Posted on 01/04/2023 7:22:15 PM PST by Enlightened1
Rep. Dan Crenshaw on the 20 Republicans who oppose McCarthy:
"We cannot let the terrorists win."
https://twitter.com/greg_price11/status/1610744445917401118
I’ve been told my entire life that we are driving ourselves toward ruin and yet, our debt just keeps climbing, with no real consequence. At this point I’m 49 years old. I’d bet that I’ll be dead and gone and this debt will be sky high with not a damn thing changing.
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The Federal Debt should never be a concern because unlike your personal finances, it is out of your control.
Now about those Federal Debt mouthpieces that have been complaining, lecturing, scare mongering, pretending they’re economic geniuses & pontificating your whole life about the dangerous Federal Debt:
“They’re stupid people that are full of shit.”
When the Federal Debt was paid off in 1835 or 1836, the Panic of 1837 followed with about 7 years of a deflationary economy.
When Civil War Debt was being liquidated we entered a deflationary period between 1873-1893.
When WW1 debt was cut by a third over a decade, we entered the deflationary 1920’s & 1930’s.
Don’t listen to the hype just live your life and carry on.
He’s the classic example of a guy who says one thing while trying to get elected then after getting elected he becomes just another swamp creature.
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I wish I had a dollar every time that happened to a DC politician.
I’d be very wealthy.
What was the debt service delta between those timelines and today?
Even some of Crenshaw’s most rabid supporters from the past want nothing to do with him now.
He’s the classic example of a guy who says one thing while trying to get elected then after getting elected he becomes just another swamp creature.
That’s why I said in another post he needs to be primaried ASAP......what a jerk!!!
The eye wound apparently goes all the way to the back of his scull.
Skull
/-)
( at least I know when I’ve made a mistake /-)
At some point, 100% of our taxes go to paying the INTEREST on the debt. Our creditors require higher and higher interest rates to induce them to purchase our very risky debt. You get into a death spiral where you cannot raise rates high enough to incentivize the needed investment in the USA.
It WILL implode. It is not sustainable. We are getting close.
It’s ironic because these people bandy “sustainable” around at every opportunity.
WTH!!~!............Crane’s gone nuts
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I guess it’s just an annual mistake that none of those Trillions go to Conservative causes and Orgs.
They just build out and beef up the Dem Bureaucracy and all the progressives posing as non-profits and financing the Woke soldiers.
Not a penny to the Wall.
The Deep state is funded to the Teeth - unlike any time in history.
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Excellent Description!
It’s crazy thinking to think we can go on like this
Another worthless RINO.
This dickhead has no excuse for calling us that. He was in a war and knows what he is saying. This Schwab fluffer will never get a vote from me... ever.
“I’m tired of your stupid platitudes that some consultant told you to say on the campaign trail, alright. Behind closed doors tell us what you actually want, or shut the f*** up,” he said of the holdouts”
My little Danny, you seem like you are letting your emotions get the best of you. Learn that in the SEALs did ya?
Nice!
ter·ror·ist
noun
a person who uses unlawful violence and intimidation, especially against civilians, in the pursuit of political aims.
+++++++
Words have meanings, and not even a high and mighty Congressman gets to change them.
The good that is coming out of this is assistant Democrats are falling over each other to make it known they are part of the uni-Party.
He talks to his fellow GOP with that kind of disrespect?
That sounds frantic and desperate.
Settle down, Dan. Take a deep slow breath, then have another slice of avocado on that almond buttered toast. You’ll feel like a new man.
Uniparty speaks blatantly.
To h3ll with them all.
What was the debt service delta between those timelines and today?
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I’m not sure which of my posts you’re talking about.
My assumption is the one on US Federal Debt history & deflation.
I can’t answer your question because the “debt service delta” terminology is an unfamiliar one.
Our Federal debt records go back to the founding of our nation and are still being recorded with every Monthly Treasury Statement.
One of the most important and undervalued aspects of our Constitution that doesn’t get talked about is a section in Article 6 on debt.
“All debts contracted and Engagements entered into, before the Adoption of this Constitution, shall be as valid against the United States under this Constitution, as under the Confederation.”
This doesn’t seem like much....meh...but it tells me a lot:
The United States, no matter the name or time period is a producer nation that pays the debts and obligations it owes.
At some point, 100% of our taxes go to paying the INTEREST on the debt.
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But the Fed. Government can can also borrow from the Federal Reserve Bank to pay interest on the debt too. The Fed has never said “no”, and no Fed Chairman would ever be appointed who would say “no”. These contingents have been planned for and taken care of long ago. That affectively means the government only has to worry about inflation. One could add that they also have to worry about devaluing the dollar to the extent that no one would want it, but we are still light years from that scenario. When you have an internationally valued currency, that gives your government a lot of wiggle room to abuse its value. That’s why no one in either party seriously loses sleep at night when they pass huge spending bills over and over again.
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