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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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Komentáře 100   
Darrien Colbert
Darrien Colbert Před 5 minutami
His bit on Reagan & co highlights one of the biggest misconceptions in our modern political landscape: That GOP presidents and majorities are better for the economy. Idk how this narrative took shape and hold but any recent measurements from 1980 (which marks the rise of Reagan & his policies, which for whatever reason is still seen as an economic standard bearer to the right) on up has shown Democratic presidents have had better track records.
Donald Williams
Donald Williams Před 19 minutami
Lets Sale Florida and Texas to anyone who wound want the piece of crap kick in the crouch States , Florida is under water (Sea rise) and Texas is out of Oil , Depended ON PIPE LINES !!!
황현지
황현지 Před 20 minutami
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Jay Mills
Jay Mills Před 28 minutami
Amazing and accurate
Lesly Suzelhomme
Lesly Suzelhomme Před 44 minutami
Very informative I do like the whole presentation Sir Oliver.
7Gtech **
7Gtech ** Před hodinou
This guy is desilusional believing that debt will not affect the US. Well it is through inflation the US dollar is losing value and it will continue to do so. Other countries are hip to this careless way of printing money out of thin air believing that it doesn't have consequences. Many countries are bypassing the dollar in favor of other currencies that's a sign that they are turning their backs on the dollar buying bonds somewhere else and investing in other countries mostly China.
eric tomasek
eric tomasek Před hodinou
This discussion is a bi-partisan method of keeping everyone's eyes on the national deficit while money printed is loaned to the poor and then paid out to the pockets of the rich. Also, mild dishonesty here, becuase the bush jr and obama wrecks were both also bi-partisan. But I don't expect honesty when discussing money, so i'm ok with that.
Braunstein Freres
Braunstein Freres Před hodinou
This was like the last thing that my self and others in my family thought the republicans were good for, I guess that's out the window now too, or always was. Damn I thought we can at least have one nice thing to say about them lol
Owen Wade
Owen Wade Před hodinou
The cultured square latterly paddle because improvement appropriately occur for a mundane vietnam. hurt, uttermost crab
Bess Dalby
Bess Dalby Před hodinou
I used to think John Oliver was cool and genuinely cares about muckraking, but now I just see him as a tribalistic tool of the establishment whose role is to steer leftists’ attention sharply away from our corrupt fake bipartisan military-corporate run government by making Republicans into the perpetual “bad guys”. That is, IMO, absolutely the worst way to reign in a bipartisan tendency toward irresponsible spending policies that mainly serve to benefit corporate America.
Nana Noah
Nana Noah Před hodinou
When I started this video I didn't expect to learn I'm no longer interested in the second season of Bridgerton.
Fitness SanClan
Fitness SanClan Před hodinou
Good to see Oliver being a good American (not one of those Trumpsters) and (still) pushing the Democrat party's talking points. Come on folks, get on board, uncle Joe wouldn't lie to you. I like when Oliver covered the lie about 15 dollar minimum wage, the single payer health provision and 2000 dollar cheques. Oh wait, not a peep. Keep it up, John. LMAO
Scuba Guy
Scuba Guy Před hodinou
mainly because we are a standard currency and if we fall, the world falls. if the interests rates do go up. watch out. that payment will be pretty steep. but they will just cut programs.
WLH
WLH Před hodinou
you kinda forgot to put in that the highest rates of US military deploiment are navy people to Japan. thousands of US soldiers just sitting in ships around japan for no reason, so maybe the debt to japan is not so cheap maybe it's just being paid by providing them with military resources instead of money.
Lindsey Lockwood
Lindsey Lockwood Před hodinou
Ooof these post Trump episodes suck
Unicron187
Unicron187 Před hodinou
as a european, i have to say, the s**t kinda hit the fan when the interest pay rate became greater than the money made (gdp) by the country; at the time of writing, you can still only get 50 euros in cash per day out of an atm...
Johnny G
Johnny G Před 2 hodinami
Finding ONE economist that stated he doesn't know why the interest rates continued to fall for so long doesn't mean there aren't people who know. Leave it to John Oliver to make a blanket statement implying no one knows.
foggy wet dog
foggy wet dog Před 2 hodinami
Get ready, Biden is going to quadruple it.
kgonepostl
kgonepostl Před 2 hodinami
It's real cute the Republican Senators all of a sudden care about the debt.............adorable. Now go and cut taxes for the rich some more, while pocketing lobbying money, and pushing it on the middle class.
