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| 03:24 AM | ||
| Users Online Now: 1,461 (Who's On?) | Visitors Today: 161,438 | |
| Pageviews Today: 300,238 | Threads Today: 150 | Posts Today: 2,310 |
| 03:24 AM | ||
US Debt limit maxed out yesterday. | |
the deplorable ar-15 nut
 User ID: 78054348  United States12/09/2022 01:22 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 71214588 United States12/09/2022 01:22 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 82172181 United States12/09/2022 01:26 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 84820047 United States12/09/2022 01:29 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 84820047 United States12/09/2022 01:32 PM Report Abusive Post Report Copyright Violation | we made america great again and have all this winning. thank goodness! Quoting: Anonymous Coward 61295752 Four years of Trump's reckless spending is the cause of all the inflation The POTUS and Executive Branch does not legislate federal budget spending. The House of Congress enacts federal budget spending which is approved by the Senate and then approved or vetoed by POTUS. A budgetary deficit or a surplus budget has nothing to do with the national debt. There is no balanced budget law. The national debt will never be paid off or paid down. It isn't intended to be paid off or paid down. It is fiat funny money that is only as real as people believe it has value. Riiight they just mint platinum coins and say they are worth 1 trillion USD to go around congress or sue aaaalleexxxjjjjjjonesssss for it.  |
| Trolland Dump
(OP) User ID: 81065892  Denmark12/09/2022 01:37 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 79673421 Four years of Trump's reckless spending is the cause of all the inflation The POTUS and Executive Branch does not legislate federal budget spending. The House of Congress enacts federal budget spending which is approved by the Senate and then approved or vetoed by POTUS. A budgetary deficit or a surplus budget has nothing to do with the national debt. There is no balanced budget law. The national debt will never be paid off or paid down. It isn't intended to be paid off or paid down. It is fiat funny money that is only as real as people believe it has value. Riiight they just mint platinum coins and say they are worth 1 trillion USD to go around congress or sue aaaalleexxxjjjjjjonesssss for it. That's pretty funny, they should.. |
| sad pony
User ID: 80785597 United States12/09/2022 01:39 PM Report Abusive Post Report Copyright Violation | |
| CuriousSkeptic20
User ID: 84710426 United States12/09/2022 01:41 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 82888196 United States12/09/2022 01:44 PM Report Abusive Post Report Copyright Violation | Debt: $34,000,000,000,000.00 (close-enough) U.S. Population: 300,000,000.00 (close-enough) Owed: $113,333.33 (per individual) Cost to balance: $453,333.33 (per family of 4) I'd gladly pay to get out of the system with an amendment for balanced budget and no more then 25% social, 40% military, 25% infrastructure, 10% misc. split locked into that amendment going forward. |
| Remedial_Rebel
User ID: 78258400 United States12/09/2022 01:44 PM  Report Abusive Post Report Copyright Violation | [link to news.cgtn.com (secure)] Quoting: Trolland Dump Less than 50% - "debt has reached its $31.4 trillion ceiling" [link to www.usdebtclock.org (secure)] "Congress raises US federal debt limit to USD 31.4 trillion" "The Democratic-led House of Representatives approved the bill in a 221-209 vote. Mr Schumer said the increase would cover the government’s needs into 2023, through the November 8 midterm elections that will determine which party will control Congress." [link to tvpworld.com (secure)] 31 trillion is catastrophic, but the 173 trillion of unfunded liabilities has NO plausible recovery. That is not 50 years down the road, it is NOW with the retirement of the baby boom and every penny of the trust fund has been "loaned" out. "You can close the water tight doors and turn on the bilge pumps, but it's a mathematical certainty, Titanic will founder".  Last Edited by Remedial_Rebel on 12/09/2022 01:57 PM |
| Anonymous Coward User ID: 49598504 United States12/09/2022 01:45 PM Report Abusive Post Report Copyright Violation | [link to news.cgtn.com (secure)] Quoting: Trolland Dump Less than 50% - "debt has reached its $31.4 trillion ceiling" [link to www.usdebtclock.org (secure)] "Congress raises US federal debt limit to USD 31.4 trillion" "The Democratic-led House of Representatives approved the bill in a 221-209 vote. Mr Schumer said the increase would cover the government’s needs into 2023, through the November 8 midterm elections that will determine which party will control Congress." [link to tvpworld.com (secure)] Happens all the time. No big deal because the more the economy grows the larger amount of debt can be taken on. Like rich people have a higher credit limit than poor people. |
