Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863195
05/04/20 04:11 PM
05/04/20 04:11 PM
|
Joined: May 2012
Posts: 5,895 michigan,USA
seniortrap
trapper
|
trapper
Joined: May 2012
Posts: 5,895
michigan,USA
|
We have headed down the slippery slope that's greased with our money.
Vietnam--1967 46th. Const./Combat Engineers
"Chaotic action is preferable to orderly inaction." "After the first shot, all plans go out the window!"
|
|
|
Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863198
05/04/20 04:16 PM
05/04/20 04:16 PM
|
Joined: May 2010
Posts: 10,421 mn north of blakely
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,421
mn north of blakely
|
How do you think the recovery under the Obama administration was financed?
The FED will finance it through money creation. The Chinese own less than 10 percent of out debt, slightly more than the Japanese.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863207
05/04/20 04:51 PM
05/04/20 04:51 PM
|
Joined: Dec 2006
Posts: 21,539 Sandhills Nebraska
Gary Benson
trapper
|
trapper
Joined: Dec 2006
Posts: 21,539
Sandhills Nebraska
|
There was never a plan to pay off the 20some trillion before, nor after. Nobody knows how much money a trillion dollars is. Orange man bad.
Life ain't supposed to be easy.
|
|
|
Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863225
05/04/20 05:37 PM
05/04/20 05:37 PM
|
Joined: Dec 2012
Posts: 6,501 Wi.
Diggerman
trapper
|
trapper
Joined: Dec 2012
Posts: 6,501
Wi.
|
What a mess and no plan on how to ever pay it off. Not sure who is going to float our loans anymore. China owns a bunch of our debt and things are not going good with them now. Potus talking more tariffs against them. I would rather be dealing with the great depression this situation is a mess. Can you explain exactly how this is affecting you, not how someone told you, but some real everyday examples, or are you just another "the skys falling" cause someone told you or you read it on the internet kinda guy?
|
|
|
Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863302
05/04/20 06:59 PM
05/04/20 06:59 PM
|
Joined: Dec 2010
Posts: 11,135 Armpit, ak
Dirt
trapper
|
trapper
Joined: Dec 2010
Posts: 11,135
Armpit, ak
|
"But while we are waiting, the Congressional Budget Office has announced that this year’s (2019's) budget deficit will top $960 billion, $63 billion more than predicted in May of this year. And next year’s deficit will almost certainly exceed it. After that, the era of trillion-dollar deficits is here to stay. By 2029, CBO reports our $22 trillion national debt will top around $34 trillion." Another Carnac moment like the year 2000 10 Trillion dollar surplus prediction. LOL If deficet spending creates the best economy in the history of the world, this year's economy should be a doozy.
Who is John Galt?
|
|
|
Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863327
05/04/20 07:23 PM
05/04/20 07:23 PM
|
Joined: Aug 2011
Posts: 45,271 james bay frontierOnt.
Boco
trapper
|
trapper
Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
|
Another world war will be like pushing the re-set button again.
Forget that fear of gravity-get a little savagery in your life.
|
|
|
Re: Another 3 Trillion this quarter!
[Re: Diggerman]
#6863334
05/04/20 07:33 PM
05/04/20 07:33 PM
|
Joined: Mar 2010
Posts: 5,922 2A Sanctuaries-W. OK & N. NM
Blaine County
trapper
|
trapper
Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
|
What a mess and no plan on how to ever pay it off. Not sure who is going to float our loans anymore. China owns a bunch of our debt and things are not going good with them now. Potus talking more tariffs against them. I would rather be dealing with the great depression this situation is a mess. Can you explain exactly how this is affecting you, not how someone told you, but some real everyday examples, or are you just another "the skys falling" cause someone told you or you read it on the internet kinda guy? Do you understand that debt has to be serviced? That is done with my tax dollars. The Federal Government affects me everyday by ripping me off.
|
|
|
Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863387
05/04/20 08:34 PM
05/04/20 08:34 PM
|
Joined: May 2010
Posts: 10,421 mn north of blakely
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,421
mn north of blakely
|
If I recall the corporations that were bailed out paid it and I don't recall this much being borrowed. Not sure after this anyone in the world is going to want to be lending money. Your recollection isn't the best. The program you are referring to was called TARP and was passed under the tail end of the Bush administration. Then under Obama we had the American Recovery and Reinvestment Act which was a stimulus and the biggies QE 1, 2, 3 and artificially low interest rates.
Last edited by Steven 49er; 05/04/20 08:38 PM.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Another 3 Trillion this quarter!
[Re: Donnersurvivor]
#6863436
05/04/20 09:22 PM
05/04/20 09:22 PM
|
Joined: Dec 2018
Posts: 5,214 Crivitz WI
Sprung & Rusty
trapper
|
trapper
Joined: Dec 2018
Posts: 5,214
Crivitz WI
|
Spending the next generations future, completely immoral. This is the least of their problems to be honest.
No Jab.
|
|
|
Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863458
05/04/20 09:43 PM
05/04/20 09:43 PM
|
Joined: Mar 2013
Posts: 16,988 Fredonia, PA.
Finster
trapper
|
trapper
Joined: Mar 2013
Posts: 16,988
Fredonia, PA.
|
Best thing we can do at this point is let the country get back to work and stop this pandemic hoax and foolishness.
I BELIEVE IN MY GOD, MY COUNTRY AND IN MYSELF.
|
|
|
Re: Another 3 Trillion this quarter!
[Re: danvee]
#6863498
05/04/20 10:15 PM
05/04/20 10:15 PM
|
Joined: Dec 2006
Posts: 21,539 Sandhills Nebraska
Gary Benson
trapper
|
trapper
Joined: Dec 2006
Posts: 21,539
Sandhills Nebraska
|
All I know is debt has to be paid one way or another be it more tax, war, inflation, weak dollar and chaos its coming and no don't have to read it, its common sense. The debt will never be paid and hasn't for the past $23 trillion or so. There isn't enough money in the country to pay it off.
Life ain't supposed to be easy.
|
|
|
|
|