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US debt
Aug 11, 2024 8:18:55 GMT -6
Post by Red Deathy on Aug 11, 2024 8:18:55 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! Agree, SS and Medicare are funded by payroll taxes, these programs have a dedicated income source. SSDI and Medicaid are welfare programs/entitlements - no funding source. To conflate things SSDI and Medicaid often get lumped into the same SS/Medicare basket. Good luck trying to convince people we can't afford those anymore - but the truth is we can't. |
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US debt
Aug 11, 2024 8:54:23 GMT -6
Post by luvmywammies on Aug 11, 2024 8:54:23 GMT -6
If you aren’t planning for a complete economic collapse, you better start. Collapse or hyperinflation, that’s their choices.
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US debt
Aug 11, 2024 10:39:19 GMT -6
Post by luvmywammies on Aug 11, 2024 10:39:19 GMT -6
Another thing to think about…. BRICS nations are dumping UST and buying gold. The US has to monetize its debt because UST auctions are failing. This is end game scenario.
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US debt
Aug 11, 2024 11:09:59 GMT -6
Post by stargatebabe on Aug 11, 2024 11:09:59 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! Agree, SS and Medicare are funded by payroll taxes, these programs have a dedicated income source. SSDI and Medicaid are welfare programs/entitlements - no funding source. To conflate things SSDI and Medicaid often get lumped into the same SS/Medicare basket. Good luck trying to convince people we can't afford those anymore - but the truth is we can't. I'm not going to try and convince anyone of anything. If they don't have the brains to understand this, as you did, I'm sure not wasting time on them. Thank you for spelling it out for them |
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US debt
Aug 11, 2024 11:25:52 GMT -6
Post by luvmywammies on Aug 11, 2024 11:25:52 GMT -6
Agree, SS and Medicare are funded by payroll taxes, these programs have a dedicated income source. SSDI and Medicaid are welfare programs/entitlements - no funding source. To conflate things SSDI and Medicaid often get lumped into the same SS/Medicare basket. Good luck trying to convince people we can't afford those anymore - but the truth is we can't. I'm not going to try and convince anyone of anything. If they don't have the brains to understand this, as you did, I'm sure not wasting time on them. Thank you for spelling it out for them They might be funded from payroll taxes, but it’s still paid from the govt tax revenues. |
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US debt
Aug 11, 2024 15:49:41 GMT -6
Post by showme1960 on Aug 11, 2024 15:49:41 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. Yep, it's not a revenue problem, raising taxes isn't the answer. It's too much spending, and the democrats will never allow that problem to be solved. Since Clinton was president I've said this is the number one problem our country faces. Some of our politicians have tried to address it, most have ignored it, but all of our politicians have failed us. |
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US debt
Aug 11, 2024 18:00:03 GMT -6
Post by stargatebabe on Aug 11, 2024 18:00:03 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. Yep, it's not a revenue problem, raising taxes isn't the answer. It's too much spending, and the democrats will never allow that problem to be solved. Since Clinton was president I've said this is the number one problem our country faces. Some of our politicians have tried to address it, most have ignored it, but all of our politicians have failed us.TRUTH! |
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US debt
Aug 11, 2024 19:42:53 GMT -6
Post by oedipustex on Aug 11, 2024 19:42:53 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care? Not enough. And before we start blaming politicians - and there is a lot of blame to place there - the heart of the problem is that the American people don't care enough to support action to address the problem. |
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US debt
Aug 11, 2024 19:48:20 GMT -6
Post by luvmywammies on Aug 11, 2024 19:48:20 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care? Not enough. And before we start blaming politicians - and there is a lot of blame to place there - the heart of the problem is that the American people don't care enough to support action to address the problem. Most people don’t know this. They are too busy watching sports and controlled media. |
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US debt
Aug 11, 2024 19:51:52 GMT -6
Post by oedipustex on Aug 11, 2024 19:51:52 GMT -6
Not enough. And before we start blaming politicians - and there is a lot of blame to place there - the heart of the problem is that the American people don't care enough to support action to address the problem. Most people don’t know this. They are too busy watching sports and controlled media. That's certainly true of a lot of people. But there are many others who know it but would rather the can get kicked down the road rather than deal with the issue now. |
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US debt
Aug 12, 2024 6:15:41 GMT -6
Post by stargatebabe on Aug 12, 2024 6:15:41 GMT -6
The US is adding 1T of debt every 100 days. Does anybody care? Not enough. And before we start blaming politicians - and there is a lot of blame to place there - the heart of the problem is that the American people don't care enough to support action to address the problem. I'd love to see a politician SUGGEST action! |
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US debt
Aug 12, 2024 6:38:28 GMT -6
via mobile
Post by moody on Aug 12, 2024 6:38:28 GMT -6
Not enough. And before we start blaming politicians - and there is a lot of blame to place there - the heart of the problem is that the American people don't care enough to support action to address the problem. I'd love to see a politician SUGGEST action! I suspect that it’s going to take an actual crash, something akin to 1929, before Americans demand action. They are going to need to see their 401k account take a 50 percent haircut. They need to see inflation reach records levels. Homelessness and hopelessness abounding. Then they will start caring and demand their politicians care. It’s possible, however, that either the 2028 or 2032 elections are about plans to fix the crisis. That would mean a crisis soon. I could see that scenario. |
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US debt
Aug 12, 2024 6:57:43 GMT -6
Post by stargatebabe on Aug 12, 2024 6:57:43 GMT -6
I'd love to see a politician SUGGEST action! I suspect that it’s going to take an actual crash, something akin to 1929, before Americans demand action. They are going to need to see their 401k account take a 50 percent haircut. They need to see inflation reach records levels. Homelessness and hopelessness abounding. Then they will start caring and demand their politicians care. It’s possible, however, that either the 2028 or 2032 elections are about plans to fix the crisis. That would mean a crisis soon. I could see that scenario. I fear that those who really care are being shouted over by those who don't give a shit and are happy if that would happen and those who just don't understand the way our country works - I'm blaming schools and parents for that. You know most folks these days are going to just whine about it and blame "the other guy" instead of trying to do something about it I'm slowing cashing out my 401 and converting part of it into Gold and Silver and the rest is cash in our gun safe because a crash wouldn't surprise me one bit and it's apparent that our politicians don't give a shit - they are too busy trying to smear their opponents instead of worrying about what's going on now! |
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US debt
Aug 12, 2024 6:58:44 GMT -6
Post by luvmywammies on Aug 12, 2024 6:58:44 GMT -6
When this recession / depression hits, tax receipts will plummet, creating a bigger deficit and adding more to the debt. Then QE, massive stimulus and trillions of money printing are next. Aggressive rate cuts are starting next month, which is major inflationary. Buckle up, things are about to get even more crazy. They have no solution.
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US debt
Aug 12, 2024 7:12:15 GMT -6
via mobile
Post by moody on Aug 12, 2024 7:12:15 GMT -6
When this recession / depression hits, tax receipts will plummet, creating a bigger deficit and adding more to the debt. Then QE, massive stimulus and trillions of money printing are next. Aggressive rate cuts are starting next month, which is major inflationary. Buckle up, things are about to get even more crazy. They have no solution. Their solution will be to print more money and maybe lower rates. It’s a bandaid on a gaping wound. |
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