| CuriousSkeptic20
User ID: 84710426 United States12/09/2022 01:47 PM Report Abusive Post Report Copyright Violation | Debt: $34,000,000,000,000.00 (close-enough) Quoting: Anonymous Coward 82888196 U.S. Population: 300,000,000.00 (close-enough) Owed: $113,333.33 (per individual) Cost to balance: $453,333.33 (per family of 4) I'd gladly pay to get out of the system with an amendment for balanced budget and no more then 25% social, 40% military, 25% infrastructure, 10% misc. split locked into that amendment going forward. That 10% misc would be endlessly fought over and debated in the bureaucratic shit show that is congress CuriousSkeptic20 |
| Anonymous Coward User ID: 82888196 United States12/09/2022 01:47 PM Report Abusive Post Report Copyright Violation | Debt: $34,000,000,000,000.00 (close-enough) Quoting: Anonymous Coward 82888196 U.S. Population: 300,000,000 (close-enough) Owed: $113,333.33 (per individual) Cost to balance: $453,333.33 (per family of 4) I'd gladly pay to get out of the system with an amendment for balanced budget and no more then 25% social, 40% military, 25% infrastructure, 10% misc. split locked into that amendment going forward. Add a fixed graduated tax rate of between 10-25% for all citizens (and corporations0 based on income tax. |
| Anonymous Coward User ID: 82888196 United States12/09/2022 01:48 PM Report Abusive Post Report Copyright Violation | Debt: $34,000,000,000,000.00 (close-enough) Quoting: Anonymous Coward 82888196 U.S. Population: 300,000,000.00 (close-enough) Owed: $113,333.33 (per individual) Cost to balance: $453,333.33 (per family of 4) I'd gladly pay to get out of the system with an amendment for balanced budget and no more then 25% social, 40% military, 25% infrastructure, 10% misc. split locked into that amendment going forward. That 10% misc would be endlessly fought over and debated in the bureaucratic shit show that is congress Debt: $34,000,000,000,000.00 (close-enough) Quoting: Anonymous Coward 82888196 U.S. Population: 300,000,000.00 (close-enough) Owed: $113,333.33 (per individual) Cost to balance: $453,333.33 (per family of 4) I'd gladly pay to get out of the system with an amendment for balanced budget and no more then 25% social, 40% military, 25% infrastructure, 10% misc. split locked into that amendment going forward. That 10% misc would be endlessly fought over and debated in the bureaucratic shit show that is congress I can live with that. |
| DakotaRose
User ID: 80910295 United States12/09/2022 01:49 PM  Report Abusive Post Report Copyright Violation | |
| Festus J. Hoggbottom, III
User ID: 84062326 United States12/09/2022 01:49 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 84902651 United States12/09/2022 01:51 PM Report Abusive Post Report Copyright Violation | |
| CuriousSkeptic20
User ID: 84710426 United States12/09/2022 01:54 PM Report Abusive Post Report Copyright Violation | im hoping it goes to 50,000!!!!! WE WILL BE SAVED!!! now, go buy your half gallon of milk, loaf of bread, water, and dozen eggs for 20 dollars please  but everything is ok cause "mah dow!!!!!!!!" right?  Why would you buy water? The toilet refills after every flush it is a never ending supply #Science CuriousSkeptic20 |
| RealViceLord
User ID: 84903594 United States12/09/2022 01:55 PM Report Abusive Post Report Copyright Violation | we made america great again and have all this winning. thank goodness! Quoting: Anonymous Coward 61295752 Four years of Trump's reckless spending is the cause of all the inflation you have to spend money to make MAGA and achieve all this winning. he can spend even more to do the draining of the swamp and locking hillary up when he wins 2024. its going to be even more wonderful. i cant wait for more winning. you sound like a sucker. trump didn't drain the swamp when he was president and he didn't lock hillary up. you sound dumb when you state he will do it the next time he gets into office. The Trump supporters will support him until they are gone. Without question. Even though he sold all of us Americans down the River for a quick buck and became the Father of the Vaccine. Anyone thinking Trump isn’t part of the whole Elitist game is a clown. It’s not TDS, it’s called not being a complete buffoon and learning from the past. By HIS Grace Alone. |
| Tonight We Ride!
