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

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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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4.04.2021

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Kommentteja 100   
Dirty Pagan
Dirty Pagan Minuutti sitten
If republicans are so anxious to pay off the debt, maybe they should, you know ,collect the taxes from the rich...
Mike Broughton
Mike Broughton 4 minuuttia sitten
Gotta love how the debt clock has an added section to shame families for a debt they have no control over
Hainero2001
Hainero2001 20 minuuttia sitten
Everything about this is bullshit.
sam
sam 23 minuuttia sitten
I liked the TI-89 helps with high level equations and simulations.
A P
A P 49 minuuttia sitten
Economic moron wrote this segment.
Keith Karnage
Keith Karnage Tunti sitten
When you need one, you'll have two!
The Angry Finger
The Angry Finger Tunti sitten
Oh Sarah Palin I forgot about you. Let's keep that trend going okay?
Don Robertson
Don Robertson Tunti sitten
Running a deficit? Tax cuts! Running a surplus? Tax cuts!
Tyler Durden
Tyler Durden Tunti sitten
someone tell me where i can adopt this man. lol
Shepard
Shepard 2 tuntia sitten
Poor dog
Shepard
Shepard 2 tuntia sitten
...ummm remember Greece?
rebelyell1983x
rebelyell1983x 2 tuntia sitten
Oliver misses some points here: 1) Interest on the debt that is ever increasing will become a bigger and bigger expenditure for the gov. Let's say the interest rate goes from 1% to 2%....well you just doubled your interest payments! Interest payments will become a bigger expenditure than medicare/military/social programs etc. That's is what is concerning. Meanwhile the debt and the interest you have to pay on the debt is EVER growing. 2) Sure those kids are happy with investments that worked for them....but what if they want to make different decisions for their country when they come of age? Maybe they don't want that highway? or want something different? Do they then in turn saddled their kids with debt?
Shepard
Shepard 2 tuntia sitten
Ya but , just print some more money...wait, and hit the reset button.
mena88
mena88 2 tuntia sitten
I guess we should ignore the correlation between the dramatic increase in monetary inflation (which is debt) since the gold standard was dropped and the increasing disparity between the rich and poor, exploding tuition costs, unaffordable housing prices and yes the impact this will and is having on future generations.
D Bone
D Bone 2 tuntia sitten
R.I.P John Oliver, who died a week before this episode was published to FIplace.
e mills
e mills 2 tuntia sitten
Get out of the dollar. Get into cryptocurrency before it's too late. Oliver is just pushing state sponsored propaganda.
Joshua Marshall
Joshua Marshall 2 tuntia sitten
John you're letting political views stand in the way of actual facts. Your dollar is loosing value against major currencies, coupled with your interest rates about to be reevaluated this month, your debt window to be reached by July. Also your inflation just doubled over the course of a month. I'm a liberal ball bag but the facts are here Trump and Biden spending will cripple the American economy. I'm Canadian and up here we see it and are either buying property or gold to maximize our capital personally because the American economy is looking like Schroeders Cat however one outcome has higher probability than the other. So stop with the political nonsense and actually do research on the economy instead of cherrypicked information to keep your viewers comfortable.
Barry William Teske
Barry William Teske 2 tuntia sitten
John Oliver has huge hands.
WalyB01
WalyB01 3 tuntia sitten
Tax the rich, feed the poor, thill there into no rich no more.
Karim Kerachni
Karim Kerachni 3 tuntia sitten
For the first time ever, I disagree with you my dear John Oliver - nice piece, wrong conclusion
spook
spook 4 tuntia sitten
We know everything exactly how it works yet with each financial crisis we are left with our mouths and eyes wide open.
Elle Russell
Elle Russell 5 tuntia sitten
For me, the worst part of this whole thing was the poor dog at the riots.
Brazylilionare Woods brazyl
Love it, love everything about it, the ending was spectacular, you nailed it once again John, great job 👍⭐️⭐️⭐️⭐️⭐️
Axis Galaxis
Axis Galaxis 5 tuntia sitten
So who got d money cuz we sure didn’t get it?
