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US debt
Aug 10, 2024 15:29:10 GMT -6
Post by luvmywammies on Aug 10, 2024 15:29:10 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care?
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Post by moody on Aug 10, 2024 15:33:37 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care? It doesn’t seem like it sometimes, does it? Welcome to the forum! |
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US debt
Aug 10, 2024 15:36:27 GMT -6
Post by luvmywammies on Aug 10, 2024 15:36:27 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care? It doesn’t seem like it sometimes, does it? Welcome to the forum! my old buddy Moody? Been a long time. Thanks. |
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US debt
Aug 10, 2024 16:03:52 GMT -6
via mobile
Post by moody on Aug 10, 2024 16:03:52 GMT -6
It doesn’t seem like it sometimes, does it? Welcome to the forum! my old buddy Moody? Been a long time. Thanks. Yes, I was just thinking of you last week when I was remembering the small group of us who were very vocal about the stolen 2020 election. Budman, Louie, Brummer, Gunplumber, you, me , and a small handful of others. Here we are, almost 4 years later. Welcome. Your timing is very good. Going to be a crazy few months. |
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US debt
Aug 10, 2024 16:21:02 GMT -6
Post by luvmywammies on Aug 10, 2024 16:21:02 GMT -6
my old buddy Moody? Been a long time. Thanks. Yes, I was just thinking of you last week when I was remembering the small group of us who were very vocal about the stolen 2020 election. Budman, Louie, Brummer, Gunplumber, you, me , and a small handful of others. Here we are, almost 4 years later. Welcome. Your timing is very good. Going to be a crazy few months. Yes indeed. It’s going to get crazy. They’ll either steal it again, kill Trump, or let him win and take the fall for the crashing economy. |
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Post by Billy John Davy on Aug 10, 2024 16:45:13 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care? essentially, no. each side only objects to what the other side wants to waste money on, not the amount being wasted. |
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US debt
Aug 10, 2024 16:53:30 GMT -6
Post by luvmywammies on Aug 10, 2024 16:53:30 GMT -6
Most people don’t realize that we bring in around 6T in revenues. When you factor in entitlements (4.5T), military (nearly 1T), the interest payment on the 35T US debt (1.2T), the country in completely bankrupt. This doesn’t even include education, infrastructure, etc. US debt is going to parabolic and there’s nothing anybody can do or any policy that can change it. This is why we are adding 1T of debt every 100 days. The game is nearing its end.
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US debt
Aug 10, 2024 17:12:29 GMT -6
via mobile
Post by moody on Aug 10, 2024 17:12:29 GMT -6
Most people don’t realize that we bring in around 6T in revenues. When you factor in entitlements (4.5T), military (nearly 1T), the interest payment on the 35T US debt (1.2T), the country in completely bankrupt. This doesn’t even include education, infrastructure, etc. US debt is going to parabolic and there’s nothing anybody can do or any policy that can change it. This is why we are adding 1T of debt every 100 days. The game is nearing its end. The collapse is near. It will be devastating to most Americans. Imagine how bad it will be in the 3rd world. |
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Post by stargatebabe on Aug 10, 2024 17:31:51 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care? Apparently not enough people that are supposed to do anything about it give a shit Welcome to the forum! |
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US debt
Aug 10, 2024 18:42:44 GMT -6
Post by luvmywammies on Aug 10, 2024 18:42:44 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care? Apparently not enough people that are supposed to do anything about it give a shit Welcome to the forum! We are way past being able to do anything about it. You’d have to cut 30% of the military budget and 30% of all entitlements (SS, Medicaid, Medicare) just to balance the budget. That’s political suicide, and there will be a revolution if you cut entitlements. |
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US debt
Aug 11, 2024 6:09:09 GMT -6
Post by stargatebabe on Aug 11, 2024 6:09:09 GMT -6
