DM to Passion

UW_Doog_Bot

Passion said:

You want to talk about broke? Look at where trump has taken our national debt. Far larger than France or any other Country. We can’t pay our own fucking bills or pay for our own infrastructure improvements without borrowing from the Chinese.

[Look at where trump has taken our national debt.]




"Deficits as a share of GDP are expected to rise as spending for Social Security, Medicare, and interest on the federal debt rise faster than revenue."

[Far larger than France or any other Country.]




[We can’t pay our own fucking bills or pay for our own infrastructure improvements without borrowing from the Chinese.]






@Passion let me know if you need me to walk you through it step by step.

YellowSnow

I miss the 90's damn it!!

YellowSnow

There is a correlation between trade deficits and who holds the most t-bills abroad. I blame @Swaye for our trade deficit with Switzerland.

GrundleStiltzkin

UW_Doog_Bot

YellowSnow said:

I miss the 90's damn it!!

Idk, I enjoy the fact that currently we are financing the Chinese purchasing our debt and reaping the rate differences in between. That bubble has got to pop at some point.

Swaye

Never fuck with my boy @UW_Doog_Bot in an economics fight.

YellowSnow

Swaye said:

Never fuck with my boy @UW_Doog_Bot in an economics fight.

DerekJohnson

The national debt is obviously newsworthy and something to be deeply concerned about. But as George Friedman wrote, whenever you take a look at someone's finances, you always have to factor in assets as well.

BennyBeaver

@TheChart