In 2001, Congress predicted that by 2011, we would have a 5.6 TRILLION DOLLAR SURPLUS, and ZERO national debt.
nytimes.com
5.6 TRILLION SURPLUS
Julian Jenkins
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Carson Cook
That girl got BLACKED btw
Gabriel Murphy
link pls
asking for a friend
Zachary Parker
The CBO is perpetually overly optimistic, and fails to understand the ponzi nature of our currency. Unless the private sector picks up the slack on debt creation, Uncle Sam is going to spend like a drunken sailor. If not, the USD collapses and bad shit happens.
Adam Richardson
They didn't envision that a muslim nigger would become a president in 2008. Niggers are a natural predator to fiscal responsibility, abundance and prosperity
Asher Adams
If you do then we will find you and really make fun of you, calm down.
Christian Baker
So are modern bankers. The US debt doubles, on average, every 8 years, and it is endemic to how our currency works. As much as I hate Obama, it would have been the same under McCain or Romney.
Christian Thomas
Obama added more debt than all us presidents combined before him.
>The US debt doubles, on average, every 8 years
There wouldn't be enough money in the world to pay it off if that was the case, please rethink this statemnent
Ryan Rogers
And then 9/11 and subsequently Iraq happened.
Carter Jackson
>when user completely misses the point of being anonymous
Jackson Robinson
The UN also predicted that they would eradicate Gender inequality and Illiteracy in the third world in 10 years, despite being the most ineffectual force on the Geo-Political stage
Jayden Lewis
You really don't understand our currency. It is not backed by anything tangible. It is why the fed was able to create something like $4.5 TRILLION with quantitive easing - it was a few strokes of the keyboard that did it. *POOF!* New dollars that didn't exist before and now the banks get to dump their shit paper into the Fed.
Bush II nearly spent more than all other presidents before him. Under Reagan, the debt when he left office was ~2.8 times what it was when he took office, and he spent more than all other presidents before him.
Brayden Wood
dat gap mmmmmmmmmmmmmmm
Jackson Cox
She's a Spic so I don't think anyone here is going to lose any sleep over that, Neville.
Hunter Perry
who cares, non white
Parker Richardson
who is this semen demon?
Landon Myers
I don't youre right about that. How high can we go and who will collect the debt when we reach our ceiling, what happens with our way of life then, what do we do to keep the lights on in case of a default..? Yea, i have no fucking clue how this overly complicated shit works and something tells me they made it this complicated on purpose
Adam Diaz
My first Red pill. Money as Debt. NOTHING backs the USD other than 5000 warheads.
Dylan Jones
Why would I upset that someone who sells their vagina for money would take money from a kike to fuck a nigger and take his AIDS bomb to the face?
Anthony Edwards
see
Adam Garcia
It would have been the same under McCain or Romney because they're all the same with some cosmetic flavor-of-the-month differences. Even Trump is hardly that different.
Tbh this is right. At the end of the day, might makes right and the only thing holding our voodoo financial system together is the fact that we have a bigger military than the rest of the world combined.
William Sanders
Bush ruined it desu
Asher Foster
fake news
Luke Collins
they all ruined it
even "based bill" added 40% to debt then had a few flat years
Justin Rivera
There's far more debt than there is currency. Currency is created when money is lent, but interest eventually outstrips growth. Start paying the principal off and it destroys some of the currency that was created, and hampers the ability to pay. So more debt is issued to create more currency to service the interest payments. It's a classic pyramid scheme. The little blip right around 2009 in pic related (proxy for total debt in the US, both public and private,) almost brought our entire financial system down for good. Now it is a zombie.
If Trump makes it 8 years, and if our financial system doesn't doesn't drastically change how it works, the US public debt will probably be between $35 trillion and $45 trillion at the end of his second term.
Seriously, fuck the banks.
Camden Roberts
>us currency is backed by its enslaved citizenry
>not back by anything
Its the debt already beyond the 300 million US population?
Jason Anderson
this.
porn "actress" is just a bullshit name / meme
these women are literal prostitutes owned by (((them))) producing shit for people to be upset because they'll never get with these girls, even tough they are not worth the fucking cum on the floor.
Leo Rodriguez
The greatest amount of debt we owe is to the people, so practically nothing.
China holds the biggest part of our debt at 7%. We owe 67.5% of the debt to the people if that makes sense.
So nothing will happen.
Jace Brown
How old are you to believe Bush line of crap?
>Creature from Jekyll Island
>Nixon Closes Gold Window
Research those and get back to me.
