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

  • Julkaistu 19 päivää sitten

    LastWeekTonight

    kesto: 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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Agent J
Agent J

"Run away and tell an adult, a non-costumed adult." Batman will remember that.

29 minuuttia sitten
knate44
knate44

OK but what is your fave graphing calculator?

2 tuntia sitten
knate44
knate44

John, can you please use at least one of those nick cage pillows to protect the Greener Under My Weiner rock?

2 tuntia sitten
B.C Drisk
B.C Drisk

I'm a simple man: I see John Oliver and I click dislike

5 tuntia sitten
Paul Prejean
Paul Prejean

Lord forbid young people figure out how to save and not work because they can live off interest. That's why the rates are down. Mini bonds were paying 10% in the 80s.

5 tuntia sitten
lburwell99
lburwell99

Haven't watched his show in a while and catching up. Feels wierd laughing at all the punchlines without the audience to go with it; especially the deep cut type ones that would get a cringe audience reactio lol. Be interested to his thoughts on that in an interview sometime. He does a good job at landing jokes without the reaction and carrying on, which I have to imagine is an awkward thing.

5 tuntia sitten
BlankSpace Publications
BlankSpace Publications

All fine points, JO, except inflation has arrived. Housing prices are going crazy again, commodity prices (metals, lumber, and other building materials) have doubled or tripled in price and food commodities such as corn and soybeans have doubled in the last six months. Google the price of corn per bushel to see for yourself. It’s only going up from here for the foreseeable future.

5 tuntia sitten
Barry J. Silva
Barry J. Silva

Fantastic poem.

5 tuntia sitten
Adam Nunavumiuq
Adam Nunavumiuq

Best original poem I've heard in such a long time.

6 tuntia sitten
viperswhip
viperswhip

I guess if Trump hadn't increased the debt, and George Bush and every other government Democrat and Republic alike, the Republicans wouldn't look so f'ing stupid complaining about it.

7 tuntia sitten
Layne
Layne

there is a difference. welfare is temporary and goes away and that is where the majority of the debt came from. investments do have long term benefits. the stimulus check is not going to increase the economy when the money came from the economy. how stupid do democrats think people are. you people think you know how to spend our money better than us

7 tuntia sitten
Alison Berg
Alison Berg

Did anybody else notice that literally all of the children in those stop the debt commercials were white?

8 tuntia sitten
MisterFoo
MisterFoo

13:07 holy shit was that a Jerma reference

8 tuntia sitten
Archi Mond
Archi Mond

Alrighty so it depends on what the moneys going to, and most the covid-19 money is going to the weed dispensary in legal states and liquor budgets for the year everywhere else, that's called giving and throwing money away. I smoke 10 times the weed of the next guy and I'd be willing to have a contest, on my supply, to prove that. But I haven't filed for my covid money at all because thats almost 5k per idiot at this point that I guarantee almost none of them put back into making money. The next biggest thing was people using it to pay off other debts. There's no way to sustain it and the higher that number climbs, the less the bills in your hand are worth due to them printing more of them. It's math, it's really easy and there is only one right answer. That's how numbers work, we aren't getting rid of not fixing not even patching a problem here, we're adding a giant chunk to it and shifting the numbers out of our personal debt clocks to feel better. This does need to stop

8 tuntia sitten
Arcainreaper
Arcainreaper

The economy is straight bullshit and is based on nothing is grounded in nothing and money only has a value because the people in charge have a collective hallucination that money is worth anything at all and we need it as a species..

9 tuntia sitten
Michael Tavares
Michael Tavares

No one could buy a house if they weren't allowed to borrow more than they make in a year

9 tuntia sitten
Ryan Hally
Ryan Hally

It’s because the US Dollar is the World Reserve Currency!! If that changes, then we have problems but until then it won’t be a problem that we care about! We have the benefit of being the underlying foundation to world transactions. Greece had issues because they required actual collateral for them to borrow against.

10 tuntia sitten
Leonid Shoshin
Leonid Shoshin

Oliver finally tuned his shtick to be funny w/o live audience. Not to sound racist.

