National debt surpasses $30 trillion for the first time

How many threads about this are you faggots gonna make?

what the fuck does this shit even mean? it's always been absurdly high.
>oh no, the debt went up
what are the kikes gonna do, decide to collect on it? how will they do that? threaten to whine and subject me to their faggy, nasally voices, or force me to look at their ghoulish features?
this.
can any smart cunt actually describe why this matters and what could happen?

I think banks would stop lending money to the gouvernement which leaves two choices: print more money or lend money from china. But the gouvernement is constatly paying back debt, it's not rampant as you imagine, the rate at which debt increases is simply superior to the rate at which the gvt pays back.

The problem with this is that the interest on the debt also goes up, and eventually the government won't be able to pay as much as the interest increase. And this isn't as far off as you might imagine looking at current numbers.

They will keep printing money until puppets are installed in China, Russia, Iran and North Korea. It could hit a hundred trillion if they want.

onions

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Debt is a good thing, it's a part of economics whether debt owed to citizens or other countries. We can bully the shit out of China because we owe them money. If they try to bully back then they risk not being paid the debt "owed" to them, and then they have to either risk going to war or just saying "okay fine don't pay us..."
The problem is, if your debt grows too big and you don't pay into it significantly enough, people lose their confidence in your ability to continue giving them money. It's a similar mindset to stocks and crypto, if you owe 1 trillion and pay a few billion a month that's a good deal, but if you then owe 10 trillion and are still only paying a few billion a month instead of raising it to 20 billion a month, people get worried and demand you start paying more, and if you can't that leads to obvious problems. No one wants war but there are many alternatives and the threat of war itself even though you do not plan on following up is always used.

If interest rates increase, does that affect the current debt we have or would it just affect new debt going forward? Cause any margin increase on interest for 30 trillion is huge numbers.

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It quite literally does not matter. It never mattered and it's really only used as a half hearted political issue at this point with boomers being ok with overspending literal millions on military contracts then turn around and say we have to worry about the debt.

It's not like anyone can actually force the US to pay up either.

It isn't over yet friend.

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