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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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
So the wheels started falling off the train 50 years ago. Slowly, and now suddenly. But she's still got another 20 years in her. On all the things that got us here, we accelerate.
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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.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.
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.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.
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 $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday.
Yellen said the funding would make the United States the largest supporter of the IMF’s Poverty Reduction and Growth Trust (PRGT), which provides zero-interest rate loans to support low-income countries as they work to stabilize their economies, boost growth and improve debt sustainability.
See a better way would be opposing guillotines races. They either hold the opposing control in their mouth or with their hands. Looking at each other when one let's go the other one us going to let go.even better make them hold blindfolded so they can't see the other person "hanging on" until they're not.Term limits? Your term is over congressman. please report to out processing.
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The majority of the debt is nothing more than an IOU in the federal reserve bank. China doesn't hold that much for it to matter.The only way we are going to get out of debt is to go to war with China. If we win we don't owe them shit. If we lose? They get everything just like if we don't go to war with them.
What you are describing is a pyramid scheme.The majority of the debt is nothing more than an IOU in the federal reserve bank. China doesn't hold that much for it to matter.
Currently it's 1.5 trillion dollars a year to service the interest on the debt. It wasn't that long ago that the total debt was 1.5 trillion dollars.
Unfunded debt is the elephant in the shadows
Speaker Johnson has really turned out to be a !@$% spineless twat
Fucking Wimp!Speaker Johnson has really turned out to be a !@$% spineless twat
Just curious....Speaker Chaos Redux: MTG Files Vacate Motion - Victory Girls Blog
Here we go again - Representative Marjorie Taylor Greene has filed a motion to oust Speaker Johnson, and who would want this job anyway?victorygirlsblog.com
Speaker Johnson has really turned out to be a !@$% spineless twat
Shutting down the Government was exactly what the Democrats were hoping for...Fucking Wimp!
Maybe its time for a true Constitution party. Its clear neither current party gives a crap what happens to this country
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.
The pyramid has been upside down for a long time.What you are describing is a pyramid scheme.
Yep.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.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!
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
Go to any bank with the federal government's numbers and try to get a loan.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
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.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.
And they got there via their hand not mine, so when they whine they need more money & help, No Fucks Given.A current national debt of $34T means exactly that. Our government is broke.