22 large an counting
- Thread starter Gunfighter14e2
- Start date
Our annual revenue is 6 trillion a year. Let me know when the debt mimics a 30 year mortgage, then I'll be worried.
(Asserting that strong financial acuity states that <=33% of income goes to living situation. We are at ~11 year mortgage).
(Asserting that strong financial acuity states that <=33% of income goes to living situation. We are at ~11 year mortgage).
But shotguns and canned goods will never be out of style...
Cheers,
Sirhr
P.S. To quote AJ... Buy more you-know-what!
Cheers,
Sirhr
P.S. To quote AJ... Buy more you-know-what!
You tryna flex your wealth @Gunfighter14e2?
You are right that growth will probably no longer be >3-5% so it'll barely keep up with inflation but saving is better than relying solely on SS, which may disappear for ~35 days at a time.
The U.S. Gov't will never go bankrupt (in my lifetime) so I'm not worried. And your (grand)kids are smarter than us so I'm sure they can figure it out.
nah he lives in a tent next to a bridge that is next to a white castle for free wifi, GF dont have no mortgage
You tryna flex your wealth @Gunfighter14e2?
You are right that growth will probably no longer be >3-5% so it'll barely keep up with inflation but saving is better than relying solely on SS, which may disappear for ~35 days at a time.
The U.S. Gov't will never go bankrupt (in my lifetime) so I'm not worried. And your (grand)kids are smarter than us so I'm sure they can figure it out.
Wealth,... me,... nope. I don't partake of inked paper as being wealth. I do find it interesting that those who do/did an are now street people or who are starting over late in life that thought inked paper or a balance sheet was/is wealth. It was instilled in me if it's not in your pocket, someone else can stop you from getting what you think you have.You tryna flex your wealth @Gunfighter14e2?
I read an article about some guy that died. He was the only one with the code to the accounts for quite a few people's Bitcoin investment. IIRC it was in the neighborhood of $200 million.
First an Last home note was paid off in 1982 a10 year note an we paid it off in 2 years. Something to be said for/about skill sets, sweat an direction. Everything past that note was after normal work sweat, weekend sweat, vacation sweat, an hip-national. Move in's were w/o owing anyone anything. Never had the address, or all the toys (or any toys for that matter)while working, but retirement is most excellent., an toys abound now. Tools, ability an sweat was good to us/me, an I have no regrets.
Massive debt no doubt, may it should be "22 really fuckin' large".
Obviously brought to the forefront as wall/billions are about to be brought to the front of the line.
R
Obviously brought to the forefront as wall/billions are about to be brought to the front of the line.
R
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I haven't seen anyone before this say it, so I'm gonna.........How much does anyone want to bet he's not "dead" ?
I haven't seen anyone before this say it, so I'm gonna.........How much does anyone want to bet he's not "dead" ?
Saw some comments that the locked wallets had activity on them. If massive amounts start moving out, something fishy is going on.
The mortgage I signed had set payments at a set rate. I knew the date when I would complete my payments and I would owe no more. Comparing our national debt to a mortgage is one of the dumbest things you've said on this site. It would be more comparable to credit card debt with a floating rate, no payments toward principle and adding more new unpaid spending year over year.
Well those are choices the political parties made not to reduce the debt. So sure you could think of it like an unlimited credit card with variable rate. They are definitely treating spending in that manner. But in relation to revenue/debt ratio I still stand behind my loose analogy to a mortgage.
When we decide to start paying it back it is not an insurmountable amount considering the revenue the Government takes in.
When we decide to start paying it back it is not an insurmountable amount considering the revenue the Government takes in.
What you fail to understand is there is no intention to pay off the debt. The debt will grow massively even if spending isn't increased. How does our ~$210,000,000,000,000 unfunded liabilities factor into your mortgage comparison?
I thought about it some more and decided it may be comparable to an interest only loan with a floating rate and taking out 2nd, 3rd, ... mortgages every year. Same result; that shit's never getting paid off...
That is a more apropos and worrying fact of the matter. Loans that aren't being paid off.
