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Posted on 6/19/24 at 3:24 pm to Radio One
quote:
Country is fricked.
Eventually we'll default and wipe the slate clean. Even if we hyper-inflated the currency in order to pay it off, that would cause its own collapse.
Posted on 6/19/24 at 3:24 pm to lepdagod
quote:
also seeing as we would make the payment in US currency... where else could they spend the money???...
We wouldn't, but even if we did, the dollar is the currency of choice in the poorest part of the world where currencies are least stable. There's no shortage of places to spend dollars outside the US, if you really wanted to, because the dollar remains a superior store of value to just about every other currency in the world.
Posted on 6/19/24 at 3:34 pm to BoardReader
democrats giving away all our money to Ukraine and Iran
Posted on 6/19/24 at 3:42 pm to tigersmanager
facts
Posted on 6/19/24 at 3:43 pm to BoardReader
quote:
It will never reach a period of default, because everyone else is just as boned, or worse, than we are.
Just be less irresponsible than other irresponsible countries is one hell of a plan that I’m sure doesn’t have any deleterious effects, particularly on poor people and the middle class.
This post was edited on 6/19/24 at 3:45 pm
Posted on 6/19/24 at 3:53 pm to Champagne
quote:might be the middle of the end or near the end. it's definitely not the beginning of the end
It is the beginning of the end of the USA.
Posted on 6/19/24 at 3:56 pm to tigersmanager
Forget to log into your alter before replying to yourself?
Posted on 6/19/24 at 3:56 pm to tigersmanager
Forget to log into your alter before replying to yourself?
Posted on 6/19/24 at 3:58 pm to RLDSC FAN
Never will hit that. They will tax the SH*T out of us.
Posted on 6/19/24 at 4:16 pm to BugAC
quote:
And the left's solution, MOAR TAXES!!!
What’s the solution from the right?
Posted on 6/19/24 at 4:18 pm to mmmmmbeeer
quote:
Here's a REALLY novel idea.....higher taxes in times of great prosperity, lower taxes when we're in an economic downturn. It's truly that simple and fits the old "save for a rainy day" addage.
How about we stop fricking spending? That is never your solution.
Posted on 6/19/24 at 4:19 pm to SouthMSReb
quote:
How about spending less when we're in a downturn and spending more when we're in prosperity.
You have that backwards.
In a downturn, government spending can pull us out of it.
In prosperity, we don’t need that government support.
Posted on 6/19/24 at 4:22 pm to tigersmanager
quote:
democrats giving away all our money to Ukraine and Iran
Uhh not just them and that’s a small piece of the pie
Posted on 6/19/24 at 4:31 pm to LSUFanHouston
quote:
In a downturn, government spending can delay the inevitable and amplify the negative effects.
FIFY
Posted on 6/19/24 at 4:33 pm to RLDSC FAN
I’m this close to just running up all my credit cards for things I want because, why not? It sickens me that we just keep printing money and milking the middle and lower class.
Posted on 6/19/24 at 5:26 pm to BoardReader
quote:
We wouldn't, but even if we did,
We wouldn't what???... the debt owed would be paid in US currency... we don't deal in nothing else.. you think we paying China in renminbi???... they wouldn't accept in nothing but US Currency... this all hypothetical though... people don't really understand sovereign debt
Posted on 6/19/24 at 5:29 pm to DesScorp
quote:
Even if we hyper-inflated the currency in order to pay it off, that would cause its own collapse.
We would just pay it... no hyperinflation or inflation period would be needed... China would actually suffer
Posted on 6/19/24 at 5:30 pm to Oates Mustache
quote:
That's only $160,000 per American, what's your beef here?!
Bill Gates can cover mine, he’s got plenty.
Posted on 6/19/24 at 5:31 pm to RLDSC FAN
Never fear our politicians are on top of it 
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