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re: Do you believe government financial collapse is inevitable?
Posted on 4/29/24 at 6:21 am to Cosmo
Posted on 4/29/24 at 6:21 am to Cosmo
quote:
The thing is that every other country in the world is also doing stupid shite with their currency
Not to sound conspiratorial but wouldn’t that lead to the eventual solution of a one world currency?
Posted on 4/29/24 at 6:22 am to OccamsStubble
quote:
We. Are. Broke. Every conversation about printing money to cover overspending should start there.
Reminds me of the Biden clown show when he first got into office. He said repeatedly "money is cheap, so let's spend it".
Compare that to Milei who repeatedly uses the phrase "no hay plata". Translated "there is no money".
The US needs to find our version of Milei.
This post was edited on 4/29/24 at 6:29 am
Posted on 4/29/24 at 6:32 am to Penrod
How do you explain the mini omnibus?
Posted on 4/29/24 at 6:45 am to SlidellCajun
quote:
In my life, only time we reduced our deficit was under a democrat president- Clinton. Since then, both sides have shown little restraint in the ability to cut spending. Lots of talk but no action.
Those were the last few years of the Baby Boomers working years before collecting social security and before the healthcare industry complex took over the military industrial complex in spending. It was also before the explosion in government benefits like Section 8 and expanded giveaways like increased earned income tax credits and child tax refundable credits.
It also didn’t help that we waged 2 wars in 20 years, but only fueled more hate when we pulled out.
Posted on 4/29/24 at 6:54 am to Thundercles
Unfortunately, the candidate(s) that runs on a fiscally conservative platform who actually discusses cutting our deficit in hopes of whittling down our debt is never going to win public office. In the unlikely event said candidate does win office, they learn quickly that Americans have little palate, if any, for making the sacrifices it would require.
Yes, I’ve major issue with Johnson sending billions in aid abroad, but Americans act like it’s Monopoly money anyway.
Yes, I’ve major issue with Johnson sending billions in aid abroad, but Americans act like it’s Monopoly money anyway.
Posted on 4/29/24 at 7:04 am to ibldprplgld
the economist came up with a new theory. modern m0netary theory. LINK it is all the rage in D.C. debt doesn't matter. congress loves it.
Posted on 4/29/24 at 7:06 am to ibldprplgld
Any serious proposal would have to include cuts to social security and Medicare but nobody running on that platform would ever get elected.
Posted on 4/29/24 at 7:43 am to Thundercles
In order to achieve one world order and digital currency, the U.S. and the dollar have to fail. After that happens, the remaining countries in the world will fall like dominoes.
The mega rich and the super powerful will control the world and we will lose complete control over all of our freedoms. Prices will skyrocket, wages will fall. personal ownership will be diminished and the government. will be in total control of every facet of our lives.
Look around, its already started. The conflicts we are facing are financed by the rich. Our government is complicit because their pockets are being lined by the mega rich.
Its part of the master plan, Its just a matter of time.
The mega rich and the super powerful will control the world and we will lose complete control over all of our freedoms. Prices will skyrocket, wages will fall. personal ownership will be diminished and the government. will be in total control of every facet of our lives.
Look around, its already started. The conflicts we are facing are financed by the rich. Our government is complicit because their pockets are being lined by the mega rich.
Its part of the master plan, Its just a matter of time.
Posted on 4/29/24 at 7:55 am to texas tortilla
quote:
the economist came up with a new theory. modern m0netary theory. LINK it is all the rage in D.C. debt doesn't matter. congress loves it.
frick that!
Posted on 4/29/24 at 8:04 am to Thundercles
Yep,
Just a matter of whether we run in the ground or a disaster strikes first.
Just a matter of whether we run in the ground or a disaster strikes first.
Posted on 4/29/24 at 8:04 am to fallguy_1978
quote:
Any serious proposal would have to include cuts to social security and Medicare
And Military.
Posted on 4/29/24 at 8:44 am to Thundercles
quote:
At our current rate we'll be at 40 trillion by probably 2030
It's going to happen way before 2030.
Posted on 4/29/24 at 8:47 am to jamiegla1
quote:
how does a president reduce a deficit?
They generally don’t but they can sign budgets and propose programs that can be budget busters- Homeland a security ring a bell?
Posted on 4/29/24 at 8:49 am to Thundercles
quote:
At our current rate we'll be at 40 trillion by probably 2030. No side ever cares about decreasing it. So either money isn't real and they can borrow to infinity/print 40 trillion
The spending problem starts with Congress with the purse is controlled by the House. The problem extends to voters who will not prioritize fiscal responsibility when elections roll around.
Posted on 4/29/24 at 9:01 am to Thundercles
Eventually it's inevitable. Not only our insane level of debt you mentioned, but also other countries see it coming and how we have weaponized the dollar in sanctioning Russia and are interested in a change, hence BRICS gaining momentum.
Posted on 4/29/24 at 11:58 am to OccamsStubble
quote:
If this rampant overspending leads to fiscal collapse, and it will, then Ukraine and Israel will be the least of our worries.
The rampant overspending is not on foreign policy. It is wasteful social programs, a bloated and ineffective military and interest on debt.
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