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So, 30 some odd trillion in debt.
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Sep 3, 2022 16:58:26   #
Parky60 Loc: People's Republic of Illinois
 
nwtk2007 wrote:
Easy for you to say. How did Biden's war on f****l f**l effect the value of the dollar and the debt situation??

I'm not sure the effect subsidies on EVs have but my gut tells me it would be negative on both the dollar and the national debt.

I am by no means an expert.

Reply
Sep 3, 2022 17:07:44   #
nwtk2007 Loc: Texas
 
GoldBone215 wrote:
It’s debt and printing more just raises inflation and lowers the value it’s debt to other countries and it will never go down with democrats shoveling money overseas and torching taxpayers right here 🇺🇸🤨 it’s complicated but it’s debt you can’t print and buy it back 30 trillion you have no idea the amount of wasted money and Ukraine is over 100 billion already plus weapons Biden sent 300 million taxpayer dollars to Burundi for t*********r e******y how’s that for making America great again 🙉🚨🤨
It’s debt and printing more just raises inflation ... (show quote)


Out standing, in a field!

Reply
Sep 3, 2022 17:08:47   #
nwtk2007 Loc: Texas
 
Parky60 wrote:
I'm not sure the effect subsidies on EVs have but my gut tells me it would be negative on both the dollar and the national debt.

I am by no means an expert.


Isn't the dollar boosted by oil?

Reply
Sep 3, 2022 17:16:07   #
Radiance3
 
nwtk2007 wrote:
What does that mean? Who do we owe so much to? What happens to the debt as the dollar decreases in value? Can't we just print more dollars to pay it back??

I am no expert and have been discussing the debt with friend. His take on things seems rather weird to me.

So, from scratch, who knows how it works??

===================
$30,666 trillion plus of current National Debts keeps on growing every minute.
This is a disease that does not heal. It metastasizes unless we replace our government system focused on serving the people and restore our freedom.

I just emailed President Trump today, advised him to forget the painful moments of a s****n e******n from him. I admit that the e******n was s****n. And it is painful.

However, we could not take it back. Attacks to remind that is futile. It just exacerbate the pain and hatred. Let us be humble, submit that humility to God and let him take over the vengeance. God said "Vengeance is mine" Romans 12:19.

I advised him to focus on providing solutions to this rapid deterioration of our country. Focus on solutions to the Economy, the highest inflation, the Wide Open borders, violence among the blue states, restore our freedom our faith, our values, and schools performance. Restore the world's confidence, and respect on the US, restore our National Defense, and remove the WOKE system that demoralizes our military. Most of all restore our freedom of life, liberty, and the pursuit of happiness under God.


That's the message I've sent to President Trump today. I am praying.

Please v**e all GOP's this Nov. 2022 e******n to fix these problems. Thank you.

Reply
Sep 3, 2022 17:18:26   #
Parky60 Loc: People's Republic of Illinois
 
nwtk2007 wrote:
Isn't the dollar boosted by oil?

I'm pretty sure that it's paid in US currency -- petrodollars -- which is a REALLY big deal. That's one of the things that makes us such a powerful nation. If I recall, there's been a lot of scuttlebutt about starting to accept oil payments in something besides petrodollars AND removing the US as the world's reserve currency. Hence, all the hype about CBDCs which China is leading on and the US is lagging behind. Isn't there something about China owning Biden? Hmmm.

Reply
Sep 3, 2022 17:20:55   #
son of witless
 
woodguru wrote:
The roughest part of that debt is that it has an interest payment, the danger being when it gets so big the interest can't be paid without adding more to the principle

Which is what was so stupid about the idea of a tax cut that would go straight to adding to the debt, that tax cut adds more than $10 trillion to the debt, that didn't have to happen


You are clueless, no clueless does you no justice. The trouble is never never tax cuts. It is spending spending spending spending. When tax cuts are enacted the economy grows and tax revenue goes up, but it is spent. When you raise taxes a lot, growth goes down !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Economics 101.