Stefan Zzz
Stefan Zzz 5 tuntia sitten
John, the issue of debt will come to roost when inflation pays you a visit. High debt with low interest is fine and dandy... but...
uberx24
uberx24 5 tuntia sitten
As someone who plays city skylines: building an industrial zone (factory in this analogy) off of a loan is the best investment to pay off the negative money you've accumulated from city growth.
Albert Camus
Albert Camus 5 tuntia sitten
hmmm u should run analytics on the rario of likes/dislikes,,,could actually be some contingent indicator or something
Albert Camus
Albert Camus 5 tuntia sitten
hahaha i love how just be starting any given video by looking at the dislikes i can somewhat guage the degree of "idiocracy" out there haha...sooo this one had 8.7 thousand morons?? WOWW
mgwilt
mgwilt 6 tuntia sitten
The way debt works in the macroeconomy is not the same as how it works for, say, a mortgage. That seems to be the case, anyway.
David Acero
David Acero 6 tuntia sitten
I really hope the 5 million people who watched this now understand the debt better,
troglodyte01
troglodyte01 6 tuntia sitten
21:05 Notice the dates on the urn?
Beck Cetera
Beck Cetera 6 tuntia sitten
People think that lower tax rates are a good thing...they don't actually get how tax rates apply to income bracket and personal vs. business tax. The USA doesn't seem to get how tax works haha.
frozenboot68
frozenboot68 7 tuntia sitten
14:40 that poor dog.
frozenboot68
frozenboot68 7 tuntia sitten
Stupid right wingers don’t get it.
frozenboot68
frozenboot68 7 tuntia sitten
I remember Reagan as one of the worst US Presidents ever. And there is a library named after him? He who never read books? And an airport? He who caused utter chaos in the skies by single handed lay trying to dismantle the air traffic controllers? Pulease. Stop re-writing history, Americans.
BruceNJeffAreMyFlies
BruceNJeffAreMyFlies 7 tuntia sitten
So china owns 1.1 tril of americas debt, america owns over 2 tril of chinas debt, but they have kids swearing allegiance to the Chinese over debt... American republicans are fucking insane.
Moza G Smith
Moza G Smith 8 tuntia sitten
I have a favourite kind of calculator... but that isn't because I'm good at maths, it's just cuz I grew up in a school where it was cool to be smart and pitiful to be and idiot... Not that idiots got bullied, no it was already assumed that their parents were doing that for them. . . I liked the calculator that looked all smooth and was easy to use and read.
dollores
dollores 8 tuntia sitten
God damn I hate Bush Jr. He's the reason we can't bankrupt our student loans
Sauharda Rawat
Sauharda Rawat 8 tuntia sitten
We need to have serious discussion on this flaky financial system. Don't you think, a system where if you put an input, your output would DEFINITELY be lower, (by 2-10%) is broken. Why have we all adopted such a lousy system. Lower interest rates would lead to more inflation in coming years. It's a trap!
Lex Blazer
Lex Blazer 8 tuntia sitten
Yikes. Disastrous John Oliver piece - maybe the worst I've ever seen from him in 5 years - there's only one part he got right....HE (and his writers) truly do not understand how inflation, interest rates, debt or any of it work. Apparently, as long as it fits the current MSM narrative, we should spend without worrying about any of those.
aquavita1
aquavita1 8 tuntia sitten
Debt is not bad by nature, but it makes the borrower more vulnerable. When running a lot of debt, the borrower will rely on additional debt to close the yearly deficit. The actual tipping point accurs when lenders lose confidence in the borrower's ability to repay and stop lending. That is why noone knows when the tipping point will come, as it relies heavily on reputation. I don't see USA losing public trust any time soon, but it is not a safe route to take.
