National Debt

[The_Dude]

Public NUMBS as government DEBT BOMB explodes to $33T, annual budget DEFICIT approaches $2T (https://www.naturalnews.com/2023-09-22-debt-bomb-explodes-33t-budget-deficit-reaches-2t.html)

[6 Shooter]

💥 💥 💥

https://youtu.be/_JLTVEZHh2U?si=lPkiSY-J2u1ufmj0

https://www.usdebtclock.org/

[Don Rickles]

Print more.

[Egnalf]

its not real debt, and printing lots of dollars makes it easier to pay down.

[John E]

87,000 new agents! With loaded guns? Is that really, really true? A days wages for a quart of wheat... that part I know will be true. :yaddy:

[Raazor]

If you want to sleep this evening, do not click ---> https://www.usdebtclock.org/

[John E]

Buzz, can you go to DC and fix all this stuff please? :D The_Dude will let you know what's wrong :yesnod::seasix:

[cptlo306]

The national debt on Jan. 19, 2017, the day before Donald Trump was inaugurated president, was $19,944,429,217,107.

On Jan. 19, 2021, the day before Joe Biden was inaugurated, the debt was: $27,752,835,868,445 — about $7.8 trillion higher.

As of July 14, 2023, more than halfway through Biden’s term, the debt had risen by another roughly $4.7 trillion, to $32,542,410,783,067.

[Cool 50th AE]

My man Nick Cage was great in that movie.

[Egnalf]

this might be a bigger issue. https://youtu.be/M7svz8aEWec?si=WPTTJKdLkkgevxuF

[John E]

My man Nick Cage was great in that movie.

:rofl::rofl::rofl::yaddy:

[Yadkin]

its not real debt, and printing lots of dollars makes it easier to pay down.

Every failed nation has done that.

[The_Dude]

The U.S. is in the throes of a total financial collapse, followed by the Mark of the Beast (https://www.naturalnews.com/2023-09-24-financial-collapse-mark-beast-jeffrey-prather-interview.html)

[Tikiman]

The brakes are out and the hill just got steeper.

[Frankie the Fink]

But, but, but Zelinskyy needs more money and those poor students need their loans bailed out, then there are all those illegals that need clothed, housed and fed...

Have to have your priorities straight </sarcasm>

[Yadkin]

I'm sure that the smart peeps in the Brandon Administration have a plan for when the doll air collapses. :spdchk:

[Onebadcad]

99+% of those living here do not understand national debt.
They also do not understand deficits.
They also do not understand debt service.
They also do not understand debt service on the ledger of every annual budget.
They also do not understand the increases in national debt due to debt increase and higher treasury yields.
They also do not understand higher treasury yields are a requirement to sell our ever-expanding debt.
They also do not understand how national debt is serviced, and who pays this bill.
They also do not understand money supply and the ramifications of printing money.
They also do not understand that when money is given away, equal debt is incurred.
They also do not understand the gold standard which went away in 1973.

Most who live want as much as they can from the government, so they can do less, and so they can do more with their own money.

We are ****ED, as 60+% of those here are net negatives, with most believing the money tree has infinite limbs.

Debt has doubled in the last nine years.
Debt service in 2023 is 200% higher than in 2009.
Debt by 2025 will exceed $40T, may be over $45T if depends joe can fund policies through EOs.

Trump did a poor job balancing the budget, no POTUS in last 40 years has done this well.

$33T is the tip of the iceberg, tis does not include state, county, city and local debt.

In 1987 POTUS REAGAN signed the first $1T annual budget, only 36 years later the annual budget is $6.5T.

They are all losers, all POTUSs and all under the dome, very few are in it to preserve OUR GREAT NATION.

I can fix all things, including debt, in 4 years, vote for me and save THE USA!!

[Onebadcad]

DEBT BY STATE:

