Jan 29, 2020 1:01 AM
spanky82
783
32
20
Beatmosphere
Balance transfer that shit.
theprincethatshallcome
Who do we owe? The Federal Reserve? Our money is fake, just like the debt. It's all a sham since we got off the gold standard.
justherefortheshitposting
Yeah, because devaluing your own currency via "lol just print more" worked so well in the past, like it did for interwar Germany.
WorldsSmallestMegaDick
We owe bond holders who were using govt bonds to store money.
wadenelson1
It's fake until hyperinflation takes over because they have to raise the interest rate to sell anymore worthless debt.
Alenelvans
We owe mostly our own citizens and then also some foreign organizations and governments. And money has only ever had value because of taxes.
1861 was the Radical Republicans, hard-left progressives who were gradually ousted by the former Whigs that came to dominate the party.
I know I know
DarkSock
Remember how obsessed and worried the GOP was for a certain 8 year period? Than after 2016 they were like “LOL PARTY TIME BITCHES”
dohcohv
It's always the people who aren't in power who complain about debt, when they get in power it becomes "necessary"
thesameasyours
Obama had it under $500 million when he left office
itsBuddy
Lmao. Wasn’t Obama solely that ran the debt up. They are all crooks with Ivy league school degrees.
He had it around or under $500 million his last few years, as soon as trump came in it went up
Lmao. He added 7-9 trillion dollars. Listen I am an independent here. Looks at the true numbers.
Total debt should be our focus.
That would be very convenient for your narrative. Do you understand how the economy works? The last few years he had it very low.
Had what very low?
The first few years it went way up, can you take a guess why? Our economy started collapsing before he was sworn in.
Republicans weren’t the conservatives in 1861.
Yup. You get the idea though
Mostly. I don’t think the debt is gonna destroy the country. But they are massive hypocrites about it, that’s for sure
When American goes bankrupt it’s gonna make the last Great Recession look like a small surge.
We would need to like double again our debt to be anything close to in trouble. 100% of gdp is only slightly above average.
Imagine how much money you’re wasting in interest payments every year so billionaires can have massive tax cuts.
Beatmosphere
Balance transfer that shit.
theprincethatshallcome
Who do we owe? The Federal Reserve? Our money is fake, just like the debt. It's all a sham since we got off the gold standard.
justherefortheshitposting
Yeah, because devaluing your own currency via "lol just print more" worked so well in the past, like it did for interwar Germany.
WorldsSmallestMegaDick
We owe bond holders who were using govt bonds to store money.
wadenelson1
It's fake until hyperinflation takes over because they have to raise the interest rate to sell anymore worthless debt.
Alenelvans
We owe mostly our own citizens and then also some foreign organizations and governments. And money has only ever had value because of taxes.
justherefortheshitposting
1861 was the Radical Republicans, hard-left progressives who were gradually ousted by the former Whigs that came to dominate the party.
spanky82
I know I know
DarkSock
Remember how obsessed and worried the GOP was for a certain 8 year period? Than after 2016 they were like “LOL PARTY TIME BITCHES”
dohcohv
It's always the people who aren't in power who complain about debt, when they get in power it becomes "necessary"
thesameasyours
Obama had it under $500 million when he left office
itsBuddy
Lmao. Wasn’t Obama solely that ran the debt up. They are all crooks with Ivy league school degrees.
thesameasyours
He had it around or under $500 million his last few years, as soon as trump came in it went up
itsBuddy
Lmao. He added 7-9 trillion dollars. Listen I am an independent here. Looks at the true numbers.
itsBuddy
Total debt should be our focus.
thesameasyours
That would be very convenient for your narrative. Do you understand how the economy works? The last few years he had it very low.
itsBuddy
Had what very low?
thesameasyours
The first few years it went way up, can you take a guess why? Our economy started collapsing before he was sworn in.
Alenelvans
Republicans weren’t the conservatives in 1861.
spanky82
Yup. You get the idea though
Alenelvans
Mostly. I don’t think the debt is gonna destroy the country. But they are massive hypocrites about it, that’s for sure
spanky82
When American goes bankrupt it’s gonna make the last Great Recession look like a small surge.
Alenelvans
We would need to like double again our debt to be anything close to in trouble. 100% of gdp is only slightly above average.
spanky82
Imagine how much money you’re wasting in interest payments every year so billionaires can have massive tax cuts.