How long before it bursts?

[Razoo]

Private Equity Leveraged Buyouts create a fair amount of debt....... on their way to big debt privatization....Yes borrow money to finance a leveraged buyout, magically attach the debt to the victim then watch the victim go bankrupt with large numbers of employees becoming employed etc etc etc. Is this good use of borrowed money? I say no. Mitt Romney and Bain Capital have made big big dollars under this umbrella.

Borrowed money should be applied to shoring up a business and keeping employees on the jobs to drive economic growth.

Privatization is a fraud. And could jeopardize pensions....if your pension dollars are being raided to finance leveraged buyouts.

Everything everywhere all at once: How private equity rules your world

From your favorite burger joint to your local dentist, PE titans are invested in almost everything you do.

www.motherjones.com

 

[justoneman]

...... said by people ignorant of history and finance every time the debt hits another trillion. Do you understand the concept of net present value? The fact that a trillion now won't be a trillion in the future? Also.. do you know that debt can be renegotiated/refinanced/written off?

You should educate yourself before posting like this, my friend.

A trillion won't be a trillion in the future. So what? We will heap on more trillions.

 

[lurchadams]

A trillion won't be a trillion in the future. So what? We will heap on more trillions.

You missed the point, my friend. But that's OK. You have yourself a wonderful week!

 

[Helix]

You say that like poor people don't send money to billionaire politicians every day.

I did say more, though.

 

[The AntiDonald]

It may or may not be as bad as you think, past high expense periods, WWII for example, we grew our way out of a mountain of debt.
I am not sure how much growth potential remains, but it may be enough, if the right Captain at the wheel.
I am fairly certain Biden is not the guy, but neither is Trump, We need someone who is respected across the political spectrum.

With today's divide between the parties, I see no one who can appeal to both liberal and conservative ideologies. I guess that says we're basically doomed.

 

[Craig234]

The influence is greater on the democrat party.

That's like saying there's more support for Putin's war in Ukraine than Russia. A cult-like level of delusion.

 

[Craig234]

With today's divide between the parties, I see no one who can appeal to both liberal and conservative ideologies. I guess that says we're basically doomed.

It says that there is a bad side and a good side and either might 'win', though the bad side is ahead. It says that his idea isn't feasible, as I said in more detail in #12.

 

[Razoo]

If borrowed money is being applied responsibly as in to create and manage a profitable enterprise is a good thing. Putting employees out of work is counter productive and costs too much money.

 

[justoneman]

You missed the point, my friend. But that's OK. You have yourself a wonderful week!

No I did not miss you point. It is a simple point. So what if the value of the dollar declines making the debt relatively smaller? We are heaping more on top of it at a very alarming rate. We are at a crazy level right now.

 

[justoneman]

That's like saying there's more support for Putin's war in Ukraine than Russia. A cult-like level of delusion.

Not like that in any way.

Who do you think Bill Gates and George Soros supports?

 

[Craig234]

Not like that in any way.

That's what it's like.

Who do you think Bill Gates and George Soros supports?

Saying Bill Gates and George Sorors are leading plutocrats - when they're a philanthropist and democracy advocate, ignoring the trillions in wealth actually supporting plutocracy from others - is like saying a Ukrainian who spies for Russia represents the typical Ukrainian. It shots more of your delusion.

 

[Craig234]

No I did not miss you point. It is a simple point. So what if the value of the dollar declines making the debt relatively smaller? We are heaping more on top of it at a very alarming rate. We are at a crazy level right now.

I happen to agree with you that the debt is a real problem. But, cutting the wrong spending would be even worse, and the right fix is to restore tax rates for the rich and corporations.

 

[911Sparky]

Hopefully, for the US, it doesn't break in the next two and a half years. We will have a chance to turn things around when Trump is reelected.

Interesting theory, since it didn't turn around during his first term. Second try is the charm?

 

[Luckyone]

Hopefully, for the US, it doesn't break in the next two and a half years. We will have a chance to turn things around when Trump is reelected.

Yeah, sure

 

[Razoo]

If borrowed money is being applied responsibly as in to create and manage a profitable enterprise is a good thing. Putting employees out of work is counter productive and costs too much money.

we need the governments borrowing to pay for itself.

we don't need more reckless lending by anyone that forces we taxpayers into bailouts. this teaches big time management they can do it again.

 

[Luckyone]

The US has spent trillions and trillions of dollars in the past two years. This is way, way beyond what is tenable. The US is not alone. Canada has done the same, in Fact all around the world economics are upside down. How long before it breaks?

