A Govt That Must Borrow $1T to Cover Interest on Debt, and Another $1T for Operating Costs

[Weatherman2020]

What happens when you have leadership that’s never worked a day in their lives.

Bidenomics in action. Only way out now is a violent revolution. Which at the latest will occur when this house of cards implodes.

US Debt Interest Bill Rockets Past a Cool $1 Trillion a Year

(Bloomberg) -- US Treasuries may face renewed selling pressure into the new year if one measure of the nation’s swelling debt repayment bill is any guide. Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the...

finance.yahoo.com

 

[kyzr]

There will be weeping and gnashing of teeth....

 

[Oddball]

Hurry!...Get another $50 billion to Tenpercentskyy!

 

[Harry Dresden]

There will be weeping and gnashing of teeth....

and Hear the lamentations of their women.......

 

[kyzr]

and Hear the lamentations of their women.......

$9 for a box of cereal loses soccer moms.

Biden's war on energy affects the cost of everything. The rise in the cost of gas and electricity is the driver for increasing prices.

Inflation in America: Track where prices are rising and falling

NBC News is tracking monthly inflation levels for gas, flights, groceries and more.

www.nbcnews.com

 

[BlindBoo]

Since Jimmy Carter's paltry 208 billion deficit, how much of the debt was added by Reagan the two Bushes, and Trump compared to the amount added by Clinton, Obama and Biden?

Meh, 13.6 trillion verse about 11.4 trillion.

Congrats fellow Americans we all helped.

U.S. Debt by President: Dollar and Percentage

The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.

www.investopedia.com

 

[Harry Dresden]

hey not me....i didnt help at all....

 

[Weatherman2020]

Since Jimmy Carter's paltry 208 billion deficit, how much of the debt was added by Reagan the two Bushes, and Trump compared to the amount added by Clinton, Obama and Biden?

Meh, 13.6 trillion verse about 11.4 trillion.

Congrats fellow Americans we all helped.

U.S. Debt by President: Dollar and Percentage

The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.

www.investopedia.com

 

[Woodznutz]

There will be weeping and gnashing of teeth....

The fiery preacher railed at the congregation with the threat of unrepented sin being punished in a place where there would be "weeping and gnashing of teeth". A frightened senior lady cried out, "But I don't have any teeth", to which the preacher responded firmly, "TEETH......WILL BE PROVIDED!"

 

[Woodznutz]

View attachment 855196
What happens when you have leadership that’s never worked a day in their lives.

Bidenomics in action. Only way out now is a violent revolution. Which at the latest will occur when this house of cards implodes.

The best way out is to pay some of the interest with cash, right off the printing press. No borrowing, no Fed Reserve. Some government contracts can also be funded this way. This will infuse the economy with equity instead of more debt.

 

[Weatherman2020]

The best way out is to pay some of the interest with cash, right off the printing press. No borrowing, no Fed Reserve. Some government contracts can also be funded this way. This will infuse the economy with equity instead of more debt.

Yeah, and create hyperinflation so a loaf of bread costs $43,000 aka Zimbabwe.

 

[BlindBoo]

Biden's war on energy affects the cost of everything.

"For most of 2021 and 2022, broad swaths of the economy dealt with supply chain disruptions that affected the availability of wine and video game consoles to cars and eggs. For cars and consumer electronics, even if manufacturers wanted to build more items, they didn't have enough computer chips or raw materials to do so for more than a year."

"Many industries, including oil refining, cars and airlines, cut staff and production in 2020 at the outset of the Covid-19 pandemic, leaving them understaffed when demand for travel roared back."

"Russia’s invasion of Ukraine and subsequent oil embargoes by the U.S. and the European Union have also further strained the global energy supply,"

Beside we're producing record amounts of energy.

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Worst war on Energy evah!

 

[kyzr]

The fiery preacher railed at the congregation with the threat of unrepentant sin being punished in a place where there would be "weeping and gnashing of teeth". A frightened senior lady cried out, "But I don't have any teeth", to which the preacher responded firmly, "TEETH......WILL BE PROVIDED!"

Hellfire and brimstone used to get people's attention. LOL!!

Point being that if/when the dollar collapses there will be _______________________ .

 

[Woodznutz]

Yeah, and create hyperinflation so a loaf of bread costs $43,000 aka Zimbabwe.

Not the way it works. We can create money without creating debt.
I recently gave my kids $5000 each as both are struggling. How would they be helped if I loaned it to them, with interest due?

 

[BlindBoo]

hey not me....i didnt help at all....

So you don't vote or pay taxes?

 

[TNHarley]

Congrats fellow Americans we all helped.

Not me.
I didnt vote for those dipshits.

 

[Weatherman2020]

"For most of 2021 and 2022, broad swaths of the economy dealt with supply chain disruptions that affected the availability of wine and video game consoles to cars and eggs. For cars and consumer electronics, even if manufacturers wanted to build more items, they didn't have enough computer chips or raw materials to do so for more than a year."

"Many industries, including oil refining, cars and airlines, cut staff and production in 2020 at the outset of the Covid-19 pandemic, leaving them understaffed when demand for travel roared back."

"Russia’s invasion of Ukraine and subsequent oil embargoes by the U.S. and the European Union have also further strained the global energy supply,"

Beside we're producing record amounts of energy.

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Worst war on Energy evah!

Gas is 50% higher than 2019 where I live.

 

[Weatherman2020]

Not the way it works. We can create money without creating debt.
I recently gave my kids $5000 each as both are struggling. How would they be helped if I loaned it to them, with interest due?

Hey, why stop? Just print a surplus and hand out money!

 

[kyzr]

"For most of 2021 and 2022, broad swaths of the economy dealt with supply chain disruptions that affected the availability of wine and video game consoles to cars and eggs. For cars and consumer electronics, even if manufacturers wanted to build more items, they didn't have enough computer chips or raw materials to do so for more than a year." "Many industries, including oil refining, cars and airlines, cut staff and production in 2020 at the outset of the Covid-19 pandemic, leaving them understaffed when demand for travel roared back."
"Russia’s invasion of Ukraine and subsequent oil embargoes by the U.S. and the European Union have also further strained the global energy supply,"
Beside we're producing record amounts of energy. Worst war on Energy evah!

You can make excuses if you want, but the sad facts are that the cost of energy is increasing. Energy affects the cost of everything.
We'll see in 2024 if voters give Biden's energy policies a pass or if they vote for Republicans and drill baby drill.

 

[Woodznutz]

Hey, why stop? Just print a surplus and hand out money!

Money paid for services rendered isn't a handout.

It's the same difference between whether a business can pay its bills in cash, or needs to constantly maintain a business loan.