https://wisevoter.com/state-rankings/debt-by-state/

1 California 520 billion
2 New York 368 billion
3 Texas 324 billion
4 Illinois 159 billion
5 Florida 131 billion
6 Pennsylvania 128 billion
7 Massachusetts 98 billion
8 Ohio 93 billion
9 New Jersey 91 billion
10 Washington 90 billion
11 Michigan 82 billion
12 Virginia 70 billion
13 Colorado 67 billion
14 Georgia 63 billion
15 Maryland 59 billion
16 Minnesota 59 billion
17 Kentucky 53 billion
18 Connecticut 53 billion
19 Indiana 52 billion
20 Tennessee 50 billion
21 Wisconsin 49 billion
22 Missouri 48 billion
23 North Carolina 48 billion
24 Arizona 44 billion
25 Oregon 42 billion
26 South Carolina 38 billion
27 Alabama 35 billion
28 Louisiana 31 billion
29 Nevada 29 billion
30 Kansas 28 billion
31 Utah 22 billion
32 Iowa 21 billion
33 Arkansas 20 billion
34 District of Columbia 20 billion
35 Oklahoma 19 billion
36 Hawaii 17 billion
37 New Mexico 16 billion
38 Nebraska 16 billion
39 West Virginia 15 billion
40 Mississippi 15 billion
41 Rhode Island 12 billion
42 New Hampshire 10 billion
43 North Dakota 10 billion
44 Alaska 9 billion
45 Maine 9 billion
46 Delaware 8 billion
47 South Dakota 7 billion
48 Idaho 6 billion
49 Montana 6 billion
50 Vermont 5 billion
51 Wyoming 2 billion

[Onebadcad]

And then there are always those Unfunded Liabilities, mostly SSA and Medicare, which every administration has kicked down the road.
Current estimate is $80T.

https://www.cato.org/blog/medicare-social-security-are-responsible-95-percent-us-unfunded-obligations#:~:text=Over%20the%20next%2075%20years,programs%3A%20Medicare%20and%20Social%20Security.

The Financial Report of the United States Government (also known as the Financial Report) raises significant concerns about the country’s long‐​term financial health with increasing deficits and debt levels. Over the next 75 years, U.S. taxpayers face nearly $80 trillion in long‐​term unfunded obligations. What’s more, 95 percent of this unfunded obligation is driven by only two federal government programs: Medicare and Social Security.

Here are five key takeaways from the Financial Report:

Over the next 75 years, the U.S. government’s unfunded obligations total $79.5 trillion. Over the next 75 years, the unfunded obligations are the difference between the present value of projected non‐​interest spending of $430.2 trillion (see Figure 1) and the present value of total receipts of $350.6 trillion over the same period. Present value means that future cash flows have been discounted to adjust for expected inflation and interest rates, recognizing that one dollar today is more valuable than one dollar tomorrow. The discount rate reflects the expected rate of return taxpayers could have received over the next 75 years if they invested the 2022 value.

[Onebadcad]

State debt per capita should concern all, and always at the top are MOSTLY lib states, which have the greatest gov fraud, and also receive the highest federal bailout monies:

https://www.statista.com/statistics/312681/per-capita-us-state-and-local-government-debt-outstanding-by-state/#:~:text=U.S.%20per%20capita%20state%20and%20local%20government%20debt%20outstanding%202020%2C%20by%20state&text=In%202020%2C%20the%20federal%20state,debt%2C%20at%2029%2C339.48%20U.S.%20dollars.

[Onebadcad]

Good graphs

https://erepublic.brightspotcdn.com/dims4/default/350c822/2147483647/strip/true/crop/1450x1012+0+0/resize/840x586!/format/webp/quality/90/?url=http%3A%2F%2Ferepublic-brightspot.s3.amazonaws.com%2F1d%2Fcf%2F9f0bad5f4937a8b64376365f6347%2Fny-ca.png

[Onebadcad]

USA debt as a percentage of GDP.
Japan has been in 'austerity mode' since the 1990s, Debt was 100% of GDP, they may never recover.

https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-government-debt-to-gdp.png?s=usadebt2gdp&projection=te&v=202304061134V20230410

[Bruze]

Every failed nation has done that.

And a common feature among many of them was fighting “endless foreign wars.”

Hmm . . . ? :confused:

[Onebadcad]

its not real debt, and printing lots of dollars makes it easier to pay down.

Good humor, but SADLY true.

The most important, and usually the first, strategy for socialist rule is to destroy the economy, as it makes MOST people HIGHLY dependent on the gov for the basic needs, such as food and shelter.

This is the template used by all in history that pursued a one-party system.

This strategy is never straightforward, code phrases are used:

1) the 'rich' have stolen from you
2) the 'rich' do not pay enough
3) you deserve more from the 'rich'
4) the gov can best control business
5) big business is corrupt
6) only the gov can fix things
7) industries need to be nationalized
8) you cannot trust 'the man'
9) all people should be equal in all things

Inevitably the stupids outnumber the hard workers.
This leads to to totalitarianism, the opposition is prosecuted by illegitimate courts, then jailed and killed with bogus non-laws, the rulling party has no rules to govern themselves, voting is a farce, the media is grossly bias, the rallying cry is that we are on your side, not on the side of all.

