|
|
US debt
Aug 12, 2024 7:16:32 GMT -6
Post by luvmywammies on Aug 12, 2024 7:16:32 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. Yup, It’s either the greatest depression in history, or lower rates and print trillions more. |
|
|
|
US debt
Aug 12, 2024 7:44:42 GMT -6
Post by luvmywammies on Aug 12, 2024 7:44:42 GMT -6
We set a new record for US National Debt.
The US national debt is growing at the rate of $1 trillion every 100 days.
The interest on the debt is on pace for $1.5 trillion in the next 12 months, which is about 30% of all govt revenue going to interest payments.
|
|
oedipustex
Senior Member
Posts: 736
Member is Online
|
US debt
Aug 12, 2024 9:08:55 GMT -6
Post by oedipustex on Aug 12, 2024 9:08:55 GMT -6
We set a new record for US National Debt. The US national debt is growing at the rate of $1 trillion every 100 days. The interest on the debt is on pace for $1.5 trillion in the next 12 months, which is about 30% of all govt revenue going to interest payments. Which is unsustainable. The ONLY way out, other than sundry forms of economic chaos, is to reduce spending and grow our way out of it. Raising taxes would be a counterproductive move. Further to that, the only substantial spending reductions will HAVE to come with entitlements. A majority of Americans balk at that, believing the political demagoguery that tells them people will suffer. The hard truth is that more people will suffer, and suffer more deeply, if we don't reduce entitlement spending. |
|
|
|
US debt
Aug 12, 2024 10:50:43 GMT -6
Post by luvmywammies on Aug 12, 2024 10:50:43 GMT -6
We set a new record for US National Debt. The US national debt is growing at the rate of $1 trillion every 100 days. The interest on the debt is on pace for $1.5 trillion in the next 12 months, which is about 30% of all govt revenue going to interest payments. Which is unsustainable. The ONLY way out, other than sundry forms of economic chaos, is to reduce spending and grow our way out of it. Raising taxes would be a counterproductive move. Further to that, the only substantial spending reductions will HAVE to come with entitlements. A majority of Americans balk at that, believing the political demagoguery that tells them people will suffer. The hard truth is that more people will suffer, and suffer more deeply, if we don't reduce entitlement spending. as I laid out earlier, there’s nothing to cut. SS, Medicaid, Medicare, military, pensions, interest payment on the debt are all mandatory spending which takes over 100% of all gift revenues. as I laid out earlier, there’s nothing to cut. SS, Medicaid, Medicare, military, pensions, interest payment on the debt are all mandatory spending which takes up over 100% of all govt revenues. |
|
oedipustex
Senior Member
Posts: 736
Member is Online
|
US debt
Aug 12, 2024 12:32:20 GMT -6
Post by oedipustex on Aug 12, 2024 12:32:20 GMT -6
Which is unsustainable. The ONLY way out, other than sundry forms of economic chaos, is to reduce spending and grow our way out of it. Raising taxes would be a counterproductive move. Further to that, the only substantial spending reductions will HAVE to come with entitlements. A majority of Americans balk at that, believing the political demagoguery that tells them people will suffer. The hard truth is that more people will suffer, and suffer more deeply, if we don't reduce entitlement spending. as I laid out earlier, there’s nothing to cut. SS, Medicaid, Medicare, military, pensions, interest payment on the debt are all mandatory spending which takes over 100% of all gift revenues. as I laid out earlier, there’s nothing to cut. SS, Medicaid, Medicare, military, pensions, interest payment on the debt are all mandatory spending which takes up over 100% of all govt revenues. Mandatory does not mean unchangeable. Entitlements can be changed. Republicans want to rein them in. A sizeable minority of Democrats want to rein them in. Neither have the political will to do so, because the American public won't support it. We can only hope that, when these programs go bankrupt and the crisis hits, the prevailing party in DC will use the crisis to curtail the entitlements rather than use the crisis to grow government and expand power. |
|
|
|
US debt
Aug 12, 2024 14:45:22 GMT -6
Post by luvmywammies on Aug 12, 2024 14:45:22 GMT -6
