OK - so where do think the value of the printed money came from?So you mean .gov $$ to Pfizer. Pfizer $$ to Fauci?
Only nit I can pick with that is the money was all printed. All the tax $$ were long gone before that $$ went out.
OK - so where do think the value of the printed money came from?So you mean .gov $$ to Pfizer. Pfizer $$ to Fauci?
Only nit I can pick with that is the money was all printed. All the tax $$ were long gone before that $$ went out.
I'm not really sure what you are trying to say. Some dream that someday the government will pay off that debt? We all know that will never happen. They will continue to borrow until someday it all comes crashing down around us.OK - so where do think the value of the printed money came from?
Unfortunately. I used to see charts that would show how we would grow our way out of debt, assuming budget surpluses could be restrained. I’m afraid the latest blow outs the last couple of years basically make any sort of “pay back” impossible.I'm not really sure what you are trying to say. Some dream that someday the government will pay off that debt? We all know that will never happen. They will continue to borrow until someday it all comes crashing down around us.
Maybe they are going for runaway inflation to make the dollar almost worthless so a loaf of bread costs about a billion dollars - then maybe they could pay it all off with a pickup truck.Unfortunately. I used to see charts that would show how we would grow our way out of debt, assuming budget surpluses could be restrained. I’m afraid the latest blow outs the last couple of years basically make any sort of “pay back” impossible.
There’s always bugs.Maybe they are going for runaway inflation to make the dollar almost worthless so a loaf of bread costs about a billion dollars - then maybe they could pay it all off with a pickup truck.
And this is why we are screwed! If you think a 7% mortgage is bad consider the effect on the United States government as the outstanding debt has to be refinanced.Interest on debt is our 4th largest expense now. This is from https://usdebtclock.orgView attachment 227640
And then,since they can't stop spending, they will have to borrow to pay the interest and then borrow more to pay the interest on the interest loan, etc., etc. ad nauseam.And this is why we are screwed! If you think a 7% mortgage is bad consider the effect on the United States government as the outstanding debt has to be refinanced.
And then they WILL gut social security and medicare and replace them with UBI and Obamacare, leaving the old like pensioners in the USSRAnd then,since they can't stop spending, they will have to borrow to pay the interest and then borrow more to pay the interest on the interest loan, etc., etc. ad nauseam.
I'm sad, because it's true.And then they WILL gut social security and medicare and replace them with UBI and Obamacare, leaving the old like pensioners in the USSR
And it still won't be enough, so they'll come for your retirement savings because there will be too much money there to resist, witness Yellen wanting to tax you on the paper value change tear to year on your investment accounts
And they will exempt their own socio-economic stratum from every stricture that they can while buying votes from the envious, with your money, to stay in power
See: How Hugo Chavez rose to power
easily fixed