Deficits & Debts: Crash Course Economics #9

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1. As I am moving forward through this economics series, I am not able to recollect the past videos, I feel like going back to 1st video, What's the best way to remember the major crux of each video?
2. Social Security has run a profit for a long time, the surplus (and then some) was spent on other priorities so now SS is underfunded (not unfunded) and people are asking for cuts.
3. I didn't understand anything.
4. I'm italian, i didn't know italia was so bad!
5. At 5:10 the Swedish flag is marked as "Norway". How about YOU guys learn some flags, huh?
6. The fractional reserve system in its very nature creates inflation. Deficit spending is BEYOND inefficient and it's completely unsustainable. Social programs never get paid for in full we are in a massive debt bubble and the establishment of the federal reserve is to blame.
7. I still don't understand. How can Jacob spend $800 when he has only $600? Where do the extra $200 come from? I guess he borrows it from someone else but whom do governments borrow from? And since debt never seems to slow down, let alone shrink, lending the government money seems like a really risky investment to me. Why does anyone even do it?
8. ALL HAIL CRASH COURSE!!!!!!!!
9. The damn politicians keep rising the debt ceiling. Stupid americans
10. Just a little wonder, how old are you guys here?
11. It's obvious, handouts!
12. Hi Crash Course! Does government's bond can be counted as government debt? Because if it does so, then it would seems like the disastrous potential of US debt is blown a bit out of proportion. My finance teacher who also work in my country's central bank has said that one of the main reasons why US has a lot of debts is because other countries and potential lenders WANTED to lend their money to the US. The US never beg for loan, they just get them. That explain why the U.S has low interest rate. High interest rate not only reflect the lenders lack of confidence in borrowers, but also show how desperate borrowers are for loan. Basically, the US is kinda, sorta, although not exactly, the new Switzerland, my teacher said. What is your opinion on that?
13. Japan is a creditor nation. So more countries owe money to Japan than the other way around. They would be in better shape if they stopped being a creditor state and just started printing Yen in order to increase consumer strength.
14. There is a debt to China. But the government can always purchase their own debt if the Chinese government refuses to fund the government. In essence, you print bonds, the Chinese government refuses to buy those bonds. Then the government will just purchase their own bonds.
15. 4:32 wrong. Private banks do something called fractional reserve banking. They can loan out money that they don't have. That's why we have an economy of debt. Because there will always be more debt than money to pay off the total debt
16. Let me rephrase here, either a tragedy takes place that kills everyone or go into recession that will give Americans a fraction of today's prosperity?
17. Thanks for all of this great content - using for assigned watching in a university course.
18. Step 1. Increase the age for Social Security availability by X amount of years (People are living longer so...)
    Step 2. Cut defense spending by at least 10% (The military industrial complex needs to be weened)
    Step 3. Required courses in public schools that involve household budgeting, personal development, and investment (401K, IRAs etc) Let's face it, the majority of Americans need these courses more than algebra.
    Step 4. Increase availability and extend the "pay as you earn" system for student loan repayment. Reform the cost of Public University Education. (Think about it. Schools can charge outrageous amounts because the federal government will guarantee loans to almost anyone who applies for them.)
    Step 5. Welfare reform that would include requirements such as community service for the receiving of benefits such as food stamps. This isn't to punish recipients but to allow them the dignity of earning such services while improving their local communities.
    
    I think these would be great steps for balancing the federal budget.
19. I thought the United States borrow money from China. If so? How does that effect the world economy and how exactly does the federal government borrow money? Does the Congress go to wall street bank and apply for a loan? How does the  federal government really borrow money?