Impact of U.S. debt on Generation Z

1. Protection for your own sake

2. Locked in yo basement very smart tiny little brain 🧠 storming

3. Be a rduos safe bet savings on a indefinitely now and forever

4. The refusal to pay higher taxes transfers the burden to future generations, WHILE forcing government to borrow that same money and pay interest to current generations. It is a wealth transfer from youngest to oldest, and from the poorest to the richest. Everything about how boomers have set up the American economy is as regressive as it is immoral.

5. Why is this guy still a news anchor? No one can understand what he is saying! 🙄

6. Trump 2024

7. Everyone should take out as much student loans and credit card debt as possible, buy crypto with the money you earn while debt covers your living expenses, and refuse to pay anything back until the system breaks. Personal defecit spending. Just like our government haha.

8. The old geeks made sure to mess everything up for us before they took their dirt nap

9. Honey, the Interest on the fictional "National Debt" can only go one place and that is back into the U.S. Economy, want it Back? Tax it out. These Folks somehow always seem to forget that the U.S. Gov't has an attendent $25 Trillion Economy it controls and the U.S. Dollars never leave the U.S. Financial System which includes the U.S. Economy. China can only Spend its U.S. Dollars in one Place, the U.S. Economy and Financial System. They all stay in a Bank in New York City.

10. Global Warming is what is destroying young Peoples Futures not some fictional National Debt. Frank Newman, former Deputy Secretary of the US Treasury, talking about the US national debt. The US national debt is nothing more than the sum of outstanding Treasury bonds. People often think of the national debt as if it were a credit card loan, but this is wrong. The federal budget works nothing like a household budget, and the national debt works nothing like a household debt.

    A Treasury security (like a bond, bill, or note) is an asset that an investor can hold to earn interest. It is functionally equivalent to a savings account (specifically a Certificate of Deposit): you give up dollars today, you get them back after a fixed amount of time, plus interest.

    And they get created and paid back exactly the way a savings account does at a bank. If you purchase a CD from your bank, the bank debits your checking account, and credits your savings account. When the CD matures, the bank debits this savings account, and credits your checking account. Same with a Treasury security. If you buy one, the government (specifically the Federal Reserve) will debit your bank account, and credit a "securities account" in your name. When the bond matures, the Fed will debit the securities account, and credit your checking account.

    It's true that we need to pay back the debt. And we do this, every single day: as bonds mature, the Fed debits the securities accounts, and credits people's checking accounts. And then, frequently, new bonds are sold to other people, whoever would prefer to hold their savings in bond form rather than deposit form.

11. "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 Securit

12. The United States Government is not "Revenue Constrained". The only restraint on a Sovereign Currency Government with an attendant $25 Trillion Economy is "Are the Resources, the real Goods and Services in the Economy available, which the created Funds would be used to Purchase." Corporate Media needs to learn some #MMT.

13. Younger generation will take on the tab.

14. This makes no sense, no country would ever lend the US billions of dollars over the long term at record low interest rates, they’d do the forecast and risk calculations just like your local bank.

15. Start taxing rich private equity owners and giant corporations. That’s how you get rid of the deficit. And stop overspending on the military.

16. Borrowing more money wont get us out of this it will put us in the ground deeper

17. I cringe when I hear that lady explains the debt and deficits. She is brainwashing the public with the way she is twisting things. Government doesn't have to spend most of the money it is spending. Inflation is only going to get worse, and they are going start taxing more on top of higher inflation. This country is going to sh!t real fast. Also the Treasury borrowed short, because short term doesn't effect interest rates for the private or corporate interest rates. If the treasury issued a bunch of long term debt it would have caused interest rates in private markets to spike higher and faster. Treasury was being short sighted like the government and most Americans, they only cared about the quality of life in the now.

18. In America what do you actually get for all these high taxes? Then Taxed again on property, city, county, gasoline, utilities, car registration, insurance, and on and on and on?

19. In 2010 I was able to rent a four bedroom house for $900 a month now that same property would cost 3 to 4 grand. This is not fair for the younger generation.

20. This government does NOT care about spending. Thats why we have abunch of useless programs that we the people are "obligated" to pay for. 100 trillion lets goooooooooo!

21. How much will it be in 3 months from now? How fast is it going up?

22. Is it true that the democrats will raise the debt to $50 trillion, then let the conservatives fix it?

23. More taxes for the middle class for military bases all over the world, freedom aids for ukraine and israel. Plus someone has to pay extra money because the gov bans Russian oils and metals, that increases the price said oils and metals.

24. then you end up with a hopeless doomer generation working for practically no reward haha, COOKED!

25. F’em, lol

26. Boomers had the weakest generation

    They love talking about how life was “hard” for them. But actually life was easy asf for them

27. No one who doesn’t need it should get social security. It’s a welfare program.

28. Hold gold and silver- Real money not this monopoly paper

29. Boomers had too too easy

30. “Mistakes” lol yeah I’m sure Harvard educated economists accidentally pumped and spent trillions yeah right!

31. They can thank Biden and the other house plant

32. Boomers are the luckiest generation fr

33. A broke boomer is like someone who won the lottery and went broke shortly after. No sympathy from me, they squandered away economic prosperity and left us in ruins, now we got to pay more for them and they’ll simultaneously disrespect us, can they just fade off already my god, they are an absolute burden.

34. Great information and very accurate depiction of what happened.

    I actually disagree partially on her take; I believe the federal government will be forced to lower interest rates significantly (to avoid paying high interest on the maturing debt). There’s a lot of debt maturing this year so I expect rates will be reduced a lot this next 1-2 yrs. If rates don’t come down, lord have mercy on the US economy!

35. Congress should do there job. Lay and collect taxes or just keep borrowing from those that have too much.

36. It is not any generation's fault. It is from wreckless spending by our government. If you look back just 10 years the national debt was roughly half of where it is now. How many trillion dollar bills has congress passed? We have handed hundreds of billions out in foreign aid as well. The interest alone is a trillion dollars every 100 days now. It is sad we borrow money and pay interest on it then hand it out in foreign aid.

37. Average age of a senator, we know who did this. Communism isn't the answer though.

38. Every young generation foots the bill. The Republican Iraq wars cost my generation trillions.

39. I'm 23. See reports like this and seeing the crap show the older generations left the country for my generation to pick up? I give a big middle finger to society and their expectation for me to be a work rat and go into debt for luxuries. I'm going to focus on my real passions which is music and art which will not encourage debt. I'm fine with working a job that WON'T pay me 6 figures. How do I make that work? By saving money at the rate I am, not buying more house than I need, cooking so much more than I eat out, not getting my masters and taking loans out for it, and by adopting instead of bringing children into the world. I'm glad more people my age are also recognizing the real truth about the future and just focusing on what really makes them happy. Instead of listening to what society tells us what we should be happy about.

40. Boomers: Go to college or you won’t be able to get a job
    Also boomers: Why did you go to college when you know it’s expensive

41. Is the debt even real? If we create money out of thin air, why can't we delete the debt?

42. Uhh how about bringing some real blue collared gen z people on the show if you want their honest opinion. I mean my co worker working 2 jobs his wife 1 and he had move in with his in-laws can’t afford kids or a home that’s America’s future.

43. Stop paying taxes. Stop filing every year. There aren’t enough armed IRS agents to harass all of us.

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