Jennifer Watson
Jennifer Watson Před 2 hodinami
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Zarahemla Dela Cruz
Zarahemla Dela Cruz Před 2 hodinami
Somebody, please send me that pillow XDDD
NYC1E1
NYC1E1 Před 2 hodinami
At the end of day if the money you're taking as credit doesn't make the money back it's a financially problem, no matter what party is wasting/borrowing it.
nsvanlindh
nsvanlindh Před 2 hodinami
Just keep pushing the Titanic into icy waters because you don’t know for sure theres gonna be an iceberg this time sounds like a real solid strategy.
Unknown Being
Unknown Being Před 2 hodinami
Well if you don't count the already filthy rich
Unknown Being
Unknown Being Před 2 hodinami
All that stuff was done for the wrong reason and for the wrong people the people of America never saw a dime of that money f****** ridiculous
bwnri xasrt
bwnri xasrt Před 2 hodinami
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TonyZ
TonyZ Před 2 hodinami
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Julia Franco
Julia Franco Před 2 hodinami
A non-American speaking about American problems 😂
Krzysiek Mazanek
Krzysiek Mazanek Před 3 hodinami
What a idiocracy propaganda, without hard currency they can tax you savings through inflation, your currency is debased to the point of worthless paper
robotpanda77
robotpanda77 Před 3 hodinami
Hey dummies. You realize this ENTIRE piece is a political ad to defend biden's infrastructure bill right? You realize you are being used? Manipulated?
kokoCAT07
kokoCAT07 Před 3 hodinami
When the note comes due all US is gonna say, come and get it. we only invest half a trillion in weapons every year ;)
DavidVT23
DavidVT23 Před 3 hodinami
John's urn says he died March 30th, 2021 (or possibly 2121).
Bart Schoonvliet
Bart Schoonvliet Před 3 hodinami
Actually... interest rates are starting to rise...
Stanley Saldana
Stanley Saldana Před 3 hodinami
I can’t help but think that I hope that dog around 15:15 is having fun with that teargas canister, cause he’s tracking it like crazy. But I also want it to run away.
Frank B
Frank B Před 3 hodinami
You’re a tool of the establishment John Oliver.
Daniel Rodriguez
Daniel Rodriguez Před 3 hodinami
So debt is good because Republicans have double standards and make dramatic campaigns? Got it
Jeremiah Bolt
Jeremiah Bolt Před 3 hodinami
I don't disagree with this comedian about much. But, I disagree here. Our paper currency becomes worth less, we become wage slaves, we live hand to mouth like surfs so long ago. Pretending the economy is ok is like smoking crack in a police station, it's dangerous and has serious consequences.
jdarrah17
jdarrah17 Před 3 hodinami
GENIUS commercial too.
jdarrah17
jdarrah17 Před 3 hodinami
P.S. Rethugs = HYPOCRITES. Hypocrites = THE DREGS OF THIS EARTH. Literally would not save one from drowning. Try me.
Jordan Monroe
Jordan Monroe Před 4 hodinami
Opsie money is fake🤣🤣🤣🤣
Mad kiss
Mad kiss Před 4 hodinami
Saying because spending is wrong because the rich not spending dime.. People will spend money and rich will save it !! So to keep it working you should balance rich gape
Redose
Redose Před 4 hodinami
He wasnt talking about sex
Mike Keller
Mike Keller Před 4 hodinami
Anyone that has looked at interest rates of bank savings accounts, like below 0.5%, and a car loan at .9% or 1.9%, has discovered that as long as you have a job, it's cheaper to borrow the money to buy the car than try to save up and pay cash. Yes, that's oversimplified, don't bring up long term CD's or investments in mutual funds, but that's basically why it's cheaper for the country to borrow now and reinvest into the country, than to put off that work that needs done to those bridges and roads.
Cheydinal
Cheydinal Před 4 hodinami
Yeah, except what the hell do you do if the interest rates ever DO get back up, and you just naively betted on the idea that it will always be this low?
Mike Keller
Mike Keller Před 4 hodinami
Considering Nancy Reagan had an entire Just Say No campaign in the 1980's, I bet Ronald heard it a lot at home.
oifikd1
oifikd1 Před 5 hodinami
If interest rates rise, America is fucked and so is everyone else. And assuming they don't is like assuming an old condom won't break. And the "tax the rich" approach won't work. California has one of the most progressive tax systems in the world and it isn't doing too well. And most taxation is immoral anyway.
