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I don't want to even think about and nothing will be done about it either, because politicians don't want to cut spending!!It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
The difference is that the US government has a printing press to print an endless supply of dollars and you don't.
If it will make you feel any better, there are about a half a dozen other countries that are in much worse shape debt-wise.
It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
I also recall other countries simply printing more money to make up for deficits, and the value of their money collapsing.
Didn't that happen at one time in Brazil, Argentina, and Italy, or is my memory of that wrong?
And in Germany, Hungary, and now in Venezuela. There's no question the dollar will collapse, it's just a matter of when.
You'll see it coming. Be smart and protect yourself.
I recall right wing rant radio advertising "buy gold" during the Obama Administration because the dollar could collapse due to there being a Democrat in the White House. Their ads actually had the effect of inflating the price of gold so that people who followed their advice wound up losing money.
Maybe now really is the time to invest in precious metals.
It's a humongous problem. Who's going to buy all that debt? What's the service on that debt going to do to budgets. Deep doo-doo ahead.It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
It's a humongous problem. Who's going to buy all that debt? What's the service on that debt going to do to budgets. Deep doo-doo ahead.
Are you ****ting me? In the middle of a massive health crisis you're gonna piss and moan that a campaign promise made by every presidential candidate in the pass century (hyperbole alert)? Be serious.And now we are in the middle of a mess
what happened to reducing the Deficit / debt under Trump in the first two years of him being in office when the Republicans had complete control of the Gov,
and I am sure the right won't say a word about those first two years and try to blame everything on the Dems who took over the House a year ago
Yes right now we have a major problem right now and with everything being shut down we need to keep things going so the stimulus is going to run up the deficit / debt that is understandable but running up the deficit / debt as much as Trump has in his first two years in office isn't seeing he said we had a great economy,
in a great economy there is no reason for the deficit /debt to go up as high as it did
Have a nice evening
It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
Go back and reread what I postedAre you ****ting me? In the middle of a massive health crisis you're gonna piss and moan that a campaign promise made by every presidential candidate in the pass century (hyperbole alert)? Be serious.
And now we are in the middle of a mess
what happened to reducing the Deficit / debt under Trump in the first two years of him being in office when the Republicans had complete control of the Gov,
and I am sure the right won't say a word about those first two years and try to blame everything on the Dems who took over the House a year ago
Yes right now we have a major problem right now and with everything being shut down we need to keep things going so the stimulus is going to run up the deficit / debt that is understandable but running up the deficit / debt as much as Trump has in his first two years in office isn't seeing he said we had a great economy,
in a great economy there is no reason for the deficit /debt to go up as high as it did
Have a nice evening
"gone up so much under Trump? This will be his first year of trillion dollar deficits; Obama had four. Look to spending - neither Obama nor Trump are known as penny pinchers, nor is congress.Go back and reread what I posted
it is understandable that the Deficit / debt will go up in times like this,
We have to keep things going now
I was asking WHY the deficit / Debt has gone up so much under Trump and the Republican controlled Congress ( in a "Great economy ) in his first two years
and you Republicans can't blame the Dems for that seeing the Republicans had COMPLETE control of the US gov. in those first two years and the deficit /debt didn't go up that much in his third year in office
and again when this mess hit the fan Trump was not responsible for it and I know the deficit/ debt is going to go up just like it had to when Obama took over from Bush in a Recession
and another one of my points was The Republicans and Trump all said they were going to CUT the deficit /debt and what happened it went UP almost as much as it did in Obama's first two years and that is in a good economy
and ( I know Trump has to keep the economy going ) the debt will be more in Trumps first 4 years then it was in Obama's and remember Obama had a recession handed to him by Bush Trump has had 3 years of a Good economy
Have a nice night
Go back and reread what I posted
it is understandable that the Deficit / debt will go up in times like this,
We have to keep things going now
I was asking WHY the deficit / Debt has gone up so much under Trump and the Republican controlled Congress ( in a "Great economy ) in his first two years
and you Republicans can't blame the Dems for that seeing the Republicans had COMPLETE control of the US gov. in those first two years and the deficit /debt didn't go up that much in his third year in office
and again when this mess hit the fan Trump was not responsible for it and I know the deficit/ debt is going to go up just like it had to when Obama took over from Bush in a Recession
and another one of my points was The Republicans and Trump all said they were going to CUT the deficit /debt and what happened it went UP almost as much as it did in Obama's first two years and that is in a good economy
and ( I know Trump has to keep the economy going ) the debt will be more in Trumps first 4 years then it was in Obama's and remember Obama had a recession handed to him by Bush Trump has had 3 years of a Good economy
Have a nice night
Umm, just so you know. With the 60 vote rule, the Republicans did not control Congress.
It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
I see you have forgotten that Obama took over a recession from Bush and the only way to get out of a recession / depression that bad is either spend your way out or have a war like WWII"gone up so much under Trump? This will be his first year of trillion dollar deficits; Obama had four. Look to spending - neither Obama nor Trump are known as penny pinchers, nor is congress.
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