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

  • Paskelbta Prieš 11 dienų

    LastWeekTonight

    Trukmė: 22:26

    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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Gruntslayer 35
Gruntslayer 35

The TI-nspire should definitely be everyone’s favorite graphing calculator

Prieš 11 minučių
Nicolle Salazar
Nicolle Salazar

Thank you so much for teaching me about this. The national debt seems like a vagary and politicians throw it around to fearmonger, of course. It's good to know I actually understand what this issue is. You're the best, John

Prieš 13 minučių
mule gebre
mule gebre

"Sick flamethrower Bro"

Prieš 50 minučių
john smith
john smith

So basically Republicans lie. And water is wet. More news at eleven!

Prieš val
Madi
Madi

Also, as a 90s millennial, the older generations already fucked us over in so many other ways. Why is national debt the thing yall care about?

Prieš val
HeyMildred
HeyMildred

Did Reagan really cut food stamps, welfare, and Medicaid though? As a conservative, I certainly wish that he did, but I'm not sure the data proves any of that out. Plus Democrats controlled Congress during the 80's and I don't recall them agreeing to any of Reagan's budget cuts. Entitlement spending rose significantly in the 80's - it wasn't until the 90's that we saw real entitlement reform with Clinton and Newt.

Prieš 2 val
ainol 9 novo spark
ainol 9 novo spark

want to laugh? My country's (Italy) debt is 133% of national GDP. I don't know how anyone can take us seriously.

Prieš 4 val
Doctor Beanis
Doctor Beanis

What's your favorite kind of graphic calculator ?! Haha.

Prieš 5 val
KK B
KK B

Can't imagine, John Oliver speak like a perpetual loan defaulter.

Prieš 7 val
Joshua Bowen
Joshua Bowen

I think this is the only time I've seen a "nahhhhhh, its fine" episode from this show. How fitting.

Prieš 7 val
wwiinnggnnuutt
wwiinnggnnuutt

Best commercial ever. You should put it on Tic Tok. 😂😂😂

Prieš 8 val
Jonathan
Jonathan

For the government to spend money to "grow the economy" they have to take money out of the economy in the form of taxes. And I think the economy would probably know better when to do with it in order to grow itself. So the gist of the show is "rich people have plenty of money to take from and stop scaring people with the word debt". In 2020, the government send was $6-6.6Trillion. If you take all the rich people who are US citizens, line them up against the wall communist-style and take all their money away, you might be able to pay for the first 4-6 months of the year. What will you do after that?

Prieš 8 val
thehighlander333
thehighlander333

I miss the studio audience 😔

Prieš 8 val
wsrtwetr
wsrtwetr

That Ted Cruz poem is classic

Prieš 8 val
Evelien Heerens
Evelien Heerens

Funny that the party that built the system that plummets every student into lifeling debt for getting an education that is worth less every year but that you can't get a job without, wants to talk about the debt that kids will have. Maybe we should feel that way about things like medical debt and a failing wellfare system instead.

Prieš 8 val
João Nunes
João Nunes

Funny like when Trump was in office the USA debt look like a the space shuttle going up...and now they are complaining?

Prieš 9 val
LightlySalted Calming Vlogs and ASMR
LightlySalted Calming Vlogs and ASMR

America is run like a very shitty business it goes into debt just to give some of it's executives (big company heads) a giant payday while laying off it's employees (having the majority of people in poverty)

Prieš 10 val
Kevin Egan
Kevin Egan

ur the goat john i wrote a rap and used your name to reference cool things thanks my dude

Prieš 10 val
Andrew Longhofer
Andrew Longhofer

re: Greece—there are three reasons that we didn’t have riots: 1) they weren’t rioting over interest rates—they were rioting over the social safety net cuts that were a condition of the loans and they received. we’d riot too if someone said “okay, sure, we’ll keep your economy alive—but you don’t get social security even though we’re not cutting your social security tax.” 2) the federal reserve—aka the US government—issues dollars, and borrows in dollars. the Greek government borrows in Euros, which are issued by the ECB. The Greek government doesn’t have the ability to issue new dollars to pay it off (not that it would be a good idea to do it all at once, but it’s, you know, possible) and thus the actual amount they owe relative to the purchasing power of a Euro is controlled by someone else. Our credit didn’t take a hit because...money machine can always go brrr. 3) the increased borrowing cost led to demand-side inflation, because the cost of doing business (and therefore buying things from businesses) also went up. Sure, there weren’t more Euros being printed (well, not many—debt arguably does create new money), but consumer prices went up locally in a way totally out of proportion to other Eurozone countries. would love a Modern Monetary Theory followup to this.