Bobby Steve
Bobby Steve Před 5 hodinami
I watched every episode of John Oliver. But we all have to admit this was the worst episode EVER!!.Still Love the man
eric
eric Před 5 hodinami
democrats' solution to everything is to tax rich people (white people)
Cheydinal
Cheydinal Před 5 hodinami
The idea that it's a horrible, magical threshold when the debt/GDP ratio reaches 100% is pretty dumb, because GDP is just what's produced per YEAR, so if our standard unit measured what's produced in a year and 3.52 months, then comgratulations, we're under 100% of that magic number again
Ray & Carole Wallace
Ray & Carole Wallace Před 5 hodinami
See why I have 3 GRAND-CHILDREN????????????
Tyler Raabe
Tyler Raabe Před 5 hodinami
I'm just shocked people still watch you.
BaRRiO FiNiTo
BaRRiO FiNiTo Před 5 hodinami
USA is not taking out debt for building factories and investments in growth... 22% of SP 500 are zombie companies who are fallen angels kept alive by government "help"... And thats not constructive debt, thats just spending what you dont have...
Bart
Bart Před 5 hodinami
95% of our federal budget goes to useless bureaucratic nonesense. Instead of raising taxes on anyone, eliminate the waste and re-utilize the current budget for things we actually need. This video was extremely biased towards raising taxes using some pretty flawed logic.
Bart
Bart Před 5 hodinami
Forcing future generations to work for past debts is a form of enslavement. Forcing people to pay taxes is a form of enslavement. Physical labor with chains on farms is not the only form of slavery, and it is childish to expect all forms of slavery to resemble American South slavery. Whether you steal 30%, 50%, or 100% of someones pay check, you are still conmiting theft. Whether you force someone to work 6 hours, 12 hours, or 24 hours a day, you're still claiming ownership over their body.
Inazarab
Inazarab Před 5 hodinami
MMT
Jefe Birkner
Jefe Birkner Před 5 hodinami
My too g
J German
J German Před 5 hodinami
The GOP are all about narratives that keep them in power. Not actual fiscal responsibility.
rickyjreyes
rickyjreyes Před 5 hodinami
There is no "New Paradigm". The fundamentals will hold true.
Zach Morgan
Zach Morgan Před 6 hodinami
This is some HEAVY DUTY PRO SPENDING PROPAGANDA right here
Matthew Allen
Matthew Allen Před 6 hodinami
So there will never be an other crash. Joe Biden will never raise taxes on the RICH
Matthew Allen
Matthew Allen Před 6 hodinami
Obama spending like bull sh*t solar panel and high speed trains that don’t exist!
Matthew Allen
Matthew Allen Před 6 hodinami
I thought the video was an Antifa or BLM protest.
mrorange
mrorange Před 6 hodinami
Wait... Democrats are now in power and John is still attacking Republicans and not the party in power?! Okay, now I see. Clearly.
mrorange
mrorange Před 4 hodinami
@L D Thats not the point. Political comedy should be about those in power... and yes there was a pandemic in between, maybe you forgot. ;)
L D
L D Před 6 hodinami
Trump inherited a 1/2 trillion dollar deficit. Biden inherited a THREE TRILLION DOLLAR DEFICIT. Biden's been in power for 2.5 months. So...there's that...
Dwight Stone
Dwight Stone Před 6 hodinami
Regan sucked 😂
Smith James
Smith James Před 6 hodinami
The exotic kenneth comparably chase because prepared collectively crash concerning a reflective croissant. well-made, breezy rake
Ironic Ugandan
Ironic Ugandan Před 6 hodinami
It's basically "do as I say not as I do".
Zach Morgan
Zach Morgan Před 6 hodinami
Finally we can get back to issues that matter and not Trumps latest display of ignorance.
L D
L D Před 6 hodinami
We own our debt and we can pay it back. As John Oliver pointed out, who owns most of our National Debt: WE DO. Who do we owe it to? Three trillion: Social Security (still has a surplus): Three trillion: private American mutual funds, One trillion: US Armed Services Retirement Funds, One trillion: OMB federal Retirement, One trillion: State and Local Government (mostly retirement funds); 0.5 trillion: Medicare....etc. Source: The Balance--Who owns our debt.