10 tuntia sitten
snuffeldjuret
snuffeldjuret

I'd rather Elon invest in our future than the government, so a dislike from me on the video.

11 tuntia sitten
snuffeldjuret
snuffeldjuret

16:04 you did have a toooooooon of riots though.

12 tuntia sitten
AnderZ Patrick Anderson
AnderZ Patrick Anderson

I feel like I've played the economy like a fiddle this past year. Bought my first house at 3.2% interest rate, I'm now selling it a year later for a 20% profit. This whole time I have made no investments to improving the house, yet the value skyrocketed and so I just have a big saving, and a 20k paycheck coming my way come july.

12 tuntia sitten
Don Corleone
Don Corleone

Hey Oliver , your estimated annual salary is approx. $2 million per year and an estimated net worth of $30 million. Do you pay your fair share of taxes or does your accountant use all the loop holes so that you pay no taxes?

12 tuntia sitten
Don Corleone
Don Corleone

@BaconDragon Global tax evasion estimates are at $425 billion and the US is at $90 billion. The IRS should get rid of all the loop holes and have a flat tax rate %

6 tuntia sitten
BaconDragon
BaconDragon

That's a crime, it's called Tax evasion. And my guest is yes because paying for a accountant to find tax loopholes on work for corporation who pay millions of dollars in taxes

7 tuntia sitten
som én
som én

I love the pillow you are such a cage fan! I heard if you drool on it while your sleeping the banana gets hard. Love your show! Stay safe.

14 tuntia sitten
Richter12x2
Richter12x2

The fact is, if you give a rich person $1,000,000, they'll probably save/invest it, which doesn't help the economy much. If you give a poor person $1,000,000, they're more likely going to go buy a house and a car.

14 tuntia sitten
Richter12x2
Richter12x2

Look at the deficit by President and you'll see the real story. Democrats tend to be way better for the deficit than Republicans, who like to scream about it when Democrats run the country, and then give $4 Trillion in tax breaks to billionaire CEOs when it's their turn.

14 tuntia sitten
TY THE TRUTH
TY THE TRUTH

27million for George Kirby's family prolly not great spending Woke America! Not a Riot John it's a peaceful protest!

15 tuntia sitten
aenn aenn
aenn aenn

I can see how Palin would think debt = slavery, considering she's a Christian and slavery is an acceptable response to someone owing you money, according to the bible. But no good person thinks that.

16 tuntia sitten
Sic Semper Tyrannis VI
Sic Semper Tyrannis VI

'national debt' was forced on the people after the creation of the 'bank of england' and it has spread like cancer. 'thou shall lend to many nations..' 'rule over many nations' .. thats where your 'national debt' comes from

17 tuntia sitten
Justin Troup
Justin Troup

That dog thought the smoke bomb was a ball haha

18 tuntia sitten
John Doe
John Doe

Explaination.....the rich get richer and the money doesnt circulate. Boom! The central banks are also proping up the debt and cant afford to raise intrest rates. Thank god for bitcoin otherwise we would have nothing.

19 tuntia sitten
mslindqu
mslindqu

Wow.. Really missed a good opportunity here to educate people. Instead used it for propaganda to sell the current administration's agenda (not saying that agenda is good or bad)

19 tuntia sitten
99beta
99beta

Government Debt to GDP ratio is a better measurement. In Canada between 1995-2008 government debt decreased from 83% to 44%. Because of COVID relief programs debt has increased to 50% of GDP. About 25% of the debt is owned by people outside of Canada. United States will have about 110% and Japan will be 170%.

20 tuntia sitten
Peter Campbell
Peter Campbell

Basic message here is to ignore debt, it does not matter....very much like Trudeau saying it will fix itself. This is basically a radical left wing diatribe to justify continued uncontrolled spending and money printing.

21 tunti sitten
Benjamin Dupont
Benjamin Dupont

Do you have any actual points against the arguments raised in the video, or do you just call everything "radical left diatribe" when you dislike it? The burden of proof is on the accuser.

