Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


1 posted on 12/31/2023 8:18:19 AM PST by Kaiser8408a
[ Post Reply | Private Reply | View Replies ]


To: Kaiser8408a

CLOWARD & PIVEN, 101


2 posted on 12/31/2023 8:27:03 AM PST by CivilWarBrewing (Get off my back for my usage of CAPS, especially you snowflake males! MAN UP!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a
--- "US government debt is now bigger than the US economy. This was unseen until 2012 when debt surpassed GDP for the first time."

This is THE frame around which all other political and geopolitical events are taking place.

Democrats and RINOs alike are proving incapable of any wisdom at all. In parallel, a whole lot of national politicians are quietly slipping out the back door, Romney-like. They are all readying their "I wasn't there when...." speeches.

Debt Clock

Federal Budget Deficit Grew to $2 Trillion in FY 2023 Tax Foundation, 12 October 2023

U.S. Credit Rating Changed From ‘Stable’ To ‘Negative’ As National Debt Balloons Daily Wire, 11 November 2023

"Half of all American workers now make under $41,000 per year.

"That comes to $3,400 per month.

"Given the median rent is $1,978 and used car payment is $528, that leaves precisely $894 for everything else -- food, utilities, medical insurance and premiums, clothes, car repairs, sick kids, and that once a year dinner out at McDonald's."

Peter StOnge


3 posted on 12/31/2023 8:27:31 AM PST by Worldtraveler once upon a time (Degrow government)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a

Bad news everyone I ain’t no 632k so y’all SOOL🤣🤣🤣


5 posted on 12/31/2023 8:36:36 AM PST by The Louiswu (Pray for Peace in the world.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a

It is worth noting that this is an equal opportunity debt. Everyone from Bernie Sanders to Donald Trump has had a hand in it.

Rand Paul is the exception. No one else seems to care. And since no one cares, no one will make any attempt to fix the problem.


6 posted on 12/31/2023 8:40:22 AM PST by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a

Not to mention the $5K visa cards the illegals are receiving, upon entering the US.


7 posted on 12/31/2023 8:43:45 AM PST by Jane Long (What we were told was a conspiracy theory in ‘20 is now fact. Land of the sheep, home of the knaves)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a

In other news, Noon will be at 12 o-clock today.


9 posted on 12/31/2023 8:48:48 AM PST by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a

They’ve been talking about this for years, yet the economy hasn’t collapsed.

Why? Each year those statistics get worse yet nothing dire happens.

When exactly will that happen? And what will be the trigger?

When you cry wolf too many times, and there’s no wolf, people will stop believing you.


14 posted on 12/31/2023 9:21:35 AM PST by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a; All
Thank you for referencing that article Kaiser8408a.

"US Fiscal Inferno! US Government Debt Now Bigger Than US Economy, But Unfunded Liabilities (Promises) Are $632k Per Citizen (As California’s Governor Newsom Gives Away Free California Taxpayer Dollars For Healthcare To Illegal Immigrants)"


There! Fixed it.

Don't California taxpayers remember when they voted to pass referendum to give healthcare to illegal immigrants? /super-sarc

Given the contagious diseases that illegals are probably bringing into California and the rest of the country, California citizens deserve “free” healthcare too.

Leprosy, Polio, Malaria, TB, Measles … and Massive Unscreened Illegal Immigration (12.26.23)

Maybe anti-Trump Newsom and Biden are competing with each other to buy votes with unconstitutional illegal immigrant handouts.

Arizona Sheriff: Illegal Immigrants Being Handed $5,000 Visa Gift Cards, Cell Phones, And Plane Tickets (12.7.23)

Patriots, don't forget to primary all state and federal incumbent lawmakers and executives up for reelection in 2024, except for MTG, Gaetz & Company (and others?), replacing them with Constitution-respecting patriots who will support hopeful Trump 47 to finish draining the swamp.

15 posted on 12/31/2023 9:27:10 AM PST by Amendment10
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a

Newsome’s plan is to give away everything and then put California in a too-big-to-fail bailout by the Fed setting the stage for complete changeover to full government control of everything - communism.


22 posted on 12/31/2023 10:05:04 AM PST by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a
The collectivist writers love to say, "the US is a rich country" premised on the mistaken belief that the "US" is an entity in control of the monetary worth of every citizen as an aggregate resource. Likewise, the collectivist writers like to spread the pain by placing the aggregate liabilities on the heads of each citizen equally. The reality is assets and liabilities are held individually. There is not a "socialized" aggregation of either assets or liabilities.

The banks and politicians have run up huge liabilities. Bad debts. Derivatives where liabilities are magnified by the allowance of fractional lending i.e. you must have 10% of the sum in hand. The rehypothecation of assets is another form of dishonesty creating a banking system of swiss cheese. The mess is going to come crashing down soon.

26 posted on 12/31/2023 11:37:49 AM PST by Myrddin
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a

“$632,195 share per citizen of unfunded liabilties”

When you owe that much money there is no point in cutting spending.

Broke is broke...so you might as well partee!


27 posted on 12/31/2023 11:40:43 AM PST by cgbg ("Our democracy" = Their Kleptocracy)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a

Burn, Baby, Burn....Fiscal Inferno....Burn, Baby, Burn, burn that mother down.....


34 posted on 12/31/2023 9:17:09 PM PST by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaiser8408a
I have not researched the interest payment schedule for the national debt, but I can only surmise that our interest-only debt payments are going to go from about $700 billion to triple that in a few years as the short term debt instruments come due and interest rates have significantly risen. If so, we will be adding over $2 trillion each year to our debt as we borrow to make those payments.

The US Debt Clock has our national debt at $45 trillion in 2028, up from the current $35 trillion. I think they are low. We'll get to that higher figure just from the interest rates increasing.

Robbing Peter to pay Paul.

36 posted on 01/01/2024 7:23:07 AM PST by CodeToad (Rule #1: The elites want you dead.)
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson