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Started By
Message
re: America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons
Posted on 10/15/25 at 9:17 am to sgallo3
Posted on 10/15/25 at 9:17 am to sgallo3
quote:
Like the guy that made $192 million in 2 hours Friday shorting bitcoin 30 minutes
There are no restraints on the powerful (billionaires) taking advantage of the not powerful.
That was a function of government, now the government is helping the powerful rake the powerless.
0
Posted on 10/15/25 at 9:28 am to jlovel7
quote:
Was just talking with my wife about this. We are only in debt on our house but feels like we are being totally squeezed everywhere. We make as much as we’ve ever made and feels like we are generally pretty fiscally conservative ESPECIALLY compared to the average American yet still see our non investment accounts slowly lowering.
100%.
Fortunately we’ve been hedging for years with physical gold , which has made up for that loss in buying power at least as a stored value of wealth,
Posted on 10/15/25 at 9:28 am to AUFANATL
quote:
fiscally responsible Republicans)
Posted on 10/15/25 at 9:31 am to wesfau
quote:
They won't, but thanks anyway for the extreme tax hike on the American populace.
The tariffs didn’t even go through congress. The President snapped his fingers and the largest tax on American consumers in history happens.
And people aren’t pissed about it. Wild times
Posted on 10/15/25 at 9:37 am to VOLhalla
quote:
The tariffs didn’t even go through congress. The President snapped his fingers and the largest tax on American consumers in history happens.
And people aren’t pissed about it.
Most TD posters still think other countries pay for them
Posted on 10/15/25 at 9:38 am to ragincajun03
quote:
In an interview, Buffett said, “I could end the deficit in five minutes. You just pass a law that says that any time there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”
Posted on 10/15/25 at 9:38 am to VOLhalla
quote:
The tariffs didn’t even go through congress. The President snapped his fingers and the largest tax on American consumers in history happens.
And people aren’t pissed about it. Wild times
Probably because the effects of tariffs, or supposed effects, can’t be quantified with an exact number like someone may see when they do their tax returns each year? Hell…I try to pay attention, but between all the noise from the two extremes of “MAGA’s 17D chess tariffs are going to bring back all these jobs and revenue and allow us to eliminate all federal taxes” vs “Trump’s tariffs are going to bankrupt every American household in 180 days”, it’s been tough to figure out the REAL results.
This post was edited on 10/15/25 at 9:39 am
Posted on 10/15/25 at 9:41 am to VOLhalla
One if the “hypothetical” benefits of tariffs is the relocation of manufacturing to the US over time, creating jobs and industry here that sustain our economy and create stability.
That part takes a very long time and we can only guess to its effectiveness.
If it works, it’ll be great for future generations, but it hurts our wallets in the interim.
That part takes a very long time and we can only guess to its effectiveness.
If it works, it’ll be great for future generations, but it hurts our wallets in the interim.
Posted on 10/15/25 at 9:45 am to ragincajun03
quote:
it’s been tough to figure out the REAL results.
No, it's really not.
Americans are paying higher prices due to this policy. We're paying for his tariffs, not China.
Posted on 10/15/25 at 9:45 am to W2NOMO
quote:
Eliminate the USPS all together.
USPS loses between $7B and $9B a year on average. They just need to raise rates on bulk mail and eliminate Saturday delivery. Just getting rid of Saturday delivery would supposedly reduce their existing deficit by about 1/3
Remember if you get rid of USPS, it would have the downstream effect of putting a lot of companies out of business that produce mail out advertising. So you'd have to factor in how much lost tax revenue that would mean.
Posted on 10/15/25 at 9:45 am to CatfishJohn
Also, against every fiscal belief I’ve ever had, I’m coming around to saying billionaires need a semi-cap. A very high cap, 5-10 billion or something, but after that level you owe 90% of additional earnings in taxes.
They’ll skate around some of it using debt and other things, but it’ll make a difference IMO.
They’ll skate around some of it using debt and other things, but it’ll make a difference IMO.
Posted on 10/15/25 at 9:47 am to ragincajun03
JP Morgan is exactly correct.
And then, without warning....
Catastrophe strikes and all he'll breaks loose suddenly.
Those without hard, real assets will be left holding an empty bag (no pun intended).
And then, without warning....
Catastrophe strikes and all he'll breaks loose suddenly.
Those without hard, real assets will be left holding an empty bag (no pun intended).
Posted on 10/15/25 at 9:47 am to Yaboylsu63
quote:
1) kick off any illegals receiving benefits and money.
2) deport another 5-10MM and watch home and grocery demand go down
3) shrink fed gov by 40% minimum, Dept of Ed can completely go away
4) pass a law that that says a balanced budget must be passed and if not, all wages and investments of congressional representatives will be garnished/seized with the only exception being in times of declared war by Congress.
5) fix all entitlements and welfare. Put restrictions on them again and enforce them.
All the gov money drying up will 1000% affect the economy, but we will definitely be better off in the long run.
Yeah, that's probably the issue.
Posted on 10/15/25 at 9:47 am to Tiger Prawn
quote:
USPS loses between $7B and $9B a year on average.
It's a service, not a business. It's not supposed to be a profit/revenue generator.
Posted on 10/15/25 at 9:48 am to Chinese Bandit Boy
quote:UPS and FedEx will need subsidies to deliver packages to northern Alaska
Get rid of USPS and let UPS/FEDEX pick up what USPS is doing and let them do it as a private for profit company.
Posted on 10/15/25 at 9:48 am to Tiger Prawn
quote:its an employment welfare for liberals.
Remember if you get rid of USPS, it would have the downstream effect of putting a lot of companies out of business that produce mail out advertising. So you'd have to factor in how much lost tax revenue that would mean.
USPS has 533,000 career employees as of 2024. USPS also has 106,000 non-career employees (i.e. seasonal/temporary) in 2024.
The number of civilian federal employees outside USPS is about 2.35 million (executive branch civilian roles, excluding USPS).
This post was edited on 10/15/25 at 12:46 pm
Posted on 10/15/25 at 9:57 am to W2NOMO
A former president of UPS is a family friend. He said they want zero part of USPS’ obligations or load.
Posted on 10/15/25 at 10:02 am to CatfishJohn
quote:
Also, against every fiscal belief I’ve ever had, I’m coming around to saying billionaires need a semi-cap. A very high cap, 5-10 billion or something, but after that level you owe 90% of additional earnings in taxes.
They’ll skate around some of it using debt and other things, but it’ll make a difference IMO.
They'll skate around it by leaving the country. And the likes of Elon, Bezos,etc. don't exactly have their wealth sitting in a Scrooge McDuck type vault, it's tied up heavily in stocks. What happens to Tesla/Amazon stocks when they suddenly need to sell tens/hundreds of billions of dollars of it to pay taxes?
What happens if someone starts a private company that eventually becomes worth $5b? What incentive do they have to expand/improve after that? What if the $5b private company eventually grows to, say, $15b? Are they forced to go public at some point so that they can sell off ~2/3 of the company (becoming a minority owner)? If they're allowed to keep the company private, then does the government simply own 90% of the company beyond the allowed $5b?
Posted on 10/15/25 at 10:04 am to ragincajun03
quote:
he pointed to tariff revenues raking in significant sums ($31 billion in August, according to the White House
A tariff is a import tax… that 31 billion in August was paid by Americans… that’s robbing Peter to pay Paul economics
This post was edited on 10/15/25 at 1:38 pm
Posted on 10/15/25 at 10:06 am to W2NOMO
quote:
its an employment welfare for liberals
I know someone who runs an advertising business that does a lot of the postcard type mailers. Dude is as MAGA as they come.
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