31 trillion in debt.

Maggot

Maggot

"For we wrestle not against flesh and blood"
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    • Jul 27, 2007
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    #1
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    #3
    The only congressman I have seen to present the info. as it is, concisely and with hope...if corrective actions taken. Every one of his speeches were in front of an empty house - but if you really want to know the info. is here.




    Ignore this title, not about elections and all about the financial malfeasance.
    .

    The best response to SOTU:





    This guy understands economics, understands the devastation and destruction ACTIVELY being pursued. It takes some patience to watch all, but they are worth viewing time - these are not sugar-coated.
     
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    #4
    No big deal its just your money being spent to help others . The amount is not a problem either because Congress can tax you any amount they want. I suggest to get a second job because everyday more illegals cross the open border and they need much needed benefits. Besides the money they give abroad to make somebody else's life better and easier is very important as well.
     
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    #7
    The deficit isn't meant to be paid back. Deficit spending allows our Politicians to spend money that isn't theirs and the connected get rich by taking that money. Eventually the house of cards comes tumbling down and we get a "financial reset" that leaves regular folks broken and the rich owning all the hard assets they bought with their stolen money. Should anyone get uppity about the new state of affairs, the police state is there to stomp them into submission.
     
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    #10
    It's kind of easy to spend other peoples money because the top 1% pay for 40% of all income taxes, and the top 25% pay for 85% of all income taxes. So that leaves the rest of us to only shoulder 15% of the costs, while enjoying all of the benefits. Not shouldering the costs makes you disconnected from the reality of your politics, its easy to want everything when you don't have to pay for it.
     
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    #13
    The 31 trillion is proverbial tip of the iceberg, that’s just what we owe today. When you count our unfunded liabilities(money we will owe ie ssn and Medicare, projects ect) it’s closer to 140 Trillion. At the point we are just the guy running up the credit cards before declaring bankruptcy. The 31 trillion is bad enough, to give you a idea if we confiscated every piece of currency on earth(including the US dollar) from every country it wouldn’t pay our debt(All the US dollars currently in circulation is just over 5 trillion).
     
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    #14
    Jgault said:
    The 31 trillion is proverbial tip of the iceberg, that’s just what we owe today. When you count our unfunded liabilities(money we will owe ie ssn and Medicare, projects ect) it’s closer to 140 Trillion. At the point we are just the guy running up the credit cards before declaring bankruptcy. The 31 trillion is bad enough, to give you a idea if we confiscated every piece of currency on earth(including the US dollar) from every country it wouldn’t pay our debt(All the US dollars currently in circulation is just over 5 trillion).
    Click to expand...
    Shhhhhhh.....
    Ignorance of that fact is the only thing holding this thin veil together.
     
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    #15
    Jgault said:
    The 31 trillion is proverbial tip of the iceberg, that’s just what we owe today. When you count our unfunded liabilities(money we will owe ie ssn and Medicare, projects ect) it’s closer to 140 Trillion. At the point we are just the guy running up the credit cards before declaring bankruptcy. The 31 trillion is bad enough, to give you a idea if we confiscated every piece of currency on earth(including the US dollar) from every country it wouldn’t pay our debt(All the US dollars currently in circulation is just over 5 trillion).
    Click to expand...

    That's why those Schweikert videos are relevant. We basically can scrap by only to be paying interest..
     
    #17
    Here's how you fix it. Take something like gold and revalue it to the total worldwide debt plus the total money supply. Digitize it and convert everyone's fiat assets to the new gold backed system. then go back to a balanced budget and NEVER go back to a fractional reserve policy where money can be created out of thin air.

    Theoretically this current system we have could last as long as we can add zeros. I remember when $9t was the end of the world, yet here we are. I think the real risk is how quickly the zeros are added and how quickly society has to revalue everything that is bought and sold and how that inflation destabilizes commerce.
     
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    #18
    How many trillions to Ukraine (a communist dictatorship), and we're just getting started.
    Destroying our economy is by design. It is the frog and boiling water analogy.
     
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    #22
    UNRL Ghandi said:
    Here's how you fix it. Take something like gold and revalue it to the total worldwide debt plus the total money supply. Digitize it and convert everyone's fiat assets to the new gold backed system. then go back to a balanced budget and NEVER go back to a fractional reserve policy where money can be created out of thin air.

    Theoretically this current system we have could last as long as we can add zeros. I remember when $9t was the end of the world, yet here we are. I think the real risk is how quickly the zeros are added and how quickly society has to revalue everything that is bought and sold and how that inflation destabilizes commerce.
    Click to expand...
    Plutonium.
     
