Leftwing Policies Bankrupting The Nation: National Debt Jumps Nearly $100 Billion In One Day To Record High (legal, dollar)

[Quick Enough]

Originally Posted by jambo101

$100 billion is a lot of money, what is the government spending it on?

Former Sen. Tom Coburn wrote a BOOK every YEAR about gov't waste.

Did you ever read one?

"ignorance, is NO excuse"

[Stymie13]

We should have QE 4... Paid directly to those who filed income tax for fiscal year 2015.

If government is NO concern, send everyone who filed taxes 300,000 under the stipulation:

1. Pay off mortgage
2. If money remains pay off student loan
3. If money remains pay off car loans/lease
4. If money remains apply to cc/personal loan

Again, since debt doesn't matter to government, don't bail banks/mortgage lenders, bail us out.

[le roi]

Originally Posted by pknopp

When the rest of the world discards the dollar as the world currency

And adopts what? The yen? The Euro? Some magical hypothetical currency that doesn't actually exist, and is managed by no one?

we can and will go bankrupt. They have already started.

right, ok, so explain in detail the process of a U.S. bankruptcy.

How does America run out of U.S. dollars?

[Hoonose]

Originally Posted by Stymie13

We should have QE 4... Paid directly to those who filed income tax for fiscal year 2015.

If government is NO concern, send everyone who filed taxes 300,000 under the stipulation:

1. Pay off mortgage
2. If money remains pay off student loan
3. If money remains pay off car loans/lease
4. If money remains apply to cc/personal loan

Again, since debt doesn't matter to government, don't bail banks/mortgage lenders, bail us out.

The essence makes sense to me. But the middle class would never be smart enough to demand this in such simple terms. The rich of course are the smart ones, and this is one very major reason they are rich.

[Hoonose]

Originally Posted by le roi

And adopts what? The yen? The Euro? Some magical hypothetical currency that doesn't actually exist, and is managed by no one?





right, ok, so explain in detail the process of a U.S. bankruptcy.

How does America run out of U.S. dollars?

Washington DC, Congress, the Executive, the Fed and member banks are destroyed.
I have seen it myself in movies, so it could happen.

[pknopp]

Originally Posted by le roi

And adopts what? The yen? The Euro? Some magical hypothetical currency that doesn't actually exist, and is managed by no one?

Perhaps all of the above.

right, ok, so explain in detail the process of a U.S. bankruptcy.

How does America run out of U.S. dollars?

I already did. Greece could print billions of dollars also but no one is going to accept them as payment.

http://www.wsj.com/articles/chinas-c...lar-1449843879

Just a start.

[t206]

Originally Posted by le roi

And adopts what? The yen? The Euro? Some magical hypothetical currency that doesn't actually exist, and is managed by no one?





right, ok, so explain in detail the process of a U.S. bankruptcy.

How does America run out of U.S. dollars?

Do you honestly believe that we can just print all we want and people will continue to accept it at face value? I fear that many people actually believe this and have no concept of what could truly happen.

[Stymie13]

Originally Posted by t206

Do you honestly believe that we can just print all we want and people will continue to accept it at face value? I fear that many people actually believe this and have no concept of what could truly happen.

Yes, some people believe that as long as gdp grows, the money supply can also grow at an exponentional rate

[PedroMartinez]

A smaller government with a smaller checkbook is the ONLY answer.

[Kracer]

Originally Posted by PullMyFinger

Not once have I heard Obama mention the debt or the deficit. Must be another thing he is blaming Congress for.

If we elected obama we would not have that debt!


https://www.youtube.com/embed/DyLmru6no4U"