User ID: 77541527 United States12/09/2022 01:56 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 84901310 United States12/09/2022 02:03 PM Report Abusive Post Report Copyright Violation | [link to news.cgtn.com (secure)] Quoting: Trolland Dump Less than 50% - "debt has reached its $31.4 trillion ceiling" [link to www.usdebtclock.org (secure)] "Congress raises US federal debt limit to USD 31.4 trillion" "The Democratic-led House of Representatives approved the bill in a 221-209 vote. Mr Schumer said the increase would cover the government’s needs into 2023, through the November 8 midterm elections that will determine which party will control Congress." [link to tvpworld.com (secure)] ha ha ha ha ha ha ha ha.. whenever has this ever meant anything in my own adult life? They just make it folks ... |
| Morpheus
User ID: 84775413 United States12/09/2022 02:04 PM Report Abusive Post Report Copyright Violation | [link to news.cgtn.com (secure)] Quoting: Trolland Dump Less than 50% - "debt has reached its $31.4 trillion ceiling" [link to www.usdebtclock.org (secure)] "Congress raises US federal debt limit to USD 31.4 trillion" "The Democratic-led House of Representatives approved the bill in a 221-209 vote. Mr Schumer said the increase would cover the government’s needs into 2023, through the November 8 midterm elections that will determine which party will control Congress." [link to tvpworld.com (secure)]  |
| CuriousSkeptic20
User ID: 84710426 United States12/09/2022 02:05 PM Report Abusive Post Report Copyright Violation | [link to news.cgtn.com (secure)] Quoting: Trolland Dump Less than 50% - "debt has reached its $31.4 trillion ceiling" [link to www.usdebtclock.org (secure)] "Congress raises US federal debt limit to USD 31.4 trillion" "The Democratic-led House of Representatives approved the bill in a 221-209 vote. Mr Schumer said the increase would cover the government’s needs into 2023, through the November 8 midterm elections that will determine which party will control Congress." [link to tvpworld.com (secure)] That seems photoshopped, he’s not smelling any woman’s hair so it’s clearly fake CuriousSkeptic20 |
| Anonymous Coward User ID: 83543244 United States12/09/2022 02:07 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80062137 United States12/09/2022 02:08 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83892304 12/09/2022 02:09 PM Report Abusive Post Report Copyright Violation | we made america great again and have all this winning. thank goodness! Quoting: Anonymous Coward 61295752 Four years of Trump's reckless spending is the cause of all the inflation Are people really this ignorant? In 1933 our national debt was $22 billion but FDR wanted to be free of gold backing our currency (debt) so he detached the dollar from gold. If you assume a rate of debt expansion by 8.5% a year, we would have a total debt of $22B(1+0.085)^(2022-1933) = $31,310 billion or $31.3 trillion which is about what it is. This means that our total debt doubles every 8.5 years (1+0.085)^8.5 = 2 |
| The Starbuckian
User ID: 78914801 United States12/09/2022 02:11 PM  Report Abusive Post Report Copyright Violation | I think it's brilliant that the US decided to cap the price of Russian oil at $60 a barrel. That's only three $20 gold coins. If they make good on their promise, the price of gold will drop like a rock in no time at all, and the reset will fix everything. “Queen Sarah, save us from the Black Dog King!” - from the play, Dissocia [link to tasaonline.org.au (secure)] "Never be anyone's French poodle." - Mr Hamilton |
| Anonymous Coward User ID: 84900369 United States12/09/2022 02:11 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Obvious User ID: 80292137 United States12/09/2022 02:12 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 7223896  United Kingdom12/09/2022 02:16 PM Report Abusive Post Report Copyright Violation | The simple fact is thats its the end of the road for the USA It had its chance to dominate the world, create a global empire Insted you decided to make a few people very rich Greed has been your downfall Within 10 years, after the economic chaos, another country will emerge Its just how things go on this planet |
