H
Harpy Eagle
Guest
The problem with the gold standard was that gold supply continually to fall behind the growth of the global economy. There just was not enough gold to keep up with the growth in the world.
We have a "tentative" 2-year Debt Limit deal!! So who won and who lost? (Poll)
- Thread starter kyzr
- Start date
The problem with the gold standard was that gold supply continually to fall behind the growth of the global economy. There just was not enough gold to keep up with the growth in the world.
/---/ And you trust those Swamp People not to slowly raise that 4% to 4.1% then 4.5% then 5% ????
H
Harpy Eagle
Guest
Get rid of all tax expenditures and we can lower the overall tax rate and the deficit is gone and we are running a surplus.
- Banned
- #44
The American people lost.
The welfare queens and big government shitheads won.
We didn't do jackshit to cut back on existing spending and we are out borrowing more money again. Just some vague promise to maybe cut back on a little spending in the future that will never materialize.
Once again the Republicans enabled the filthy Democrats to continue with a big bloated out of control debt ridden government because they didn't have the courage to just say no.
The welfare queens and big government shitheads won.
We didn't do jackshit to cut back on existing spending and we are out borrowing more money again. Just some vague promise to maybe cut back on a little spending in the future that will never materialize.
Once again the Republicans enabled the filthy Democrats to continue with a big bloated out of control debt ridden government because they didn't have the courage to just say no.
/----/ You already approve of that, with the children mining lithium for your precious EVs.
Moonglow approved
The quest for cheap labor is a hard concept to understand/----/ You already approve of that, with the children mining lithium for your precious EVs.
Moonglow approved
TroglocratsRdumb
Diamond Member
- Aug 11, 2017
- 41,984
- 59,019
- 3,615
In the Democrat Party's Left-Wing economics, the Taxpayers are the Slaves, and the Politicians are their Slave Masters.
They believe that they can load as much debt on the backs of the Taxpayers as they want.
They believe that they can load as much debt on the backs of the Taxpayers as they want.
/---/ It's how democRATs justified slavery.
And why employees must always advocate for themselves. They must become "rabble rousers"
leftwinger
Diamond Member
/----/ I've heard more than one "expert" say we should tie the US dollar to a rare metal like palladium or another such rare metal. Mint four coins, put them in Fort Knox, and declare their value at 10 trillion US dollars. Use them to pay off the debt with something left over. Problem solved.
Palladium is found in similar mineral settings as other PGMs. Most palladium is used for catalytic converters, but other uses include jewelry, dentistry, and surgical instruments. Palladium is also an exchange traded metal (along with platinum, gold and silver) A palladium coin produced by the Royal Canadian Mint. Palladium is an exchange traded metal, and these coins are sought after by collectors and speculators.
cant see that working? Something is only worth what someone will pay for it. What debt holder due payment would accept a chunk of a newly declared coin as $1T payoff?
Last edited:
leftwinger
Diamond Member
They made a law against insider trading, yet do it anyway penalty free. They opened a taxpayer funded fund to pay off sexual harrassment claims. On top all their regular graft. They really sucketh massive!
/---/ I get your point, but today's dollar is tied to the "full faith and credit of the US Government" and nothing more.
Since 1971, U.S. citizens have been able to utilize Federal Reserve notes as the only form of money, and for the first time had no currency with any gold or silver backing.
This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. government. In other words, Nixon implied "take our paper dollars or don’t".
The U.S. at this time was a world super power having been victorious in WWII and there really wasn’t much anyone could do about the decision by the U.S. government to abandon metal backing.
Moonglow
Diamond Member
Just another economic opportunity/----/ You already approve of that, with the children mining lithium for your precious EVs.
Moonglow approved
iamwhatiseem
Diamond Member
evenflow1969
Gold Member
No one won. The whole thing is a shit show.I can find the 2022 Budget numbers: Revenue $4.9T and Spending $6.3T so the Deficit was $1.4T
For reference, the 2021 Budget numbers: Revenue $3.9T and Spending $4.9T with a Deficit of $1.0T
I can't find the 2023 Budget final numbers!! The 2023 Budget are the bullshit numbers the Debt Limit raise are based on.
Looks to me that the Republicans caved. I'm betting that the votes are not there to pass the deal.
View attachment 789427
2022 United States federal budget - Wikipedia
en.wikipedia.org
AmericanGirl05
Diamond Member
Of course the GOP won. Biden's initial position was clean ceiling. Didn't happen. The GOP got their agenda. Sure, less cuts, but that's part of a negotiation.
And my comment to the nutcases is the old Wall Street saying, "Bears win, bulls win, pigs lose."
And my comment to the nutcases is the old Wall Street saying, "Bears win, bulls win, pigs lose."
New Topics
-
-
Should the next Dem President hold Ice officials accountable for their illegal excesses ?- Started by Tommy Tainant
- Replies: 6
-
-
-
Toronto teens are being trafficked to Thunder Bay for the drug trade. How one father fought to rescue his son: ‘I’m not leaving until I get my son bac- Started by shockedcanadian
- Replies: 1
