when the bill comes due

Taichiliberal said:
Psst, Bobby? It's all monopoly money anyway! When our economy went in the crapper under Reagan or the Shrub, didn't Dead Eye Dick Cheney say, "Deficits don't matter"? And didn't right wing wonks like you clap and barked liked trained seals?

STFU, Bobby.
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your defiantly one of the ignorant ones if you don't see a problem in the future . enjoy it when it hits and live with it dumbass
 
floridafan said:
The vast majority of our deficits have been run up by republican presidents, and you know it sweets
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given that Obama's net contribution to the national debt was larger than that of every president before him combined (including all the Republicans), your statements demonstrate nothing more than the ignorance commonly displayed by the JPP lib'ruls......
 
Into the Night said:
Random wanderings. Try to stay on topic. Oh...you can't.
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You seem incapable of staying on topic, or following a thread and I believe that to be intentional and deliberate because you want to do everything you can to hide the fact that your friend (or sock, who knows with you?) was catastrophically wrong about his point, and that had the effect of making you look bad too.
 
War=Peace said:
Democrats went full Nazi on the former president, the economy, the country, and The People.

And yes, the crash is coming.

In fact, the crash is here.
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What crash? The stock market is higher now than it ever was under Trump, and Biden created more jobs in February than Trump did in any month of his Presidency.
 
for those who don't think there is a problem the interest every year on the debt now stands at 378 billion a year. my I wonder what we could do with 378 billion dollars extra every year.
 
Bulletbob said:
for those who don't think there is a problem the interest every year on the debt now stands at 378 billion a year. my I wonder what we could do with 378 billion dollars extra every year.
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o I forgot some here says its not real , I bet when their taxes double they will think its real
 
War=Peace said:
Democrats went full Nazi on the former president, the economy, the country, and The People.

And yes, the crash is coming.

In fact, the crash is here.
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Not yet. It's near though. People are already searching around for another currency. Bitcoin, gold, and silver seem to be favored so far.

The dollar will not go to zero value. It will become worth much less than it is now, but it will not go to zero.
The real upshot of this is that the SODC, which can only spend dollars and has no gold or silver, will be forced to curtail it's activities.

That's not going to happen quietly, unfortunately.
 
Hey bullet, I'll cut you a great deal. You give me 50k now, and I'll pay your 67k when the bill is due. That's practically like me giving you 17k!
 
Taichiliberal said:
Psst, Bobby? It's all monopoly money anyway! When our economy went in the crapper under Reagan or the Shrub, didn't Dead Eye Dick Cheney say, "Deficits don't matter"? And didn't right wing wonks like you clap and barked liked trained seals?

STFU, Bobby.
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The economy improved under Reagan, a lot.
The economy improved under Trump as well, a lot.

Both Presidents had the right idea. Get government out of the way, and the economy will take off. It did in both cases.
The federal government's debt problem and the economy are not related. The federal government only HAS a debt problem because it spends too much money.
 
Bulletbob said:
There will be a crash because no one is addressing the problem , until the public wises up and both democrat and republican complain and demand action nothing will happen .
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The problem is already being addressed...by the people themselves. They are already searching for a different currency. No government can stop that.
Bulletbob said:
Clearly this is not going to happen in the near future
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It's going to happen quite probably in the next few years, perhaps less. When it happens, it will happen suddenly. When enough people choose a currency, it will simply be accepted in lieu of dollars. Dollars will still be used, but people will convert to them only as necessary and only when necessary (which is basically when dealing with SODC transactions).
Bulletbob said:
and by the time people wise up it will be to late to due much about it.
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It's already too late for government to change it's fate. It will happen. They can't make this albatross around their neck go away.
Bulletbob said:
People here just want to fight like 3 year olds and blame each other instead of accepting the fact its all our faults.
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Quite a few people are accepting the facts. They are looking around for another currency.
Bulletbob said:
By the time it becomes critical and starts really screwing the nation it will be to late to do anything meaningful .
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It's already too late for the government to change it's fate.
Bulletbob said:
Morons here can hate me all they want but I am right and they know it, just pretending there is not a festering problem and blaming others wont make it go away.
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Debt is a big problem in the federal government. It simply spends too much, creating a deficit, which only adds to the debt.
Paying the debt off by printing money is essentially welching on the debt. Those people that loaned the government money will simply be paid in worthless paper. There is no corresponding increase in wealth. Inflation is the inevitable result. As costs go up, costs to operate the government that caused the problem also go up, so they have to borrow or print MORE money, creating quite possibly a hyperinflation risk. It's a nasty spiral.

Just this last year, gold jumped from $1500/oz to $2000/oz. That's how far the dollar has fallen in value in ONE YEAR. It's current price is $1789/oz, meaning the dollar has recovered some, but not at all well.
Bitcoin went from $9353/BTC to $55585/BTC in the same period. I believe much of this is speculative value, and Bitcoin will retreat some (possibly quite a bit), but not back to $9353/BTC or even close.

The problem with gold and silver for money is simply the value of it. It's just not practical to use such small pieces of these metals for a transaction.
The problem with Bitcoin is unfamiliarity. They are hard to use for someone not technically minded. The block chain itself is getting quite long, slowing transaction speed. This might be mitigated some by a DNS like algorithm, but that doesn't fix the other problem, which is a required connection to the internet to process a transaction. Most people can't figure out how a Wallet works, or how to use one on a practical level, or how to not forget the private key used to access it (you can't ask anyone for a forgotten password with Bitcoin wallets!).

There are 'hardware Wallets', that you can buy (Amazon sells them as well as others). These are great, you can put Bitcoin in your pocket and travel with Bitcoin, conducting transactions wherever you go, but if you lose it, you lose all the Bitcoin that's in it. There is no getting it back. Kind of like dropping a gold coin down the sewer grate. There goes that $1789.

At least with Bitcoin, you can fraction the Coins to very small values, allowing their use for practical transactions to, say, buy a loaf of bread at the grocery store (they practically give bread away!). Right now, the problem is widespread acceptance, much of which is due to the problems I have just described. Merchants in general just don't know how to get into Bitcoin or deal with it's risks and technical needs.

So the search for another currency continues.
 
Bulletbob said:
Right now we each owe about 67,000.00 on the national debt and that was before the recent stimulus .

in the next 4 years we will add several more trillion tom it and I guessing we will each own about 80,000 by the end of the Biden administration.
regardless if your a democrat or a republican or a independent its affecting your life.

its got to stop, and we ALL need to vote people in who will make a effort to reduce this debt and spending trend.
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Ross Perot is dead.
 
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