Why are western countries so wasteful with their money? Why can't

>>69914111
Because they have unlimited money from the world bank. The US at least.

They go almost broke every 10 years or so and then the bank saves their asses, they start some wars, steal some resources and then repeat in another 10.

>>69914111
>good fiscal leadership
>australia
>china
o ya gg post m8 i giv it 10/25 vry gud wel don shit post fuckn amazin ya cunt top stuff

>2011

We are fucking broke now.

>Why are western countries so wasteful with their money?

Because they can afford it. People who think debt is always bad are clueless. It entirely depends on what the debt is spent and the kind of debt.
Do you think African shitholes with no debts are prosperous and with a solid economy?

>>69914243
your country had such a bright financial future

what happened?

>>69914315
If being in debt is so good, then why don't you put yourself in personal debt?

Use your brain moron. No debt is better than large debts.

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>>69914111
>like China and Australia?

You mean like Estonia

>>69914243
Oh, i forgot it

>>69914349
They remembered they were a drug addled shithole.

>>69914111

Wars and lobbying from the private sector.

>>69914449
Not if being debtless means your citizens go hungry and without medical care.

>>69914449
> then why don't you put yourself in personal debt?

Because no bank will loan me tons of money since I can't offer the prospect to be able to reimburse it but if I could borrow 10 millions knowing it will be paid off in 30years when I'll have transformed these 10 millions into 100 millions then I'd totally get that loan.

>>69914449
Well actually i might once i finish my studies, then i'll start a business with it, then i'll be able to both pay it back and earn money
If i don't get in debt i won't be able to start the business in the first place

>>69914449
That's like saying someone who loans money to starts a business and loans for a house is worse off than a homeless man

>>69914841
>>69914857
>>69914928
>>69914994
It's this kind of irresponsible thinking that is leading the west to our demise. We spend lavishly on ourselves while we burden our successors with insurmountable debt. Sound fiscal conservatism is a dead concept to you all.

>>69915135
>oh fug they are bringing up legitimate real life reasons for national debts
>better try to appeal to their emotions since I literally have nothing else

Having half your yearly income in debt is not even that much especially if you believe your income to increase over the coming years

>>69914349
>what happened?
socialism

my economics lecturer lightly touched on this subject

he said that it's usually bad for a government to NOT be in debt, because it means that they're not putting all of the money that they can back into the country

>>69914349
Dilma'd

t. ching long

>>69915474
The marginal propensity to consume for Chinese is much lower than it is for Westerners. This is the main reason why Chinese government's Treasury coffers are so full, most with foreign currencies.

A country being in debt means that the outflow of its central banks securities is greater than its inflow. It all comes down to trust and whether or not the purchasing countries trust the central bank to pay back the money that was lent to them.

Unless you have a mighty military to deter collectors, having a lot of debt is bad for a nation and its people.

>>69914111
>Be EU
>Have to borrow money to private banks with high interest rates
That's one of the reason I fucking hate the EU and wish we'd leave

>>69916695
You should hate Germany instead. They are the ones who forced all EU members to do that because of their Great Depression collective trauma.
Also interest rates are ridiculously low atm so it's not a problem now but it might become one.

>>69916821
But it is still the reason our debt is so high, we're paying the interests of the interests of the interest [...] of our debt, if had borrowed money to a national bank with very very low interest we would never be so high in debt. But yeah German policies are fucking stupid, they can do what they went in Germany but they're ruining Europe right now.

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>>69914221
>Because they have unlimited money from the world bank. The US at least.
No.
>They go almost broke every 10 years or so and then the bank saves their asses, they start some wars, steal some resources and then repeat in another 10.
No.

If the USA is out of money, all they have to do is ask for money on the international markets. Everyone wants US Dollars.

If somehow, the opposition party blocks raising the debt ceiling, all they have to do is print more money. The US dollar is so wanted that the rise in inflation would be negligible.

>>69916471
t. -$19.5 trillion serf

>>69917071
t. Sweatshop worker

>>69914111
Because Sovereign debt =/= Personal debt

The US has never defaulted on a debt, although admittedly it has gotten close.

>>69914111
Welfare state costs too much and vulgar keynesianism.

>>69914349
Brazil is always the country of the future.

>>69917106
t. Globalist banking shill

>>69914111
Because we can borrow at sub-zero rates.

>>69918341
>summoning sub-zero

Because we gotta fund some jewish colony and also the entire world

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>>69914111
>>69914449
>>69915135
>>69917071
>>69918329