70% of Americans dont have $1000 cash. Entitlements will never be cut. The only possible outcomes are
1) keep the system alive by printing trillions
2) crash the economy and bring in the great reset
|
|
|
|
US debt
Aug 12, 2024 14:55:58 GMT -6
via mobile
Post by moody on Aug 12, 2024 14:55:58 GMT -6
70% of Americans dont have $1000 cash. Entitlements will never be cut. The only possible outcomes are 1) keep the system alive by printing trillions 2) crash the economy and bring in the great reset It was always designed to inflate until it burst. They have always known that our debt was essentially a Ponzi scheme, and that our system would eventually fail. Every time the system falters the really rich get a lot richer. I have no reason to believe that a hard crash will be any different. Even more dramatic. You can see where they want to take us, I mean our controllers. “You will own nothing and like it” (but if you don’t, they don’t give a shit) Be a good citizen or you won’t get your CBDC funds this week! C-O-N-T-R-O-L |
|
|
|
US debt
Aug 12, 2024 15:21:55 GMT -6
Post by luvmywammies on Aug 12, 2024 15:21:55 GMT -6
70% of Americans dont have $1000 cash. Entitlements will never be cut. The only possible outcomes are 1) keep the system alive by printing trillions 2) crash the economy and bring in the great reset It was always designed to inflate until it burst. They have always known that our debt was essentially a Ponzi scheme, and that our system would eventually fail. Every time the system falters the really rich get a lot richer. I have no reason to believe that a hard crash will be any different. Even more dramatic. You can see where they want to take us, I mean our controllers. “You will own nothing and like it” (but if you don’t, they don’t give a shit) Be a good citizen or you won’t get your CBDC funds this week! C-O-N-T-R-O-L truth. That’s why they have the great reset and CBDC’s coming. Total control |
|
|
|
US debt
Aug 12, 2024 15:48:22 GMT -6
Post by luvmywammies on Aug 12, 2024 15:48:22 GMT -6
US Records 2nd Biggest July Deficit In History As 25% Of Tax Revenue Go To Pay Interest
Holy momma. Debt is going hyperbolic.
|
|
|
|
US debt
Aug 12, 2024 20:36:56 GMT -6
via mobile
Post by attackrat on Aug 12, 2024 20:36:56 GMT -6
70% of Americans dont have $1000 cash. Entitlements will never be cut. The only possible outcomes are 1) keep the system alive by printing trillions 2) crash the economy and bring in the great reset Doom or gloom? You are in charge tomorrow. What do you do? Which do you bring? Doom or Gloom? Invest in Shiba? |
|
|
|
US debt
Aug 12, 2024 21:07:37 GMT -6
Post by luvmywammies on Aug 12, 2024 21:07:37 GMT -6
70% of Americans dont have $1000 cash. Entitlements will never be cut. The only possible outcomes are 1) keep the system alive by printing trillions 2) crash the economy and bring in the great reset Doom or gloom? You are in charge tomorrow. What do you do? Which do you bring? Doom or Gloom? Invest in Shiba? It’s past fixing. I was just arguing with my friend about it. I said Trump will have to cut 3T off the budget just to balance the budget. Don’t look at their fake deficit numbers, we are adding 3T to the debt annually. |
|
|
|
US debt
Aug 12, 2024 21:12:08 GMT -6
Post by luvmywammies on Aug 12, 2024 21:12:08 GMT -6
This is why you’re seeing 70% of the world joining BRICS. They want no part of the US, UST’s and the dollar.
|
|
|
|
US debt
Aug 12, 2024 21:19:49 GMT -6
via mobile
Post by attackrat on Aug 12, 2024 21:19:49 GMT -6
This is why you’re seeing 70% of the world joining BRICS. They want no part of the US, UST’s and the dollar. BRICS? lol. Tell me you are a sheep without telling me you are a sheep. BRICS!!!! |
|
|
|
US debt
Aug 12, 2024 21:22:05 GMT -6
Post by luvmywammies on Aug 12, 2024 21:22:05 GMT -6
This is why you’re seeing 70% of the world joining BRICS. They want no part of the US, UST’s and the dollar. BRICS? lol. Tell me you are a sheep without telling me you are a sheep. BRICS!!!! you mean the BRICS who have the #2 and #3 nuclear superpowers? Control 70% of the worlds population and 70% of its resources? That one? |
|
|
|
US debt
Aug 12, 2024 21:23:36 GMT -6
Post by luvmywammies on Aug 12, 2024 21:23:36 GMT -6
Who are all selling UST’s and buying gold, while the US is adding 1T of debt every 100 days . Yeah, they must be stupid
|
|
