National Debt Hits $30T

#178
#178
PKT_VOL said:
Don't worry, the POTUS proposed a $7.3 trillion budget with a straight face when the federal government collected $4.44 trillion last year.

We are an unserious country.
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7.3 Really?…what the…
 
#181
#181
PKT_VOL said:
Don't worry, the POTUS proposed a $7.3 trillion budget with a straight face when the federal government collected $4.44 trillion last year.

We are an unserious country.
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Those are always pretty ridiculous and not taken seriously
 
#182
#182
utvolpj said:
Those are always pretty ridiculous and not taken seriously
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Sure, but that's not a commendable excuse.

The first step to recovery is admitting you have a problem. A serious country with serious politicians, would have budget proposal that was at least deficit neutral. Democrats can propose a budget heavy one entitlements while Republicans can propose a budget heavy on defense. Negotiate the difference in priorities but both sides live within the budget constraints.
 
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#186
#186
PKT_VOL said:
Sure, but that's not a commendable excuse.

The first step to recovery is admitting you have a problem. A serious country with serious politicians, would have budget proposal that was at least deficit neutral. Democrats can propose a budget heavy one entitlements while Republicans can propose a budget heavy on defense. Negotiate the difference in priorities but both sides live within the budget constraints.
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Never happen now. Most people have their hand in the cookie jar one way or another. Mention any rational plan to reel in spending and those politicians will be eviscerated by the media, the opposing party and will be shown the door by “don’t take away my govt cheese” voters.
 
#189
#189
webcache.googleusercontent.com

America will be left with ‘severe, irreversible scars’ if national debt goes unchecked. Now, blockbuster report warns the bill is higher than believed, hitting $141 trillion by 2054

“Its consequences will be severe and leave lasting—probably irreversible—scars on our economy and society.”
webcache.googleusercontent.com webcache.googleusercontent.com

“He also believes inflation will spike as the government is forced to roll back on social programs to wrestle the deficit under control.”

I have been saying this for some time..Progressive gov is over..they just havent accepted it.
 
#190
#190
Vol737 said:
Never happen now. Most people have their hand in the cookie jar one way or another. Mention any rational plan to reel in spending and those politicians will be eviscerated by the media, the opposing party and will be shown the door by “don’t take away my govt cheese” voters.
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The great thing about this problem is that you eventually run out of money. Reality is undefeated.

We have needed a new reset for a while. Just a matter of time until it happens.
 
#192
#192
PKT_VOL said:
The great thing about this problem is that you eventually run out of money. Reality is undefeated.

We have needed a new reset for a while. Just a matter of time until it happens.
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What does that reset look like?
 
#193
#193
#195
#195
hog88 said:
Read The Madibles by Lionel Shriver.
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So, I just looked it up. That’s what I’m afraid of. I’ve said it before, if we go this route, all assets either get repriced, seized or both. Wipes out wealth on a massive scale along with redistribution of what remains. The masses will bow down to the gods of govt thinking they are being saved, except they aren’t. .
 
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