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1 posted on 05/14/2024 7:22:11 AM PDT by RomanSoldier19
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To: RomanSoldier19

Maybe Biden will forgive more debt. That should help.


2 posted on 05/14/2024 7:23:08 AM PDT by ActresponsiblyinVA
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To: RomanSoldier19

Kudos to left-wing MW for posting this. Of course, because it’s truth they have to call it “opinion”.


3 posted on 05/14/2024 7:24:17 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: RomanSoldier19

This is the national death-cross. If we can’t pull out of this nose dive, we’ll be WORSE than the Weimar Republic or post-white Zimbabwe.


4 posted on 05/14/2024 7:29:11 AM PDT by DCBryan1 (Inter arma enim silent leges! - Cicero )
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To: RomanSoldier19

Ain’t life grand. The younger generations have to find ways
to survive. Us old grunts have about used up our time.


5 posted on 05/14/2024 7:30:19 AM PDT by deport
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To: RomanSoldier19

At some point the US government will restructure the debt, default on part of it, or simply print money to retire it.
None of the options are really meaningful since the federal government will still run massive deficits.


6 posted on 05/14/2024 7:33:08 AM PDT by Maine Mariner
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To: RomanSoldier19

I’d be planning a massive sale, to American interets, of tons of “Federal” lands, with 100% of the proceeds NOT to be spent but to go directly to paying down some of the debt.


8 posted on 05/14/2024 7:39:15 AM PDT by Wuli
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To: RomanSoldier19

Take yer pick (more than one answer may be correct).

A. The United States will default on its debt.
B. Congress will raise taxes to pay the debt.
C. The Fed will hyperinflate its way out of the problem. Pay the debt with worthless paper.

Notice there is no “cut spending” option. Even Trump didn’t care about the deficit. So the wild spending will continue no matter who wins in November.

My fearless prediction: B, then C.


9 posted on 05/14/2024 7:41:02 AM PDT by Leaning Right (The steal is real.)
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To: RomanSoldier19

I’ll admit to not being an expert on the money supply, etc., but I actually thought the whole system would’ve collapsed by now.


12 posted on 05/14/2024 7:46:54 AM PDT by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
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To: RomanSoldier19

Paying interest to the well connected friends of the administration for money that is given away or spent foolishly is just another way of stealing from taxpayers.

How much of the borrowed money and the interst paid manages to trickle back down to end up in the pockets and bank accounts of the crooked, irresponsible politicians
who toss millions and billions of taxpayer dollars around like confetti?


15 posted on 05/14/2024 8:00:55 AM PDT by Iron Munro ( Islamophobia - a word created by fascists, used by cowards, to manipulate morons)
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To: RomanSoldier19; 4everontheRight; 4Liberty; 5thGenTexan; 45semi; 101stAirborneVet; 300winmag; ...
Prepper Ping - As a Nation , we are now a debtor nation and its only getting worse
We have to control the current administrations spending, or risk insolvency in the near future
We can't even keep up with the interest payments, alone, much less reducing the principle debt

(From the article):”Interest payments on the ballooning national debt have now for the first time exceeded every other individual item in the budget except Social Security.
Debt interest through the first seven months of this fiscal year has just topped $500 billion, reports the U.S. Treasury
— about $4,000 for every household in the country. “

Repeat: This is just the interest. (Emphasis mine)
Think of the national debt as an interest-only mortgage.
Or, better still, as a negative amortization loan, where the bill just keeps getting bigger year after year.”

”That interest bill was bigger than the entire Medicare budget
— a “mere” $465 billion
— through the same seven months.
It was even bigger than everything we spent on national defense.”

17 posted on 05/14/2024 8:09:16 AM PDT by Tilted Irish Kilt
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To: RomanSoldier19

Do not get me started on our Government’s mis management of this country. Most of them should be hanged.


18 posted on 05/14/2024 8:10:36 AM PDT by Chgogal (To paraphrase Biden: You vote Democrat? You ain't smart.)
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To: RomanSoldier19

yep.


20 posted on 05/14/2024 8:39:21 AM PDT by sauropod ("This is a time when people reveal themselves for who they are." James O'Keefe Ne supra crepidam)
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