As long as the printing presses are working all around the world, it can last forever. If some big and economically huge county (like China) beats the inflation issue and gets all of their workers for produce (and live) for literally peanuts, there might be some problems for the U.S.

Right now though, we are actually one of the countries that is doing the best in this situation. That is reflected in the dollar that is now at 10 years highs. Evidently, the rest of the world has spent more than the U.S. in the last 2 years.

 

[Razoo]

With today's divide between the parties, I see no one who can appeal to both liberal and conservative ideologies. I guess that says we're basically doomed.

That word liberal is thrown around quite loosely as the right wing does. Not all moderates are liberals. Not all democrats are liberals. Sometimes liberals are not liberal. All women are not liberal.

The right wing anti american party uses the word liberals with character assassination overtones. Liberals and moderates have much in common thus working together provides a strong base.

 

[longview]

With today's divide between the parties, I see no one who can appeal to both liberal and conservative ideologies. I guess that says we're basically doomed.

I am not so pessimistic, I think there are more moderates in the middle than zealots on the fringes.
At the end of the day, most people want the same thing, to be able to live their lives, do what they like,
and feel safe going about whatever it is they enjoy doing.

 

[Mycroft]

Interesting theory, since it didn't turn around during his first term. Second try is the charm?

Another term...with support of an America First Congress, instead of an oppositional Congress...will be much different than his first term. But even with all the opposition, Trump did pretty damned good in his first term.

 

[Razoo]

Private Equity Leveraged Buyouts create a fair amount of debt....... on their way to big debt privatization....Yes borrow money to finance a leveraged buyout, magically attach the debt to the victim then watch the victim go bankrupt with large numbers of employees becoming employed etc etc etc. Is this good use of borrowed money? I say no. Mitt Romney and Bain Capital have made big big dollars under this umbrella.

Borrowed money should be applied to shoring up a business and keeping employees on the jobs to drive economic growth.

Privatization is a fraud. And could jeopardize pensions....if your pension dollars are being raided to finance leveraged buyouts.

Everything everywhere all at once: How private equity rules your world

From your favorite burger joint to your local dentist, PE titans are invested in almost everything you do.

www.motherjones.com

Social Security privatization for example would raise the size of the government’s deficit by another $300 billion per year for the next 20 years. This does not seem to bother Republicans, as long as they are in power. In fact, by the time the second Bush left office, the national debt had grown to $12.1 trillion. Over half of that amount had been created by Bush’s tax cuts for the very wealthy. Another 30% of the national debt had been created by the tax cuts for the wealthy under Presidents Reagan and George H.W. Bush. Fully 81% of the national debt was created by just these three Republican Presidents.

Maybe supply side wreckanomics and conservatives are not smart business decisions?

 

[911Sparky]

Another term...with support of an America First Congress, instead of an oppositional Congress...will be much different than his first term. But even with all the opposition, Trump did pretty damned good in his first term.

Bezos and Musk would agree with you.

 

[Lovebug]

The rich will make the poor prosperous by pissing all over them. It's basic trickle down theory.

The Chinese millionaires thank you.

 

[Razoo]

Social Security privatization for example would raise the size of the government’s deficit by another $300 billion per year for the next 20 years. This does not seem to bother Republicans, as long as they are in power. In fact, by the time the second Bush left office, the national debt had grown to $12.1 trillion. Over half of that amount had been created by Bush’s tax cuts for the very wealthy. Another 30% of the national debt had been created by the tax cuts for the wealthy under Presidents Reagan and George H.W. Bush. Fully 81% of the national debt was created by just these three Republican Presidents.

Maybe supply side wreckanomics and conservatives are not smart business decisions?

Social Security Q&A | Dollars & Sense

 

[Helix]

The Chinese millionaires thank you.

Why would they need to do that?

 

[Razoo]

Social Security privatization for example would raise the size of the government’s deficit by another $300 billion per year for the next 20 years. This does not seem to bother Republicans, as long as they are in power. In fact, by the time the second Bush left office, the national debt had grown to $12.1 trillion. Over half of that amount had been created by Bush’s tax cuts for the very wealthy. Another 30% of the national debt had been created by the tax cuts for the wealthy under Presidents Reagan and George H.W. Bush. Fully 81% of the national debt was created by just these three Republican Presidents.

Maybe supply side wreckanomics and conservatives are not smart business decisions?

When it does burst tons of homeowners who bought during this extreme inflation period will owe more than market value will bring. If any lose primary sources of income who will eat the losses?