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re: Do you believe US debt will eventually destroy the country?
Posted on 2/15/19 at 9:13 am to Bass Tiger
Posted on 2/15/19 at 9:13 am to Bass Tiger
Yes.
0
Posted on 2/15/19 at 9:14 am to AuburnTigers
quote:
No. Democrat control will destroy this country
Saul Alinsky 101. Overload the System...collapse it..."fundamentally change" it.
It stands to be determined once the collapse kicks in, just what kind of power the *Government* will have. The only powers Government has is either the ability to spend money...or the ability to exercise Military power. If the monetary system crashes...what, will the Government then begin a new round of printing, with different pictures on the Bills? Forget bills...electronic.
I don't know and neither do they. Events and the unforeseen consequences therein will determine the fate of our Nation.
Posted on 2/15/19 at 9:22 am to WildTchoupitoulas
quote:
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.
This idea that immigrants, particularly illegal immigrants aren't contributing to US debt troubles is completely false. If the US stopped illegal immigration and severely limited legal immigration for a few years while at the same time weaning able bodied Americans off entitlements the deficit and debt would start falling precipitously. There are millions of Americans living wholly or partially on government entitlements and I'm not talking about folks over 65.
Posted on 2/15/19 at 9:42 am to Taxing Authority
quote:
quote: Another country will have to forcibly call their debt. Nope. Takes one failed treasury auction and it's over. quote: If people won't trade with us, we flex on them with Air Power. 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.
Debt service is over $500 billion annually...., it's past being a problem. Remember when a trillion was an unimaginable number? It still is but that's the debt we're dealing with.
Posted on 2/15/19 at 9:44 am to Bass Tiger
I used to think so. Now I know that liberals will do it first.
Posted on 2/15/19 at 12:03 pm to Taxing Authority
quote:
Soneone doesn't understand compound growth if you think Obama and his predecessors are equivalents.
Obama was definitely worse, but Bush still had no problem with massive deficit spending (and the Dems got to use him as a "see the GOP does it too!" example).
Posted on 2/15/19 at 12:09 pm to Bass Tiger
I wish I knew.
When it was 5 trillion, I was nervous. I would have fought you if you'd have said 22T was sustainable.
But it seems to be.
Ok, so is 29T ok? 41T?
When does it sink us?
When it was 5 trillion, I was nervous. I would have fought you if you'd have said 22T was sustainable.
But it seems to be.
Ok, so is 29T ok? 41T?
When does it sink us?
Posted on 2/15/19 at 12:11 pm to Bass Tiger
Nah Keeping the two-party system will kill it first.
Posted on 2/15/19 at 12:13 pm to Wally Sparks
quote:
Obama was definitely worse, but Bush still had no problem with massive deficit spending (and the Dems got to use him as a "see the GOP does it too!" example).
I love this myth. The 2007 deficit was... $160B.
Posted on 2/15/19 at 12:14 pm to JPinLondon
quote:It already has. We just don’t know it yet. That’s the only thing debt does. Shift the pain from now to later. It doesn’t make it disappear.
When does it sink us?
Posted on 2/15/19 at 12:17 pm to Bass Tiger
Third world immigration will destroy this nation long before the debt does.
Posted on 2/15/19 at 12:20 pm to SW2SCLA
quote:
We really stopped giving a frick after 9-11
The age of fear with the Cold War was passive. Slamming planes into our buildings really brought out the rush to fund dystopia.
Posted on 2/15/19 at 12:24 pm to Bass Tiger
The correct answer is that Debt will destroy the currency, Democrat social and economic policy will destroy the country.
Posted on 2/15/19 at 12:32 pm to Bass Tiger
No. The next few presidents will see a huge decline of the Baby Boomers. Generation X was much smaller, so SSN and Medicare will be much less of a drag on the budget.
As much as we make fun of Millennials they are already larger than Baby Boomers. They should help start a decline on how much our budget spends on SSN and Medicare.
As much as we make fun of Millennials they are already larger than Baby Boomers. They should help start a decline on how much our budget spends on SSN and Medicare.
Posted on 2/15/19 at 7:48 pm to Taxing Authority
quote:
I love this myth. The 2007 deficit was... $160B.
It's sad that $160B is now considered small.
Posted on 2/15/19 at 8:01 pm to Diseasefreeforall
quote:
prepare for something like Greece 10 years ago
And that’s when it will start. The second American civil war. The Marxist will try and blame capitalism, even though it’s their entitlement programs that actually are to blame, and the Marxist will try to convert the US to a socialist nation. Socialism can not survive without disarming the public. When they come for the guns, that’s the sign that it’s time to call up the militia and start hunting down those that promote Marxism and the government controlled by the Marxist.
Posted on 2/15/19 at 8:02 pm to Bass Tiger
quote:
Do you believe US debt will eventually destroy the country?
It certainly doesn't help the game we are playing with China. At least we have TRUMP or we'd really be fricked.
Posted on 2/15/19 at 8:08 pm to Bass Tiger
It could but so could basically everything Democrats want to do . I think the government and politicians having to much power will destroy this country.
Posted on 2/15/19 at 8:18 pm to tjv305
yes As soon as the interest on the debt is more than even the military we will be done. There will be no one to bail us out. You can only print worthless paper for so long. Then there will be anarchy with people killing for food and any item worth anything to trade for food. So if you support socialism you will bring this on that much faster! SO SIGN ON FOR THE new green deal!!!!!!!!!!!!!
Posted on 2/15/19 at 8:27 pm to Bass Tiger
The Dems/Libs will if we let them
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