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Thread: How the hell are we going to pay back 20 trillion?

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    Default How the hell are we going to pay back 20 trillion?



    Trump doesn't seem to be fixing this. He owns the national debt.
    Didn't he say he was going to grow out of it? "Eliminate it" Trump is slated to add 9 trillion to it this term.

    Yes, he's going to nearly increase it by half.

    https://www.thebalance.com/trump-pla...l-debt-4114401

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    You’re a Democrat, aren’t you on the MMT train? Deficits and debt don’t matter...

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    We don't even have to wait for history's confirmation...

    ...Trump's presidency is a rousing failure right now.

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    Quote Originally Posted by cawacko View Post
    You’re a Democrat, aren’t you on the MMT train? Deficits and debt don’t matter...
    No that's republicans. Remember the Reagan years? "We owe it to ourselves"- Republican mantra

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    Quote Originally Posted by Micawber View Post
    No that's republicans. Remember the Reagan years? "We owe it to ourselves"- Republican mantra
    You need to read up on MMT my man and those who support it

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    Quote Originally Posted by Micawber View Post


    Trump doesn't seem to be fixing this. He owns the national debt.
    Didn't he say he was going to grow out of it? "Eliminate it" Trump is slated to add 9 trillion to it this term.

    Yes, he's going to nearly increase it by half.

    https://www.thebalance.com/trump-pla...l-debt-4114401
    What? HOW DARE YOU ASK THAT!! Deficits ONLY MATTER when DEMOCRATS are in office! No matter that REPS created them. Got it?

    Ask CARTER who REPUBS screamed about 'his' deficits and REAGAN quadrupled them. Ask Clinton who CLEANED UP BUSH I's DEFICITS and even ended with a SURPLUS. Ask OBAMA who stopped the HEMORRHAGING of Bush deficits from his TAX CUts, HIS TRILLION $ WAR OF CHOICE, his tanked the stock market, and our house values with HIS CATASTROPHIC RECESSION.

    Now this fucking fool is EXPLODING the deficits again with MORE tax cuts. FUCK US!
    SEP 2016: Obama asked McConnell to co-write a LETTER of CONDEMNATION of Russian interference
    into the upcoming election and to alert US. The CIA DIR
    had briefed BOTH parties Congr'l leaders of the same.

    McConnell told Brennan,
    “You’re trying to screw the Republican nominee.”

    McCONNELL REFUSED to sign the letter.

    The rest is history!

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    Make Mexico Pay for it ...
    Trump isn't our 45th American president; he's our 1st Russian one.

    Remember this on Tuesday November 3rd, 2020

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    Quote Originally Posted by cawacko View Post
    You need to read up on MMT my man and those who support it
    Never heard of it. Why don't you want to talk about Trump's promise to eliminate the 20 trillion debt and build a gold wall
    with diamond studs that Mexico will pay for.

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    Quote Originally Posted by Micawber View Post


    Trump doesn't seem to be fixing this. He owns the national debt.
    Didn't he say he was going to grow out of it? "Eliminate it" Trump is slated to add 9 trillion to it this term.

    Yes, he's going to nearly increase it by half.

    https://www.thebalance.com/trump-pla...l-debt-4114401
    There are 153 million people working in this country. So, that would be $130,718.95 every working American would owe. Spread it out over 30 years, that is $4,357.30 annually. Even broke fucks in this country spend more than that on scratch tickets.
    Consider the Oyster.

    C-4 is just angry playdoh.

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    Quote Originally Posted by Sailor View Post
    There are 153 million people working in this country. So, that would be $130,718.95 every working American would owe. Spread it out over 30 years, that is $4,357.30 annually. Even broke fucks in this country spend more than that on scratch tickets.
    I like where you are going but the problem with your math is that it's going to be amortized and that 20 trillion
    is bearing interest. Did you include interest or did you pay it down dollar for dollar and did you also assume that we won't
    be adding to it.

    But that time theory does make it seem more manageable. I seriously doubt we have that discipline for that length of time.
    Chances are we have another world war or damn asteroid hits us.

    Hey, if we take all the money from all the richest and spread it around we can all have $500 K per year!

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    Quote Originally Posted by Micawber View Post
    I like where you are going but the problem with your math is that it's going to be amortized and that 20 trillion
    is bearing interest. Did you include interest or did you pay it down dollar for dollar and also assume that we won't
    be adding to it.
    That would be the most sensible way to do it.
    Consider the Oyster.

    C-4 is just angry playdoh.

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    Ask BO. He accounted for 10t of it.
    Mj
    Just because you don't understand it does not make it bad. Celticguy

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    Quote Originally Posted by Sailor View Post
    That would be the most sensible way to do it.
    I say we take the entire gross national product for one year and pay it off. We all go about our
    business doing whatever we do, but instead of paying anyone or getting paid, we pay the government.
    One year of ramen noodles and we are out from under.

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    Quote Originally Posted by Micawber View Post
    I say we take the entire gross national product for one year and pay it off. We all go about our
    business doing whatever we do, but instead of paying anyone or getting paid, we pay the government.
    One year of ramen noodles and we are out from under.
    Americans have been known to make big sacrifices for this country. It could be done. Government would certainly need to have checks and balances in place for it not to happen again though. I am in.
    Consider the Oyster.

    C-4 is just angry playdoh.

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    Quote Originally Posted by cawacko View Post
    You’re a Democrat, aren’t you on the MMT train? Deficits and debt don’t matter...
    Wrong, that is a direct quote from Cheney and you are now officially a partisan prick. I still like you though.
    It is the responsibility of every American citizen to own a modern military rifle.

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