Federal debt at tipping point

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FishbellykanakaDude
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Re: Federal debt at tipping point

Post by FishbellykanakaDude »

Tom Mazanec wrote: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
Ya know, and I'm sure you do, that the interesting part of (for example) "$6,000,000,000,000" is the "$" part, right?

6 Trillion "veritably nothings" is very near "nothing", so.... <wanders off into reverie-land>

..but then again, could it be that all those other things, like the €, ¥, £, ₼, ₱, ﷼, ₩, ₴, and ₫ (just GOTTA end with a Dong!) might be "redefined" as well?

Eventually, it all reduces to what you can eat and kill with.
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Tom Mazanec
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Re: Federal debt at tipping point

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Piscine stomach, it is the trillions in Debt compared to the trillions we have and/or make that is the important thing.
“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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Bolton: National Debt threat to American Security
https://www.bloomberg.com/news/articles ... ty-correct
“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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https://www.nytimes.com/2018/09/25/busi ... erest.html
Interest paid on National Debt to soar.
“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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Voters worry about National Debt:
https://spectator.org/debt-voters-minds/
“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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Divided government means bigger deficits:
https://seekingalpha.com/article/422030 ... r-deficits
“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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Five problems with $22,000,000,000,000.00 debt:
https://www.cbsnews.com/news/22-trillio ... ng-crisis/
“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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Worst bipartisan deficits in history:
https://www.conservativereview.com/news ... ush-obama/
“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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Why worry about the deficit:
https://www.hoover.org/research/whos-af ... icits-i-am
“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

Post by Tom Mazanec »

Federal debt at near 2000% GDP:
https://www.cnbc.com/2019/09/09/real-us ... gests.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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