Prieš 10 val
Dominic Ventre
Dominic Ventre

This troll of a human being is so misleading. He cherry picks information for his libtard audience

Prieš 10 val
Aykhan Salmanov
Aykhan Salmanov

Comment

Prieš 11 val
Misheru GP
Misheru GP

That poem sucked! 😂

Prieš 11 val
David Smith
David Smith

Love John Oliver and he's totally right about the Republican hypocrisy and the need for the right kind of investment (especially post pandemic) but I'm afraid he's doing a massive disservice by downplaying the eventual impact of our country's wasteful, unsustainable and completely out of control spending.

Prieš 11 val
Mjoy Yourself
Mjoy Yourself

One of the best places to get news!!!❤️❤️💜💜

Prieš 12 val
Diana Harris
Diana Harris

Come on we all know the Republicans are no more than BIG CRYBABIES TRYING TO SINK BIDEN & HARRIS DEMOCRATS. I'm 63yrs old and have seen so much with Congress. Biden works for we the people and these Republicans only work for themselves.

Prieš 13 val
Alex David
Alex David

stop giving money to other countries duhhhhh

Prieš 13 val
Chuck Itall
Chuck Itall

But Israel needs to protect itself from its own created existential terror and manufactured enemy's, and the money helps them fund their lobby that intimidate the politicians to look the other way.

Prieš 12 val
Josh Hawthorne
Josh Hawthorne

It seems like a bubble.

Prieš 13 val
Brennan Ingram
Brennan Ingram

meh.. he should have stephanie kelton on

Prieš 14 val
Ross Vegas
Ross Vegas

The children and grandchildren thing is clearly just performative. If they *really* cared about the future of their children and grandchildren, they would start trying to do something about the fucking planet being on fire.

Prieš 14 val
Luis Gonzalez
Luis Gonzalez

This is blatant communist propaganda, government shouldn't spend on infrastructure, it should create incentives for the private sector to do so, and stop taking on debt to create more social programs, this is how government makes the people depend on the government, instead create incentives to motivate the private sector into creating better jobs for the people, like I'd rather govt had a program where they help so shitty jobs pay better than just give it away to no job lifers

Prieš 14 val
John Smith
John Smith

You increase spending & the debt during bad times -- like runaway inflation set in motion by Nixon, the financial crisis caused by Bush & Republicans and the Covid crisis caused by Trump. You pay it back in good time ... like Clinton did and Trump did NOT. Republicans fuck things up then bitch when Democrats have to fix it. It's more or less what you expect from a terrorist pedophile ring masquerading as the Republican party. They are enemies of America.

Prieš 15 val
SoaringChef
SoaringChef

Please do one on Japanese nuclear waste dumping decision, the world needs to know.

Prieš 15 val
Alan Keeler
Alan Keeler

Dummy. The factory analogy doesn't work because the bank expects to get repaid in full, within an agreed upon time. That doesn't exist with the US debt.

Prieš 15 val
Frank Silvers
Frank Silvers

Mind your own business foreigner!

Prieš 16 val
Francisco Mackenzie
Francisco Mackenzie

he's a us citizen lol

Prieš 12 val
Bob Jones
Bob Jones

john oliver saying he's "not an economist" just goes to show he has no idea what he is fucking talking about...

Prieš 16 val
Carmen Lawson
Carmen Lawson

I luv luv luv John Oliver he tells it like it is and he's funny as hell doing it!....he's a very intelligent comedian

Prieš 17 val
Jayred Harp Studios
Jayred Harp Studios

As someone that works in the kitchen at a county-run nursing home, another thing that should be changed is the state food regulations because the nursing home gives the diabetic residents food that often gets tossed out.

