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Re: Math Lesson for today [Re: Trapset] #8216316
09/15/24 04:09 PM
09/15/24 04:09 PM
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Armpit, ak
Originally Posted by Trapset
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?
Re: Math Lesson for today [Re: stinkypete] #8216323
09/15/24 04:18 PM
09/15/24 04:18 PM
Joined: Jan 2009
Nebraska
T
Trapset Offline
trapper
Trapset  Offline
trapper
T

Joined: Jan 2009
Nebraska
Especially “kick back” candy. lol

Ridiculous!

Re: Math Lesson for today [Re: stinkypete] #8216355
09/15/24 04:55 PM
09/15/24 04:55 PM
Joined: May 2016
Southern Illinois
F
Foxpaw Offline
trapper
Foxpaw  Offline
trapper
F

Joined: May 2016
Southern Illinois
Gov too big to fail.

Why not just call all the gold in at a few dollars an ounce and start over. Put a $5 a bushel tariff on beans exported to China, everybody wins, except the farmer and the gov can just take them over and have jobs for everybody. They can start rat cat farms that are self sufficient. Feed the rats to the cats and the cats to the rats and sell cat hides for ladies collars in the cities. Endless possibilities, lol.

Re: Math Lesson for today [Re: stinkypete] #8216363
09/15/24 05:05 PM
09/15/24 05:05 PM
Joined: Apr 2010
Ohio
S
stinkypete Offline OP
trapper
stinkypete  Offline OP
trapper
S

Joined: Apr 2010
Ohio
I honestly believe neither side cares. Can’t get anyone to come together on anything!!!!

Balancing a budget and cut spending never!! And the younger generations are following in the foot steps of our elected officials!!

Re: Math Lesson for today [Re: Dirt] #8216584
09/15/24 09:26 PM
09/15/24 09:26 PM
Joined: May 2010
MN
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
MN
Originally Posted by Dirt
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
Re: Math Lesson for today [Re: stinkypete] #8216626
09/15/24 10:09 PM
09/15/24 10:09 PM
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
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D

Joined: Dec 2010
Armpit, ak
"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?
Re: Math Lesson for today [Re: stinkypete] #8216684
09/15/24 11:11 PM
09/15/24 11:11 PM
Joined: Nov 2023
NV
2
2bit Offline
trapper
2bit  Offline
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2

Joined: Nov 2023
NV
If we handled our finances in the same manner the govt does, we'd be in prison.

Re: Math Lesson for today [Re: Dirt] #8216722
09/16/24 02:09 AM
09/16/24 02:09 AM
Joined: May 2010
MN
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
MN
Originally Posted by Dirt
"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
Re: Math Lesson for today [Re: stinkypete] #8216813
09/16/24 08:40 AM
09/16/24 08:40 AM
Joined: Mar 2012
meadowview, Virginia
E
EdP Offline
trapper
EdP  Offline
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E

Joined: Mar 2012
meadowview, Virginia
Look at the bigger picture and ask the same question. How is it sustainable for the richest nation in the world to borrow from poorer nations to maintain it's standard of living. It isn't of course.

Re: Math Lesson for today [Re: yotetrapper30] #8216822
09/16/24 08:52 AM
09/16/24 08:52 AM
Joined: Feb 2014
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Ky
Originally Posted by yotetrapper30
But it's the Fed's fault for raising rates. crazy


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

Re: Math Lesson for today [Re: Trapset] #8216874
09/16/24 10:12 AM
09/16/24 10:12 AM
Joined: Jul 2022
Va
S
Spike369 Offline
trapper
Spike369  Offline
trapper
S

Joined: Jul 2022
Va
Originally Posted by Trapset
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.

Re: Math Lesson for today [Re: stinkypete] #8216963
09/16/24 12:08 PM
09/16/24 12:08 PM
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Armpit, ak
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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