Donnie Darko
Donnie Darko 8 tuntia sitten
What we really need is a separation of State and Money. When the state prints money, however noble the cause, it is diluting the savings of its citizens and redistributing that purchasing power to bureaucrats who then decides how that new money is spent. This puts the bureaucrats in a highly corruptible position. Those closest to the new money (govt contractors, wallstreet etc) benefit from the Cantillon effect - taking advantage of low prices before prices can adjust to the inflation. The new money usually flows into assets - stocks, real estate etc - as unallocated money always finds its way into high return investments, thus causing asset bubbles. The rich who own assets get richer while the poor, who now have diluted dollars have to work harder to afford the same standard of living as before the inflation. The poor then demand entitlements, which leads to more money printing and more inflation, which just exacerbates the problem. Over decades, the middle class disappears and society bifurcates into rich (asset holders) and poor (cash holders). Then revolutions occur.
Nick Flaumitsch
Nick Flaumitsch 8 tuntia sitten
Stephanie Kelton's - "The Deficit Myth" if you want an economist who can explain this shit.
Mikihisa Karibe
Mikihisa Karibe 8 tuntia sitten
Not to be racist, but I like this show
Matt
Matt 9 tuntia sitten
The moment interet rates increase, the debt will become an issue. Spend money on infrastructure in bad times, save money in good times. But don't spend money you don't have all the time
Nic Halabicky
Nic Halabicky 9 tuntia sitten
We have a democrat as president which means it's time for republicans to start pretending they care about the national debt again. Even though historically the deficit skyrockets every time they're in office
Cody Eason
Cody Eason 9 tuntia sitten
You should replace Trump's hands with chicken feet. His hands looked like gross chicken feet.
TheFreePantheist
TheFreePantheist 9 tuntia sitten
Gold is money, Dollars are debt
JoJoPanda03
JoJoPanda03 9 tuntia sitten
Lovable human rights violation..... so accurate
David A
David A 9 tuntia sitten
What a bunch of nonsense... The arrogance of these media characters is astonishing: who needs to know about History and Economics to talk about History and Economics?
Rebecca Firlotte
Rebecca Firlotte 10 tuntia sitten
He should get all of his poems put into an anthology. I'd buy it. Just like Marlon Bundo! Screw Ted Cruz
ZT1ST
ZT1ST 10 tuntia sitten
@20:15; HBO Execs: "Really, John? You want to buy *two* Nick Cage in a Banana Pillows? And how do you expect us to get value from that?" John: "That's a good point - you should spend some of that money keeping your children pre-occupied talking about the economy." HBO Execs: "Wait - you have an idea of a Covid-safe way to keep our children busy for a few minutes? Okay, if that's the deal for getting you those two Nick Cage Banana Pillows, that's a bargain - what's the script they have to learn?"
Oscar Viaje
Oscar Viaje 10 tuntia sitten
I love your poem made for Ted Cruz...
Renato Corvaro
Renato Corvaro 10 tuntia sitten
Hearing Republicans complaining about the debt they're largely responsible for is par for the course.
Ragnar Ólafsson
Ragnar Ólafsson 10 tuntia sitten
Nailed it! Thank you 🙏🏻
Danny MacDonald
Danny MacDonald 10 tuntia sitten
You CANT talk debt now republicans,....🤨🤔🙄👎🧐🤢🤮
Artsy_Judoka
Artsy_Judoka 10 tuntia sitten
The fact that even people whose whole job is to understand the economy aren't really sure what's going on is terrifying. Inventing money was a big mistake.
Patrick Granahan
Patrick Granahan 10 tuntia sitten
And the guy who started an insurrection filed for bankruptcy 6 times...he blew daddy’s money and then relied upon the Russian mob and putin..still the orange face of the not so gop...smh
SuzukiKid400
SuzukiKid400 10 tuntia sitten
This was pretty poor journalism. Was hoping for facts on deficits and debt and it was just a video of republican bashing. Why can’t anyone just make factual videos instead of trying to sound righteous. The part about Greece going bankrupt and him making jokes just show how uneducated he his about that situation. Greece was literally bailed out by the European Union. If the US debt condition becomes as bad as Greece, who will bail the US out?
Pandaboi
Pandaboi 9 tuntia sitten
@SuzukiKid400 Fundamentally, giving money to the rich is bad for the economy, giving money to create infrastructure, create jobs, and support the poor is good for the economy. We have more than the US base that assertion on. The Republicans are famous for tax cuts to the rich. Regardless of how you look at it, the Republicans actions are worse for the economy. It's not just cause and effect, it's inductive reasoning.
