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Message

re: The Great Recession of March 3,2025

Posted on 3/4/25 at 8:55 pm to
Posted by NoMercy
Member since Feb 2007
4688 posts
Posted on 3/4/25 at 8:55 pm to
I definitely have my doubts too man but I want to try. I truly believe that just based on the crap we have found already there is enough fraud and waste in the government to cover at least the debt interest. Now will we ever get it through all the levels we need to get it through. That’s my doubt.
This post was edited on 3/4/25 at 8:56 pm
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11690 posts
Posted on 3/4/25 at 9:00 pm to
quote:

I truly believe that just based on the crap we have found already


You must know that these are all lies spread by right wing propagandists right?
Posted by NoMercy
Member since Feb 2007
4688 posts
Posted on 3/4/25 at 9:11 pm to
No. What proof is there of that? The pentagon has failed audits for like 7 straight years for almost $1T alone. That sounds like flat TDS to make such a statement. I’ve heard no one say these things being found throughout USAID were not real. We do not need to spend on this crap. If you think there is not fraud in SS, Medicare, and Medicaid you are naive. Government at its heart is insanely incompetent and full of corruption. Has been for a long time. You don’t magically balloon like we did in debt all on the up and up. Ukraine crap all along had God knows how much money laundering. Do you know what $300B is? I could by half of Walmart for that. All these politicians all end up with net worths in the 10s on millions on the up and up. I’m not that naive.
Posted by BCreed1
Alabama
Member since Jan 2024
6445 posts
Posted on 3/4/25 at 9:19 pm to
quote:

A washing machine was like 300 bucks in 2017 or 18 and 650 in 2024


Interesting that you decided to use 2024 when the tariffs ended at the beginning of 2023. BTW... I found one at Lowes for $450. $400 at Best Buy.

And that's with inflation.


This post was edited on 3/4/25 at 9:20 pm
Posted by el Gaucho
He/They
Member since Dec 2010
58518 posts
Posted on 3/4/25 at 9:21 pm to
I bought a washing machine in like 2017 and I bought a washing machine end of last year


Both were the cheapest floor model from Home Depot. A whirlpool or whatever
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93863 posts
Posted on 3/4/25 at 9:43 pm to
quote:

You must know that these are all lies spread by right wing propagandists right?


Yes everything that is factual is right wing propoganda to far left lunatics

Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
25001 posts
Posted on 3/4/25 at 10:36 pm to
Well, we will see if the market quit freaking out tomorrow now.
Posted by LSUAngelHere1
Watson
Member since Jan 2018
10137 posts
Posted on 3/4/25 at 10:47 pm to
quote:

SDV didn’t go to college and sells timeshares over the phone. Please take all his sage financial expertise seriously.

The most ignorant people went to college and got educated into idiocy.
Posted by SwampMonster
Member since Feb 2025
592 posts
Posted on 3/4/25 at 10:48 pm to
Sadness…the Prez gave a heads up he was increasing tariffs…on each of us to trade accordingly to take advantage of what was obvious would happen in market.

Tariffs are the ONLY way to reclaim so much of our run down post-industrial towns and bring manufacturing back here.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40326 posts
Posted on 3/4/25 at 11:29 pm to
quote:

After the artificial drop from COVID bullshite


Wrong. The market had already recovered and hit ath’s before biden took office.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40326 posts
Posted on 3/4/25 at 11:32 pm to
quote:

I truly believe that just based on the crap we have found already there is enough fraud and waste in the government to cover at least the debt interest.


Not even close
Posted by NoMercy
Member since Feb 2007
4688 posts
Posted on 3/5/25 at 12:21 am to
quote:

Not even close


I mean the current interest is like $900B. I was thinking $1.9T but I think that is the current deficit projection for this year. So with it being only $900B in lieu of the $1.9T I had in my head previously, we should blow the interest away with the waste and fraud that is out there.

