I clicked this thinking "Surely there is NO way this typical biased mouthpiece could make skyrocketing debt into "a GOOD thing". Was wrong. Is it too much to ask that some of these folks judge the negative/positive spin they're going to take, off of the actual topic, rather than which party is in office at the moment?

could they just skip the ,,funny" parts?! I always skip them, because they are sooo cringe. ,,Funny tv man talking about stuff" is actually better about talking stuff, than being funny...

then just kinda pretended a bunch of people calling themselves economists knew how it worked.

What is Ophisticated?

Well I mean we did have Greece like riots, but that was because police and people thought it was ok to gun down and suffocate unarmed black people to death.

Fucking Republicans complaining about a debt like they weren’t the ones who raised it to its highest level in history not even 5 years ago

I love this show

The Impossible Mission Force is giving press conferences now?!

If you are in debt and all you do is work to pay off the debt...which is what millions of Americans do...it sure sounds like at a minimum being in bondage. Hello!

Hello from Greece. What has happened here is MUCH WORSE than just riots.

Jon thought me a lesson about virtue🤣

Oh, it would be so cool if China owned US

to qoute Billy Joel, ´´we didn´t start the fire!´´. this coming from a dutchy.

Bring back Slavery,that free labor should help.

Can we just take a moment to appreciate John Oliver's rhyming skills? I mean, he needs to write a poem book.

Amazing, a comedian from England explains US debt economics more clearly than any news program, politician or professor in the U.S. Do we need honest pubic service announcements to educate voters? Or would that be propaganda?

13:07 Considering making this my ring tone. Edit: 21:04 And my new background is...

This is actually a pretty good summary of what is wrong (or not) with debts. I'd like to emphasize some points - a state is public (call me captain Obvious) so we should not apply on it what we consider good for a private society or family. It's ok to have deficit and debts for a state so long that this money is used is real economy to make private actors richer/better and help them live in a better country - not a cents from taxes are used to fill the debts. Taxes are used to invest, and states deal with debts by making other loans. It could seem crap but it work pretty well since more than 50 years - what happen in Greece is just that investors didn't want to loan then money. But investors trust the USA so you'll not have the same problem. Actually investors WANT to loan money to the US cause it's one of the safest investments ever. - creating money doesn't not lead to inflation. Of a politician told you so, he is either a liar or a dumb economist (probably both)

Higher interest older debt got paid off with refinanced lower interest new debt so that payments got lower... people do this all the time with mortgages... this isn’t exactly rocket science. Now let’s hope interests keep going down and economic growth outpaces borrowed interests I suppose...

No one knows how the economy works because the only way an economy can work is by everyone agreeing to pretend that it makes sense.

jeff bezos spends his free time looking at hbo's shopping history to guess the jokes in advance

Calling Social Security with the blanket term 'entitlement'.. Really? I played my whole life for the tiny almost unlivable amount I now get back of it.. Less per month than I played every 2 months. So guess it will be a entitlement.. For those who live past 105 years old.. Point is.. Entitlement is their derogatory label.. Not accurate...

I thought for a min that Oliver was advocating to reduce debt, but no, he just wants to increase debt on things he believes are good. Socialism at its finest.

20:47 Is that Elon Musk?

Ironically, it seems like the number one way to screw over future generations with national debt is to elect a Republican, either to the White House, Congress, or both...

17:44 Since I brought up Japan in my previous comment, that shows another pitfall in that Fox News segment from 2011: due to the fact that inflation has been meager in Japan since around the late '90s (and, as I said, Japan's economy has even grappled with deflation at points), Japan de facto had a zero interest rate policy on the part of the Bank of Japan (roughly Japan's equivalent to the Federal Reserve here in the United States) from 1999 to 2006. In fact, Japan had points in the 2000s where its interest rates were actually NEGATIVE. And for the record, while the BoJ did abolish the zero interest rate policy in 2006, it did basically return to it after the Great Recession... It should also be noted that Japan has the world's highest debt-to-GDP ratio as well, one even higher than that of Greece, which is why former Prime Minister Naoto Kan, after he took office in 2010, called it "urgent" (and of course, due to Japan's anemic economic growth, successive Japanese governments spent so much money trying to boost growth in the '90s and 2000s, particularly with public works programs such as erosion control and the building of tetrapods after Ryutaro Hashimoto took office in 1996). Of course, ever since Kan made that warning in 2010, Japan's national debt only exploded further soon afterward, as the triple disaster hit the country in early 2011 and spending had to be done for relief efforts.

