[Bishop_Malachi]

Sorry, but the US is not insolvent. This kind of nonsense has deluded conservatives for too long. It’s gotta stop. There are bigger issues than this stuff. There are so many other issues that deserve center stage other than this phony, Chamber of Commerce “issue”.

[Lonesome in Massachussets]

The best advice anyone ever gave me was, “Avoid debt”. Sometimes I think I live like a miser, but I am both personally frugal and generous to family.

[alloysteel]

But what a hell of a toboggan ride to the bottom!

[JSM_Liberty]

“Our leaders in Washington could try to reverse course by balancing the budget, but that would lead to a short-term economic disaster.
Just think about it. What do you think would happen if a couple trillion dollars of government spending was suddenly sucked out of the economy?
We would immediately plunge into a horrifying economic depression.”

At least he is honest about what a balanced budget would do in the short term.

[dynachrome]

“CEO Sundar Pichai”

“Google’s search boss Prabhakar Raghavan”

Making room for more fellow countrymen?

[cuban leaf]

It’s not just the us. It is civilization as we know it.

[Brian Griffin]

The US government borrows money from the Federal Reserve, which has computers that conjure it up.

The real impact is on the inflation they are generating. They are trying to minimize the burden of 3% debt by creating 7% to 10% inflation.

Anybody that has money in a CD or savings account is getting cheated out the value of their savings.

The main alternative is to buy stock in companies, most of which are still overvalued.

[ROCKLOBSTER]

The United States Is Insolvent

In other breaking news: Sun unexpectedly rises in the East.

[rktman]

Join the club U.S........... Thanks pols.

[mjp]

Large national debt can be a problem because it represents a claim on the future income of the country, which can lead to inflation and a decrease in the standard of living for citizens. Additionally, a high national debt can also discourage foreign investment and lead to higher interest rates for both the government and private citizens.

In the words of George Reisman, the author of "Capitalism", "A large national debt is a burden on the economy that can lead to inflation, decreased standard of living, and a lack of foreign investment. It also puts a strain on the government's ability to fund necessary programs and can lead to higher interest rates for both the government and private citizens."

[Levy78]

Nothin’ a little WW3 won’t take care of

[pierrem15]

We might be insolvent if there were a crisis in confidence about the US' ability to pay its debts.

But since everyone else is in hock up their eyeballs like us, that doesn't happen.

[eyeamok]

the only way we can keep the entire system from collapsing is to keep borrowing even more money

Which is exactly how the Federal Reserve Corporation was designed to function. Just wait until BRICS goes into full swing and completely destroys the Fiat Dollar

[Brian Griffin]

The Federal Reserve can always conjure up the cash electronically, so we will never be insolvent.

However we are long past the point where the debt can be repaid in honest funds that have at least the buying power of the funds actually borrowed.

The federal government has to cheat the people and governments it borrows from out of generally increasing percentages of the value of their money lent out.

When people and governments are cheated out of trillions of dollars of buying power there are likely to be severe consequences.

[SamAdams76]

Unfortunately many Americans don't think this is a big deal. They expect the government will just keep on printing money like they always have been. The COVID relief money set a very bad precedent. People now think it is the government's job to supply the citizens with money. It was a foolish thing to do. My income precluded me from receiving all but the very first check that came out in 2020. I had no need for that money whatsoever. When it showed up in my bank account one morning, I just transferred it to my savings account, where it still sits today, losing value by the way due to inflation, but I always try to keep a five figure sum in savings in case of emergency. At that point during the COVID nonsense, I was saving more money than ever, due to fact that restaurants and other public places were requiring those silly masks, so I just stayed home every night watching my bank account grow.

Then the government sends me a chunk of money for no good reason and for doing absolutely nothing? Sure, I guess I could have sent it back on principle, but for what, so that the government could then use it to pay for some convicted murderer's sex change or some stupid study on the effects of adding raisins to the diet of sea gulls? So I stuck the money I didn't need into a savings account.

When the U.S. debt hit just one trillion some time back, I remember all the doomsayers saying that this was the end, that there was no way we would ever pay all that money off. Remember that? That was back around 1981 just after Reagan took office.