Like I stated there will be at least $1T in the pentagon alone. It’s been estimated by non Trump associated agencies that anywhere from $200B to $500B in SS and Medicare. We have already found like $150B and there is so much more to audit. How can you say we can’t come close to beating the interest unless you just dead set don’t believe anything in front your face because Orange Man Bad?

The issue is being able to get all these cuts through everything that they have to go through since some will obviously have to go through congress. We already see the ridiculous court shopping to try and stop from cutting the dumbest shite probably because these politicians are all laundering money through this crap.
This post was edited on 3/5/25 at 12:26 am
Posted by FLObserver
Jacksonville
Member since Nov 2005
15848 posts
Posted on 3/5/25 at 4:42 am to
quote:

All these politicians all end up with net worths in the 10s on millions on the up and up. I’m not that naive.

Nancy Pelosi and many other politicians pulling millions a year buying selling stocks with insider info on deals and no deals.
Posted by el Gaucho
He/They
Member since Dec 2010
58518 posts
Posted on 3/5/25 at 6:39 am to
quote:

Market went up like 28% year 1 of brandon I imagine most of the people who post to MT regularly saw their net worth increase dramatically over the past 4 years.

Judas’ net worth went up 30 pieces of silver
Posted by NoMercy
Member since Feb 2007
4688 posts
Posted on 3/5/25 at 6:47 am to
They definitely do that but it takes money to make money with the insane worth of these people. They do more than insider trade. These are crooked people that have sold their constituents out for decades. I don’t think money laundering is above them.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148447 posts
Posted on 3/5/25 at 9:02 am to
Did tGoat semi-state of Uny last night help clot the bleeding?
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
25001 posts
Posted on 3/5/25 at 9:04 am to
quote:

Did tGoat semi-state of Uny last night help clot the bleeding?


Apparently not
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148447 posts
Posted on 3/5/25 at 9:38 am to
quote:

Apparently not
cursory glance at in my Schwab app shows aboot half and half red/green when I scroll my holdings me.... when the first half the week Ida been happy to have one or two above par
Posted by BCreed1
Alabama
Member since Jan 2024
6445 posts
Posted on 3/5/25 at 10:16 am to
quote:

Both were the cheapest floor model from Home Depot. A whirlpool or whatever


I understand. Prices do go up and you are purchasing in an inflated time. Cost's of fuel, etc...effect the price.

Posted by CharlieTiger
ATL
Member since Jun 2014
935 posts
Posted on 3/5/25 at 10:49 am to
quote:

We have already found like $150B and there is so much more to audit. How can you say we can’t come close to beating the interest unless you just dead set don’t believe anything in front your face because Orange Man Bad?


Have we though? There are numerous reports of DOGE just flat out claiming incorrect information. The NY Times reported on this and they even removed their top 5 savings claims from their "wall of receipts" because the math was incorrect.

I'm all for reducing waste, but I just don't think that group knows what the hell they're doing. I've been part of plenty of audits at my company(global fortune 500, so it's not some small mom and pop shop), but DOGE just seems to be going about this in a completely haphazard way. There doesn't seem to be any strategy to it. If this was an actual company running this, most of those people would have likely been fired by now due to the number of errors being made.


A couple examples of some large savings that have been removed or changed -

$8B cut at ICE. The actual amount was $8MM. The entire ICE budget is about $8 billion

$1.9B from cancelling an internal tech IRS contract. It was actually cancelled in Nov before Trump came into office.

Three $655MM cuts at USAID to equal $1.9B. This was one cut counted three times.

There was even one for the Coast Guard to get administrative help for $144k. That contract was completed in 2005.

Then you have the occurances of firing people and then having to re-hire them. Case in point, the employees that support nuclear weapons - LINK

Again, I'm all for getting rid of waste, but this just seems like a completely unorganized, scattershot approach to what they're doing. I do hope they find actual substantial savings, but it's hard to believe what they're saying with all the errors that have been found. If I turned in sloppy work like this, I wouldn't have a job anymore.
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