US National Debt Hits $21 Trillion | |
Anonymous Coward User ID: 75858302 United States 03/17/2018 01:20 AM Report Abusive Post Report Copyright Violation | |
/7007/
(OP) User ID: 76342458 United States 03/17/2018 01:21 AM Report Abusive Post Report Copyright Violation | Thank you, I was about to post something like that Next time you vote/support for more spending remember it's on your credit card. Ron Paul makes more sense now? I'm fairly certain that even Ron Paul knows full well that the entire western economic 'jig' - is up. Well, not to be a optimist but 1T in year one in debt whilst putting an economy on steroids via the proper economic infrastructure and dealing with natural (or unnatural) disasters is better than 1.25T debt per year whilst destroying it. But whatever, I'm sure you'll have a boner when the time comes and it all implodes. Tin shacks and Hydrogen cyanide for All! Ok, all joking aside.. There are those who want to believe that more debt on top of an already impossible to service debt will 'save' us and Make America Great Again... They used to be called Keynesians - and economic conservatives used to roundly laugh them off the planet. My how times change - but the simple math never does - no matter how much HOPIUM is injected into the 'I want to believe' masses. To me, this isn't about rooting on another Pyrrhic victory for my favorite political football team, it's about what my children and potential grandchildren will have to deal with - and I'm not looking forward to it at all... The simple math will eventually have it's day, and the more people aware of it , the better they can prepare for the aftermath... Last Edited by SyncAsFunk on 03/17/2018 01:26 AM Some Will. Some won't. So....... |
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Anonymous Coward User ID: 76367029 United States 03/17/2018 01:23 AM Report Abusive Post Report Copyright Violation | |
ChrisVet
User ID: 76168561 Canada 03/17/2018 01:31 AM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 48121973 Thank you, I was about to post something like that Next time you vote/support for more spending remember it's on your credit card. Ron Paul makes more sense now? I'm fairly certain that even Ron Paul knows full well that the entire western economic 'jig' - is up. Well, not to be a optimist but 1T in year one in debt whilst putting an economy on steroids via the proper economic infrastructure and dealing with natural (or unnatural) disasters is better than 1.25T debt per year whilst destroying it. But whatever, I'm sure you'll have a boner when the time comes and it all implodes. Tin shacks and Hydrogen cyanide for All! There are those who want to believe that more debt on top of an already impossible to service debt will 'save' us and Make America Great Again... They used to be called Keynesians - and economic conservatives used to roundly laugh them off the planet. My how times change - but the simple math never does - no matter how much HOPIUM is injected into the 'I want to believe' masses. To me, this isn't about rooting on another Pyrrhic victory for my favorite political football team, it's about what my children and potential grandchildren will have to deal with - and I'm not looking forward to it at all... The simple math will eventually have it's day, and the more people aware of it , the better they can prepare for the aftermath... Keynesian economics = socialist bullshit. And I get your argument and agree, @ best we're slowing the bleed-out. That said - our libertarian pipe dream is dead. The only hope is to prolong our civ (until massive implosion, and ripe pickings for a NWO) via Trumponomics. My grandchildren will be fucked and probably exterminated 20 years from now. It doesn't make me feel good. You want to be bummed out, so be it. I refuse. Its all just a ride. "Do the Shit out of what you Love" |
/7007/
(OP) User ID: 76342458 United States 03/17/2018 01:33 AM Report Abusive Post Report Copyright Violation | ... Quoting: /7007/ I'm fairly certain that even Ron Paul knows full well that the entire western economic 'jig' - is up. Well, not to be a optimist but 1T in year one in debt whilst putting an economy on steroids via the proper economic infrastructure and dealing with natural (or unnatural) disasters is better than 1.25T debt per year whilst destroying it. But whatever, I'm sure you'll have a boner when the time comes and it all implodes. Tin shacks and Hydrogen cyanide for All! There are those who want to believe that more debt on top of an already impossible to service debt will 'save' us and Make America Great Again... They used to be called Keynesians - and economic conservatives used to roundly laugh them off the planet. My how times change - but the simple math never does - no matter how much HOPIUM is injected into the 'I want to believe' masses. To me, this isn't about rooting on another Pyrrhic victory for my favorite political