I bet you we hit $100 trillion within the next twenty years. At some point, the house of cards must fall so the doomsayers will eventually be correct.

Now if the U.S. is forced to default on their debt, the effect will be felt by the citizens in terms of skyrocketing interest rates (on debt), stock market crashes and whatnot. Those who depend on government money for their existence (Welfare, SSA, etc.) are totally screwed.

The politicians are just kicking the can down the road as much as they can, so tough decisions do not have to be made on their watch. They are playing a game of musical chairs, hoping they are not the ones without a chair when the music stops.

[Hostage]

> "We are so deep in debt that the only way we can keep the entire system from collapsing is to keep borrowing even more money."

This is the SENTIMENT, the "WE ARE DOOMED" variant.

The real threat is not debt. The real threat is election rigging.
If we unite to fight and win to secure our elections, then we can unite to fix our country.

With secure elections, we can put Donald Trump back in office. Here's an example how President Trump can fix our country and make it great again:

I. THE PROBLEM: The NWO China Model Global Reset effects are:

1. Depopulate
2. Vaccine passports
3. Own nothing
4. Eat bugs
5. Rig elections
6. Digitize fiat currency
7. Basic needs by social score
8. Allot privileges by social score

II. A SOLUTION: New American solutions are:

1. Debt Reduction
a. Determine amount of "feedback debt" (FD)*
b. Suspend FD and execute full deletion
2. Constitutional Amendments
a. Repeal the 16th
b. Repeal the 17th
c. Gold standard Amendment
d. Preeminence of Treasury*
e. Election Standards
(i) State voter rolls
(ii) Voter registrations
f. Election Integrity
(i) Felony consequences for vote fraud
(ii) Felony consequences for election rigging
(iii) Preeminence of Sheriffs*
3. Technology service
a. Compulsory AI Ethics training
b. Manhattan Project for AI robotics (AIR)
c. Promote AIR to revamp supply chains
d. Feed-care for truly needy using AIR supply
e. Balance federal workforce with AIR
4. Education and Training
a. Ideological implementations
(i) Ideology debates (e.g. CRT)
(ii) Supremacy of parental authorities
(iii) Measurable to State Constitutions*
b. Military training
(i) Return to old school standards of sternness and discipline
(ii) Compulsory 2-year military service
(iii) Vet transition camps

Notes:
1. (1a) FD defined as any borrowed debt from existing Federal Reserve source subsequently loaned to US Treasury.
2. (2d) Preeminence of Treasury defined as no lending source to exist above the US Treasury, i.e. Treasury may not borrow or receive borrowed funds.
3. (2f)(iii) Preeminence of Sheriffs - State County Sheriffs are sole enforcers under this section.
4. (4a)(iii) All matters of education measured by comport with respective State Constitutions.

THE ABOVE AMERICAN LIST IS NOT REALIZABLE UNTIL THE ELECTION SYSTEM IS INVESTIGATED AND FRAUD PERPETRATORS ARE BROUGHT TO JUSTICE. THEREFORE, PROPOSED AMERICAN SOLUTIONS ARE SECONDARY TO ELECTION REFORM.

[Brian Griffin]

EMTALA abuse is paid for under Medicare.

We can cut Medicare costs by cutting EMTALA abuse.

Allow hospitals to get $100 upfront starting in 2024.

Allow hospitals to get $200 upfront starting in 2025.

The Bling Pawnshop is open 24/7/365.

[CapnJack]

Can’t the Treasury just mint a $10 Trillion or $100 Trillion coin and we would be all set! Good times again! /sarc

[krug]

Definitely not an economist but how can 31 trillion benefit anything. How is this paid.

[DouglasKC]

And the economic pain that we will experience in 2023 will be just the beginning, because the entire system is starting to come down all around us

Yup. Well on the way. Weird shortages. Systemic supply line issues. Chronic hiring issues. We are fast becoming like the soviet union we mocked in the 80s. I'm guessing a decade or less until complete collapse.