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Started By
Message
Fiscal Cliff put into perspective
Posted on 10/25/23 at 8:40 pm
Posted on 10/25/23 at 8:40 pm
Posted on 10/25/23 at 8:42 pm to WPBTiger
Obviously raise the ceiling. How else is my neighbor going to steal free wifi from me?
Posted on 10/25/23 at 8:44 pm to WPBTiger
If it were only as simple as the photo.
It’s not, but go on believing it is.
Downvote away.
It’s not, but go on believing it is.
Downvote away.
Posted on 10/25/23 at 8:45 pm to Coastal Tiger
What about the photo suggests any of that is “simple”?
Posted on 10/25/23 at 8:46 pm to Y.A. Tittle
“Hey guys, this will be hard so let’s not do it”
Posted on 10/25/23 at 9:01 pm to Coastal Tiger
quote:
If it were only as simple as the photo.
It’s not, but go on believing it is.
Downvote away.
We are in a SHITLOAD of pain for a long time if we fix it.
The alternative is worse.
Posted on 10/25/23 at 9:09 pm to Coastal Tiger
Weirmar Republic ended over it. Inflation leads to economic hardships which lead to dictatorships.
Now tell me again how hard it is to fix given that alternative.
Now tell me again how hard it is to fix given that alternative.
Posted on 10/25/23 at 9:24 pm to WPBTiger
Try this one for perspective....
The nearest star outside of Earth's planetary system is Alpha Centauri, it's 25 trillion miles from earth, that's around 4 light years from earth.....light travels at approximately 186,000/sec
The US debt is over $33 trillion. I wonder how long it would take to count to 33 trillion? According to Google using a normal pace it takes approximately 32,000 years to count from 1 to 1 trillion.......32,000 x 33.....you do the math but it's over 1,000,000 years to count to 33 trillion.
We measure the distance between stars using light years rather than trillions of miles, seems we need to establish a new measurement for US debt because $33 trillion is inconceivable to most Americans.
The nearest star outside of Earth's planetary system is Alpha Centauri, it's 25 trillion miles from earth, that's around 4 light years from earth.....light travels at approximately 186,000/sec
The US debt is over $33 trillion. I wonder how long it would take to count to 33 trillion? According to Google using a normal pace it takes approximately 32,000 years to count from 1 to 1 trillion.......32,000 x 33.....you do the math but it's over 1,000,000 years to count to 33 trillion.
We measure the distance between stars using light years rather than trillions of miles, seems we need to establish a new measurement for US debt because $33 trillion is inconceivable to most Americans.
Posted on 10/25/23 at 9:32 pm to Lynxrufus2012
It’s not even an if but it’s when there’s gonna be a major collapse the bottom falls out and it’s gonna be a free for all you’re gonna see hell on earth these next ten years
Posted on 10/25/23 at 9:34 pm to WPBTiger
quote:Now add in:
Fiscal Cliff put into perspective
the power to print money
the power to tax
tens of trillions in assets - for starters, the US gov owns something like 650 million acres of land
I understand the point of the figures you posted, but the fact is, the US gov is NOT a household. It's the largest and most powerful sovereign entity in the history of the world - replete with the most powerful military in of all time.
Posted on 10/25/23 at 9:35 pm to WPBTiger
Granted, the yearly deficit is too high, but anyone who compares the national debt to a credit card knows absolutely nothing about national economics and how the debt and GDP actually work.
Posted on 10/25/23 at 9:41 pm to Big Scrub TX
quote:
tens of trillions in assets - for starters, the US gov owns something like 650 million acres of land
None of that ^^^ is easily fungible to settle up the US debt. The only way US debt can be controlled and reduced is to increase GDP to over 4% for several years and reduce government spending by 10-20% during that same period of economic growth.
Posted on 10/25/23 at 10:07 pm to Bass Tiger
quote:Well, again, unlike a household, it's not clear at all that the debt must be "settled up".
None of that ^^^ is easily fungible to settle up the US debt.
quote:And that would still be a drop in the bucket.
The only way US debt can be controlled and reduced is to increase GDP to over 4% for several years and reduce government spending by 10-20% during that same period of economic growth.
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