16:49 In all honesty, as someone who is quite politically opinionated myself (and I'm a political science major at my college), I just don't understand economics and it was a subject I struggled with in high school. I think to me, one of the strangest things about economics (and often interest rates tie into this, see Paul Volcker's leadership as Chairman of the Federal Reserve when he raised them in the early '80s during Ronald Reagan's tax cuts, all to reduce it) is inflation. Japan, since the '90s (when the Lost Decade began for the country), has had numerous periods of very low inflation if not DEFLATION (meaning prices decrease, and the current economic fallout from the coronavirus has put Japan in another deflationary situation) all while its economy has been officially stagnant, yet Argentina had been struggling with economic problems even prior to COVID-19, starting around 2018, and what was key in making the previous Argentine president, Mauricio Macri, become Argentina's first-ever president in its democratic history be voted out in 2019 was the fact that Argentina has had mega-high inflation rates-sometimes topping 50%. (When Argentina was officially in a depression from 1998 to 2002, the inflation rates were even worse) Argentina's economic problems have also led to contractions in the country's gross domestic product, but I just find it so odd that Japan and Argentina have had simultaneous economic problems and yet their inflation rates are clear polar opposites (or, in Japan's case, arguably the lack thereof).

Oliver is such a fool.

15:25 Since Fox News is obviously a right-wing "news" source it's no surprise they did that in 2011, after all, so much of conservatism relies on fear... That's honestly one reason I'm not conservative, I don't get the point of fear being in politics...

13:24 Any man who goes to Cancun while his state is having a power outage crisis can go fuck himself. We also shouldn't forget he and Josh Hawley basically have strongly defended the Capitol insurrectionists from January 6.

11:35 Sounds like when Republicans blame Barack Obama for a slow economic recovery, they should start looking inwards...

8:07 Now I see where Nancy got "just say no" from...

dept trap is good for developing nation not for developed nation like america its very simple i watched that IMF guys video , oliver team alter that video

The Government is very disappointed, because last time John Oliver made a video like that (called "Debt Buyers"), John Oliver paid people's debt off. However this time he didn't paid of the national debt. The old and the orange (President Trump and President Biden) are very disappointed of you....so disappointed.

Eliminate all branches of the military except for the national guard, stop funneling money to terrorist organizations and puppet dictatorships, fire 80% of the DoD, abolish the CIA. Easy.

Our government really does spend far too much money. And so much of it is wasted or simply “disappears”. We will never hold the politicians accountable because we’re too divided amongst ourselves. The elites get wealthy and remain in power and the other 99% of us are arguing about our opinions on guns, abortions, and trans kids.

Actually, US can borrow (or print) any much money as they want. The inflation is exported to all other countries of the world. Or more likely, the rest of the world is feeding United States of America. Greece failed because they don't have a global army, they can't use such force to "convince" other countries to feed them.

John Oliver is an idiot... "being in debt isn't like being enslaved" ...... IT IS LITERALLY FINANCIAL ENSLAVEMENT

man i thought i hated reagan for not switching to the metric system and "trickle down economy" but now i understand why i hate him more. also it feels like we're at a point where the people who own banks and the majority of money don't understand where their worth comes from, thus the reason of the lower interest rates because they dont know how to balance for assets. also also when do we get to post WWI germany where a loaf of bread requires a wheel barrel of money... or venezuela today.

Every one of those GOP creeps supported Trump's trillions in tax cuts for billionaires and corporations.

Can’t we just print 28 trillion dollars to pay it off?

Borrowing to build factories creates jobs, but our national debt just grows. Is it a fair comparison? John Oliver your just a fake pr man for someone... name he/her it. Also, you’re not funny

wow - and I came into this expecting Oliver would have finally found a topic with a sensible take on. Wrong.

Idk why this came up on my feed. But don't be a debt slave to fiat currency. Buy silver #silversqueeze #EndTheFed

it's because capitalism is fake

People talk about debt like its a moonrock or something from outer space. Theres a famous business self help book called Other people's money. In other words, debt. Thats how yiu grow a business. America is nothing if not business. So people need to get a grip. They need to be concerned with their personal debt situation. Thats debt that is using future dollars. The U S can always light up the creditors.

The end of this episode is pure gold.

I like listening to John Oliver at 1.5x speed. Then he actually sounds like the little weasel he is. Billionaires bother you, but trillion dollar debts dont?

Stop being funny already and just say the points, you are not funny dude! Just cringe! Or hire some better writers!seriously! I was such big fan of the show at once, now I cant stand it!

The same BS the UK public was given before their empire's collapse. Stiff upper lip for the poor while the well-heeled walked off scot-free with your tax dollars in tax havens. I don't buy this import. Pay your bills or be servants to your lender. Britain is the bellwether.

