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→Your services as a debate judge are requested
:Well then, it sounds like victory has already been declared. :) --[[User:DavidB4|<font color="ForestGreen">DavidB4</font>]] <sup>([[User talk:DavidB4|TALK]])</sup> 13:52, November 13, 2023 (EST)
:Well then, it sounds like victory has already been declared. :) --[[User:DavidB4|<font color="ForestGreen">DavidB4</font>]] <sup>([[User talk:DavidB4|TALK]])</sup> 13:52, November 13, 2023 (EST)
=== My response ===
It was a total victory, but not totally satisfying because it was against RobSmith whose knowledge of economics isn't at a very high level. So it's kind of like winning a boxing match with a one-armed man.
Regardless, I did fine-tune some things and put the results in my new essay at: [[Essay: The USA can reduce its national debt. It has done it before|The USA can reduce its national debt. It has done it before]].
I am glad I did the essay due to two matters:
'''1)''' I put a link to my new essay in my essay at [[Essay: The United States will be the leading power in the world for the foreseeable future|The United States will be the leading power in the world for the foreseeable future]]. So it made that essay stronger.
'''2)''' I just found out this information due to writing the new essay As far as the [[national debt of the United States]], according to the Wharton School of the University of Pennsylvania article [https://budgetmodel.wharton.upenn.edu/issues/2023/10/6/when-does-federal-debt-reach-unsustainable-levels#:~:text=As%20of%20September%2030%2C%202023,98%20percent%20of%20projected%20GDP. ''When Does Federal Debt Reach Unsustainable Levels?'']: "As of September 30, 2023, the federal “debt held by the public” (herein, “debt”) stood at $26.3 trillion, or about 98 percent of projected [[GDP]]...Table 1 shows that between 2040 and 2045---or in about 20 years---the U.S. debt-GDP ratio will hit between 175 and 200 percent under current fiscal policy, depending on the assumed interest rates. The Appendix shows very little difference when instead using [[Congressional Budget Office|CBO]]’s projections."
Consider this:
"Japan recorded a Government Debt to GDP of 263.90 percent of the country's Gross Domestic Product in 2022. Government Debt to GDP in Japan averaged 146.28 percent of GDP from 1980 until 2022, reaching an all time high of 263.90 percent of GDP in 2022 and a record low of 50.60 percent of GDP in 1980."[https://tradingeconomics.com/japan/government-debt-to-gdp#:~:text=Japan%20recorded%20a%20Government%20Debt,percent%20of%20GDP%20in%201980.]
By the time the U.S. national debt blows up the USA economy, I might be dead! :) I still think it might happen in the 2030s, but maybe not.
Consider this:
There is evidence that in the 2030s the United States has a good chance of experiencing another Great Depression and it could be worst than the first one (See: [https://www.youtube.com/watch?v=TFL8jB4o0VA The Coming Great Depression of the 2030s] and [https://blog.itreconomics.com/blog/top-5-causes-2030s-great-depression Top 5 Causes of the 2030s Great Depression]). However, just as the United States got through its first Great Depression, I believe it is resilient enough to get through its second one. Of course, I could be wrong and perhaps if such an economic depression occurs, it could be a major factor in the United States breaking up as a nation. [[User:Conservative|Conservative]] ([[User talk:Conservative|talk]]) 15:17, November 13, 2023 (EST)