SuzukiKid400
SuzukiKid400 10 tuntia sitten
@alexlikesallthegamez yeah, I get it, it’s a simple concept to understand.
alexlikesallthegamez
alexlikesallthegamez 10 tuntia sitten
Pretty much, we can loan money as a country to save money in the future or to make money as an investment. If we use the money incorrectly we lose money. The dept could be a good or bad thing. We might be able to fix the dept but we are doing it improperly. There is a possibility that the US turns out like Greece but that hasn't happened. John is usually right and uses comedy to make his videos more interesting to some people.
SuzukiKid400
SuzukiKid400 10 tuntia sitten
@Pandaboi I think you missed the point of the video. You can’t correlate anything to a particular party. They can’t explain why interest rates are going down, they can’t correlate good debt vs bad debt, they don’t know if the US will end up like Greece or not. The segment was just a bunch of assumptions and assertions making forced conclusions on the basis of party bashing. The cause and effect of what one party does melts into the next. Modern politics are all about buying votes to stay in power, not about making wise investments for our future.
Pandaboi
Pandaboi 10 tuntia sitten
Watch the video again, and this time pay attention. The danger of debt surpassing growth is real and concerning, but the republicans have been rapidly racking up debt without increasing growth. The video covered this, hence why it was necessary to bash the hollow shell of what was once the Republican party.
Ruslan Kain
Ruslan Kain 11 tuntia sitten
Basically, modern monetary theorem (MMT) - which is controversial and gives printing jaw-dropping amounts of money sum flair of intellectualism. Also, we do know how interest rates are determined ... they're determined by the federal reserve bank (central bank). Also also, what about the trillions of debt created on stimulus checks that don't lead to increased economic production? wouldn't that lead to inflation?
Pandaboi
Pandaboi 10 tuntia sitten
Giving money to the rich and they save it, give money to the poor and they go and buy food. The economy thrives when money circulates, hence giving to the poor is better.
Julian Kelly
Julian Kelly 11 tuntia sitten
Who else can't wait to hear John's thoughts about Liverpool joining the corrupt European Super League?
your name
your name 11 tuntia sitten
If You Are Not a Liberal at 25, You Have No Heart. If You Are Not a Conservative at 35 You Have No Brain" -Winston Churchil
Pandaboi
Pandaboi 10 tuntia sitten
I do not understand how that fits in.
DanCanRV2
DanCanRV2 11 tuntia sitten
Where was all this GOP concerns when it came to Defense spending and trumps tax break for the rich ???
C.E J
C.E J 11 tuntia sitten
Why is there such an obsession with China with American politicians? Like why does the US and the West always have to be so antagonistic towards the East?
Pandaboi
Pandaboi 10 tuntia sitten
Well China is a totalitarian regime with a population of 1.2 billion that is making efforts to expand their influence. Of course, China is on the cusp of significant internal turmoil due to a few major failings on the part of the government so their influence isn't likely to continue on this upward trend. I'll give my opinion even though you didn't ask it. Despite their self-destruction, we should definitely do something against them, and my first choice would actually be what Biden has done and push to manufacture computer chips domestically. Many experts believe that if World War 3 occurs, it'll be a cyberwar, so to address that possibility the first step would not be military spending but be building redundancy and security into critical infrastructure.
TarriPup
TarriPup 11 tuntia sitten
RIP John, although that probably won't stop him from broadcasting from the afterlife, which coincidentally is also a white void. And if we ever return to a studio setting with an audience, the audience is also dead. John Oliver, now John Odeader, fucking shit up for God and Satan for shits and giggles.
John Hofer
John Hofer 11 tuntia sitten
I know I'm just a ripple in the pond, but keep fighting the good fight, John (and crew!) You are the modern Jon Stewart
seneca983
seneca983 11 tuntia sitten
Japan's debt-to-GDP ratio is almost 250%.
Pandaboi
Pandaboi 10 tuntia sitten
Also worth noting, they have one of the lowest unemployment rates in the world.