6 tuntia sitten
Rami Al-Jiab
Rami Al-Jiab

hi john oliver. I really enjoyed the debt episode. and i understood all the angels you took. from a western point who dont think twice on how they secure accommodation its a no brainer, you hit it bulls eye. i been living in western countries for most of my life but have NO or both liberal and or conservative bones in me since I am a Muslim. It doesnt matter who holds the debt, china, japan, liberals or conservatives, they share one commonality which forms a stronger bond for them than any of these labels, they are rich. rich holding the debt is not good not good for the poor no matter wat citizenship they hold. debt which i can be 100% sure in most cases means interest i.e increasing overtime is the reason for recesions, they form bubbles that burst and guess who they hurt exclusively? the poor. this is not me, some muslim on the interent, this is finincial scholars even though silenced still publish their work on this cancer in face of being cancelled by mr big coorape submissive to mr big bank look at the gamestop scenario, when non rich targeted hedge funds the betting companies went all out to stop legal bets. rich getting richer poor getting poorer. In islam a loan is interest free, profits for all cant exceed 30% and taxes are collected on non used assets monetary or not. if the world did that i assure you there will be no poor to rob. cos thats wat this interest game is. people running out of good spirits and hence ability to work for society, so they use mathmetics to make money. thats not a service, only right way to make money of science and maths is by doing research and or teaching people so it can enhance other services. would love it if you made an episode on interest and how its riuning society from the core. i seen u do some out of it episodes, thinking hes gonna get detsined after this, but will you go the extra mile, will you cut to the heart of the cartel or will those veins/emotions/stakes run too close to cut. do it, i dare you

22 tuntia sitten
Rigby Devos
Rigby Devos

Yeah..... modern monetary theory is basically just "yeah all those other countries suffered years of hyperinflation and decades of fallout from just printing money to cover their spending but it probably won't happen to us because america."

23 tuntia sitten
Michelle Browne
Michelle Browne

I've always wondered htf this works!

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Happy Penguin
Happy Penguin

just print a bunch of money. then use that money to pay off our debtors. what could go wrong?

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Jobestinna B
Jobestinna B

Thanks John Oliver for the simplistic definition/explanation of deficit & debt 3:12 👏🏽👏🏽

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RL
RL

This video will age like milk, just like most of John Oliver's garbage material.

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Anju Rama Krishnan
Anju Rama Krishnan

I wish John Oliver did a piece on how the Kardashian clan and the insta influencers are trying to set unattainable body images ( unless for a surgery, of course) and feed on teenage girls' insecurity and body issues. Please. I personally do not have body image issues. I am scared for my daughter, if I may have one one day and she falls prey to all that bull shit. I want to have a John Oliver video to show it to my daughter on that topic

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Simon Lussier
Simon Lussier

very much indeed

19 minuuttia sitten
rezox
rezox

So just cause republicans do it too is for some reason ok?? Both parties are the same shit, wake up people!!

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Piyotr Bear
Piyotr Bear

So... basically John is saying: Fk it, we've gotten this far, no reason to change anything, we can just keep chugging along, free money bruh.

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Penitent Hollow
Penitent Hollow

Obfuscated means hidden or obscured, so an obfuscated seam is a thing, but Ophisticated? I guess an attempt was made...

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Essex Boys
Essex Boys

Can anyone explain how you can possibly print more money without causing inflation?

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TheJimprez
TheJimprez

What National Debt? I hear the Republicans want to abolish taxes for ALL, not just for the rich. They say they can just PRINT money now.. NO debt. Just print some and pay it off.. LOL!!! Imagine when that haywire economy fails? For good!!!! All it needs for a final coup de grace is for a new international trade currency to be adopted. And THAT is coming really soon to an economic forum near you.. Like the year right after the end of the pandemic.. NOBODY wants to deal with the USA now if they don't REALLY have to. Except China, just because they have such a positive trade balance with the US that it made them RICHER than them in about 20 years.. ALL for 1$ a pop cheap stuff. As SOON as the US wants to try to bring it to a more neutral balance. China will dump them and the new currency will appear and EVERYONE will accept it.. Maybe China will dump all of the treasury bonds they buy to fake shoring up the US too, or ask for quick repayment of HUGE debts... US money is WORTHLESS in reality. Its just based on demand. NOTHING ELSE.. Kill the demand and the house of cards falls on itself. They DID t to themselves. And they have been warned about it by MANY economists and politicians with more vision than some.