Prieš 17 val
ChronoXShadow
ChronoXShadow

Silly how Republicans are so upset about the national debt when their idea is to keep funding wars and relying on monopolies. Trumps idea of making jobs is throwing money at CEO's, instead of on infrastructure or producing goods, which will create jobs so long as there are both demand and resources to meet demand and services. Silly how we're running out of natural resources, and yet Trump's campaign was about being for the working man, showing for several months on tv and for years on his social media that he's backing coal mining in America. Great! ... except it's running out. Money won't make more mines. Time will. Trump and his good buddies getting tax cuts and more funding does nothing to help declining resources and declining demand.

Prieš 17 val
aola wili
aola wili

"If he is willing to dig a big hole, he is willing to dig a small one" 😂

Prieš 17 val
City Center
City Center

Stop borrowing $$$$$$$ from China.

Prieš 17 val
Keppin Julkins
Keppin Julkins

inflation is already happening

Prieš 17 val
Bryan Heagy
Bryan Heagy

How come republicans only care about the national debt when they don't control the white house? How come none of them were complaining as the debt kept rising during the previous four years under the big orange balloon?

Prieš 18 val
Al gee
Al gee

We didn't know what deficits were until Reagan.

Prieš 18 val
Al gee
Al gee

Trump quadrupled the deficit.

Prieš 18 val
Al gee
Al gee

It's not entitlements it's unfunded tax cuts.

Prieš 18 val
Al gee
Al gee

Countries only go bankrupt when they can't pay us.

Prieš 18 val
Michael R-A
Michael R-A

Debt is bad. Investment is good. Which one you're doing is up for debate.

Prieš 19 val
Joe Jones
Joe Jones

His foul mouth adds nothing but to normalize and encourage an increasing degenerate "society".His foul mouth adds nothing but to normalize and encourage an increasing degenerate "society".

Prieš 19 val
Jessica Florence
Jessica Florence

Hey John, I heard that there are some new bank policies in 2021. I can no longer make international purchases online without calling my bank. I can’t get them to let me buy from Russia AT ALL. I wonder if you know why this is? Are they really afraid of fraud or is it racism? Or are they trying to keep all our stimulus money in America? 🤔

Prieš 19 val
PrincessAriel
PrincessAriel

Not to take the conversations away from these subjects, just we're dealing with a SA crisis right now. I want to help, I think this is helping.. I can't believe I haven't seen anyone else speak on the Dobrik cases like this. They watched it happened. joked about it. Made money off of it, and had over 5 million people a wall- or a door crack away from watching it too... I feel weak, sick to my stomache....

Prieš 20 val
Rami Keisari
Rami Keisari

starts something he cannot finish............. hilarious

Prieš 20 val
Rivermender
Rivermender

Haha money printer brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr oh no now we are in debt

Prieš 21 val
jdt2003
jdt2003

How's that duopoly working out for ya?

Prieš 21 val
Tanner Oz
Tanner Oz

our national debt almost matches the total market cap of S&P 500. it is hard to build a case for our economic freedom.

Prieš 21 val
ed cuello
ed cuello

Usually their research is spot on but they missed a big one this time: interest rates have been going down because the central banks of the world have been purposely buying their own bonds and articially deflating rates. When Europe and the ECB said they were going to implement negative interest rates,, that is exactly what they did No mystery about it There is a lot of data on this you can look up...

Prieš 21 val
jdt2003
jdt2003

The Gov't borrows money - But also prints it...

Prieš 21 val
PMR
PMR

Neoclassical (so called mainstream) economists don't understand money and don't understand the finance sector and definately don't understand the deflationary pressures of PRIVATE debt. Stephanie Kelton and Steve Keen (and really all of the MMT/Post-Keynsian economists) actually understand wtf is going on in the economy. I suggest reading The Deficit Myth by Kelton and Debunking Economics by Keen among other great insights. Yes, even more than nobel prize winning toolbuckets that think 6 degree celsius global warming will result in a trivial drop in global GDP...apparently cockroaches will begin bartering when the Homo Sapiens die out!

Prieš 21 val
Sina Rouhi
Sina Rouhi

"You don't know?" That sounds fishy in an educational show where you were telling us the whole time how you know everything!

