Starve the beast ideology of the right.

[boilermaker55]

ReaganBushDebt.org
Well worth the time to investigate who and how the national debt is propagated.
The Current ReaganBush Debt is:
$17,984,386,564,714.20
which means that in a total of 20 years,
these three presidents have led to the creation of
93.64%
of the entire national debt
in only 8.3333% of the 240 years of the existence of the United States of America.

 

[BluesLegend]

The debt is snowballing out of control, that's what debt does when you keep borrowing and never pay off a dime. If you want to shit yourself go add up how much interest we paid on this over the last 10 years.

 

[bendog]

ReaganBushDebt.org
Well worth the time to investigate who and how the national debt is propagated.
The Current ReaganBush Debt is:
$17,984,386,564,714.20
which means that in a total of 20 years,
these three presidents have led to the creation of
93.64%
of the entire national debt
in only 8.3333% of the 240 years of the existence of the United States of America.

That's why I voted Trump in my primary. I don't really have an issue with Reagan, because had defense spending been drastically reduced after the cold war ended, it would have worked out. And, towards the end of W's term, if the taxcuts hadn't been made in his first term, we'd have neared a balanced budget.

Right now we need increased consumer demand and a spending cut. How to get that remains the question.

 

[Asclepias]

Dont panic. The world revolves around debt now. Nothing is going to happen. Worse case scenario is that they will just print more money.

 

[gipper]

Dont panic. The world revolves around debt now. Nothing is going to happen. Worse case scenario is that they will just print more money.

The worst case scenario is not as you describe.

If the dollar loses it's status as the world's reserve currency, printing more dollars won't do shit but further devalue the dollar. What if another nation, say Russia or China backs their currency with gold or silver? That currency would then be of much greater demand and possibly unseat the dollar as the world's reserve currency. Thus forcing the US to pay it's debts in gold or silver...or convert dollars to the new reserve currency.

 

[Asclepias]

Dont panic. The world revolves around debt now. Nothing is going to happen. Worse case scenario is that they will just print more money.

The worst case scenario is not as you describe.

If the dollar loses it's status as the world's reserve currency, printing more dollars won't do shit but further devalue the dollar. What if another nation, say Russia or China backs their currency with gold or silver? That currency would then be of much greater demand and possibly unseat the dollar as the world's reserve currency. Thus forcing the US to pay it's debts in gold or silver...or convert dollars to the new reserve currency.

Have you asked yourself why our currency isnt backed by gold?

 

[bendog]

Not to worry. Drumpf is the "King of Debt"

 

[Siete]

not a problem "we" plan to negotiate the value of the T bonds our investors hold and print the balance. 20 trillion disappears in less than 30 minutes .. " I love debt" " .. " I'm the king of debt "

 

[gipper]

Dont panic. The world revolves around debt now. Nothing is going to happen. Worse case scenario is that they will just print more money.

The worst case scenario is not as you describe.

If the dollar loses it's status as the world's reserve currency, printing more dollars won't do shit but further devalue the dollar. What if another nation, say Russia or China backs their currency with gold or silver? That currency would then be of much greater demand and possibly unseat the dollar as the world's reserve currency. Thus forcing the US to pay it's debts in gold or silver...or convert dollars to the new reserve currency.

Have you asked yourself why our currency isnt backed by gold?

No.

 

[ptbw forever]

ReaganBushDebt.org
Well worth the time to investigate who and how the national debt is propagated.
The Current ReaganBush Debt is:
$17,984,386,564,714.20
which means that in a total of 20 years,
these three presidents have led to the creation of
93.64%
of the entire national debt
in only 8.3333% of the 240 years of the existence of the United States of America.

 

[boilermaker55]

We get it, teabaggers like you cannot deal with statistics and proof.
Listen to "the donald" more.

ReaganBushDebt.org
Well worth the time to investigate who and how the national debt is propagated.
The Current ReaganBush Debt is:
$17,984,386,564,714.20
which means that in a total of 20 years,
these three presidents have led to the creation of
93.64%
of the entire national debt
in only 8.3333% of the 240 years of the existence of the United States of America.

 

[Fair&Balanced]

Why did you leave out Obama?

Here's some actual facts, Bush Jr racked up $2.93T in deficits in his two terms in office.

That's a shit load of money

By the end of his final fiscal budget, Obama will have racked up $6.695T in debt.

Of course , as anyone with a functioning brain realizes, it's always MUCH more complicated than saying "The President had a huge deficit"

 

[boilermaker55]

Obviously you didnt look at the statistics.
Nice try.

