Posted on 07/23/2018 10:42:32 AM PDT by Kaslin
Make a list of the countries which have better fiscal management than the United States right now. The list is quite short. Places like Switzerland, Singapore and maybe a few surprises like the Czech Republic.
Now make a list of the countries with worse fiscal management. That list is quite large and even includes massive economies like China-- home of new shopping malls which are nearly empty, unsustainable military spending and billions in U.S. Treasury notes not because they love us, but because they can't find a safer return.
Understand how fractional reserve banking operates. Deposit $1000 and get a $10 annual return at 1%. That $1000 enables the bank to loan $5000 which they will probably not loan out at less than 5% or a $250 annual return. Call it $242 after a 3% allowance for default. They are basically making 24:1 less the usual costs for salaries and offices. And bankers are mostly pikers compared to places like the fed, insurance companies and the like.
Good point.
While no economist, banker, billionaire developer, I’m thinking all of this can be laid on the lap of just a few...
Wall St, in all its greedy, business destroying corruption https://en.wikipedia.org/wiki/Generation_Zero
Politicians buying votes and letting corporations turn them into puppets, while selling out the American people...
Funny how there hasn’t been much, if ANY, coverage of this. Surprised the guy and his grad assistants are still alive.
The billions and billions and billions that go to illegals, their BS birthright citizen spawn and refugees. All so the Dems can ensure their voting base in the next few years.
You will also need a group of like-minded people for when the hordes show up. Nobody is going to be able to go it alone. Think of small towns far removed from big cities.
Huh? I’ve been sitting here trying to figure that out. Makes my brain hurt.
Hint. Think of a hit song by REM (1980’s)
(And I feel fine)
Or not:
Feds Collect Record Individual Income Taxes Through June; Still Run $607B Deficit
Well yes, we do care. And yes, someone is doing something.
Apparently not. Certainly not in Congress.
In about 9 years!
Bingo!! The most important problem facing our nation is ILLEGALISM. It adds billions to the deficit/debt every year.
Lately, land has served as real currency. All those sky-high prices for real estate property reflects the devaluing of the dollar, which has lost much of its value since 2001. Put your money in real estate, and it gains value faster than gold.
As for interest rates, I've noticed the quickening rise of interest rates. Currently getting over 2-1/2 percent on my money, better than the measly under 1 percent not long ago. Helps me, but bad for federal debt. Debt-free and own property, that's the way for survival in the days ahead (and armed).
Tough to buy a cold beer with land, but I agree with you.
Debt-free and property owner as well.
I used to worry about this a lot.
It's now apparent that the debt issuers are going to get screwed, so I worry about it less.
YAWNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
Or, Trump's new tariffs will pay off the debt.
There needs to be a Balanced Budget Amendment.
DoodleDawg, did you expect the deficit spending to stop the very day Trump was sworn in? I didn’t.
I knew it would take time. I expected it to take 2-4 years after the tax cuts were signed into law.
I do believe Trump has put the initial pieces in place, and I expect receipts to increase plenty more over the next few years.
I didn't expect a balanced budget day one. But I had hoped that the deficit would begin to go down and not go up to the trillion dollar range.
I do believe Trump has put the initial pieces in place, and I expect receipts to increase plenty more over the next few years.
What good are increased revenues if expenses grow at an even faster rate? And what if revenues don't continue to increase but spending does? After all, we're going to have a business downturn sooner or later. What then?
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