The Forgotten Debt

Townhall.com ^ | December 11, 2019 | John Stossel

[roadcat]

We can't pay off our increasing debt

Easy solution - sell all our debt to China, trillions of dollars of debt. Then before they can attempt to recover the money, we bomb them to the stone age. Problem solved. /s

[Brian Griffin]

Social Security will probably see a mix of benefit cuts and tax increases, which the Democrats will want to be balanced(cuts=tax increases).

The Democrats are likely to get their way again.

Medicare will be handled by:
tax increases[4% employer/2% employee]
benefit limits
drug company rebate requirements as per Germany
provider reforms involving nurse practitioners and
hospital restructuring getting rid of the expensive managers.

[Jan_Sobieski]

I agree! What did Paul Ryan do to cut spending?

[TomServo]

Would you please quit stutter posting?

[Elsie]

That's how deep in debt the federal government is citizens of this country are now...

[Elsie]

Venezuela

[Elsie]

^{Nothing new under the sun...}

 

 

To pay for the large costs of the ongoing First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing,^[1] a decision criticized by financial experts such as Hjalmar Schacht as a dangerous risk for currency devaluation.^[2]

 

 

https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic

[Elsie]

One would live downstairs and rent the upstairs apartment.

That's how mom paid for our place. The renter basically made the house payment.

[Elsie]

“My housing bill takes a first step by creating a first-of-its-kind down-payment assistance program.

Well; it's worked for Teslas and Volts and Priuses and solar cells and ethanol; why NOT houses; too?

[Elsie]

Folks in the cities will quickly eat all the dogs, cats and pot-bellied pigs near them; then they are gonna try to come out to the boonies to see where I store MY food!