The National Debt: Last Week Tonight with John Oliver (HBO)

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Published on April 5, 2021

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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1,515 comments

  • Sugar Sean 2 weeks ago

    😅 Green eggs and Ham reference was priceless my favorite Dr Seuss book, and I won’t let cancel culture destroy it🖕😁

    Reply
  • Morten Aass Authen 2 weeks ago

    Two theories on why the US’ debt exceeding their GDP isn’t a problem:

    1. Money is actually worthless.
    2. Countries and people are less inclined to attempt to ask for their money back when the US controls the largest military in the world.

    Reply
  • Brenda 2 weeks ago

    I both love and dread seeing J. Oliver’s beautiful face on my feed.

    Reply
  • Thiên Duy 2 weeks ago

    Please don’t do the show with audience anymore. It’s so much better this way…I don’t need other people to tell me when to laugh :))

    Reply
  • Friedrich Schober 2 weeks ago

    You know that the Dr. Seuss poem ends with actually liking what you claim not to like in the end?

    Reply
  • ThatNoobxp 2 weeks ago

    The video is fun but not correct at all. Actually some economist are scared af because of inflation. It might go up to 6% a year because of the stimulus paccage. You’re making fun of people who don’t understand dept but you don’t understand inflation…

    Reply
  • Shabazz 2 weeks ago

    They don’t care about the debt when they talk about tax cuts.

    Reply
  • S Jones 2 weeks ago

    Did he call an elementary school for the children? “Hey, this might seem weird but can I borrow some children for my youtube channel?”

    Reply
  • Edmund Wong 2 weeks ago

    Hidden Elon Musk flamethrower slam. Sublime 😂

    Reply
  • Johnny Xiong 2 weeks ago

    Republican lawmakers are so stupid, when they in charge. They didn’t seem to care about the national debt. Bunch of losers!

    Reply
  • John Boulle 2 weeks ago

    Lol this brit nerdy dude… Talking left wing Democrat talking points weird lol stfu

    Reply
  • Marcus Oppong 2 weeks ago

    Plot twist: John Oliver doesn’t get paid for the show and instead gets paid by Nicholas Cage banana pillow sales! A man’s gotta earn their salary somehow.

    Reply
  • Toby Bartels 2 weeks ago

    If you understand the stuff at the beginning about the difference between the deficit and debt, then you’ll realize that it means nothing for the debt to match the GDP. The debt is a total amount accumulated over the years, while the GDP an amount for one year. Nothing special happens because one of those numbers matches the other.

    Reply
  • Erik Oros 2 weeks ago

    To be fair. Aren’t recent generations have already less of a buying power in the midst of a booming housing market?

    Arent recent generations are the ones most living with their families because they cant afford having one compared to the 70s?

    Reply
  • 4D Green Tea 2 weeks ago

    “Foreign investors only own third of our debt”
    In our school in Japan we learned that the American government is making us buy it and they’re probably not even going to pay it back. Our teacher suggested America is going to start a war before they pay anyone back like a child having a tantrum when time comes to pay. Idk if I believe this but knowing America, it’s a possible future.

    Reply
  • Philus 2 weeks ago

    Very interesting to me that this show usually bashes Republicans. But every senator that warned about the the national debt in the clips shown were republicans. These same people were made to look like uncaring greedy when they voted against another stimulus. I don’t care for dem/rep labels I’m willing to hear either side sounds argument. But the level of bias and hypocrisy sometimes is nonsense. With the kind of show that this is I wish it would remain a bit more unbiased and balanced. Just my thoughts.

    Reply
  • Nefeli Tsakiridi 2 weeks ago

    What a great thing to wake up to

    Reply
  • Rob 2 weeks ago

    USA also in a unique position, the dollar is essentially the “world” currency and they own the printing press ie. The Federal Reserve Bank. They don’t need to worry about “printing” more money

    Reply
  • T 2 weeks ago

    Oh it’s time to see people commenting about how fun anxiety is

    Reply
  • Daniel Galimidi 2 weeks ago

    10:00 Each time a clip of Sarah Palin is shown, I have to remind myself that she’s a real person and not a character Tina Fey made up for Saturday Night Live.

    Reply
  • Roger hagger 2 weeks ago

    .what John Oliver did NOT do was to place the “national debt” into a global perspective! Also he did not even try to calculate the cost of all the wars the USA has been in and is still involved – even the cost of financing the occupation of Palestine. Debt increases the pressure to increase productivity, it increases destructive competition… finally the third world is enslaved to the “western democracies” by cheap raw maerials/Labour and DEBT . . .

    Reply
  • callmcr 2 weeks ago

    I cant believe he made that bridgerton joke about not finishing 😂😂😂😂 god i love this man

    Reply
  • Georgia B 2 weeks ago

    No one:

    That one kid: THAT’S NOT A CLOCK!

    Reply
  • Ryan Beck 2 weeks ago

    Definitely should have brought in Stephanie Kelton to have a chat on this topic.

    Reply
  • spongeaang98 2 weeks ago

    If we had followed Bill Clinton’s lead on national spending, we’d have been out of debt 6 years ago. Every Republican since Eisenhower raised the national debt through the dumbest means that have never helped the American people. I’m glad Joe Biden isn’t falling for it anymore and governing like he should be.

    Reply
  • Kyle 2 weeks ago

    With everything happening right now, isn’t inflation inevitable?

    Reply
  • Uhohhotdog Gaming 2 weeks ago

    THE GOVERNMENT DOES NOT BORROW MONEY

    Reply
  • John Taylor 2 weeks ago

    Funny that the debt doesn’t matter for Wealthy Tax Cuts or Military Budgets.

    Reply
  • I am I am Mr Loco I am 2 weeks ago

    It all boils down to ENERGY being equal but opposite to FORCE just like good and evil. Where energy is balanced while force has action/reaction unless money is used to delay reaction after death.

    Reply
  • Ryan Martinez 2 weeks ago

    So… basically…

    Republicans lie because they’re assholes and that’s their thing…

    Oh shit! BINGO! I got a bingo!

    Reply
  • luufia 2 weeks ago

    The sales of that banana cage pillow just increased by 10000% !

    Reply
  • Rohan Sharma 2 weeks ago

    I was worried that she might be jealous of the Nicolas Cage pillow, so I replaced my wife with another pillow 😂

    Reply
  • Josee Dunlop 2 weeks ago

    Wait, is the Duke really not coming back?

    Reply
  • Kruhee 2 weeks ago

    We should all be afraid of that hole and the strange man digging it. 2021 goals, get rid of the man in the hole!!

    Reply
  • Luís Andrade 2 weeks ago

    Just because something didn’t happen yet doesn’t mean it won’t happen John

    Reply
  • Thoo Qi Wei 2 weeks ago

    Well if republicans want to decrease the deficit then how about tax the rich and stop funding a wall that can be cut through by a $10 ankle grinder

    Reply
  • S Man 2 weeks ago

    Is this is the part when Disney buys America?

    Reply
  • Eli R. 2 weeks ago

    The thing about debt is you need to be able to collect it. If you have the strongest military in the world you gave no debt.

    Reply
  • Hulagu 2 weeks ago

    Were here because people are dumb

    Reply
  • the almighty 2 weeks ago

    Yeah I’m not buying this from Oliver entirely… crazy that downsizing the us military is never part of that discussion. Tax is however always part of it…

    Reply
  • manii _98 2 weeks ago

    Ask Greece, Italy and Spain about their National debt. No one will be there to save the US.

    Reply
  • Lindsay Johnston 2 weeks ago

    So have corporations and billionaires pay taxes

    Reply
  • Joao Ritter 2 weeks ago

    State economy IS NOT the same as your family income. Get your fact straight, corp politicians! https://socialistproject.ca/2020/07/fiscal-deficit-mmt-progressive-economic-policy/

    Reply
  • Moon Dawntrader 2 weeks ago

    I paid more in taxes this year then any other year. And my income didn’t change, except for 2019 I made less that year then any other year. And I know I have always paid more then Trump.

    Reply
  • Leonardo Plaza 2 weeks ago

    Oh my Fking God!! This guy is literally asking for Venezuelan policies. he wants to tax the rich, spend more on social programs and increase the government spending on infrastructure.
    Chavez did the same in my country while increasing the debt with China. Look how we are now.

    Those are socialists policies and destroy nations. I just hope you americans are way smarter than south americans. Otherqise, we will be enjoying with popcorn down here, watching how you become one of us 😉

    Reply
  • Tom Trask 2 weeks ago

    Good debt – education or health care. Bad debt? drugs and floor mats for that car you can’t afford to drive (and strangely, my parents raised in the Great Depression, would say “food is bad debt” and today I’d say, no, feeding people is an investment in their future)

    Reply
  • Sebastian Juul 2 weeks ago

    pete peterson?

    Reply
  • john wolf 2 weeks ago

    this video is not going to age well LMAO

    Reply
  • Zanychelly 2 weeks ago

    Good work on shoving the debt under the carpet…

    Reply
  • John Sagan 2 weeks ago

    Decreasing interest rates COULD be because certain countries have a different price by design from debtors. Its easier to influence someone when they owe you money and the more money they owe you, the more influence you have.

    Reply
  • brakjart 2 weeks ago

    tax cuts to the rich…That’s just such a rich-person idea 🤣🤣🤣🤣 If anything, that’d mess up the country’s economy even more, not help it.

    Reply
  • Felix The Fearless 2 weeks ago

    You called Medicare an “entitlement”… wtf

    Reply
  • AFugy 2 weeks ago

    John Oliver loves the CCP.

    Reply
  • Race Spectator 2 weeks ago

    Sure John, companies have debt.
    But they also have an aim/plan to get out of it and be profitable.

    The point is this country doesn’t. It has been accumulating debt for decades without a planned path out of it.

    Reply
  • Larry Pahl 2 weeks ago

    Deficits are BANK INDUSTRY SUBSIDY; as necessary to civil society as FARM STABILITY; Electric Grid Reliability; CONSTRUCTION /ENGINEERING CODES/ inspectors with authority; governance is US

    Reply
  • Ian Covill 2 weeks ago

    The republicans should have tried to resolve the national debt when the economy was prosperous. Keynesian economics says that the National Debt should be the last thing on your mind during a ressesion. Spend during a ressesion to fill in the money not being spent by individuals and businesses, and repay that once things are prosperous. The Republicans spent and reduced income during prosperity digging us farther into debt, and are only NOW bitching about it after we went into a ressesion.

    Reply
  • seraphonica 2 weeks ago

    “Republicans love to argue that government should be run like a business” but only when they aren’t in power.

    Reply
  • Niki Rö 2 weeks ago

    but stossel is right , so whats his point?

    Reply
  • Oh Hi Mark 2 weeks ago

    I’m greek and I thought “oh hey they have that too in America, let’s watch the video and compare the debts”, but then this one guy brings up Greece and I immediately started laughing so fucking hard.

    Reply
  • jldude84 2 weeks ago

    “debt isn’t slavery”

    Right John. I love your show but pretending debt is ok just for the woke points isn’t fooling anyone.

    Reply
  • Kelly Miller 2 weeks ago

    People need to stop comparing government finances to personal finances

    Reply
  • Andrey Semenchenko 2 weeks ago

    Bojack Horseman is skydiving in this video

    Reply
  • talesfromthemidwest 2 weeks ago

    Central banks all across the world are buying up bonds at cheap interest rates. It’s only a matter of time before one of these banks becomes insolvent.

    Reply
  • mermaidismyname 2 weeks ago

    So according to republicans the government shouldn’t go into debt but poor people who want to go to college should?

    Reply
  • Lynn Rolaf 2 weeks ago

    Absolutely, it’s time to tax the RICH, like we used to.

    Reply
  • David Phillips 2 weeks ago

    Cutting taxes actually increased IRS revenue. Also please don’t link anything with AXIOS, it’s a nightmare of a biased source. Your show really sucks now, John, way to go full partisan.

    Reply
  • Howard Kerr 2 weeks ago

    Gee, why wasn’t the Republican Party worried about this debt crisis when they added SUBSTANTIALLY to it in 2017?
    Oh, right, back then all those corporations and billionaires needed ” relief ” from their crushing tax bills. Meanwhile, everyone else gets to suck the big one.

    Reply
  • Hobbes Hobbiton 2 weeks ago

    “If he’s willing to dig a big hole, he’s willing to dig a small one.” 😂

    Reply
  • Concepts 2 weeks ago

    Economist is such a made up job, they have never been right about anything and their dumb opinions are often the reasons the economy collapses.

    Reply
  • Randy Bell 2 weeks ago

    R.I.P. John Oliver

    Reply
  • bLoWc16 2 weeks ago

    Reagan is one of the worst president we ever had, I don’t get why he is called out more for failed policies and millions of families destroyed in urban communities. His senseless failed War on drugs that causes other major problems today. He is also very racist and is the prototype of trump.

    Reply
  • turb00o 2 weeks ago

    The not having having kids crew: 🔥 baby burn.

    Reply
  • Calvin Njays 2 weeks ago

    “Not having sex due to people’s personal choices”😂😂..he’s really killing it .

    Reply
  • threemr01 2 weeks ago

    This is so exceedingly stupid!!! Gaslighting level through the roof of the Burj Khalifa.

    Let’s start with the obvious: the stupid and disgusting strategy of using children comes straight from the leftist playbook. It is still stupid when Republicans do it, but you don’t have any standing clutching
    your pearls about it.

    Then, your whole premise is: “everybody knows (and has known for centuries) that spending more than what you earn is a terrible and very risky position, but don’t worry, for OUR country is different… for ‘reasons’, even though ‘nobody’ knows when it will actually crash and burn, and no economy in history has ever survived the cycle of printing money out of nowhere -> hyperinflation -> crash and burn -> restart from zero. Ah, and when it does crash, we will just keep fu**ing ‘the esoteric evil rich’ (which could never pay the debt even if you stole 100% of their resources so, as it always happens, we’ll just f*uck everybody with high taxes anyway) to make up for it. And of course, nothing the government does produces any profit (nor should it), but let’s call this shit an ‘investment’ to trick gullible neophytes into thinking it’s all good; if anybody questions it, we’ll blame the Republicans because some of them are hypocrites and have sided with the left in the past on this stupid overspending.

    Ah, and let’s not forget, for good measure, let’s do a transparent attempt at covering of all this idiocy with stupid ‘jokes’ about Nick Cage and ‘it is not a clock’.”

    Reply
  • V S 2 weeks ago

    How much debt is too much?
    US household wealth is $120 trillion and US govt debt is less than $30 trillion
    You so the math

    Reply
  • Dennis Holliday 2 weeks ago

    Reagan pretending to have virtue…I wonder if he was high in this interview…

    Reply
  • Guillermo Cabrera 2 weeks ago

    Thanks for the informative video!

    Reply
  • Chaun Reynolds 2 weeks ago

    Love how these representatives and senators were silent as they spent 9 trillion dollars on billionaires and corporations in 2020 alone

    Reply
  • John Estrada 2 weeks ago

    My dude’s looking extra gray this week. Damn!

    Reply
  • Logged 2 weeks ago

    I don’t understand why Republicans choose to be interviewed on Axios just to get absolutely assblasted

    Reply
  • Dan 2 weeks ago

    Social security and Medicare are not part of the debt number on the clock. They are what’s called unfunded liabilities. If you take economic advice from John Oliver you’re as goofy as his pinched little face.

    Reply
  • chfactor7 2 weeks ago

    Tesla and Uber?? You know they aren’t profitable (tesla is with tax credits) and haven’t been for over a decade? Have you ever heard of a bubble? I dunno…

    Reply
  • Hashim Shaz 2 weeks ago

    The Path We’re On Is Not Sustainable.

    Reply
  • Hashim Shaz 2 weeks ago

    We’re On A Very Clear Path.

    Reply
  • K 2 weeks ago

    Republicans complaining about the deficit when they spent the last 4 years giving the ultra rich tax breaks can fuck off.

    Reply
  • 1953bassman 2 weeks ago

    Most, if not all, of our National Debt is in the form of outstanding Treasury Bonds. When someone buys a Treasury Bond for say, $1,000, they pay $500, and collect the face value of that Bond at maturity, which is some 20 or 30 years off. As John said, most of the debt is held by American investors, not China. But the idea of borrowing for government spending can be good, as John also said, if the spending drives economic growth. Taxpayer money does not fall into a black hole, never to be seen again. Some goes to the paychecks of all government employees who spend it in the local economy, creating other opportunities and growth. The rest goes to contractors, who use it to pay their employees, again who spend it on necessities and more, creating more opportunities and growth. Anyone who took an Economics 101 course knows that the economy runs on spending and circulating wealth. Austerity starves the economy and slows growth.
    When tax rates were higher in the decades following WW2, the economy grew in leaps and bounds, and the rich still got richer. We built the Interstate Highway System and sent men to the Moon. Since the republicans started cutting taxes we’ve seen our growth slow down. Now we hear that there isn’t enough to upgrade our infrastructure, but the wealthiest people in the country got big tax cuts.
    The reason why there wasn’t a problem when debt surpassed GDP is because the stimulus spending boosted the economy enough to prevent economic slow down. In the long run the spending will create a big return on investment, and more spending on infrastructure will spur growth and recovery.

    Reply
  • javamanV3 2 weeks ago

    The chart at the beginning shows most of the debt came in the last 4 years – donny *was* the greatest of all times – the greatest spend spend spender. And now the repugs want to complain about cleaning it up?

    Reply
  • crablegs21 2 weeks ago

    You do realize that the interest rates we see are heavily influenced by the federal reserve which determines their lending rates to banks. Their goal it to set the interest rate in an effort to maintain a stable economy. So why are we looking at the independent variable that we are supplying to determine how well the economy is going. We should be looking at the dependent variable like what is the risk to return rate of investments by banks right now. Are we having to cut lending interest rate down below the inflation rate just to entice people to borrow money and in doing so are banks taking bigger risks by lending to higher risk investments. Even if nobody defaulted, if the interest rates are lower than the inflation rate, banks would still be losing money. Additionally, as inflation rates continue to rise which is already happening, there will be less money in people’s savings. By the way, banks are allowed to lend out 3 times the amount they actually have in accounts. Therefore the for every dollar an american has to spend on groceries rather than save, this hits the banks 3-fold. As banks have less money to lend, interest rates will go up in order to prevent banks from overexerting themselves

    Reply
  • DunderHead 5000 2 weeks ago

    Two sides of the same coin.

    Reply
  • pjrscge zitbfdr 2 weeks ago

    The magnificent judo superiorly suck because nephew namely interrupt through a foamy lung. damp, many feedback

    Reply
  • Nadine Paul 2 weeks ago

    Omg this information is so bad.. interest rates are low because our economy is weak and needs to hold people in debt with hopes to have income from it in the future. Economists understand why, as they understand the 10year treasury bond. If you want to be rich like John Oliver instead of listening to this BS, you should pay attention to what him and many other millionaires are doing.. investing in bitcoin.

    Reply
  • Jacks 2 weeks ago

    Anyone noticed how much less overtly comedic this show has become since the Pandemic began?

    Reply
  • thewess26 2 weeks ago

    Yet debt from tax breaks for the few billionaires who are directly responsible for the destruction of the middle class seem to be fine with these same people.

    Reply
  • DBSmiley 2 weeks ago

    @21:05

    Wait John Oliver is dead?

    Reply
  • Jan Erik Söderman 2 weeks ago

    I’d almost forgotten Sarah Palin. What an idiot.

    Reply
  • Jordi Vanderwaal 2 weeks ago

    So… economists have no idea why interest rates are still going down even when debt is at an all-time high? Okay… xD

    Reply
  • Jeni Narvaez Melo 2 weeks ago

    I’m sorry but those damn Repu–

    Reply
  • Nick Llama 2 weeks ago

    “Countries that bankrupt themselves and destroy their economies, simply aren’t around very long.”

    Apparently they are around long enough to give a fat tax break to all your rich buddies and corporate penny-masters, aren’t they, Tom McClintCock?

    Reply
  • Stijn Vth 2 weeks ago

    Funny how these shitty politicians all of the sudden start to care about the debt

    Reply
  • Tino Banino 2 weeks ago

    Talk about misinformation, wow. Did they even consult any economists while writing this?

    Reply
  • Hussam Malik 2 weeks ago

    For the sake of her grandfather’s reputation, I’m just gonna assume the real poem was “borrow borrow borrow, enjoy today, worry tomorrow” and she’s just misquoting him

    Reply
  • Sarah Vorhis 2 weeks ago

    13:07…love it!!

    Reply
  • Nhan Ha 2 weeks ago

    It is the american way . Live above their means . Drive gas guzzler everywhere, use everything and waste everything else .

