Why The US Government Isn’t Planning On Paying Off the Debt

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The US debt ceiling seems like it will keep increasing forever! With the US national debt towering over 22 trillion dollars, won’t the Federal Reserve run out of money at one point to pay back these loans. But, it seems like the US Federal Government simply doesn’t care about the skyrocketing debt. We can’t just let the national debt keep increasing or can we?

Timestamps:
0:00 – US debt ceiling increase
0:40 – Just print more money
1:19 – Consequences of paying off debt
2:06 – Impact of cutting costs in the military
3:17 – Impact of cutting “mandatory” costs
3:51 – Impact of increasing income taxes
4:53 – Plausible solution to paying of US debt
5:46 – Consequences of cutting out Medicare
6:52 – State of the US economy when reducing debt
7:34 – International repercussions of reducing debt
7:55 – Positives of reducing the national debt
8:13 – Positives of not reducing the national debt
9:11 – Why debt can be good for the US
10:13 – Real life example of good debt vs bad debt
11:06 – Second real life example of good debt
11:27 – What the US government needs to be careful of
11:43 – Why US doesn’t need to worry about increasing debt

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Will America Ever Be Debt Free, Why The US Government Isn’t Planning On Paying Off the Debt.

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