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

čas přidán 4. 04. 2021
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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Komentáře

  • so wich is it, debt is good or, republicans put us there.

  • Don’t worry the Republicans are just worried about the future generations. Which is why they want to make tons of money so our future children can afford to pay someone else to solve climate change. 🙃

  • Debt for growth is what Trump has based his entire life on.....

  • Spoilers The Futurama Space Garbage ball of Earth Destroying Doom is the future’s problem. Barney From How Met Your Mother explains the circle of yelling

  • "OMG we're going to be like the Greeks!" ...except that we print our own currency, sure. Everyone worried about the national debt should fight to cut the DOD budget.

  • Imagine having debt

  • I may be in the minority, but I wish John would have talked about this a bit more deeply. One big thing is that the U.S. does owe money... mostly to itself. Greece owed money to the EU.

  • John looking good with the haircut

  • 20:44 The irony of the jab at Elon's flame throwers when those profits were used to get capital for the Boring Company that is trying to improve road infrastructure...

  • wait, the murder is living freely??

  • Put 2 economists in a room and you’ll get 3 opinions.

  • Defense spending didn't cause the national debt to rise, when Regan was president, it was inflation and a depression, a worldwide depression most severe since World War II, which started in January 1980, before he took office.

  • The reason we don’t know what could happen is because all of it is artificial, self-imposing, and meaningless

  • You gotta be a real asshole to bring your dog to the frontline of a riot

  • Honestly, this story is pretty incomplete. It's not going into the depth it really needs to on some parts of this issue, so it probably should have been a multi-parter. Probably the biggest thing it glossed over and shouldn't have is how the nation budget is not like a home budget. Republicans really love to spin the national budget like someone managing credit cards, but that's so laughably wrong. Really should have talked about what makes sovereign debt different, negative interest rates, and the fact that the dollar is the world's reserve currency. Also should have gone harder on republican hypocrisy in more detail. That part is pretty much preaching to the choir, but it really can't be said enough how full of shit they are.

  • That little ditty about Ted Cruz was so beautiful it brought a tear to my eye.

  • Just say that you want MMT

  • The lack of explanation by economists for our debt to GDP ratio reminds me about this old idiom. If you owe the bank $10,000, it's your problem. If you owe the bank $10B, it's the bank's problem. Greece had problems because it wasn't the world's benchmark currency and largest economy in the world. Our debt to GDP isn't a problem because the world, literally every nation on the planet including our agitator states like China and Russia, cannot afford it to be a problem.

  • 0:49 That´s what she said Sorry people

  • "Uh, yeah, no." John you are so informative and crack me up dude

  • Tax the Rich & train local entrepreneurs ♡

  • 21:06 RIP 🪦 John Oliver 03.30.2021

  • Debt to GDP is going up all over the world so it really isn't a big deal if every major economy in the world is doing the same.

  • Is indentured servitude not a form of slavery? Not chattel slavery, but technically it is slavery until your debt is repaid. It was the most widespread form of slavery along with enslaving your enemies after you conquer them. Chattel slavery, or owning the descendants of slaves in perpetuity is a very unique thing within all of slaveries history.

  • Wait did he really just start to attack a family and try to discredit a money counting clock to show how irresponsible our spending is based on what one person in the family did? I mean I don’t know the family’s history but he’ll drain the debt out because who has to pay for this ? Us.

  • First time I’ve ever been completely disappointed by Last Week Tonight. The fact that the Republican party has abandoned all pretense of backing fiscal responsibility does nothing to change the discussion of whether a perpetually growing debt is a good thing or not.

  • Funny, when solving the debt I first thought of taxing the top 20% earners a lot more, reduce the defense budget, and spend more on useful things like public transport (remember Houston after that hurricane?), social services, education, nuclear and renewable energy and more. Just like John did.

  • We did have riots last year.....

    • Yes a broad generalization mostly unrelated to the debt

  • Huh. Imagine if the GOP would tax the billionaires in this country. Maybe we could fix all that?

  • I smell piss......

  • TAX THE BILLIONAIRES, YOU FOOLS!

  • The left is going off the deep end. Oliver used to have decent points but this is sad.