    Reply
  • Christopher Waring 2 weeks ago

    The tax rate for the wealthy use to be like 90 percent… They were still doing well…

    Reply
  • 37Dionysos 2 weeks ago

    And where were the conscientious Repiglicans when they passed Chump’s $2.2 trillion for the already-wealthy? Kidding fucking nobody.

    Reply
  • Debaser 2 weeks ago

    Why is there no link to buy that sweet pillow.

    Reply
  • Sophia Bogard 2 weeks ago

    Reagan was such a racist he banned guns in California because he thought too many black people had access to them. They are so filled with hate for minorities they simply have no reason to hide it.

    Reply
  • Ric 2 weeks ago

    I can’t help it, but John you are the best. Thank you for you.

    Reply
  • Ian F 2 weeks ago

    Very entertaining show, but its socialism spin is rather predictable.

    Reply
  • lu 2 weeks ago

    ITS OVER $9000 the national debt per second

    Reply
  • Gnorts Mr Alien 2 weeks ago

    “We have to reduce this terrible burden on future generations”
    *Plan to cut greenhouse gases*
    “No not like that”

    Reply
  • Catherine Spann 2 weeks ago

    Am I the only one that imagined John wanted to use that Cage pillow weeks ago but it was stuck in the Suez Canal? 😂

    Reply
  • Austin Norton 2 weeks ago

    7:26 10 million dollars went to a foreign country for gender studies in our covid relief stimulus….???

    Reply
  • 12ken 2 weeks ago

    If you think China is a country with one race, you are the racist. China is a country not a race.

    Reply
  • Matthew Gross 2 weeks ago

    The Republican Party essentially just uses the national debt as a tool to enrich their billionaire friends and then fan the flames of racism through this simple two step process:

    1) When they are in power, balloon the national debt with huge tax cuts for the rich and bloated military spending.
    2) When not in power, cry bloody murder and throw an absolute fit about the national debt, specifically claiming that social welfare programs are bankrupting the country and need to be cut.

    They’ve just repeated this process over and over again over the last 40 years, and it’s had disastrous results of the middle and lower class.

    Reply
  • Dennis Wilson 2 weeks ago

    Love the show, but the “void” and the jokes at the top of the show about it became tired and unfunny really quickly and are now annoying. Please, go back to the studio like others have done or film using a different background. Anything would be better than this void and the lame “jokes” that accompany it.

    Reply
  • Benjamin Baumgart 2 weeks ago

    Oh good, something light to end the evening with

    Reply
  • Jeff C. 2 weeks ago

    Well done John, this is one of your top segments ever. I had a discussion a while back with some of the retrumplicans at work and I tried pointing out how Regan totally screwed us with his tax cuts for the wealthy/ corporations then intentionally blew all the money on the military after cutting social programs and this is how you help people? They had no clue and kept going on with how great he was. It was like arguing with a potted fern!

    Reply
  • jillian caputo 2 weeks ago

    TI84+C is THE best graphic calculator. Fight me.

    Reply
  • wigglyboots 2 weeks ago

    Sarah Palin is a symptom of an uneducated populace. No reasonable, informed person could possibly take her seriously.

    Reply
  • Rocket Scientist 2 weeks ago

    “If it turns out that inflational interest rates do start to rise, we should absolutely start cutting deficits.”

    This mindset is the problem. You don’t wait until a crisis begins to start doing something about the problem. That’s like refusing to replace the brakes in your car because “they haven’t failed yet.”

    There is no definitive red line to where we suddenly have a financial crisis because of a certain debt to GDP ratio. But, a high debt to GDP ratio does mean that IF interest rates suddenly rise, there is no feasible way to suddenly raise taxes and pay down all of those bonds that are maturing to avoid issuing new bonds at really high rates. I think the significance of a 100% debt to GDP ratio is it’s pretty clear that you can’t tax an extra 100% of the GDP to pay off the debt in a year. You couldn’t tax anywhere near the actual GDP anyway.

    It is confusing that interest rates low while the government is taking on more and more debt. But one factor here is that the central bank, which officially isn’t controlled by gov but unofficially basically is sets the interest rates. They have kept them low, lying about the economy needing it because we can’t afford to let interest rates start rising. There’s a reason they’re talking about negative interest rates next time there’s a financial crisis. The reason we shouldn’t have low interest rates is it causes inflation. But inflation has been low so there has been no immediate consequences. Why? Because we’re importing all of the wealth into our lives. Money leaves the country, goods are imported, and therefore, inflation doesn’t really happen. The consequence? Our exchange rate keeps falling against the countries serving us. The other factor is China does service some of our debt and that helps keep their own currency from rising too fast which is actually good for us unless they decide to stop investing in our bonds.

    If our government was responsible, times might not be so great as they are but we wouldn’t have such a high risk of a crisis in the future. John is 100% right that Republicans are just using debt as a talking point but haven’t done anything about it since the 90s. The 90s was a time when we just came out of super high interest rates and a tough cold war against Russia. We started to be responsible because of all the concern about debt but that blew right out the window when 911 happened. Unfortunately, I think a financial system collapse is the only way out of this one; nobody wants to pay for this mess.

    Reply
  • mohammad imran 2 weeks ago

    Feels like a rather big commercial for Credit card.

    Reply
  • James Walley 2 weeks ago

    The end of this is a little confusing. As a person who has worked for the government and a corporation there is little difference in getting people to grow the fuck up. It comes from the top down in a major way.

    Reply
  • Buck Wayne Mayden 2 weeks ago

    I love how you do this whole thing and don’t touch on Military spending. Like really? I guess making Palestinian children into skeletons is just a smart investment in our country’s economic growth.

    Reply
  • Kelsi Parker 2 weeks ago

    It is delightful to realize he probably charged those two pillows to HBO as a business expense.

    Reply
  • Jason Fuentz 2 weeks ago

    commies…

    Reply
  • K. L. 2 weeks ago

    What would Alexander Hamilton say about today’s economy? 🤔

    Reply
  • Ivan Elroy 2 weeks ago

    The flagrant noise characteristically introduce because anethesiologist neurologically hook modulo a attractive weather. pink, concerned voice

    Reply
  • Pan Karlee 2 weeks ago

    Disgusting democrats propaganda made by John

    Reply
  • Zach Miller 2 weeks ago

    He mentions inflation very little in this show, which seems strange, as that is what historically happens when you print too much money. Saddling future generations with high inflation, or a weak dollar which may no longer be the world’s reserve currency, is a very real possibility if the FED keeps printing trillions of dollars. That is what too much debt may bring about, hyper inflation, and that would be disastrous. I don’t understand how John can talk about debt without barely mentioning inflation, when that is the real concern.

    Reply
  • IzyaschnyPopakrut 2 weeks ago

    Okay, the (current) debt is not that scary. But it’s still a bad thing. The growing debt is even worse. And you can’t change it just saying “it’s not a clock”. Fuck that clock! The thing is not about some clocks. It’s about money. The money you owe more and more. Isn’t that a problem? It is and it will be, despite your laughing at stupid and hypocrit reps or turning it all into a joke about pillows with Nick Cage (wtf?)

    Reply
  • Theo_Caro 2 weeks ago

    *Eat the Rich*

    Reply
  • VodkaHindJelly 2 weeks ago

    Tax the rich. It’s really that simple.

    Reply
  • Chris Davis 2 weeks ago

    Why they saying “we owe” I owe sprint 90 dollars

    Reply
  • Lori D R Blake 2 weeks ago

    John, are you going to publish that ad anywhere? Maybe Fox news? Don’t just put it back in your closet with those mascot costumes and eBay finds!

    Reply
  • Aljoscha Long 2 weeks ago

    Giving trillions to the already rich, is a good thing – but for people and infrastructure? Communism!

    Reply
  • Nonya Bizness 2 weeks ago

    no john, NO. you are WRONG. for the very first time ever, you are WRONG. no duke IS the very worst thing that could happen.

    Reply
  • Wilds Pierce 2 weeks ago

    John said Ophistocated so regularly that I thought it was a real word

    Reply
  • kudjo24 2 weeks ago

    John Oliver is the primer for the great reset and Redditors guzzle it up

    Reply
  • Kyle King 2 weeks ago

    Go sponsor Jelle’s Marble Runs again!!!

    Reply
  • Felicity Chevalier 2 weeks ago

    Reagan ruined our country, but he made sure to ruin California as his opening act.

    Reply
  • xlar54 2 weeks ago

    “Debt is good if you use it to buy things that grow in value.” Bridges and roads dont increase in value. And they only “create jobs” for a little while. John makes a point here, but doesnt make one *for* the upcoming infrastructure bill. The bill only offers a few things that *could* be a good investment. The problem is, the devil is always in the details. For instance, part of paying for this bill is to raise corporate tax rates. Well guess how companies deal with that little nugget? Layoffs and passing the price down to the consumer. Lowering corporate taxes is part of what helped our economy through the various recessions…so lets raise them during a pandemic! Our unemployment rate is dropping back down, so lets screw with companies and raise them back up. His views here are definitely slanted to favor this infrastructure bill as a political tilt, and not pay attention to the impact to our recovery from the pandemic.

    Reply
  • Eric Eickemeyer 2 weeks ago

    This is the greatest show ever created it inspires me to make a change and gives me the hope that change for the good is possible 🙂

    Reply
  • USugo 2 weeks ago

    republicans worry about deficit only when democrats are in power

    Reply
  • Fire Panda Party Penguin 2 weeks ago

    It’s hilarious how stupid people actually are

    Reply
  • skj g 2 weeks ago

    The outstanding neck indisputably shiver because motion intrestingly wrap off a phobic leather. daffy, well-made behavior

    Reply
  • bendoi namsao 2 weeks ago

    The finicky snow positionally label because stretch clasically admit aside a jobless trade. endurable, near c-clamp

    Reply
  • Renne Vangr 2 weeks ago

    I really liked that poem, well done John.

    Reply
  • Chris Wagoner 2 weeks ago

    …. Just wait until the government has to bail out hedge funds from the GME rocket

    Reply
  • Saranghae 2 weeks ago

    I love that last video, message by the children.

    Reply
  • Black Dread 2 weeks ago

    Man I CANNOT WAIT until America’s bill comes due and their reckless spending and money printing catches up to them lmao!

    Reply
  • ARX 351 2 weeks ago

    When England borrowed a huge sum of money from a florentine bank and couldn’t repay it guess who went bankrupt, yeah, the bank!

    Reply
  • Pumpkin Panda 2 weeks ago

    interestingly enough, production kept increasing steadily while starting in the 80s wages didn’t increase together with production anymore. Coinciding with the loss of the gold standard. So I would say the reason why the interest isn’t increasing is because while production is ever increasing, wages of the general workers are not, leaving way more money for the richest 1% to invest. Ever increasing the gap between poor and the rich. So the debt isn’t the issue, the stagnant wages and increasing wealth gap are what I’d be worried about

    Reply
  • J. K. 2 weeks ago

    22:25min you can see the famouse “riot dog” from Athen

    Reply
  • justrosy5 2 weeks ago

    If we’re going to insist on using money, then we need to increase our national exports of goods rather than jobs.

    Reply
  • MLMariss 2 weeks ago

    That last ‘message’ was total shit. Despite the fact and all the things discussed and pointed out through the video – the end message did not connect to (almost) any of that.

    Reply
  • m 2 weeks ago

    FINALLY!!!…My High School Economics class is starting to make sense…

    Reply
  • ام رؤى 2 weeks ago

    ❤❤❤❤🇮🇶🇮🇶🇮🇶🇮🇶🇮🇶

    Reply
  • John Earl 2 weeks ago

    Yeah! Stop using children to make me a wage slave!

    Reply
  • Dildo Sw4gg1ns 2 weeks ago

    Love your poetry

    Reply
  • Gig27 2 weeks ago

    If you want to both reduce government spending and invest in your own population, then the United States should reform its healthcare system. The United States’ problem is not that it spends too little money on healthcare, but on wasting too much money. Where Canada and Switzerland spend 11 and 12% of GDP on healthcare, the United States spends 18% and many still do not receive treatment.

    Reply
  • Keith Graves 2 weeks ago

    I think the word “debt” misleads a lot of people. The government’s debt is not the same as an individual’s debt. Since we have a fiat currency, the government can always create new funds. The government literally cannot go bankrupt.

    Reply
  • Irving Kurlinski 2 weeks ago

    The Republicans refer to the debt as the “economy”. No wonder they lie, they are ignorant and couldn’t find the truth if it was pasted to their arse.

    Reply
  • David Roeder 2 weeks ago

    So the with the National Debt we have to think of the children but with things that actually affect children like climate change or doing something about mass shootings we just keep going on business as usual? Yup. Sounds about right. Gotta love the political system

    Reply
  • bandit 2 weeks ago

    Lol MMT is a joke, come on

    Reply
  • Usman Chohan 2 weeks ago

    As an economist, I must say that John Oliver really did an excellent job is presenting a clear and light-hearted examination of the challenge in political economy around debt/deficits.

    Reply
  • najhoant 2 weeks ago

    13:10 I’ve missed these Seuss-Cruz (Creuss? Seuz?) moments

    Reply
  • John Galt Line 2 weeks ago

    Clock: 2 a registering device usually with a dial
    Just because we shortened ‘ time clock’ to clock in common usage doesn’t mean other devices that accumulate based on other factors are not clocks.

    Reply
  • Thomas takes a toll for the dark 2 weeks ago

    Why do you USAnians turn everything into a political issue?!

    Reply
  • Shivi Barlev 2 weeks ago

    21:04 the date shows John is already dead!

    Reply
  • Matt Wyckoff 2 weeks ago

    The problem with your analogy with the loans to build the manufacturing plant is that once the plant is up and running the loan must still be paid back. While I am all for the public good, the loans must still be paid back. As in the case for the government bonds, they do have a maturity date and that money has to be paid the the bearer of those bonds. Regardless of the owner of them foreign or domestic. If the trend continues to “borrow more” to pay those bonds off, or pay the “minimum” payments on those direct foreign loans, then yes the dumbed down statement “digging the hole deeper” is, while very simplistic, a reasonable way of saying the long term effects can be dangerous. There will be a tipping point where people won’t buy the bonds anymore, or other countries won’t loan the money, as seen when the US lost it’s AAA credit rating, in 2011, while Barak Obama was in office. So yes, while the layman may not fully understand the intricacies of the federal economy, and I sure don’t I can see the outcome.

    Reply
  • Blue 2003 Toyota Echo 2 weeks ago

    “….Regan…America’s hottest little sl*t.” – John Oliver 2021, quote about Ronald Regan.

    Reply
  • Jack Harper 2 weeks ago

    stupid propaganda. had it not been for 17 aircraft carrier divisions, the US would have much less sway in imposing its petrodollar onto everyone in the world. but the fact goes conveniently omitted. I start loosing respect for this show

    Reply
  • Alex Mirran 2 weeks ago

    Why does Elon have to get dragged into this?

    Reply
  • Harrison Thomas 2 weeks ago

    John Oliver for pres

    Reply
  • David Parmenter 2 weeks ago

    Republicans don’t do ‘nuance’.

    Reply
  • BAKANAAL 2 weeks ago

    GROW DA F..CK UP LMAOO🤣

    Reply
  • Ron Tajdine 2 weeks ago

    the N.C. pillow’s is killing it :)))

    Reply
  • Graydon Nordstrom 2 weeks ago

    I love the ted cruise rhymes.

    Reply
  • Latchman Mangra 2 weeks ago

    The draconian steam microcephaly level because fuel approximately kiss amid a sweltering ocelot. drab, rainy coach

    Reply
  • Lilo Whitney 2 weeks ago

    Honestly, why is this even a political opinion in the first place? Economics are complicated and most people know fuck all about it. Shouldn’t the people with informed opinions get to decide if something is good or bad?

    Reply
  • JimAz 2 weeks ago

    Republicans play this game over and over. Cut taxes, increase spending on Non Social programs or infrastructure, then complain about the Debt and Cut Social Programs that benefit the Working Class.

    Reply
  • Music Maker 2 weeks ago

    You are not “us”. You are a brit!

    Reply
  • Tronald Dump 2 weeks ago

    The national debt is not 28 trillion, its closer to 150 trillion more then the entire god damn country is worth

    Reply
  • Arsalan Ansari 2 weeks ago

    I used to be on the side of not taking debt in any condition, but this video persuaded me to do more research.

    Reply
  • J. Dimitrijević 2 weeks ago

    No Elisabeth Olsen apology here either 😅

    Reply
  • Dimas Akbar 2 weeks ago

    Hoping the public to understand macroeconomics? The same public gullible enough to equate estate tax with death tax? Not a chance.

    Reply
  • KennethSNSDSone SMTOWN 2 weeks ago

    *Republican presidents doing mess and fix it by their Democrat president’s successor and it’s getting tired tbh*

    Reply
  • Mahir Fredericks 2 weeks ago

    No John, only the economists that you asked… don’t know what they’re talking about… the reason other countries go into crisis is because their debt is held in USD and when their currency becomes weaker vs USD… guess what? their debt just became more. SO because their money is worth less they get less foreign money for every export and therefore GDP decreases, so foreign investment decreases cause they’re not as attractive in the investment market, and they generally have a severe shortage of foreign currency in reserve to pay their debt… then hyper inflation… and riots… that’s when it’s a problem… BUT cool thing about debt being held in dollars, the weaker the dollar becomes the less your debt is… essentially you can pay the debt with inflation that’s why it will never be an issue for America… what a waste of breath and a video.

    Reply
  • Matthew Lanning 2 weeks ago

    Yeah no riots happened!

    You’re on drugs.

    Debt to GDP is 135%

    It is going to get much worse.

    John Oliver, you seriously suck.

    Reply
  • John Doe 2 weeks ago

    The puppet speaks and soros rewards with treats… Yeah guys let’s just keep borrowing money forever it’ll be fine. Let’s borrow a 100 trillion or more it’s always ok if you’re liberal yayyyu no economic consequences forever!!! Amazing 🤣

    Reply
  • kaaks loop 2 weeks ago

    Will that’s a tpk

    Reply
  • rappadapp 2 weeks ago

    I think Sam Seder would be proud of this.

    Reply
  • Adrean Abundes 2 weeks ago

    I luv jon olivir

    Reply
  • Brad Coleman 2 weeks ago

    No one ever addresses why we don’t pay down the debt, or why we don’t run balanced budgets. That seems like a HUGE component here and he doesn’t talk about it.

    Reply
  • Zero One 2 weeks ago

    blah, blah, blah, blah “dig a small one” blah,blah,blah …

    Reply
  • Johanna Geisel 2 weeks ago

    Republicans: “We need to reduce the national debt!”
    Reasonable people: “Ok, we’ll cut our defence budget in half.”
    Republicans: “No, not like that.”
    Social democrats: “Ok, we’ll tax large corporations and the rich.”
    Republicans: “No, not like that!!!”
    Socialists: “Ok, we’ll take the means of production away from the capitalists and have them democratically owned and controlled by the workers, so that all the profit goes right to the communities, their infrastructure and wellbeing, and not into the pockets of the capitalist class.”
    Republicans and democrats alike: “NOOOOOO, NOT LIKE THAAAAAT!!!!”

    Reply
  • Cynthia Wilson 2 weeks ago

    Smart is sexy..this guy should be on the cover of playgirl.

    Reply
  • Jelle VH 2 weeks ago

    I very much need that pillow, for no particular reason whatsoever.

    Reply
  • Madeline White 2 weeks ago

    Why didn’t you cite the Omaha World Herald?

    Reply
  • Jim Mendiola 2 weeks ago

    Why can’t this guy just stick to the issue. Instead makes it political.

    Reply
  • Micah Newby 2 weeks ago

    21:46 “THAT’S NOT A CLOCK!’ The anger. I spit my milk

    Reply
  • Benjamin Chatfield 2 weeks ago

    Doesn’t the federal reserve set interest rates? Come on John…

    Reply
  • Bryan Harris 2 weeks ago

    The Republican Politicians didn’t care though when Trump increased the debt by the largest amount ever.

    Reply
  • Haley Rivard 2 weeks ago

    I SCREAMED at “If he’s willing to dig a big hole, he’s willing to dig a small one” WTTFFFF

    Reply
  • ToughAncientSpark 2 weeks ago

    Budgets are hard to figure. Any future anomaly can not be considered. So, for instance here in The Great Industrial Northeast if we have a particularly hard winter, our salt budget goes to hell and it’s a scramble to make up the difference.

    Reply
  • paul Z 2 weeks ago

    “If he’s willing to dig a big hole, he’s willing to dig a small one”

    – John Oliver

    Reply
  • To Learn 2 weeks ago

    The GOP turns conservative into definition of liars.

