invite response« First « Previous Comments 130 - 161 of 161 Search these comments
131
HeadSet
2024 Nov 5, 3:36pm
HeadSet
2024 Nov 5, 3:36pm
DemocratsAreTotallyFucked says
Yes, and those few women with paid off loans likely had payment help from hubby or daddy.
Yes, and those few women with paid off loans likely had payment help from hubby or daddy.
132
MolotovCocktail
2024 Nov 20, 3:10pm
MolotovCocktail
2024 Nov 20, 3:10pm
Never saw this movie. After watching this scene about debt, I will now:
https://m.youtube.com/watch?v=Dpp4vhAxzLU
https://m.youtube.com/watch?v=Dpp4vhAxzLU
136
HeadSet
2025 Feb 11, 7:36am
HeadSet
2025 Feb 11, 7:36am
The_Deplorable says
This is very likely false. This may even have been put out by Dems since it is easily researched and makes Warren look like the victim of libel.
This is very likely false. This may even have been put out by Dems since it is easily researched and makes Warren look like the victim of libel.
137
RWSGFY
2025 Feb 11, 7:54am
RWSGFY
2025 Feb 11, 7:54am
HeadSet says
His handle should be changed to The_Gullible.
The_Deplorable says
This is very likely false. This may even have been put out by Dems since it is easily researched and makes Warren look like the victim of libel.
His handle should be changed to The_Gullible.
138
AD
2025 Feb 25, 12:24am
AD
2025 Feb 25, 12:24am
From the Congressional Budget Office on 10 February 2025:
"The federal budget deficit totaled $838 billion in the first four months of fiscal year 2025, CBO estimates. That amount is $306 billion more than the deficit recorded during the same period last fiscal year"
So what went down as this can't be due to increase in federal debt payments for a $306 billion increase in spending over 4 months (1 October 2024 to 1 February 2025) compared to the same period in last fiscal year ?
How much did Biden accelerate spending after the election and this relates to the statement about "throwing gold bars off the Titanic" as far as getting as much money to the Stacey Abrams non profits before Trump's inauguration ?
I hope more of this type of prudent leadership happens in Trump's admin: https://www.epa.gov/newsreleases/administrator-zeldin-announces-billions-dollars-worth-gold-bars-have-been-located
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"The federal budget deficit totaled $838 billion in the first four months of fiscal year 2025, CBO estimates. That amount is $306 billion more than the deficit recorded during the same period last fiscal year"
So what went down as this can't be due to increase in federal debt payments for a $306 billion increase in spending over 4 months (1 October 2024 to 1 February 2025) compared to the same period in last fiscal year ?
How much did Biden accelerate spending after the election and this relates to the statement about "throwing gold bars off the Titanic" as far as getting as much money to the Stacey Abrams non profits before Trump's inauguration ?
I hope more of this type of prudent leadership happens in Trump's admin: https://www.epa.gov/newsreleases/administrator-zeldin-announces-billions-dollars-worth-gold-bars-have-been-located
.
139
AD
2025 Mar 1, 12:15pm
AD
2025 Mar 1, 12:15pm
Interesting info on asset-backed debt (I.e., US Treasuries, mortgages, car loans, credit card debt, etc)
https://www.sifma.org/resources/research/statistics/fixed-income-chart/
The above link shows around $4.6 trillion in 2024 of financed or issued US Treasuries.
I wonder if at least $2.7 trillion of that is refinanced debt such as the US Treasury refinancing short term debt to longer duration debt like 30 year Treasuries.
The below recent Wall St Journal article reminisces about the movie The Big Short in regards to mortgage backed securities
https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24
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https://www.sifma.org/resources/research/statistics/fixed-income-chart/
The above link shows around $4.6 trillion in 2024 of financed or issued US Treasuries.
I wonder if at least $2.7 trillion of that is refinanced debt such as the US Treasury refinancing short term debt to longer duration debt like 30 year Treasuries.
The below recent Wall St Journal article reminisces about the movie The Big Short in regards to mortgage backed securities
https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24
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142
AmericanKulak
2025 Mar 5, 3:50pm
AmericanKulak
2025 Mar 5, 3:50pm
clambo says
We didn't get $37T in debt from Israel. Not if we borrowed the few billion every year at 25% interest over decades.
Re above: How about Israel?
We didn't get $37T in debt from Israel. Not if we borrowed the few billion every year at 25% interest over decades.
143
AD
2025 Mar 5, 10:06pm
AD
2025 Mar 5, 10:06pm
AmericanKulak says
Let's see by 4 July 2026 that the debt to GDP ratio is less than 107%, which was the ratio in 2019 and below 100% by January 2029.
https://tradingeconomics.com/united-states/government-debt-to-gdp
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We didn't get $37T in debt from Israel. Not if we borrowed the few billion every year at 25% interest over decades.
