quote:
And Russia is zero percent on board. Im curious to see when people here will have to finally admit that Russia always has been the aggressor in this conflict. Seems like a few are slowly coming around.

Actually , I think more and more people on this board have gone from all pro Ukrainian , to actually hating Ukraine and pulling for Russia

This post was edited on 4/19/25 at 11:08 am

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Posted by Leopold

Columbia

Member since Sep 2013

1903 posts

Posted on 4/19/25 at 5:06 pm to Harry Boutte

quote:
The money that comes in from foreign investment, buying our bonds and thus funding our debt, comes from the very trade deficit Trump is trying to eliminate.

Where will foreign nations get all the dollars to buy our bonds if we don't give them to them through trade?

Good. Nothing necessarily wrong with trying to eliminate the trade deficit, no problems there.

But something tells me they'll find somewhere else to park their money if not in our bonds, companies, real estate, etc. Not that we can't survive, and I certainly wouldn't mind seeing some things, like home prices in major cities, become more affordable, which would be a silver lining of sorts.

But that would also mean that we don't have as much money for other things, and that - and this is the real loss - we start to pay more for our debt while still accumulating it. This is an entirely separate issue altogether, but until we start to get the debt under control - and that is entirely on us - we really can use that cheap money; I just wish we could find better ways to use it.

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Posted by Harry Boutte

Louisiana

Member since Oct 2024

3788 posts

Posted on 4/19/25 at 5:24 pm to Leopold

quote:
But something tells me they'll find somewhere else to park their money if not in our bonds, companies, real estate, etc.

Yeah, and oil and gold.

I was being a bit parabolic.

quote:
this is the real loss - we start to pay more for our debt while still accumulating it. This is an entirely separate issue altogether, but until we start to get the debt under control - and that is entirely on us - we really can use that cheap money; I just wish we could find better ways to use it.

You're right, that is the real issue - above all for me. I'll be looking at the budget battles this summer to see if they can even come close to balancing the budget in any sort of timely way. I'm not encouraged by what I'm seeing so far. Most projections are out past 10 years, when I would like to see something closer to 4 so that the next president can't come in and frick it all up.

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