football team, it's about what my children and potential grandchildren will have to deal with - and I'm not looking forward to it at all... The simple math will eventually have it's day, and the more people aware of it , the better they can prepare for the aftermath... Keynesian economics = socialist bullshit. And I get your argument and agree, @ best we're slowing the bleed-out. That said - our libertarian pipe dream is dead. The only hope is to prolong our civ (until massive implosion, and ripe pickings for a NWO) via Trumponomics. My grandchildren will be fucked and probably exterminated 20 years from now. It doesn't make me feel good. You want to be bummed out, so be it. I refuse. Its all just a ride. I get ya man, which is why I'm having a bit of fun with it too.. Sometimes ya just gotta laugh.. Some Will. Some won't. So....... |
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Anonymous Coward User ID: 76360405 Mexico 03/17/2018 01:54 AM Report Abusive Post Report Copyright Violation | Well were never going to pay it back so lol fuck china and whoever else it is owed to America got the Nukes they run the show fuck the world AMERICA FIRST! since Dr Khan the Muslim physicist there are now 43 countries with nukes only 6 friendly to USA so hows that goin illiterate turdhole ? each usa citizen owes 70,000 dollars usd and many of uas nukes dont actually work fyi a german corp refitted 60% of the systms under obama and dc likely no lomger has control aka they awere sold to pay debt |
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/7007/
(OP) User ID: 76342458 United States 03/17/2018 03:17 AM Report Abusive Post Report Copyright Violation | Does that number include the $9 trillion the Pentagon lost on September 10th, 2001...the day before 9/11? Quoting: Anonymous Coward 35570748 or the 20- 50 Trillion still unaccounted for since they sent that lovely little cruise missile with cute little airliner decals precisely through the Pentagon accounting window ? No... I don't think that public number quite covers it... Last Edited by SyncAsFunk on 03/17/2018 03:19 AM Some Will. Some won't. So....... |
Anonymous Coward User ID: 76367029 United States 03/17/2018 03:36 AM Report Abusive Post Report Copyright Violation | |
ItsMaKa2
User ID: 64138036 United States 03/17/2018 04:28 AM Report Abusive Post Report Copyright Violation | |
NowIhavetothinkofaname
User ID: 76357562 Australia 03/17/2018 04:33 AM Report Abusive Post Report Copyright Violation | Well were never going to pay it back so lol fuck china and whoever else it is owed to America got the Nukes they run the show fuck the world AMERICA FIRST! A declaration of 'Force Majeure' on US debt service is coming, alright.... it's a mathematical certainty. That's when things will get REALLY interesting... Well they might try and say we owe them a state park or something but um Molon Labe you fucking chinese gooks! You don't seem to understand what this means for the American way of life. It is the creditors like China/Japan/Russia and Saudi Arabia which fund the expenditures of the American Government. A repudiation of American national debt just means the American Government goes bankrupt and doesn't pay its creditors. That actually means no more money for indebted Americans to spend... The artificial demand from governmental largess means the entire American and probably global economy contracts. This makes everyone poorer except for the people with money who will buy up assets like real estate from mortgagees for pennies on the dollar. It works out well if you're rich and have enough money saved up to survive for 5 years without an income. But if you rely on your income then you're toast. Unless you've got enough money to prey on the unfortunate people who aren't as well prepared, you won't win even if you survive. Consider people with money in the stock market who don't own government bonds. If you don't have the capacity to fund American largess, then your government will just take your assets. It is only the ability to finance your government in whatever capacity you have that will save you from becoming a statistic when your government goes bankrupt. Because I have no doubt your government won't miss you when they need money to fund their military and essential services according to them. We can safely assume the western world will become something socially like the Philippines when the supply of credit becomes cut off. America may have nukes, but those nukes won't do you any good when you run out of dollars to buy fuel for planes to drop those nukes. Even with nuke missiles your government won't be able to pay the people at the console to launch those missile. I wonder what the solution is? Become a socialist country to enslave everyone to force them to work and launch nukes? Russia ran out of money in the 80s and nukes did nothing for them. NowIhavetothinkofanameohnoithurts It's all bull! Nevertheless, the ruler is not truly wise who cannot discern evils before they develop themselves, and this is a faculty given to few. Niccolo Machiavelli Karma is funny, people who kick dogs usually get bitten. If someone doesn't add value to your life, then that someone shouldn't be a part of it. You can always trust people to do whatever is in their own interests. It is certain wastelands will be brought under cultivation. |