^^^sound familiar

[VITE1]

And a common feature among many of them was fighting “endless foreign wars.”

Hmm . . . ? :confused:

Rome had to grow by military expansion to prop up their welfare State.

The had debased their currency massively over the centuries. Unlike us who have done it over 50 years.

[Bruze]

Rome had to grow by military expansion to prop up their welfare State.

The had debased their currency massively over the centuries. Unlike us who have done it over 50 years.

I've read, years ago, that they debased their hard currency the following way: When people went to a public gathering, there would be a gov't employee of some sort at a gate, who would clip a bit of everyone's coin off. Those bits of gold went to the emperor.

It was inflationary, because the public's coins would no longer buy what they used to buy; I assume a customer's coins were weighed by merchants who needed to know, and the amount of goods sold were adjusted accordingly. The government was stealing from the people. Hmm . . . ? That has a familiar ring to it. :eek:

This was the reason we have vertical serrations on coins, so if someone files a bit off it would be noticeable. Of course that only mattered when our coins were still silver and gold.

[Kevin68]

But, but, but Zelinskyy needs more money and those poor students need their loans bailed out, then there are all those illegals that need clothed, housed and fed...

Have to have your priorities straight </sarcasm>

While these are legitimate gripes, and if completely unfunded, represent only a few percent, at most, of the debt. Large cuts to discretionary/military spending do no more than exorbitant taxes on the the rich and/or wealth.

Pareto Principle needs to be applied to the debt/deficit spending.

The real problem
.
.
.
.

And then there are always those Unfunded Liabilities, mostly SSA and Medicare, which every administration has kicked down the road.
Current estimate is $80T.

https://www.cato.org/blog/medicare-social-security-are-responsible-95-percent-us-unfunded-obligations#:~:text=Over%20the%20next%2075%20years,programs%3A%20Medicare%20and%20Social%20Security.

[VITE1]

I've read, years ago, that they debased their hard currency the following way: When people went to a public gathering, there would be a gov't employee of some sort at a gate, who would clip a bit of everyone's coin off. Those bits of gold went to the emperor.

It was inflationary, because the public's coins would no longer buy what they used to buy; I assume a customer's coins were weighed by merchants who needed to know, and the amount of goods sold were adjusted accordingly. The government was stealing from the people. Hmm . . . ? That has a familiar ring to it. :eek:

This was the reason we have vertical serrations on coins, so if someone files a bit off it would be noticeable. Of course that only mattered when our coins were still silver and gold.

Their silver coins, over time, went from being 99% to less than 10%.

This was the coin used in their global economy and it did damage to all civilizations that used it .

[The_Dude]

The government debt crisis that we have been warned about for decades is happening right now (https://www.naturalnews.com/2023-11-29-government-debt-crisis-is-happening-right-now.html)

[Onebadcad]

From above article:

So who is going to buy our debt in 2024 and beyond?

That is a very good question.

NO ONE, as the return does not justify the risk.
The only hope left for meeting debt service obligations is nationalism, which is US citizens buying it to save the country.
Problem here is libturds have no money to help, and conservatives will not do as the tax dollars go mostly to those who will never, ever contribute.

We are ****ED, but we knew this around 2000.

[StudleyJames]

DEBT BY STATE:

https://wisevoter.com/state-rankings/debt-by-state/


21 Wisconsin 49 billion

Hey, our idiot govenor Evers says we are currently running a surplus

[Onebadcad]

Hey, our idiot govenor Evers says we are currently running a surplus

99% of pols do not fully understand debt, never address its ramifications, and lie about it to the idiots.

It should be noted that states and counties and cities have ENORMOUS DEBT!!

The leaders in state debt:
CA $587B
NY $406B
TX $390B
IL $156B
FL $140B

Here is a graph of highest debt states per capita, it is obvious that blue states have the worst finances:

https://www.statista.com/statistics/312681/per-capita-us-state-and-local-government-debt-outstanding-by-state/

Here is an article for cities with the most debt, again, another trend:

https://financebuzz.com/us-city-governments-in-debt#:~:text=1.,New%20York%20City&text=New%20York%20City%20was%20first,according%20to%20Truth%20in%20Accounting.

[Onebadcad]

Hey, our idiot govenor Evers says we are currently running a surplus

Any polk can manipulate financial statements, in the same way a good CPA can show your business losing money, or making money, at your request.
Common tools are rate of depreciation, timing of payments, time recognition of debts, revenue anticipation acceleration, and many others.

