Obama entered office to a crashed economy. The economy recovered, and his budget years added $8.3 trillion to the debt in 8 years.TFG entered office to a recovered economy. He then tried to ignore covid, and crashed the economy. His budget years will add $7.7 trillion to the debt in 4 years.
Just WHAT is the "National Deficit"? I just don't get it. IANAEconomist.
Is it actual dollars the government owes to taxpayers? To business? To itself? To other countries?
Dok, someone, please help me here, in an as simply-stated an answer as can be! Please!
If debts can be clean-slated, erased, forgiven, from everything from parking tickets to rebates, student loans and driver's-safety-for-insurance rates, (and jv court records), what is the problem with the big issue of "The National Debt"?
Do we owe Fort Knox, or wherever? Do we owe The Dept. Of Treasury for excess paper/cloth/ink expenses?
It all makes me think of totally erasing the national debt completely. Cut ALL debts, private and commercial, by 50%...
All supply/manufacturing by 50%...
Every and all "balance dues".
Does it take a popular vote?Does it take an act of Congress?Does it take an Executive Order?
The debt is money that is owed to people, other nations, etc., but where it differs from the "credit card" narrative Republicans love, is that the debt never needs to be paid off so long as the US government continues to pay the interest on said debt, which is itself a pretty small amount in the overall picture.
Basically, the actual national debt is a pointless string of numbers/holdover from the gold standard era; without going too deep into the topic of fiat currency, it could be "paid off" this afteroon by an act of congress, but it probably wouldn't accomplish much and more likely cause global markets to go haywire.
There are shortages because of the pandemic since supply lines have been disrupted. Last year there was a lumber shortage because people were at home and they were fixing things or putting in decks and pools because they had to do something in the house.
Obama entered office to a crashed economy. The economy recovered, and his budget years added $8.3 trillion to the debt in 8 years.TFG entered office to a recovered economy. He then tried to ignore covid, and crashed the economy. His budget years will add $7.7 trillion to the debt in 4 years.
From time to time, I think about this.
Just WHAT is the "National Deficit"? I just don't get it. IANAEconomist.
Is it actual dollars the government owes to taxpayers? To business? To itself? To other countries?
Dok, someone, please help me here, in an as simply-stated an answer as can be! Please!
If debts can be clean-slated, erased, forgiven, from everything from parking tickets to rebates, student loans and driver's-safety-for-insurance rates, (and jv court records), what is the problem with the big issue of "The National Debt"?
Do we owe Fort Knox, or wherever? Do we owe The Dept. Of Treasury for excess paper/cloth/ink expenses?
It all makes me think of totally erasing the national debt completely. Cut ALL debts, private and commercial, by 50%...
All supply/manufacturing by 50%...
Every and all "balance dues".
Does it take a popular vote?Does it take an act of Congress?Does it take an Executive Order?
I really need help this time!
Most of the national debt is owed to Americans.
In what? Thoughts & Prayers? Or $Rebates?
Or is the National Debt supposed to be paid-off to Americans on some kind of installment plan? Like, "You'll be re-paid after your time is up."?
Do unto others as you would have others do unto you.-The Jesus guy
Gee, I don't want others to shoot me.
(See: Suez Canal/ Boaty McBlockface.Time: Not too long ago.)
The debt is money that is owed to people, other nations, etc., but where it differs from the "credit card" narrative Republicans love, is that the debt never needs to be paid off so long as the US government continues to pay the interest on said debt, which is itself a pretty small amount in the overall picture.
Basically, the actual national debt is a pointless string of numbers/holdover from the gold standard era; without going too deep into the topic of fiat currency, it could be "paid off" this afteroon by an act of congress, but it probably wouldn't accomplish much and more likely cause global markets to go haywire.
Those are the facts, yet 74 million Americans choose to ignore his incompetency.
The interest is pretty high; like 10% of every tax dollar.
There are shortages because of the pandemic since supply lines have been disrupted. Last year there was a lumber shortage because people were at home and they were fixing things or putting in decks and pools because they had to do something in the house.
"Hybrid Sin" = upvote!
Also a name for a Neo-Metal punk band.
Government bonds
Joe Manchin: Republicans are destroying our democracy with their abuse of the filibuster!
Also Joe Manchin: I’m not ready to destroy our government by ending the filibuster.
So CUTE!
He also looks like he doesn't for Joe's flavor preference.
She abandoned her kids to die for a literal human shit bag. Yes, the comparison is gross.