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re: $2 TRILLION in new Biden Covid "Stimulus" Package

Posted on 1/13/21 at 9:13 pm to
Posted by Diamondawg
Mississippi
Member since Oct 2006
37227 posts
Posted on 1/13/21 at 9:13 pm to
quote:

If you think ammo costs a lot now, wait til hyperinflation hits.


I bought 2 boxes (20 each) of 30.06 Hornady a couple of weeks ago. $161.00 online but s&h was probable 30 of it.
Posted by biglego
San Francisco
Member since Nov 2007
83273 posts
Posted on 1/13/21 at 9:14 pm to
They’re just printing money now. No worries. Just a warmup for UBI.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
79459 posts
Posted on 1/13/21 at 9:14 pm to
quote:

Weimar Republic


I can Nazi that ending well.
Posted by Lawyered
The Sip
Member since Oct 2016
37504 posts
Posted on 1/13/21 at 9:15 pm to
Can’t wait for $175 million to go to alpaca in vitro fertilization farms in Chile
Posted by TSmith
New Orleans, La.
Member since Jan 2004
2271 posts
Posted on 1/13/21 at 9:17 pm to
I’m sincerely starting to question my understanding of national debt. It mustn’t matter. What are the consequences?
Posted by Robin Masters
Birmingham
Member since Jul 2010
35184 posts
Posted on 1/13/21 at 9:19 pm to
Austerity is about as popular as hemorrhoids.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 1/13/21 at 9:20 pm to
quote:


The 3 people that were upset with his spending quickly got over it



Perhaps more people were upset but knew he couldn't fricking do anything about it.

Oh sure, he should have stood all by himself against the entire fricking world on everything. Congress JUST RECENTLY had enough votes to override a spending bill. Who was going to have the balls to sustain his vetoes?
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 1/13/21 at 9:21 pm to
No one hear is happy about trumps spending, but he was fighting so many fights that had never been fought and standing up for so many rights that had been trampled we were willing to look the other way.

Call that whatever you like but no one ever said it was a good thing
Posted by Robin Masters
Birmingham
Member since Jul 2010
35184 posts
Posted on 1/13/21 at 9:22 pm to
quote:

. What are the consequences?


Quite frankly, unless you are not the lone military superpower, it doesn’t matter much.

It’s like the mob owing you $10k and they say “frick you, we aren’t paying”. What are you going to do?

Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 1/13/21 at 9:24 pm to
quote:

Debt will be at $30 trillion within the next 90 days of Biden's inauguration in a week. Was $20 Trillion when Hussein left office.

And look for ANOTHER "stimulus" in the summer. US debt will hit $35 Trillion at beginning of 2022.



Trump signs stimulus:
It's not socialism because the government shut down businesses and made people unemployed due to coronavirus. Look how he's fighting for americans.


Biden stimulus plan:

Omg it's gonna be way too expensive. We can't do that. Yadda yadda yadda.

It has been a nice 4 years of not having to listen to people whine about this. I've gotta give that one to trump
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 1/13/21 at 9:25 pm to
You are a fricking idiot.

I hope you are 25 so you can be absolutely crushed by this shite and so any kids you have eat out of dumpsters eventually
Posted by DocHollidayMS
MS
Member since Jan 2021
48 posts
Posted on 1/13/21 at 9:26 pm to
Can you say- ‘hyper-inflation’?? And if chi were to get serious (and got other international “steam”) about moving away from the dollar as the oil reserve currency we’ll have to fight...
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 1/13/21 at 9:26 pm to
quote:

Quite frankly, unless you are not the lone military superpower, it doesn’t matter much.

It’s like the mob owing you $10k and they say “frick you, we aren’t paying”. What are you going to do?

If we were to default we would probably default on sovereign debt first, i don't see a scenario where we default on foreign debt.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 1/13/21 at 9:27 pm to
quote:

You are a fricking idiot.

I hope you are 25 so you can be absolutely crushed by this shite and so any kids you have eat out of dumpsters eventually


Is there anything you don't overreact to?
Posted by CrabInMyShoeMouth
Member since Jul 2016
2489 posts
Posted on 1/13/21 at 9:30 pm to
quote:

LINK

Debt will be at $30 trillion within the next 90 days of Biden's inauguration in a week. Was $20 Trillion when Hussein left office.

And look for ANOTHER "stimulus" in the summer. US debt will hit $35 Trillion at beginning of 2022.


People bitch about astronomical financial operations like they're fine tuned economists. Each and every day presents a new uncertainty and opportunity. Necessary spending should take precedence over necessary saving/debt reduction. I guarantee those living and struggling in country's running surpluses are more upset.
This post was edited on 1/13/21 at 9:31 pm
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11882 posts
Posted on 1/13/21 at 9:30 pm to
quote:

If we were to default we would probably default on sovereign debt first, i don't see a scenario where we default on foreign debt.


Oh boy
Posted by Robin Masters
Birmingham
Member since Jul 2010
35184 posts
Posted on 1/13/21 at 9:32 pm to
quote:

wutangfinancial



Strategies on bond allocation?
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
38944 posts
Posted on 1/13/21 at 9:35 pm to
This is insane
Posted by Purple Spoon
Hoth
Member since Feb 2005
20282 posts
Posted on 1/13/21 at 9:45 pm to
quote:

struggling in country's running surpluses



What would be an example of a running surplus?
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
13437 posts
Posted on 1/13/21 at 9:45 pm to
Or just open up business and we can forgo the stimulus.
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