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Elizabeth Johnson
Elizabeth Johnson

What happened to comedy? This show was torturous to watch. He's an idiot

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Veraciety
Veraciety

This is foolishness. Debt-to-GDP ratios have been found to have a substantial correlation with decreased fertility, decreased GDP growth, crowding out of private borrowing, and a host of other negative results for society. Just because both parties are bad with spending doesn't mean that we should all accept higher deficits and larger debts. This focus on what politicians say versus actual fact, evidence, and principle mixes a few cognitive biases - ad hominem, WYSIATS, and others. And just because something is said with a smug attitude doesn't make it true. $97,000 of total government debt for every American isn't fair. Total government spending at 37% of GDP is three times bigger than it was 100 years ago, and over ten times bigger than it was at the start of our nation, that is far too large. There is a reason why Paul Krugman observed "developed" nations grow at a slower rate than developing nations, and a large part of it has to do with this very fact of the ballooning size of government. Our country hasn't grown over 5% annually in over 20 years, this year might be the first in 20 due to the regression to the mean effect, but I expect inflation to take place, and that this will continue the decline of economic growth. Our country needs a movement back towards private action and private economics or we will find ourselves in a similar position to the former Roman Republic.

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Corvette Stingray
Corvette Stingray

And OBTW, that last bit at the end with the kids, truly GOLD. Go John!

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Corvette Stingray
Corvette Stingray

Thank you for this John Oliver. The reason Greece's financial problem was a crisis is because Greece is a currency user, not a currency issuer like the US Government is. Greece's situation was actually much more akin to what each of the 50 states (at least fiscally) go thru, because they are Currency Users, not Issuers. And the National Debt is not really (for the most part) a "debt" that has to be paid back, at least not in the commonly understood sense. Everyone please read "The Deficit Myth" by economist Stephanie Kelton (who once worked for the US Senate), which explains that deficits are actually good, when handled properly. A truly eye opening book.

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Kid Mohair
Kid Mohair

and to no one's surprise (ef)Lying Ted Cruz is the epitome of duplicity, closely followed by the rest of the party formerly known as republican

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Kid Mohair
Kid Mohair

oh yeah right...as far as debt goes, cuz that's ostensibly what this is about, debt is an invention, just like economic crises are, and is used as a cudgel by banks, to scare us... (unfortunately) I can point to what$i$name-the-twice-impeached as living proof of the above statement

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Lukas GG
Lukas GG

Democrats and Republicans are equally irresponsible when it comes to the deficit.

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mjceaser
mjceaser

That is the sad truth

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Tamires Molin
Tamires Molin

América se fodeu

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A E
A E

I walked past that debt clock every day on my way to work on Madison and 42nd.

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themightykabool
themightykabool

Hold up. Accorsing to repubs - When the debt goes up because of spending on infrastructure = bad. But when the debt payments goes down because of tax cuts to big corp = good? On one side, Borrowing for litetal jobs creation = bad. While, Paying more interest for no jobs and no taxes revenue = good. Gotcha repubs.

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Daniel Bienlien
Daniel Bienlien

What a joke. We know exactly why rates keep dropping. We've been in a deflationary cycle since the 80's and central banks (the FED) have continued to drop overnight funding rates and suppress long term rate by buying massive amounts of treasuries. This process can't continue forever, although there is some debate about that considering Europe's rates have gone negative. Since 2008 the FED funds rate has spent the majority of that time pegged near zero. If this deflationary cycle comes to an end and we start to see inflation the FED will be required to raise rates, THEN the debt will become a major problem.

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Jesse Collin
Jesse Collin

So basically every single person in the country is $70,000 in debt.

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denea smith
denea smith

I sure do like this show.

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Donald Miller
Donald Miller

Price of goods has gone up double digits yet the Fed says no inflation.