  • I am Greek and I am watching this being high. I almost died when I recognised the footage of the riot in my city, Athens 😂 Didn't expect that, instead, I thought it's some country in South America 😅 It's not wrong they call us the Colombia of Europe...

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  • Our national debt is huge because our fucking economy is huge. No one can make money like America so no one can borrow like America. Not to mention most of our debt is purchased by corporations and even investors such as myself. Fuck the national debt. Much Ado about nothing

  • I love John Oliver but he actually has got this one wrong and didn’t go far enough. It is very easy to explain why interest rates are low and government debt increasing ....because it’s not really debt. The US government has the power to spend whatever money it wants - they are not borrowing money when they issue treasury bonds...inflation is the only restriction to how much it spends. The government can create the money to pay redeem its ‘debt’ anytime it wants... He needs to check out MMT .

  • Liberal debt lol

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  • Remember, literally everything the Republicans do is good, and even the sight of someone who *makes* things better for everyone means you burn it all down.

  • Tax cheat John Oliver.

  • It is impossible to be in debt to yourself. It is all Banking Lies

  • I just hate Sarah Palin so much.

  • Misleading as fuck. How the hell do you think the rich get richer? Because of genius mindset. Nope. Money printing and debt. There's no risk if the bank bails you out every time.

  • John blew by how much interest we current pay on the national debt and how it could explode to well over $1T annually. If course, short term debt is beneficial. $30T with interest is a disaster.

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  • _bang faces in Hawaii_

  • This isn't an insult but it's going to sound like an insult: Sarah Palin is what Peggy Hill would hallucinate while dying of a brain-rot.

  • 14:39 OMG STRIKE DOGGU PROTECT THE DOGGU

  • Lol it's not slavery? Right, it's modern slavery. Read about what China is doing in Venezuela and Africa. Oliver is nice, but it's like Q-Anon all the shit gone to just ONE side of the political compass.

  • i swear this is the most retarded video i have ever seen

  • Hey John! You like doing deep dives. Audit the Fed! You'll be shocked where all the money is going. I dare you John, Audit the Fed!

  • The ILLUSION of an economy in Crooked Amerika! How can you create millionaires in an army of the rich? Not difficult. You take one BILLIONAIRE who hires politicians and makes them rich, they support Wall Street and things like Dick Cheney's 9/11. Can you imagine being born a millionaire OVER AND OVER AND OVER!

  • I wish that end commercial could exist as its own thing. That was awesome.

  • Stfu dude...this guy needs to just stop

  • There's no nominal tipping point, it will come whenever the powers that be decide that lending to the US no longer becomes a safe bet. Get some good investments in now America, you'll need it when (If?) the shit hits the fan

  • So larger and larger dependance on banks is not an issue at all?

  • "expert economists don't know either " is not comforting .

  • Of all the businessmen to chose from, you pick the guy bringing us to a sustainable environmental future? Elon has my vote!

  • All the time I hear people say "a government should be run like a company" I think: then the government should increase their income by raising taxes. But for some reason raising taxes leads to communism.

  • YOU'RE MY HERO! 🤗🤗🤗🤗🤗🤗🤗🤗🤗

  • Republicans are so pathetic.

  • Money is made up. Debt doesn't matter.

  • OK BOOMER!! 🤣

  • Oh come on do not pretend to be victims. The national debt have no value for America. It impacts all other countries that use the U.S. dollar like China who is stupid enough to store a lot of it and invest in U.S. debts. Other countries has to produce resources, products and conduct services to earn their dollars. America who bought these products, technologies and services and owes these dumb countries money just turns on the printer and all debts are paid with pieces of IOU notes called the U.S. dollar. If you claim years of hard work and priceless materials are worth a piece of paper just printed and stamped by a money manipulator is fair then go to hell. Stop whining like victims!

  • It didn’t happen because the world is on the dollar standard. We keep printing more dollars. Give Peter Schiff a call. Hyperinflation is in the rear view mirror stating “objects closer than they appear”. You can’t print your way out of debt. We’re fucked!

