Federal debt at tipping point
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
Debt, not ceiling, is crisis https://www.conservativereview.com/arti ... he-debt-is
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
On the other hand, blow up the deficit http://theweek.com/articles/704728/blow-deficit
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
We have no fiscal margin left: http://www.realclearpolicy.com/articles ... _left.html
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
Trump will not help Debt http://www.realclearpolicy.com/articles ... 10292.html
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
Health care is what's bankrupting America https://www.usnews.com/opinion/articles ... reform-now
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
Why the deficit is bad for you http://www.washingtonexaminer.com/heres ... le/2627569
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
Re: Federal debt at tipping point
Debt is not the problem.
Michael Hudson:
"A false parallel is drawn with private saving. Of course individuals should get out of debt by saving what they can. But governments are different. Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt. It appears on the liabilities side of the public balance sheet.
When President Clinton ran a budget surplus in the late 1990s, that sucked revenue out of the U.S. economy. When governments do not run deficits, the economy is obliged to rely on banks – which charge interest for providing credit. Governments can create money on their own computers just as well. They can do this without having to pay bondholders or banks.
* * *
If the government were to pay off its debts permanently, there would be no money – except for what banks create. That has never been the case in history, going all the way back to ancient Mesopotamia. All money is a government debt, accepted in payment of taxes."
https://www.nakedcapitalism.com/2016/03 ... d-war.html
Michael Hudson:
"A false parallel is drawn with private saving. Of course individuals should get out of debt by saving what they can. But governments are different. Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt. It appears on the liabilities side of the public balance sheet.
When President Clinton ran a budget surplus in the late 1990s, that sucked revenue out of the U.S. economy. When governments do not run deficits, the economy is obliged to rely on banks – which charge interest for providing credit. Governments can create money on their own computers just as well. They can do this without having to pay bondholders or banks.
* * *
If the government were to pay off its debts permanently, there would be no money – except for what banks create. That has never been the case in history, going all the way back to ancient Mesopotamia. All money is a government debt, accepted in payment of taxes."
https://www.nakedcapitalism.com/2016/03 ... d-war.html
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
American national debt 30 years from now http://www.americanthinker.com/articles ... cans_.html
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
Half trillion just to service debt:
https://srsroccoreport.com/the-u-s-gove ... t-in-2018/
https://srsroccoreport.com/the-u-s-gove ... t-in-2018/
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Re: Federal debt at tipping point
2048:
$6,000,000,000,000 deficit
99,000,000,000,000 debt
and the projections almost always fall short.
Before then we will be Venezuela.
http://theeconomiccollapseblog.com/arch ... rs-by-2048
$6,000,000,000,000 deficit
99,000,000,000,000 debt
and the projections almost always fall short.
Before then we will be Venezuela.
http://theeconomiccollapseblog.com/arch ... rs-by-2048
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
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