While it may be boastful to state the most recent fiscal year was completed without a deficit, the bigger issue is the total current liabilites that are not paid.

InWI the current debt is $52B, which per capita is $8,700.
Keep in mind that this debt DOES NOT include:

1) County Debt
2) City Debt
3) Special Tax District Debt
4) School Districts Debt

One you start peeling the onion, you are going to cry,,,

[StudleyJames]

Any polk can manipulate financial statements, in the same way a good CPA can show your business losing money, or making money, at your request.
Common tools are rate of depreciation, timing of payments, time recognition of debts, revenue anticipation acceleration, and many others.

While it may be boastful to state the most recent fiscal year was completed without a deficit, the bigger issue is the total current liabilites that are not paid.

InWI the current debt is $52B, which per capita is $8,700.
Keep in mind that this debt DOES NOT include:

1) County Debt
2) City Debt
3) Special Tax District Debt
4) School Districts Debt

One you start peeling the onion, you are going to cry,,,
:iagree: but that is not stopping Evers and the WI legislators who are fighting each other over how to spend the so called "surplus"

[Frankie the Fink]

And the liberals gush over the GDP, the dolts are too dumb to realize the real significant numbers are the GDP-to-debt ratio. We are barely off the highest number since WW-II when, unlike now, we had an industrial base to bail ourselves out. We are well and truly cornholed for the long term..

[Dan47]

And the liberals gush over the GDP, the dolts are too dumb to realize the real significant numbers are the GDP-to-debt ratio. We are barely off the highest number since WW-II when, unlike now, we had an industrial base to bail ourselves out. We are well and truly cornholed for the long term..

And GDP includes government spending, plus spending more because of inflation also increases gdp. It's not a particularly good means of measuring real growth.

[VITE1]

99% of pols do not fully understand debt, never address its ramifications, and lie about it to the idiots.

It should be noted that states and counties and cities have ENORMOUS DEBT!!

The leaders in state debt:
CA $587B
NY $406B
TX $390B
IL $156B
FL $140B

Here is a graph of highest debt states per capita, it is obvious that blue states have the worst finances:

https://www.statista.com/statistics/312681/per-capita-us-state-and-local-government-debt-outstanding-by-state/

Here is an article for cities with the most debt, again, another trend:

https://financebuzz.com/us-city-governments-in-debt#:~:text=1.,New%20York%20City&text=New%20York%20City%20was%20first,according%20to%20Truth%20in%20Accounting.

Florida has been paying down its debt over the past 5 years and has one of the lowest per capita rates in America. Add in the increase in revenue on top of spending reductions and we are looking good.

https://www.statista.com/statistics/312681/per-capita-us-state-and-local-government-debt-outstanding-by-state/

[69camfrk]

Every failed nation has done that.

And we are on the short list. IE:Weimar Republic among others.....It will lead to nothing good.

[VITE1]

Every failed nation has done that.

Rome debased their currency so much it led to their downfall. No one pays attention to history until it bites them in the ass.

[Dan47]

We could still be many years, even decades away from the dollar losing its reserve status…. Or tomorrow could bring it with a big enough crisis.

I just pray I get one Social Security entitlement payment and get to bill it directly to Badger’s checking account, before the end.

Just one, dear Lord. :yesnod:

[MadInNc]

.

[Louie Detroit]

Who gives a rats ass, let Weasel and his ilk deal with it.

[Mick]

We could still be many years, even decades away from the dollar losing its reserve status…. Or tomorrow could bring it with a big enough crisis.

I just pray I get one Social Security entitlement payment and get to bill it directly to Badger’s checking account, before the end.

Just one, dear Lord. :yesnod:

:iagree:

I'm a boomer, so Badger will be happy to tell you how I've "ruined social security". Yeah, I'm such a bastard I've been paying the tax for literally 45 years, and am still more than 2 years from my first opportunity to collect a nickel.

I should be in prison for what I've done.

[The_Dude]

The world is sitting on a powder keg of debt (https://www.naturalnews.com/2023-12-21-world-sitting-on-powder-keg-of-debt.html)

[Onebadcad]

^^^ from your article

According to projections by the International Monetary Fund (IMF) global government debt will hit $97.1 trillion in 2023. That represents a 40% increase since 2019.

By 2028, the IMF projects that global public debt will exceed 100% of global GDP. The only other time global debt-to-GDP was that high was at the height of the pandemic lockdowns.

Americans like to brag about being number one. Well, when it comes to debt, they’re right.