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Donald Miller
Donald Miller

Biden is beholden to China. BLM is a violent marxist terrorist group. ANTIFA is a violent anarchist terrorist group. Sovereignty is being lost with open borders. Federal dollars are pervasive to unemployment. Media and politicians are spreading race hate so we fight each other. Then they claim to be saving us.

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Skip6235
Skip6235

It’s almost like. . .and stay with me here. . .all the republicans care about is gaining political advantage and nothing else

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FanASStik
FanASStik

If you take any this shit seriously... You will remain poor.

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Sheng Liwei
Sheng Liwei

I give an explanation, supply and demand. There is more supply of money that can be borrowed than the money borrowed, so the interest lowers. The money borrowed is a big number, but the money can be borrowed is infinity, at least those form FED is unlimited. With a few strokes of typing on computer, you can have the money to borrow.

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Conner Powers
Conner Powers

Very good points. But at some point not taking on more debt needs to happen. But that is no where in sight. Bad times take on more debt, good times take on more debt. And the investments are. It existent. The reason companies buy back stock is because investing in their business capital brings no return because there is no avenue for growth. It is all financial engineering

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Sheng Liwei
Sheng Liwei

But most will gladly accept the checks.

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Yash Arya
Yash Arya

There's so much wrong with this video. Yes, Republicans haven't been any better than Democrats on this issue. But that doesn't mean they're both right, they're both wrong. If you liked this video and have never studied Economics, please read Economics in One Lesson by Henry Hazlitt. If you disagree with some things after that, that's a longer discussion. But you'll make much better arguments.

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Arian Lopez
Arian Lopez

I'm sorry... but the way the show presents the concept of debt is bordering a dangerous explaination and makes it confusing for people that have little, to none, knowledge of financial or economical concepts. The first thing everyone needs to understand is, the structure and functioning of debt when it comes to the government, works totally differently than how it works for everyone else. You, me, business, local governments, etc. There is no way the Federal Government runs an unbalanced budget EVER; why? simple, they only have to print the money they need and that's it. Now, to give the idea to people that debt is not such a dangerous issue, combined with the fact that how it is presented in the show, combine with what I mentioned before about most people's lack of understanding (that it doesn't work the same for everyone) is irresponsible. Because it encourages this fantasy that there is always time or a way to get off from it even for you as a private citizen, which is what in fact, the essential cause of debt or credit crisis every time that it happens. Also, it is presented Greece as an example that there were no riots in the US despite the current situation and that somehow there is no indicator on why. Ignoring completely the real reasons. Which one? Well, the fact that Greece cannot print their own money as we do. They have to borrow it from the European Central Bank, which holds any funds until the country does whatever they think is proper. And that's what caused the protests. In the USA we don't depend on a central bank to which we have to ask for money and close our fingers until they give us the money. The central bank is basically the government and Congress, which only need to decide they need to print the money and that's it. Also, they only trash politicians from the Republican side without eve mentioning that the Democrats supported the debt and credit expansion from the very beginning of the 2000s, which was the main cause of the crash of '08. ON top of that, the show mentions Reagan as a negative figure from the 80s that tripled the national debt for no reason or because of ignorance. When it fact, the reason why it had to be done, is because the Cold War was in motion, and pushing the financial debt of the country was the best we could do in order to contribute to the collapse of the USSR from the military and economical stand point. There are far many things in the program that are no explained, either because it is not in the interest of the show to mention them or because of general ignorance, but the information, causes, data, etc, are really out there and accessible for everyone to check. If you are really serious about the debt issue, and like me, do not care if the Dems or the Reps will solve the issue, but to really have a solution in place, then please start reading or checking videos where Milton Fredman explains concepts like inflation, debt, etc. It will help you to watch these shows from the right optic and without falling for the fallacy of leaning with or against one politician or party.

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dieyng
dieyng

The whole problem of trickle-down economics, rich people don't spend the money they get, if they did, they wouldn't get richer and richer and fucking richer. Study after study has shown that giving money to poorer people results in them spending the money, thereby boosting the economy, whereas tax cuts for the rich or subsidizing big companies with massive amounts of money leads only to more money in rich people's bank accounts.

