Posted on 08/17/2024 10:57:40 AM PDT by ChicagoConservative27
Some of the ways I feel myself aging are obvious. Half of my hairs are white now. I can’t stay up past midnight. I hate loud restaurants and bars. I feel a deep urge to read long biographies of generals.
But other signs of aging are subtler. For example: I am now worried about the US budget deficit.
Coming of age as an economics reporter in the 2010s, there was no clearer generational divide than the one about government debt. Older reporters, who came of age during the exploding deficits of the 1980s and the balanced budget battles of the 1990s, tended to view deficits as obviously bad, and any cases for deficit spending — federal spending financed by borrowed money, rather than taxes — as the excuses of cowardly politicians.
(Excerpt) Read more at vox.com ...
Great. They’re going to start pushing for nationalization. sigh
What? The IOUs aren’t working any more?
Thanks for finally turning my stuff on again way late freaking lying admin who is so easily triggered.
I Nearly threw this place in the garbage can
Way freaking late
Way freaking late
Of course deficit spending will now be blamed on middle class savers. The price they will pay is higher taxes. More narrative creation for fools.
And I’m one of those people who will go to end of the earth for conservative principles and too old to care what people think of me. So stop crapping on my free speech and grow a spine
When are DemoKKKrats NOT pushing for nationalization - of everything?
I think I should report the admin for abuse and manipulation by sorry ass Karens
On election day the debt will be $36T.
About 8T of that is the Fed’s QE residual. Those bonds have the interest paid to them refunded.
About 8T is foreign owned. Japan, China, et al.
The remaining $20T is money borrowed from the US populace, usually from institutions like pension funds and mutual funds.
The composite interest rate on the $28T that collects interest is 3.2%, and rising. In past years there were 0% rates. Now the rates are pushing 5% on the short end and 4% on the long end. So every day as paper matures and gets rolled over, that 3.2% rises.
Be sure you understand this. $28T X 0.32 = 900B (its over $1T but the Fed refunds the QE interest). By election day it will be explicitly $1T.
Just in interest.
There is no fix for this. Forget jumping up with conservative ideology fixes like tax cuts and other claptrap. There is no fix for $36T and growing.
Politics will announce what can spending can be cut. You go ahead and cut that. All . . . $30B of it. Pocket change, at most.
There is no fix for this.
Buy farmland. Preferably in Brazil where they have 3 growing seasons a year.
It would be the very first time I reported abuse against anyone Do you have any idea the kind of abuse and name calling I’ve endured on this so called Christian conservative site for years and years?!
Never reported abuse till now.
Against the freaking so called fee republic admin
lol
Thanks for listening somebody has to say it. Don’t be so easily triggered
> There is no fix for this. <
Well, there is no good fix for it. The US will not default on its debt. So the only way out is hyperinflation. Pay off real money with worthless printing press paper. Kinda like what the Weimar Republic did.
The only question is when we will go full Weimar. If I had to guess, I’d guess in about 15 or 20 years. Our worthless politicians will be able to kick the can down the road until then.
I use 'Climate Change' as a propaganda source detector. The moment I read it in any article I know instantly that the source is compromised and anything it says is suspect.
If you remove everything that some silly ass Karen doesn’t like there won’t be anything left except POLITICAL CORRECT libtard crap
When I refer to Arnold as the ape he is that’s fine. But if I refer to Lebron as the same Oh my gosh let’s all get triggered. lol stupid
That means You’re racist against *White* people
NYou need to think to think about that
And suddenly, just like that, the liberals were concerned about budget deficits…
We have to much government. We have to much government waste. We have to many government pensions. We have to much government spending. We have to many that pay no Federal Taxes, many of which get federal money.
Frankly, we just don’t have enough taxpayers for this nonsensical government. We need to do the Argentina thing, cut about 2/3 of FedGov. Return power to the states,
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