Anonymous Coward User ID: 69186286 United States 03/17/2018 10:14 AM Report Abusive Post Report Copyright Violation | |
Back_To_The_Shadows
User ID: 75819339 United States 03/17/2018 11:02 AM Report Abusive Post Report Copyright Violation | What ever happened to Trumps edit the FED bullshit promise? Last Edited by Back_To_The_Shadows on 03/17/2018 11:07 AM Make pain a friend and you will have a friend for life. ~ Robert R. McCammon “Make friends with pain, and you will never be alone.~Ken Chlouber |
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Anonymous Coward User ID: 75302178 Netherlands 03/17/2018 11:06 AM Report Abusive Post Report Copyright Violation | |
/7007/
(OP) User ID: 76342458 United States 03/17/2018 04:25 PM Report Abusive Post Report Copyright Violation | ... Quoting: 5.0% Well were never going to pay it back so lol fuck china and whoever else it is owed to America got the Nukes they run the show fuck the world AMERICA FIRST! A declaration of 'Force Majeure' on US debt service is coming, alright.... it's a mathematical certainty. That's when things will get REALLY interesting... Well they might try and say we owe them a state park or something but um Molon Labe you fucking chinese gooks! You don't seem to understand what this means for the American way of life. It is the creditors like China/Japan/Russia and Saudi Arabia which fund the expenditures of the American Government. A repudiation of American national debt just means the American Government goes bankrupt and doesn't pay its creditors. That actually means no more money for indebted Americans to spend... The artificial demand from governmental largess means the entire American and probably global economy contracts. This makes everyone poorer except for the people with money who will buy up assets like real estate from mortgagees for pennies on the dollar. It works out well if you're rich and have enough money saved up to survive for 5 years without an income. But if you rely on your income then you're toast. Unless you've got enough money to prey on the unfortunate people who aren't as well prepared, you won't win even if you survive. Consider people with money in the stock market who don't own government bonds. If you don't have the capacity to fund American largess, then your government will just take your assets. It is only the ability to finance your government in whatever capacity you have that will save you from becoming a statistic when your government goes bankrupt. Because I have no doubt your government won't miss you when they need money to fund their military and essential services according to them. We can safely assume the western world will become something socially like the Philippines when the supply of credit becomes cut off. America may have nukes, but those nukes won't do you any good when you run out of dollars to buy fuel for planes to drop those nukes. Even with nuke missiles your government won't be able to pay the people at the console to launch those missile. I wonder what the solution is? Become a socialist country to enslave everyone to force them to work and launch nukes? Russia ran out of money in the 80s and nukes did nothing for them. A few things I learned during the Russian collapse. Toilet paper, tobacco, alcohol will get a prepared individual through almost every scenario. Some Will. Some won't. So....... |
Anonymous Coward User ID: 76344422 United States 03/17/2018 04:32 PM Report Abusive Post Report Copyright Violation | |
/7007/
(OP) User ID: 76342458 United States 03/17/2018 04:36 PM Report Abusive Post Report Copyright Violation | Balanced Budget Amendment to the Constitution. Quoting: Anonymous Coward 76344422 Nothing else will make them control their spending. That would have been prudent at a much earlier juncture.. The entire western economic paradigm is now entirely dependent on increasing debt - like a junkie is to heroin - and with the exact same end results. Some Will. Some won't. So....... |
SyncAsFunk
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/7oo7/
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.Salt.
User ID: 84258881 Finland 10/04/2022 07:16 PM Report Abusive Post Report Copyright Violation | Remember back a few short years ago when the common core politicuck didn't think it mattere'd because it was 'their guy'? Thread: BREAKING: U.S. National Debt Tops $31 Trillion Last Edited by Vafþrúðnir on 10/04/2022 07:18 PM |
Vafþrúðnir
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