The US national debt makes up 32.4% of the total global government debt.

According to the IMF, America’s debt-to-GDP ratio stands at 123.3%.



We are headed for an implosion, the biggest issues are:

1) corruption
2) government waste, which is also defined as fraud and waste
3) extension of social services to sway the vote
4) national healthcare programs deficits

You cannot fix any of the above once the socialists are in power, SO none of this will change, or be slowed, we are headed to HELL!!

[Swany00]

**** it, let the next generation deal with it

[Onebadcad]

**** it, let the next generation deal with it

Sounds good to me, BUT I do not think the badger dood will agree.

[Yadkin]

**** it, let the next generation deal with it

Sounds good to me, BUT I do not think the badger dood will agree.

Younger folk tend to vote Democrat, so they get what they deserve. :Jeff '79:

[The_Dude]

Economist predicts 2024 will bring “biggest crash of our lifetime” to U.S. markets (https://www.naturalnews.com/2023-12-25-economist-2024-biggest-crash-lifetime-us-markets.html)

[KenHorse]

Younger folk tend to vote Democrat, so they get what they deserve. :Jeff '79:

Problem is that they drag us ALL down with their stupidiy

[Dan47]

One of the big problems is our currency is loaned into existence, a Ponzi scheme ~. If they paid off our public debt, it would put us in a deflationary depression. QT (quantitive tightening) is removing currency from the system, causing the dollar to spike and causing fear it might start a deflationary death spiral, worldwide and that’s barely moving the needle on the Fed’s balance sheet.

They could have let the boom/bust cycles run their course but stopped allowing the busts to occur back in the nineties with the “Greenspan put” and then QE and ZIRP. That has created this massive potential bust and I’m not exactly sure why they did so? It could be political election cycle stuff or maybe they wanted a massive credit crisis?

[The_Dude]

DEBT SURGE ALERT: $8.9T government debt to mature, $1.4T budget deficit expected in 2024 (https://www.naturalnews.com/2024-02-14-debt-collapse-trillions-government-debt-to-mature.html)

[MikeB]

AOC;
"We should just print the 34 trillion dollars, and pay off our National debt"

https://twitter.com/AOCpressTwo/status/1757789866086019578?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1757789866086019578%7Ctwgr%5Ee938c75c5998d8d75e37a4dab6f6ff7c2432da34%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.snopes.com%2Ffact-check%2Faoc-pay-national-debt%2F


Thank God for her.
:yesnod:


It does say parody :hide:

[dvarapala]

It does say parody :hide:

Hard to tell parody from actuality when it comes to AOC. :D

[65 Hardnocks]

John D Rockefeller used to give out shiny new dimes to people he met on the street.
At one dime per second..... it would have taken Mr. Rockefeller 31,709.79 years to hand out just "1" trillion dimes.
Our current debt is HOW MUCH?!
🙄

[Dan47]

Meh. Dimes had to be mined & manufactured into existence. The vast majority of modern dollars are simply electronic vapor, there is nothing “real” to pay back.

[Tikiman]

National debt is roughly 124% of our GDP. That should alarm everybody.

[Onebadcad]

As I have said, we do not try for surpluses, we do not try to reduce national debt, we do not try to limit spending.
Our only concern, and a very low one, is that we can meet debt payments.
There will come a day, SOON, when we are unable to do this.
Japan has dealt with austerity for over 30 years, we will soon have to face this.
When this occurs in THE USA, look for states to secede, as the one-party socialists in dc have caused this, the states that can prosper on their own require no national government.

Top 10 Countries with the Highest Debt-to-GDP Ratios (%)
Japan 264%
Venezuela 241%
Sudan 186%
Greece 173%
Singapore 168%
Eritrea 164%
Lebanon 151%
Italy 142%
United States 129%
Cape Verde 127%

[Yadkin]

AOC;
"We should just print the 34 trillion dollars, and pay off our National debt"

https://twitter.com/AOCpressTwo/status/1757789866086019578?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1757789866086019578%7Ctwgr%5Ee938c75c5998d8d75e37a4dab6f6ff7c2432da34%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.snopes.com%2Ffact-check%2Faoc-pay-national-debt%2F


Thank God for her.
:yesnod:


It does say parody :hide:

The economic "genius" Robert Reich stated essentially that: 'mint trillion dollar coins'. :Jeff '79:

[Yadkin]

As I have said, we do not try for surpluses, we do not try to reduce national debt, we do not try to limit spending.
Our only concern, and a very low one, is that we can meet debt payments.
There will come a day, SOON, when we are unable to do this.
Japan has dealt with austerity for over 30 years, we will soon have to face this.
When this occurs in THE USA, look for states to secede, as the one-party socialists in dc have caused this, the states that can prosper on their own required no national government.