SleepingDrag0n
SleepingDrag0n 11 tuntia sitten
Over 20 minutes of bullshitting and you didn't even mention the real reason behind the debt being a non issue for America. It's the US dollar's global hegemony as the reserve currency, enforced by the US military. The Fed can print pieces of paper, and other countries are forced to give you actually products and goods in exchange for those pieces of paper. Those who don't get accused of human rights violation and get "freedom and democracy" dropped on their cities. How else do you think a country full of twats like you can enjoy your first world standard of living when all of your just sit around yapping instead of actually producing any of the goods you consume? Fuck you, fuck your Democrats, fuck your Republicans, fuck your whole country that holds a gun to the heads of the real workers of the world and says "give me stuff for these green piece of paper or I shoot".
Pandaboi
Pandaboi 10 tuntia sitten
It's not so much that it's the global reserve currency by force. Because it's the global reserve currency it's stable, and because it's stable it's the global reserve currency.
devilaces
devilaces 11 tuntia sitten
Republicans: "You're going to leave the children starving and without hope!" Democrats: "Then we can agree on funding for child care and education?" Republicans: "Hell no! Cut social services and education! No one uses that waste!"
Dan Riverso
Dan Riverso 11 tuntia sitten
This will not age well. You conveniently left out some very important points. Further, keep in mind that debt wasn’t seen to be an issue before the ‘08 financial crisis.
amanda Marie
amanda Marie 12 tuntia sitten
Please dont support a charity that supports eugenics. Listen to Autistic people, we do not want this, you are hurting our community!
Pandaboi
Pandaboi 10 tuntia sitten
?
K C
K C 12 tuntia sitten
Clinton finished over a trillion in debt
Pandaboi
Pandaboi 10 tuntia sitten
Bush was 5.8 trillion, and Trump was 6.7 trillion. Reagan was almost 2 trilion. Admittedly, Obama was higher than all three of them, but that was during a recession, a time in which it's accepted by anyone with any understanding of economics that accumulating debt is not only acceptable but advisable.
Peter Xian
Peter Xian 12 tuntia sitten
Let's Go!!! take on more margins and swim ...
Peter Xian
Peter Xian 12 tuntia sitten
Interest rates normally correlates with risks. when they are low across the developed world, this should mean we are in a much safer environment than in the 80s... cold war, remember?
agentchuck2
agentchuck2 12 tuntia sitten
Yeah everyone, grow up! Ballooning debt under the democrats is clearly going to be a good thing for you and the future! I mean, it was awful under the other party, but this is clearly 'good' debt.
Pandaboi
Pandaboi 10 tuntia sitten
The point was that the Republicans accumulated debt with tax cuts for the rich, something which actively hurts the economy, while the Democrats accumulated debt through public spending, which benefits the economy. Not to mention Republicans accumulate way more debt.
Calie-Anne Caz
Calie-Anne Caz 12 tuntia sitten
I’ll never understand how governments always give tax cuts to the richest ppl and over tax the lowest earners? Wouldn’t it be a lot smarter to tax the top 10% of earners 2% of their earnings then to tax the lowest earners 20% (just estimating pls don’t fact check just making a point)I’m sure the 2% from rich ppls pockets would likely be a lot less noticeable by the tax payer and the government would be making way more then they would taxing the lowest earners 20% and they (the lowest earners) will feel it a lot harder then the top 10% will. Can someone in economics do the math cuz I do t see how no one sees this the only reason i can think of is they (the government) don’t want to Piss off their friends 🤯🤬
Pandaboi
Pandaboi 10 tuntia sitten
There's no economic sense behind it, the Republicans are just trash human beings.
jello hunter7
jello hunter7 12 tuntia sitten
This argument makes the point that debt is an investment in schools/infrastructure, while completely ignoring that a large part of government spending is entitlements and the military.
Peter Ilisituk
Peter Ilisituk 12 tuntia sitten
It amazes me that John Oliver didn't talk about the South Seas bubble debt.