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nia Roma
nia Roma

In teory the gouverment must debt somewhere , so who gives that borrow ?? , cause you can't pay yourself an own debt if you don't take from somewhere money , if you produce money to borrow yourself that's inflation . If no one gets payed back why would he borrow the state ? That's a true lie of hiding the real problem of U.S.A . Where the goverment takes money as borrow from ? Who own the U.S.A debt ?

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fredvultor
fredvultor

All countries had this decrease, it's not related to american debt.

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Allagí
Allagí

Republicans: "We need to balance the budget and reduce our national debt!" Also Republicans: "Let's sign a $686.1 billion dollar defense budget bill, more than the next 10 countries combined."

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Slakjaw Notsayin
Slakjaw Notsayin

I totally remember that commercial with the baby being told it owes $50k LOL

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renragged
renragged

Debt sucks. Just a little more than John Oliver's dumb opinions.

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Tony Bensley
Tony Bensley

That last line "Grow the f**k up!" I so LOVE it, LOL!! CHEERS!

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Dylan N
Dylan N

Gosh American politics has so mucb hatred. Why can't they both want to help everyone at a basic level...

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Rowan
Rowan

"Start something he doesn't finish" 🤣

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Esei Teclemariam
Esei Teclemariam

John Oliver, the interest rate on our debt kept decreasing because the Federal Reserve is buying majority of debt issued by the Treasury. Where does the Fed gets its money to buy all this debt? Simple, they print out money out of thin air. If the Fed stopped buying US debt, then the interest on our debt would increase.

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Julio Saravia
Julio Saravia

If you don't think debt is modern day slavery you are an idiot! Our current debt system is literally designed to maintain us slaves to our masters (employers). An indebted employee doesn't have options, and must obey.

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A OConnor
A OConnor

Wages are slavery

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Freedom First
Freedom First

The republicans are masters of spin and they killed and buried the word and meaning of hypocricy a long time ago.

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Ralph Wiggam
Ralph Wiggam

This was nothing but the most insidiious, wiicked propagandda imaginable ... and the low-informatiion public will eat it up :(

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T5 5
T5 5

god forbid you use it to improve education, if those kids could count...

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Ralph Wiggam
Ralph Wiggam

@A OConnor Lol what a dullard. You can't spell things correctly here. There is no freee-speechh on this site. You have to spell things incorrectly ON PURPOSE to avoid the algorythmns auto-deleting your comments lol :P Where have you been? Under a rockk lol? :)

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A OConnor
A OConnor

@Ralph Wiggam not going to even begin to listen to someone with as atrocious spelling as you.

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Dewaldt
Dewaldt

@Max the % of GDP spent doesn't matter. Japan spends 3,2 % of its gdp on education, yet its ranked 15th (above the US). Swaziland spends 7,1 % of GDP on education and its ranked below the us.

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Max
Max

@Ralph Wiggam completely untrue US spends the most because it’s the biggest economy with the most students however it only spends 5% of it’s GDP on education which is 66th out of all countries

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Max
Max

@Dewaldt completely untrue US spends the most because it’s the biggest economy with the most students however it only spends 5% of it’s GDP on education which is 66th out of all countries

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Ralph Wiggam
Ralph Wiggam

MILLIONS of dollars to FOREIGN "ghender programs" very much IS "throwing away money" you LYYING FRAWD!!!

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A OConnor
A OConnor

LEARN TO SPELL.

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MasterPoppers
MasterPoppers

Republicans complaining about the debt will never not be cringeworthy. Motherf*ckers, most of this is on you!

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Ralph Wiggam
Ralph Wiggam

@MasterPoppers Lies. Big corporations wanted jo in because they knew he would disproportionately help them more than the eviil orhange mhan ... wake up.

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MasterPoppers
MasterPoppers

@Ralph Wiggam This has zero to do with what I said.