10:39 Actually it is being a slave to someone. In my opinion. Just tell that to the poor who take out loans from the sharks. Maybe he's to rich to know that.

The oppression in this country is real.... My family being low income is suffering from a great deal of oppression from the system in place that governs our people.... Laws are made against the poor to keep families of color oppressed and in some cases like ours it flows over to all of the poor not only those of color. As a family we feel the pain our country is suffering through as so much of our case relates. We are currently guilty until proven innocent. Being denied justice or safety because we aren't rich enough to afford a lawyer... By the way modest means... a program to help people retain a lawyer (and in this case we didnt even start any of the court proceedings) Can only lower the retainer to $1,500. (There is even a case we overheard the lawyer and judge discuss by name where a person suffering from mental illness has to defend herself in family court.) We have been battling against the loss of our children for the last 2 years.(they pulled a trump and spread misinformation and made a decade of false reports all unfounded and even brainwashed coached manipulated and mentally destroyed our children.) Recently we received a letter of recommendation from the therapist that states : To Whom it may concern, My name is ******** ********; I am a licensed marriage and family therapist at douglas CARES. I began working with the ***** and ******I family July 9th, 2020 for individual and family therapy due to diagnosis of post-traumatic stress disorder in many family members. During my time working with the family, they have made immense progress, they are beginning to stabilize however, visits with the kid’s grandparents cause behaviors and anxieties tend to escalate prior to and immediately following contact with their grandparents. There have been several behavioral concerns and stressors prior to and following visits with the children’s grandparents. The girls had been placed in relative foster care, with their maternal grandparents. This placement did not encourage a relationship with their mother and the girls were then moved into nonrelative care. While living with their grandparents the relationship between the girls and Douglas CARES has gone though many challenges. The grandparents would continuously get involved in their treatment and berate them into telling them about their sessions. The grandparents strongly discouraged any positive conversations regarding mom. For example, **** has reported that if she was to behave poorly in visits with her mother or Douglas CARES staff, she would be rewarded with bubble gum ice cream. When **** was ask how long this behavior had been going on with her grandparents, she reported “my whole life.” During **** and ****’s time in care, they have had an estranged relationship with their mother and stepfather; both have been working on reestablishing this relationship in therapy. Both girls are wishing to spend more time with their mother and stepfather at this point. Since the girls have been asking to visit and go back to live with their mother, they have been feeling as if their grandparents are treating them differently. **** has stated that she feels as if her grandparents are mad at her due to wishing to return home. When in sessions with Douglas CARES staff, if they attempted to identify strengths of their mothers or past positive memories, the girls would become agitated and not speak to therapist working with the girls the following visit. Due to these concerns, it is my recommendation that any visits between the **** and ****** family is conducted at the child welfare building. Weekly visits with the girl’s grandparents had become detrimental to the progress the girls are making in treatment. Visits with grandparents should be limited to once a month, supervised at DHS. Since starting visits with their grandparents, **** has begun to act out, including harming her sister, being defiant and having (bathroom) accidents both at night and during the day. I am concerned that these visits are causing a relapse of post trauma anxiety for the family. Thank you very much for your consideration in this matter. And the judge knowing all of this and more still is trying to force us to place our child in the care of people who have done so much to our children already. We as parents are absolutely mortified at the way everything has transposed. We have much more information please contact us by email: allenbowers802@gmail.com

Allen Bowers

16 uur geleden

@Steve Godenich agreed. No one should have to deal with this.

Steve Godenich

18 uur geleden

It's not because of you, believe me, the system is screwed up.

A factory that pollutes. Great Idea!

It's always amusing when Conservative grifters pretend to care about the future of humanity. I swear to god, in any conversation I have with one about things like, you know; global warming, deforestation, over-population, the energy crisis, the response I get is almost universal across the board, "I don't care, I'll be dead". Good news grifters! There won't be a world to uphold us to our debt if the entire planet and 98% of the population is dead!

Interest rates are low because they are artificially set by Federal Reserve and other world governments. Whoever wrote this segment obviously didn’t research this topic at all.

"I don't know I'm not an economist" That's why you are saying stupid things about debt. I really like you work on different issues. But you are toeing the line of democrats. Interest rate are historic low but they will rise along with high inflation.

Jonathan Schwartz

19 uur geleden

ah yes where did you get your econ degree from

John: “blah, blah Republicans bad, blah blah leftist good.” They’re both corrupt, Mr. Oliver.

Jonathan Schwartz

19 uur geleden

then who is good

stimulus that end up in international trade is not creating any economic value in USA.

