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Re: Question about U.S. debt [Re: WI Outdoors] #8155248
06/14/24 09:27 PM
06/14/24 09:27 PM
Joined: Dec 2006
Very SE Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Very SE Nebraska
Originally Posted by WI Outdoors
Originally Posted by rex123
The US WILL NEVER BE OUT OF DEBT we have to stop funding wars and let them take care of their own mess.

You think we're paying for the war in Ukraine. Maybe some money is, bur lots is just being laundered to come back to the politicians.

I agree with that.


Life ain't supposed to be easy.
Re: Question about U.S. debt [Re: Grandpa Trapper] #8155253
06/14/24 09:42 PM
06/14/24 09:42 PM
Joined: Aug 2011
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
james bay frontierOnt.
35 trillion is not that much in todays dollars.
Your natural resources and assets as collateral will cover that amount no problem.


Forget that fear of gravity-get a little savagery in your life.
Re: Question about U.S. debt [Re: ] #8155289
06/14/24 11:01 PM
06/14/24 11:01 PM
Joined: Dec 2017
Kansas
Pawnee Offline
trapper
Pawnee  Offline
trapper

Joined: Dec 2017
Kansas
Yep Posco 80 billion and that’s not counting the billions sent for other countries wars


Everything the left touches it destroys
Re: Question about U.S. debt [Re: Boco] #8155335
06/15/24 06:34 AM
06/15/24 06:34 AM
Joined: Jul 2022
Va
S
Spike369 Offline
trapper
Spike369  Offline
trapper
S

Joined: Jul 2022
Va
Originally Posted by Boco
35 trillion is not that much in todays dollars.
Your natural resources and assets as collateral will cover that amount no problem.

And your 401K, IRAs and TSPs will cover the 35 trillion. That's why the politicians aren't worried about it.

Re: Question about U.S. debt [Re: Grandpa Trapper] #8155370
06/15/24 08:38 AM
06/15/24 08:38 AM
Joined: Dec 2012
Wi.
D
Diggerman Offline
trapper
Diggerman  Offline
trapper
D

Joined: Dec 2012
Wi.
Some prices are rolling back, local repair shop says steel prices are down 25%,Plastic wrap seems to be down 10% from last year, realestate is a mystery though.

Re: Question about U.S. debt [Re: Grandpa Trapper] #8155378
06/15/24 08:50 AM
06/15/24 08:50 AM
Joined: Mar 2014
SE Iowa USA
A
AKAjust Offline
trapper
AKAjust  Offline
trapper
A

Joined: Mar 2014
SE Iowa USA
I don't know alot about this kind of thing but aren't we sending Ukraine weapons? thats mot money. Someone says OK this bomb is worth $XXX so here is 1000. We are paying US bomb manufactures to build them. Sure that costs money but the manufacturing $ stay here in the US. Except of course what the mfgrs import parts
So we are actually moving that tax money around here in the US. Maybe I'm wrong but thats what I always thought.
just

Re: Question about U.S. debt [Re: AKAjust] #8155448
06/15/24 10:53 AM
06/15/24 10:53 AM
Joined: Mar 2023
WI
WI Outdoors Offline
trapper
WI Outdoors  Offline
trapper

Joined: Mar 2023
WI
Originally Posted by AKAjust
I don't know alot about this kind of thing but aren't we sending Ukraine weapons? thats mot money. Someone says OK this bomb is worth $XXX so here is 1000. We are paying US bomb manufactures to build them. Sure that costs money but the manufacturing $ stay here in the US. Except of course what the mfgrs import parts
So we are actually moving that tax money around here in the US. Maybe I'm wrong but thats what I always thought.
just

Just think, not to get political, but I GARANTEE if Trump were in the Whitehouse, this war never would have happened and our economy would be doing much better. We'd all have more money in our pockets.

Re: Question about U.S. debt [Re: Grandpa Trapper] #8155465
06/15/24 11:25 AM
06/15/24 11:25 AM
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Armpit, ak
100 percent gdp used to be the problem area. This amount of debt is suppose to have a negative impact on the economy.


Who is John Galt?
Re: Question about U.S. debt [Re: Grandpa Trapper] #8155471
06/15/24 11:44 AM
06/15/24 11:44 AM
Joined: Dec 2006
Very SE Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Very SE Nebraska
[Linked Image]


Life ain't supposed to be easy.
Re: Question about U.S. debt [Re: WI Outdoors] #8155622
06/15/24 05:55 PM
06/15/24 05:55 PM
Joined: Mar 2014
SE Iowa USA
A
AKAjust Offline
trapper
AKAjust  Offline
trapper
A

Joined: Mar 2014
SE Iowa USA
Originally Posted by WI Outdoors
Originally Posted by AKAjust
I don't know alot about this kind of thing but aren't we sending Ukraine weapons? thats mot money. Someone says OK this bomb is worth $XXX so here is 1000. We are paying US bomb manufactures to build them. Sure that costs money but the manufacturing $ stay here in the US. Except of course what the mfgrs import parts
So we are actually moving that tax money around here in the US. Maybe I'm wrong but thats what I always thought.
just

Just think, not to get political, but I GARANTEE if Trump were in the Whitehouse, this war never would have happened and our economy would be doing much better. We'd all have more money in our pockets.