Prieš 21 val
Michelle Chambers
Michelle Chambers

PLEASE HELP MY OLD HIGH SCHOOL AND HOME TOWN!! It is almost comical that they removed the Native American Imagery and Symbolisms but are KEEPING "savages" as a nickname... PLEASE TELL THEM HOW RACIST THIS WORD IS!! ​@t https://abcnews.go.com/US/wireStory/missouri-town-decides-savages-mascot-ditch-logo-77069702

Prieš 22 val
Cyberpunk
Cyberpunk

Federal reserve just prints money. If the US economy collapses, the entire world goes to shit. Pretty sure the rules don't want that

Prieš 22 val
Omega Skittles
Omega Skittles

The anology of making the minimum payment but keep using the credit didn't make sense in the first place. As long as we make the minimum payment, nothing happens. We do it with the fucked up student loan system every month LOL

Prieš 22 val
Gabriel Le Pen
Gabriel Le Pen

The National Debt is like: I used the debt to destroy the debt.

Prieš 22 val
cicirunner
cicirunner

lmao

Prieš 22 val
i v
i v

Last part of video omg it's too nasty makes me wanna puke- disturbing how media wanna brainwash

Prieš 22 val
Trance Ek
Trance Ek

TRILLIONS WENT TO WORLD WAR 2,,,,,VIETNAM,,,,, IRAQ,,,, AFGHANISTAN,,,,,, EX PALESTINE,, NOW ISRAEL EVERY YEAR BILLIONS,,,,, DICTATORS CORRUPT OFFICIALS,,,,,, DEMOCRACY IS JUST A MAKE UP, RESPECT MORROCO

Prieš 22 val
Mathias Perroni
Mathias Perroni

When we all get excited when he starts reciting a Ted Cruz poem :D

Prieš 23 val
Adam R
Adam R

Republicans are really worried about leaving a better world for their children except when it comes to climate change

Prieš 23 val
Bailey Merlin
Bailey Merlin

That's a hot take on some Julia Quinn novels, John.

Prieš 23 val
Ian Thomas
Ian Thomas

So.....keep right on spending? What's the worst that could happen. :)

Prieš 23 val
Travis Snyder
Travis Snyder

True story so many fake republicans. I didn’t know that about Reagan but it appears there is no hope for us. Bring back Clinton!

Prieš 23 val
Zero Faux
Zero Faux

"Improve schools so we can become a more skilled LABOR FORCE"

Prieš dieną
Benjamin Gal-Or
Benjamin Gal-Or

More people would die for lack of UN Action to nominate pandemic Czar. A. On Oct 22, 2020, WHO-JHU reported Corona Deaths Rates, in %, cf. below, the sole global scientific index of pandemic in ~180 countries, which was 2.75%. On ELECTION DAY, TRUMP lowered these values to 1.75%, 1.69 on Jan 30, then went up, Today, Apr 14, it is 1.80, cf. below, B. Fauci had daily published record high US Covid-19-Case-NUMBERS, CCN, which reflect reported NUMBERS of those identified for treatment, while suppressing the sole scientific WHO-CDR-INDEX, in %, for ~180 countries, despite our daily protests, knowingly so affecting frightened voters, and the results are known. C. UNDER INT'L LAW the sole body to mandate WHO Global Pandemic CZAR in global billions war against abating Cor/Variants is UN Security Council, because of Cor/Variants' global interconnectedness of ~180 countries. D. HIGHLY INFECTED-COUNTRIES v. UN-CZAR NEED, Less Politics. Life Expectancy Ranking v. WHO-JHU Apr-14/21-CDR% v. (Jan 30/21), e.g. [75] MXC 9.19(8.51) [146] SDN 6.85(6.75) [109] SYR 6.81(6.68) [54] CN 5.13(5.18) [66] BRZ 2.63(2.44) [103] RUS 2.23(2.11) E. US, EUROPE INFECTED-COUNTRIES, Id. e.g. [5] ITL 3.03(3.47) [15] GRC 3.01(3.70) [25] UK 2.91(2.77) [25 ] GRM 2.62(2.59) [6] SP 2.27(2.07) [20] PRTG 2.04(1.70) [12] FR 2.03(2.40) [35] U.S.1.80(1.69) [3] SWS 1.67(1.80) [11] SWD 1.56() [15] NL 1.23(1.43) [22] FIN 1.06(1.50) F. GLOBALLY LOWEST INFECTED COUNTRIES, Id. e.g. [4] SNGP 0.05(0.05) [114] BUTN 0.11(0.12) [126] MNGL 0.16(0.11) [33] MLDV 0.26(0.32) [49] TLND 0.28(0.43) [41] UAE 0.31(0.28) [93] CAY 0.38(0.51) [93] SYCL 0.54(0.26) [43] CURC 0.65(0.44) [28] CYP 0.62(0.64) [51] SLNK 0.63(0.49) [112] USBK 0.74(0.79) [9] ISR 0.75 (0.74) [34] BRB 0.79(0.79) [37] CUBA 0.54(0.83) [54] BORA 0.76(0.73) [72] ARUB 0.91(0.85) G. CONCLUSIONS 1) LEGALLY, ONLY UN MANDATED CZAR MAY END GLOBAL COR/VAR SPREAD. 2) More people would die for lack of ~180 countries UN-Pandemic Czar. 3) KNOWINGLY, FAUCI ALLEGEDLY AFFECTED US-ELECTION. Results are known. 4) 5-Months Corona History-Trends in 114 countries LISTS by clicking name & search. 5) Copyrights: Benjamin Gal-Or, David Galor Apr 14 2021.