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Ralph Wiggam
Ralph Wiggam

Jo got FIVE TIMES more donatiions from Wall Street and big business than the eviil orange mhan ... why do you think that is lol? :)

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Creating Creations
Creating Creations

At this point, propaganda like this is making me so much money that my greed makes me want to agree with the this foolishness. But I do feel so bad for those younger than me, as this will crash and they won't have gotten to ride the wave up.

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Sticky Griddle
Sticky Griddle

Endless wars=more debt

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Dewaldt
Dewaldt

That and entitlement spending.

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Ralph Wiggam
Ralph Wiggam

"America is back" ...

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Mark Plain
Mark Plain

increase taxes = rich people leaving the country. If that is true, please show them the door. If they want to participate in the world's biggest economy they should pay house fees. If they don't want to pay house fees then they should not participate.

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Dewaldt
Dewaldt

You do if the rich leave, the us stops being the biggest economy.

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Ralph Wiggam
Ralph Wiggam

Liies. Big corporatiions and the riich will NEVER pay more taxes. The Middle Class will have to bare the brunt of the tax burden ... this is ALL by design :(

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Cliff Nickerson
Cliff Nickerson

According to the urn, John Oliver died on the 20th of March, 2021. This episode lauched on the 5th of April. We've had one a week since then. Yeah, they might have put some in the can, but it's a current events show. So who is the guy now pretending to be John Oliver?????

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Brent Senior
Brent Senior

I wasnt really sure how much 28 trillion dollars was until he said a fuck ton of money. Oh shit murica is fucked

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trevorj79
trevorj79

I would care a lot more about (R) opinions if they didn’t ONLY care about the National Debt when there’s a (D) in the White House

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Jordan Reid
Jordan Reid

They can just take some more money from poor countries and pay it off

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JordanFromCan
JordanFromCan

Non-economist here, but gonna take a stab at that rising debt vs lower interest correlation. Two Big reasons: 1. As mentioned, lack of capital intensive alternatives. 2. Investor confidence, in the ability of a country to repay their debt, uses the US as a benchmark. This means the US borrowing rate will always be cheaper than Greece. The feedback loop of a rising interest rate and what that can do to the household-debt-to-income(HD2I) had a "stress test" in 2008 which didn't end well. The fallout of that has been an ultra-low interest environment until the HD2I is better balanced. Funny thing is... People are smart and know that it's okay to borrow against their home when interest rates are this low. So until 1 of these 2 things breaks (capital intensive excursions like a space-race in mining asteroids/colonizing Mars, or the greenback is no longer a benchmark).... then this is the new normal. Low interest debts are okay, and if your return on investment can outpace your debt servicing costs....then accumulating that debt is encouraged.

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Marc-André Belleau
Marc-André Belleau

You keep you videos blocked in other country and we'll keep not watching them. By the time Canada can watch them, the news is outdated.

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FanASStik
FanASStik

You should see the Canadian budget. If it were even possible it is even more reckless.

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Riley Maier
Riley Maier

Scary number lol

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Deea Clonda
Deea Clonda

The last part is my favorite thing on YouTube

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gardnerbickford
gardnerbickford

I love you John Oliver. Your videos are so important. This one won't age well. It felt like you took a math problem and made it a partisan issue.

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Scotty Don’t
Scotty Don’t

Why are treasuries viewed as the safest investment despite the debt being such a problem? Doesn’t add up.

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Mythyc
Mythyc

This whole point of this video was about how debt isn't such a big problem. So by it's logic it does add up...

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Dolly Woofwoofer
Dolly Woofwoofer

actually taking money to build a factory is cringe and disgusting capitalism that forces slaves to do all the work. working period is just stupid and cringe. all work is slavery. we must abolish work, only then will socialism truly rise.

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shoey977
shoey977

The main problem with the national debt is not the size of it but the fact that it's such a poor return on capital. It's not a matter of "building a factory" that produces goods or services....that's probably a good use of capital, however 90% of the money spent is not spent like that.

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Shawn A
Shawn A

What people don’t understand is that that will go up

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VillainousMuse
VillainousMuse

Jesus fuck America, there are people in your country competing for "The wealthiest men alive" and "grossly overpaid CEOs". That's where the money has all gone, take it from them.

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