    #24
    1) Freeze all Federal hiring immediately - military too (they can focus on retention).
    2) Any critical Federal openings can be fixed with internal transfers from less critical to more critical.
    3) Set a short term goal of reducing Federal employment by 10%
    4) Set a long term goal of reducing Federal employment by 30%
    5) Balanced budget amendment with no exceptions - spending = tax revenue
    6) Any emergency expenses require matching reduction somewhere else in budget or clearly defined new tax
    8) Stop all foreign aid
    9) Stop all funds to UN, WHO, etc.
    10) All welfare type programs administered by VA by the same standard they apply to our Veterans
    11) No payments of any type to any NGO
    12) No payments to any illegal alien
    13) No Federal elected official or beaurocrat can trade stocks
    14) Abolish Dept of Education and HUD - let states handle
    15) Close the borders
     
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    #25
    Foreign held debt is held in US dollars. If bond holders cash them in, the fed can just print off all the dollars they need to pay the debt, it's all bullshit. Money at the scale of government isn't real because there's nothing defining the value except for some people claiming it does, and the rest of us agreeing it does. What if the .gov just decided that they weren't going to honor foreign owned bonds? At the scale of government, the numbers are so big, that nobody, including those in the government managing the damn thing, can comprehend them, and thus, they just do whatever because they don't have a clue. Don't believe me, just try to wrap your mind around how much $1 Trillion dollars is, like beyond just what the number is. $1 trillion in $100 bills is a stack 5,655 fucking miles high. It's just too big a number to truly understand. Now any person reading this is likely of average to above average intelligence, and i'm sure you refuse to believe that politicians are so much smarter than you, that they understand $1T where you can't.

    Just my take on it, fuck joe biden.

    Branden
     
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    #27
    Lightning8 said:
    1) Freeze all Federal hiring immediately - military too (they can focus on retention).
    2) Any critical Federal openings can be fixed with internal transfers from less critical to more critical.
    3) Set a short term goal of reducing Federal employment by 10%
    4) Set a long term goal of reducing Federal employment by 30%
    5) Balanced budget amendment with no exceptions - spending = tax revenue
    6) Any emergency expenses require matching reduction somewhere else in budget or clearly defined new tax
    8) Stop all foreign aid
    9) Stop all funds to UN, WHO, etc.
    10) All welfare type programs administered by VA by the same standard they apply to our Veterans
    11) No payments of any type to any NGO
    12) No payments to any illegal alien
    13) No Federal elected official or beaurocrat can trade stocks
    14) Abolish Dept of Education and HUD - let states handle
    15) Close the borders
    Click to expand...
    Thats a nice start, just dont touch my fucking social security.

    And that would only be short term. You forgot to factor in human nature which fucked up the good system we already had.
     
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    #29
    Short-bus said:
    Foreign held debt is held in US dollars. If bond holders cash them in, the fed can just print off all the dollars they need to pay the debt, it's all bullshit. Money at the scale of government isn't real because there's nothing defining the value except for some people claiming it does, and the rest of us agreeing it does. What if the .gov just decided that they weren't going to honor foreign owned bonds? At the scale of government, the numbers are so big, that nobody, including those in the government managing the damn thing, can comprehend them, and thus, they just do whatever because they don't have a clue. Don't believe me, just try to wrap your mind around how much $1 Trillion dollars is, like beyond just what the number is. $1 trillion in $100 bills is a stack 5,655 fucking miles high. It's just too big a number to truly understand. Now any person reading this is likely of average to above average intelligence, and i'm sure you refuse to believe that politicians are so much smarter than you, that they understand $1T where you can't.

    Just my take on it, fuck joe biden.

    Branden
    Click to expand...
    I understand a trillion quite well. 1 Trillion USD means Maggot retires in luxury with a 10,000 acre spread in several countries, 300 ft motor yacht, many, many guns, and we party like it was Tucker301's farmette. Destroy a lot of stuff and then pay to have it fixed and laugh.

    It would be so cool to just hand one of your friends a suitcase with 50 million in Benjamin's, and say "Enjoy". 50 mill wouldnt even be a scratch in a trillion.

    Hold that thought, I gotta get my lottery ticket.
     
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    #31
    National sales tax and get rid of all IRS. Eliminate the ATF and gut the FBI. Eliminate welfare except basic subsitence help with a 24 month cap. Eliminate medicaid. Shut down the border by having a hot zone across the entire southern border. Then a constitutional amendment that prevents voting without citenship and property ownership. Mandatory 2 year miltary service. Actively round up all illegal aliens and forcefully dump at the border on the other side of the active hot zone. Make any bill or vote or judicial action that violates the Constitution punishable by hanging....same day. That would be a good start.
     
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    #34
    Expert684 said:
    They will take our retirements and personal wealth to satisfy their spending. Those who have nothing will lose nothing, the rest of us are fucked beyond you wildest dreams! 😡
    Click to expand...

    Correct the “new poor” are not going to do very well and some will kill themselves.

    I’m what you call “old poor”
     
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    #38
    Could it be possible that Biden and his administration want to see the US default on the debt? It might be possible that they will act out the part of a modern day Nero.

    If the US defaults on the debt, the Bidenistas will blame the Republicans, like Nero blamed the Christians. The economy collapses along with the government.

    Yet, do not fear! The Bidenistas will be here with a rescue plan for a new (improved) government and new country like Rome rising out of the asses of the conflagration. However, the Bidenistas won't be able to give birth to a new country because those pesky conservatives are in the way.