Prieš dieną
Zachary Finch
Zachary Finch

I hate how bias John clearly is now, at least some republicans admit they are bias. Democrats and republicans can shove it I stg

Prieš dieną
Vibhor Bajpai
Vibhor Bajpai

What I understand as the basic reason why US didn't become Greece is because your economy fell at a time when so did everybody's, so basically the net effect was zero. However, if it had fell when rest of the countries were booming, well then you'd have been pretty much fucked. So this pandemic was actually a blessing in disguise for you.

Prieš dieną
Benjamin Gal-Or
Benjamin Gal-Or

Life Expectancy Ranking v. WHO-JHU Corona Deaths Ratios Trending-Ranking v. Alleged US Coverup v. Need of WHO-PANDEMIC-CZAR of ~180 Countries A. On Oct 22, 2020, WHO-JHU reported Corona Deaths Rates, in %, cf. below, the sole global scientific index of pandemic in ~180 countries, which was 2.75%. On ELECTION DAY, TRUMP lowered these values to 1.75%, 1.69 on Jan 30, then went up, Today, Apr 14, it is 1.80, cf. below, B. Fauci had daily published record high US Covid-19-Case-NUMBERS, CCN, which reflect reported NUMBERS of those identified for treatment, while suppressing the sole scientific WHO-CDR-INDEX, in %, for ~180 countries, despite our daily protests, knowingly so affecting frightened voters, and the results are known. C. UNDER INT'L LAW the sole body to mandate WHO Global Pandemic CZAR in global billions war against abating Cor/Variants is UN Security Council, because of Cor/Variants' global interconnectedness of ~180 countries. D. HIGHLY INFECTED-COUNTRIES v. UN-CZAR NEED, Less Politics. Life Expectancy Ranking v. WHO-JHU Apr-14/21-CDR% v. (Jan 30/21), e.g. [75] MXC 9.19(8.51) [146] SDN 6.85(6.75) [109] SYR 6.81(6.68) [54] CN 5.13(5.18) [66] BRZ 2.63(2.44) [103] RUS 2.23(2.11) E. US, EUROPE INFECTED-COUNTRIES, Id. e.g. [5] ITL 3.03(3.47) [15] GRC 3.01(3.70) [25] UK 2.91(2.77) [25 ] GRM 2.62(2.59) [6] SP 2.27(2.07) [20] PRTG 2.04(1.70) [12] FR 2.03(2.40) [35] U.S.1.80(1.69) [3] SWS 1.67(1.80) [11] SWD 1.56() [15] NL 1.23(1.43) [22] FIN 1.06(1.50) F. GLOBALLY LOWEST INFECTED COUNTRIES, Id. e.g. [4] SNGP 0.05(0.05) [114] BUTN 0.11(0.12) [126] MNGL 0.16(0.11) [33] MLDV 0.26(0.32) [49] TLND 0.28(0.43) [41] UAE 0.31(0.28) [93] CAY 0.38(0.51) [93] SYCL 0.54(0.26) [43] CURC 0.65(0.44) [28] CYP 0.62(0.64) [51] SLNK 0.63(0.49) [112] USBK 0.74(0.79) [9] ISR 0.75 (0.74) [34] BRB 0.79(0.79) [37] CUBA 0.54(0.83) [54] BORA 0.76(0.73) [72] ARUB 0.91(0.85) G. CONCLUSIONS 1) LEGALLY, ONLY UN MANDATED CZAR MAY END GLOBAL COR/VAR SPREAD. 2) KNOWINGLY, FAUCI ALLEGEDLY AFFECTED US-ELECTION. Results are known. 3) 5-Months Corona History-Trends in 114 countries LISTS by clicking name & search. 4) Copyrights: Benjamin Gal-Or, David Galor Apr 14 2021.//

