Posted on 06/18/2024 1:52:07 PM PDT by george76
President Trump needs to ask this question at every rally, commercial and interview.. ask it of Mike, Nanzi, ChuckU and Team Mitch. It is time we got to the bottom of this.
How much do you think we could get if we sold all of the Leftists to China?
Let’s say you have a mortgage loan and credit card debts. But you spend or throw away money left and right (our gov’t throws it to the left). So… your credit card gets maxed out and you take additional equity loans against your house. Soon you lose your house, and go bankrupt.
The difference with this administration, is that they’re bankrupting our nation by spending your kids money. And your kids will have nothing when they grow up. No Social Security, no Medicare, no welfare, no student loans, no homes, no military, nothing. Goodbye USA, it was nice while it lasted.
Or think of what our international lenders will do if we try to (default) skip out on our debt.
“Hey America … we’ll tear up your borrowing note … if you give us Hawaii.”
Social Security will be bankrupt by 2033.. Medicare not far behind.
https://freerepublic.com/focus/f-news/4125568/posts
Oh well. 🤷♂️
Old people vote in higher numbers than any other group. Proposing cuts to their Social Security and Medicare benefits won’t do anything but lose elections.
“It will never be paid down! NEVER.”
The American people are not going to pay the debt. Not in a million years. They are not even going to try.
The right answer is to repudiate the debt and start over from scratch with a “New Dollar” backed by gold and oil. And maybe wheat.
“It will never be paid down! NEVER.”
The American people are not going to pay the debt. Not in a million years. They are not even going to try.
The right answer is to repudiate the debt and start over from scratch with a “New Dollar” backed by gold and oil. And maybe wheat.
Suppose we get on the new American Dollar, many Americans won't have access to Social Security and Medicare. We're talking about millions here.
For perspective, we owe more than double the combined value of ALL of the gold (not counting what has not yet been mined) in the world.
We owe 35 trillion dollars, and there are about 15 trillion dollars worth of gold.
The value of all natural resources in the US is around 50 trillion dollars. The market capitalization of all listed US businesses is about the same.
We are carrying an insane amount of debt, and government spending and inefficiency are out of control.
I wonder if the majority of our national politicians are in on the takedown of America. Are they looking forward to gaining the kind of unbridled power they got a taste of during the COVID lockdowns? Are they hoping to kill tens of millions of Americans through financial ruin? Because that seems more and more likely.
The U.S. federal debt is rising by $1 trillion about every 100 days.. then the states and local debt over 211 Trillion = unfunded liabilities.
https://freerepublic.com/focus/news/4221193/posts
The Soviet Union.
Those government payments would be in the New Dollar.
Those bonds you’re holding...that savings account...worthless. Or they COULD be traded for the new dollar at 50% or so.
But only for US citizens and registered US companies.
still waiting for my stimulus check....
my husband the same...
of course their millionaires...
I would guess that everyone will get 1/3 of what they were receiving. So our economy will shrink. But the transition may be rough, especially if you depend on Social Security and Medicare to survive. But if we handle it right, it'll take five years to adjust to the "new normal".
I would guess that everyone will get 1/3 of what they were receiving. So our economy will shrink. But the transition may be rough, especially if you depend on Social Security and Medicare to survive. But if we handle it right, it'll take five years to adjust to the "new normal".
Oops, correct. My bad.
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