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re: Do you believe US debt will eventually destroy the country?
Posted on 2/15/19 at 7:11 am to Homesick Tiger
Posted on 2/15/19 at 7:11 am to Homesick Tiger
for those who might not know, our debt by itself is actually a very good thing. other countries essentially buy it, they're investing in us, and that makes the dollar the global standard. but the instant we default on one of those loans, we are fricked beyond belief. we dont have some birthright to the leaderboard on this, the global economy could just as easily use the euro or yuan as the standard.
0
Posted on 2/15/19 at 7:14 am to Jumbo_Gumbo
quote:
depression and the large percentage of people who depend on government to live will kill each other, starve, or get killed by trying to steal from those who know how to fend for themselves. It would be a major population purge for sure.
This is how the debt is paid back. Not in money.
Posted on 2/15/19 at 7:19 am to Homesick Tiger
quote:
You don't think a $116 billion dollar a year price tag towards the cost of illegal immigrants is a huge contributing factor?
The problem isn't the immigrants, the problem is the entitlements. Even if no illegal immigrants took advantage of our entitlement programs, the programs would still be driving us deeper into debt at an accelerating rate. Perhaps if we reformed entitlements, immigrants wouldn't be so incentivized to come here illegally.
So no, I don't consider it a "huge" contributing factor.
Posted on 2/15/19 at 7:44 am to Homesick Tiger
quote:
You don't think a $116 billion dollar a year price tag towards the cost of illegal immigrants
That figure is actually around $50-60B, but yes...that’s far too high. That said, it’s not nearly as economically damaging compared to far more expensive efforts.
Posted on 2/15/19 at 7:59 am to Bass Tiger
So you're telling me Obama doubled our national debt while he was in office, yet somehow this skyrocketing debt is Trump's fault?
Posted on 2/15/19 at 8:02 am to BornAndRaised_LA
quote:
That figure is actually around $50-60B
I don't know where you get that number from but here is where I got mine from:
I'll take their word over yours
Posted on 2/15/19 at 8:03 am to Bass Tiger
I think an EMP bomb attack will get us first.
Posted on 2/15/19 at 8:09 am to Bass Tiger
quote:Yep. Unfortunately, it's too late to do anything about it. Voters are hooked on entitlements as a substitute for personal responsibility. And the hole is so deep that any significant debt reduction would require a HUGE tax increase on the "middle class" AND ending entitlements. Good luck electing a majority in Congress to do that.
Do you believe US debt will eventually destroy the country?
Posted on 2/15/19 at 8:12 am to WildTchoupitoulas
quote:Yup. In fact, one of the reasons for MORE immigrants is to have a growing population. Like all ponzi schemes our entitlements depend on new payees coming in to fund "returns" on previous "investors". With a declining population, the collapse comes quickly!
The problem isn't the immigrants, the problem is the entitlements.
It's a dirty little secret. And it's why open borders has bipartisan support.
This post was edited on 2/15/19 at 8:13 am
Posted on 2/15/19 at 8:13 am to AuburnTigers
Hate to break it to you but the debt will never be paid off. It’s too large.
Posted on 2/15/19 at 8:13 am to Bass Tiger
GWB fricked us a little. The person who really really fricked us was Obama. He spent more then any President in History by almost 4x adjusted for inflation. Anyone who wants to lay blame for our debt crisis needs to lay it at the feet of Obama.
Posted on 2/15/19 at 8:18 am to UAinSOUTHAL
quote:
GWB fricked us a little. The person who really really fricked us was Obama. He spent more then any President in History by almost 4x adjusted for inflation. Anyone who wants to lay blame for our debt crisis needs to lay it at the feet of Obama.
Each one doubled our debt in the span of 15-16 years. Both can go frick themselves.
Posted on 2/15/19 at 8:32 am to Homesick Tiger
quote:
I don't know where you get that number from but here is where I got mine from: I'll take their word over yours
First, I can’t even begin to understand how you believe a group that self-identifies as an organization seeking to reduce both legal and illegal immigration is an unbiased source. FAIR has been classified by some as a hate group and has close ties to white supremacist groups.
I got my numbers from the (still very conservative leaning) Heritage Foundation.
I see your biased source and refute with a better one
Posted on 2/15/19 at 8:33 am to Bass Tiger
Another country will have to forcibly call their debt.
If people won't trade with us, we flex on them with Air Power.
If people won't trade with us, we flex on them with Air Power.
Posted on 2/15/19 at 8:34 am to Bass Tiger
Now. We will inflate our way out of it because politicians have zero accountability. It will be painful, but it won't destroy us.
Posted on 2/15/19 at 8:36 am to Wally Sparks
quote:Soneone doesn't understand compound growth if you think Obama and his predecessors are equivalents.
Each one doubled our debt in the span of 15-16 years. Both can go frick themselves.
Posted on 2/15/19 at 8:38 am to 50_Tiger
quote:Nope. Takes one failed treasury auction and it's over.
Another country will have to forcibly call their debt.
quote:How would we pay for it? Our current deficits are as high or higher than our WWII. Only we have to service a mountain of debt now. We can't fund a real war anymore.
If people won't trade with us, we flex on them with Air Power.
Posted on 2/15/19 at 8:44 am to Taxing Authority
quote:
In fact, one of the reasons for MORE immigrants is to have a growing population.
Do you think there's any truth to the idea that the US would eventually depend on immigration for growth (GDP)? As in, birth rates decline substantially enough and per capita productivity can't sustain growth? I don't know the answer, but it seems plausible.
This post was edited on 2/15/19 at 8:44 am
Posted on 2/15/19 at 9:05 am to BornAndRaised_LA
quote:
I got my numbers from the (still very conservative leaning) Heritage Foundation.
That's just illegal households cost us according to your link. There are a helluva lot more costs involved concerning illegal immigration than just household costs.
Posted on 2/15/19 at 9:13 am to Bass Tiger
No.
Unregulated immigration and Identity politics will SLOWLY destroy this country
As more and more immigrants, that don't assimilate to American values, enter our political system and slowly tear apart it's core values.
People who have wanted to destroy this country have tried multiple ways with Terrorism and war, but have failed.
The next move (current), will be to become citizens and infiltrate the political system.
Destroy it from the inside out.
Trojan Horse / Sal Alinsky approach
Unregulated immigration and Identity politics will SLOWLY destroy this country
As more and more immigrants, that don't assimilate to American values, enter our political system and slowly tear apart it's core values.
People who have wanted to destroy this country have tried multiple ways with Terrorism and war, but have failed.
The next move (current), will be to become citizens and infiltrate the political system.
Destroy it from the inside out.
Trojan Horse / Sal Alinsky approach
This post was edited on 2/15/19 at 9:25 am
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