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I was told recently by another FRer that focusing on economics was the wrong way to go but I have to disagree, the Debt per Citizen hit $85,000 this morning and the Debt / GDP ratio is now at 127.9%. The Debt is $28 Trillion now, when the Tea Party was formed in 2009 it was just $9 Trillion. The Debt / GDP ratio is predicted to reach 192% when Joe leaves office in 2025.
1 posted on 05/25/2021 8:09:48 AM PDT by Sparky1776
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To: Sparky1776

Interesting to note if you’re a taxpayer it’s $225,000 each.


2 posted on 05/25/2021 8:10:40 AM PDT by Sparky1776
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To: Sparky1776

No worries. Money grows like Kudzu vine. Chuck Schumer knows.


3 posted on 05/25/2021 8:11:39 AM PDT by BrexitBen
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To: Sparky1776
Don't matter. Won't be paying back a plug nickle of it.

We haven't and don't pay back ANY principle, only interest. And, we only borrow more.

4 posted on 05/25/2021 8:12:30 AM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both)
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To: Sparky1776

You need to scroll down to look at the US UNFUNDED LIABILITIES and take note of the liability per citizen.

We are screwed. But all the politicians will be OK.


5 posted on 05/25/2021 8:13:14 AM PDT by Starboard
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To: Sparky1776

the only way out are really high tariffs and 100% self reliance for EVERYTHING.


6 posted on 05/25/2021 8:13:37 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Sparky1776

The US debt has grown far beyond what I expected was ever possible. The money is never getting paid back, but what will be the consequences?

Hyper-inflation, world war or dollar devaluation? This is one hell of a crack high and maybe the laws of economics don’t matter anymore, but I still contend this has to correct at some point.


8 posted on 05/25/2021 8:16:59 AM PDT by SlipperySlope99
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To: Sparky1776

It would be most helpful if the press replaced the word “spend” with the phrase “increase the debt by” when reporting government programs.

As in:

Biden wants to spend $10 billion to set up a Civilian Climate Corps.

becomes

Biden wants to increase the debt by $10 billion to set up a Civilian Climate Corps.


12 posted on 05/25/2021 8:28:00 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition. )
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To: Sparky1776

Good thing we’re now sending out $300 per child under 6 and $250 for each 6-18.

The breeder baby mamas will never let go of that without a war. We’re paying for bad behavior. Hard working class people put off having children because they’re trying to provide for their families and the welfare sponges.

Mitt Romney was proposing this bs several months before the dems passed it. So it’s the RINOs too that burdened us with that debt. I see little hope of reversing the path we’re on. The dems/libs/RINOs/deep-state are going to win. We will have socialism because they’re breaking our system.


13 posted on 05/25/2021 8:30:05 AM PDT by boycott
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To: Sparky1776

Hi.

I say we cut the national debt by $1 trillion.

How?

Well the Chicoms released a deadly virus on the world that killed people and shut down world economies.

Cancel ALL of their U.S. Treasury holdings. Tomorrow.

5.56mm


15 posted on 05/25/2021 8:46:06 AM PDT by M Kehoe (Quid Pro Joe and the Ho need to go.)
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To: Sparky1776

And heck...according to Joe...what’s another 6 or 8 Trillion?


22 posted on 05/25/2021 9:46:45 AM PDT by antidemoncrat (somRead more at: https://economicti)
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To: Sparky1776
I haven't updated it in a while, but you might be interested in my National Debt pages. Lots of charts. (no cookies, trackers, or other stuff)
23 posted on 05/25/2021 10:16:38 AM PDT by zeugma (Stop deluding yourself that America is still a free country.)
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To: Sparky1776

Wait, now all of a sudden peeps giving a sh*t about the National debt?


25 posted on 05/25/2021 1:21:43 PM PDT by cranked
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