Why did you leave out Obama?

Here's some actual facts, Bush Jr racked up $2.93T in deficits in his two terms in office.

That's a shit load of money

By the end of his final fiscal budget, Obama will have racked up $6.695T in debt.

Of course , as anyone with a functioning brain realizes, it's always MUCH more complicated than saying "The President had a huge deficit"

 

[Fair&Balanced]

Obviously you didnt look at the statistics.
Nice try.

Why did you leave out Obama?

Here's some actual facts, Bush Jr racked up $2.93T in deficits in his two terms in office.

That's a shit load of money

By the end of his final fiscal budget, Obama will have racked up $6.695T in debt.

Of course , as anyone with a functioning brain realizes, it's always MUCH more complicated than saying "The President had a huge deficit"

oh, for sure one of us is ignoring actual stats.


Nice try my ass you ignoramus.

 

[Asclepias]

Dont panic. The world revolves around debt now. Nothing is going to happen. Worse case scenario is that they will just print more money.

The worst case scenario is not as you describe.

If the dollar loses it's status as the world's reserve currency, printing more dollars won't do shit but further devalue the dollar. What if another nation, say Russia or China backs their currency with gold or silver? That currency would then be of much greater demand and possibly unseat the dollar as the world's reserve currency. Thus forcing the US to pay it's debts in gold or silver...or convert dollars to the new reserve currency.

Have you asked yourself why our currency isnt backed by gold?

No.

A typical sign of intelligence is asking exploratory questions and finding the answer. Hint. It has something to do with the nature of the federal reserve. Did you know that if you put $20 in the bank and the bank loans out that money the bank now has $40 credit as far as the Feds are concerned?

 

[Iceweasel]

Didn't make it past "Reagan Bush debt" ...LOL

 

[gipper]

Dont panic. The world revolves around debt now. Nothing is going to happen. Worse case scenario is that they will just print more money.

The worst case scenario is not as you describe.

If the dollar loses it's status as the world's reserve currency, printing more dollars won't do shit but further devalue the dollar. What if another nation, say Russia or China backs their currency with gold or silver? That currency would then be of much greater demand and possibly unseat the dollar as the world's reserve currency. Thus forcing the US to pay it's debts in gold or silver...or convert dollars to the new reserve currency.

Have you asked yourself why our currency isnt backed by gold?

No.

A typical sign of intelligence is asking exploratory questions and finding the answer. Hint. It has something to do with the nature of the federal reserve. Did you know that if you put $20 in the bank and the bank loans out that money the bank now has $40 credit as far as the Feds are concerned?

The reason our currency is not backed by anything, is it allows the political elites and the banksters to generate a huge national debt. If it were limited by gold or silver, how could they get to $20 trillion in debt?

Now if we lose the reserve currency status, this would prevent the Fed and the fucking politicians and banksters from printing more fiat money. This may be why the US Gov is causing problems for China and Russia...nobody is going to unseat the dollar without the assholes causing WWIII.

And if you put $20 in the bank, the banksters create money out of thin air with it. It is called fractional reserve banking.

 

[Slade3200]

The debt is snowballing out of control, that's what debt does when you keep borrowing and never pay off a dime. If you want to shit yourself go add up how much interest we paid on this over the last 10 years.

Who are we paying the interest to?

 

[Asclepias]

The debt is snowballing out of control, that's what debt does when you keep borrowing and never pay off a dime. If you want to shit yourself go add up how much interest we paid on this over the last 10 years.

Who are we paying the interest to?

I'm telling yall its a racket.

5 facts about the national debt: What you should know

Shit. i didnt know this.

"the Federal Reserve system’s holdings are considered debt held by the public, not intragovernmental debt."

 

[Slade3200]

Dont panic. The world revolves around debt now. Nothing is going to happen. Worse case scenario is that they will just print more money.

The worst case scenario is not as you describe.

If the dollar loses it's status as the world's reserve currency, printing more dollars won't do shit but further devalue the dollar. What if another nation, say Russia or China backs their currency with gold or silver? That currency would then be of much greater demand and possibly unseat the dollar as the world's reserve currency. Thus forcing the US to pay it's debts in gold or silver...or convert dollars to the new reserve currency.

No other major currency can just switch to a Gold or Silver standard, that is a thing of the past. Also at this time, there is no realistic threat from another world currency of taking over the dollars status as the worlds reserve currency. There is too much corruption and manipulation in China and no other currency has the stability as the dollar or poses a threat. Our economy is run on debt, it is very different than a personal or business financial system. So many that critique the debt don't even know what it really is...