Prieš dieną
cherrymaxguns
cherrymaxguns

This show is great at N of 1 research.

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Ed Wagner
Ed Wagner

I got it. On a personal level to all of you satisfied customers. How does your debt feel? Good? Saving? Good? Then God Bless you. Your getting more of it. Don't let this idiot tell you the outcome is better for you. Love America.

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Molly Abramson
Molly Abramson

ti84+ce

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THE REAL ZENFORCE
THE REAL ZENFORCE

Luxembourg 19% National Debt Switzerland 33% National Debt Denmark 35% National Debt Norway 37% National Debt United States 82% National Debt and climbing, you have almost no money (but debt) hence the USA is a poor country, with old decaying infrastructures you cannot replace (only by more debt), bad healthcare system and adding more debt will only make things worse. And democrats and republicans will keep blaming each other, they are both responsible for the mismanagement of the country. "The cure to socialism incompetence is more socialism" only said by socialists. You are slowly going the "socialist" ever more debt path like France, Belgium, Portugal, Spain aka the poor countries of Europe with old decaying infrastructures, ever rising crime problems, etc. Also the illusion, you will get ever lasting growth to pay for National Debt Interests is blocked by the decreasing childbirth rates in every rich country in the World. A nd at one time you will run out of people and companies to tax because at one point the tax % will be at the highest liveable possible. And the next generation is not the one who will pay the price of national debt but the generations in hundred years from now who will judge you as fools as you judge the Neanderthals as an underdeveloped society.

Prieš dieną
THE REAL ZENFORCE
THE REAL ZENFORCE

History books and our descendants (hundreds and thousand years from now) will judge us on our national debt that we gave them all because people live way above the living standard they should. And John with current living standards, no one will pay the debt back. And the National Debt curve proofs that since Obama the debt is higher. To whom goes the yearly paid interest of the debt. Luxembourg 19% National Debt Switzerland 33% National Debt Denmark 35% National Debt Norway 37% National Debt United States 82% National Debt and climbing, you have almost no money (but debt) hence the USA is a poor country, with old decaying infrastructures you cannot replace (only by more debt), bad healthcare system and adding more debt will only make things worse. And democrats and republicans will keep blaming each other, they are both responsible for the mismanagement of the country. "The cure to socialism incompetence is more socialism" only said by socialists. You are slowly going the "socialist" ever more debt path like France, Belgium, Portugal, Spain aka the poor countries of Europe with old decaying infrastructures, ever rising crime problems, etc. Also the illusion, you will get ever lasting growth to pay for National Debt Interests is blocked by the decreasing childbirth rates in every rich country in the World. A nd at one time you will run out of people and companies to tax because at one point the tax % will be at the highest liveable possible. And the next generation is not the one who will pay the price of national debt but the generations in hundred years from now who will judge you as fools as you judge the Neanderthals as an underdeveloped society.

