CuleokaBob
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- #21
Hey stupid.Hey stupid,default would ADD to the debt
Bankrupt. Tell the creditors to go fuck themselves. The American way
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Hey stupid.Hey stupid,default would ADD to the debt
Hey Moran,Hey moron, what happens when our credit rating gets downgraded?
Default would cause that to happen and it HAS consequences
I propose #2.There are exactly two options.
1. raise taxes to cover the $2T interest on the Debt
2. default on the Debt and deal with never borrowing another dollar
From what I read here you WANT that to happen as soon as possibleHey Moran,
The USA is not going to the the World Currency Reserve forever. Pretty soon we are gong to have to stop printing money.
Your buddy boy Biden is making sure this comes to an end ASAP.
Two stupid and unworkable “thoughts” if you can call them thatI propose #2.
Over and done.
These fucks would have to tax us to death forever.
Fuckem. Default and never borrow again.
Think about that. We can't start wars around the world at a whim.
Absolutely. We been kicking the can for way too long. It will only get worse. High taxes. they will tax the middle class to deathFrom what I read here you WANT that to happen as soon as possible
I have seen some of your posts.Two stupid and unworkable “thoughts” if you can call them that
What does continually spending more and more money do?Hey stupid,default would ADD to the debt
Ohhh nooooo!....The feds can't borrow more funny money because their credit sucks!Hey moron, what happens when our credit rating gets downgraded?
Default would cause that to happen and it HAS consequences
inflation at 2% or so is NOT taking care of the DEBT, have you not seen the Debt exploding to $33T?Or continue as we always do and let inflation take care of the debt like it always does.
And the interest is most definitely NOT 2T
I assume you're a Trump supporter?I propose #2.
Over and done.
These fucks would have to tax us to death forever.
Fuckem. Default and never borrow again.
Think about that. We can't start wars around the world at a whim.
Where?I assume you're a Trump supporter?
I think the US Constitution prohibits a default
It is going to happen eventually. Why kick the can down the road. Get it over and let the chips fall where they may.
Perhaps you prefer the other option to eliminate debt? WWIII.
NONE of that is even close to true.inflation at 2% or so is NOT taking care of the DEBT, have you not seen the Debt exploding to $33T?
interest on the Debt will hit $2T shortly as the Fed continues to raise interest rates
Where are the politicians in the United States with the will to pay off this massive debt over a long period of time, and the ability to continue to get elected while taking the necessary, extremely politically unpopular positions necessary to actually get it done? Truly paying off the debt is the most unlikely and utopian option conceivable.The best way to eliminate debt is to pay it off.
No massive economic collapse needed.
How could not spending any more than we take in at $5.6 trillion a year have any negative consequences?I oppose Trump's view and instead agree that a default would have major negative economic consequences and should be avoided. What I don't agree with is the dismissive liberal view that disciplined economic spending limits are simply an act of conservatives playing political football.
Really ...let's do this shitFound this oldie but goodie.
Is it time to get the inevitable over with? How far down the road can you kick the can? I won't blame Biden, I will blame both parties.
Default, get it over with. I am ready, are you.
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Life After Default | CEA | The White House
By Chair Cecilia Rouse, Ernie Tedeschi, Martha Gimbel, and Bradley Clark The credit of the United States is built on centuries of stability and responsibility. This country has never intentionally defaulted on its obligations because of the debt limit. But the U.S. Treasury Department estimates...www.whitehouse.gov