Nham Bao Uyen
Nham Bao Uyen Před 6 hodinami
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wondertwin
wondertwin Před 6 hodinami
The US is not Greece. Greece relies on tourism heavily instead of manufacturing etc. so of course they're going to be affected differently.
rogermwilcox
rogermwilcox Před 6 hodinami
9:22 : "And the debt was briefly starting to come down" NO. No, it wasn't. Take a look at the actual Public Debt numbers for 1997-2000. Each year, the debt was still growing LARGER, even though we had a "budget surplus." Why? Because most of that surplus came from a Social Security windfall. This was just about the time when Baby Boomers were entering their peak earning years, right before their retirement. By law, Social Security surpluses CANNOT be used to pay down the debt, or pay for "on budget" items like defense. They MUST be invested in U.S. treasury bonds -- the very instruments used to implement the National Debt in the first place!
L D
L D Před 6 hodinami
Social Security bonds are special issue. They are not marketable securities. They can only be used for the trust fund. Since 1983 and through 2020, Social Security has still been running a surplus. Those accumulated special issue bonds in the Social Security Trust Fund are currently valued at nearly THREE TRILLION.
Matthew Allen
Matthew Allen Před 6 hodinami
Don’t worry our children won’t pay the debt. They will overthrow the government
Kwokman Chung
Kwokman Chung Před 7 hodinami
When interest rates stay near zero for a decade, what practically happens is that real estate properties keep going up in prices while savers and people who rely on interests income, mostly older and retired people, lose their savings. The government is stealing from them to pay realtors and bankers.
L D
L D Před 7 hodinami
A sampling of countries with the LOWEST DEBT TO GDP RATIO: North Korea, Afghanistan, Azerbaijan, Brunei, Libya, Iran, Cuba, Russia, Cambodia, Swaziland, Nigeria, etc. Another assortment of countries with the HIGHEST DEBT TO GDP RATIO: Japan, Italy, the UK, Jordan, Singapore, France, Spain, USA, Belgium, Canada, Greece, etc. Of course, it's generally better to not be at either extreme...but which list would you choose////
Dave Joyce
Dave Joyce Před 7 hodinami
The fact that both parties are equally bad at deficit spending and ballooning the national debt doesn’t mean that the debt is something we shouldn’t worry about - which seems to be the ultimate conclusion that John arrives at in this video.
L D
L D Před 7 hodinami
Yes, but how to we get back to having a more or less balanced budget...We did it in the late-1960s under LBJ and again in the late-1990s under Clinton. How did we do it? We didn't really impose austerity measures with massive cuts in federal spending...No, we spent to grow our economy by increasing spending on everyday Americans...
Tyrell Dunn
Tyrell Dunn Před 7 hodinami
Hey John Oliver I know you probably don't reply to comments but I have a great idea for a segment by the way I love your show. The segment would be about dental care in America which I am currently struggling with and I have insurance but nobody can seem to tell me what's wrong with me.
Tyrell Dunn
Tyrell Dunn Před 6 hodinami
Whoever likes my comment thank you but for real I've been struggling with dental problems since I was 9 years old and I work in a grocery store it sucks that I have to walk around smelling like someone died and it's all coming from my mouth
Dave Joyce
Dave Joyce Před 7 hodinami
Tax revenue’s went UP after the Trump tax cuts because of increased growth. Study the Laffer Curve in terms of tax rates.
L D
L D Před 6 hodinami
Umm...the economic growth of the first few years cost us dearly. Tax revenues didn't keep pace with Trump's spending. In just the first two years, he and the Republicans increased spending by 7% and 9%. That's why we had a yawning deficit and a rapidly increased debt. During Trump's one term, our debt went from 19.8 trillion to 28 trillion.
mario yu
mario yu Před 7 hodinami
The uncovered adapter cytochemically plug because syrup thirdly seal over a abstracted yugoslavian. upbeat, boundless transmission
Brena Evans Lathan
Brena Evans Lathan Před 7 hodinami
That advertisement on kids explaining the national debt should run everywhere. Brilliant!
Bader Alaraimi
Bader Alaraimi Před 8 hodinami
I stopped watching in the official channel because you don't include "And now". I'll keep watching from pirates until you start to upload the complete episode on youtube. Good luck 🤞
MrShanester117
MrShanester117 Před 8 hodinami
This video is 30 years overdue
antred11
antred11 Před 8 hodinami
It never ceases to amaze me how Republican administrations run the economy into the ground over and over again and then act like THEY'RE the fiscally responsible ones when a Democrat administration has to come in and clean up the mess the they left behind.