Top 10 Countries with the Highest Debt-to-GDP Ratios (%)
Japan 264%
Venezuela 241%
Sudan 186%
Greece 173%
Singapore 168%
Eritrea 164%
Lebanon 151%
Italy 142%
United States 129%
Cape Verde 127%

What will Floriduh do when they can no longer import driveway rocks? :Jeff '79:

[Onebadcad]

What will Floriduh do when they can no longer import driveway rocks? :Jeff '79:

FL has TWICE the gdp of your lowly state, and probably 50X the wealth.
You need not EVER worry about FLORIDA, as we do ALL THINGS the best!!

As said, you should be more worried about your purple state turning into a blue cesspool!!

[65 Hardnocks]

FL has TWICE the gdp of your lowly state, and probably 50X the wealth.
You need not EVER worry about FLORIDA, as we do ALL THINGS the best!!

As said, you should be more worried about your purple state turning into a blue cesspool!!

May just interject one thing?
Let's ALL move to Florida!!
Soon, we'll be living shoulder to shoulder down there.
How fun will that be??
The marinas, beaches, golf courses, restaurants etc etc etc will be FILLED.
Housing will be like a sardine can anywhere in the state.
Yes, let's ALL move to Florida!
Great weather! Minus the occasional hurricane.

You Floridians need stop advertising. 😄

All of us REAL "born and raised here" Americans will move to Florida and leave the entire REST of the USA to the illegals.
Does that sound good?????

[Onebadcad]

May just interject one thing?
Let's ALL move to Florida!!
Soon, we'll be living shoulder to shoulder down there.
How fun will that be??
The marinas, beaches, golf courses, restaurants etc etc etc will be FILLED.
Housing will be like a sardine can anywhere in the state.
Yes, let's ALL move to Florida!
Great weather! Minus the occasional hurricane.

You Floridians need stop advertising. 😄

All of us REAL "born and raised here" Americans will move to Florida and leave the entire REST of the USA to the illegals.
Does that sound good?????

Er, NO!!

[Cool 50th AE]

All of us REAL "born and raised here" Americans will move to Florida and leave the entire REST of the USA to the illegals.
Does that sound good?????


I’m moving to south America.
At this rate it will be evacuated and ready to make South America Great Again!
But with white people.

[The_Dude]

I’m moving to south America.
At this rate it will be evacuated and ready to make South America Great Again!
But with white people.

Butch and Sundance tried that.

[Kevin68]

FL has TWICE the gdp of your lowly state, and probably 50X the wealth.
You need not EVER worry about FLORIDA, as we do ALL THINGS the best!!

As said, you should be more worried about your purple state turning into a blue cesspool!!

If Texas was a country, it would be the worlds eighth largest economy, bigger than Canada, Russia, etc.

....and we ran a $30B surplus last year. About $2K of which was returned to me in the form of lowered property tax.

Who's state returned a portion of their tax surplus? :kimblair:

[Onebadcad]

Not comparing texas to FL.
I can do my homework, and then start posting.
For now I can only state what I know, Abbott is a good dood, but y'all are screwed with the crossers.

[Dan47]

The problem with modern money isn’t the amount of debt accumulated, it’s government power accumulated. We’re not on a sound monetary system, like the gold standard, we’re on a debt based, slave system. That mountain of debt is vapor, they can create as many dollars as needed to pay back creditors, whenever they like. It’s not money.

The time to be upset, was when FDR confiscated everyone’s money (gold), and instituted the “income tax”. We happen to be on the back nine and have an opportunity to escape the plantation. Besides all the slaves that don’t know how to survive outside the system, this would be an opportunity for real Liberty and celebration. :)

[Yadkin]

FL has TWICE the gdp of your lowly state, and probably 50X the wealth.
You need not EVER worry about FLORIDA, as we do ALL THINGS the best!!

As said, you should be more worried about your purple state turning into a blue cesspool!!

Meh. The rich folk with summer homes here (many from Floriduh), we don't allow them to vote. As a result, we're deep red.

My county, circled. :yesnod:

[Dan47]

FTR, gdp includes government spending, like “Space Force” and may not be inflation adjusted, so when toilet paper prices double and the government buys a bunch, it can appear the economy has improved.

