Liberal Forum

Xavier_Onassis » 26 May 2023, 2:24 pm » wrote: ↑

26 May 2023, 2:24 pm

This is simplistic.
This is not what she meant. She meant that if you divided the number of citizens & taxpayers into the National Dept, that would be their share.
However, it does NOT mean that we owe the government this amount.

The Biden Open Border Disaster.
Who is going to pay for it ??    This morning the U.S. was 31.8 Trillion in the red.
Adams says that NYC has spent over 5 Billion housing 70,000 wetbacks.
Half of the motel rooms there are full & NY is paying double for each room.
That is the tip of the iceberg.    What about 700,000 ?   And then 7 Million??
That is just for Sanctuary City NYC.    What about all the others??

You really haven't thought this game through, have you?                  

Z09 » 26 May 2023, 2:25 pm » wrote: ↑

26 May 2023, 2:25 pm

Who do we owe $32 trillion too?

"WE" do not owe anyone with regard to the national debt.

The US government owes money to its creditors. Who are they? A majority are American citizens and corporations.
If I own shares in FSHBK, Fidelity Short Term Bond Fund, then I indirectly own US government Treasury Bonds.
For the past year to date, I would get a princely  0.36% interest.

Xavier_Onassis » 26 May 2023, 9:24 am » wrote: ↑

26 May 2023, 9:24 am

Forgiving the debt would mean not paying interest on the country's bonds or returning the capital loaned, which would be a disaster to the global financial system.

WGAF?
 

walkingstick » 26 May 2023, 1:58 pm » wrote: ↑

26 May 2023, 1:58 pm

how congress will save social security: start social security payments at 55. small print: those who start social security at 55 will be executed on their 65th birthday. /// 99% of people will sign up. again congress has a great plan!

Star Trek Next Generation series had an episode on that topic of euthanaisa at 65. in the late 1990's.

Xavier_Onassis » 26 May 2023, 2:27 pm » wrote: ↑

26 May 2023, 2:27 pm

No, what rot!
Unless a person is incapacitated, they cannot sign up to receive Social Security until they are 62.
The official expected age is 67½. 
There are no plans to execute citizens or anyone, you ignorant flake!
 

the future is now and anything is possible to happen that hasn't occurred already. Every new event sets the legal precedent for the day after.

ROG62 » 26 May 2023, 5:00 pm » wrote: ↑

26 May 2023, 5:00 pm

WGAF?

If the US defaults, pretty much everyone will give a huge ****, you ignorant dimwit.
The money in your accounts will be worth less, and the price of everything you buy will rise.

Xavier_Onassis » 27 May 2023, 10:54 am » wrote: ↑

27 May 2023, 10:54 am

If the US defaults, pretty much everyone will give a huge ****, you ignorant dimwit.
The money in your accounts will be worth less, and the price of everything you buy will rise.

It's already worthless as joe and the spend spend spend democrats have seen to that...
 

Xavier_Onassis » 27 May 2023, 10:54 am » wrote: ↑

27 May 2023, 10:54 am

If the US defaults, pretty much everyone will give a huge ****, you ignorant dimwit.
The money in your accounts will be worth less, and the price of everything you buy will rise.

We take in around 4 Trillion/yr.
More than any other nation on Earth.
We don't have an incoming revenue problem.
We have a spending problem.
The Socialist-Dems incessantly scream, "Spend More Money" !!!
That is the American financial problem.
And it seems that the disease is metastasizing.                 
@Z09  
@sooted up Cyndi