Michael Long
Kek
Carson Stewart
Yes. And this article is SEVEN years old.
theeconomiccollapseblog.com
Hunter Jackson
Explain to me WTF you are talking about.
Ayden Morales
He saying
No, bombing china doesn't do much about the debt considering most of it is held by banks, corporations and old people (all americans... though some are rubbing hands)
Jacob Campbell
Obama was hit with the full might of the housing crisis bubble, and had to give welfare to your bankers like the niggers they are
Xavier Lewis
I want to eat that ass fuck I dont care if half a chocolate nugget is poking out
Bentley Ramirez
My point is his analysis is Bullshit. All the IntraGov Debt is MY Pension, Your and your Grand Pappy's Social Security, as well as every state, county and, city pension and trust fund in our county. It's NOT repayable and there is pain coming when that become reality in the next few years. We'e been borrowing at 1-2%. I've personally held 15% UST Bonds. When it raises to only 5-5%, this house of cards crumbles.
Ethan Williams
Reminder that absolute debt is a meaningless number, and all that matters is government debt as a fraction of GDP
Isaiah Smith
And that number would be what now?
HAHAHA The only source I could quickly find ended in 2013 when we were about to breach 100%
deptofnumbers.com
Josiah Harris
they will pass a law requiring all 401k and iras to hold 50% of it in treasurys. then the shit will bang down to worthless and and the debt will have been paid off through the devaluation in america's wealth.
Brody Peterson
Better source. Now 104%
As I recall, that ALWAYS means death to a country.
Brayden Lopez
...
Levi Hernandez
Nigger loving faggot.
Liam Turner
We've been talking about THE GREAT FOLDING you describe for 10 years. I used ti say it would lead to Civil Unrest. Nowadays, I'm not so sure. Too Liberal, too cucked.
Kevin Martinez
I fucking hate Obama too but you can't blame Bush fucking our economy up on him
Granted he didnt do fuck all to fix it
Evan Lewis
Not immediately- Japan's ratio is over 200% and they haven't exploded. Not that that much debt is healthy.
Anyway, I just wanted to make sure we know that we can't interpret charts like at face value without considering whether they are adjusted for inflation or not, and considered against GDP or not.
Kayden Rivera
Let me finally explain to all you dumb fucking 16 year old ledditors who can't even research something so basic as country debt. DEBT TO GDP IS ALL THAT MATTERS. You may see that we are over 100% debt to gdp at the moment but let me also state that fucking japan is at a MASSIVE 250% and still doing fine. Having 1000000^10000000000 dollars in debt doesn't fucking matter if your debt to gdp is still low.
The debt isn't even close to danger levels and arguing about it only shows how low iq you stupid fucks are. Heres the source on gdp to debt and you can google the rest you lazy niggers tradingeconomics.com
Kayden Turner
1. War in Afghanistan
2. War in Iraq
3. The great recession
Learn your own history sharts
Ryder Wilson
the problems not the economy its government entitlements and massive unfunded pension liabilities. I cant even think of a non gibberment agancey someone got a defined benefit plan from.
Hudson Reyes
>debt doesn't matter bro, just like trust me!
Charles Flores
And would you agree that Japan has been a 20+ deflationary death spiral?
Michael Garcia
>>debt matters bro, just like trust me!
Are you this retarded that you thought "haha how could he possibly comeback from this? It's not like I just contradicted myself in one sentence"
Carter James
>just don't worry about it bro! What could go wrong? So long as like the GDP is cool, it's not like anything could ever make the GDP go down or anything!
Samuel Scott
Yes. That much debt is bad. But it's not bad because it's a big number in absolute terms- it's bad because its twice their GDP.
Yes, thank you, someone who gets it and has a chart with real meaning.
Caleb Ward
Jebus you people. Get out of the meme's and read a book. Here's a Wiki page to get you started.
en.wikipedia.org
(((They))) -seriously, Rubin, Summers, Greenspan- killed Glass-Senegal in 1998 which allowed the banks to once again, speculate with YOUR money.
Gavin Gutierrez
>haha bro happenings
>haha bro usa crash inc
Daniel Brown
It's also why spending less usually doesn't work to end debt.
The trick to debt is that you need to earn more to get rid of it.
Connor Mitchell
Bullshit. I'm a trader and DC Budget Analyst. And your Thank Tank analysis is BULLSHIT. The only reason we didn't implode in 2008 was Kanjorski forced a change to the FASB rules to make Mark to Fantasy a reality and the FED began totally debasing our money system via QE and Twist Ops. China and the Russia are just now closing the Petro Dollar door on us. The next 10 years aint going to be pretty. And this Debt to GDP bullshit will once again, be exposed for the fraud it is.
