Think about it, what does "debt" really mean. To whom, for what and who really has the power to deal with it. Finally should we really care?
Replies
Yes, we should care. To cut through the noise for just a second, our kids & their kids are the ones who bear the brunt of our apathy. Debt shifts the burden of our financial profligacy to them. As if the AI hype bubble, Epstein cover-up, Gun safety & climate crises weren't enough.
aug 13, 2025, 4:01 pm • 6 1 • view
They also inherit a mostly stable civilization, including hospitals, roads, electrical and information infrastructure, and so on. They should not get a free ride on our(older) backs either.
aug 13, 2025, 6:51 pm • 1 0 • view
Bitch
aug 14, 2025, 8:13 am • 0 0 • view
Debt is also good. It allows people to attain things that would normally be beyond their means. I bought a house for $350k on money I got from a bank. I am paying it off $2k a month. If I had to save that to pay in cash w/o debt, now 15 years later I still would not own a house.
aug 13, 2025, 5:05 pm • 4 0 • view
Debt allows us to invest in the future. Most large companies and start ups and major inventions would not exist w/o debt. You need loans to build the factory before you can begin making your widgets to start making money.
aug 13, 2025, 5:06 pm • 2 0 • view
100%. You want smart loan terms, means testing, background checks, right-sizing of principle, sensible debt/growth ratios, stress testing. You don't want devalued currency, raids on social progams, tariffs on your friends, more debt just to pay the loan interest & no plan if rates rise.
aug 13, 2025, 5:32 pm • 1 0 • view
But national debt isn't really "debt" - certainly not in the way you'd normally understand it. Better to think of it as so many very secure accounts with the national bank. If a bank has lots of customers, is that really a problem?
aug 13, 2025, 5:51 pm • 1 0 • view
But this doesn't say national debt. It says debt. So I am assuming it is adding up all individual debt into one big pile. It is trying to say we are all idiots for getting in so much more debt than before, but this is taken way out of context. In manageable amounts debt is good.
aug 13, 2025, 6:04 pm • 4 0 • view
HAHAHAHA, what context? that's my whole point you've just expounded it. I agree folks get themselves in trouble with debt. On a global scale I am clueless and frankly I don't care about any of it.
aug 13, 2025, 6:49 pm • 0 0 • view
I think we are saying the same thing. I mean as long as you don't go crazy, some debt (mortgage, 1 car loan, etc) is good. By context I meant that. The meme is trying to imply all debt is bad. But debt helps people move up SES ladder if kept under control
aug 13, 2025, 8:14 pm • 0 0 • view
We are you just expounded it...These random posts sometimes just bug me...for me what's the point
aug 13, 2025, 8:28 pm • 0 0 • view
Agreed. Of course, those are the ones I am most likely to respond to because they annoy me so much. Probably the point. Engagement trolling.
aug 13, 2025, 8:37 pm • 1 0 • view