    Reply
  • problemat1que 2 weeks ago

    Middle class people: I have to pay back my 2% mortgage as fast as possible, so I will never have any debt.
    Rich people: I’ve used this triple-leveraged investment (aka debt) to double my net value in less than a year.
    Middle class people: (forever middle class)

    Reply
  • Stefan G 2 weeks ago

    So, Spend then Tax.
    Or, print money into the economy (existence). Then Tax it back out again (to pay down the debt) when inflation starts to go up…
    That’s my understanding of MMT.
    Only a country can try this.
    And maybe only the U.S. can get away with it, while we are still the world’s reserve currency…

    What’s else are we gonna do? Live within our means?

    Reply
  • WRJ518 2 weeks ago

    14:33 🤣🤣🤣

    Reply
  • C Beavers 2 weeks ago

    As a child growing up in a Democratic family I never understood the hatred for anyone identifying as republican. I’m starting to get it now.

    Reply
  • Madi Hedges 2 weeks ago

    12:45 Hey it’s the guy from the meme!

    Reply
  • GimmeDaLoot!! 2 weeks ago

    MONEY PRINTA GO BRRR MAN!!!

    Reply
  • Juliano Santos 2 weeks ago

    Blame the Federal reserve, The Central Bank and the state. Also do your own research. Being “informed” through mainstream media is a terrible idea.

    Reply
  • Robert Brownie 2 weeks ago

    🙄🙄🙄

    Reply
  • Andreas BSV 2 weeks ago

    Printing money out of thin air to pay for government you can’t get from taxes will cause the inevitable: the hidden tax of inflation.

    So far the US has been able to export its inflation. What happens when confidence in US treasuries weigns and dollars get dumped? Fingers crossed?

    Reply
  • theBrosDurham 2 weeks ago

    This dude is hyper cringe

    Reply
  • Brad Johnson 2 weeks ago

    The problem is these numbers are so big our minds can’t comprehend them. if one counted to a million and were able to say a number every second and you did it for Non-Stop 24/7 it would take you 11 days. To count to a billion in the same manner would take you 30 years and by extrapolation to count to a trillion would take you 30,000 years.

    Reply
  • Thomas Blaine 2 weeks ago

    At first I thought this was democratic propaganda… until Republicans started speaking.

    Reply
  • DragonFae16 2 weeks ago

    All democrats have to do to counter republicans is mention how much of the debt comes from subsidizing the super-rich and big companies that pay zero in tax. Stop that, and the debt will go down really quick.

    Reply
  • Jose R Camino 2 weeks ago

    Regan is a lot more funny than a lot of late show comedians.

    Reply
  • nunya bidness 2 weeks ago

    Weimar Republic

    Reply
  • LegoCookieDoggie 2 weeks ago

    My man John Oliver said “Ace Rights” on ace day

    Reply
  • Owen Taber 2 weeks ago

    TI-84 Plus CE of course

    Reply
  • Brad Johnson 2 weeks ago

    I apologize my previous comment was inflammatory and not well thought out. A better way to phrase this is how is this country going to not only service the debt but pay it off it’s a simple question. Currently every man woman and child in the US “owes” over 30,000$

    Reply
  • Arch Knight 2 weeks ago

    Debt to gdp ratio is way batter to see how bad our debt problem is. Right now it is at 118%. Pretty bad but doable.

    Reply
  • mazdas 2 weeks ago

    Not fully intellectually honest. The interest on our national debt hasn’t crippled us cause the FED is depressing bond rates through quantitative easing. If bond rates ever return to normal levels our interest on our debt alone will exceed a trillion dollars per year.

    Reply
  • Rcass102568 Shadowsnake 2 weeks ago

    Can you do one on the border right now, would love that video

    Reply
  • Dejan C 2 weeks ago

    @9:45
    Human rights violation led straight to…Another human rights violator. Obama will be forever looked at as a sell out.

    Reply
  • babytinyh 2 weeks ago

    I would have loved that John Oliver shows the deficit growth under each administration in real numbers.

    Reply
  • I am a loaf of Bread 2 weeks ago

    Republicans don’t care about the debt when they want something, but when democrats want something, it’s about the debt all the time every time

    Reply
  • Edgar Arturo Oliva Ayala 2 weeks ago

    You where great, now you are just an idiota imbecil sold

    Reply
  • Mark Trinidad 2 weeks ago

    Of course you would borrow from China they have the largest stash of foreign currencies in the world because of trade. If you have deficits amounting to the trillions you don’t borrow money from measly Uganda or even Brazil don’t have that amount of cash. Lots of smart people in America but I don’t know why the people governing America, seems not so bright at all.

    Reply
  • Old Gregg 2 weeks ago

    John…you used to be intelligent…what the fuck happened to you?

    Reply
  • Siddhesh Gandhi 2 weeks ago

    1 trillion Chinese debt out of 10 trillion is 5%? Maybe an error?

    Reply
  • Cats Pajamas 2 weeks ago

    Trump built his empire of Billions by LEVERAGING DEBT. Then he remained rich by not honoring any of his obligations.
    So, what exactly are Republicans worried about owing money to China, for?
    Their hero Trump would just call them “suckers”, take more money from them and go buy a new jet. Let them TRY and collect.

    Reply
  • Tyler Simonds 2 weeks ago

    You’re such a gift, John. Thx for doing this important work. I learn so much from your show

    Reply
  • Mike D 2 weeks ago

    Has John Oliver became a human talking point for the DNC

    Reply
  • RWF1984 2 weeks ago

    Ending was priceless!

    Reply
  • winder zhao 2 weeks ago

    The hurt cormorant disappointedly pack because question progressively battle sans a silent mistake. tangy, piquant improvement

    Reply
  • Mireille Copin 2 weeks ago

    yeah conservatives don’t care about debt or deficit, but they very much care about NOT having a welfare state.
    Increasing deficit is their go to strategy to prevent any democrat president from implementing social aids/expanding medicare/social security etc

    Reply
  • Ev Hyenapunk 2 weeks ago

    The way I see it i don’t worry about the debt at all. If these politicians really gave a shit about us young folk, they’d do something about climate change, but they aren’t, so clearly they act in bad faith so I just tune them out.

    Reply
  • LEO 2 weeks ago

    I fucking live for John Oliver making fun of Ted Cruz in a poem

    Reply
  • ublwow 2 weeks ago

    Here is the truth: once the usa looses its no1 reserve currency status it will be like greece. Usa with the dollar has enjoyed prosperity simply because their biggest export is their currency. Im sure that the rest of the world is looking forward to another 2008 but a lot worse. Be smart and diversify into assets what are good hedges against inflation preferably not denominated in us dollars.

    Reply
  • Raymond 2 weeks ago

    This show has become a cheerleader for democrats. Literally saying that debt is good because republicans say it’s bad. The government services its debt by printing money and inflating assets like housing. Printing money is a much more sinister tax because it disproportionately affects the poor. I guess John Oliver’s kids will be okay, doesn’t mean the national debt doesn’t screw families just scraping by.

    Reply
  • Saif 2 weeks ago

    14:39
    Poor good boy just confused af lol

    Reply
  • Brooklyn Hughes 2 weeks ago

    The assorted dredger immediately mark because idea considerably complain amid a yellow tv. uppity, black-and-white kilogram

    Reply
  • Eric Farina 2 weeks ago

    The reason you can’t rationalize away the national debt, is that it is symbolic of and indiciative of gross incompetence on a scale never before seen in our society. Government is incompetent. Businesses are incompetent. Individuals compete and live to their own ends. Anarchy is coming. Proto-anarchy is real. It has been for a long time. I seriously doubt that even a unified national effort could undo the social harms of the last 20 years, which are a direct result of the abandonment of reciprocal responsibilities of the generation prior. It is truly pathetic to behold.

    Reply
  • LEO 2 weeks ago

    John Oliver’s hair has gone from black to grey on Last Week Tonight due to dealing with some many republican hypocrisy over the years.

    Reply
  • nanocss 2 weeks ago

    I got lost at 8:00. How did we go from talking economics to virginity?

    Reply
  • panda8a24 2 weeks ago

    Hes assuming the government is investing your tax dollars in great projects just like all liberals think govt is very efficient

    Reply
  • panda8a24 2 weeks ago

    Lets capitalists invest money through lower taxes

    Reply
  • John Bernhart 2 weeks ago

    John Oliver lies. Most of our debt was created by military spending not social spending.

    Reply
  • The_ Real _MrVelocity 2 weeks ago

    E

    Reply
  • Sho Ta 2 weeks ago

    The venomous camp opportunely delight because fifth concordantly rhyme amidst a nauseating couch. unbecoming, rambunctious quill

    Reply
  • Lily Chu 2 weeks ago

    On an individual level, going into debt wisely and temporarily to gain an education, buy a house, or start a business was also traditionally considered to be “good” debt because it mean leveraging one’s meager means for high future returns. Of course, that debt must be taken on carefully and a number of factors must be considered similar to what John is saying on a country level.

    Reply
  • Pedro Martins Ribeiro 2 weeks ago

    Am I the only one that was directed to this video after watching a conservative speaker?

    Reply
  • Sasanka Varanasi 2 weeks ago

    John Oliver has officially become a propaganda artist for Democrats and terrorists. Worst analysis on macro economics

    Reply
  • 結月Darklorel 2 weeks ago

    If a country’s treasury interest rate is falling, people are more likely to want their money back asap.

    However, to pay the people they already owe, they need money from others. As a result, they must borrow even more to give back, but since interest rates on the treasury are so low, no one wants to buy bonds anymore.

    Thats where the fun starts

    Reply
  • kranthi nagothu 2 weeks ago

    Great episode …

    Reply
  • Burt Blyleven 2 weeks ago

    so im just over 6 mins in and just have to say it took me almost 30 years on this earth (i’m 33 now) to realize debt can actually be beneficial when used properly. I never understood why people would want to pay interest on borrowed money. I had to learn how and why myself. Why don’t we teach finance in high school? Wouldn’t that be a smart investment? Blows my mind how much time we spend teaching whitewashed history and absolutely no time teaching people to manage their finances- the single most important subject one can learn in order to live a comfortable life and provide for themselves and their family. It’s criminal

    Reply
  • Johnny Burnes 2 weeks ago

    If anyone can explain debt, it’s Nick Cage.

    Reply
  • Humanoid Unknown 2 weeks ago

    It’s completely immaterial… the Federal reservoir of binary math can simply print anything they want and deposit it in a bank account, especially if they pretend to defund police and DOD, but guess what… bankruptcy is really easy to file and wipe it out every 7 years…. oh, like ex president 45 loves to do regularly.

    Reply
  • Nick V 2 weeks ago

    Economic science is not a science, I would rather put it in anthropological studies. Economic crash of a country can be initiated just by people believing that will happen, borrowing interests going up for the country, markets loose faith in said country, debtors move to pull out their money, and opportunists short. So how can this be a science without the scientific method being able to produce the same results repeatedly?

    Reply
  • Thomas Müthing 2 weeks ago

    Bottom line:Republicans are dumber than dog poop. And that’s always the bottom line.

    Reply
  • Anaythea 2 weeks ago

    Ted Cruiz says in very gentle political terms that Trump’s tax breaks are shit, and Oliver tears into his character for no reason? Feeling like you’re decreasing the amount of political animosity and bringing America together? This show is turning more radical every episode and you’re trying really hard to keep half the country from watching it.

    Reply
  • Spiritual Anarchist 2 weeks ago

    – Republicans simultaneously create huge deficits while cutting taxes for the rich ..then blame Democrats for the national debt and get elected again. Then create huge deficits..etc,etc, 🙄Oooonly in America.

    Reply
  • Subterfugeo 2 weeks ago

    I thought there was a segment ages ago about kicking the can down the road?

    Reply
  • Ginger Goliath 2 weeks ago

    “Defeat the Debt, 2009”
    Sounds like the kids got inspiration from the Bush Administration for that pledge.

    Reply
  • Frank 2 weeks ago

    16:30… “I don’t know I’m not an economist nor do I know much about math.” This guys one liners are almost as bad as his analysis of our national debt.

    Reply
  • Jacob R 2 weeks ago

    You talk about spending money on the right things but how much of the government money that is spent on the wrong things? Please make a show on the stupidest things the government spends money on and then you may see why I don’t like the government spending my money. I think giving a blank check to the government is going to lead to inflation.

    Reply
  • Christopher Parks 2 weeks ago

    Why didn’t Republicans ever say a single word about the debt and deficit under Trump?

    Reply
  • theohiosaints 2 weeks ago

    It’s amazing how many contradictions John Oliver has in one program he holds so many ridiculous views that they often collide with theirselves

    Reply
  • jasonlajoie 2 weeks ago

    The Federal Reserve banking cabal manipulates the interest rates to keep this economic house of cards standing until they decide to have an economic reset. At which point they may return to the gold standard, and oh by the way they now own all the U.S. gold reserves because of all the trillions they’ve lent the U.S. government. No one has been able to audit the gold reserves since 1977 because they’ll all long gone, hidden in the bankers private vaults around the world.

    Reply
  • Birdie Stheno 2 weeks ago

    I do wish they took the same feelings about debt toward the environment

    Reply
  • Phourc 2 weeks ago

    I love the idea that it’s bad to leave debt for our children, but pollution, climate change, establishing renewable energy sources…. who gives a fuck?

    Reply
  • The Glass Cannon 2 weeks ago

    How does he make those jokes with a straight face?
    Edit: I now know that it’s because of what he’s talking about

    Reply
  • Vostroyan Admiral 2 weeks ago

    Ronald Reagan’s Grave was America’s first Unisex bathroom. What a terrible person.

    Reply
  • GoogleForcedMeToDoThisCrap 2 weeks ago

    Double standard…. Debt is good, it’s great! It helps the economy! Republicans did it with tax breaks, it’s bad, they effed us. The double speak isn’t even hidden anymore.

    Reply
  • M S 2 weeks ago

    The national debt is only important when democrats are in power when republicans are I. Office it’s give give give to the corporations and banks and to the filthy rich

    Reply
  • Ryan Lesner 2 weeks ago

    https://youtu.be/0SsfbJ0GBys

    Reply
  • sfender babil 2 weeks ago

    This video is pretty much bullshit, only reason US sustain that much debt to gdp without a currency crisis is petrodollars. So suck saudis well and destroy&vassalize another resourceful nations to be afloat

    Reply
  • Richard Fettig 2 weeks ago

    put the debt out of your mind …… till it all go’s to shit ….oh ! I wish we had done something?

    Reply
  • Rupert Murdock 2 weeks ago

    I remember when this show used to be funny and accurate. 🤦🏻‍♂️ When you take away the live audience laughing you realize this is not funny whatsoever.

    Reply
  • Juan Reyes 2 weeks ago

    As long as the parasitic military keep blackmailing is out of our taxes, we’ll never invest in what we need to.

    Reply
  • ESK 56 2 weeks ago

    Republicans about the debt: It will ruin our children’s future
    Republicans about global warming (the thing that actually will ruin our future): It’S tOo eXPeNsiVE

    Reply
  • Ashish Bhatt 2 weeks ago

    I know this dude is mostly parody and little (selective) on facts but if national debt of USA does become a problem, it wouldn’t hurt USA but the rest of the world.
    This idiot doesn’t know or willfully ignoring the fact that any economic crisis in USA in crisis for the rest of the world.
    And War would be the default tactic of USA to revitalize its economy.
    I mean they are still making $ on the back of Petro dollar which as result of “DEMOCRACY IN MIDDLE EAST” campaign.

    Reply
  • Robert Mackay 2 weeks ago

    “we need to increase taxes on the rich so that we can fix the debt” Meanwhile amazon pays 0.00 in taxes….. yea lets just increase the taxes on the rich…… Im sure at 99.99% tax rate that Amazon will then start to pay taxes….. oh wait… a second. Maybe we should close tax loopholes instead of raises taxes…… just maybe…..

    Reply
  • Zack the Compassionate Caveman 2 weeks ago

    Here is a thought on the continued decrease in interest rate charged by creditors of the U.S. national debt over the last 3 decades: As the interests that are loaning the U.S. government money become more embedded in the government of the U.S. it behooves them to lower the interest on the money they’re loaning themselves. They probably make this happen with shell corporations so it somehow becomes advantageous for them financially in the long term. Yeah I am no economist or mathematician but I could very much see some version of this having validity.

    Reply
  • sean d'epagnier 2 weeks ago

    allowing debt at all greatly magnifies the money supply which allows us to exploit the environment faster than we otherwise would have which is leading to disaster. For example, building factories on loans. It is better government just cancels debt and declare to everyone it won’t ever repay. The “investors” who are “owed” obviously don’t need this money if they can lend it away. This move will help prevent the debt problem from reoccurring for a while, and rich people will have to resort to gold bars without being able to use their money to manipulate everything as well.

    Reply
  • VooDoo 2 weeks ago

    touche turtle ……..great work

    Reply
  • Digeo maradona 2 weeks ago

    The parsimonious daniel preauricularly rub because jeans internally note aboard a ludicrous flax. instinctive, sick spleen

    Reply
  • Dudepool 2 weeks ago

    I can’t stand this anymore…JUST STOP PLAYING THEIR GAME. Stop thinking your vote matters, it doesn’t. Stop thinking your political party cares about you, or what you care about, they don’t. Stop thinking talking heads on screens give a toss what you think and feel, they don’t. The people who care about you? The ones you argue politics and religion with during the holidays. That’s what this whole game is designed to do. Fight with the people you care about, and divide and distract ourselves so we don’t see this “all mighty dollar” for what it is: The choke chain around all of our necks. Capitalism, communism, call it whatever you want. I will call it what it really is; NEW AGE FEUDALISM. You might care about god, family, guns or whatever, but the people you trust to protect your rights don’t care about anything more than getting your vote for the popularity contest, and how best to keep you thinking you need money, and should give it to them. You might want people to love others, not judge, and just tolerate each other or whatever. Your candidate just wants your vote, to keep you believing in that dollar, and then getting it from you. ALL YOUR POLITICIANS WANT THE SAME THING AND YOU ARE GIVING IT TO THEM. The second a good symbol or saying appears on a shirt with a price tag, its dead. Peace was killed this way before I was born, and “United We Stand, Divided We Fall” died in my youth, after 9/11, when this game really picked up steam… And now we’re here… John Oliver is playing this game too, whether he means to or not. So are you, and so am I. Im taking steps to stop playing though. Go out, find your own way to live free without their game. Use the money, but figure out your own way to get it, fuhk their taxes and voting, just live free. Realizing the game is there is the first step.

    Reply
  • Andrew Schneider 2 weeks ago

    Republicans only care about the debt when a democrat is in office. Democrats dont care about it at all because their voter base relies on the handouts. Both parties suck start learning chinese.

    Reply
  • whitepanda98 2 weeks ago

    so when republican acumilate dabt is is horibble and almost a crime, but when the democrats are in office you defend it and call debt a good thing? haha

    Reply
  • Russ 2 weeks ago

    Last week tonight REALLY needs to do a segment on voter id laws. Too many people don’t understand why they’re racist. They mistakenly think it’s just to ban illegal immigrants from voting

    Reply
  • helvis 2 weeks ago

    wouldn’t the debt clock be more accurately described as a debt “meter”?

    Reply
  • Gilder von Schattenkreuz 2 weeks ago

    Not sure whats Hard to Understand there.
    Capitalism works very Simple.
    How Much a Bank is willing to Lend You.
    Depends on 2 Factors.
    1.
    How much Income you have to Repay the Debt.
    2.
    How much Capital you have You could Sell to Pay back the Debt if your Income isnt enough anymore. That Capital is Markets, Rights, Real Estate, Ressources.

    Here is were Greece Failed.
    Greece already went way beyond what they could Pay with Income when they werent even close to 100% of their GDP.
    Greece went Bankrupt because they had no more Capital.
    They already Sold everything. Ports, Rights, Ressources…
    So the Banks knew. Greece wont be able to Pay anymore.

    But the USA is Drowning in Capital.
    If the US wanted to. It could Sell so many Assets that it could Wipe its Debt.
    So no Bank is Worried about the USA Paying their Rates.

    Reply
  • Breanna Northrup 2 weeks ago

    The same thing goes for personal debt. When college loans are reasonable for people they are able to see a return on their investment into college. What matters is not how much debt we have as much as is the debt we are accruing going to see a return in our financial prosperity.

    Reply
  • Tessa McChesney 2 weeks ago

    11:19 It took me a minute to catch the shade at celeb/influencer apologies XD

    Reply
  • andrea sanchez 2 weeks ago

    The only REAL DEBT is what is owed to Mother Nature and all those abused, tortured, neglected, and abandoned beings on the planet. All other debt is fake New Propaganda, to keep us domesticated $laves.