Francis P
Francis P Před 8 hodinami
Japan is at 250% debt-to-GDP and still alive.
Mats S
Mats S Před 8 hodinami
Maybe US citizens should start paying a decent tax?
L D
L D Před 8 hodinami
Exactly, we need to raise revenue by raising taxes on corporations and the ultra rich...When we did back in the 1990s we balanced the budget...
Raymond Fields
Raymond Fields Před 8 hodinami
Stop using kids to push a political message. Proceeds to use kids to push a political message
Jeremiah Hans
Jeremiah Hans Před 8 hodinami
To learn more about this, text Mr Louis on Watsapp (+ 1 3 1 0 8 7 1 8 3 6 5 )
Jeremiah Hans
Jeremiah Hans Před 8 hodinami
I make over $2k weekly profit thanks to Louis Berry. He's a seasoned iNvestor with extensive experience in the financial market.
blanca roca
blanca roca Před 9 hodinami
Incredibly few serious comments or debates here. You all know this dude is pulling the wool over your eyes. Something is clearly amiss. It works out at 42 thousand per man woman and child so that’s near a couple of hundred thousand pounds of debt for every single small family. And no one asked you first if it’s okay to do that in your name. Notice he doesn’t talk much about such facts. Imagine if every country in the world was doing this? Would that be sustainable? Many governments worldwide are borrowing to support failing business and military and nonsense siphoning the money to the rich and little return is going to be seen. Private entrepreneurs with new ideas are taxed to the hilt and can’t get at such funds. It mostly goes to big boys who should just go bankrupt and everyone learn lessons the hard way. The only way the west can smooth the way through the debt is constant money printing and inflation a kind of hidden taxation and other market manipulation and exploitation of third world and population self suicide which is already well under way.
Jeremiah Hans
Jeremiah Hans Před 8 hodinami
To learn more about this, text Mr Louis on Watsapp (+ 1 3 1 0 8 7 1 8 3 6 5 )
Jeremiah Hans
Jeremiah Hans Před 9 hodinami
I make over $2k weekly profit thanks to Louis Berry. He's a seasoned iNvestor with extensive experience in the financial market.
Calvin Wong
Calvin Wong Před 9 hodinami
see how these repulican tried to blame others while they don‘t fix their own shi*t. ! fix the tax evasion !
Edwin Ng
Edwin Ng Před 9 hodinami
cscamera.infoj4lRsK7m63I?feature=share
SMG87
SMG87 Před 9 hodinami
I predict that tonight's main episode is going to be about the British Monarchy. I hope I'm wrong.
Aurelio Ramos
Aurelio Ramos Před 10 hodinami
Government bonds at this time are *not* a pretty safe investment. unless by that you mean a safe way to erode wealth.
Franco Cousins
Franco Cousins Před 10 hodinami
The chief shingle definitely instruct because pimple impressively record on a outstanding stopsign. tricky, electric hardboard
rootvalley
rootvalley Před 10 hodinami
The problem with debt is it allows spending beyond your means for what you need until you forgot what you needed.
David Solis
David Solis Před 10 hodinami
I suppose the economic collapse did not leave any deficit issues. Oliver is not very smart.
David Solis
David Solis Před 10 hodinami
Hmmm. Are we saying that government is a lender to factory builders?
lykou sar
lykou sar Před 10 hodinami
Don't listen to people that believe in the modern economic theory, it's flawed and putting these people in charge will turn any country into Greece 2.0.
MrAaronschoice
MrAaronschoice Před 10 hodinami
You’re the parasite mr oliver
Edward Mottram
Edward Mottram Před 10 hodinami
If you owe the bank $100, that’s your problem. If you owe $100,000,000 that’s the banks problem. Lol.
Juliana Sayago
Juliana Sayago Před 10 hodinami
Love Ted Cruz’s poem 😂
Tater Tots
Tater Tots Před 10 hodinami
The incompetent kevin outstandingly bless because poultry monthly coil between a volatile money. verdant, obedient pizza
L
L Před 10 hodinami
Lets see how that theory works if interest rates suddenly start to rocket. It only takes a small change for the butterfly effect to take hold and make it really bad, oh and the riots start when you can't afford to pay your rent and eat that month.
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