Well another spending(wasting) bill has passed both houses and now heads to the cadavers desk so someone can move his arm and hand for him to sign it.No one will ever see a balanced budget in this country again.Ever!
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Another 1.2 TRIILON down the shitter
- Thread starter mvphilly
- Start date
Another 1000+ page pile of shit that none of those assholes even read. “Gotta pass it to see what’s in it”, right? We’re doomed.
I guess America is charging the $21 Billion on it's "American Express Card".
WASHINGTON, March 23 (Reuters) - A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday.
Yellen said the funding would make the United States the largest supporter of the IMF’s Poverty Reduction and Growth Trust (PRGT), which provides zero-interest rate loans to support low-income countries as they work to stabilize their economies, boost growth and improve debt sustainability.
WASHINGTON, March 23 (Reuters) - A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday.
Yellen said the funding would make the United States the largest supporter of the IMF’s Poverty Reduction and Growth Trust (PRGT), which provides zero-interest rate loans to support low-income countries as they work to stabilize their economies, boost growth and improve debt sustainability.
We are financially fucked. Get ready.
The faster the fire starts the quicker its all over with, and the faster it can be rebuilt, to start it all over again.
I had some hopes for the new Speaker Johnson, figuring he was MAGA and would try and change things.
Nope, he's a swamp dweller, coward and corrupt just like the rest of them. Doesn't have the balls to shut down the government. Gives the Dems 100% of what they want. Dems are his biggest fan...they control the House without having to do the work.
Nope, he's a swamp dweller, coward and corrupt just like the rest of them. Doesn't have the balls to shut down the government. Gives the Dems 100% of what they want. Dems are his biggest fan...they control the House without having to do the work.
If they were to balance the budget they'd do it by fucking us in the ass while still paying for all of their own bullshit projects, funding Ukraine etc.
Did anyone here watch the budget debates? Kennedy and some others were trying to subsidize insulin doses for poor people in the US and the conclusion was that 20$ a dose would cost 200mil - which was too much money. But they will happily send 21 billion overseas to shitholes like Haiti and Somalia. Think about that one for a minute.
If anyone can fathom $34T then you know you never get out from under that. It’s pitiful they still talk about “balancing the budget”. Retards actually listen.
Term limits? Your term is over congressman. please report to out processing.
I had some hope too but the fact is that it's not that simple. The real problem is that the Pubs won't EVER stick together on anything. It's a fact that we don't have enough majority to anything but get blamed for a shutdown. Before a massively important election where by the numbers we may well lose House majority outright, and not having at least a 4 or 5 seat majority, there's not much he can do.
Of course even we do have a bigger majority they never actually cut spending. The media would have every poor single mother in the USA claiming the mean "republicans took away her ability to feed her baby" and they all know it. Most of them also don't want to be black balled from the little parties and elite get togethers they do while the whole city is funded by US, the less than half the country who actually pay federal income tax.
It's going to take a serious meltdown for any of this to get fixed, even though we currently still have the ability to grow our economy and make very reasonable cuts which would have us on a path to financial stability. We won't be doing any of that. Way easier for them to go along and stash their money so they can buy up property when the crash happens which they caused.
The only way we are going to get out of debt is to go to war with China. If we win we don't owe them shit. If we lose? They get everything just like if we don't go to war with them.
China does not want a war. They want to take over America without going to battle. A war would destroy the resources they desire to control. They don't want the people, it's about the oil, minerals, farm land, etc.
Sun Tzu’s principles of war revolve around the concept that victory without direct fighting is the most advantageous way to win. Part of attaining this type of battle-free victory involves five traits or principles of successful military operations: the Way, the weather, the terrain, the leadership, and discipline.
IMF and world Bank work together as a global predatory lender and facilitator of debt that now covers almost all the planet . A country must be in global membership, and in agreement of all terms to IMF for the privilege to borrow from the World Bank. With almost 200 countries on the planet, and 190 of them are in global membership to the IMF, and all countries participating in the global membership keeping their countries economy in a constant, and continuously growing debt. It is now far past the point of no return.
The global lie promoted by the IMF is : Working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment, and sustainable economic growth, and reduce poverty around the world .
The Reality is . The participating IMF global membership goal of the worlds governments is beating economies into the ground with collapsing crushing debt and acceleration of poverty to cover the planet. The majority the planets Sheep will be begging for economic relief, and the IMF, World Bank and all multilateral banks will miraculously ride to the rescue with digitized Trillions for economic equality, and guaranteeing a world unified standard of living. Where all are equally living at the lowest common denominator, and thus fulfilling Orwell's prophecy of ..." a Boot stamping on a human face - Forever ".
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See a better way would be opposing guillotines races. They either hold the opposing control in their mouth or with their hands. Looking at each other when one let's go the other one us going to let go.even better make them hold blindfolded so they can't see the other person "hanging on" until they're not.
The majority of the debt is nothing more than an IOU in the federal reserve bank. China doesn't hold that much for it to matter.
Currently it's 1.5 trillion dollars a year to service the interest on the debt. It wasn't that long ago that the total debt was 1.5 trillion dollars.
Unfunded debt is the elephant in the shadows
Speaker Johnson has really turned out to be a !@$% spineless twat
What you are describing is a pyramid scheme.
A movie to find and watch - Dragon Day, 2013. Cyber attack on the U.S., apocalyptic. Not a particulary well written, well scripted, or well acted movie. Full of b-listers. However - I think it had an interesting story line for why and who was behind the attack.
