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Debt limit

Sledog
Sledog Member Posts: 38,610 Standard Supporter
in Tug Tavern
https://www.justfactsdaily.com/everything-youve-heard-about-the-debt-limit-is-wrong
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  • WestlinnDuck
    WestlinnDuck Member Posts: 17,916 Standard Supporter
    We are at the point where we are going to run out of other people's money. The debt trajectory is unsustainable. Either default now with debt at $31.5 trillion or borrow, according to the lying dementia patient, another $20 trillion over the next 10 years and then default. Clear solution is to keep open borders, be the world's welfare magnet and get Team America World's Police involved in eternal wars.

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    The U.S. national debt has grown by $8.2 trillion since 2020 and is now $31.5 trillion. This is an average debt of $239,763 for every home in the nation.

    Those figures don’t account for the government’s fiscal liabilities and unfunded obligations. When these are included—as government requires in the financial statements of publicly traded corporations—the total federal shortfall is $135 trillion. This is an average burden of more than $1 million per household.

    In addition, Biden has proposed a budget framework that will allow the national debt to grow over the next decade by $19.8 trillion, according to his own administration’s projections.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,556 Founders Club
    The democrats and their media are using the 08 playbook. W was in his last days as president when the democrats voted a few trillion in bailouts

    Trump was president when the covid trillions were voted. Then Biden rang up another trillion

    So low info voters like H can be lied to that the democrats are fiscally responsible

    McCarthy has a debt reduction plan on the table that Biden is already lying about

    As long as young voters and bored housewives keep assuring us that nothing matters expect more of the same
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,263 Founders Club
    RaceBannon said:

    The democrats and their media are using the 08 playbook. W was in his last days as president when the democrats voted a few trillion in bailouts

    Trump was president when the covid trillions were voted. Then Biden rang up another trillion

    So low info voters like H can be lied to that the democrats are fiscally responsible

    McCarthy has a debt deficit reduction plan on the table that Biden is already lying about

    As long as young voters and bored housewives keep assuring us that nothing matters expect more of the same

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  • HHusky
    HHusky Member Posts: 24,339
    I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,263 Founders Club
    edited May 2023
    HHusky said:

    I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.

    I like to pretend that spending that hasn’t occurred yet is a bill.
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  • HHusky
    HHusky Member Posts: 24,339
    RaceBannon said:

    HHusky said:

    I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.

    If you can't pay your bills you should stop fucking spending

    Don't even need to pretend

    Democrats pay bills with a credit card. Fiscally responsible
    Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.
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  • WestlinnDuck
    WestlinnDuck Member Posts: 17,916 Standard Supporter
    HHusky said:

    RaceBannon said:

    HHusky said:

    I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.

    If you can't pay your bills you should stop fucking spending

    Don't even need to pretend

    Democrats pay bills with a credit card. Fiscally responsible
    Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.
    Actually, some of us care more about country than party. None of you do. Like I said, dems' plan is open borders, the US as the world's welfare magnet, wasting money on teacher unions and eternal wars to benefit the MIC.
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  • HHusky
    HHusky Member Posts: 24,339
    WestlinnDuck said:

    HHusky said:

    RaceBannon said:

    HHusky said:

    I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.

    If you can't pay your bills you should stop fucking spending

    Don't even need to pretend

    Democrats pay bills with a credit card. Fiscally responsible
    Besides, who cares what damage is done if you’re confident Biden will get the blame. I follow your reasoning.
    Actually, some of us care more about country than party. None of you do. Like I said, dems' plan is open borders, the US as the world's welfare magnet, wasting money on teacher unions and eternal wars to benefit the MIC.
    Gasbag says we gotta default, ‘cuz liberals of course.
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,554 Standard Supporter
    RaceBannon said:

    HHusky said:

    I like to pretend not paying my bills is the responsible course. That’s what I like to pretend.

    If you can't pay your bills you should stop fucking spending

    Don't even need to pretend

    Democrats pay bills with a credit card. Fiscally responsible
    Paying bills with a credit card is fine if you get the airline points, double cash back and pay off the balance every month.

    Buying a house on a credit card, not so smart.

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