U.S. debt tops $38 trillion for the first time, worsened by government shutdown

[leftwinger]

My friend doesn't have a real job. He used to work for circus OLE. I'm not going to bother trying to spell it correctly. Today, he teaches boys how to pick girls up on the ice. Figure skaters. How much do you think that pays? It pays $100 a day. Not a lot. You believe in God right? Thank GOD someone showed the dumb bastard how to sign up for free Obamacare. He got prostate cancer a year later.

What would have happened to him if he didn't have it? You don't care. Because you are a good christian piggy.

Always a story from Stain. Then he would die without any care? BS, he would be on welfare, medicaid, food stamps....all of it. Get a real job and stay in it. You would be buying g your own insurance at work but medicaid would give him probably better coverage without $10000 deductibles you dumb OX .

 

[Darlo kittu]

My friend doesn't have a real job. He used to work for circus OLE. I'm not going to bother trying to spell it correctly. Today, he teaches boys how to pick girls up on the ice. Figure skaters. How much do you think that pays? It pays $100 a day. Not a lot. You believe in God right? Thank GOD someone showed the dumb bastard how to sign up for free Obamacare. He got prostate cancer a year later.

What would have happened to him if he didn't have it? You don't care. Because you are a good christian piggy.

That does not tell me what is affordable. Obozo and Dems huffed Obozocare would fix our broken healthcare system

Ah his healthcare insurance is not free. Taxpayers are paying for it

Instead of fixing heakthcare insurance Obozocare is a massive welfare program

 

[Stryder50]

The "time machine" function at this site will show how the Deficit and Debt are constant creep up, increasing.

https://www.usdebtclock.org/

 

[sparky]

I am completely lost on what you are talking about.

What is this supposed to look like.

If everything suddenly doubles, then the debt doubles too.

If that does not happen, then you've just created a huge loss of buying power for everyone who holds savings.

apologies as i'm apparently unable to spit it out Hiker....... i do know there's a relationship betwixt revaluation and national debt.......perhaps some of the more enlightened writers here could chime in.......

fwiw< AI sezs>>>>
AI Overview




Revaluation, particularly of gold reserves, is a proposed strategy to improve a nation's balance sheet and potentially manage national debt by recognizing assets at market value, unlike debt which represents liabilities; revaluing assets could increase perceived wealth, lower debt-to-asset ratios, and offer fiscal flexibility, but might also spark inflation or challenge the dollar's role, whereas national debt is the accumulation of government borrowing. While debt is a liability, revaluation makes assets (like gold) look more valuable, potentially offsetting debt's impact on fiscal health.

for further consideration>>

Fed Prepares Gold Revaluation as Debt Crisis Escalates - Buy Gold And Silver

The Fed is exploring a U.S. gold revaluation to manage the debt crisis—a move that could redefine gold's role and devalue the dollar overnight.

www.itmtrading.com

~S~

 

[sealybobo]

Always a story from Stain. Then he would die without any care? BS, he would be on welfare, medicaid, food stamps....all of it. Get a real job and stay in it. You would be buying g your own insurance at work but medicaid would give him probably better coverage without $10000 deductibles you dumb OX .

Are you suggesting they organize into unions and go on strike to insist their employers provide them with healthcare? I think that's a great idea.

Around 60% of Americans get health insurance through their job, making it the most common source, though rates vary by age (over 60% for non-elderly) and employer size, with many workers having access but not always enrolling in their employer's plan. The U.S. Census Bureau found it covered about 53.8% of the total population, while KFF reports about 164.7 million people (60% of under-65) had employer-sponsored insurance in 2023.

You're talking about 40% of us who are under 65

 

[HikerGuy83]

apologies as i'm apparently unable to spit it out Hiker....... i do know there's a relationship betwixt revaluation and national debt.......perhaps some of the more enlightened writers here could chime in.......

fwiw< AI sezs>>>>
AI Overview




Revaluation, particularly of gold reserves, is a proposed strategy to improve a nation's balance sheet and potentially manage national debt by recognizing assets at market value, unlike debt which represents liabilities; revaluing assets could increase perceived wealth, lower debt-to-asset ratios, and offer fiscal flexibility, but might also spark inflation or challenge the dollar's role, whereas national debt is the accumulation of government borrowing. While debt is a liability, revaluation makes assets (like gold) look more valuable, potentially offsetting debt's impact on fiscal health.

for further consideration>>

Fed Prepares Gold Revaluation as Debt Crisis Escalates - Buy Gold And Silver

The Fed is exploring a U.S. gold revaluation to manage the debt crisis—a move that could redefine gold's role and devalue the dollar overnight.

www.itmtrading.com

~S~

O.K.