Reply
Sep 3, 2022 17:35:52   #
Milosia2 Loc: Cleveland Ohio
 
nwtk2007 wrote:
Isn't a big part of that money we owe ourselves? What is the role of the Federal BAnk in the debt, it being owned by what looks like over a hundred or more smaller banks??


It isn’t my that we owe it to ourselves. It’s money we have borrowed from the elite rich . So much in fact we can never pay it off. So we only pay the rich Oligarchians
The Interest. And then another Republican president comes along to give those very same people a huge tax cut. With money that needs to be borrowed from the very same rich people we gave the tax break to .
So it continues. All of this gets wadded up and thrown at the democrats as something they’ve done. It was not the democrats.
To date I’ve still heard “the tax and spend democrats”
This couldn’t be farther from the t***h. If this is so why haven’t Social Programs been funded since 1980 ? Why hasn’t one penny been spent on infrastructure since 1980? Why have we cut school lunch programs.???
Nope this isn’t the Dems . There hasn’t been a democratic bill passed in the senate
Since Obama took office. Passed by the House , k**led in the Senate. McConnell has seen to that.
Tax and spend Dems, a laugh and a half. But , curiously , where does
All Of The Money Go ?????
The Dems aren’t spending it. Only until recently.
We can thank sinema for holding out . She was bought off by the rich. For $500,000
Yep. That was all it cost the elite rich to have her take out of the tax bill a tax on big money that would’ve amounted to $10Billion in taxes from the morbidly rich.
What a gal.
They got this done for the paltry sum of $500,000.
Kirsten Sinema , not a very good team player. Or American for that matter.

Reply
Sep 3, 2022 17:41:58   #
nwtk2007 Loc: Texas
 
Radiance3 wrote:
===================
$30,666 trillion plus of current National Debts keeps on growing every minute.
This is a disease that does not heal. It metastasizes unless we replace our government system focused on serving the people and restore our freedom.

I just emailed President Trump today, advised him to forget the painful moments of a s****n e******n from him. I admit that the e******n was s****n. And it is painful.

However, we could not take it back. Attacks to remind that is futile. It just exacerbate the pain and hatred. Let is be humble, submit that humility to God and let him take over the vengeance. God said "Vengeance is mine" Romans 12:19.

I advised him to focus on providing solutions to this rapid deterioration of our country. Focus on solutions to the Economy, the highest inflation, the Wide Open borders, violence among the blue states, restore our freedom our faith, our values, and schools performance. Restore the world's confidence, and respect on the US, restore our National Defense, and remove the WOKE system that demoralizes our military. Most of all restore our freedom of life, liberty, and the pursuit of happiness under God.


That's the message I've sent to President Trump today. I am praying.

Please v**e all GOP's this Nov. 2022 e******n to fix these problems. Thank you.
=================== br i $30,666 trillion plus ... (show quote)



Reply
Sep 3, 2022 17:42:44   #
nwtk2007 Loc: Texas
 
Parky60 wrote:
I'm pretty sure that it's paid in US currency -- petrodollars -- which is a REALLY big deal. That's one of the things that makes us such a powerful nation. If I recall, there's been a lot of scuttlebutt about starting to accept oil payments in something besides petrodollars AND removing the US as the world's reserve currency. Hence, all the hype about CBDCs which China is leading on and the US is lagging behind. Isn't there something about China owning Biden? Hmmm.


Yes, Hmmmm.

Reply
Sep 3, 2022 17:43:43   #
Milosia2 Loc: Cleveland Ohio
 
son of witless wrote:
You are clueless, no clueless does you no justice. The trouble is never never tax cuts. It is spending spending spending spending. When tax cuts are enacted the economy grows and tax revenue goes up, but it is spent. When you raise taxes a lot, growth goes down !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Economics 101.
that’s voodoo economics 101.
That was Reagan’s big lie ! If you give tax breaks to rich people, more money will trickle down to the peasants to fight over.
Never happened. All the money went straight up the chute ! To people who now stack it in their garages to keep the value of their new found wealth up.
Hoarders! Greenbacks Hoarders !

