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Posted on 12/2/16 at 11:03 pm to buckeye_vol
quote:
I'm curious. Who do you think holds most of our debt?
Parasites.
Posted on 12/3/16 at 4:57 am to Deuces
quote:
So we can see if Obama continues to beat his previous high score!
Obama is done my friend....and Trump will beat Barry's high score and thank god he will....y'all are about to see proof beyond your ability to deny...and y'all are some major league caliber deniers of fact....that Keynes was right all along and deficits and debt truly do not matter. Austerity and conservatism drove the working people of this country into a modern day American version of a revolution and for at least 24 years and probably since Carter the Dems tried to out republican the republicans....well that sad saga in the history of this country is done....there is a new sheriff in town and if he is true to his word capital and labor both are going to enjoy quite a ride and never again will the average of either group fall for anymore conservative bullshite the likes of which JFK started in the United States....
Posted on 12/3/16 at 5:39 am to nateslu1
quote:
Who believes we will ever eliminate the deficit?
Deficit and national debt aren't the same thing.
"In simple terms, a budget deficit is the difference between what the federal government spends (called outlays) and what it takes in (called revenue or receipts). The national debt, also known as the public debt, is the result of the federal government borrowing money to cover years and years of budget deficits.
This post was edited on 12/3/16 at 5:42 am
Posted on 12/3/16 at 6:01 am to buckeye_vol
The American public does.
Posted on 12/3/16 at 6:13 am to nateslu1
The majority of the people who hear the news say that Obama lowered the deficit, think that he has lowered the National Debt. People have little clue what's going on.
Posted on 12/3/16 at 6:34 am to nateslu1
I don't GAF about the national debt. What will they do if the united states just says "frick you, were not paying". What are they gonna do about it? I'm seriously asking here.
Posted on 12/3/16 at 6:38 am to AlaTiger
quote:
It was like the GOP Congressmen were destroying America for supporting any spending whatsoever.
So opposing any increased spending is "destroying" any spending whatsoever?
Good to know.
quote:
People were going ballistic.
Meh. People were trying to take a stand.
quote:
That fad faded pretty quickly.
Because the President of the U.S. used the IRS to destroy the Tea Party.
quote:
Now, no one cares about the debt anymore.
Well - not "no one" - but more people should.
Posted on 12/3/16 at 8:41 am to SECdragonmaster
quote:
It does not matter anymore.
It may as well be a thousand kajillion dollars.
Our government will make sure it's never an issue until it all collapses.
Very true, but unfortunately that collapse is much closer than most believe. Our situation is best summed up by paraphrasing an old joke: If your country owes a billion dollars it has a debt problem, if it owes 60 trillion dollars it has a currency problem. We're in the advanced stages of a currency problem, probably 50 years into it and this is where things start to unravel at a fast pace. Most Americans will never even realize that the wars and poverty and internal chaos aren't the disease, they're symptoms, partly orchestrated, of economic mismanagement and late stage looting.
Posted on 12/3/16 at 8:53 am to bamagreycoat
quote:
I don't GAF about the national debt. What will they do if the united states just says "frick you, were not paying". What are they gonna do about it? I'm seriously asking here.
You will when the dollar becomes worthless.
Posted on 12/3/16 at 9:03 am to nateslu1
The national debt and the budget are my main issues. Trump lost me when he actually mentioned us defaulting on our debt and printing another Trillion dollars for infrastructure spending.
Posted on 12/3/16 at 9:04 am to Ace Midnight
quote:
The media is going to start taking it very seriously in about 7 weeks. And homelessness, the unhappy index, part time workers, pollution, death, dolphins, Aids, Pledge of Allegiance, gerrymandering, military spending, trade deficits, mean words etc So, there's that...
Posted on 12/3/16 at 9:07 am to nateslu1
Ha, just wait until the costs of servicing those debts go up. That's when it will start increasing exponentially.
Posted on 12/3/16 at 9:08 am to Wally Sparks
quote:
You will when the dollar becomes worthless.
Venezuela says hello!
Posted on 12/3/16 at 9:18 am to Ace Midnight
quote:
The media is going to start taking it very seriously in about 7 weeks.
So, there's that..
Absolutely, along with LPR, inflation, deficit spending, tax breaks, increasing number of part time jobs, etc......, the media has it all teed up ready for downloading into the Prog/Lib drones minds.
Posted on 12/3/16 at 11:11 am to wdhalgren
You realize that more than 60% of our US currency is held by foreign entities? So if you all think we have a currency issue and are expecting economic collapse then you better expect a global economic collapse. That ain't gonna happen.
Posted on 12/3/16 at 11:17 am to SECdragonmaster
Debt is only really debt if you intend to pay it back. If you just plan to keep rolling it, tell the truth and just call it income.
Posted on 12/3/16 at 11:20 am to joshnorris14
quote:
The number will matter increasingly as interest rates rise.
Not true.
It will matter to KEEP borrowing when Interest rates rise.
When interest rates are practically zero it is basically free money except for it's dilution of the dollars value and subsequent inflation.
But at This very moment with us having basically zero growth and zero inflation and close to zero interest rates it is a great time to borrow for infrastructure spending.
Borrowing for expanding Government services would be bad since we don't get good economic benefits from those.
Posted on 12/3/16 at 11:25 am to nateslu1
When you control a printing press there is no debt...merely a strength of currency.
Posted on 12/3/16 at 11:30 am to Loserman
I find it amusing that the press howled about George W's 300 billion deficits but said nothing about Obama's trillion plus deficits.
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