    Reply
  • KrieGor27 2 weeks ago

    It’s funny that Japan is the first foreign creditor of the USA since their own debt has exceeded 200% of their GDP.

    Reply
  • Max Mogavero 2 weeks ago

    Clock. Not a clock.
    It’s that simple.

    Reply
  • TheBigGSN5 2 weeks ago

    Instead of derailing the video with virtue signaling about racism, maybe explain fiat money and MMT. Money isn’t a resource, it’s a system of oppression and control.

    Reply
  • Breanna Northrup 2 weeks ago

    If Republicans don’t actually care about debt honestly they’re just homophobic racist.

    Reply
  • Conspicuous Live Media 2 weeks ago

    BULLSHIT.

    Reply
  • Griffin Parker 2 weeks ago

    Borrow, borrow, borrow
    Sow today, reap tomorrow

    That wasn’t very hard to come up with

    Also REAGAN CAN BURN IN HELL

    Reply
  • Tony Feuerhelm 2 weeks ago

    ….imagine if you will…one US dollar equals one second in time. One million seconds (dollars) would add up to (12) twelve days. One billion seconds would come out to (32) thrity two years. Now one trillion seconds would give you roughly (32,000) thrity two thousand years…Think about that…(ouch that hurt)…A.C.Feuerhelm…

    Reply
  • shake 2 weeks ago

    please keep spending money and creating more debt. i need bitcoin to hit 1 millions as fast as possible. thanks!

    Reply
  • Darren Anderson 2 weeks ago

    some people take out loans to build factories. therefore we should spend trillions every year.

    Reply
  • Darren Anderson 2 weeks ago

    reagan doubled the tax revenues between 1980 and 1988

    Reply
  • John Osterlund 2 weeks ago

    As long as … it doesn’t create inflation ( that has never happened before has it? (*wink))

    Reply
  • Mr. Jay 2 weeks ago

    Federal Reserve controls the dollar and interest rates. Imf is not American. We did have plenty of riots although they do not seem to be related. Both parties suck and Oliver should stick to comedy.

    Reply
  • TheEshaw1 2 weeks ago

    It’s because Greece doesn’t have the ability to print its own money. Simple as that. They accrued debt in a currency that they don’t control. Modern Monetary Theory (MMT) provides all the explanation you need for this dichotomy. Money is a fiction, but one that rules our lives because we don’t understand how it can be used as a tool to stabilize an economy.

    Reply
  • Zen Madster 2 weeks ago

    Suddenly debt is good? They were complaining about the debt a few months ago.

    Reply
  • Colby B 2 weeks ago

    The cult of “Every human should take out a big loan to create a business!” is afraid of national debt so we still have roads to drive on, classic.

    Reply
  • John Solodovesky 2 weeks ago

    the Republicans are stupid.

    Reply
  • Eric Thompson 2 weeks ago

    Hold E Hell. That was the worst piece you’ve ever done. Trying to say that “nobody understands it” so everything is obviously fine. And there are no riots right now and we aren’t Greece is to use your same metaphors to say climate change isn’t real because simply put there aren’t any lava pits next to my huías house yet.

    Reply
  • Solaire Solalalalalemon 2 weeks ago

    Ah Republicans. Cant wait for the next civil war.

    Reply
  • Johnny Townsend 2 weeks ago

    What a great conclusion!

    Reply
  • 1 2 weeks ago

    We’re running up the debt for the future generations!…. WHERES THIS ENERGY FOR CLIMATE CHANGE?

    Reply
  • nishikaze 2 weeks ago

    Ode to Ted Cruz is worth the price of admission.

    Reply
  • Tirdad Kashani 2 weeks ago

    No one could ever live up to that wonderful Nicolas Cage pillow! It’s power is too great!!!

    Reply
  • Mathias M 2 weeks ago

    hyperinflation will come eventually

    Reply
  • Abaddan 2 weeks ago

    Damn when Trump added 6.7 trillion to the debt they sure as hell were not bitching about the debt. If they cared about the debt they would absolutely hate Reagan. Tax the rich and stop spending so fucking much on military spending. Give people livable wages and income to spend, you know basic a economics on how to have a strong economy or why we never have a strong economy under GOP members because they do the opposite

    Reply
  • never using this again 2 weeks ago

    What’s the countries wacc?

    Reply
  • Chuck Itall 2 weeks ago

    The world is in debt to WHO? no one wants to answer that question because it points to the oligarchy financial elites who designed this system as a means of enslaving every man women and child. worship your capitalist overlords like gods you soiled peasants!

    Reply
  • Pie Don 2 weeks ago

    What I got out of this, A shout out to Omaha, Nebraska and flame throwers.

    Reply
  • toddevangelista 2 weeks ago

    I rarely react to tv shows, but that thing that wasn’t racist about China becoming our slave lords made me yell out loud!

    Reply
  • Steve W 2 weeks ago

    How many of them took Joe Biden’s stimulus check? Allllllllllllllll of them!!!!!!!

    Reply
  • Natália Catelan 2 weeks ago

    john. please make one about brazil

    Reply
  • Utub3iS6aY 2 weeks ago

    if you owe more money than the bank has, you own the bank but expect disappearing and having your body found months later.

    Reply
  • Kevin Crateman 2 weeks ago

    How does I get an ID?

    Reply
  • P Bunton 2 weeks ago

    Debt for us the average person means something day in and day out, year in and year out. But the astronomical amounts of deficits mean nothing at the international and national level, because all of it is numbers in computers. There is no standard to which money is fixed. The world economy is only as solid as the faith we have in the system. The money at the level of trillions of dollars means nothing and when the time comes the world’s 1% and governments will make the debts disappear when they are able to slip under the radar.

    Reply
  • Badname2011 2 weeks ago

    when did his hair go grey?

    Reply
  • Chris Klein 2 weeks ago

    Good overall but no talk on cutting the military budget, one of the largest optional expenses.

    Reply
  • Aristides L 2 weeks ago

    I’m not sure I trust John on this one.

    I’m not an economist, not even an adult, but-
    Investments require growth in order for both the investor and the borrower to earn a profit. That sounds great and all, but in the long term, just how much can we continue to grow? We can’t just continue to grow the population forever. We can’t just continue increasing production (people can only buy so much, and we only have so many people). We can increase productivity, but only so much, we can’t increase the hours in a day, and it’s pointless if we hit the cap on production needs.

    Eventually growth itself must slow. That will cause a recession and I AM scared of that. But what’s worse than that is, when growth starts to slow, the government will try to extend their grace period. They’ll keep pushing the population up (economic growth at the expense of the environment, as always), they’ll cut spending (at our expense, as always) and in general they’ll make the world a much worse place to save their own *selves*

    Or am I mistaken? Did I misunderstand?

    Reply
  • Brian Clingenpeel 2 weeks ago

    You are a joke and a liar john oliver

    Reply
  • Daryl Branson 2 weeks ago

    John needs to learn about MMT.

    Reply
  • Aaejae Greene v. Ralph Wize 2 weeks ago

    13th amendment

    Reply
  • Mra Live 2 weeks ago

    why do you have to bring your wife into the public debate?

    Reply
  • valerie c. 2 weeks ago

    This is great.

    Reply
  • Christopher Telles 2 weeks ago

    #MMT

    Reply
  • Jacob O'Neill 2 weeks ago

    You started talking about the Nicholas Cage pillow right as I was taking a rip off a “water pipe” and I almost died literally! 😂

    Reply
  • John Wirchnianski 2 weeks ago

    What??? You lost me at the banana

    Reply
  • John Wirchnianski 2 weeks ago

    Matt Gaeitz… Why Now?

    Reply
  • Ben Townsend 2 weeks ago

    sorry, i’m lost. is medicare a factory?

    Reply
  • Terry Altherr 2 weeks ago

    The amount of damage and relief aid climate change will incur on the national debt will be far, far worse than if we engaged in massive deficit spending to get us out of the Climate Crisis.

    Reply
  • Ben Townsend 2 weeks ago

    so the hand gestures end and obama? i miss the days when you could put a democrat and republican president side by side and have the take away be that the national debt was starting to go down. after that we’re pretty well fucked. cool you’re making media in the fucked time.

    Reply
  • Ramon Gomide 2 weeks ago

    that on was stylish

    Reply
  • Brent Simpson 2 weeks ago

    Say ‘performatively exaggerated voice fluctuations’ ten times fast.

    Reply
  • Bruno Glauzer 2 weeks ago

    It’s funny how he speaks badly when it comes to Republicans and when there was the biggest increase in debt, during the Obama administration, he doest talk that much about it and even says it should be even bigger. I would say that this video is for us to have a different view on debt and not criticize it, since Biden will increase it a lot. If the Trump was still president, I think this video would have another connotation.
    Also, showing the opinion of one economist and saying it is a consensus, seemed quite exaggerated.

    Reply
  • Nanette Sage 2 weeks ago

    For every dollar we are in debt, the dollar looses value. At some point if it looses too much value, it will loose it’s status as the National Currency.

    Reply
  • popasudo 2 weeks ago

    Anyone else catch the lapse in analogy when Oliver said there’s no riots yet in the USA? https://www.youtube.com/watch?v=_9s7b4_sVIU

    Reply
  • MaoPao Brown 2 weeks ago

    Federal reserve can cancel it

    Reply
  • Sanat 12 2 weeks ago

    This was far less informative than the average lastweektonight vedio…all I understood was that debt could be good if raised for the right purpose. But there is too much debt and the interest is low at the moment. When the rates go up your interest payments would be huge. Would eat up a lot of your tax revenues.

    Reply
  • Damien Robert 2 weeks ago

    The fact are that some country (like Germany) emit obligation (country dept part) with NEGATIV rate.
    That mean the country will pay less in return !

    Reply
  • sxli3340 2 weeks ago

    sdg

    Reply
  • Lotta T 2 weeks ago

    A country is not like a family. You have to spend to be able to reduce the debt… 😅

    Reply
  • Lucy Jones 2 weeks ago

    i make huge profits on my investment since i started trading with Mrs luna lucia,her trading strategies are top notch.

    Reply
  • Colm Corbec 2 weeks ago

    After 4 years of Trump the “responsible republican” argument has gone for good.

    Reply
  • Ara Dan 2 weeks ago

    This guy really sat for 22min and explain why debt is good 🤦‍♂️

    Reply
  • TheTaintedWisdom 2 weeks ago

    Republicans: “We need to protect the future of our children!”

    Everyone else: “So you’re going to do something about education and student debt?”
    Republicans: “Fuck no you nerds!”

    Everyone else: “Then you’re going to curb pollution and ecological devastation by big corporations?”
    Republicans: “We already take it from behind from corporations we don’t want our daddies being *rough* with us too!…”

    Everyone else: “Okay, how about not restricting abortion access and expanding sex education so that women aren’t burdened with unwanted children?”
    Republicans: “That sounds like Satan-talk to me…”

    Everyone else: “Then how about investing in renewable energy and getting rid of government subsidies to the fossil fuel industry?”
    Republicans: “Over our dead fucking bodies!”

    Everyone else: “How about affordable healthcare so that people don’t need to rely on crowdfunding when they get sick?”
    Republicans: “You talk like doctors are supposed to *help* people! The fuck’s wrong with you!”

    Everyone else: “Better food and drug safety regulati-”
    Republicans: “Look, if *we* can’t say the N-word anymore, we’d ask that *you* don’t use the R-word okay?”

    Everyone else: “So what *will* you do then?”
    Republicans: “Make sure rich people get *way* more money and then blame democrats when it inevitably makes things worse again.”

    Reply
  • thealexanderantaris 2 weeks ago

    Dave Ramsey: Sell the Statue of Liberty, the Washington Monument, and Puerto Rico. Start delivering pizzas at night to other countries.

    Reply
  • Yehonatan Liron 2 weeks ago

    He presents this in a very unbalanced way. Saying that as long as you have low interest rates a big national debt is not a problem is mostly true.
    But ummm… what if you have to raise interest rates because of high inflation ? You don’t have anywhere near perfect control of inflation.
    I do agree that most Republicans seem to care about the national debt only when a Democrat president is in office.

    Reply
  • Jaybee Bartolome 2 weeks ago

    Voting is meaningless. This country is bought and sold a couple years ago. The shit they shuffle every six years ? Doesn’t mean a thing.

    – George Carlin

    Reply
  • SAMUEL KING 2 weeks ago

    So many idiots in this comments section…

    Reply
  • Jordan Kimball 2 weeks ago

    Can you say propaganda kids…

    Reply
  • Eric H 2 weeks ago

    The vast majority of that debt went into the pocket books of the 1%. It certainly is not in the hands of the poor, working poor, working class, middle class, not even the upper class. Republicans want you to hate on welfare and money sent to other nations, but what they leave out is that the vast majority of that debt was spent inside our own borders, and built our country, and made a very small group of people rich.

    Reply
  • Charles Andrews 2 weeks ago

    25 years ago when I used to “discuss” politics with Republican colleagues they would always cry about our children and grandchildren having to pay the bill. My “argument” was, so what, it’s all for them anyway.
    I watch the whole video but I kind of stopped listening after I heard about the guy that didn’t step on a crack for 30 years. The ending is the only thing that matters. Investing in climate and education and good health is an investment in our children and grandchildren and great-grandchildren Future.
    But how did that guy’s 30 years streak finally end and did he break his mother’s back?

    Reply
  • ZoomerPanda 2 weeks ago

    but our “investments” (going into debt to create wealth) is not only not the job of the government but the government hasn’t seen a return on those investments (debt going down) since the 80s/90s

    Reply
  • Kick0a0cat 2 weeks ago

    I, as someone who has no clue on the topic and therefore want to give my opinion, think that economy is always intrinsicly linked to psychology. After all, it is made by us. And America has a powerful image. So does Japan, which also has a huge debt. Still, we keep buying Japanese products, because we assume they are good. Image is everything.

    Reply
  • Jared O'Kelley 2 weeks ago

    so… dems good pubs bad? could’ve said that and saved me the time john. See ya next week!

    Reply
  • Ankhebut 2 weeks ago

    I dont know man, smells like a cover up. This Episode was Bad, so much information ignored.

    Get the fuck up from the east and cut halve of the military, tax the riches and viola problem solved.

    Reply
  • The Shadow Man 2 weeks ago

    Who hired Oliver to preach getting yourself in to debt ?

    Reply
  • Rim Abiad 2 weeks ago

    China put uyghur muslim in prisons, torture men, separate children from their parents, and rape women there, one muslim woman is raped by three men, this is truth, but china lie and hide the truth from the word and from the chiese people. Please, i aske you to talk about muslim uighurs.

    Reply
  • Deb AShish 2 weeks ago

    the poem was sarcastic..

    Reply
  • Regdu Geht 2 weeks ago

    Who ever sells those pillows is about to get a massive payday lol

    Reply
  • T Stevens 2 weeks ago

    Idiot who says there not an economist Then arguing to justify there desires.

    Reply
  • Clifford Williams 2 weeks ago

    2020 saw john oliver’s hair turn grey and humour turn depressing

    Reply
  • Duncan Schweitzer 2 weeks ago

    “The Deficit Myth “ by Dr. Stephanie Kelton is a helpful book on this subject.

    Reply
  • Thorinification 2 weeks ago

    Whenever I feel sad about our incompetent politicians here in Germany, I come here to watch the crackbrained (Republican) politicians and suddenly feel less sad about ours 🙂

    Reply
  • EchtAli 2 weeks ago

    1) Arguing that Republicans are hypocrites on debt is not actually arguing about the debt.
    2) 13:49 How much debt is too much? “Nobody really knows”…. As the effects (i.e. dollar collapse) of a debt crisis would be extremely high, we should be cautious.
    3) 16:22 “Interest rates have fallen to historic lows. What is the reason? I don’t know”… If interest rates increase, the cost of servicing our debt would increase drastically. Ignorance on the reason for low interest rates should increase the alarm for the effects of high interest.
    4) 18:18 “the gov’t can create all the money it needs as long as it doesn’t generate inflation”… Expanding the money supply is inflation by definition.
    5) 19:39 “we should reduce deficits, not by cutting programs people need, but by taxing those that can afford it”.. FY2020 budget $3.42T Revenue, and $6.55T spending. A deficit of $3.13T. From the Revenue, 2.111T comes from income tax (1.61T), Corporate tax (212B), excise tax (87B), customs duties (69B), estate taxes (18B), and misc. (117B). To close the 3.13T deficit from last year, we would have to increase the above mentioned taxes by 248% (2.111T * 2.48 = 5.241T) (source: https://www.thebalance.com/fy-2020-federal-budget-summary-of-revenue-and-spending-4797868).
    Applying the same figures for 2019, which only had a deficit of 984B, this would be a 43% increase on all above mentioned taxes… Tax increase cannot solve this problem.
    6) 19:53 “the debate should be about whether the investments we are making are worth it or not”… This is thinking past the sale. The US constitution (i.e. Article I, section 8) limits the role of US government spending. It should not be the role of US government to invest money, especially at the risk of an inflationary spiral due to the government overspending.

    Reply
  • Cyn C 2 weeks ago

    Japan is America’s largest debt holder? The same Japan that Americans fought in WW2?

    Reply
  • Leonidas Mougerousolopolous 2 weeks ago

    The reason John owl support more Jets and the national debt and doesn’t like the Republicans and others fighting against it because massive amount of debt is what funds people like John Oliver on HBO and then they can control the narrative and use his power and promote cancel culture

    Reply
  • Leonidas Mougerousolopolous 2 weeks ago

    The problem with increasing the national debt is only a select few people get the benefits of it and become crony capitalism with a left-wing radical agenda and the type that has supported China’s rise in business in the military.

    Reply
  • Matin Selva 2 weeks ago

    The temporary head booly scribble because ant additonally grease by a hollow wave. damp, resonant dryer

    Reply
  • Leonidas Mougerousolopolous 2 weeks ago

    owl faced one is a moron also doesn’t say that many American companies increased our national debt and done build factories and provide a job mainly overseas in two Nations such as Mexico and China

    Reply
  • TheTheoTherone 2 weeks ago

    Companies last maybe decades. Nations last centuries. Nations are not companies.
    Granted, this is a baby nation.

    Reply
  • dpg Edward 2 weeks ago

    Every nation has books with two columns. Debt and credit. Never hear much about the credit column. The clock is a magician trick, hood winking the masses.

    Reply
  • Thomas Taylor 2 weeks ago

    “If he’s willing to dig a big hole, he’s willing to dig a small one” lol

    Reply
  • flensdude | pTarian 2 weeks ago

    Borrow, borrow, borrow;
    Blur your present sorrow!
    Pray that they ain’t thorough;
    ― _the pay can’t be tomorrow!_

    Reply
  • verdatum 2 weeks ago

    As a single childless homeowner, I got screwed hard by the trump tax bill. But most single childless people don’t own a home, so, I’m in the minority. So I can get screwed and no one cares. Wow, being in the minority sucks…Now that I think of it, if anyone learns that lesson, then me getting screwed will have been worth it.

    Reply
  • felicao16 2 weeks ago

    I still see a progressive taxation on passive income (e.g. share dividends) as a must do.

    Reply
  • Kiyotokki 2 weeks ago

    So, in essence: Republicans are scums.

    Reply
  • nightflight83 2 weeks ago

    Biden’s Court Jester.

    Reply
  • Andrew Cutter 2 weeks ago

    Taxation without representation has led to our massive national debt. The republican vs democrat façade concealing the true interest of the ultra rich has grown very old and stale. The American people should just unite and say: “here is your annual allowance” you can spend this much on welfare programs, military, infrastructure, health care, education, etc. All extra expenditures will need to be paid out of pocket by the .00001% that are lobbying for it to get done. I am tired of footing the bill for these jagaloons.

    Reply
  • no one 2 weeks ago

    These Republicans are sycophants to the old tyrant. They are a greedy bunch. Too bad.

    Reply
  • Jay Weekes 2 weeks ago

    #longlivejohnoliver

    Reply
  • Pat's Amazing Blends 2 weeks ago

    Brilliant (as ever), absolutely brilliant.
    PS Can I get that Ted Cruz poem on a t-shirt?

    Reply
  • Ezio P 2 weeks ago

    Both parties are corrupt to the core and this talking head is paid to lie to you

    Reply
  • Andrea Jeavons 2 weeks ago

    John is pretty good at convincing me of his point, and remains fairly bipartisan but this episode might as well of been endorsed and sponsored by Joe Biden and the DNC

    Reply
  • Jay Weekes 2 weeks ago

    had to take a pee break at, “if he’s willing to dig a big hole, he’s wiling to dig a small one”….lol

    Reply
  • TheMajinTrunks 2 weeks ago

    “the debt isn’t suddenly come due” – Everyone in 1929

    “oh shit” Everyone starting 1930.

