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Another 3 Trillion this quarter! #6863167
05/04/20 03:20 PM
05/04/20 03:20 PM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline OP
trapper
danvee  Offline OP
trapper
D

Joined: Mar 2010
Posts: 3,035
wyoming southeast
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.

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
S
seniortrap Offline
trapper
seniortrap  Offline
trapper
S

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
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

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
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

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] #6863215
05/04/20 05:12 PM
05/04/20 05:12 PM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline OP
trapper
danvee  Offline OP
trapper
D

Joined: Mar 2010
Posts: 3,035
wyoming southeast
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.

Re: Another 3 Trillion this quarter! [Re: danvee] #6863218
05/04/20 05:15 PM
05/04/20 05:15 PM
Joined: Jan 2018
Posts: 4,528
MN
D
Donnersurvivor Offline
trapper
Donnersurvivor  Offline
trapper
D

Joined: Jan 2018
Posts: 4,528
MN
Spending the next generations future, completely immoral.

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.
D
Diggerman Offline
trapper
Diggerman  Offline
trapper
D

Joined: Dec 2012
Posts: 6,501
Wi.
Originally Posted by danvee
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
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

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. laugh


Who is John Galt?
Re: Another 3 Trillion this quarter! [Re: danvee] #6863306
05/04/20 07:01 PM
05/04/20 07:01 PM
Joined: Dec 2006
Posts: 21,539
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,539
Sandhills Nebraska
Deficit spending began before 1900. It's nothing new.


Life ain't supposed to be easy.
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.
B
Boco Offline
trapper
Boco  Offline
trapper
B

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 Offline
trapper
Blaine County  Offline
trapper

Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
Originally Posted by Diggerman
Originally Posted by danvee
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] #6863370
05/04/20 08:19 PM
05/04/20 08:19 PM
Joined: Mar 2018
Posts: 3,122
Pa.
B
Bigbrownie Offline
trapper
Bigbrownie  Offline
trapper
B

Joined: Mar 2018
Posts: 3,122
Pa.
I wonder how much fraud and waste there’s gonna be when the smoke finally clears.

My mother got her stimulus check today for $1200. The problem is she died in November of 2018. The check is marked XXXXXX Deceased. The check was mailed to me, with my name below hers, as I controlled her estate. The Treasury Department knew she was dead, but sent her a check because she had filed returns in 2018 and 2019.

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
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Originally Posted by danvee
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: danvee] #6863398
05/04/20 08:45 PM
05/04/20 08:45 PM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline OP
trapper
danvee  Offline OP
trapper
D

Joined: Mar 2010
Posts: 3,035
wyoming southeast
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.

Re: Another 3 Trillion this quarter! [Re: danvee] #6863414
05/04/20 09:05 PM
05/04/20 09:05 PM
Joined: Jan 2007
Posts: 6,461
central Haudenosaunee, the De...
W
white marlin Offline
trapper
white marlin  Offline
trapper
W

Joined: Jan 2007
Posts: 6,461
central Haudenosaunee, the De...
a trillion here, a trillion there...pretty soon, you're talking real money!

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 Offline
trapper
Sprung & Rusty  Offline
trapper

Joined: Dec 2018
Posts: 5,214
Crivitz WI
Originally Posted by Donnersurvivor
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 Offline
trapper
Finster  Offline
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] #6863466
05/04/20 09:49 PM
05/04/20 09:49 PM
Joined: Dec 2009
Posts: 20,241
The Hill Country of Texas
Leftlane Offline
"HOSS"
Leftlane  Offline
"HOSS"

Joined: Dec 2009
Posts: 20,241
The Hill Country of Texas
Don't worry about money, we can just print up some more whistle


“What’s good for me may not be good for the weak minded.”
Captain Gus McCrae- Texas Rangers


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
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,539
Sandhills Nebraska
Originally Posted by danvee
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.
Re: Another 3 Trillion this quarter! [Re: Finster] #6863499
05/04/20 10:17 PM
05/04/20 10:17 PM
Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
Blaine County Offline
trapper
Blaine County  Offline
trapper

Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
Originally Posted by Finster
Best thing we can do at this point is let the country get back to work and stop this pandemic hoax and foolishness.


Agree 1000%.

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