[The_Dude]

U.S. government to pay an additional $1.1 TRILLION in interest for country’s debt over the next 10 years after Treasury yields jump (https://www.naturalnews.com/2024-02-23-us-to-pay-additional-trillion-in-interest.html)

[ZipZap]

The advantage of being old and childless continues to pay off!

[Yadkin]

Nice work Joe! :spdchk:

[Vet4jdc]

But Gavin will fix it........................

[Frankie the Fink]

Florida has a massive budget surplus... $21 billion in 2022 according to Bloomberg.

[65 Hardnocks]

To give away (on a street corner) the U.S. debt at $1 per second, it will take 1,300,101.39 years.

[The_Dude]

The looming debt crisis: Is America following the path of collapsed empires? (https://www.naturalnews.com/2024-12-04-looming-debt-crisis-america-path-collapsed-empires.html)

[Frankie the Fink]

May just interject one thing?
Let's ALL move to Florida!!
Soon, we'll be living shoulder to shoulder down there.
How fun will that be??
The marinas, beaches, golf courses, restaurants etc etc etc will be FILLED.
Housing will be like a sardine can anywhere in the state.
Yes, let's ALL move to Florida!
Great weather! Minus the occasional hurricane.

You Floridians need stop advertising. 😄

All of us REAL "born and raised here" Americans will move to Florida and leave the entire REST of the USA to the illegals.
Does that sound good?????
You are sadly, too late, my small central FL town of orange groves is now a metropolitan sprawl with unbridled growth and legions of assholes in a hurry to run you over or steal stuff from your car....

Wife and I are contemplating a move in 2025 elsewhere.

[Frankie the Fink]

The problem with modern money isn’t the amount of debt accumulated, it’s government power accumulated. We’re not on a sound monetary system, like the gold standard, we’re on a debt based, slave system. That mountain of debt is vapor, they can create as many dollars as needed to pay back creditors, whenever they like. It’s not money.

The time to be upset, was when FDR confiscated everyone’s money (gold), and instituted the “income tax”. We happen to be on the back nine and have an opportunity to escape the plantation. Besides all the slaves that don’t know how to survive outside the system, this would be an opportunity for real Liberty and celebration. :)

Wait until they force crypto down our throats, software constructs in cyberspace with no intrinsic value, there is a reason Warren Buffet called it "rat poison"

[vettemed]

You are sadly, too late, my small central FL town of orange groves is now a metropolitan sprawl with unbridled growth and legions of assholes in a hurry to run you over or steal stuff from your car....

Wife and I are contemplating a move in 2025 elsewhere.

Where do you think you might go?

[dvarapala]

Wait until they force crypto down our throats

* CBDCs

Governments will never try to shove existing cryptocurrencies down our throats because Governments cannot control them. Instead, they are working feverishly to develop Central Bank Digital Currencies which they do control and which will allow them to track each and every transaction everywhere, including "black market" cash transactions that are currently difficult or impossible to trace.

Once CBDCs are established and cash is eliminated, you'll yearn for the days when we had truly free (as in freedom) cryptocurrencies like Bitcoin. :yesnod:

[Dan47]

Wait until they force crypto down our throats, software constructs in cyberspace with no intrinsic value, there is a reason Warren Buffet called it "rat poison"

That's exactly what I think we are being set up for. Fed chair Powell even mentioned Bitcoin today:

"Fed Chair Powell: Bitcoin Is 'Like Gold, It's Just Virtual And Digital"
https://www.msn.com/en-us/money/markets/fed-chair-powell-bitcoin-is-like-gold-it-s-just-virtual-and-digital/ar-AA1vhzwW?ocid=msedgdhp&pc=U531&cvid=93e34306cfb54cb1a739e1952a1a8263&ei=86

And then there's this:

"Fed Officials Are Starting to Explain How Fedcoin Might Work"

https://www.wsj.com/articles/fed-officials-are-starting-to-explain-how-fedcoin-might-work-11624641404?msockid=1cd4ca974e4d63291532d8e84f336251

All they need is the right crisis which I think they are in the process of manufacturing via a debt crisis.

[Dan47]

* CBDCs

Governments will never try to shove existing cryptocurrencies down our throats because Governments cannot control them. Instead, they are working feverishly to develop Central Bank Digital Currencies which they do control and which will allow them to track each and every transaction everywhere, including "black market" cash transactions that are currently difficult or impossible to trace.

Once CBDCs are established and cash is eliminated, you'll yearn for the days when we had truly free (as in freedom) cryptocurrencies like Bitcoin. :yesnod:

:iagree:

I think current free market cryptos are more about suppressing the price of gold and getting people comfortable with the "digital coin" idea.

