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Re: Math Lesson for today
[Re: Trapset]
#8216316
09/15/24 04:09 PM
09/15/24 04:09 PM
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Joined: Dec 2010
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Armpit, ak
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From whom does the government keep borrowing money from, and why?!
They borrow from themselves, the FED, the private sector, and other governments. They do it to pass out candy. Everybody likes candy!
Who is John Galt?
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Re: Math Lesson for today
[Re: Dirt]
#8216584
09/15/24 09:26 PM
09/15/24 09:26 PM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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White would know. Those low interest bonds don't sell at face value, do they?
Steve: There was no line item veto. Look up Clinton V New York and the Line Item Veto Act of 1986
"Gold is money, everything else is just credit" JP Morgan
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Re: Math Lesson for today
[Re: stinkypete]
#8216626
09/15/24 10:09 PM
09/15/24 10:09 PM
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Joined: Dec 2010
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Armpit, ak
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"Clinton subsequently used the veto on a provision of the Balanced Budget Act of 1997" It was used for this and appears it was in effect less than a year? Loss first court challenge a few months after passage.
It is the Line Item Veto Act of 1996
Yes during the 90's there was Line item Veto for some time frame in 1997.
Who is John Galt?
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Re: Math Lesson for today
[Re: Dirt]
#8216722
09/16/24 02:09 AM
09/16/24 02:09 AM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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"Clinton subsequently used the veto on a provision of the Balanced Budget Act of 1997" It was used for this and appears it was in effect less than a year? Loss first court challenge a few months after passage.
It is the Line Item Veto Act of 1996
Yes during the 90's there was Line item Veto for some time frame in 1997. Typo on my part, clumsy thumbs and phones don't work very well
"Gold is money, everything else is just credit" JP Morgan
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Re: Math Lesson for today
[Re: yotetrapper30]
#8216822
09/16/24 08:52 AM
09/16/24 08:52 AM
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Joined: Feb 2014
Ky
jbyrd63
trapper
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trapper
Joined: Feb 2014
Ky
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But it's the Fed's fault for raising rates.  It’s also the feds fault for letting them get that low to start with. One feeds the other. High interest didn’t cause inflation. It was used to try to slow inflation. But the amazing thing is people get all warm and fuzzy if inflation drops to 2-3 percent. Problem is prices are still rising above record prices. Like saying your house is falling in a sinkhole. But just not as fast as it was yesterday
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Re: Math Lesson for today
[Re: Trapset]
#8216874
09/16/24 10:12 AM
09/16/24 10:12 AM
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Joined: Jul 2022
Va
Spike369
trapper
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trapper
Joined: Jul 2022
Va
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From whom does the government keep borrowing money from, and why?!
Japan, China, india, and the US. They sell long term bonds that is considered a loan and we are buying our own debt when we can't sell enough bonds to cover our debt. That is not sustainable and it will keep inflation running rampant.
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Re: Math Lesson for today
[Re: stinkypete]
#8216963
09/16/24 12:08 PM
09/16/24 12:08 PM
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Joined: Dec 2010
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Armpit, ak
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The fed wants low inflation 1 to 2 percent,not deflation.
Last edited by Dirt; 09/16/24 12:09 PM.
Who is John Galt?
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