The tax cuts enacted , are never enacted for you !

Reply
Sep 3, 2022 17:45:10   #
nwtk2007 Loc: Texas
 
Milosia2 wrote:
that’s voodoo economics 101.
That was Reagan’s big lie ! If you give tax breaks to rich people, more money will trickle down to the peasants to fight over.
Never happened. All the money went straight up the chute ! To people who now stack it in their garages to keep the value of their new found wealth up.
Hoarders! Greenbacks Hoarders !

The tax cuts enacted , are never enacted for you !


After the Trump tax cuts, revenue increased.

Reply
Sep 3, 2022 17:49:40   #
Milosia2 Loc: Cleveland Ohio
 
Radiance3 wrote:
===================
$30,666 trillion plus of current National Debts keeps on growing every minute.
This is a disease that does not heal. It metastasizes unless we replace our government system focused on serving the people and restore our freedom.

I just emailed President Trump today, advised him to forget the painful moments of a s****n e******n from him. I admit that the e******n was s****n. And it is painful.

However, we could not take it back. Attacks to remind that is futile. It just exacerbate the pain and hatred. Let is be humble, submit that humility to God and let him take over the vengeance. God said "Vengeance is mine" Romans 12:19.

I advised him to focus on providing solutions to this rapid deterioration of our country. Focus on solutions to the Economy, the highest inflation, the Wide Open borders, violence among the blue states, restore our freedom our faith, our values, and schools performance. Restore the world's confidence, and respect on the US, restore our National Defense, and remove the WOKE system that demoralizes our military. Most of all restore our freedom of life, liberty, and the pursuit of happiness under God.


That's the message I've sent to President Trump today. I am praying.

Please v**e all GOP's this Nov. 2022 e******n to fix these problems. Thank you.
=================== br i $30,666 trillion plus ... (show quote)



How can you admit the e******n was s****n ?

I gotta admit the e******n was not stolen.

Reply
Sep 3, 2022 18:05:09   #
Radiance3
 
Milosia2 wrote:
How can you admit the e******n was s****n ?

I gotta admit the e******n was not stolen.

================
You can blab as long as you want. I laid that to rest, cause it hurts me. Why should I carry something that will hurt me? I focus on solutions.

Reply
Sep 3, 2022 19:16:14   #
BIRDMAN
 
nwtk2007 wrote:
What does that mean? Who do we owe so much to? What happens to the debt as the dollar decreases in value? Can't we just print more dollars to pay it back??

I am no expert and have been discussing the debt with friend. His take on things seems rather weird to me.

So, from scratch, who knows how it works??


It’s like a loan shark you always have to pay the juice in this case it would be interest

Reply
Sep 3, 2022 19:54:56   #
Blade_Runner Loc: DARK SIDE OF THE MOON
 
nwtk2007 wrote:
What does that mean? Who do we owe so much to? What happens to the debt as the dollar decreases in value? Can't we just print more dollars to pay it back??

I am no expert and have been discussing the debt with friend. His take on things seems rather weird to me.

So, from scratch, who knows how it works??
on December 23, 1913, Democrat president Woodrow Wilson signed the Federal Reserve Act which put the power of manipulating the value of our currency into the hands of bankers and economists. On June 5, 1933, when Democrat president Franklin Delano Roosevelt removed the gold standard from US currency, he pulled the final plug on any standards for the value of money.

During the Depression and into the 1940s, gold and silver coins were still in the pockets and purses of American citizens.

U.S. National Debt Clock
US National Debt, $30.8 trillion and climbing.
US Federal Spending $5.9 trillion and climbing.
US Budget Deficit $1.4 trillion and climbing.
US Total Debt $92.4 trillion and climbing.
US Tax Revenue $4.4 trillion and climbing.
Social Security Liability $22 trillion and climbing.
Medicare Liability $34.4 trillion and climbing.
US Unfunded Liabilities $171 trillion and climbing.

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