Let's see by 4 July 2026 that the debt to GDP ratio is less than 107%, which was the ratio in 2019 and below 100% by January 2029.
https://tradingeconomics.com/united-states/government-debt-to-gdp
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146
AD
2025 Mar 24, 10:26am
AD
2025 Mar 24, 10:26am
https://www.mypanhandle.com/news/national-news/us-could-default-on-debt-as-soon-as-july-analysis
(The Hill) – The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action.
The prominent think tank forecasted on Monday that the so-called “X-Date” would likely arrive between mid-July and early October.
“Fiscal responsibility is not just about avoiding financial calamity time and time again—it’s about ensuring economic stability and paying our bills on time,” Margaret Spellings, president and CEO of the think tank, said in a statement.
(The Hill) – The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action.
The prominent think tank forecasted on Monday that the so-called “X-Date” would likely arrive between mid-July and early October.
“Fiscal responsibility is not just about avoiding financial calamity time and time again—it’s about ensuring economic stability and paying our bills on time,” Margaret Spellings, president and CEO of the think tank, said in a statement.
147
AD
2025 Apr 10, 12:18am
AD
2025 Apr 10, 12:18am
The most US Treasuries that China has owned were around $1.3 trillion in 2011.
It has slowly reduced its holdings since 2011 and currently owns around $750 billion.
It has slowly reduced its holdings since 2011 and currently owns around $750 billion.
149
Misc
2025 Apr 10, 1:23am
AD says
China has continued to increase its holdings of Treasuries. It has kept them under the auspices of its SOEs. It holds them at a variety of institutions. China has deliberately clouded this issue.
The most US Treasuries that China has owned were around $1.3 trillion in 2011.
It has slowly reduced its holdings since 2011 and currently owns around $750 billion.
China has continued to increase its holdings of Treasuries. It has kept them under the auspices of its SOEs. It holds them at a variety of institutions. China has deliberately clouded this issue.
150
MolotovCocktail
2025 Apr 15, 9:06am
MolotovCocktail
2025 Apr 15, 9:06am
Patrick says
Nope. The US government isn't 'every American'.
But we pay way more than 2k from hollowing out our manufacturing base.
So every American owes the Chinese around $2,000.
Nope. The US government isn't 'every American'.
But we pay way more than 2k from hollowing out our manufacturing base.
151
AD
2025 May 14, 10:56am
AD
2025 May 14, 10:56am
MolotovCocktail says
Officially about $780 billion in US Treasuries is owned by China. About $8 trillion of $36 trillion is foreign owned.
I doubt the Chicoms own more than $800 billion in US Treasuries.
But the fact you brought up Chicom state owned industries or enterprises, reminds us how unfair trade is with China and why we have a $300 billion trade deficit with them.
I love reading stories about Steve Jobs mentioning that Apple products are built by Chicom workers who live in dormitories at the manufacturing plant. Might as well call it a barracks and not dormitory and make them wear Peoples Liberation Army uniforms.
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Patrick says
So every American owes the Chinese around $2,000.
Nope. The US government isn't 'every American'.
But we pay way more than 2k from hollowing out our manufacturing base.
Officially about $780 billion in US Treasuries is owned by China. About $8 trillion of $36 trillion is foreign owned.
I doubt the Chicoms own more than $800 billion in US Treasuries.
But the fact you brought up Chicom state owned industries or enterprises, reminds us how unfair trade is with China and why we have a $300 billion trade deficit with them.
I love reading stories about Steve Jobs mentioning that Apple products are built by Chicom workers who live in dormitories at the manufacturing plant. Might as well call it a barracks and not dormitory and make them wear Peoples Liberation Army uniforms.
.
153
AD
2025 May 16, 6:12pm
AD
2025 May 16, 6:12pm
https://finance.yahoo.com/news/us-loses-last-top-credit-221054398.html
US Loses Last Top Credit Rating With Downgrade From Moody’s
US Loses Last Top Credit Rating With Downgrade From Moody’s
155
RWSGFY
2025 May 20, 5:43pm
RWSGFY
2025 May 20, 5:43pm
AD says
https://finance.yahoo.com/news/us-loses-last-top-credit-221054398.html
US Loses Last Top Credit Rating With Downgrade From Moody’s
156
AD
2025 May 21, 11:29pm
AD
2025 May 21, 11:29pm
.
This author wrote in 2013 about debt : https://www.oftwominds.com/blogmay13/genX5-13.html
He just wrote this insightful article which validates his 2013 article, and he's say there needs to be a means test for social security among other spending reforms:
https://www.zerohedge.com/personal-finance/boomers-lets-face-it-math-doesnt-work
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This author wrote in 2013 about debt : https://www.oftwominds.com/blogmay13/genX5-13.html
He just wrote this insightful article which validates his 2013 article, and he's say there needs to be a means test for social security among other spending reforms:
https://www.zerohedge.com/personal-finance/boomers-lets-face-it-math-doesnt-work
.
