Federal debt at tipping point

Investments, gold, currencies, surviving after a financial meltdown
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Tom Mazanec
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Re: Federal debt at tipping point

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“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

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Tom Mazanec
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Re: Federal debt at tipping point

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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

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Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Federal debt at tipping point

Post by Tom Mazanec »

“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

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Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Federal debt at tipping point

Post by Tom Mazanec »

“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

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Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Federal debt at tipping point

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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

User avatar
Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Federal debt at tipping point

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“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

Wobblie1+
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Re: Federal debt at tipping point

Post by Wobblie1+ »

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

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Tom Mazanec
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Re: Federal debt at tipping point

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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

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Tom Mazanec
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Re: Federal debt at tipping point

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Half trillion just to service debt:
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

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Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Federal debt at tipping point

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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

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