I was a fan of J Oliver at one time, but not anymore. He responds to the views of others with jokes and absent of any coherent counter arguments. There are economists that CAN explain the trends he mentioned.

Ron

17 uur geleden

First of all, I want to thank you, Jonathan, for a civil conversation. It’s nice to have a peaceful exchange. That being said, we need to be cautious of the dichotomous constructs that only let us see things as right or left. I move within the continuum depending on this issue. I’m not a libertarian, but I do agree with their caution on economic matters. We can still invest in national concerns, but we need to temper our spending with prudent safeguards. Reckless spending will only jeopardize national programs and diminish any progress that we have made.

Jonathan Schwartz

18 uur geleden

@Ron the national debt is something that is used by the right and other operatives to defur progress. The us is too big to fail and if we do the world will suffer.

Ron

18 uur geleden

@Jonathan Schwartz They are not the only economists out there. Some are questioning our manipulation of interest rates and constant printing of currency to support many government programs (military and social). Many of our past economic troubles have resulted from these type of actions. I consider myself left of center and a proponent of many government social investments, but I am not blind to the dangers of careless spending and a lack of real monetary wealth. Just because you cannot explain why something happens does not mean you continue to do it.

Jonathan Schwartz

19 uur geleden

The head of the IMF is a pretty good economists. There are also children who can explain why the earth is round but adults that cannot

The bill comes due in inflation. So great job running propaganda for inflating away the savings and income of the 99%

Jonathan Schwartz

19 uur geleden

just eat the rich when we get hungry

Dog having a blast during a riot about to chase down a tear gas grenade 15:15

"About three pages of your notes app" is john oliver taking shots at logan paul???

I mean if US is just spending someone else's money and is under so much debt.. Why is US still called the worlds number one.. If you are just spending someone else money you are not rich.. you ll have to pay it someday.

The only good news here is you idiots who believe this Bs he's spewing here are gonna get it good and hard when the dollar is worthless.

Jonathan Schwartz

19 uur geleden

ah yes borowing money make dollar worthless. What a genius take from you

So Democrats aren't using a double standard when Obama said that our Debt is Un-American?

Jonathan Schwartz

19 uur geleden

did you watch the video. Republicans cause pointless debt

It's strange how people talk about all the profits,they've been making through trading of bitcoin,while am here not making any profit at all.Please can Someone put me through on the right path or at least tell me what I'm doing wrong?

Jonathan Schwartz

18 uur geleden

@Jeremy Newton those cources are all lies and will not make you money forex in particular you need to know what your doing and the margins are not great.

Jonathan Kristin

18 uur geleden

the secret to being a successful trader is compound interest. Understanding how to use the power of compounding is crucial for any trader. He also goes over how much risk you should be taking on when you're trading forex

Jeremy Newton

18 uur geleden

Cryptocurrency /forex trading is a big chance to make money nowadays, if you can't see that at this point is time you learn more about it

Williams Scott

18 uur geleden

That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts

Jonathan Schwartz

19 uur geleden

dont thats stupid bitcoin is not a stable investment

“What is the reason for that!? Well... idk.” 🤣🤣🤣

What a stupid time to be alive.

John Oliver is is a comedian, not an economist. If you want to learn about national debt go to Rothbard, Hayek, or Mises. Not Comedy Central

F A

20 uur geleden

@j d I think the H is silent

j d

20 uur geleden

HBO dummy. Pay attention

Tax cuts for the rich, solving U.S. debt. Yeah that sounds right. Let’s have the richest top 5 to 1% NOT be forced to give money to the government in very large amounts. That will certainly give the government more money and allow them to repay debt or invest in more smart economic decisions like infrastructure and public schooling, and other things that could repay debt on its own through improvements in the economy. ! Oh and let’s tax the poorer people more. They can give the government all the money they need. What’s that? They haven’t gotten any richer since the 1950s, and only the rich have gained money since then? Nah everything’s fine. Let’s keep taxi the rich less and less. It’s bound to work SOME TIME.

B...b..but commies in the 70s Baby eating hollywood elites! It can't be out fault It must be the commies fault we are in this downwards spiral It can't be because one party placed politics over country That can't have been it

The TI-nspire should definitely be everyone’s favorite graphing calculator

Thank you so much for teaching me about this. The national debt seems like a vagary and politicians throw it around to fearmonger, of course. It's good to know I actually understand what this issue is. You're the best, John

rodrigo siqueira

15 uur geleden

i really expect that you are ironic

"Sick flamethrower Bro"

So basically Republicans lie. And water is wet. More news at eleven!

rodrigo siqueira

15 uur geleden

yes, public debt is a lie. America need to spend more and more

Also, as a 90s millennial, the older generations already fucked us over in so many other ways. Why is national debt the thing yall care about?

