile, in the USA the gas was valued at zero, here in Chile, we paid 1dollar for one liter of gas. So why we paid 1 US dollar for one liter of gas meanwhile you, on your value market valued at zero? My theory is that we, the small associated countries, we are paying for your inflation (USA inflation) and when the economic American bubble burst not only you, the USA, are gonna be fucked, so we're gonna be fucked too. I'm not an economist, I'm just presenting what I see.
Brooke Bennerup
Brooke Bennerup Prieš dieną
Brooke Bennerup
Brooke Bennerup Prieš dieną
Brooke Bennerup
Brooke Bennerup Prieš dieną
CassiusTrevize Prieš dieną
Three words: Modern Monetary Theory
Allostasis Prieš dieną
16:28 Wow, telling moment right there.
Dylan Woods
Dylan Woods Prieš dieną
Kinda like how the show starts with him ripping on a dead man who attempted to bring awareness to the crushing us debt, stay classy oliver. Used to enjoy this show now it seems like he baselessly try's to tear people down under the cruise of comedy, bad comedy at that
Brown carey
Brown carey Prieš dieną
Please can I invest in Bitcoin on my own, I have been practicing on my demo trading account, I don’t want to make any mistake whatsoever
Jackson Alvin
Jackson Alvin Prieš dieną
Build your future, small steps everyday, success is a will be successful!!
Jackson Alvin
Jackson Alvin Prieš dieną
some people are so poor and been that way for so long that they lose their self confidence and belief
Dannis Mark
Dannis Mark Prieš dieną
I have already contacted her and she attends to me nicel
Dannis Mark
Dannis Mark Prieš dieną
All nice recommendation
Joel Lambert
Joel Lambert Prieš dieną
Mrs Shirley Canfield works like magic I think she deserves a honour
A Anan
A Anan Prieš dieną
Economists DO KNOW why the interest rate is lowering. It ALL revolves around the central bank system. ALL central banks are independently owned (non governmental) and loan out each country's currency. It's the ONLY reason there is national debt period. The reason the interest rate goes down is based solely on the gdp and if it appears to the central bank that the nation won't be able to repay the full amount, or even goes bankrupt, the central bank still wants to get their money back. So just like a credit card where you can't pay it back, the credit card company sells your debt to someone else who then uses their own way of collecting the money. The problem is when you're the company who actually MAKES THE MONEY, there's no one else to sell the debt to (except another central bank, which is how china and japan own part of u.s. debt) But, as we all know, the u.s. dollar is still extremely valuable to the rest of the world's marketplaces. And, so to keep the dollar from becoming absolutely worthless, the u.s. central bank lowers the interest rate to keep the u.s. on the hook to keep printing out more dollars (digital) and make the interest low enough to keep making those basic monthly payments and not go into bankruptcy, making the dollar worthless and making thousands of wealthy elites penniless. The central bank will milk the dollar system as long as humanly possible and will only switch currency after the nearly complete collapse of this currency we are 30+ trillion in debt with.
Andrew Meronek
Andrew Meronek Prieš dieną
The whole "if" inflation rises is missing a huge angle: inflation *IS* increasing drastically. The very fact of basic cost of living for "working class" people not rising combined with super-rich people getting very much richer means that inflation is happening. But it is not currently being felt the same across all sectors of economies. The problem with such inflation is that eventually there will be a correction. Also: "basic cost of living for working class" does not mean our working classes still pay the same for big expenses like health care, education, and housing, which have all been increasing as one would expect in an inflationary period.
Ricky Prieš dieną
Maybe reviving a Chinese mage, mathematician, or treasurer from their past empires would help us figure out debt crisis.
Brad To
Brad To Prieš dieną
The "debt" isn't helpful, the money we get in exchange for the debt is. I think the point people are making is that it is probably better to not spend money on things that we do not need.
0ld Matty
0ld Matty Prieš dieną
This dude thinks raising taxes fixes everything 🤣
Michael Patton
Michael Patton Prieš 9 val
Hahaha especially since the government is so good at spending it wisely
Robert Lee
Robert Lee Prieš dieną
You definitely are not an economist we agree on that the feds one and only tool is interest rates but once they are at zero that to no longer works.