Well I'm wondering
Would Ukraine be part of Russia if that had happened? And where would that pocket money have come from.

Last edited by AKAjust; 06/15/24 05:57 PM.
Re: Question about U.S. debt [Re: Grandpa Trapper] #8155623
06/15/24 06:00 PM
06/15/24 06:00 PM
Joined: Jan 2018
MN
D
Donnersurvivor Offline
trapper
Donnersurvivor  Offline
trapper
D

Joined: Jan 2018
MN
The Federal debt reflects the electrates own spending habits. Most households spend beyond their means, why would the Government not model their citizens and do the same? From the Baby Boomers onward there is little regard to financial discipline.

Re: Question about U.S. debt [Re: Grandpa Trapper] #8155624
06/15/24 06:01 PM
06/15/24 06:01 PM
Joined: Mar 2023
WI
WI Outdoors Offline
trapper
WI Outdoors  Offline
trapper

Joined: Mar 2023
WI
Aka. Russia and Ukraine wouldn't have changes at all. Russia is doing a land grab. We had an extra 2 grand a year under Donny and our gas, utilities, and groceries wouldn't have gone up in price. That = more money in our pockets.

Re: Question about U.S. debt [Re: Grandpa Trapper] #8155626
06/15/24 06:03 PM
06/15/24 06:03 PM
Joined: Mar 2007
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
McGrath, AK
But it wasn't always that way. Back in 1920 the federal government's spending was 3% of GDP. Today it is 36% of GDP and that GDP is a great deal bigger


Mean As Nails
Re: Question about U.S. debt [Re: white17] #8155630
06/15/24 06:12 PM
06/15/24 06:12 PM
Joined: Jan 2018
MN
D
Donnersurvivor Offline
trapper
Donnersurvivor  Offline
trapper
D

Joined: Jan 2018
MN
Originally Posted by white17
But it wasn't always that way. Back in 1920 the federal government's spending was 3% of GDP. Today it is 36% of GDP and that GDP is a great deal bigger



I could only go back to 1960 but percent of disposable income saved has trended down generally since then. In 1960 it was roughly 10% and 4% today with a low of 3% in 2022. I wish I could go back further but I can't find that information.

An interesting note, 2020 was the all time high with 15% of disposable income saved, I would guess that is what has largely kept the economy rolling as well as it has the past couple years.

Re: Question about U.S. debt [Re: Grandpa Trapper] #8155635
06/15/24 06:19 PM
06/15/24 06:19 PM
Joined: Mar 2007
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
McGrath, AK
I think that is right also. The cash handed out during the pandemic was stashed away and has been used over the last two years .


I happened to have read that 3% 36% statistic yesterday in Barron's so that is why I was able to recall it laugh


Mean As Nails
Re: Question about U.S. debt [Re: Grandpa Trapper] #8155644
06/15/24 06:39 PM
06/15/24 06:39 PM
Joined: Apr 2010
South Central Wisconsin
N
Nelly Offline
trapper
Nelly  Offline
trapper
N

Joined: Apr 2010
South Central Wisconsin
I tend to simplify things so that I can wrap my head around things.
The way that I interpret fiat currency is that each unit of said currency is tantamount to a given share of the intrinsic value of the economy. Essentially a coupon.
When more coupons are printed than the intrinsic value will support, those coupons are worth less.
We call it inflation when we do it. We call it by its true name of currency devaluation when others do it.


I'm just a soul whose intentions are good. O Lord please don't let me be misunderstood.
Re: Question about U.S. debt [Re: Nelly] #8155649
06/15/24 06:51 PM
06/15/24 06:51 PM
Joined: Mar 2023
WI
WI Outdoors Offline
trapper
WI Outdoors  Offline
trapper

Joined: Mar 2023
WI
Originally Posted by Nelly
I tend to simplify things so that I can wrap my head around things.
The way that I interpret fiat currency is that each unit of said currency is tantamount to a given share of the intrinsic value of the economy. Essentially a coupon.
When more coupons are printed than the intrinsic value will support, those coupons are worth less.
We call it inflation when we do it. We call it by its true name of currency devaluation when others do it.

Fiat currency just means its backed by nothing. It's a belief. Not real money.

Re: Question about U.S. debt [Re: Grandpa Trapper] #8155650
06/15/24 06:56 PM
06/15/24 06:56 PM
Joined: Feb 2011
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
alberta
USD is backed by 11 nuclear powered aircraft carrier strike groups

Re: Question about U.S. debt [Re: spjones] #8155652
06/15/24 06:59 PM
06/15/24 06:59 PM
Joined: Apr 2010
South Central Wisconsin
N
Nelly Offline
trapper
Nelly  Offline
trapper
N

Joined: Apr 2010
South Central Wisconsin
Originally Posted by spjones
USD is backed by 11 nuclear powered aircraft carrier strike groups

In other words, it's worth something because I can kick your butt?


I'm just a soul whose intentions are good. O Lord please don't let me be misunderstood.
Re: Question about U.S. debt [Re: Grandpa Trapper] #8155653
06/15/24 07:02 PM
06/15/24 07:02 PM
Joined: Feb 2011
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
alberta
Partly

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