How much in debt are you.

[brainsee]

The electoral system decides a lot about the make up of how things work. Take a look at countries with Proportional Representation and how they work and you'll see how important the electoral system is.

If only I could have a real discussion with you on the matter. But the slave masters won't allow us slaves to talk about slavery. Maybe if you sent me a PM something could be arranged.

 

[g5000]

Also, there are varying estimates as to what our yearly trade imbalance is with China alone. I have seen estimates that ranged from 257 billion to about 420 billion. So each year we go even deeper into debt by that much just from "trade" with China. Which of course makes paying off such an impossible debt even more unlikely.

A trade deficit is not a debt. There is nothing to pay off.

It means we have already transferred our wealth to China in the amount of that trade deficit.

As you can guess from what I said earlier, I am definitely not a Trump supporter. But Biden's solution to this problem seems to be to let as many lowlife invaders from south of the border into the U.S. as he can. Maybe what we need is an amoral, psychopathic, would be dictator with delusions of grandeur as president. It seems to me that we couldn't do much worse.

Your understanding of trade deficits, federal deficits, and federal debt are so confused and wrong, you are unable to make a rational argument or decision about anything.

 

[brainsee]

Yes, it is filled with far left socialist democrats.

Imagine a puppeteer having a democrat puppet on one hand and a republican puppet on the other hand. It is the puppeteer who really controls things. Not the puppets.

 

[Toddsterpatriot]

No, our trade deficit is about $23 billion.

It was about $945 billion in 2022.

 

[g5000]

It was about $945 billion in 2022.

Which is a long way from $34 trillion.

 

[Winco]

Yes, it is filled with far left socialist democrats.

So funny how you define people.

Facts to the OP. "How much in Debt are You"

1). I have a House Loan (mortgage) of $70,000+ on a $800,000 Home.
2). I have a Car Loan of $20,000+ for 3 more years, I own 2 others.
3). Visa, Which I pay off Every Month before any BOA Interest is applied.

4). Nothing Else...... I guess I'm Good.

1+2 = $1600 (Taxes included) + 360 (Car)= $1960 per Month.

 

[frigidweirdo]

If only I could have a real discussion with you on the matter. But the slave masters won't allow us slaves to talk about slavery. Maybe if you sent me a PM something could be arranged.

I talk about this ALL THE TIME on here without any problems.

 

[Toddsterpatriot]

Which is a long way from $34 trillion.

Yes, the OP is a moron.

 

[Winco]

How would you know how old my brother is. And if he was on disability, other presidents besides Trump paid for that disability. Which he himself would have paid for anyway through many years of paying a Social Security tax.

I certainly don't know the age of such.
My brother is 67, No retirement, Wife has been on government funds for 40+ years.

Those are my facts.

Trump set a new record for getting many millions of votes more than any other sitting president in history.

TRUE.

But MILLIONS, upon MANY millions, registered to vote, and did they Vote.
Yes they did.
The FACTS speak for the VOTES.

81M > 74M.
IT HURTS.

 

[brainsee]

You did, when you said this......

Our trade deficit is around 34 trillion dollars.



If I buy a case of beer from Germany, how does that add to our debt?



It does.



An unfunded obligation isn't a debt.





I was talking about unfunded assets. Try to keep up.

You are right. I misspoke. What I meant to say was that our national debt was around 34 trillion dollars. Consider that a kind of typo. Forget I said it. Because that wasn't what I meant to say to begin with. Unfortunately I can't go back and correct it. Next, any money you have is American money. If you buy a case of beer from Germany, that American money is then owned by Germany. And it is that much money less that America has. That makes them richer and us poorer. That is a kind of debt.

Next, it does of course make a difference what you are paying interest on. After all, paying the interest on a 234 trillion debt would be much worse than paying interest on a 34 trillion dollar debt. But when it comes to the debt-obligation itself, it doesn't make a lot of difference. Just as paying interest on just the 34 trillion dollar debt does nothing to make it go down.

Next, it doesn't make much difference to quibble over the difference between a debt and an obligation. You are obliged to pay for both. Next, how much in assets does the average American have. Not enough to pay off our national debt alone.

 

[Toddsterpatriot]

If you buy a case of beer from Germany, that American money is then owned by Germany. And it is that much money less that America has. That makes them richer and us poorer. That is a kind of debt.

Nope. Me exchanging cash with anyone, here or in Germany, isn't a kind of debt.

Not even a little bit.

 

[brainsee]

What do you do with it? Shove it up your ass?


Good, now link me to the government study where they proved that.


That has already been shown here many times. Just do a search for it. You got the brains.


