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Message
re: Interest on the debt is 60% of the Amount taken in by the Treasury in February
Posted on 5/9/24 at 9:16 pm to RiverCityTider
Posted on 5/9/24 at 9:16 pm to RiverCityTider
There is no way they will have the balls to do that.
Trump and Vivek will
Trump and Vivek will
4
Posted on 5/9/24 at 9:19 pm to FLTech
quote:
Trump and Vivek will
I don't think they could get the necessary spending cuts through congress.
Highly unlikely.
Bet on inflation.
Posted on 5/10/24 at 1:11 am to FLTech
quote:
There is no way they will have the balls to do that.
Trump and Vivek will
Trump wanted more CoVID stimulus than Congress would pass. He also wanted lower interest rates (=> inflation=> higher rates=> more expensive debt service). Trumps positions on entitlements are… no changes. The only thing Vivek has proposed is cutting government employees. But if you put discretionary spending to $0, you aren’t retiring a debt at all.
The OP is right. Our date is sealed. It was sealed in 2011-2012. Now it’s just a question of how we manage the collapse.
This post was edited on 5/10/24 at 1:12 am
Posted on 5/10/24 at 4:26 am to FLTech
quote:
There is no way they will have the balls to do that.
Trump will
He had the chance before, and did the polar opposite, printing 7.8 trillion and asking for more. His business history is built on debt.
Posted on 5/10/24 at 6:20 am to FLTech
quote:
There is no way they will have the balls to do that.
Trump and Vivek will
JFC. Trump doesn't even have the balls to address the debt/deficit issue on the campaign trail. He says nothing.
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