Prieš dieną
aresmars2003
aresmars2003

In Sep 2012 Romney said he'd cut spending that isn't worth China paying for it. Of course as a Republican he was NEVER allowed to ask what spending is worth raising taxes on the most wealthy. That's off limits. https://foreignpolicy.com/2012/09/24/romneys-litmus-test-for-federal-programs-is-it-worth-a-chinese-loan/ [I’m going to look at every federal program and I’ll ask this question, "Is this so — program so critical it’s worth borrowing money from China to pay for it?" And if it doesn’t pass that test, I’m going to eliminate the program because we just can’t afford to keep spending more money than we take in. This is, this is something which is not just bad economics. I think it’s immoral. ]

Prieš dieną
Nick Brasing
Nick Brasing

So the moral of the story is, "Democrats suck at deficit spending, but so do Republicans". I could not agree more. It's why I left both parties and became a Libertarian. We need sanity on spending and we're not getting it from either of the two big parties. And I agree that up to a certain point, debt and deficits don't matter. But surely we can all agree that after a certain point, debt is ALL that matters. All you need is a calculator and just a basic understanding of interest rates. History is not on our side on this, and this segment does not help. Sorry John.

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aresmars2003
aresmars2003

SOVEREIGN DEBT is king! Greece did NOT have Sovereign debt. They are more like a US STATE which can overborrow and be unable to make payments. But the US can PRINT money to make interest payments, primarily leading to inflation, which takes spending value away from people who have it (including Boomers in their 70s getting 1% returns on their savings to live without working for the next 25 years until they die.)

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Dream Letter
Dream Letter

this is great comedy ( ).

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Troy Desselles
Troy Desselles

This is a entertainment show. It’s not all facts because it’s not suppose to be. It’s suppose to be funny to people.

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Jeff Raun
Jeff Raun

Capitalism loves debt.

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Jeff Raun
Jeff Raun

Progress for the sake of progress. Open more businesses, log more forests, dam more waterways, mine more minerals, employ more people at starving wages. And why you ask? Progress and low risk.

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McGillus
McGillus

John the lighting covering your face on the left is one/two tints too bright. It washes everything out in white.

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Vincent
Vincent

Republicans have no intention of reducing debt. It should not be growing so quickly. We need to set aside money for a sovereign wealth fund to pay for a UBI. We can easily cut 25-35% of our military budget.

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Jubal Harshaw
Jubal Harshaw

So sorry I clicked on this. John Oliver could be the dumbest, most cynical commentator on TV.

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Jose Fernando Montero
Jose Fernando Montero

LOL when you say nobody fucking really knows why USA didn’t turn into Greece is simple: Cause Greece doesn’t have a fucking money printing machine! If USA wants they can print dollars (yes they generate inflation) but but you have less than 3% inflation every year, if you increase it to 6-8% is not the end of the world. That’s why you get more credits from all over the world, besides USA is one of the world’s biggest customers so why on earth the world wants to see USA in Crisis?. Just my thoughts maybe I’m also clueless

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MrHutchcha
MrHutchcha

Interest rates are low because they are manipulated by the federal reserve. Buyers act on what they think fed policy will be

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W Martinez
W Martinez

This video is grotesquely misleading... But he's not an economist...

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jhon like these
jhon like these

I like that pome.. it sums it up.

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cheng hung
cheng hung

I think the pandemic has taught people a big lesson, having one stream of income is not really a good idea cause your job doesn't secure your financial needs. The pandemic has really set out business-minded people from the rest that is why I'm so lucky to be among the investors trading with Mrs. Patricia Westbrook as her student it's been success and happiness since the beginning of my trades

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dschell936
dschell936

We really need to start teaching economics in schools again.

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T'Shara Brown
T'Shara Brown

This video really makes me want to take a few online economics courses.

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Joseph Smith
Joseph Smith

Except John, interest rates will raise and servicing that debt will cut into other programs you otherwise support regardless of how many new taxes are put in. Is Covid-19 a serious problem, yes, so was WW2, of which the US spent just as much money to fight (as percentage of GDP). Now when this Covid-19 is over, will the US dramatically cut that spending too...I doubt it and that will be the looming issue.

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Jan Škvára
Jan Škvára

While it's true that borrowing money (especially in a crisis) might sometimes be a good idea, the fact alone that no major economies have collapsed so far doesn't console me enough not to try to be as fiscally resonsible as possible. In other words, I would continue using kids to dissuade people from spening too much, at least in the fat years.

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WeirdDickPics
WeirdDickPics

Nice counter "but what about the other guys"

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Bat Man
Bat Man

The steady decrease of interest rates is the result of federal banks all over the world trying to keep a looming deflation at bay by getting people to spend the money they have instead of saving it.

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