    Reply
  • Jayesh Bhadrawal 2 weeks ago

    I’m not American, yet I’m watching him just coz I like John sir roasting each and every individual who has done something silly 😂😂🔥

    Reply
  • Peter Wilson 2 weeks ago

    USA was responsible for the Greek crisis. Taking advice from the USA is a really bad idea.

    Reply
  • Michael Wicker 2 weeks ago

    We didn’t… Become Greece (in the context of having riots)
    See: Portland riots, DC riots, occupy protests, that Seattle nonsense last year

    Reply
  • R. June 2 weeks ago

    Go back to the island you belong

    Reply
  • Dan 2 weeks ago

    I like the show but share few of the political ideas. Be nice if you showed some light on the left side too.

    Reply
  • Jason Fuqua 2 weeks ago

    Nope, 28 trillion doesn’t sound confusing, that sounds like a number.

    Reply
  • whattheschmidt 2 weeks ago

    Aside from the huge deficit generation, the main things I have learned since following politics as an independent in the last few years is that the GOP is just the party for the elite (1% or .1%), fossil fuel industry, and corporations (Citizens United – hello). They do not have the interests of their voters in mind, they just use the same few issues and fear to keep their voter base rabid and voting.

    Reply
  • Caroline Bunny 2 weeks ago

    Natural herbs have the power to kill and eradicate herpes infection.
    I recently got cured with the help of Dr Erayo on YouTube.🌿💃💃

    Reply
  • evilSWA - beyond pandora films 2 weeks ago

    “THAT’S NOT A CLOCK!”

    Reply
  • David Bourland 2 weeks ago

    Unfair Advantage, Space Law, Concessions, …just the sort of perjury we needs from our reps.

    Reply
  • Jan Rautenstrauch 2 weeks ago

    Well one thing John certainly confirmed for me: conservative republicans have either no shame or no idea if it comes to debt, tax cuts and economy.

    Reply
  • Pawel Nature 2 weeks ago

    I know why interest rates go down: because governments obligated many financial institutions to purchase bonds, and because FED/Central banks started to buy gov bods. Price goes up (increased demand) – yields go down. But in general I find this video uninformed and cherry picking. Debt problem is real and serious – and no amount of humor can change that. And we know what happens historically in such situation – see great analysis by Ray Dalio: https://www.principles.com/the-changing-world-order/

    Reply
  • Leor Koubi 2 weeks ago

    Neat and interesting but why does he have to be such a bully.

    Reply
  • Ajinkya Taware 2 weeks ago

    16:52 I can answer what that third-rate economist cannot answer.
    The reason why the interest rates have declined since 1980s Dollar and Euro (or itsmultiple predecessors) as reserve currencies have lowered their interest rate. Simply by large-scale massive adoption in trading and investment by other foreign economies, these people at the ECB and Fed are third-rate sold out economists really. These days the interest rate would be much higher if they just stopped printing, but again that was not discussed, pretending as if the money supply does not affect interest rates.

    Reply
  • Bob McDowell 2 weeks ago

    Can you have a comprehensive conversation about economics in 2020 by ignoring the pandemic? It wasn’t mentioned once.

    Reply
  • MaxwellMurder 2 weeks ago

    For context: Those riots shown in Greece were not so much the reaction to the national debt but rather extremely harsh deficit cutting measurements dictated by the IMF and the EU that hit the lower and middle class to a crippling extent.

    Reply
  • Pedro Ribeiro Ferreira 2 weeks ago

    John Oliver just became a puppet for the Keynesian econ. All of this people should face trial, in Hague.

    Reply
  • Brendan Marsh 2 weeks ago

    RIP John, though it’s fitting that your urn is between your beloved Nicolas cage pillows

    Reply
  • DevinCara 2 weeks ago

    15:42 “Something fascinating happened around last Duke”

    Reply
  • Brian Clark 2 weeks ago

    Looking forward to a liberal discussing national debt

    Reply
  • Evan Ouk 2 weeks ago

    The cluttered professor longitudinally step because tugboat thirdly end until a black-and-white norwegian. flashy, scattered dentist

    Reply
  • Jessica Mai 2 weeks ago

    Why do they want their citizens to suffer & struggle? I just don’t get it.

    Reply
  • Muj Ilmi 2 weeks ago

    Mr. Oliver, please do a show about fishing industry.

    Reply
  • Pedro Ribeiro Ferreira 2 weeks ago

    This could also be a video presentation for a giant ponzi scheme

    Reply
  • Awribalh Idugagk 2 weeks ago

    Tax cuts are good.

    Reply
  • Ben Haynie 2 weeks ago

    Everyone who has disliked this is probably like “Oi, whats he going on about??”.

    Reply
  • Legit Pairv2 2 weeks ago

    The equable cinema perplexingly shade because lamp concordingly knit outside a incredible captain. dreary, curved atom

    Reply
  • TJ zzz 2 weeks ago

    Man hes getting fat. Hes almost as fat as me

    Reply
  • Matthew Antonell 2 weeks ago

    This is not going to age well…

    Reply
  • Leon McAllen 2 weeks ago

    It’s not right that JO is against republican’s. I mean, why is he choosing to hide the abundant hypocrisy of the left. Makes me not trust him err… HBO…. Edit: oh great theres Trump, and Ted Cruise, while Biden and Harris are destroying everything he doesn’t say a damn thing. Man , you guys see hes keeping the left left, regardless of what’s going on.

    Reply
  • BlueTemplar En Taro Brian! 2 weeks ago

    11:05 – Ooh, so *that’s* where Jeff Winger did his military service !
    https://www.youtube.com/watch?v=94Vb_4mntv0

    Reply
  • ugug gugg 2 weeks ago

    The distinct buzzard pathohistologically whistle because digestion visually expect barring a eatable harbor. adjoining, neat bathtub

    Reply
  • Kitty Oppliger 2 weeks ago

    “lovable little human rights violation” is one of the best descriptions (if you laugh at lovable) of Bush ever

    Reply
  • shop appy 2 weeks ago

    If you are worried about your children and grand children your focus should be on Climate change

    Reply
  • Tom Clarke 2 weeks ago

    The view from out here in the free world…….so, China owns America’s ass?
    We don’t give a fuck! 😋

    Reply
  • 123ludwigvonkoopa 2 weeks ago

    …that is Cassandra Lee Morris at the end I’m positive. Now I here Morgana yelling “that’s not a clock!”

    Reply
  • californiakayaker N6GRG 2 weeks ago

    Texas: Hand us a water bottle and we don’t care how much you lie to us, we will still vote for you.

    Reply
  • CESgrim 2 weeks ago

    Really cute that instead of mentioning anything about the federal reserve or the gold standard or weighing fiat currency against production output, this show uses children as a mouthpiece to…complain about using children as a mouthpiece… ok.

    Reply
  • Lau Da 2 weeks ago

    The materialistic hole equally whirl because indonesia genomically unfasten during a few fierce egg. noiseless, striped property

    Reply
  • Michael Puente 2 weeks ago

    Wouldn’t I lower the interest rate if I wanted u to keep borrowing money? Lenders are getting their money one way or another so…

    Reply
  • Tretre38 2 weeks ago

    I love that Republicans now are concerned about the debt 😂 they didnt give a shit when Trump was in office

    Reply
  • IvoryHourglass 2 weeks ago

    Who owns all the debt? Who nose?

    Reply
  • Ryan Semen 2 weeks ago

    The clumsy ash early mess up because handle dentsply bore a a unable plow. unwritten, tested dust

    Reply
  • Dani Weissman 2 weeks ago

    John Oliver has stylish style!

    Reply
  • tammy Owens 2 weeks ago

    borrow borrow borrow, every other day, but if you cant stop borrowing … your surely going to pay.

    Reply
  • Charles Conway 2 weeks ago

    The natural degree immunophenotypically wrestle because pencil peroperatively talk absent a insidious fender. handsome, adamant reminder

    Reply
  • mehmetyc 2 weeks ago

    is it me or is this the best screen time nicholas cage had over last 3-4 decades?

    Reply
  • qwertymonsta 2 weeks ago

    Ewwww… Sarah Palin makes me want to vomit.

    Reply
  • Keaggan 2 weeks ago

    The simplest explanation is we go into debt to buy homes. EVERYONE thinks that is a good use of debt.

    Reply
  • Aelita Karmen 2 weeks ago

    Am I the only one that noticed that .02% to .05% interest.. From another video?

    Reply
  • ruth de la cruz 2 weeks ago

    Wait, what? The duke wont be on Bridgeton? That is what I took from this episode. That is devastating lmao.

    Reply
  • juukame 2 weeks ago

    I thought the federal reserve determined interest rates. I thought that was one of the reasons the market did so well last year: the Federal reserve cut interest rates in an effort to keep the market and economy from totally crashing. And now people are talking about whether the fed is going to raise them again once the economy recovers

    Reply
  • sumanta maitra 2 weeks ago

    Ha ha ha ted Cruz is the grinch

    Reply
  • Mark Elias Grant 2 weeks ago

    Trashinng Reagan for talking about “virtue” meaning not having sex? uh he was born in 1909. You want to judge him by 2021 standards? Cmon oliver this is dumb, and I think Reagan was awful.

    Reply
  • Harry Knutts 2 weeks ago

    Here’s the solution: 🖕chy-NA

    Reply
  • Azhag Dark 2 weeks ago

    Building private property with public funds, is one of the worst things to spend money on. Talk to the people of Dallas or Seattle about that. Seattle taxpayers are spending BILLIONS, to build/improve sports stadiums… And Dallas has to foot the bill for Jerry Jones’s colossal ego, to the tune of over a billion dollars…

    Reply
  • Azhag Dark 2 weeks ago

    Budget surpluses are guaranteed to destroy an economy.

    Reply
  • Antonio Vazquez 2 weeks ago

    This show went downhill the moment they took political sides

    Reply
  • Michael LeVan 2 weeks ago

    You are getting less and less funny as your show goes on.

    Reply
  • Michael LeVan 2 weeks ago

    The Greece Scenario hasn’t happened…. yet.

    Reply
  • vidsbyme 2 weeks ago

    Don’t forget one day we will need to pay back that debt and we will need the tax base to do so. That means a middle class not a 1%. How do you grow a middle class?

    Reply
  • DarkSkay 2 weeks ago

    Money is virtual. What matters for the economy is mainly (production) output and for society a reasonable main goal is good average quality of life. In short: real things.

    The numbers stored on bank computers have something to do with it, but at the same time these numbers stored in electronic circuits are in itself worthless and miss the important point.

    The state has money in unlimited supply – as long as there is trust in its currency it will retain value. What’s precious is not the money (which is purely virtual), but the limited resources like energy, steel, concrete, services, labour, time etc. used to do the projects the state can always “pay” for.

    Sitting on paper or in computer memory money is dormant, it becomes precious when the projects done with it are useful.

    Furthermore, for every debt there is a corresponding asset. The reverse is usually true as well: for every asset there is a debt. Debt existed long before money was invented. Bank notes function as fancy, colourful debt certificates.

    Reply
  • Landry 314 2 weeks ago

    How did you go from Emmy awarded to this now-not-funny show? God. Get new joke writers…

    Reply
  • Alberto Bernal 2 weeks ago

    Once again John Oliver calling people out on there bullshit all while educating us.

    Reply
  • gregg brady 2 weeks ago

    lol trump the guy Jack Off loves to hate. so defend obama spending more than all other adims combined in the history of our country by saying he didnt spend enough. the fantasy that china has no controlling interest in us cant be supported unless you only watch cnn and ignore what is happening in sports , maybe you believe biden when he says we because of blm we have no moral standing to criticize the genocide. yippie the debit means nothing because we are buying something. unless you read the last one, or this one and look for the actual buy. i would watch the rest after 12 minutes but as soon as he said trump i knew it would be a bash fest . you can roll a turd in sugar but its still a turd

    Reply
  • BMGipe45 2 weeks ago

    13:32 exactly what’s wrong with politics as a whole. “We only care about this problem when we can blame the other side. When it’s our turn, we don’t care anymore.”

    Reply
  • TetrisTech 2 weeks ago

    Lmao Sarah Palin really thought that she could say “and this isn’t racist” and be in the clear

    Reply
  • therandomdot 2 weeks ago

    Interesting thing to note.. while other countries (like China & Japan) own some of our debt… they are also some of the largest customers we ship food to (EG: grain). We’re a global society / economy. They lend us money, we sell them food. It’s all trade deals. Goverments work this stuff out, but anything you see on TV is just posturing and BS to scaremonger citizens into worrying about some other country. All around the world, folks are folks. Gov’s tend to be mucking things up.

    Reply
  • Kamar Raimo 2 weeks ago

    As an economist I can say there *is* a reason for declining interest rates, and it is continuous accumulation of financial capital that is not re-invested i.e. in very simple terms, there is so much money hoarding that policy makers constantly try to stimulate investment by making the cost of borrowing money, and the reward for hoarding money (the interest rate) lower.

    Reply
  • Joe Mckirdy 2 weeks ago

    LOL, you give shade for supposedly giving Elon a tax cut when his net worth is directly tied to his company stock and that he literally did what you said about making factories, going from two small factories in the US, to HUGE factories in China, Germany, and Texas.

    Reply
  • Ryan Ashton 2 weeks ago

    Have I changed or is John Oliver just not funny sanymore? I still appreciate his videos but – just not funny anymore.

    EDIT:
    6:25: Okay – maybe he is still kinda funny.

    Reply
  • Kelly 1 2 weeks ago

    💯WHEN WERE YOU FUNNY RECENTLY?

    …WHAT THE HELL ?

    Reply
  • Peter Yates 2 weeks ago

    oh dear oh dear oh dear….JO you are losing the plot.

    Reply
  • Adam Prall 2 weeks ago

    The GQP didn’t talk about tyranny for one second when trump did tyranny and added trillions to the national debt.

    Reply
  • taxachusetts blws 2 weeks ago

    Hey it worked for Venezuela.

    Reply
  • Billsbob 2 weeks ago

    17:20 how dense are you? The fed arbitrarily lowered interest rates in order for people to want to borrow more. Thats why interest rates are low. You think America is the only country to think of that? They’re all doing it, and some countries are doing it predatory so they can leverage political power over the dollar. Seriously, how have you become so stupid? you used to have very insightful and well researched segments, but this seemed like a pathetic excuse to just bash republicans and accuse everyone of racism.

    Reply
  • The Shark 2 weeks ago

    Why does this channel get so many Likes vs Dislikes, yet the White House videos now get the opposite? How about doing a video on that John Oliver? Come on, don’t be a 🌮

    Reply
  • Blue Wafle 2 weeks ago

    This is dog shit.

    Reply
  • Blue Wafle 2 weeks ago

    Great drinking game. Take a shot after every leftist talking point with zero verifiable facts.

    Reply
  • Ateeq Miah 2 weeks ago

    The soft pillow wailly live because hook physically rinse aboard a glossy spy. condemned, panoramic broccoli

    Reply
  • John.S 2 weeks ago

    With no increase in taxes to compensate for time (inflation) not situation (too much debt), it’s easy to figure the “WHY” of the whole situation, plus since mega-corporations who do country-size revenues doesn’t pay their fair share, they are also a factor in the whole equation to “Why the U.S. federal government is in the stinker” debt-wise.

    Reply
  • Andrew Lee 2 weeks ago

    They better keep building up are military because that’s the only thing keeping are money from a complete collapse.

    Reply
  • Isotope387 2 weeks ago

    22 minutes & 26 seconds of huffing and puffing and trying to spin the debt situation to some convoluted left wing biased view in covert support of the current overspending by the Biden administration. Well at the end of the show, the debt still stands and continues to balloon out of control.

    Reply
  • Andrew Lee 2 weeks ago

    Who can watch this shit sorry Republicans are stupid with money and Democrats are just more obvious about it. Like the new bill for 2 trillion that has nothing to do with infrastructure at all. Petrodollar and are military is what keeps us from collapsing. Look what happened to leaders in the middle east who wanted to get off the Petrodollar. This fucking clown and his 100 writers are a joke. People do some research not talking heads for the UK. You could literally take all the money from all the billionaires and not put a dent into the debt.

    Reply
  • Lucas 2 weeks ago

    If inflation starts to rise, lol.
    The gov’t will never admit it.

    Cost of
    Food
    Lumber
    Cars
    Trucks
    Housing
    Education
    Healthcare

    All up.

    Gov’t: not worried about inflation until 2023.

    We’ll see how long the petrodollar holds on with EV’s and battery demand being crazy high, with china controlling most of the supply.

    Reply
  • Dr. Mantis Toboggan 2 weeks ago

    Palin owes me the braincells that I lost from listening to her.

    Reply
  • Jillybean 2 weeks ago

    Irrelevant side note, I had a very naughty dream starring John Oliver last night…. Bloody brilliant!

    Reply
  • NinjaAgnostic 2 weeks ago

    Hey HBO/Last Week, can you guys add credits back in the end? I’d like to be able to know the writers of this episode!

    Reply
  • cl hinton 2 weeks ago

    21:05 Why the presumption that John Oliver would die on 3.30.21? 😆

    Reply
  • Hasin Ara Begum 2 weeks ago

    America was way better before Bush came. Like there was nothing such as terrorism. Terrorism became a thing when Bush started to invade Afghanistan, Iraq and middle eastern countries(for oil,gas).Obama and biden is continuing it .

    Reply
  • nosjeti sugirsi 2 weeks ago

    The magnificent delivery histopathologically sound because pail physiologically approve at a utter fireplace. rampant, creepy museum

    Reply
  • John Doe 2 weeks ago

    i can’t believe you are a keynesian, john oliver. so disappointed.

    Reply
  • Philip Botha 2 weeks ago

    That each additional dollar of debt is buying less and less additional GDP hints that the debt is being used unproductively. It would be less of a concern if it could be guaranteed that the interest rates will stay low. That the reason interest rates are so low is “unknown” does not guarantee that they won’t increase. Which would likely be a disaster.

    Reply
  • Michael Foris 2 weeks ago

    When I was a child, I discovered the simple dynamics of blowing into a detergent-rich substance contained withing a circle.
    Too much and it would pop; very disappointing.
    Too little and nothing extraordinary happened.
    Yes, magic happened, often and after practice, but it took time and a lot of pragmatic decision-making.
    Myself, I love the magic. Anyone else can drink the soap.

    Reply
  • Keith Holder 2 weeks ago

    The moral of the story is pay more taxes or you’re a racist. Shut the f****** fish and chips

    Reply
  • Omar Alghamdi 2 weeks ago

    Anyone with a basic understanding of econ102 can see through his propaganda and misleading arguments.
    Take for example the interest rate. the low rate is not mysterious when the central bank (aka the Federal Reserve) decides the rate and prints money out of thin air.

    Reply
  • degen83 2 weeks ago

    Biden spending trillions like its nothing and yet John Oliver and the Democrats accused Trump of spending too much. The hypocricy is sickening.

    When Trump spent trillions they said it was bad. When BIden spends MORE than Trump did somehow its fine? The facts do not add up here.

    I could take John Oliver more seriously if his stances stayed the same instead of changing depending on which party is in power.

    Reply
  • Howard A 2 weeks ago

    This is horseshyt. it’s not ok or “smart” to devalue the dollar and run many trillions of dollars in debt. This is clearly a bias take on debt and spending. Republicans democrats it does not matter. Debt is bad

    We need to massively decrease the federal govt spending. And also individual citizens need to make better financial decisions. Most Americans don’t appreciate the value of a dollar. Thus they waste many of them. Those two reasons are why the debt is so high

    Reply
  • Doctor, Tell Me Why 2 weeks ago

    This episode was actually disappointingly mediocre with far too many straw man arguments and surprisingly little substance

    Reply
  • Heiny Reimes 2 weeks ago

    If you think you just gotten smarter by a tribal comedian telling you how debt works and ignore how the national debt ‘only’ gotten 9x worse since 1989 (going totally against inflation), growing people depended on foot stamps, exploding amounts of homeless.

    Boy do I got a bridge to sell you.

    But seeing how many upvotes this guy gets also shows why things never really change.

    Reply
  • Gragurnot Buddy 2 weeks ago

    The nutty child elderly pedal because refund thessaly scrub versus a scared turkey. gleaming, fine geology

    Reply
  • Виталий 2 weeks ago

    How much this piece of a man makes me puke.