Jeremy Armstrong
Jeremy Armstrong 12 tuntia sitten
Texas Instruments 84 plus is obviously the best graphing calculator
Guzwar
Guzwar 13 tuntia sitten
That poor polar bear.
alexiane250
alexiane250 13 tuntia sitten
"we are worried about the children's future" says the party that is AGGRESSIVELY against anything to stop / reverse climate change
despairedboy
despairedboy 13 tuntia sitten
Now we know where 45 learnt how to pronounce Chyena, as always, it all comes back to Sarah Palin.
Shelly Justice
Shelly Justice 13 tuntia sitten
Republicans have memory loss of Bush's useless and extremely expensive wars... the only place that FBI said was where the planned 9/11 attacks came from was Saudi Arabia.... but the Bush's love Saudi so much, they attacked other nations that had never hurt anyone... because people wanted justice immediately.... they trained soldiers to just kill kill kill... they killed fucking civilians in Iraq and Afghanistan for no fucking reason!! Why would Bush punish bin Laden??? He was his business partner!! After 9/11 , Bush immediately chartered all Bin Laden living in the USA and flew them all back to Saudi Arabia for their protection??? -- on taxpayers money to boot.
NB_Knight
NB_Knight 13 tuntia sitten
"that sounds like something that's gonna take about 3 pages of your notes app" thats GOLD
bitsizecrayons
bitsizecrayons 13 tuntia sitten
Havent watched this fuck in four years. Still same whiny little bitch he was before
Nathan Carmichael
Nathan Carmichael 13 tuntia sitten
That suit is a beautiful shade of mediocre
K3VYK3V1
K3VYK3V1 13 tuntia sitten
.."going into debt can actually be a good investment in the country", and how much of the u.s. national debt has been a good investment?
D Topa
D Topa 13 tuntia sitten
Finally in Canada
GiarkReleos
GiarkReleos 13 tuntia sitten
17:08 the answer is greed. . . don't forget once you got more borrower's you can always increase the interest rate. AND remember that interest is not a capitalist tool, but a Fascist one !!
2HelpfulGuys
2HelpfulGuys 13 tuntia sitten
How do you talk about debt and not address central banks...
Custo
Custo 13 tuntia sitten
Amusing that they made fun of Elon Musk, insinuating that government subsidies of EVs is bad?
Artillery116
Artillery116 14 tuntia sitten
Aren’t the republicans the one that went farther into debt to give rich corporations more money?
James McCarte
James McCarte 14 tuntia sitten
Funny how economists have NO idea what is going on, and yet the right STILL keeps telling us "listen to the economists"!!!!!!!!!!!!!!!!!!!!!
Thirst Fast
Thirst Fast 14 tuntia sitten
You know when you get so drunk when you don't think pounding a bunch more is a bad idea, but really that's going to guarantee that you're going to puke for 2 hours now, and then be sick the whole next day? America is that kind of drunk right now. Don't believe me? Think about how impaired the general intelligence is, and how ready to fight everyone is. USA making the decisions now that ensure she's gonna puke then hang over, and it ain't gonna be pretty.
HoodieSticks
HoodieSticks 14 tuntia sitten
I'm always impressed by LWT's ability to find child actors willing to drop F-bombs on TV.
James McCarte
James McCarte 14 tuntia sitten
debt = slavery. At certain times and places in history, people WERE enslaved for debt. Like in classical Greece and ancient Israel
James McCarte
James McCarte 14 tuntia sitten
Sarah Palin sounded like fucking Mickey Mouse!!!!!!!!!!!!!!!!!!!!
James McCarte
James McCarte 14 tuntia sitten
Funny how the people who bitch about the national debt ALWAYS have more money for the military!!!!!!!!!!!!! And always find reasons to start a new fucking war!
capefeather
capefeather 14 tuntia sitten
Given what many of them do and where many of them get their money from, I'd argue that Republicans know exactly how debt works and are just lying to stoke racist fears.
Slippy Slip
Slippy Slip 16 tuntia sitten
Love it. Not an economist. Last national debt england had, ameribro bailed them out. This time, nobody remembers the 70's. All of you will learn what pain is, and crumbs, and lines, and lead.
Seuraava
Extreme $100,000 Game of Tag!
16:54
IMPOSTERS! April Fools Pranks!
14:16