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DM to Passion
UW_Doog_Bot
Member, Swaye's Wigwam Posts: 18,187 
in Tug Tavern
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.
Comments
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I miss the 90's damn it!!
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There is a correlation between trade deficits and who holds the most t-bills abroad. I blame @Swaye for our trade deficit with Switzerland.
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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.YellowSnow said:I miss the 90's damn it!!
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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.
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