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1
deepcgi
2018 May 9, 11:51pm
deepcgi
2018 May 9, 11:51pm
How is all this worldwide debt meaningless if the world's balance sheets and collateralized debt all depend on interest payments?
Both parties to blame, everywhere in the first world.
https://www.theguardian.com/business/2018/apr/18/global-debt-now-worse-than-before-financial-crisis-says-imf
Both parties to blame, everywhere in the first world.
https://www.theguardian.com/business/2018/apr/18/global-debt-now-worse-than-before-financial-crisis-says-imf
2
anotheraccount
2018 May 9, 11:56pm
anotheraccount
2018 May 9, 11:56pm
deepcgi says
I used to think that way too. Now after Trump's tax cuts and increased spending, I think the Republicans are worse.
Both parties to blame, everywhere in the first world.
I used to think that way too. Now after Trump's tax cuts and increased spending, I think the Republicans are worse.
3
steverbeaver
2018 May 10, 12:47am
steverbeaver
2018 May 10, 12:47am
Charity at the hands of the government has largely been a mistake.
4
bob2356
2018 May 10, 3:57am
anotheraccount says
Republicans are strongly in favor of balanced budgets and believe that deficits/debt are the ruin of the country. When they are out of power.
I think the Republicans are worse.
Republicans are strongly in favor of balanced budgets and believe that deficits/debt are the ruin of the country. When they are out of power.
5
Y
2018 May 10, 6:29am
Y
2018 May 10, 6:29am
whoever is in power takes the heat.
they all claim they will bring the country together, then do nothing to promote it.
they all claim they will bring the country together, then do nothing to promote it.
6
Tenpoundbass
2018 May 10, 6:36am
Tenpoundbass
2018 May 10, 6:36am
Yup current President gets the wrap. That is why Trump is free wheeling shitting on disastrous shit the last fucking morons did under the guise of intelligent Presidents.
Trump is the adult in charge. We don't blame Obama or Bush for Trump's failure to react to what is happening now and fix the crises in real time as they happen.
All Obama did is let Rome burn while saying. "Fuck it, I didn't strike the match!"
Sit your asses down and watch a President at work.
Trump is the adult in charge. We don't blame Obama or Bush for Trump's failure to react to what is happening now and fix the crises in real time as they happen.
All Obama did is let Rome burn while saying. "Fuck it, I didn't strike the match!"
Sit your asses down and watch a President at work.
7
MisdemeanorRebel
2018 May 10, 2:24pm
MisdemeanorRebel
2018 May 10, 2:24pm
The Debt problem is greatly exaggerated; most of the debt is owed to ourselves.
The Debt is just an excuse for the opposition on any issue to oppose something.
"We can't afford another war because Debt! (but we need to have $500/month national child care voucher for all working women)"
"We can't afford $500/month national child care vouchers because Debt! (but we can afford another war)"
The Debt is just an excuse for the opposition on any issue to oppose something.
"We can't afford another war because Debt! (but we need to have $500/month national child care voucher for all working women)"
"We can't afford $500/month national child care vouchers because Debt! (but we can afford another war)"
8
MisdemeanorRebel
2018 May 10, 2:26pm
MisdemeanorRebel
2018 May 10, 2:26pm
Feux Follets says
So you agree that Trump is personally responsible for North Korean breakthrough?
Does this very key important last point also apply to Potus, his family, and his administration ?
So you agree that Trump is personally responsible for North Korean breakthrough?
9
bob2356
2018 May 10, 3:02pm
WarrenTheApe says
Just too goddam funny. The same people who spent 8 years screaming about Obama debt now say there is no debt problem. You really and truly can't make this shit up.
TwoScoopsOfDragonEnergy says
That and the federal government is sitting on a guestimated $128+ TRILLION in assets
The Debt problem is greatly exaggerated; most of the debt is owed to ourselves.
Just too goddam funny. The same people who spent 8 years screaming about Obama debt now say there is no debt problem. You really and truly can't make this shit up.
11
bob2356
2018 May 10, 9:10pm
FortWayne says
Solutions like cutting taxes resulting in trillions more debt. Perfect.
Blame doesn’t matter, only solutions matter.
Solutions like cutting taxes resulting in trillions more debt. Perfect.
There is no knowing what event will trigger it, but the big debt hemoglobin hot tub is a sure thing now.
Who will you be blaming? After 16 straight years of blaming George W. for every bit of bad news, will you have the nerve to blame President Trump for the Big One? He's one of the big abusers to be sure, but so are you.
This debt disaster goes all the way back to President Johnson, but if I had to pick a number of decades, I would say the piling on began in earnest 30 years ago.
The well-to-do deserve no bail outs. They should blame themselves. The poor certainly will know who to point the pitchforks at. Neither right nor left is guiltless. No amount of screaming and pointing will bring absolution.
Too many of the world's most powerful and wealthy collect payments on the debt's interest. No one will be forgiving or forgetting debts this huge without massive loss of life.
Just getting it on the record.