- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Trillion - we thrown this number around without thought
Posted on 4/12/20 at 5:47 pm
Posted on 4/12/20 at 5:47 pm
Used to be a billion. The stimulus package is measured in trillions.
To pay back a one trillion dollar loan, at a rate of one dollar per second, would take you 31,688 years. How old is America ?
“I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared…To preserve our independence, we must not let our rulers load us with perpetual debt…We must make our choice between economy and liberty or profusion and servitude...”
- Thomas Jefferson
To pay back a one trillion dollar loan, at a rate of one dollar per second, would take you 31,688 years. How old is America ?
“I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared…To preserve our independence, we must not let our rulers load us with perpetual debt…We must make our choice between economy and liberty or profusion and servitude...”
- Thomas Jefferson
17
Posted on 4/12/20 at 5:48 pm to tigernnola
I think most idiots in the House and Senate couldn't write $2.2 trillion on a sheet of paper. If they were given a pencil and paper.
Posted on 4/12/20 at 5:48 pm to tigernnola
My farts smell like strawberries
Posted on 4/12/20 at 5:50 pm to tigernnola
What were TJ’s thoughts on coronavirus?
Posted on 4/12/20 at 5:51 pm to tigernnola
Y'all people realize that ya boy put us 3 tril+ further down the hole before this all started right?
No one cared then.
No one cared then.
This post was edited on 4/12/20 at 5:52 pm
Posted on 4/12/20 at 6:01 pm to JohnnyKilroy
Which "boy"?
Posted on 4/12/20 at 6:02 pm to tigernnola
Posted on 4/12/20 at 6:03 pm to JohnnyKilroy
quote:
Y'all people realize that ya boy put us 3 tril+ further down the hole before this all started right?
Debt is only a concern when a Democrat is in the White House...historically bailing out the previous administration that cut taxes while raising spending- you know, like the last three years.
Posted on 4/12/20 at 6:08 pm to JohnnyKilroy
quote:Unfortunately, this is true
Y'all people realize that ya boy put us 3 tril+ further down the hole before this all started right?
No one cared then.
Osama / Bush 2 really did a number on this country. Obama kept it going, and so has Trump.
We pretty much have 3 options:
1. Cut spending AND raise taxes
2. Print money
3. Default
It has become too politically difficult to do the right thing (cut spending and raise taxes). So we are just running the printers at full speed.
Posted on 4/12/20 at 6:09 pm to tigernnola
We should artificially value the dollar like China does for the yuan
Posted on 4/12/20 at 6:11 pm to tigernnola
quote:
Used to be a billion. The stimulus package is measured in trillions.
To pay back a one trillion dollar loan, at a rate of one dollar per second, would take you 31,688 years. How old is America ?
C'mon man it's just numbers on a computer screen!
Posted on 4/12/20 at 6:13 pm to tigernnola
If you owe too much to the bank, the bank owns you
If you owe a huge amount to the bank, you own the bank
Also, nukes/aircraft carrier groups controlling the high seas and all traffic lanes. Come try and force us to payback when we aren't good and ready
If you owe a huge amount to the bank, you own the bank
Also, nukes/aircraft carrier groups controlling the high seas and all traffic lanes. Come try and force us to payback when we aren't good and ready
This post was edited on 4/12/20 at 6:15 pm
Posted on 4/12/20 at 6:35 pm to BigAppleTiger
quote:
Debt is only a concern when a Democrat is in the White House...historically bailing out the previous administration that cut taxes while raising spending- you know, like the last three years.
Please show us on the doll where the tax cut touched and hurt you.
Also, please show where the tax cuts actually lowered federal income.
We have a SPENDING PROBLEM, period. Does not matter who is in the White House. At least the guy in there now had a growing economy that was putting more money into the system.
Odummy was just adding regulations (expenses to businesses) and spending on pet projects as repayment for political support. Remember shovel ready jobs?
Posted on 4/12/20 at 6:41 pm to BigAppleTiger
quote:
Debt is only a concern when a Democrat is in the White House..
Progs are such pussies.
Debt has always been a problem. If you haven't figured it out, Trump is not a conservative
I'm starting to believe he's a believer in modern monetary theory like "ya boy" Bernies advisors.
This post was edited on 4/12/20 at 6:45 pm
Posted on 4/12/20 at 6:42 pm to Ronaldo Burgundiaz
quote:
2. Print money
Thisis what we are doing. Hello, inflation.
Posted on 4/12/20 at 6:43 pm to tigernnola
If people say we saved over 100,000 lives during this pandemic shutdown, that means we are at $20,000,000/life saved.
Posted on 4/12/20 at 7:35 pm to The Mick
quote:
What were TJ’s thoughts on coronavirus?
Same as his thoughts on Collateral Debt Obligation derivatives.
Posted on 4/12/20 at 7:43 pm to tigernnola
quote:
Jefferson
That’s a nice quote, Thomas. But many of us vote for fiscally conservative candidates and they spend the money anyway. Then we voted for new people and they spend the money anyway. Then there are peaceful movements and protests calling for fiscal conservative spending and new people get elected and they spend the money anyway.
Posted on 4/12/20 at 7:47 pm to LoneStarRanger
quote:
If you owe too much to the bank, the bank owns you
If you owe a huge amount to the bank, you own the bank
Also, nukes/aircraft carrier groups controlling the high seas and all traffic lanes. Come try and force us to payback when we aren't good and ready
The island airfields and anti-ship missile capabilities have us pushed out of striking range of the Chinese coast.
Ironically outside of South Korea, our big ally in that region to counter Chinese aggression is Vietnam and their massive coastline.
Posted on 4/12/20 at 7:51 pm to mtntiger
quote:
We have a SPENDING PROBLEM, period. Does not matter who is in the White House. At least the guy in there now had a growing economy that was putting more money into the system.
Trump was running a trillion dollar deficit in a "good" economy. When you are that fiscally irresponsible in the good times it takes away all your tools (except printing more money) when the inevitable recession comes.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News