Skip to comments.
The federal deficit is now out of control
The Washington Examiner ^
| 26 Sept 2022
| James Rogan
Posted on 09/26/2022 6:33:36 PM PDT by anthropocene_x
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-49 next last
To: anthropocene_x
2
posted on
09/26/2022 6:34:37 PM PDT
by
lgjhn23
(Pray for America....)
To: anthropocene_x
The United States is hemorrhaging debt.
It's okay. We'll just print more money.
To: anthropocene_x
The CBO projects that federal deficits over the period 2022-2052 will average 7.3% of GDP.
This is laughable. The United States will not be around in 2052 and will have already defaulted.
To: anthropocene_x
So is the Money Supply from printing $$$$$$$$$
To: anthropocene_x
Bond markets puked. What are bonds? Debt.
The world is in the largest financial bubble in history.
To: anthropocene_x
My whole adult life I have been saying this.
7
posted on
09/26/2022 6:41:11 PM PDT
by
Rurudyne
(Standup Philosopher)
To: tired&retired
To: Right_Wing_Madman
The plan is to hyper inflate our way out of this. Who cares if it destroys everybody’s savings and quality of life?
9
posted on
09/26/2022 6:41:49 PM PDT
by
HYPOCRACY
(This is the dystopian future we've been waiting for!)
To: anthropocene_x
”Starting now!”
10
posted on
09/26/2022 6:42:27 PM PDT
by
gundog
( It was a bright cold day in April, and the clocks were striking thirteen. )
To: anthropocene_x
11
posted on
09/26/2022 6:43:38 PM PDT
by
cowboyusa
(America Cowboy up!)
To: packagingguy
You are correct, and the fallout will be horrendous beyond comprehension when this bubble explodes.
Like never before seen.
Amazing times!
12
posted on
09/26/2022 6:45:02 PM PDT
by
Roman_War_Criminal
(Jesus + Something = Nothing ; Jesus + Nothing = Everything )
To: HYPOCRACY
The plan is to hyper inflate our way out of this. Who cares if it destroys everybody’s savings and quality of life?Yep. So we'll be like Argentina.
To: anthropocene_x
When was it ever in control?
14
posted on
09/26/2022 6:48:41 PM PDT
by
Jim Robinson
(Resistance to tyranny is obedience to God.)
To: MinorityRepublican
Or Zimbabwe. Get ready for some $100,000,000,000,000 notes with Brandon’s drooling face on em.
15
posted on
09/26/2022 6:52:37 PM PDT
by
HYPOCRACY
(This is the dystopian future we've been waiting for!)
To: Right_Wing_Madman
They can print but then it adds to national debt.
National debt has serciving cost (interest paid).
When interest rates go on 10 year bonds from 2% (last year’s rate) to 4% (current rate) the cost for issuing bonds doubles.
16
posted on
09/26/2022 6:52:51 PM PDT
by
entropy12
(Trump & MAGA are the only road to kep USA viable.)
To: entropy12
But the debt becomes worthless if the currency is worthless within the 10 years. Debt is just delayed payments for money printing.
17
posted on
09/26/2022 6:56:11 PM PDT
by
HYPOCRACY
(This is the dystopian future we've been waiting for!)
To: Jim Robinson
Yes. Andrew Jackson completly retired the Debt in 1835. A great American.
18
posted on
09/26/2022 6:59:55 PM PDT
by
cowboyusa
(America Cowboy up!)
To: HYPOCRACY
If the currency becomes worthless, you won’t be able to buy simple necessities with your wages. Don’t be under the delusion that worthless currency is no big deal. Read about Germany during Weimar.
19
posted on
09/26/2022 7:03:05 PM PDT
by
entropy12
(Trump & MAGA are the only road to kep USA viable.)
To: HYPOCRACY
It may end up destroying "savings and quality of life" that we couldn't afford in the first place.
I've long suspected that this is the real reason why there is such a unified push for open borders in government and industry in the U.S. We need a massive influx of people whose expectations for their standard of living are so low that they won't mind paying off the $30+ trillion of debt that has accumulated before they arrived here.
Something else to consider here is that even with rising interest rates, the yield on a 1-year Treasury bill is still less than half of the reported rate of inflation in the U.S. Someone is taking a bath on this, and it isn't the U.S. taxpayer.
20
posted on
09/26/2022 7:13:40 PM PDT
by
Alberta's Child
("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-49 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson