You're being lied to.....

[Cimarron]

$1.9 T

So, why didn't the US Government pay down the debt owed to Social Security? That's right they borrowed against it again.

The COVID package, they told you was to help the American public, costs every American $5,750. Biden is giving some of you $1,400, and telling you to be happy you got anything!

He's bribing you with your own money....

Though U.S. government debt is perhaps the most widely held class of security in the world, 26.5% of the debt (about $5.83 trillion) is owed to another arm of the federal government itself as of the end of June. The single biggest creditor, in fact, is Social Security: The program’s retirement and disability trust funds together held more than $2.9 trillion in special non-traded Treasury securities, or 13.3% of the total debt.

https://www.pewresearch.org/fact-tank/2019/07/24/facts-about-the-national-debt/

You're being lied to!

It's fraud being perpetrated on you by our elected federal employees.

 

[RxCowboy]

Where did Trump get the money for COVID relief?

 

[llcoolw]

So glad I never paid in

 

[Cody51]

You either have no understanding of modern monetary policy, or you are being purposefully obtuse.

 

[Cimarron]

Where did Trump get the money for COVID relief?

Same place. Your point?

 

[Cimarron]

You either have no understanding of modern monetary policy, or you are being purposefully obtuse.

Have your hand out do you?

 

[CowboyJD]

Same, place. Your point?

Whining when it's Biden.

Defending when it's Trump.

BDS.

 

[LS1 Z28]

It seems kind of odd to print $1.9 trillion in additional stimulus when the government still has $1 trillion in unspent funds. Especially when you consider the fact that they expect to be able to vaccinate every adult in our country by the end of May and the economy should come roaring back on it's own.

Some of the early stimulus was a necessary evil, but what we're done since then (under both parties) is irresponsible. Future generations are going to end up paying for our mistakes.

 

[OSUCowboy787]

It seems kind of odd to print $1.9 trillion in additional stimulus when the government still has $1 trillion in unspent funds. Especially when you consider the fact that they expect to be able to vaccinate every adult in our country by the end of May and the economy should come roaring back on it's own.

Some of the early stimulus was a necessary evil, but what we're done since then (under both parties) is irresponsible. Future generations are going to end up paying for our mistakes.

eventually we'll all owe around 150-200k per person towards our national debt. Man, woman and child.

 

[LS1 Z28]

eventually we'll all owe around 150-200k per person towards our national debt. Man, woman and child.

That could happen faster than you might think. Our national debt currently sits at $28 trillion. That doesn't even include the $1.9 trillion stimulus bill that was just passed. Plus there's talk of passing a $2 trillion infrastructure bill later this year. Our debt could be approaching $100K per person by the end of the year.

To make matters even worse, the debt is compounding constantly due to the interest we're paying. What we're doing now isn't sustainable long term. Eventually there will be consequences.

 

[cableok]

That could happen faster than you might think. Our national debt currently sits at $28 trillion. That doesn't even include the $1.9 trillion stimulus bill that was just passed. Plus there's talk of passing a $2 trillion infrastructure bill later this year. Our debt could be approaching $100K per person by the end of the year.

To make matters even worse, the debt is compounding constantly due to the interest we're paying. What we're doing now isn't sustainable long term. Eventually there will be consequences.

View attachment 89271

Unfortunately, too many people either don’t understand this issue or don’t care.

Plus, the $100K per individual, although accurate, really doesn’t tell the story of the impact.

 

[Cimarron]

That could happen faster than you might think. Our national debt currently sits at $28 trillion. That doesn't even include the $1.9 trillion stimulus bill that was just passed. Plus there's talk of passing a $2 trillion infrastructure bill later this year. Our debt could be approaching $100K per person by the end of the year.

To make matters even worse, the debt is compounding constantly due to the interest we're paying. What we're doing now isn't sustainable long term. Eventually there will be consequences.

View attachment 89271

It wasn’t that long ago that Venezuela, which possesses the world’s largest crude oil reserves, was a relatively stable democracy with one of Latin America’s fastest-rising economies. It was a nation so awash in petroleum revenues that the socialist government of the late former President Hugo Chavez spent huge amounts on social programs and, at one point, even provided free heating oil for impoverished Americans.

But starting in 2014, the South American nation began suffering a startling collapse.

https://www.history.com/news/venezuela-chavez-maduro-crisis

 

[gogetumpoke]

It wasn’t that long ago that Venezuela, which possesses theworld’s largest crude oil reserves, was a relatively stable democracy with one of Latin America’sfastest-rising economies. It was a nation so awash in petroleum revenues that the socialist government of the late former PresidentHugo Chavez spent huge amounts on social programs and, at one point, evenprovided free heating oil for impoverished Americans.

But starting in 2014, the South American nation began suffering a startling collapse.

https://www.history.com/news/venezuela-chavez-maduro-crisis

Please don’t confuse the liberals with history and facts. Even though socialism has NEVER worked anywhere in the history of the world it’s gonna be different this time damnit. They are absolutely hell bent on running this country into the ground.

 

[LS1 Z28]

It wasn’t that long ago that Venezuela, which possesses theworld’s largest crude oil reserves, was a relatively stable democracy with one of Latin America’sfastest-rising economies. It was a nation so awash in petroleum revenues that the socialist government of the late former PresidentHugo Chavez spent huge amounts on social programs and, at one point, evenprovided free heating oil for impoverished Americans.

But starting in 2014, the South American nation began suffering a startling collapse.

https://www.history.com/news/venezuela-chavez-maduro-crisis

"A smart man learns from his mistakes. A Wise man learns from the mistakes of others."

There are a lot of people in Washington that lack wisdom, because they continue to push policies that have failed miserably throughout the rest of the world. It's frustrating to watch.

 

[Jostate]

"

There are a lot of people in Washington that lack wisdom, because they continue to push policies that have failed miseribely throughout the rest of the world. It's frustrating to watch.

They know exactly what they are doing. These policies are working just fine for them.

 

[cowboyinexile]

"A smart man learns from his mistakes. A Wise man learns from the mistakes of others."

There are a lot of people in Washington that lack wisdom, because they continue to push policies that have failed miseribely throughout the rest of the world. It's frustrating to watch.

I wouldn't be too worried about it. Generally speaking shifts towards either direction in Washington are gradual.

Currently there is a definite push to the left but fortunately we have a 50/50 split in the senate with a couple of democratic senators who represent red states so they have the ability to dictate what the middle wants.

We just spent a couple of years being shoved towards an authoritarian government and despite a couple of bumps (to put Jan 6th lightly) it worked out fine. I'm sure you will be upset about power politics over the next 2-4 or 8 years but it's kinda business as normal in Washington. My advice is to keep doing what you do, enjoy a middle class lifestyle and don't get upset when a bill passes that cable news says is the worst thing that ever happened.

Also it's worth noting OP is arguably the biggest republican Homer on this board. He likes posting stuff that's inflammatory because he probably lives and dies by Fox News and he probably would have been fine with Trump overthrowing the government because he happened to run as a republican and that's enough for him to blindly follow him. So take whatever he posts with a grain of salt.

 

[LS1 Z28]

I wouldn't be too worried about it. Generally speaking shifts towards either direction in Washington are gradual.

Currently there is a definite push to the left but fortunately we have a 50/50 split in the senate with a couple of democratic senators who represent red states so they have the ability to dictate what the middle wants.

We just spent a couple of years being shoved towards an authoritarian government and despite a couple of bumps (to put Jan 6th lightly) it worked out fine. I'm sure you will be upset about power politics over the next 2-4 or 8 years but it's kinda business as normal in Washington. My advice is to keep doing what you do, enjoy a middle class lifestyle and don't get upset when a bill passes that cable news says is the worst thing that ever happened.

Also it's worth noting OP is arguably the biggest republican Homer on this board. He likes posting stuff that's inflammatory because he probably lives and dies by Fox News and he probably would have been fine with Trump overthrowing the government because he happened to run as a republican and that's enough for him to blindly follow him. So take whatever he posts with a grain of salt.

I'm not all that worried about Democrats passing anything too radical with our current Senate, but I am worried about the irresponsible spending. Both sides of the aisle seem to be buying into the modern monetary theory that we can print as much money as we want without creating inflation. I disagree with MMT, and I think we're in for a rude awakening at some point down the road if things don't change.

 

[docjoctoo]

$1.9 T

So, why didn't the US Government pay down the debt owed to Social Security? That's right they borrowed against it again.

The COVID package, they told you was to help the American public, costs every American $5,750. Biden is giving some of you $1,400, and telling you to be happy you got anything!

He's bribing you with your own money....

Though U.S. government debt is perhaps the most widely held class of security in the world, 26.5% of the debt (about $5.83 trillion) is owed to another arm of the federal government itself as of the end of June. The single biggest creditor, in fact, is Social Security: The program’s retirement and disability trust funds together held more than $2.9 trillion in special non-traded Treasury securities, or 13.3% of the total debt.

https://www.pewresearch.org/fact-tank/2019/07/24/facts-about-the-national-debt/

You're being lied to!

It's fraud being perpetrated on you by our elected federal employees.

The government takes our money and then expects us to thank them for giving only some of it back.

 

[llcoolw]

Whining when it's Biden.

Defending when it's Trump.

BDS.

Yea...that BDS isn’t the same BDS I have.

 

[llcoolw]

That could happen faster than you might think. Our national debt currently sits at $28 trillion. That doesn't even include the $1.9 trillion stimulus bill that was just passed. Plus there's talk of passing a $2 trillion infrastructure bill later this year. Our debt could be approaching $100K per person by the end of the year.

To make matters even worse, the debt is compounding constantly due to the interest we're paying. What we're doing now isn't sustainable long term. Eventually there will be consequences.

View attachment 89271

Can we tell the creditors we lost the country in an boat accident?