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Started By
Message
Stop worrying about the debt
Posted on 6/3/25 at 5:34 pm
Posted on 6/3/25 at 5:34 pm
The ruling political class will never make the right moves to cut spending because it would be political suicide.
Trump knows this, and we are too far gone.
Save yourself some angst and just take care of yourself, your neighbors, and your community. Prepare accordingly.
Trump knows this, and we are too far gone.
Save yourself some angst and just take care of yourself, your neighbors, and your community. Prepare accordingly.
22
Posted on 6/3/25 at 5:34 pm to Bengalbio
So why were we worried about it under Biden
Posted on 6/3/25 at 5:36 pm to The Egg
quote:
So why were we worried about it under Biden
Because D
Posted on 6/3/25 at 5:37 pm to The Egg
quote:
So why were we worried about it under Biden
Will we see any balanced budgets/surpluses under Trump's next admin?
quote:
Posted on 7/20/24
Posted on 6/3/25 at 5:37 pm to Bengalbio
We’re not actually because in the end Nukes will be the end result of the world banking system it just has not quite got their yet…
This ridiculous event now is on its way out.
This ridiculous event now is on its way out.
Posted on 6/3/25 at 5:39 pm to Bengalbio
quote:
The ruling political class will never make the right moves to cut spending because it would be political suicide.
They'll default on the debt before that ever happens.
Posted on 6/3/25 at 5:41 pm to Seldom Seen
quote:
They'll default on the debt before that ever happens.
This is my expectation; most industrialized nations are in the same boat.
Posted on 6/3/25 at 5:41 pm to Bengalbio
The debt is a must fix but nobody is going to come collecting. Our money would be worthless and every other economy would crash. BRICS isn’t going to take over the dollar as reserve currency and China and other countries depend on us just as much. If we fail everyone will.
Posted on 6/3/25 at 5:44 pm to Bengalbio
As far as I can tell, Russia may be the only country without crippling debt.
But their gdp sucks, so they may also owe more than they can pay.
But their gdp sucks, so they may also owe more than they can pay.
Posted on 6/3/25 at 5:52 pm to Bengalbio
quote:
The ruling political class will never make the right moves to cut spending because it would be political suicide.
If they made the hard choices that are needed they would lose their election.
We have a system that punishes people for doing the right thing.
Posted on 6/3/25 at 5:56 pm to The Squonk
quote:
As far as I can tell, Russia may be the only country without crippling debt.
Posted on 6/3/25 at 6:13 pm to The Squonk
quote:
As far as I can tell, Russia may be the only country without crippling debt. But their gdp sucks, so they may also owe more than they can pay.
Does not compute.
This post was edited on 6/3/25 at 6:28 pm
Posted on 6/3/25 at 6:32 pm to Bengalbio
Nobody cares about the debt until it’s too late…
Posted on 6/3/25 at 6:39 pm to Bengalbio
Meaningful spending cuts will never get through Congress. Take what you can get and call.it a win.
Posted on 6/3/25 at 6:44 pm to Bengalbio
quote:
The ruling political class will never make the right moves to cut spending because it would be political suicide.
Trump knows this, and we are too far gone.
Save yourself some angst and just take care of yourself, your neighbors, and your community. Prepare accordingly.
I hate to agree with you but you're more right than wrong.
Posted on 6/3/25 at 6:48 pm to Seldom Seen
quote:
They'll default on the debt before that ever happens.
We just go to war.
Posted on 6/3/25 at 6:49 pm to Bengalbio
Yep. The govt is going to do their thing. That much is clear. Just get out of debt. Create your own economy and you’ll never have to worry about the worlds economy.
Posted on 6/3/25 at 6:51 pm to The Squonk
quote:
As far as I can tell, Russia may be the only country without crippling debt.
Posted on 6/3/25 at 6:53 pm to Bengalbio
Fun fact, the federal govt had a surplus in April.
Posted on 6/3/25 at 6:55 pm to Bengalbio
That’s my thought. Might as well give me my tax cuts because they will never reduce spending. Or if they do, the Dems will come in and explode the deficit again, it doesn’t matter. Just buy Bitcoin.
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