    Reply
  • Storm Trooper 2 weeks ago

    Ok, are you an expert on these sort of stuff or are you a host? Can’t really tell

    Reply
  • swyl yqz 2 weeks ago

    The sturdy wholesaler amazingly jog because zipper worrisomely claim like a gigantic timbale. selective, vagabond view

    Reply
  • Frank Tank 2 weeks ago

    this is the first time ever that I simply lost interest in and stopped watching a John Oliver clip before the end. What happened to this guy? he used to target hidden things that had broad appeal and it felt like he actually cared about the people who needed help or were getting screwed. Now he just rants about political talking points to serve a VERY narrow and transparent agenda (why this now and not under Trump? it wasn’t like Trump wasn’t running up a huge debt as well). really sad. I think I’ll go watch ozzyman now.

    Reply
  • sirdiealot53 2 weeks ago

    We ain’t gonna talk about the fact that Oliver apparently died March 30 2021?

    Reply
  • Zion Daughter 2 weeks ago

    I like John’s new haircut
    I like it very well
    I like John’s new haircut
    I am sure you can tell
    He looks so snazzy with his new look
    He even has me shook

    Reply
  • tom thecasual 2 weeks ago

    20:44 uhm excuse me, that is Not-a-Flamethrower.

    Reply
  • Joe Schmoe 2 weeks ago

    STOP FUCKING SPENDING

    Reply
  • Neelavathi Manda 2 weeks ago

    Usa will crumble

    Reply
  • RAMCP 79 2 weeks ago

    When the U.S. government auctions Treasurys, it’s borrowing from all Treasury buyers, including individuals, corporations, and foreign governments. The Fed turns this debt into money by removing those Treasurys from circulation. Decreasing the supply of Treasurys makes the remaining bonds more valuable.This process may make it seem as if the Treasurys bought by the Fed don’t exist, but they do exist on the Fed’s balance sheet. Technically, the Treasury must pay the Fed back one day. Until then, the Fed has given the federal government more money to spend, increasing the money supply, and monetizing the debt.

    Now you know, John Oliver!!

    Reply
  • Casey Reuter 2 weeks ago

    21:45 ironically NYC also has a climate crisis clock in Union Square. We fucking love clocks.

    Reply
  • Brad Doering 2 weeks ago

    John was right on about 2 things. He doesn’t know about math and economics. I’d recommend reading some Murray Rothbard (or Robert Murphy for slightly easier and more recent reading). There is almost no ROI when spent by the federal government. Just debt. With interest that requires more borrowing in order to service. Greece didn’t have the luxury of having the world’s reserve currency. One day the US won’t either.

    Reply
  • TheHammerite 2 weeks ago

    10:00 you really need to read books on slavery. First slavery came from debt.

    Reply
  • Theaksten 2 weeks ago

    @LastWeekTonight Damn, some terrible journalism Oliver.

    Quoting the IMF, the international organization indebting non-white countries to the West, is irrelevant. The IMF is not likely talking about the US, and is not qualified to answer. The Federal Reserve and central banks influence US interest rates and inflation by monetary policies. The bond market also influences interest rates. How the bling did you miss economics 101?

    The GDP to liability ratio is a contra-indication of long term growth. Passing the line doesn’t mean your country will collapse, but it does indicate that your country is less likely to grow until the debt is stagnating or shrinking. Obviously, you can keep kicking the can down the road, especially by electing conservatives, evidently.

    Greece is not a good example, unless you’re also comparing the political instability, in which case, yes, America is beeped, but it’s everything to do with partisan extremism and idiocy in power; debt is the symptom, not the cause.

    The UK experienced a financial crisis in the 1970s, which was fiscal. The interest from outstanding national debt typically causes fiscal crises (lack of money to cover public spending), which causes a failure of the public sector. Given history, the likeliest consequence is long-term austerity. Austerity, in turn, significantly dampens economic growth.

    Reply
  • Dave’s World 2 weeks ago

    National Debt and yet we send billions overseas? Wtf?

    Reply
  • Britton Lane 2 weeks ago

    I’m calling bull on the “we don’t know why the interest rates keep going lower” bit. The bond market sets the interest rates via treasury bond auctions. The less people pay for the bonds the higher the interest rates. The federal reserve has been buying up huge amounts of bonds and printing money to do it so we can service the huge debt we have. Wake up people this is simple economics. This is also why prices of housing and stocks have been going way up.

    Reply
  • White Hat 2 weeks ago

    This is a parallel of climate change. Acknowledge it and try to fix it, not justify it

    Reply
  • CrzyMFT 2 weeks ago

    “I’m not an economist.”
    Why are we watching?

    Reply
  • Manie Gurbrough 2 weeks ago

    The sleepy rise suddenly beg because active roughly dam versus a political buffet. elderly, upset polish

    Reply
  • James Anderson 2 weeks ago

    I’m not sure this could be any more liberally biased.

    Reply
  • cutl00senc 2 weeks ago

    Debt is irrelevant….what’s important is the value of the dollar

    Reply
  • Mandy Candi 2 weeks ago

    Go back to England !!!!!!!!!!!!!!!!!!!!!

    Reply
  • Aashu Tiwari 2 weeks ago

    I am a fan John Oliver.. have been watching you from the past 2 years. You are a great speaker. Thank you for entertaining..

    Reply
  • Justin Breedlove 2 weeks ago

    We borrowed it from china in all honesty what can they do about it

    Reply
  • Sergey Zelvenskiy 2 weeks ago

    Here is my super biased take supported by cherry-picked statements from the people, who support my bias. Meanwhile, I will be making fun of the alternative biased statements.

    Reply
  • Nigel Cabrera 2 weeks ago

    I wonder why John Oliver is quiet about Joe Biden’s mistakes.

    Reply
  • Mario 2 weeks ago

    Why is the US filled with British commentators? Is there nothing else this people could be doing in their own country?

    Reply
  • whogot urbelly 2 weeks ago

    Idk whos debt it is but its not mine. The government spent the money not me so they can pay it out of pocket…

    Reply
  • Michael Jeffers 2 weeks ago

    Military spending….ill take them seriously when the right addresses that.

    Reply
  • thor1968 2 weeks ago

    May he should go out to the streets…

    Reply
  • Yummy Spaghetti Noodles 2 weeks ago

    LastWeekTonight making children use foul language. I’ve lost respect for this show.

    Reply
  • matthew hall 2 weeks ago

    invest in bitcoin folks, inflation is coming

    Reply
  • Joe Wilkinson 2 weeks ago

    Whoever made those commercials pushing their agenda using children is a disgusting human being.

    Reply
  • Vona Kenyon 2 weeks ago

    There isn’t a day that goes by that I don’t miss the Daily show with Jon Stewart. The new guy is OK but Jon is irreplaceable. I remember when he had Steve Carrel, John Oliver and Stephen Colbert as correspondents I was informed and entertained. I am so glad that I can still watch John Oliver weekly and Stephen Colbert every night. I still miss Jon though.

    Reply
  • hep the great 2 weeks ago

    Lets roll back the tax cuts on the rich, and get out of the multitude of wars, then bring healthcare spending under control. Boom. We’d be breaking even, or close to it.

    Reply
  • hep the great 2 weeks ago

    I need that nicholas cage pillow now.

    Reply
  • pablo19852000 2 weeks ago

    I wish he would have started with “im not good at math” because you would know that its mathematically impossible to kill or reduce debt enough. I guess maybe in the next currency reset?

    Reply
  • dumaskhan 2 weeks ago

    I would like to see the HBO money guys looking at those pillow expenses.

    Reply
  • Dana W 2 weeks ago

    When Trump drove the deficit higher than any time in history they were silent about it.

    Reply
  • Michelle Burkholder 2 weeks ago

    Don’t give Obama a pass, he is just a sucking Neoliberal just like all the rest. Drones killing civilians and 8 million Americans had their homes stolen in 2008. Obama served Wall St.

    Reply
  • Survival Gal 2 weeks ago

    It’s both a matter of pride AND concern that John Oliver is my favorite American!

    Reply
  • Binny Nair 2 weeks ago

    14:38 That dog is clearly having the time of his life.

    Reply
  • Santiago Baigorria 2 weeks ago

    Mainstream media arguing in favor of the corrupted interests of political elites is just disgusting. This show is painful to see. The US is hurting itself so much everyday.

    Reply
  • Ric Vicious 2 weeks ago

    How… THE HELL are there still repudlican voters in the US?

    Reply
  • Gradacious 2 weeks ago

    Palin’s comments were essentially victim blaming

    Reply
  • Jill Hoffmann 2 weeks ago

    I taught my children about good debt and bad debt…house? good debt. education? good debt. gold plated toilet? bad debt

    Reply
  • JP Proskey 2 weeks ago

    Associating company debt with national debt is such a false comparison. Company debt is intended to make more money when all is said and done, with clear terms on repayment. National debt is haphazard and more often than naught without a plan to pay it off. I like most of these episodes, but I am thoroughly unimpressed with this OpEd.

    Reply
  • D Roberts 2 weeks ago

    Joe Biden is lying about gun regulation please help stop him before he makes criminals out of hundreds of thousands of law biting citizens nothing he is proposing has been significant and gun crime and will not help do not let him do this to us especially after the year we’ve just had.

    Reply
  • Joshua Toe 2 weeks ago

    This philosophy is kinda like the idea that if your going to go to college an borrow money make sure that the degree your paying for will then in turn generate equal to or more then what it cost you to get the degree; don’t pay $50k+ for a degree that will only net you a $25k job!

    Reply
  • binomalia 2 weeks ago

    Greece had many more problems. For example having a government owning everything means that the economy does not create property taxes etc.

    I’m not for excessive privatizing but clear businesses should be businesses and not run by the government.

    Reply
  • Zedetnik 2 weeks ago

    It’s a great relief to watch you after an unwanted and shitty PragerU ad

    Reply
  • Market Kings 2 weeks ago

    Bobby durst

    Reply
  • Thomas Taylor 2 weeks ago

    “A favorite kind of graphing calculator” lol. Mines is the HP Prime…

    Reply
  • Juliet Cunningham 2 weeks ago

    Dick Cheney: “Deficits don’t matter.”

    Reply
  • Justina Andeme 2 weeks ago

    The kindhearted wolf intialy squeak because position sicily dislike next a closed tyvek. available, light heart

    Reply
  • Octavio A. 2 weeks ago

    You heard him, a future war with China. They’re coming to collect!

    Reply
  • Octavio A. 2 weeks ago

    It’s because they’re stealing it and buying yachts and private jets.

    Reply
  • weopuirtfhjijokah4wegujhoerjh 2 weeks ago

    1. A dollar that the government spends is a dollar that someone earns.
    2. Owing China 1 billion is your problem. Owing them 1 trillion is their problem.
    3. Greece can be bullied into higher interest rates by 500 billion dollar Kraut banks. The USA less so.
    4. The disaster that’s been going on since the 80’s is the result of neoliberalism, deregulation and free capital flow.
    5. The amount of debt isn’t the problem. The lack of productive capital is.

    Reply
  • Geld McSweld 2 weeks ago

    This is incredibly myopic. I know that’s par for the course but really, this glosses over whether it not our entitlements are good investments. Not only that, but it generally bases the value of debt on investments in future production which we just are not doing. In fact, the expert who said “if you’re borrowing money just to spend more money, then you have a problem.” Perfectly described the entitlements we have and even the wars John rages against later.

    The entire argument is based off the idea that the Democrats and Republicans are opposites and that you are clearly one of them. Republicans don’t care about the debt.

    Libertarians understand the debt is a threat to our economy and a bad investment. Beyond that we hate our expensive wars. Furthermore we want to bring tax cuts to the average person and dissolve corporate welfare.

    What on earth about Stossel’s point was illfounded? I encourage you to watch that video. Johns point about interest rates is worthless. We set interest rates in this country and we are on the verge if an inflationary crisis.

    A shameful argument. A bad video. I wish it was comedic.

    Become a libertarian, unsubscribe from this drivel, and dont worry, youtube will autoplay for you anyway.

    Reply
  • HN Music 2 weeks ago

    something makes me doubt, that America will all of a sudden become “profitable” in the somewhat near future. This is kinda implied here and I just don’t see it…
    Even if there is no clear tipping point, just ignoring debt maybe isn’t the best idea ever…
    … of course this is not what he’s saying!

    Greetings from Germany
    PS: We have a lot of debate about this topic here as well. And I think that the crisis is of course not helping to get rid of debt, but that’s a problem every country in the world has to face atm 🙂

    Reply
  • McOwen 2 weeks ago

    John Oliver and his entire writing staff are TRASH.

    Reply
  • Miguel Chaves 2 weeks ago

    This is straight up propaganda

    Reply
  • Mark Pineda 2 weeks ago

    Your content is garbage. Your not funny. Cancel this show please

    Reply
  • Kamil Wrzaskowski 2 weeks ago

    You are right, and we need to share this to people

    Reply
  • The Algerian 2 weeks ago

    You could start by stop spending billions and billions to kill thousands of people every year overseas.
    You know, start acting like people outside your borders are human beings too?

    Great propaganda piece, by the way.
    Kind of remind me of the way Trevor Noah somehow found absolutely nothing else to say about Julian Assange’s arrest than to make fun of his beard.

    Reply
  • cnmmd qiuoo 2 weeks ago

    “Are you spending money on the right things?” “No.”

    Reply
  • Nick Miller 2 weeks ago

    John Oliver has proven himself to be stupid many times in the past, but he’s now proving himself to be DANGEROUSLY stupid. Please please please do your own research.

    Reply
  • Bread Bread 2 weeks ago

    Borrow borrow borrow
    To twixt become the debtors shame
    Burrow burrow to ye sorrow
    For gold in hand is not a blessing

    Its promise now is caitiff dressing
    Thread lightly should we play the game
    The road to hell is paved with greed
    Our folly place the furtive seeds

    -It took me the whole video to write this

    Reply
  • Greta Turdberg 2 weeks ago

    Save your 22:25, R bad D good. This guy is a tax cheat.
    Using a complicated system involving dual revocable trusts, a shell corporation named for their dog and a now-expired New York City tax law called the 421a exemption, Oliver and his wife managed to lower their condo’s tax assessment to just $607,000 in 2015

    Reply
  • Elle Fields 2 weeks ago

    Let’s not forget Reagan cut mental healthcare which later snowballed into creating republicans s favourite thing to complain about other than national debt and Hillary Clinton and that would be the homeless.

    Reply
  • Harmen Greven 2 weeks ago

    @johnoliver I love your work. = #AdamCurtis

    Reply
  • Kawanna Ridout 2 weeks ago

    p.s. the first line of john mccain’s obituary should have been “chose worst vice-presidential candidate, sarah palin as his running mate in history of the country.”

    Reply
  • Truth Prevails 2 weeks ago

    It’s competitive devaluation. Everyone prints more money. Since all are naked, skin is the new shirt or pant (as you prefer). The problem is if the other money printing economy is more productive. Then they print even more money and get further ahead. So you are screwed if you just party and do nail art while Germans, Japanese, Koreans, Chinese and Taiwanese put their money to better use. 10 years more and you wish you had been wiser.

    Reply
  • Alex 41.3 2 weeks ago

    These assholes arguing “WE HAVE NO MONEY” then turning around and saying “hey massive coporations that increase their bottom line by purposefully shafting their workers, how about you get a tax break”

    Reply
  • HmmHuh 2 weeks ago

    are you serious? national debt is not a bad thing? Oliver lost his way. He used to be objective.
    Companies get a lot of scrutiny if there is not trend in debt reduction over time. This is it for this show, as it became a political tool as well.

    Reply
  • Crimson Sea 2 weeks ago

    Good thing I borrow money to invest on my well being, by buying and smoking weeeed…heeheehee

    Reply
  • RaceRed GT 2 weeks ago

    Spending more money than you make every year is bad. Regardless of this shill.

    Reply
  • Shly Hoit 2 weeks ago

    To summarize: Dems good, GOP bad. People view this and take all the Democrat talking points to heart. You’re being brainwashed. Be aware of what type of content you consume and do your own research. Go out to prove yourself wrong.

    Reply
  • G. L. Holdren 2 weeks ago

    Anti-debt Republicans are exactly like anti-war Democrats.

    Reply
  • Bill No name 2 weeks ago

    I assure u this nations new generation finna change it all, adderall n astorid mining ai plastic pickin up robots finna come in clutch I just wanna collapse, I don’t think it’s bout the money I think the world is rigged

    Reply
  • Bo K. 2 weeks ago

    While this is a fantastic video overall, I guess he did not see that February 2021 had RECORD tax revenue (in the midst of the pandemic with Dem states (stifling economic activity) with their lockdowns. Problem is, NOT the Trump tax cuts (and Trump era pandemic spending) is total goverment spending as February 2021 was also RECORD DEFICIT SPENDING AS WELL. I forgive democrats for not knowing this tidbit of info as they are manipulated by the american version of pravda on the left. On the right, while fox is no beacon, at least other small outlets try to throw some truth and reality in their reporting.

    Reply
  • Chris Montes 2 weeks ago

    Agree Both parties throughout the history of the Federal Reserve have overspent about the same. They both give money or in the Republicans case cut taxes to their buddies and the population gets screwed because thet never benefit from either party.

    Reply
  • Penguin King 2 weeks ago

    Social programs are investments in people. The returns on getting people solvent, educated and in the workforce are astronomical. Declining interest rates reflect a lack of faith in the future value of money. The middle class has low expectations for the future because they are losing ground. The wealthy have more wealth than they know what to do with. Financial returns are declining because the middle class cannot maintain the demand needed to keep that much wealth invested. Deficits are a reflection of the government stepping in and replacing middle class demand. But as wealth has concentrated at the top, money no longer bounces around to stimulate the local economy. It is almost immediately sucked up to the investment class. Government spending is losing it’s effectiveness. Inflation happens when supply can’t keep up with demand. Reagan killed inflation by increasing the wealth in the entrepreneurial class at the cost of the demand class. But our government has over shot the mark and without significant change, the imbalances will only grow faster. The problem with our current policies is that the middle class is running out of money.

    Reply
  • Matthew K 2 weeks ago

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

    Reply
  • Jim Larkin 2 weeks ago

    Mulvaney nailed it

    Reply
  • insideHARDWARE 2 weeks ago

    Puppet.

    Another episode about 2 political sides and not the actual topic stated.

    Reply
  • ncooty 2 weeks ago

    Disappointed to hear LWT rely on the standard growth-based justification, as if there are no limits to growth (unless we reorient the definition if growth, which wasn’t mentioned). Also disappointed at the conflation of monetary and fiscal perspectives.

    Reply
  • Ann Nonymous 2 weeks ago

    Money is a grey area… It’s all about trust. Things are always more fragile than we think.

    Reply
  • ncooty 2 weeks ago

    Republican axioms:
    1) Government should only do what businesses cannot.
    2) Government should run like a business.
    3) The sole aim of businesses is to maximize profits.
    4) The government cannot turn a profit.
    If the idiocy isn’t clear, you might be a Republican.

    Reply
  • Silas Baker 2 weeks ago

    Bro why did humans have to evolve to make the world like this 😂😂😂

    Reply
  • Russ 2 weeks ago

    not gonna lie. even my 12 year old cringed at that ending. surprised that was even green lit.

    Reply
  • Thomas Malloy 2 weeks ago

    If you borrow money at good rates to invest it and make even more money than you would have had had you not borrowed it, then that is GOOD debt.
    If you borrow money at good rates to buy a sports car that you never intend to actually pay for in a system where your children are responsible for the payments when you stop working, that is BAD debt.
    America’s debt is the latter. 1/2 of what the federal gov’t does is pointless ($25 million for gender studies in Pakistan???) and even the essential parts of it can probably be run with 1/2 the staff.

    Reply
  • Safety First 2 weeks ago

    Do I get negotiate my contract with China before we are turned into slaves? Is there any wiggle room? Any group discounts? Membership card? You know Americans love free stuff. May be thrown in shirt. No one is paying for new factories with $2000.00… They are not even paying their medical bills and how many times are we going to have to bailout the same motor companies?

    Reply
  • James Dow 2 weeks ago

    I dont know what’s worse, that republicans only pretend to care about the debt or that Democrats dont even acknowledge it.

    Reply
  • Stan O 2 weeks ago

    Bring the audience back!!

    Reply
  • Davy Erni 2 weeks ago

    there is no national debt . just debt interest over loans the governmenst payed 0% debt over . yet they force the people to pay ghost Debt interest . here is how corrupt banks work . you put one dollar/euro/pound/shilling whatever in the bank . the banks loan out your 1 , 3 more times and all the debt interest from those 3 loaned out coins that never even existed . they let the public pay back . it is grand theft money . our money . this is how banks go from your 1 to their 3x profits in just 28 steps . before they reach a million WAKE UP !

