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Old 03-02-2017, 10:14 PM
 
1,188 posts, read 958,892 times
Reputation: 1598

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I've heard a few financial gurus predict that $20 trillion will be the breaking point. Maybe it won't, but there will be some point at which investors realize the U.S. is never going to pay it's debt and that'll send shockwaves through the financial system and crash it.

U.S. National Debt Clock : Real Time
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Old 03-02-2017, 10:16 PM
 
Location: Native of Any Beach/FL
35,699 posts, read 21,049,622 times
Reputation: 14244
Dang, Potus golfing has got to stop!
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Old 03-02-2017, 10:20 PM
 
9,576 posts, read 7,332,629 times
Reputation: 14004
It could be worse, much worse, just look at Venezuela which is down to its last $10 billion, sucks to be them!
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Old 03-02-2017, 10:21 PM
 
34,278 posts, read 19,368,360 times
Reputation: 17261
This is not the time to be growing our debt. That was in 2009. Now is the time we should be paying it down for the next recession. Instead the Republicans are going to do what they do best. Spend like drunken sailors, while cutting the government income.
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Old 03-02-2017, 10:22 PM
 
Location: Ft. Myers
19,719 posts, read 16,839,973 times
Reputation: 41863
Quote:
Originally Posted by tinytrump View Post
Dang, Potus golfing has got to stop!

It's that damn wall, I tell ya, that damn wall !
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Old 03-02-2017, 10:35 PM
 
Location: Native of Any Beach/FL
35,699 posts, read 21,049,622 times
Reputation: 14244
Quote:
Originally Posted by don1945 View Post
It's that damn wall, I tell ya, that damn wall !
All these arrests they are doing -if they continue. That $$$ 20 will be $22 before the end in 2017. I know the wall is. Slooooow process , lucky if he sees it completed before term is up. Feds take years to get things done. Him boosting military funds makes me wonder how much the Army Corp of engineers is getting? They will build you a city in a week..
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Old 03-02-2017, 11:06 PM
 
Location: Northridge/Porter Ranch, Calif.
24,511 posts, read 33,309,299 times
Reputation: 7623
Quote:
Originally Posted by greywar View Post
This is not the time to be growing our debt. That was in 2009. Now is the time we should be paying it down for the next recession. Instead the Republicans are going to do what they do best. Spend like drunken sailors, while cutting the government income.
Republicans spend like drunken sailors? What about Democrats? Historically, they are big spenders (tax and spenders, that is).
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Old 03-02-2017, 11:11 PM
 
34,278 posts, read 19,368,360 times
Reputation: 17261
Quote:
Originally Posted by Fleet View Post
Republicans spend like drunken sailors? What about Democrats? Historically, they are big spenders (tax and spenders, that is).
Uh huh. Apparently you dont remember who coined the term "deficits don't matter".

Look, the time to spend is during recessions. I dont care who does it. But the time to spend your debt down is when the recession is over. This is not the time.
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Old 03-02-2017, 11:13 PM
 
9,848 posts, read 8,280,777 times
Reputation: 3296
Obama!
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Old 03-02-2017, 11:16 PM
 
Location: Northridge/Porter Ranch, Calif.
24,511 posts, read 33,309,299 times
Reputation: 7623
Quote:
Originally Posted by greywar View Post
Uh huh. Apparently you dont remember who coined the term "deficits don't matter".

Look, the time to spend is during recessions. I dont care who does it. But the time to spend your debt down is when the recession is over. This is not the time.
Apparently, you don't remember the history of Democratic spending.
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