157
The_Deplorable
2025 May 22, 9:16am
AD says
No because Social Security has been running a surplus for years! Years!
Social Security is our hard earned money for retirement - every single penny!
And if we remove the fraud from Social Security then that will make Social
Security more secure.
Social Security is rock solid.
"there needs to be a means test for social security among other spending reforms:
https://www.zerohedge.com/personal-finance/boomers-lets-face-it-math-doesnt-work "
No because Social Security has been running a surplus for years! Years!
Social Security is our hard earned money for retirement - every single penny!
And if we remove the fraud from Social Security then that will make Social
Security more secure.
Social Security is rock solid.
158
MolotovCocktail
2025 May 25, 8:21am
MolotovCocktail
2025 May 25, 8:21am
The government has a lot of debt but it has a lot of assets too:
•640 million acres of land (28% of America)
•$500B in gold reserves
•$1.8T in military equipment and bases
•300,000+ federal buildings (including national labs, NASA facilities, post offices)
•48,000 miles of interstate highways
•Massive mineral and energy resources (oil, gas, minerals, water rights)
•650M barrels in the Strategic Petroleum Reserve
•$1.6T in student loan debt owed to the government
•Air rights and wireless spectrum licenses
•Fannie Mae and Freddie Mac stakes (~$150B net worth combined)
•Power generation assets like the Tennessee Valley Authority (TVA)
•Ports, waterway infrastructure, and major federal transportation assets
•National parks and forests (economic and environmental value)
They would be hard to sell and liquidate, but they could definitely be leased, monetized, or privatized in part. Total estimated value: $25–50+ trillion.
https://x.com/HayekAndKeynes/status/1926451705845055530
159
AD
2025 May 26, 11:15am
AD
2025 May 26, 11:15am
.
https://dailyhodl.com/2025/05/24/fed-quietly-buys-43600000000-in-us-treasuries-in-alleged-stealth-qe-operation-after-china-abruptly-dumps-billions-in-bonds/
China now holds $765.4 billion in US Treasuries and is in third place behind the UK and Japan, which hold $779 billion and $1.13 trillion, respectively.
Interesting that the Chicoms maximum holdings was around $1.3 trillion around 2014.
I look forward to the Wolfman at Wolf Street website to give an update on the Federal Reserve's balance sheet.
.
https://dailyhodl.com/2025/05/24/fed-quietly-buys-43600000000-in-us-treasuries-in-alleged-stealth-qe-operation-after-china-abruptly-dumps-billions-in-bonds/
China now holds $765.4 billion in US Treasuries and is in third place behind the UK and Japan, which hold $779 billion and $1.13 trillion, respectively.
Interesting that the Chicoms maximum holdings was around $1.3 trillion around 2014.
I look forward to the Wolfman at Wolf Street website to give an update on the Federal Reserve's balance sheet.
.
160
Misc
2025 May 26, 12:10pm
AD says
The Chinese hold some additional hundreds of Billions through their SOEs. They try to keep their total holdings quiet, but yep in the UK and Carribean Islands as well as HK.
Interesting that the Chicoms maximum holdings was around $1.3 trillion around 2014
The Chinese hold some additional hundreds of Billions through their SOEs. They try to keep their total holdings quiet, but yep in the UK and Carribean Islands as well as HK.
161
AD
2025 May 26, 12:58pm
AD
2025 May 26, 12:58pm
Misc says
Who knows as far as Chicom State Owned Industries (SOEs) other than the Chicoms themselves, but the amount of US Treasuries held by China has steadily decreased since 2014.
.
AD says
Interesting that the Chicoms maximum holdings was around $1.3 trillion around 2014
The Chinese hold some additional hundreds of Billions through their SOEs. They try to keep their total holdings quiet, but yep in the UK and Carribean Islands as well as HK.
Who knows as far as Chicom State Owned Industries (SOEs) other than the Chicoms themselves, but the amount of US Treasuries held by China has steadily decreased since 2014.
.
« First « Previous Comments 130 - 161 of 161 Search these comments
As interest rates rise, the math says that it's better if invest any spare cash rather than pay down debt, which is at a low fixed rate (house, student loan, small car loan). However, particularly with the mortgage, there is something to be said for the peace of mind of having it behind me and owning my home outright. I'm fully funding my 401(k), and have a six month emergency fund, but until now, any "free cash" beyond that, I've been diverting to the mortgage. As I sit right now, the goal is have it paid off in the next 5 to 7 years. With high yield savings paying about 4% right now, that's a 1% spread relative to my 3% mortgage.
As much as I could try to invest in the market 1) I'm not that good, and 2) the market has more or less peaked, and I don't see another major bull market given that we are seeing the end of the "everything bubble". Once I own the house free and clear, then I'll have plenty of "play money" to invest or whatever and hopefully catch the next upswing.