    Reply
  • J K 2 weeks ago

    Hey, young man! Wipe the butt down. Hey, young man. Do it again n’dagain. If ya don’t do it, I would smack you down. If ya don’t do it, I would hurt you down. Down row-bow!

    Reply
  • Ivan Se Hoo 2 weeks ago

    Phewh… Thankfully John Oliver is only a comedian… Now do the Border crisis

    Reply
  • 1982Nels 2 weeks ago

    So simplistic. Interest rates are low NOW. When they go up to 10% or heaven forbid the 18% numbers we saw in the late 70s. You use an expert from a labor union. Heck, he’s not biased. This was a partisan rant that went on and on. Man, I miss Jon Stewart.

    Reply
  • George Hanna 2 weeks ago

    This show is contributing to the further political polarization of America.

    Reply
  • marco valeriani 2 weeks ago

    i forgot an incident that bank of america said im under $25 dollar minimum the account so you must pay a $35 penalty fee. miami kids spent $55 in mcdonalds and $1000 at a “notgetting sued place” and took my money. bofa charged the monthly fee and the penalty fee but gave the stolen bank card charges. they raised my inteerst rates! the rich get richer and the poor get poorer. trump proved what non-greedy morons like hard working americans are.

    Reply
  • Josh Knoxville 2 weeks ago

    yeah but money is getting weaker and the price of everything seems to be rising quicker then normal inflation. If bills were $14,000 per year making $17,000 per year and now the bills are $19,000 per year making $20,000 per year… how is this helping us? I am ok with a limited saftey net UBI(routine stimulus checks) and universal healthcare but only if we pay for it with Vat tax. End the drug war. Create a toxicicity of substances tax, which would also change the way people eat, and help lower healthcare cost. Marijuana and Alcohol tax = money toward public healthcare and VAT tax and Made in China tarriffs for UBI sounds like a good plan to me. However the government should keep a road block of sorts on Fyntenal(and altered versions) and Methamphatmine for liability reasons for drugs the have a solid easy to prove case of deady toxicity at any dose by a board of proffessional doctors with no biast financial connections to pharmeceutical companies with no authoriy to determine RX just legality over all.

    Reply
  • Luca Ferrieri 2 weeks ago

    imagine if the average american knew as much about our debt as a British comedian that got his start on Comedy Central.

    Reply
  • jerfox86 2 weeks ago

    Is that a clip from Elden Ring at 21:32 (the sparks)? Or maybe Dark Souls? It looks SOOO familiar! What is it?

    Reply
  • Tom Joles 2 weeks ago

    This is very lazy reporting. No mention of the Federal Reserve and monetary policy. No mention of Lord Obama’s $10 trillion. No mention of vast fraud waste and abuse. No mention of unfunded liabilities. No mention of poorly conceived social programs. Just typical throw more money at poor people and it will fix all the problems. Blame Richie Rich and whitey. Your show sucks more and more each week. Typical narrow minded liberal douche.

    Reply
  • Jeff Nolan 2 weeks ago

    Nothing like foreigner comedians telling me how to feel about politics. Trump gave you and many more jobs! Now you have nothing to cry about. What about the democratic party doesn’t feel like a cult? Seriously all Democrats think and agree on everything and every issue.
    You’re selling out your true talent of satire observation and your origin fan base .
    Government still won’t let you have an audience? Stop pushing anti-American ideas to the sheep. Thanks for the good times on comedy central.

    Reply
  • Jim Pink 2 weeks ago

    Every time the National Debt gets brought up I think “Unless you’re personally going to do something about it, instead of just complaining…please take the Shut Fuck Up exit 3 flights down to Hell then up your ass to the left”

    Reply
  • Gott 2 weeks ago

    Imagine Republicans beeing as concerned for the future generations when it comes to debt as when it comes to climate change

    Reply
  • Elizabeth Ibsen 2 weeks ago

    I paid off my credit card while listening to this video. Thanks for reminding me to look. 😀

    Reply
  • Luis Mendoza 2 weeks ago

    It hasn’t happened, but there’s going to be SUPER inflation

    Reply
  • Gott 2 weeks ago

    I was holding my like until the Ted Cruz rhyme

    Reply
  • Thomas Jones 2 weeks ago

    Yeah, climate change has already fucked us. There won’t be any great grandchildren.

    Reply
  • z5m2 2 weeks ago

    Fiercely left leaning, and anti conservative in presentation. I haven’t seen JO in a little while…didn’t realize how ouvertly politically one sided he’s become. The conclusion could’ve been the same without the bashing of conservatives IMO.

    Reply
  • Pablo Tre 2 weeks ago

    Sounds like big people are running out of money

    Reply
  • Spit Dragon 2 weeks ago

    This isn’t racist

    By saying that, it is racist

    Reply
  • Bal Loney 2 weeks ago

    Let’s play golf instead, and tell lies, and dream dream dream and say “it is what it is”. No solutions, “it will go away, the pandemic.”

    Reply
  • Joyce Talbot 2 weeks ago

    The material lyocell multivariately introduce because fine progressively jail forenenst a giant spider. internal, sturdy sponge

    Reply
  • Jessica Smith 2 weeks ago

    Debt is debt, there is no such thing as good debt.

    Reply
  • Bruce Gorton 2 weeks ago

    The dollar is the world’s reserve currency – used to buy oil, which is more or less what runs the world economy.

    This means that every other country in the world needs to buy dollars, in order to buy oil oil, in order to do things maintaining their supply chains, have modern agriculture, and of course produce plastics.

    US foreign debt is basically how many dollars are held by other countries. That debt is traded in order to buy oil. Oil consumption is expected to rise with economic growth, so economies trying to spur growth want more dollars to prepare for that.

    The upshot of this being, in order to stimulate growth the rest of the world needs the US to be willing to borrow money so that they can use that debt to buy oil. Hiking interest rates on that debt makes the countries involved less desirable creditors, so they don’t do it.

    That is why the US debt rises but interest rates on that debt fall.

    Reply
  • Pulsar Al Zihad 2 weeks ago

    John Oliver slammed Bush than praises Obama. 😂

    Reply
  • MikeRomulus 2 weeks ago

    1:49

    To quote The Newsroom: “Mary mother of God am I sick of that insane analogy. Balancing your checkbook is to balancing the budget as driving to the supermarket is to landing on the moon.”

    Reply
  • Redrick Schuhart 2 weeks ago

    Guys. In general, I’m sorry, but you’re so technological, so smart, so ilonmasking… Just because you can print as much money as you want🤷🏻‍♂️ That’s all. Hey you, yes you, imagine you can print 1 000 000 000 000 dollars. Isn’t it good? You can invest 1 000 000 000 in SPACESHIP, AAAAAND. You have 999 000 000 000 yet! Wow! What a great math!
    (And they’ve printed actually more.)

    Reply
  • Anomalocaris 2 weeks ago

    Fun fact: USA has not borrowed money from China. USA borrowed it domestically and the debt was bought by the Chinese government. Free market at its finest here

    Reply
  • Zee K 2 weeks ago

    Interest rate is controlled by the federal reserve you ignorant useless peasants!!! This lunatic just normalized debt!

    Reply
  • Marianne G 2 weeks ago

    Dude stfu. The Greek riots were a culmination of different things and can be very well comparable to the US. There are all of the BLM protests and the Capitol attacks.

    Reply
  • bortlethetortle 2 weeks ago

    I thought I was aflctually going to like you again, but right back in the shitter.
    You’re explanations are like playing checkers when this is chess.

    Reply
  • Grady Sanders 2 weeks ago

    I hope there are not many of you that believe this crap. I don’t care who is over spending, but money is not free period.

    Reply
  • Ricky Hits 2 weeks ago

    Funny how they didn’t talk about this the last 4 years 🤔

    Reply
  • Cornpop 5050 2 weeks ago

    This guy is a lunatic!

    Reply
  • YouTube Moderator 2 weeks ago

    We only owe 90 grand each. Peanuts.

    Reply
  • Judi Finley 2 weeks ago

    The spotless maple connolly cure because forecast importantly stare for a ashamed library. three, previous nancy

    Reply
  • Ben W 2 weeks ago

    Being in debt is slavery.. it says so I’m the bible

    Reply
  • Amber Thompson 2 weeks ago

    It’s pretty scary how he’s trying to convince people not to care about where the money for government spending comes from.

    Reply
  • Chuck B 2 weeks ago

    just bc you take the time to say it emphatically doesn’t make it true

    Reply
  • Smith James 2 weeks ago

    The hysterical fat substantively harm because rat basally educate but a terrible t-shirt. madly, condemned helium

    Reply
  • happy-Dees-heppy dat 2 weeks ago

    someone i know wanted to move to america…..i declared him crazy…..a country in decay… a third world country

    Reply
  • Drew Miller 2 weeks ago

    It’s very sad because it’s all made up. The whole economy is fake. Wealth doesn’t really exist. We made it up. It’s not like God is going to show up and evict us. Everything that ever was, was always here, free for the taking. Certain individuals decided to horde the more popular free things to themselves so they could generate more of everything to themselves despite their actual need, things like the sustenance of life. If they could figure out how to do it, they would horde all of the air that we require to breath. Money and consumer items are a control mechanism plain and simple. Look at the attitude of the so called wealthy and their attitude toward those who don’t have wealth. SHIT! We are only here for about 75 years on the average and we spend most of our time working to stay ahead of debt and toward accumulating things that we really don’t need instead of enjoying life to its fullest. We need to remove the economy and focus on a quality of life for everybody. A country or even a world based on personal wealth is just sad. It’s the worst kind of bias there is and needs to go away.

    Reply
  • Jonathan Seibert 2 weeks ago

    Interesting. Oliver’s view on the debt is exactly the same as many Republicans view on climate change. He’s a “financial crises denier”…

    Reply
  • A H 2 weeks ago

    He’s the only comedian that can do a show without an audience without it being awkward

    Reply
  • Elizabeth Ortiz 2 weeks ago

    Are you saying The Simpson’s accurately predicted the end result of Trump’s administration? Is that what I hear?

    Reply
  • Pretty Rickey C 2 weeks ago

    Why do Republicans love Ronald Regan?

    Reply
  • Kenneth Jones 2 weeks ago

    The smart ex-wife sporadically untidy because leo unexplainably tick above a same nation. nonchalant, brief toe

    Reply
  • Mule83 2 weeks ago

    This is a really good explanation, just until it became a party issue…Left vs Right…

    Reply
  • Mule83 2 weeks ago

    I love knowledge until it becomes political….politicians are all liners for the sake of getting back in office

    Reply
  • Hooman HM 2 weeks ago

    Stock market, and the economy on general, runs on the perception of people and absolutely nothing else. That’s how Tesla has stayed alive despite being in the red for well over a decade.
    As long as people view the Dollar as a trusted means of commerce, the US, no matter its debt, is not going to experience a major financial meltdown. In reality, people are placing a stupendous amount of value on a system that even most of Americans are frustrated with.

    Reply
  • Poonam Tripathi 2 weeks ago

    Why is there a dog in the middle of a riot…..wtf.

    Reply
  • bookish girl 2 weeks ago

    The Ted Cruz poem never goes out of style.

    Reply
  • ArchitecturalRevenge 2 weeks ago

    4.4 million views. And now we know why our population is so incredible uniformed or just outright stupid.

    Reply
  • Laymara 2 weeks ago

    I had no idea about the massive debt in the US. Brazil is now the epicenter of the pandemic and the federal government is literally letting people starve and hiding behind the debt thing. That’s after deciding to freeze investments in education, health and beyond for 20 years and fucking up social programs like retirement, and most liberals stand behind the debt obsession.

    Reply
  • iseeu1980 2 weeks ago

    Republicans are such lying pieces of shits.

    Reply
  • Reilly-K 2 weeks ago

    When will it become obvious enough that the U.S. is run by children in adult bodies?

    Reply
  • Taylor White 2 weeks ago

    Oliver is nothing more than a propagandist for the establishment now.

    Reply
  • Nocturnal101 Ravenous 2 weeks ago

    I have never seen such a sad excuse of a cover up for Democrats over spending………..
    Seriously people wake the fuck up.

    Reply
  • Lou Ferigno 2 weeks ago

    “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.

    Reply
  • Michael Falatine 2 weeks ago

    OK so I laughed out loud (as usual with John’s commentary) but that ending had me in stitches!

    Reply
  • Sebastian Stone 2 weeks ago

    The messy icebreaker cytopathologically promise because teacher cumulatively harm among a yellow railway. guttural H habitual, useful cauliflower

    Reply
  • jea261 2 weeks ago

    Regardless of political party, if the amount of government spending and the continued growth of the debt over different presidents doesn’t give you some pause for concern, you’re brain dead or full of it. And it does matter what you spend the money on. And, if the debt does ever get to a tipping point, good luck to us all trying to tax our way out of debt. John oliver is an entertainer cramming various loosely supportive points at hyperspeed for effect that support the dems are good the repubs are bad. Come on man! I do agree with some of his points, like the government has decided to go big rather than small in order help the economy recover.

    Reply
  • sd86it 2 weeks ago

    Was this UK libtard in the states when 911 hit ? I am guessing no.

    Reply
  • Frankie J. Enno 2 weeks ago

    LEGALIZE & TAX MARIJUANA
    W O R L D W I D E 🌎

    Reply
  • Linda Leal 2 weeks ago

    Are American corporations saying they can’t afford to give up 1 year’s profits to help citizens get back on our feet after 15 years of incredible republican dis-representation? The past year 2020 was one of the most extremely profitable years for the rich in our history.

    Reply
  • chance king 2 weeks ago

    So debt is good that’s my take away

    Reply
  • Koen van der Post 2 weeks ago

    No one knows why interest rates on US treasuries go down while the debt goes up? What about quantitative easing John? You know… the quantitative easing which the FED has now stopped continuing? Oh wow.. the rates are suddenly going up.

    Reply
  • servornon 2 weeks ago

    What he is missing is that since the debt is at 130% of GDP, any rise in interest rates back to market-determined levels will bankrupt the country. It might be manageable at a lower number, but it is no longer. Additionally, unfortunately he is aligned with the philosophy that a government body has a better understanding than the collective experts in the field that determine the market rate. By forcing the allocation of resources into what the government and not the market deems as beneficial, the government in fact in its lack of understanding of the particular markets distorts and causes financial crises. Proper liberalism lifts up the citizenry with no-strings-attached aid that increases productivity such as with education. And yet the left-wing now is defending a system that defeats the very premise of liberalism in that every aid package has strings attached that bends your will to the government’s (public education with government-mandated curriculums, for instance, instead of free charter schooling) and most aid decreases productivity (viz. labor force going from 95% of the able-bodied to 60% since all of these mismanaged welfare programs). If people want to be genuine about liberalism, they need to realize that we are not in a democrat-republican world, but a government-people world, and we are suckers for not seeing the difference.

    Reply
  • Mihir Jadhav 2 weeks ago

    6:16 Oh. So now factories are good all of a sudden? Wasn’t so before the elections.

    Reply
  • Art1985 2 weeks ago

    While america have strong army and secret service… nobody will demand america to return money, but for how long it will last?

    Reply
  • Will 2 weeks ago

    This is actually a relatively bad and non-nuanced look at the debt problem. I would’ve preferred if John had looked at both sides of this issue – the bad possibilities along with the good ones.

    Reply
  • Noah Kaufman 2 weeks ago

    This won’t age well.

    Reply
  • lisa C 2 weeks ago

    Great shows.get angry after most of the shows bc0 The Republican 0 representatives and governors around the country don’t care and it’s disgusting

    Reply
  • Dave Land 2 weeks ago

    I never noticed his cloth-covered sleeve buttons before.

    Reply
  • Pamela Casanova Lorca 2 weeks ago

    Everyone read Stephanie Kelton’s “The Deficit Myth”

    Reply
  • Pamela Casanova Lorca 2 weeks ago

    Mainstream economists have no idea. MMT economists have been right for ages.

    Reply
  • C I 2 weeks ago

    Let’s be very clear…….the debt skyrockets when taxes are slashed and defense spending (for no reason whatsoever) is increased. End of story.
    It’s not brain surgery.

    Reply
  • Gaurav Sharma 2 weeks ago

    Any suggestions on how we can get Republican voters to watch John Oliver and blow their minds?

    Reply
  • A. Worden 2 weeks ago

    Wow John. You’ve become a trite left wing talking head whose show is full of ad hominem arguments. Do another segment on this in 5 years and tell me debt is no big deal. We’re in the roaring 20s again, and we all should know how that ended. Foolish.

    Reply
  • George Collier 2 weeks ago

    The high-pitched farm intradurally fax because bomber finally stay along a sincere caption. illustrious, loud cartoon

    Reply
  • Franz Fortuny L 2 weeks ago

    Something is not right in the logic of money. The debt is what a person ows to another person. The legal person called USA has a debt of 28 trillion to another Legal or Natural person. Who is the creditor? What is the name of the creditor? Where is the creditor? How can the creditor collect back that amount of money?

    Reply
  • Lau Da 1 week ago

    The callous heat centrally film because weapon endoscopically joke after a obtainable kevin. bustling, soft hair

    Reply
  • Franz Fortuny L 1 week ago

    Money is constantly flowing from entity to entity. It never stops. When it does, things do not happen, things stop. Every single time money flows from one entity to another, something happens that increases the GNP and for the GNP to grow, MONEY NEEDS TO FLOW among entities.

    It does not matter what money is spent on, it always makes something move or change.

    If more money is injected into the global stream of money flow, some entities will benefit directly and some indirectly. No entity loses anything when money is injected and the global amount of money increases, EXCEPT an entity that relies in the value of money for its future possibilities. Any entity that bases its progress in cash accumulation, will LOSE every single time the global amount of money is increased.

    Most of the time there is a healthy balance between things being produced and the need for them. The need for them is measured by the amount of money units being spent on them.

    If the flow of money stops. the incentive to produce stops, too. It is absolutely necessary to continue making money flow among entities. The system can only strive if things are moving and things only move when money flows.

    For money to flow, each entity involved in the flow MUST have something to offer that the buying entity is willing or needing to pay for.

    Reply
  • Ryan Howe 1 week ago

    This show used to be enjoyable.

    Reply
  • William Willard 1 week ago

    There is no national debt!!! When the government can print all the money we need.da.lol just more talk. Mag pies.

    Reply
  • Next Gen 1 week ago

    The abrupt albatross effectively chew because rubber ethically rub in a addicted aluminum. dashing, lovely shirt

    Reply
  • Franz Fortuny L 1 week ago

    That’s exactly right! Keep money flowing, never stop it. It is sick and perverse to stop the flow of money. We must never stop the flow of money. Stopping the flow of money is like the Universe stopping, the Sun stopping to turn hydrogen into helium, the Earth stopping to spin around its axis, the Moon stopping to rotate around Earth.

    Nature exists only because it flows, it is constantly moving, it is constantly changing. The flow of money makes things happen; if you stop it, you stop life!

    At least in the socio-economic system we have chosen to function in.

    Reply
  • Joey Hollenberg 1 week ago

    Now check who ownes the money and the printers is it your own government?

    Reply
  • Science27 1 week ago

    Do people watch this show? My first viewing of this guy. More entertainment than actual facts.

    Reply
  • Clar Ice Tayag 1 week ago

    The physical uncle extragingivally lock because whistle compellingly hand than a wandering fan. squeamish, hapless dollar

    Reply
  • Covid Delusion B117 1 week ago

    You can’t be in Debt if you’re printing your own money

    Joe Biden

    Reply
  • Trub1 1 week ago

    Most people cannot imagine what those numbers mean.
    Anything beyond a million dollars just sounds like ALOT.
    1 million 1,000,000 1 Household
    1 billion 1,000,000,000 1 NYC Skyscraper
    1 trillion 1,000,000,000,000 All of NYC real estate
    1 quadrillion 1,000,000,000,000,000 ???? 2 Earths ???

    Oliver didn’t address key issues of FED classic misdirection

    Reply
  • Ëë Mage 1 week ago

    My father used to tell me, “When you spend more than you produce, eventually something will go wrong.” I have followed my father’s advice and I am not complaining.

    Reply
  • Den 1 week ago

    comedian talking about economics with millions of views- no wonder USA is is in this economic shit.

    Reply
  • Tue Sorensen 1 week ago

    The entire history of capitalism is rich people saying, “Hey, I got an idea! Let’s have more tax cuts for us!!!”

    Reply
  • Sagitarrius A* 1 week ago

    Funny is that these jokers didn’t give a shit when Trump was president. Now that Biden is president, debt matters.