Robert Lee
Robert Lee Prieš dieną
How can the sky sit there with a straight face saying this nonsense when the global economy is on the verge of collapse mark my words those worthless paper rectangles are only going to be good for starting fires and wiping your ass before the midterms in 2022. You should take as many loans as you can up to your limit and buy things like bullets and non-perishable food and if you live in a big city I feel sorry for you. I hope everyone's ready for hyperinflation because it's coming
Robert Lee
Robert Lee Prieš dieną
What a bunch of nonsense, building factories would imply did we actually manufacture things still. When was the last time you bought something that said made in America? It's a Ponzi scheme and with Americans having a birth rate well below replacement rates means it's unsustainable without importing huge amounts of people at a rate that makes it impossible to assimilate. You keep telling yourself all that BS if you like but you're not going to convince me. I was born at night but it wasn't last night. The idea that a service economy is going to be our new engine of growth is a joke. Service jobs are low-paying low-skilled McJobs for teenagers, here in America all the jobs in the coming decades are going to be in two sectors IT and Healthcare so if you don't write code you'll be wiping Boomer butts. And one question for you mister I got all the answers where the hell are you from anyhow? Is that a Texas accent I hear or maybe from somewhere in New England area, no that's a Wall Street accent for sure. LMFAO
Gerhardus van wilgen
Gerhardus van wilgen Prieš dieną
So those 74m still identify with the plantation based owners class?
Marcus Price
Marcus Price Prieš dieną
I think it’s funny that at the end we are being told to not use children as pawns, yet we are expected to tolerate the likes of Greta Thunberg....
Seth Britton
Seth Britton Prieš dieną
Who's using her as a pawn now? Are you just mad because you're outdone by a high school girl?
Matt Corriere
Matt Corriere Prieš dieną
Wow. 8.5 minutes before calling Republicans racist. That must be some kind of record. If your argument includes calling people who you disagree with racist you don't have an argument.
Seth Britton
Seth Britton Prieš dieną
@Matt Corriere Hey look at that, you went and moved your own goalpost- at least we're making progress and you're now acknowledging that some of the worst parts of our history are real now. And you even acknowledge the drive for that awful and inexcusable behavior. Now you're just pretending that America was the least bad about it, in spite of the evidence indicating that at best America was no better. Also, I can't help but notice how your posts are liberally peppered with excuses for that behavior, as though you're well aware that it's not great or good, and you're still desperately trying to blame the victims of that behavior. You saying that these people deserved redlining and enslavement and all the active oppression that they are still now going through is.... Well, that's the sound your pride makes to cover the noises your soul is making for obvious injustice.
Matt Corriere
Matt Corriere Prieš dieną
@Seth Britton I know our history very well and do not deny that bad things happened in our country. I know about all the things that you listed but I stand by my statement, American is the least racist country in the world. Slavery has existed from the moment man became aware of is death. There is nothing special about the slavery that existed in the American colonies. Human history is literally the story of one group of people using force to control another group of people to gain resources. There are open slave markets in Africa now. There is genocide happening in China right now. In North Korea people held prisoner in a country they cant leave. In Venezuela women and young girls are left with no option but sex work to feed themselves. There are bad things happening now all over the world. That is the story of humanity. Diversity equals wars, always has always will. That's not racism, it's in group preference. Every group of people whats to ensure the survival of their genetics. American has universal ethics that extend past an individuals race. Jews are some of the most disliked people in the world but in America they have found success. Sometimes someone does hurts or kill some Jews but overall they live in peace and without fear of the government rounding them up. People immigrate to America and if they bring a work ethic they will do just fine. I live in Alaska and there is a large Philapio population here and they work hard and don't cause trouble or commit crimes and have done well. No one cares about their race. People don't like bad behavior and that's what they react to, not their race. I dislike all people who harm others regardless of their race. Maybe the crap you have been feed in public schools, universities, and media servers someone intrest who what's a race war.
Seth Britton
Seth Britton Prieš dieną
@Matt Corriere Dude, it's cute how ignorant you are of our history. It must be nice. On the other hand, your language is not very hidden at all. I will assume it's borne of ignorance first, even though I really shouldn't. Look up 'Redlining'. Look up 'Black Wallstreet'. You might also check in on the Tuskegee Syphilis Experiment. There is a trend you might notice. Just a small one.
Matt Corriere
Matt Corriere Prieš dieną
@Seth Britton the fact you think all the racist people have a secret code language (dog whistle) they speak in tells me a lot about you. American while not perfect is the least racist (your word not mine) country in the world. Judge the individual by their Character and not their immutable differences. I find people who are on the left to be obsessed with race and sex while most people just don't care. People may oppose legislation for other than race but you just assume that its because of race.
Seth Britton
Seth Britton Prieš dieną
@Matt Corriere That's one way to try and duck out of the atrocities of our shared history- pretend it doesn't exist while simultaneously blaming the victims for being hurt by it. You must be a treat at parties.
Edjumicated_ Gamer
Edjumicated_ Gamer Prieš dieną
Moon Magic
Moon Magic Prieš dieną
The drop in interest isn't that wild, America has what is essentially the baseline currency for a huge portion of the globe. Besides, who the hell would force America to pay? And how?
