Living off of debt...

[g5000]

Newt is gone, and nobody else has the balls to balance the budget.

The key architect of the balanced budget was John Kasich. He not only balanced the federal budget, he went on to take the Ohio state budget from debt to surplus.

But the tard herd picked a dumbass game show host over Kasich in the 2016 primaries.

And now we are 3 trillion dollars more in debt, and climbing.

 

[g5000]

We the people do the same thing the country does...spend money we do not have..

Obama gave us more debt than all other presidents combined. Thats a fact. Where were you then

Trump is working very hard to beat Obama's record. Deficit Donald hates being second to anyone.

He's already doubled the deficit back to a trillion dollars.

 

[Cellblock2429]

/----/ Let me translate for them FREE EDUCATION and they just might like it if they try it. Besides, there are other sports that they can apply for, as well.

What is the difference between formal "education" and "brainwashing"?

In your opinion, what is the distinction?

A formal education teaches you to think.

Brainwashing does the opposite.

In order to think you have to risk being offensive and our society vilifies those they deem offensive.

/----/ "In order to think you have to risk being offensive and our society vilifies those they deem offensive."
View attachment 292108

You're a conservative, it's just a given that you are offended by everyone and everything.

/----/ It was a joke. Lighten up.

 

[AzogtheDefiler]

Sounds very familiar.

Of all the things about the financial services industry which piss me off, this is the one which pisses me off the most. In a low interest environment, investors create a demand for junk high yield instruments. Instead of resisting that pressure, the financial services industry only sees the opportunity to collect fees and so they do everything they can to satisfy the demand. They go totally gonzo creating the very instruments which will bring the whole thing crashing down.

They are totally screwing the capitalist pooch in the ass, and this is why the love of socialism was rekindled after 2008.

Yep, and we're doing very little to regulate this, of course.

Not fun to watch.
.

Why watch and get bummed out over something that you have no control over?

I have to pay close attention to stuff like this as I assemble, allocate and monitor client portfolios.

This affects people.

I also have to pay attention to politics for the same reason, unfortunately..
.

You actually get paid to do this fluffer job?

All this time I actually thought you really contributed to society like a plumber or a doctor.

The financial services industry is over 20 percent of the country's GDP, dumbass.

Did someone hit you on the head with a plumber's wrench?

You’re a coward. I wish You a miserable Thanksgiving

 

[Cellblock2429]

When wages can't keep close to prices for basics one has to find a way to survive

/----/

 

[LordBrownTrout]

The next reset will be a global mark/currency.

 

[keepitreal]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New saltYork’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Hmm, How do I put this?

I appreciate you...seriously

For the most part, I haven't 'followed' you here
because when it comes to anti Trumpers here
nothing they have to say is sensible...to me

I mean, fine, if you(in general)don't like Trump,
that's your opinion and one you are entitled to
but when every other issue/subject/topic they address
is like hearing from an alien on another planet, it's exhausting

But, the last few posts you've written that I did read
well, frankly I was impressed...for lack of a better word
I thought to myself, hey, this poster isn't like the others.
Even though this poster doesn't care for Trump
I like what they have to say concerning other issues/topics

I totally agree with your OP
The biggest problem in this country
is a lack of accountability and responsibility

I've said it before and I'll say it again...
It is not a matter of if it will, it's a matter of when it will
This house of cards will fall and when it does
many people are in for a rude awakening

You can not keep spending what you don't have
and borrowing what you can't pay back without any consequences

Every 10 years there is a financial crisis, we are due
Nothing was 'fixed' in '08, the inevitable was prolonged
That's it, that's all

Eventually, the only 'fix' left will be allowing the crash and burn

I look forward to reading more of your posts

Thanks. I am not a "never Trumper" though I truly do not like the man and many of his policies. But I was very happy about both his SCOTUS picks as well as his changing Fed Employee regulations to make it easier to get rid of dead weight in the Fed workforce.

When the last recession hit our deficit went up almost 10 told in less than 2 years. While that was bad it was manageable because the deficit during the good years prior was very low. What happens when our next recession hits and we get a 10 fold increase in the annual deficit? Can we absorb as much in a year as Obama added in 8?

I am not sure any of us want to live through a "crash and burn" and I sure do not want our kids to have to.

Thanks.

You're welcome

When the last recession hit our deficit went up almost 10 told in less than 2 years. While that was bad it was manageable because the deficit during the good years prior was very low.

Are you serious?

The deficit increase from the last meltdown was...
1)bad
2)manageable

Furthermore, how do you figure that exorbitant deficits
can be offset to the point of being manageable
when deficits are lower in the years prior?

Deficits are not manageable, spending is

What happens when our next recession hits and we get a 10 fold increase in the annual deficit? Can we absorb as much in a year as Obama added in 8?

The next meltdown will be the last time, the point of no return

I am not sure any of us want to live through a "crash and burn" and I sure do not want our kids to have to.

Live through=deal with

I know I didn't want to deal with a "crash and burn" back in '08
But damn it, I was willing to, regardless of not wanting to

I was more than willing to endure what I didn't want to deal with
because I didn't want it to cost my children and future generations
a greater price later on then it would've cost us and our country then

Instead of paying the check like we should have
we stuck them with the tab and the accumulating interest
Dine and dash

Instead of us unifying and forcing an internal, intestinal cleansing
to flush out the impacted shit plaguing our system for YEARS
and allowing the consequences...

I thank God every day He keeps me afloat
in this pathetic sea of human complacency