The National Debt, Do You Worry About It?

Brownslave688

You want a toe? I can get you a toe.
Money is just a silly game.
Google the federal reserve. Study. Really get into it.
Nothing will happen with the federal debt; until it is decided that something will happen with the federal debt
Pretty much. As long as the world is ok with USD as the leading currency nothing will happen.
 

Brownslave688

You want a toe? I can get you a toe.
No Democracy has ever made it 300 years
 

UnionStrong

Sorry, but I don’t care anymore.
We don’t have a democracy, we have a constitutional republic
 

Box Ox

Well-Known Member

"In a strongly worded op-ed published in the Wall Street Journal on Thursday, the moderate senator called on fellow Democrats to "hit a strategic pause on the budget-reconciliation legislation," referring to the bill that can be approved in the Senate by just a simple majority -- meaning all 50 members of the Senate Democratic Caucus have to support the bill or it will collapse since all 50 Republicans are expected to oppose it.

"Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation," he wrote in the op-ed. "A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not."
 

Wally

BrownCafe Innovator & King of Puns

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TearsInRain

IE boogeyman
The debt is just numbers on a screen; it's a Ponzi within global finance which is basically a bigger Ponzi at this point

Until another country overtakes us economically and militarily, and is trustworthy enough to invest in (not you China), things will stay the same
 

vantexan

Well-Known Member
The debt is just numbers on a screen; it's a Ponzi within global finance which is basically a bigger Ponzi at this point

Until another country overtakes us economically and militarily, and is trustworthy enough to invest in (not you China), things will stay the same
Servicing the debt with much higher interest rates will take money we could only print to pay. Which will cause a monetary collapse. It's not just whatever they want it to be because it's all a scheme. There are real world problems caused by this that will inflict huge economic pain. And Ponzi schemes always collapse.
 

Wally

BrownCafe Innovator & King of Puns
FY 2031, or more than triple the amount for the current fiscal year. By that time, interest payments will account for 59 percent of the projected $1.6 trillion deficit.
 

TearsInRain

IE boogeyman
Servicing the debt with much higher interest rates will take money we could only print to pay. Which will cause a monetary collapse. It's not just whatever they want it to be because it's all a scheme. There are real world problems caused by this that will inflict huge economic pain. And Ponzi schemes always collapse.
you are thinking like we are any other country, instead of the greatest economic and military superpower in history

those financial outcomes dont apply to us, for now
 
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