Trump set a new record for getting many millions of votes more than any other sitting president in history. Another record turn out just like in New Hampshire.

Next up: Nevada.

You insult me. And you expect me to actually debate you? Isn't going to happen. Get somebody else to ask me your questions for you.

 

[Toddsterpatriot]

You are right. I misspoke. What I meant to say was that our national debt was around 34 trillion dollars. Consider that a kind of typo. Forget I said it. Because that wasn't what I meant to say to begin with. Unfortunately I can't go back and correct it. Next, any money you have is American money. If you buy a case of beer from Germany, that American money is then owned by Germany. And it is that much money less that America has. That makes them richer and us poorer. That is a kind of debt.

Next, it does of course make a difference what you are paying interest on. After all, paying the interest on a 234 trillion debt would be much worse than paying interest on a 34 trillion dollar debt. But when it comes to the debt-obligation itself, it doesn't make a lot of difference. Just as paying interest on just the 34 trillion dollar debt does nothing to make it go down.

Next, it doesn't make much difference to quibble over the difference between a debt and an obligation. You are obliged to pay for both. Next, how much in assets does the average American have. Not enough to pay off our national debt alone.

Next, it does of course make a difference what you are paying interest on. After all, paying the interest on a 234 trillion debt would be much worse than paying interest on a 34 trillion dollar debt.

It would be much worse. Are we paying interest on $234 trillion?

Next, it doesn't make much difference to quibble over the difference between a debt and an obligation. You are obliged to pay for both.

Let's say I write a note to my kid, "I owe you $1 trillion".
Am I paying interest on that note? Have I changed the net worth
of my family with that note?

If that note is an unfunded obligation to my kid, it is also an unfunded asset to my kid.

Can I default on that note? If I do, have I changed the net worth of my family?

 

[brainsee]

No, our trade deficit is about $23 billion.

I think you meant to say our federal debt.

As for Dementia Donny paying that off...BWA-HA-HA-HA-HA!

Let me give you a little history flashback:

THE HOAX:

Trump: I will eliminate U.S. debt in 8 years​

The Fact:

US budget deficit balloons to nearly $1 trillion for fiscal 2019​

Lyin' Donald DOUBLED the deficit. Before Covid.

Dollars to donuts says he will play the same hoax on the same rubes again, and they will fall for it again.

Yes, somebody already pointed out my mistake earlier. Of course, that isn't what I actually meant to say to begin with. What I meant to say was that our national debt was around 34 trillion dollars. Next, I looked it up myself. The trade deficit was anywhere between the numbers I gave. It guess it depends on which website you choose to believe. As for Trump, I am no Trump supporter. I thought I made that obvious.

 

[brainsee]

Yes, the OP is a moron.

Try telling me in what way. And don't bring up that mistake of saying trade deficit when I meant to say national debt.

 

[Toddsterpatriot]

Try telling me in what way. And don't bring up that mistake of saying trade deficit when I meant to say national debt.

In all the ways I've corrected your errors in this thread.

 

[brainsee]

Nope. Me exchanging cash with anyone, here or in Germany, isn't a kind of debt.

Not even a little bit.

What if our National Debt was 0. And the amount of money the U.S. had was also 0. But you personally had the ability to buy and pay for anything. Though making the U.S. responsible for paying for what you bought. And you bought a case of beer from Germany that cost 34 trillion dollars. Your buying that case of beer would put the U.S. 34 trillion dollars into debt.

 

[brainsee]

Next, it does of course make a difference what you are paying interest on. After all, paying the interest on a 234 trillion debt would be much worse than paying interest on a 34 trillion dollar debt.

It would be much worse. Are we paying interest on $234 trillion?

Next, it doesn't make much difference to quibble over the difference between a debt and an obligation. You are obliged to pay for both.

Let's say I write a note to my kid, "I owe you $1 trillion".
Am I paying interest on that note? Have I changed the net worth
of my family with that note?

If that note is an unfunded obligation to my kid, it is also an unfunded asset to my kid.

Can I default on that note? If I do, have I changed the net worth of my family?

You aren't coming up with any logical arguments any more. Time to give it a rest.

 

[brainsee]

In all the ways I've corrected your errors in this thread.

And I corrected your "corrections." So now what.

 

[brainsee]

A trade deficit is not a debt. There is nothing to pay off.

It means we have already transferred our wealth to China in the amount of that trade deficit.



Your understanding of trade deficits, federal deficits, and federal debt are so confused and wrong, you are unable to make a rational argument or decision about anything.

I understand everything I am talking about. It's you who doesn't, sucker. If you pay for something with money you don't have, that increases our national debt.