  • This show just keeps getting better and better. Thanks guys, much obliged :)

  • 3 pages of your notes app 😂

  • Before I paid attention and actually took time to listen to the arguments put forth by both sides and the manner in which they delivered them, I found this show entertaining. Now, today, it is impossible for me not to see the heavy bias that is extant here, it is literally impossible not to see it. People need to pay attention, wise up if you're able and not only listen to what is being said, but also the manner in which it is delivered and the rules followed or not followed during what seems a logical or fair debate, it will reveal far more than the words, concepts and bamboozlement being used in the back n forth...I promise.

  • John Stossel? Isn't he the idiot that got bitchslapped half to death once by Dr D David Schultz when he said wrestling was all fake? xD

  • Let’s go to the real issues: *pulls out Nicolas Cage pillow and wolf plate* WHERE DA PARTY AT FAM

  • “Of course, people won’t riot based on whether you click like on my post...or will they?” *riot footage plays*

  • The elegant sock fifthly stare because stinger neuropathologically promise since a wonderful duck. ill-fated, woebegone house

  • Okay, this isn’t racist, but... Republicans.

  • The hateful ash scilly present because authorization clinically telephone till a colossal vase. quixotic, woebegone time

  • Our country the Philippines has borrowed a lot of money due to the pandemic, but we don't know where they are spending it because they've disclosed any activities to the public, we don't feel or see the impact on our debt which is concerning.

  • You could say that debt becomes too much when the interest payments on it prevent any type of discretionary spending

  • LOL John, you should be taxed 100%. Then you will knoww what is slaverry.

  • You could be leaning left or right but, at the end, you'll perish under the force of the big simulator. Keynesianism 28 trillion dollar in debt and the minions are lobbying for even more fake money

  • OMG, you always lift my mood. Thanks. And your Ted Cruz poem..........perfection.

  • this channel became Democrat propaganda, not objective as its earlier years

  • “This lovable little human rights violation” I’m in TEARS

  • Thank you for the very insightfull Show!

  • babes, economists are not scientists, they make up theories out of nothing

    • It’s painfully obvious, this comedian isn’t qualified to speak on economics

  • This is how you know money is fake

  • How many times did fux (or any right-wing pundit), mention the "debt clock" during fatso's fiasco?

  • The awesome caterpillar appropriately learn because geometry hemodynamically vanish amid a mixed sidewalk. acid, coordinated texture

  • Japan isn't agree with tipping point : Public debt stood at ¥1.12 quadrillion - 198% of GDP

  • Someone described John as a bird and another as their weekly depression dosage. His true identity is Tim Burton's toucan Sam, telling you to follow your nose to lines of depression and misery.

  • MMT - The Modern Monetary Theory

  • Jaaaa, I don't think mentioning slavery in itself is racist, but as soon as she prefaces with "this isn't racist" it starts to sound pretty racist to me at least...

  • Are they off this week? :D

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  • I hope it's that simple😄

  • Historically speaking it is almost always the case that US government debt increases when Republicans are in power, and the US government debt shrinks when Democrats are in power. However it seems the ones constantly complaining about the growing debt are always Republican politicians. To me this is a very curious phenomenon.

  • This guy is terrible.

  • The national debt number was put for one purpose, to make people fear. We live in $21 trillion dollar economy, That has doubled in 20 years (year 2000 GDP was $10 trillion). And it is position to double in 10 years, That's $20 trillion. That's more than enough to cover the national debt. In fact, even if the feds gave out $100,000 for every single person in the country, it would not cause a hyper inflation. The establishment want to scare you with these big number but when the time comes (it seem every 10 years) for another Wall street bailout of trillions of dollars, they wont even blink. When they say they don't have the money, they mean they just don't have the money for you.

  • Mr Oliver what if they charged you for your show... reverse work...negative interest...in your show...that would be like the national debt.

  • It’s painfully obvious, this comedian isn’t qualified to speak on economics

  • 🎩 ..... 🌹 ...... ☭ 🤑 🤝 ✊ ⬇️ ⬇️ ➡️ ...... 👑 ࿕ .....⬅️ 🤑 ✋ If Americans don't understand this then China won....

  • Excuse me but I am a Gen Z and here is what I am going to say to Republicans, The National debt is not going to effect young people at all, now our entire planet being messed up by climate change and hundreds of million losing their homes from climate problems will