[Frankie the Fink]

* CBDCs

Governments will never try to shove existing cryptocurrencies down our throats because Governments cannot control them. Instead, they are working feverishly to develop Central Bank Digital Currencies which they do control and which will allow them to track each and every transaction everywhere, including "black market" cash transactions that are currently difficult or impossible to trace.

Once CBDCs are established and cash is eliminated, you'll yearn for the days when we had truly free (as in freedom) cryptocurrencies like Bitcoin. :yesnod:

As usual - a gov't acronym for a crypto spin-off....my observation remains...
A digital construct to replace 'flat money' and with tightened controls..

[The_Dude]

Unsustainable: Yellen resigns, leaving behind over $36 TRILLION in debt — the highest in U.S. history (https://www.naturalnews.com/2024-12-13-yellen-leaves-36-trillion-debt-highest-us-history.html)

[The_Dude]

Shocking fiscal irresponsibility: Biden administration presides over worst deficit in U.S. history (https://www.naturalnews.com/2024-12-12-biden-administration-presides-over-worst-deficit-us-history.html)

[The_Dude]

Financial expert warns America’s financial system is on the brink of collapse – and the best way to stay protected is with gold and silver (https://www.naturalnews.com/2024-12-22-america-financial-system-collapse-gold-silver-protection.html)

[Raazor]

Unsustainable: Yellen resigns, leaving behind over $36 TRILLION in debt — the highest in U.S. history (https://www.naturalnews.com/2024-12-13-yellen-leaves-36-trillion-debt-highest-us-history.html)

Every second that goes by is the new record.

Why did Powell start lowering interest rates in Sep even though we never hit the 2% inflation target? Two reasons he would never mention out loud, but everyone knows:

1). Inflation is the only way to stay ahead of the Grim Reaper of financial collapse. It increases GDP, Taxes, and makes the debt smaller. A $200,000 mortgage seemed like a big deal 15 years ago, but not anymore.

2). They need to lower the interest Uncle Sam pays on its debt.

The latter isn't working. Treasuries have actually risen and could hit 5%.

It will be interesting to watch... along with SS.

:waiting:

[The_Dude]

If California can do it, why can't the feds?

After 2 years of shortfalls, California governor proposes $322B budget with no deficit (https://www.fox21news.com/news/national/ap-california-governor-proposes-322b-budget-with-no-deficit/)

[Onebadcad]

If California can do it, why can't the feds?

After 2 years of shortfalls, California governor proposes $322B budget with no deficit (https://www.fox21news.com/news/national/ap-california-governor-proposes-322b-budget-with-no-deficit/)

newsum is a dumb****, and easily the 2nd most corrupt pol in our history behind the fjb crime syndicate.

newsum deficit for past two years is nearly $90B
for both years it was misstated lower, error was never explained
the deficit reported DOES NOT include pension deficiencies
cal budget is 250% larger than FL, ca has 2X FL residents

HSR is the biggest scam in history, newsum and the other frauds have pocketed $$$$$$$$$$$$$$$$BILLIONS$$$$$$$$$$$$$$$$$$$:

https://transportation.house.gov/news/documentsingle.aspx?DocumentID=407517#:~:text=While%20California%20High%2DSpeed%20Rail,no%20expected%20date%20of%20completion.

While California High-Speed Rail was intended to cost California taxpayers a total of $33 billion and be completed four years ago, not a single segment of the system has been completed to date. Meanwhile, the total estimated cost has ballooned to $128 billion (and counting), and there is no expected date of completion.

[The_Dude]

Trump faces economic crisis: Inflation, debt and a faltering job market threaten America’s future (https://www.naturalnews.com/2025-01-12-trump-economic-crisis-inflation-debt-job-market.html)
Federal debt as a percentage of GDP is at historic highs, crowding out private investment. Regulatory burdens under the Biden administration have stifled economic growth, making deregulation a key priority for the Trump administration to stimulate productivity and innovation.

[Onebadcad]

The 10-year treasury is at 4.800, the highest in the last 52 weeks, and has been surging higher the past 30 days, was 4.150% in early DEC 2024.

At this rate, which dictates much of the mortgage market and bank loans, it will be VERY tough to better the economy.

The continued trend of eliminating first time homebuyers, non-actions by those considering upgrading their current home, and business strategies that require capital, are death nails for TRUMP.

I hope his smart people in the administration can prove how smart they are,,,