Thanks.

And I agree that it would cause inflation. People would suddenly have more money and competition for goods would be severe.

 

[HikerGuy83]

My friend doesn't have a real job.

That's our problem?

It pays $100 a day.

I could make ends meet and pay for insurance on that.

Nothing left over, but I could do it.

Your friend doesn't know finances and obviously you can't help him since you don't understand them either.

What would have happened to him if he didn't have it?

Have what? Obamacare?

If he had it, he had a huge deductible. So how did he pay for that?

If he got subsidies that means others (who are struggling to make ends meet) paid for it.

Because he doesn't have a real job.

You don't care.

Oh wait...rhetorical question because you have such a cynical view of society.

Because you are a good christian piggy.

And your ignorance comes through again.

I am reminded of why I have your sorry oxygen stealing form on ignore.

 

[sealybobo]

That's our problem?


I could make ends meet and pay for insurance on that.

Nothing left over, but I could do it.

Your friend doesn't know finances and obviously you can't help him since you don't understand them either.


Have what? Obamacare?

If he had it, he had a huge deductible. So how did he pay for that?

If he got subsidies that means others (who are struggling to make ends meet) paid for it.

Because he doesn't have a real job.

Oh wait...rhetorical question because you have such a cynical view of society.


And your ignorance comes through again.

I am reminded of why I have your sorry oxygen stealing form on ignore.

What state do you live in where $100 a day is good Goober?

Our society is so out of wack. The rich at the top are so greedy. The people in the middle are so ******* dumb. Until it happens to you. Then suddenly you'll get it.

Nope. I take that back. Even when it happens to you guys, you still don't get it. Like my Republican friend who had shitty insurance and his wife got breast cancer so he started a go fund me and had a fund raiser too where I'm supposed to go and donate so they can pay their deductables and premiums?

If they weren't Republicans I would have gone and donated. But since they are ignorant Republicans, they can be responsible for themselves. Pull themselves up by their own bootstraps.

You are right. **** em!

 

[Mac-7]

And we never see any discussion, or any questions from the paralyzed press, about taxation. Every conversation is about cutting services.

Our wealth gap continues to grow. Trump and his friends are doing better and better. And better. Billionaires are sprouting up everywhere while young people and many Trumpsters can't make ends meet.

We've just shut off. The country is no longer thinking.

We should cut services that end up financing terrorists in Somalia

 

[IDIOCRACY]

Not long until we hit $40 trillion and with the exception of Rand Paul, nobody in D.C. seems to care much. Eventually, the bill will be due and the American people, most of whom fumble through their daily routines as the non-player characters they are, will simply point their finger at the other tribe as being responsible for the problem when, in truth, everyone is responsible.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget and a prominent voice on the nation's fiscal policies, also expressed concern at the national debt topping $38 trillion.

"The reality is that we're becoming distressingly numb to our own dysfunction. We fail to pass budgets, we blow past deadlines, we ignore fiscal safeguards and we haggle over fractions of a budget while leaving the largest drivers untouched," she said in a statement. "Social Security and Medicare, for example, are just seven years from having their trust funds depleted — and you don't hear anything from our political leaders on how to avoid such a disaster."

U.S. debt tops $38 trillion for the first time, worsened by government shutdown

The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.

www.cbsnews.com

Oooooooooo, ahhhhhhhhhhh, for the first time too, as if it would be another time. Agree, everyone is responsible.

It's actually how the world operates unfortunately, the debt is primarily owed to each respective country's populace actually. Keeps things flowing, but the interest cannot be denied. At least in Trump's defense he's cutting a lot of waste.

 

[Mac-7]

What state do you live in where $100 a day is good Goober?

Our society is so out of wack. The rich at the top are so greedy. The people in the middle are so ******* dumb. Until it happens to you. Then suddenly you'll get it.

Nope. I take that back. Even when it happens to you guys, you still don't get it. Like my Republican friend who had shitty insurance and his wife got breast cancer so he started a go fund me and had a fund raiser too where I'm supposed to go and donate so they can pay their deductables and premiums?

If they weren't Republicans I would have gone and donated. But since they are ignorant Republicans, they can be responsible for themselves. Pull themselves up by their own bootstraps.

You are right. **** em!

I didnt used to, but now I can agree with government insurance for catastrophic illnesses that would bankrupt average Americans if they had to pay cash for

But limit coverage to that