Did Reagan really cut food stamps, welfare, and Medicaid though? As a conservative, I certainly wish that he did, but I'm not sure the data proves any of that out. Plus Democrats controlled Congress during the 80's and I don't recall them agreeing to any of Reagan's budget cuts. Entitlement spending rose significantly in the 80's - it wasn't until the 90's that we saw real entitlement reform with Clinton and Newt.

want to laugh? My country's (Italy) debt is 133% of national GDP. I don't know how anyone can take us seriously.

What's your favorite kind of graphic calculator ?! Haha.

Can't imagine, John Oliver speak like a perpetual loan defaulter.

I think this is the only time I've seen a "nahhhhhh, its fine" episode from this show. How fitting.

Best commercial ever. You should put it on Tic Tok. 😂😂😂

For the government to spend money to "grow the economy" they have to take money out of the economy in the form of taxes. And I think the economy would probably know better when to do with it in order to grow itself. So the gist of the show is "rich people have plenty of money to take from and stop scaring people with the word debt". In 2020, the government send was $6-6.6Trillion. If you take all the rich people who are US citizens, line them up against the wall communist-style and take all their money away, you might be able to pay for the first 4-6 months of the year. What will you do after that?

I miss the studio audience 😔

That Ted Cruz poem is classic

Funny that the party that built the system that plummets every student into lifeling debt for getting an education that is worth less every year but that you can't get a job without, wants to talk about the debt that kids will have. Maybe we should feel that way about things like medical debt and a failing wellfare system instead.

Funny like when Trump was in office the USA debt look like a the space shuttle going up...and now they are complaining?

America is run like a very shitty business it goes into debt just to give some of it's executives (big company heads) a giant payday while laying off it's employees (having the majority of people in poverty)

ur the goat john i wrote a rap and used your name to reference cool things thanks my dude

re: Greece-there are three reasons that we didn’t have riots: 1) they weren’t rioting over interest rates-they were rioting over the social safety net cuts that were a condition of the loans and they received. we’d riot too if someone said “okay, sure, we’ll keep your economy alive-but you don’t get social security even though we’re not cutting your social security tax.” 2) the federal reserve-aka the US government-issues dollars, and borrows in dollars. the Greek government borrows in Euros, which are issued by the ECB. The Greek government doesn’t have the ability to issue new dollars to pay it off (not that it would be a good idea to do it all at once, but it’s, you know, possible) and thus the actual amount they owe relative to the purchasing power of a Euro is controlled by someone else. Our credit didn’t take a hit because...money machine can always go brrr. 3) the increased borrowing cost led to demand-side inflation, because the cost of doing business (and therefore buying things from businesses) also went up. Sure, there weren’t more Euros being printed (well, not many-debt arguably does create new money), but consumer prices went up locally in a way totally out of proportion to other Eurozone countries. would love a Modern Monetary Theory followup to this.

This troll of a human being is so misleading. He cherry picks information for his libtard audience

rodrigo siqueira

15 uur geleden

@j d debt is gonna cause the next recession and then this video will age like milk

Dominic Ventre

16 uur geleden

@j d simple, look up the bussiness cycle. It explains all. Also you're wrong withbyour statement.

Dominic Ventre

16 uur geleden

@Jonathan Schwartz facts are facts. You must be one of his loyal watchers. Smfh. Sheep.

Jonathan Schwartz

19 uur geleden

Libtard audience you sound like a smart guy

j d

20 uur geleden

Dems have fixed every republicant recession. sorry, but thems the historical facts. prove me wrong

Comment

That poem sucked! 😂

Love John Oliver and he's totally right about the Republican hypocrisy and the need for the right kind of investment (especially post pandemic) but I'm afraid he's doing a massive disservice by downplaying the eventual impact of our country's wasteful, unsustainable and completely out of control spending.

One of the best places to get news!!!❤️❤️💜💜

Come on we all know the Republicans are no more than BIG CRYBABIES TRYING TO SINK BIDEN & HARRIS DEMOCRATS. I'm 63yrs old and have seen so much with Congress. Biden works for we the people and these Republicans only work for themselves.

stop giving money to other countries duhhhhh

Chuck Itall

Dag geleden

But Israel needs to protect itself from its own created existential terror and manufactured enemy's, and the money helps them fund their lobby that intimidate the politicians to look the other way.

It seems like a bubble.

meh.. he should have stephanie kelton on

The children and grandchildren thing is clearly just performative. If they *really* cared about the future of their children and grandchildren, they would start trying to do something about the fucking planet being on fire.