Row 3537
Content Data
This page contains data entry 3537 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.
>If it matters than why has the USA been in debt my entire lifetime with no repercussions?
1. Who says there have been no repercussions? Are you confident that none of the recessions or economic issues that residents of the United States have faced are partially due to national debt?
2. Debt does not necessarily mean bad. But. When your debt grows faster than your ability to pay it down, then you have a problem. The US government is rapidly approaching the point where revenue collected will not be enough to pay both the *interest* on the debt as well the various services provided.
A simple way to think about it is that increasing debt is fine as long as your income grows to match. But if your debt grows faster than your income, you will eventually be unable to pay your debts and afford basic necessities.
| Field | Value |
|---|---|
| text | >If it matters than why has the USA been in debt my entire lifetime with no repercussions? 1. Who says there have been no repercussions? Are you confident that none of the recessions or economic issues that residents of the United States have faced are partially due to national debt? 2. Debt does not necessarily mean bad. But. When your debt grows faster than your ability to pay it down, then you have a problem. The US government is rapidly approaching the point where revenue collected will … |
| label | r/econmonitor |
| dataType | comment |
| communityName | r/econmonitor |
| datetime | 2024-03-12 |
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Raw Record
{
"text": ">If it matters than why has the USA been in debt my entire lifetime with no repercussions?\n\n\n1. Who says there have been no repercussions? Are you confident that none of the recessions or economic issues that residents of the United States have faced are partially due to national debt?\n\n\n2. Debt does not necessarily mean bad. But. When your debt grows faster than your ability to pay it down, then you have a problem. The US government is rapidly approaching the point where revenue collected will not be enough to pay both the *interest* on the debt as well the various services provided.\n\n\nA simple way to think about it is that increasing debt is fine as long as your income grows to match. But if your debt grows faster than your income, you will eventually be unable to pay your debts and afford basic necessities. ",
"label": "r/econmonitor",
"dataType": "comment",
"communityName": "r/econmonitor",
"datetime": "2024-03-12",
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}
Entry Information
- Entry ID: 3537
- Repository: Axioma AXP
- Dataset: arrmlet/reddit_dataset_36
- Total Entries: 100,000