Moon Magic
Moon Magic Prieš dieną
@Brad To It's not even about morality, it's just the reality of the situation.
Moon Magic
Moon Magic Prieš dieną
@Brad To debt isn't theft, and even if it was, if someone robs you, you can call the police. What policing force can be realistically called on the United States?
Brad To
Brad To Prieš dieną
Yes, if someone robs you and you are unable to get your money back, it is okay because you cannot do anything about it. The fact that you are unable to get it back means it is okay to rob people.
sherparoyale Prieš dieną
Amazing how I could’ve predicted he’d support the debt. We have to pay debt back either through a surplus or taxes. And we’re spending way too much and have created a moral hazard in that “everything we spend on is ok”. We’re spending like we’ve won the lottery and as everyone knows, anyone who has won the lottery ends up bankrupt in the end.
Seth Britton
Seth Britton Prieš dieną
Countries don't retire. They only function for as long as they keep currency flowing. They do that by cultivating resources, generating jobs and employment, maintaining crucial infrastructure and supporting its living population. The US is not going to ever be able to go into retirement- functionally, the US is a machine that we either maintain or watch fall apart, and we have to constantly tune the thing to keep it giving optimal growth and output for all participants. (Currently, the engine is not very well optimized because the current economic model is currently attempting to burn everything down for the profit of a few private citizens over the wellbeing of the country and world.
mattman100x Prieš dieną
John the Federal Reserve sets the interest rate at super low rates as a measure to protect financial instruments from having to pay too much out in interest. That's why we don't pay much on the federal deficit. This is a double edge sword, however. Because Interest Rates are so low, that makes borrowing easier. That creates a feedback loop that makes it easier to take on more debt. However, this also means that the Federal Reserve cannot increase interest rates. This is because if the interest rates were raised then payments on the debt, which is at disastrous levels, also rise. The reason why we can get away with this is that the USD is tied to petro, American financial institutions reign supreme, and that Western societies put up with this so that way our economy collapsing does not take out theirs. I would caution against continuing this path because we don't know what will happen if we continue to spend ourselves into oblivion. Yes I agree spending to create is good but we've been doing that for so long (or at least 'attempted' too with voodoo supply-side Reaganomics) that we need to figure out and pay our debts. We don't know what will happen if other countries get tired of our antics and decide to punish us by demanding their money back. We don't know what the economic fallout will be when we tell them no. Holding large amounts of debt is almost never good for anybody ever.
R Prieš dieną
When John Oliver is telling you not to worry about the national debt, you should be very worried about the national debt 😂 This guy is clearly taking crazy pills
zijuiy wttuy
zijuiy wttuy Prieš dieną
was convinced the rhyme was going to be “I do not like him in these wreathes, I do not like him when he breathes”
nopetanker Prieš dieną
As much as I like John Oliver on many issues, economics isn't one. If you want to learn and truly understand how debt-based economics works and how it always leads to a bigger disaster, learn Austrian economics. Read up on monetary history, government spending, and especially the Federal Reserve on how they're printing money to finance US debt.
Jason Smith
Jason Smith Prieš dieną
What happens if inflation sets in and we are required to raise interest rates to combat rising inflation?
Carl Williams
Carl Williams Prieš dieną
This show used to be amazing. The jokes the first time around were really fucking good. The extent that they helped explain problems in the country with as tiny amount of political bias as they were capable of doing (for being as neo-lib as they are) helped alot of people i guess at minimum recite talking points. Thow now still has the ability to do this but its just at the cost of cringe and recylced bits. Theres maybe 3-4 types of jokes they use just over and over again. "oh wow found this item on the internet" describes it in more detail "cause guess what.. i have it! I have the funny item!! Look at me!! Im so sporadic". I'm just going to watch the rest of the episode i bet ill be able to find the same 3 setups and deliveries im talking about. Fuck i just want to watch the episode again. Off the top of my head these are the jokes: 2) something happens in a clip they show, John Oliver stares at camera only to say with zero emotion "sick" 3) long long over exaggerated version of what could have happened where john oliver gets more and more emotionally involved as the story goes on you finally look up 3 or 4 minutes has gone by. Was it to fill time? was it just laziness that the writers dont want to come up with any new concept that they dont have to make a joke based on the actual substance of what theyre talking about? Idk - Example: Melania fixing car in the rain bit 4) Using slang that communities that are usually opressed use "slay queen!" 5) talking about internet trends he clearly has no idea about and u can tell by howout of touch he seems The shows not inherently bad, its just so try hard while simultaneously not trying anything new at all. Just classic liberal cringe.
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