SPOILERS AHEAD----------------------
The country falls pray to a cyber attack orchestrated from within. Gov officials at many levels are poised to take power when it happens. Why? The national debt reached a level where the country was no longer fungible. The solution? stage an attack, collapse the system, and hand over the reigns to a foreign power - China.
SPOILERS AHEAD----------------------
The country falls pray to a cyber attack orchestrated from within. Gov officials at many levels are poised to take power when it happens. Why? The national debt reached a level where the country was no longer fungible. The solution? stage an attack, collapse the system, and hand over the reigns to a foreign power - China.
Speaker Chaos Redux: MTG Files Vacate Motion - Victory Girls Blog
Here we go again - Representative Marjorie Taylor Greene has filed a motion to oust Speaker Johnson, and who would want this job anyway?
victorygirlsblog.com
Maybe its time for a true Constitution party. Its clear neither current party gives a crap what happens to this country
Just curious....Speaker Chaos Redux: MTG Files Vacate Motion - Victory Girls Blog
Here we go again - Representative Marjorie Taylor Greene has filed a motion to oust Speaker Johnson, and who would want this job anyway?
Do you often visit "victory girls blog" ?
Shutting down the Government was exactly what the Democrats were hoping for...
Don't give them any more ammo... They have enough to control both the House and Senate next term if the people don't pull their heads out of their asses.
If you think this term has been bad, wait until they control both houses.
Channel your frustration and anger towards giving the Republican's a clear majority next term.
You guys wouldn’t be so shocked if you would finally pull your heads out of your asses and realize that the two sides are not dem vs republican but government including all that take a taxpayer funded paycheck vs the rest of us. It has been this way ever since evil men invented the concept of gov’t in order to control and enslave other men. Gov’t and religion are the two man made cancers that seem to plague believers and non believers alike.
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How about a “We Actually Represent the People Without Fucking Them” party. With crazy ideas like tax dollars going for citizens instead of foreigners and no more billions for Ukraine lol.
Unfortunately the R voter base is kinda stupid, hopefully the Demoncrats won’t take over next time around.
I dont think it is Interest paid, but the increase addition of 1 trillion to national debt every 100 days . But no worries the universal life's basic written rule of economic survival of not letting national debt grow faster than your national economy was thrown under the bus few ears ago.
The US national economy will NEVER return into the black because our three branches of government have learned that they can write, pass, and fund with Bills of 'Mandatory Spending' while calming the ignorant with spewing the opposite of 'unsustainable' with IMF economic propaganda that the US government in total control managing it's debt load . . Nuthin to see here Folks ,.... just move along .
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The US national economy will NEVER return into the black because our three branches of government have learned that they can write, pass, and fund with Bills of 'Mandatory Spending' while calming the ignorant with spewing the opposite of 'unsustainable' with IMF economic propaganda that the US government in total control managing it's debt load . . Nuthin to see here Folks ,.... just move along .
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The only thing Democrats and Republicans can agree on is that they both love robbing the American taxpayer.
The pyramid has been upside down for a long time.
Remove all the city, county, state and federal government employees from the workforce participation and then remove all those that aren't actual taxpayers because of their income level and you have about 20% of the population supporting the pyramid
I love to hate on the fed as much as the next guy, but even with $34T of national debt, we're still quite healthy as a nation.
"The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP)."
Copied that from google, taken with a grain of salt, but the basic numbers make sense, and don't sound unreasonable. Numbers that big are nearly impossible to really truly grasp and understand. Money only has value because we all just agree it does. It's all made up, it's all bullshit, but as long as we can continue to assign a value to goods and services, in exchange for dollars that we in turn, use to purchase goods and services from someone else, then things will keep on trucking.
If this country is going to have a financial reset because of a currency crisis...the one thing you are not going to want, is debt. That debt, isn't going to go away, it's going to get converted, and it is most definately not going to be converted in your favor.
We will eventually find out when we can no longer kick the can down the road. What that will look like? Who knows, but we'll find out.
Branden
If we remove 6 zeroes from the numbers involved it makes more sense. Gov makes $4.7M a year. They get super super discounts on interest rates because...well they can because why not. So lets say they get a rate fo 2% for a 30 year fixed. They can afford a $24M home. Now the country has a shitload of assets as collateral, so the bank has no problem loaning them the money for a $34M home because they have an excellent credit rating, a long history of paying their bills, and $269M in assets already.
Not saying that's the way things should be done, but that's the system we're in....paying interest on money we borrow, from a private bank, that named itself the Federal Reserve.
Branden
Not saying that's the way things should be done, but that's the system we're in....paying interest on money we borrow, from a private bank, that named itself the Federal Reserve.
Branden
Nothing is worth,... Anything,... until someone is willing to pay for it. Beyond that it is just monopoly money and liberal fantasy.
Go to any bank with the federal government's numbers and try to get a loan.
The debt to income ratio is fubar. If you make 60K a year and are spending 75K a year while never paying down the principal on your debts the bank will laugh in your face. Especially since your assets have zero value. The only thing that is waiting for us is total collapse or a Venezuela action. Where the Govt goes ape shit and seizes private industry.
The numbers that they use to put value to GDP are just as fake as the fiat paper money in your wallet.
You appear to be quoting figures that a vast majority of belongs to private homes and corporations. Also, over 50% of that is non-financial which includes likely real estate, copyrights and good-will.
A current national debt of $34T means exactly that. Our government is broke.
And they got there via their hand not mine, so when they whine they need more money & help, No Fucks Given.
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