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re: America's national debt surpasses $30 trillion for the first time

Posted on 2/2/22 at 12:36 pm to
Posted by TSmith
New Orleans, La.
Member since Jan 2004
2344 posts
Posted on 2/2/22 at 12:36 pm to
International investors like China and Japan won't be calling us on our debt to them. They know that we would just print more money, which would de-value the very debt they're owed.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 2/2/22 at 12:36 pm to
quote:

Ol' Slick Willy.



2008 ring a bell?
Posted by OMLandshark
Member since Apr 2009
120445 posts
Posted on 2/2/22 at 12:38 pm to
quote:

presidents are not responsible for the debt. Congress is responsible. sad i have to keep correcting the nonsense attributed to presidents.


Regardless my point is this is completely bipartisan. When Republicans aren’t in power they bitch about the national debt, but when they’re in power they do nothing to control the outrageous spending. They’re all frauds.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 2/2/22 at 12:39 pm to
Japan is in deep shite with us, along with S Korea
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
19957 posts
Posted on 2/2/22 at 12:43 pm to
They just print money so what does it even really matter?
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 2/2/22 at 12:44 pm to
quote:

Explain to me like im 5 why 30 trillion (or any other trillion matters) if 20 trillion didnt matter compared to zero dollars in debt.


Is your Mantle baseball card worth more if there are 10 of them in circulation or 100,000.

National Debt leads to inflation. That is why you should care.
This post was edited on 2/2/22 at 12:45 pm
Posted by rexorotten
2314762 posts
Member since Oct 2013
5133 posts
Posted on 2/2/22 at 12:47 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139409 posts
Posted on 2/2/22 at 12:48 pm to
Government irresponsibility at it's finest.
Posted by LSUisKING
Edgard
Member since Dec 2007
3038 posts
Posted on 2/2/22 at 12:51 pm to
quote:

quote:
Ol' Slick Willy.


2008 ring a bell?




Huh?
Posted by CAD703X
Liberty Island
Member since Jul 2008
93290 posts
Posted on 2/2/22 at 12:57 pm to
as someone who tries to minimize any debt, this makes me incredibly uncomfortable.

but you know, biden & peppermint patty are much smarter at the money thing.
Posted by Origins of Asymmetry
Member since Feb 2022
724 posts
Posted on 2/2/22 at 1:08 pm to
quote:

for the first time

You say this as if it usually goes down also
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18694 posts
Posted on 2/2/22 at 1:57 pm to
quote:

America's national debt surpasses $30 trillion for the first time


now that a Democrat is the President do we care about the National Debt again? I can't ever remember, I'm guessing yes?
Posted by Loup
Ferriday
Member since Apr 2019
16970 posts
Posted on 2/2/22 at 2:06 pm to
This is the real threat to America. CRT and trans bathroom issues are just part of the bread and circus to keep us distracted. When a republican gets elected most republicans forget about the national debt and all of a sudden it's an issue for democrats. When a democrat gets elected those same republicans remember that it's a serious issue.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 2/2/22 at 2:13 pm to
the collapse. slick willy had the wheels for the 2008 collapse already rolling. he often gets left out of the blame game
Posted by ccomeaux
LA
Member since Jan 2010
8184 posts
Posted on 2/2/22 at 2:49 pm to
quote:

128.01 of GDP


Greece collapsed well below 128%
Posted by dgnx6
Member since Feb 2006
89772 posts
Posted on 2/2/22 at 2:50 pm to
Biden said all of this was free.

What happened?
Posted by Old Hellen Yeller
New Orleans
Member since Jan 2014
9957 posts
Posted on 2/2/22 at 2:56 pm to
quote:

How about we just tell China that the entirety of our debt to them is cancelled since they, you know, unleashed Covid on the world (with the help of other elites)


Yeah but then who’s going to replace china when they stop lending us money
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6793 posts
Posted on 2/2/22 at 3:09 pm to
quote:

Government borrowing accelerated during the Covid-19 pandemic



Posted by LRB1967
Tennessee
Member since Dec 2020
23171 posts
Posted on 2/2/22 at 3:11 pm to
Perfect example of why you don't trust liberals with money.
Posted by LSUinMA
Commerce, Texas
Member since Nov 2008
4963 posts
Posted on 2/2/22 at 3:24 pm to

Wait, Donald Trump didn't have a sound fiscal policy? Who possibly could have ever seen that coming?
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