Apparently not enough people that are supposed to do anything about it give a shit Welcome to the forum! We are way past being able to do anything about it. You’d have to cut 30% of the military budget and 30% of all entitlements (SS, Medicaid, Medicare) just to balance the budget. That’s political suicide, and there will be a revolution if you cut entitlements. Social Security is NOT an entitlement. 30% is about right for the number of people who don't belong on Social Security and Medicare. Can't speak for Medicaid but the better answer would be cutting 50% of the freaking government bloat! |
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US debt
Aug 11, 2024 6:17:30 GMT -6
via mobile
Post by moody on Aug 11, 2024 6:17:30 GMT -6
We are way past being able to do anything about it. You’d have to cut 30% of the military budget and 30% of all entitlements (SS, Medicaid, Medicare) just to balance the budget. That’s political suicide, and there will be a revolution if you cut entitlements. Social Security is NOT an entitlement. 30% is about right for the number of people who don't belong on Social Security and Medicare. Can't speak for Medicaid but the better answer would be cutting 50% of the freaking government bloat! While the US and global financial situation looks a bit ominous, we do have to try. We can cut spending, raise taxes, or both. But we have to try yo do something. As wammies says in the OP, no one (Trump included) wants to take this one on. It’s going to mean sacrifice and no politician wants to campaign on asking Americans to sacrifice. Some one is going to need to be honest about our situation, in a Ron Paul sort of way, and lead us in this battle. I don’t have any idea who that person is. They might not exist. |
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US debt
Aug 11, 2024 6:35:07 GMT -6
Post by stargatebabe on Aug 11, 2024 6:35:07 GMT -6
Social Security is NOT an entitlement. 30% is about right for the number of people who don't belong on Social Security and Medicare. Can't speak for Medicaid but the better answer would be cutting 50% of the freaking government bloat! While the US and global financial situation looks a bit ominous, we do have to try. We can cut spending, raise taxes, or both. But we have to try yo do something. As wammies says in the OP, no one (Trump included) wants to take this one on. It’s going to mean sacrifice and no politician wants to campaign on asking Americans to sacrifice. Some one is going to need to be honest about our situation, in a Ron Paul sort of way, and lead us in this battle. I don’t have any idea who that person is. They might not exist. I agree something has to be done - I've been saying it for years but no one listens! How about we start with the government bloat? I'm trying to find out if Biden's administration is bigger, and if so by how much, and all I'm getting is how diverse it is, which actually tells me all I need to know. Cut 50% of those people. The problem is Washington ( ALL ADMINISTRATIONS ) has let this gone on for way too long - hell, they keep adding to the problem, while doing nothing to help - and now we're in serious trouble but because we can't get serious politicians, our grandchildren, great-grandchildren, great-great-grandchildren, etc, are screwed! NO MORE spending bills unless there is an equal spending cut somewhere else. Honesty in politics? You are joking, right? You expect honesty from the people who are trying to tell you this is the best economy EVER? You expect honesty from people who are just interested in re-distributing the debt ( loan forgiveness )? |
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US debt
Aug 11, 2024 7:28:02 GMT -6
Post by luvmywammies on Aug 11, 2024 7:28:02 GMT -6
You’d have to cut 3T annually just to balance the budget. That’s how much debt we adding each year. The only reason GDP is 2% is because of deficit spending. We’d be in a major depression if you subtracted 3T
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US debt
Aug 11, 2024 7:36:39 GMT -6
Post by luvmywammies on Aug 11, 2024 7:36:39 GMT -6
The consumer is tapped out too. Record credit debt, and now tapping in their 401s at a record pace. People have no idea what’s coming. They’ve kicked the can down the road since the 2008 crash by printing 30T. They’ve taken our debt from 5T to 35T. The interest payment alone on the 35T is now 1.2T, and will be 1.7T by years end when the treasuries start rolling over into the higher yields. 10T is rolling over by years end. Maybe that’s why the WEF is is planning the great reset? Because this is 100% unsolvable.
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