    To help form the new country and get the pesky conservatives out of the way, the Bidenistas will ask for our little brown Latino brothers to cleanse our lands. The Bidenistas will also need more help.

    So King Poopy Pants will ask for a special session of the United Nations where he will plead for a UN Peacekeeping Force to stomp out the conservatism that let the US and the world down in the first place.
     
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    #39
    D̷e̷v̷i̷l̷D̷o̷c̷A̷Z̷ said:
    Correct the “new poor” are not going to do very well and some will kill themselves.

    I’m what you call “old poor”
    Click to expand...
    Yeah, their already talking about Medicare and Social Security being the first to go if they dont reach a budget. Seems like I paid for that already and now theyre taking it> Fuck you to hell.

    Older Americans worry debt default means no Social ...​

    1684932062212.png
    Westerniowatoday.com
    https://westerniowatoday.com › 2023/05/23 › older-a...



    13 hours ago — Older Americans worry debt default means no Social Security to pay bills ... It's not their money, it's my money that I paid into.”.
     
    Last edited:
    #40
    Maggot said:
    Yeah, their already talking about Medicare and Social Security being the first to go if they dont reach a budget. Seems like I paid for that already and now theyre taking it> Fuck you to hell.

    Older Americans worry debt default means no Social ...​

    View attachment 8148025
    Westerniowatoday.com
    https://westerniowatoday.com › 2023/05/23 › older-a...



    13 hours ago — Older Americans worry debt default means no Social Security to pay bills ... It's not their money, it's my money that I paid into.”.
    Click to expand...

    The trust fund will fund it and taxes will fill it up.

    I’m paying too and hear I’ll never get a check. So I guess it could be worse.
     
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    #42
    I was just telling our receptionist, the most dangerous person on the planet is a male, 65-75 years old, veteran that has nothing to lose.
    Go fuck with him and his shit and see what happens.
    One of my friends is a Marine combat vet, wounded twice in Vietnam, taught in high school and got fuck with by some smart ass kid. He grabbed the fucker, picked him up against the wall and told him, "I've killed lots of fucking people, one more like you wouldn't matter to me". They force him to retire. This^^^^^^^^^^^^^^^, this is the type of man you need to fear. And I know a whole bunch of em. :mad:
     
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    #43
    Franko said:
    The deficit isn't meant to be paid back. Deficit spending allows our Politicians to spend money that isn't theirs and the connected get rich by taking that money. Eventually the house of cards comes tumbling down and we get a "financial reset" that leaves regular folks broken and the rich owning all the hard assets they bought with their stolen money. Should anyone get uppity about the new state of affairs, the police state is there to stomp them into submission.
    Click to expand...
    ^^^^^^^^^^^^^^^^^^^^

    There you go - exactly correct. This is about fleecing the working/middle class of *Trillions* we have accumulated in property, savings, investments, 401K's and IRA's. They are gonna get that money - the .01% - just watch. The only question is how long will it take them to enact The Final Solution which I don't think will happen until they scoop up all the weapons held by the Fleecies. That's US.

    VooDoo
     
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    #44
    Expert684 said:
    I was just telling our receptionist, the most dangerous person on the planet is a male, 65-75 years old, veteran that has nothing to lose.
    Go fuck with him and his shit and see what happens.
    One of my friends is a Marine combat vet, wounded twice in Vietnam, taught in high school and got fuck with by some smart ass kid. He grabbed the fucker, picked him up against the wall and told him, "I've killed lots of fucking people, one more like you wouldn't matter to me". They force him to retire. This^^^^^^^^^^^^^^^, this is the type of man you need to fear. And I know a whole bunch of em. :mad:
    Click to expand...
    Glad he got shown the door before grabbing the wrong kid.
     
    #45
    31 or 100 trillion what do politicians care , the only thing they do is burn through taxpayer money like it was free candy to a fat kid . I will give them that they do spend out money really well with zero to show for it in the end except a bill
     
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    #46
    Vodoun daVinci said:
    ^^^^^^^^^^^^^^^^^^^^

    There you go - exactly correct. This is about fleecing the working/middle class of *Trillions* we have accumulated in property, savings, investments, 401K's and IRA's. They are gonna get that money - the .01% - just watch. The only question is how long will it take them to enact The Final Solution which I don't think will happen until they scoop up all the weapons held by the Fleecies. That's US.

    VooDoo
    Click to expand...
    It is my belief that the only thing moderating the insane greed of the rich and our politicians is the knowledge that if they crash the economy too hard there are going to be millions of very angry Americans with guns and nothing to lose. That's why the police state continues to grow and our gun rights continue to be shrunk.
     
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    #49
    Maggot said:
    How do you fix it ? I dont think you can, but they could just knock of 3 zero's and it would look better.


    US holds $31 trillion debt. What would it take to shrink it?​

    https://abcnews.go.com › Politics › story


    6 hours ago — A group of Republican lawmakers has indicated it would not raise the debt limit unless Democrats agree to significant spending cuts; the Biden ...
    Click to expand...
    NKCapture.jpg
     
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