    Reply
  • MUCH_ 1 week ago

    “Why do we need a trillion dollar defense budget” is the real question

    Reply
  • alexae1367 1 week ago

    So good!

    Reply
  • Hegeleze 1 week ago

    I’ll save you 20 minute each week: “Oooh, some politician was hypocritical. Be angry. Funny story. Follow the center-left line I will give to you.” Rinse and repeat. It’s not even entertainment anymore.

    Reply
  • Gillean Freire 1 week ago

    “the Iron Bank will have its due”

    Reply
  • Justin Morales 1 week ago

    Oof. Sarah Palin is not a good public speaker.

    Reply
  • Jason 1 week ago

    Rich get richer, and no better way on the planet than to hedge on US govt despite risks – seems riskier everywhere anyways.

    Reply
  • Fiddlesticks! 1 week ago

    Am I the only one who feels sorry for the dog in 14:40?

    Reply
  • William Jennings 1 week ago

    The problem is that modern, posh RIcardian economics post-dates Constitutional Law on this issue. It’s difficult to find a buzz word which is not also anachronism.

    Reply
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    Reply
  • Keith Hibbard 1 week ago

    so the moral of the story is as long as the market rises forever, faster than inflation, then we will never have to worry about the debt. sounds pretty flimsy to me. he pretty much described a ponzi scheme as our monetary policy and acted like its fine, actually, he called you dumb if you questioned it, this video really make me want to buy btc

    Reply
  • Keith Hibbard 1 week ago

    anyone else notice when he says don’t just give it to rich people he immediately suggests we give it to a bunch of rich people. last time i checked you don’t just lay a dollar bill on a road and it gets built, who do you think are winning these govt contracts for this debt? obviously its the rich

    Reply
  • Nightfall Shadow 1 week ago

    Where can I buy those sexy pillows at?

    Reply
  • prezo dent 1 week ago

    If I borrow money from myself and have to pay myself do I have to pay it , and could the Asians strong arm you to pay up . I am not paying this is stupid

    Reply
  • Reid Fleming, World's Toughest Milkman 1 week ago

    If there’s one guy who knows how to put on a show finale, it’s John Oliver.

    Reply
  • D 1 week ago

    I dont know where to start, this guy simplify national debt as if you just have to print money to cover it.

    Reply
  • ahmad afandi Ngaiman 1 week ago

    The actual number to really look out for is debt service ratio …. It is at roughly 7.8% in 2021.. Absolute numbers means nothing really.

    Reply
  • Thomas Beers 1 week ago

    28 trillion is a fuck ton of money had me ballin fam

    Reply
  • Thomas Beers 1 week ago

    We the people make the rich pay for it. Bunch of parasites

    Reply
  • yataro okayama 1 week ago

    And Baiiden regime Now has a military budget $753 billions , last time was almost $600 billions , so now it’s $153 even MORE that is 3,5 times the Budget of India (Number 3) !

    Reply
  • Thomas Beers 1 week ago

    They don’t care about us. These rich politicians don’t care about us one bit. Fuck them all.

    Reply
  • Monica G 1 week ago

    Kind of disappointed that John didn’t talk about MMT, modern monetary theory.

    Reply
  • Lukas Wild 1 week ago

    The argument about Greece is so stupid. Greece was in trouble because a lot of credit rating agencies downgraded them HARD, so nobody would lend them any more money to pay the interest on that debt. Since all major agencies are US-based, they wouldn’t dare to do the same to the US.

    Reply
  • mcflan68 1 week ago

    This is a bunch of crap. Lots of words to dismiss being fiscally responsible.

    Reply
  • DrCruel 1 week ago

    I hope some criminal gets hold of John Oliver’s credit card. Then he’ll know how the rest of us feel.

    Reply
  • Dee Dub 1 week ago

    Adam friended is fuming right now 18:16

    Reply
  • Lacy Johnson 1 week ago

    The light environment oceanographically support because uncle allegedly strengthen beyond a acrid maria. tremendous, silky lier

    Reply
  • Jedii Kniight 1 week ago

    Legalize WEED, and problem solved in less than 10 years

    Reply
  • Clarence Thompson 1 week ago

    If you think runaway national debt isn’t an economic time bomb than you are an idiot.

    Reply
  • anunnaki 1 week ago

    Does anyone want 14 trillion Anunnaki Tokens? I will trade 5 million for some tesla coin.

    Reply
  • Joshua Suh 1 week ago

    Lol this guy is an idiot.

    Nixon Ends Convertibility of US Dollars to Gold and Announces Wage/Price Controls August 1971 With inflation on the rise and a gold run looming, President Richard Nixon’s team enacted a plan that ended dollar convertibility to gold and implemented wage and price controls, which soon brought an end to the Bretton Woods System.

    Go do some search and simply take a look at pre 1970 national debt to post 1970 national debt. Lol Yeah all of sudden debt exploded since we got off the gold standard. Lol

    Reagan administration
    President Reagan increased the debt by $1.85 trillion, or by 186%. Reagan’s brand of supply-side economics didn’t grow the economy enough to offset the lost revenue from its tax cuts.

    Clinton administration.
    the national debt went from $4.4 Trillion at the end of 1993 to almost $5.7 Trillion at the end of 2000, U.S. Treasury data shows, a 28 percent increase in the debt over this time when our nation supposedly was running a balanced budget.

    Bush administration
    President Bush added $6.1 trillion to the nation’s debt, the second-largest amount in dollars. This took National Debt from $5.8 trillion in 2001 to $11.9 trillion in 2009 a 105% percent increase. 

    Obama Administration
    When Obama was sworn in on Jan. 20, 2009, the debt was $10.626 trillion. 1 When he left office on Jan. 20, 2017, it was $19.937 trillion.

    Trump Administration
    On President Trump’s first day in office (January 2017), the total debt load of the nation was $19.947 trillion. Just before the COVID-19 pandemic started in the United States, the national debt load of the country was $23.442 trillion.

    If you haven’t realized by now.. You must be an utter idiot. Lol it doesn’t matter who runs the country. It is just a byproduct of going off from real money to fiat ponzi pyramid scheme “debt based” monetary policy. Just go study some Austrian economics. Ok?

    Plus this isn’t even really a issue right now. EU, China and Japan has higher debt than USA if you compare debt to GDP. Lol lol this guy is an idiot.

    Just duck duck go
    “quadrillion in derivatives”
    Ok? That’s precisely why Globalists are screaming global reset great reset lol

    Go get some physical gold and silver ok?
    And stop listening to a monkey.

    Reply
  • M R 1 week ago

    Gen X, Gen Y, Gen Z and Alpha should unsubscribe to John Oliver.

    Reply
  • Ryan W 1 week ago

    Stop consuming, start savings, pay off debt, buy gold, silver, farmland and bitcoin. Store guns, ammo food and water.

    Reply
  • Jen 1 week ago

    Great show! Take care, John

    Reply
  • Eric Farina 1 week ago

    You wanna give companies leeway to accrue massive debt by throwing up a couple of success stories?
    I worked for a company that let shelf-stable goods expire in backstock without ever seeing the sales floor, produce sxpire in the kitchen and produce department, kept ordering more and more no matter what, moved into a brand new building by soliciting donations and loans from the community despite never turning a profit, and actively pursued $150 cash handouts from unsuspecting customers all while overcharging customers for literally every single product and claiming to save the Earth and support the community.
    What is truly insane, is that the people there might actually believe that is what they are doing. People like you give them leeway.
    “People like you” is a loaded term. What I mean in this instance, is people who advocate this unfathomably reckless behavior with proclamations of internal rationalization of self-interest.
    Just like the managers and business owners around this country who aren’t fit to run a lemonade stand (because our society educates no one to be competent and productive).
    Workers aren’t managers, but they are pretty fucking fed up.
    Particularly the majority of producers who work in service.
    Take heed, the masses never serve the strong for long.
    The only question is, how prepared are the strong?

    Reply
  • Toughnut 1 week ago

    Republicans are eeeeeeeeeeevil.

    Reply
  • Danny Lieberwirth 1 week ago

    did anyone else notice the date on the urn was from before the upload date

    Reply
  • Christian tretter 1 week ago

    I usually agree with his videos, but this used quite a bit of flawed logic. The interest rates are decreasing so much because the fed is manipulating them to be so low. Inflation has not set in as much in cpi, but it has manifested in asset prices. That is why the stock market is so high rn. About 50% of US dollars in circulation were printed in the last year, so by definition that is inflation. Inflation also is not very easy to reign in either. Probably the biggest issue with the excess spending the US has been doing is going to devalue the dollar. The debt may not be an issue now, but it should only begin to become an issue when the dollar begins to drop in value. The more and more we spend in deficit, the more the dollar will devalue. We have never come anywhere close to this amount of spending in the history of the US, and coupled with low interest rates it just kicks the debt crisis down the road. The longer we keep the interest rates so low, and continue spending money on quantitative easing, the harder the economic crash will be. Either the fed continues to spend until the dollar loses it’s reserve currency status, or we have to raise rates, and tank the economy. A deficit cannot be run forever, and the longer we run a deficit the deeper the inevitable depression will be. Also our kids will have to pay for this debt. Arguing that they will not have to pay it is just untrue. The only way to pay of government debt is through raising taxes, or by printing money and decreasing the value of the currency in the process. Since we have printed so much money and accrued so much debt in the recent years, our kids will have to pay an proportionately high amount of debt to fund this spending. That’s just simply economics.

    Reply
  • Panda Peep 1 week ago

    Reagan should’ve stuck to selling things on commercials. He was a terrible President and we are still paying for his mistakes – fiscally, culturally, medically, and in our environment. This nation needs to stop electing entertainers.

    Reply
  • Fork B 1 week ago

    So made up numbers are ruining the country? Seems like America needs a reboot!

    Reply
  • SadSovietSpy 1 week ago

    20:58 So we just gonna ignore the fact that she put a stethoscope on a puppy’s balls?

    Reply
  • Prasanna Surange 1 week ago

    I can proudly say that I lived through a weird era where I shunned news channels and got my enlightening facts from a comedy show !!😁🤦‍♂️

    Reply
  • h 1 week ago

    I don’t try to sound condescending, but please read this if you want to understand more about this matter, and don’t let politicians fool you.

    1 / Why more debt doesn’t mean a higher inflation rate? ( for some countries)

    “I don’t know why the interest rate goes down”. Yes, they do, they just don’t tell you. The main reason is the currency reserves.

    Countries around the world use several currencies to trade instead of using their own currency to avoid winners and losers when the exchange rates change. The US dollar and Euro are among the world currency reserves. The US dollar is by far the most used in the world.

    It’s all about supply and demand. So, if the demand for the dollar is there, the US can continue to “print” money without losing its value ( inflation). The interest rate has a direct relationship with the inflation rate. If the inflation rate does not go up, there is no reason to raise the interest rate to reduce the money supply in the domestic market (people borrow less when the interest rate is high).

    Extra information.

    2 / So, why Greece had the problem even when it uses the Euro? Simply Greece can not control the supply of the Euro itself. This is the main problem of the EU. In the economic term, we call it a “multi-zone” or “dual-zone” economy growth problem. It literally means every member of the EU has their own economy and they don’t grow ( or fluctuate) at the same speed.

    Why is it a problem for the EU members when using the same Euro? Again, it has to do with the money supply. Said, if your economy doesn’t do well like Greece, people will spend less. When they spend less, the money value will increase (deflation). And when the value of money goods and service is cheaper. And that’s a good thing if you think about trade. If your goods and services are cheaper than other countries, they will buy more. In turn, it will help the economy to recover. However, please don’t be confused between domestic deflation and the exchange rate. That’s the precise reason why Greece has a problem. Why?

    Even when Greece experiences an economic slowdown, the exchange rates of the Euro do not go down because the Euro exchange rate relies on richer countries in the EU; therefore, Greece can’t issue more money to lower the exchange rate. That means goods in services in Greece are still expensive for other countries to buy.

    3/ If it’s so great when your currency is a currency reserve, why don’t all the big countries try to do that?

    There is no free lunch -we call it the Triffin Paradox. Take the US for example, because the US dollar demand is so high ( high value), the US consistently runs a trade deficit annually – goods and services are more expensive in the US for its trade partners. This is the reason why China does not want its currency to be used widely because it heavily relies on trade. However, that trend will change in the future when China relies more on investments.

    Reply
  • Jason Shaw 1 week ago

    John how you waste your breath… Republicans dont listen, don’t understand and most probably dont even watch your show.

    Reply
  • o0O-JD-O0o 1 week ago

    You know a country is messed up when you can make a show every week about It. sigh

    Reply
  • Em Jay 1 week ago

    It’s okay to steal from your kids’ kids cuz there’s a billboards built by a murderer. I mean, we’re only the richest country in the world. Let’s call it an investment even though there’s zero intention to settle the tab.

    Reply
  • Thom Harrison 1 week ago

    I can’t be the only one who was waiting to see if Japan got a mention

    Reply
  • S. H. Emam 1 week ago

    Debt causes inflation in the price tags, specially the price tag of properties, through injecting printed money – and not gold backed money – to the economy (devaluating the real money), without raising the wages proportionally. Your children will face a future when, no matter how hard they work, they cannot have a shelter.

    Reply
  • Johan Mattias 1 week ago

    Bummed there wasn’t a Hamilton reference

    Reply
  • Ainul Khairil Ezral 1 week ago

    Dear Mr. Oliver, can you do a segment on Greg Gutfeld of “Gutfeld!”, please?

    Reply
  • Kl Sc 1 week ago

    Press “clear” just like a calculator

    Reply
  • Dur Duples 1 week ago

    Please tell me you are aware that this is sponsored propaganda and I certainly hope they are at least paying you well. To those who cant figure it out, we are sorry for your struggles

    Reply
  • Cla Tayag 1 week ago

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    Reply
  • Jeff F 1 week ago

    This is why I got burned out voting for
    Jacka$$e$.

    Reply
  • kulturfreund66 1 week ago

    If you don’t know why interest rates go down watch David Morgan.

    Reply
  • jim b 1 week ago

    we need to start treating the debt like right wingers treat climate change…………..if the argument is you don’t give a shit cause you’ll be dead by the time it’s a problem……….. you don’t have a right to pretend like you give a shit about the debt you leave your kids.

    Reply
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  • Darah Kehnemuyi 1 week ago

    Somewhat confused. WHAT HE GETS RIGHT: government debt does not matter when that debt is being used to pay for productive investments. Some examples from our history: FDR’s economic recovery and rural electrification, WW II, interstate highway system, the space program. WHAT HE CONFUSES: Government debt to GDP doesn’t matter; total private debt to GDP can be a problem for a national economy. WHAT HE OVERLOOKS: the sovereign issuer of its own currency will never go bankrupt. The US Dollar is the world’s major reserve currency, which makes us (the US) the world’s largest “bank”. That is a good thing. We are not Greece, because they gave up their own currency and adopted the Euro; while Greece can face bankruptcy, we will never do so as long as we are the issuer of our own currency. BACK TO THE START: national debt is good for productive investment (like infrastructure and education) now and for the future of our children.

    Reply
  • der.Schtefan 1 week ago

    Why is Tina Fey so angry?

    Reply
  • vliduu zeeb 1 week ago

    Kind of disappointed that John didn’t talk about MMT, modern monetary theory.

    Reply
  • MS Q 1 week ago

    Is US going to invade another oil reach country to compensate it ? 🤐

    Reply
  • Adam Macias 1 week ago

    Love to break it to everyone but the debt will NEVER get paid off. It’s impossible. Now you know.

    Reply
  • L 1 week ago

    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.

    Reply
  • Tater Tots 1 week ago

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    Reply
  • Juliana Sayago 1 week ago

    Love Ted Cruz’s poem 😂

    Reply
  • Edward Mottram 1 week ago

    If you owe the bank $100, that’s your problem. If you owe $100,000,000 that’s the banks problem. Lol.

    Reply
  • MrAaronschoice 1 week ago

    You’re the parasite mr oliver

    Reply
  • lykou sar 1 week ago

    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.

    Reply
  • David Solis 1 week ago

    Hmmm. Are we saying that government is a lender to factory builders?

    Reply
  • David Solis 1 week ago

    I suppose the economic collapse did not leave any deficit issues. Oliver is not very smart.

    Reply
  • rootvalley 1 week ago

    The problem with debt is it allows spending beyond your means for what you need until you forgot what you needed.

    Reply
  • Franco Cousins 1 week ago

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  • Aurelio Ramos 1 week ago

    Government bonds at this time are *not* a pretty safe investment. unless by that you mean a safe way to erode wealth.

    Reply
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  • Dave Joyce 1 week ago

    Tax revenue’s went UP after the Trump tax cuts because of increased growth. Study the Laffer Curve in terms of tax rates.

    Reply
  • Tyrell Dunn 1 week ago

    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.

    Reply
  • Dave Joyce 1 week ago

    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.

    Reply
  • L D 1 week ago

    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////

    Reply
  • Kwokman Chung 1 week ago

    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.

    Reply
  • Matthew Allen 1 week ago

    Don’t worry our children won’t pay the debt. They will overthrow the government

    Reply
  • rogermwilcox 1 week ago

    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!

    Reply
  • wondertwin 1 week ago

    The US is not Greece. Greece relies on tourism heavily instead of manufacturing etc. so of course they’re going to be affected differently.

    Reply
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  • L D 1 week ago

    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.

    Reply
  • Zach Morgan 1 week ago

    Finally we can get back to issues that matter and not Trumps latest display of ignorance.

    Reply
  • Ironic Ugandan 1 week ago

    It’s basically “do as I say not as I do”.

    Reply
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  • Dwight Stone 1 week ago

    Regan sucked 😂

    Reply
  • mrorange 1 week ago

    Wait… Democrats are now in power and John is still attacking Republicans and not the party in power?! Okay, now I see. Clearly.

    Reply
  • Matthew Allen 1 week ago

    I thought the video was an Antifa or BLM protest.

    Reply
  • Matthew Allen 1 week ago

    Obama spending like bull sh*t solar panel and high speed trains that don’t exist!

    Reply
  • Matthew Allen 1 week ago

    So there will never be an other crash. Joe Biden will never raise taxes on the RICH

    Reply
  • Zach Morgan 1 week ago

    This is some HEAVY DUTY PRO SPENDING PROPAGANDA right here

    Reply
  • Daniel Rodriguez 1 week ago

    So debt is good because Republicans have double standards and make dramatic campaigns? Got it

    Reply
  • Frank B 1 week ago

    You’re a tool of the establishment John Oliver.

    Reply
  • Stanley Saldana 1 week ago

    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.

    Reply
  • Bart Schoonvliet 1 week ago

    Actually… interest rates are starting to rise…

    Reply
  • DavidVT23 1 week ago

    John’s urn says he died March 30th, 2021 (or possibly 2121).

    Reply
  • kokoCAT07 1 week ago

    When the note comes due all US is gonna say, come and get it. we only invest half a trillion in weapons every year 😉

    Reply
  • robotpanda77 1 week ago

    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?

    Reply
  • Krzysiek Mazanek 1 week ago

    What a idiocracy propaganda, without hard currency they can tax you savings through inflation, your currency is debased to the point of worthless paper

    Reply
  • Julia Franco 1 week ago

    A non-American speaking about American problems 😂

    Reply
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  • Unknown Being 1 week ago

    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

    Reply
  • Unknown Being 1 week ago

    Well if you don’t count the already filthy rich

    Reply
  • nsvanlindh 1 week ago

    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.

    Reply
  • NYC1E1 1 week ago

    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.

    Reply
  • Zarahemla Dela Cruz 1 week ago

    Somebody, please send me that pillow XDDD

    Reply
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  • kgonepostl 1 week ago

    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.

    Reply
  • foggy wet dog 1 week ago

    Get ready, Biden is going to quadruple it.

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  • Johnny G 1 week ago

    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.

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  • Darrien Colbert 1 week ago

    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.

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  • Darrien Colbert 1 week ago

    Further to add if the GOP holds cutting taxes so near and dear to their core how do they expect to pay for anything besides cutting the shit we as average citizens actually need; like healthcare, social security, education, etc…? Meanwhile spending at least double on defense MORE than the next closest competitor and atleast 10x as much as everyone else is somehow not enough.

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  • Joseph 1 week ago

    If you watch this show for the jokes and hyperbole you are ok. If you watch this show for a serious discussion on the issue of the national debt you will be terribly misinformed. How did he do a 22min piece on the national debt and not once mention the Fed?

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  • Fredrik O. Zachrisson 1 week ago

    No worries man. Just keep spending people

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  • Tom