Justin Morris
sauce?
Connor Hughes
so import welfare recipients to increase the work force as the population ages into social security?
Theyre burning it at both ends it simply wont last in the form its been designed.
Isaiah Gray
I didn't say that you dumb shit. It's all about science-based optimization. Science is the only thing that works decently for guiding decisions.
The problem is that the people in charge are stupid as fuck, as seen by importation of low IQ humans. It's a lot deeper than right vs left though. The truth is that science and technology is going to leave these retards behind in the next 20 years.
Instead of predictive decisions we are going to be dealing with 10,000,000 low IQ mexicans when we have zero need for their labor in 5 years.
Zachary Lewis
>I'm a trader and DC Budget Analyst
top kek and so am I Padro
>Kanjorski forced a change to the FASB rules to make Mark to Fantasy
Part of the reason you faggots in usa even lived your recession
>debasing our money system via QE and Twist Ops
So like every intellegent country does?
>And this Debt to GDP bullshit will once again, be exposed for the fraud it is.
>And this Debt to GDP bullshit will once again
>will once again
>again
?
Caleb Barnes
nice bait
Adam Hill
>dumbshit
tfw im already shitposting from mars. i came early to help build it becuase b/c the super rich are planning to fuck it up so much you all hit the world wide reset on yourselves
Easton Murphy
oh ya Pedro i forgot to reply about your meme dollar statement, heres something you should read since your a "trader and DC Budget Analyst" tsi-blog.com
Ryder Scott
ONE OF U FUCKING NIGGERS GIVE ME HER NAME U GIGANTIC FAGGOTS
Asher Jones
This desu.
Isaiah Moore
Nvm I'm a retard
Ethan Collins
...
Matthew Gray
Alexa Pearl
Can you not do a reverse image search?
Dominic Martin
>The trick to debt is that you need to earn more to get rid of it.
That's what I keep telling college kids but they don't listen.
Colton Davis
>spoonfeeding
shaking my head to be honest you faggot nigger
Nicholas Roberts
Clinton rode the .com boom though. Does not count.
Isaiah Sullivan
bingo, you trade in one currency backing or another
americas is weapons and weapon building know how
Easton Garcia
Did she really? link
Adam Foster
>Clinton rode the .com
naw
Caleb Miller
excellent, succinct answer that explains it all. thank you for that informative poast
Connor Anderson
>Billy C was a good boy who dindu nuffin
I can tell you were on the debate team.
Henry Wood
> I've personally held 15% UST Bonds.
How does one acquire a 15% interest rate US Treasury Bond?
I'll dump every penny I have into one or two, as that beats the Stock Market average by a long shot.
Hudson Thomas
Threatened by a severe liquidity crisis.
Jonathan Cooper
No, a nations financial death comes when they enter "super-debt", when they are unable to borrow enough money + tax revenues to cover their debt servicing + budget expenses.
This causes collapse to happen very quickly.
Kayden Nelson
That's mega-debt not super-debt.
Hunter Jackson
>tsi-blog.com
You're a fucking moron if you're linking some rando's blog article as fact.
We are fighting entire wars over the petro dollar. Why do you think we invaded Iraq and killed Saddam? Toppled Gaddafi? They were threats to the petro dollar.
Luke Foster
>At the end of the day, might makes right and the only thing holding our voodoo financial system together is the fact that we have a bigger military than the rest of the world combined.
Someone who gets it.
During my transition from liberal leaning to conservative leaning, there was a big hub-bub about how much US spends on military and what we COULD be doing with all that money. Initially I agreed, until I realized the truth of the matter.
Most natural laws are scale-able btw. They work more-or-less the same on the Macro level as the Micro level, from what I've seen.
Ayden White
thats before bush ruined the country.
Parker Powell
Well, obviously talk is cheap
Those promises almost never are acted on
Jonathan Ward
...And then the tech bubble burst, wiping out all that delicious Dot Com money before it ever existed. Those predictions were based on the severely flawed notion that an out-of-control bubble would just keep growing without any consequences and never pop.
Julian Powell
Where the hell do you get 15% bonds?
Mason White
lol you really expect him to follow up on his ramblings
Jordan Garcia
She has pancake nips anyway, so there's no loss, plus she's a subhuman immigrant
Jeremiah Brown
Well George W.Bush think different and say that is un-american
Christopher Collins
So did our country, which is why we DON'T have that surplus.