A video looking at way you can't simply print money to pay off debt. And what has happened when countries have tried to! And for that matter why a country having debt isn't necessarily a bad thing. The only reason the US has the most debt is because the US dollar is considered the most trust-worthy currency and other countries see the US as a safe place to put their money. It would be worse it countries started buying debt of other countries and stopped putting into the United States. The debt may be a lot but it's actually not something that's an issue. The US will never 'pay-off' its debt because that's not how it works.
National debt only becomes an issue if GDP isn't growing, which it is. A more accurate way to see when the debt is an issue is the debt-GDP ration. In which the US is fine in that respect. Whereas Greece and Japan have debt-GDP ratios of over 150%, which is bad.
Also, keep in mind that the US owns debt of many other countries. In fact, for every $1 of US debt, the US holds $0.89 of foreign debt.
Note: if you're having trouble understanding the whole 'long-scale' and 'short-scale' talk then please read this Wiki article:
MUSIC:
Hammock Fight - Kevin MacLeod - (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
IMAGES:
White House: Matt Wade -
Assortment of Money - epSos.de
Flickr users:
Nick Ares(
Taki Steve (
Kevinzim (
(I wrongly credited ZeroOne in the video for the image of the Zimbabwean dollars, it's actually from Wikimedia Commons, and in the public domain)
Wikipedia Articles:
Hyperinflation -
Hyperinflation in Zimbabwe -
Zimbabwean Dollar -
Hungarian Pengo -
Names of large numbers -
Helpful YouTube videos:
'Who much money is there in the world' by Vsauce -
'Understanding the National Debt and Budget Deficit' by John Green of the Vlogbrother -
Clip art from
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