UPDATE: Donald Trump Takes Office as the 47th US President

[darth frosty]

The United States is Insolvent, Not Bankrupt...Yet - This is something I have been shouting from the rooftops the last four years as the government printed $7T in free money. At some point, no one will lend the U.S. money, and the music stops. It's why interest rates are so high: American debt becomes riskier by the day. This article is the best explanation I have seen to date:

America is insolvent. We avoid default and bankruptcy because investors still lend to us. In short, we are living on a credit card. As long as that card swipes, the music plays. If it ever declines, the party will end, and with it, the fiscal stability of the world’s largest economy.

Last year, the government had total obligations of $15 trillion. About $7 trillion went to fund government operations (everything from the military to social programs), and $8 trillion was required to pay maturing debts. The bad news is that revenue was only $5 trillion.

The result is a staggering $10 trillion shortfall. $2 trillion to cover the operating deficit and $8 trillion to repay maturing debt. We filled the gap by borrowing $10 trillion in additional debt last year. That’s insolvency, plain and simple. And it’s unsustainable.

This isn’t a partisan talking point or ideological position; it is the facts. Our government operates a legal Ponzi scheme in which new borrowing pays off old debt. What happens when investors lose confidence and stop lending? The party is over.

From a year ago

 

[easy_b]

From a year ago

As I keep telling y’all white people see the writing on the wall they are going to fuck up the country before they go out the door

 

[Non-StopJFK2TAB]

The powers that be should have kept Trump away from the White House

The powers that be want the insolvency. They want higher interest rates. I think at the end of it, we are going to look at Paul Volcker as a timid pussy.

 

[Politic Negro]

 

[DC_Dude]

 

[havelcok]

 

[Politic Negro]

The United States is Insolvent, Not Bankrupt...Yet - This is something I have been shouting from the rooftops the last four years as the government printed $7T in free money. At some point, no one will lend the U.S. money, and the music stops. It's why interest rates are so high: American debt becomes riskier by the day. This article is the best explanation I have seen to date:

America is insolvent. We avoid default and bankruptcy because investors still lend to us. In short, we are living on a credit card. As long as that card swipes, the music plays. If it ever declines, the party will end, and with it, the fiscal stability of the world’s largest economy.

Last year, the government had total obligations of $15 trillion. About $7 trillion went to fund government operations (everything from the military to social programs), and $8 trillion was required to pay maturing debts. The bad news is that revenue was only $5 trillion.

The result is a staggering $10 trillion shortfall. $2 trillion to cover the operating deficit and $8 trillion to repay maturing debt. We filled the gap by borrowing $10 trillion in additional debt last year. That’s insolvency, plain and simple. And it’s unsustainable.

This isn’t a partisan talking point or ideological position; it is the facts. Our government operates a legal Ponzi scheme in which new borrowing pays off old debt. What happens when investors lose confidence and stop lending? The party is over.

That is why you need revenue from taxing the wealthy(the biggest leeches of society)

 

[easy_b]

They are going to have a field day with the Trump administration in the courts

 

[Politic Negro]

Mass indoctrination

 

[praetor]

 

[Non-StopJFK2TAB]

And how is the stock? I pray every day the money invested in that company isn't from pension funds for black workers.

 

[woodchuck]

 

[Flawless]

His podcast streams are down, got to try to get new listeners some how.

 

[Deezz]

Jeezus Christ!

 

[woodchuck]

 

[geechiedan]

The United States is Insolvent, Not Bankrupt...Yet - This is something I have been shouting from the rooftops the last four years as the government printed $7T in free money. At some point, no one will lend the U.S. money, and the music stops. It's why interest rates are so high: American debt becomes riskier by the day. This article is the best explanation I have seen to date:

America is insolvent. We avoid default and bankruptcy because investors still lend to us. In short, we are living on a credit card. As long as that card swipes, the music plays. If it ever declines, the party will end, and with it, the fiscal stability of the world’s largest economy.

Last year, the government had total obligations of $15 trillion. About $7 trillion went to fund government operations (everything from the military to social programs), and $8 trillion was required to pay maturing debts. The bad news is that revenue was only $5 trillion.

The result is a staggering $10 trillion shortfall. $2 trillion to cover the operating deficit and $8 trillion to repay maturing debt. We filled the gap by borrowing $10 trillion in additional debt last year. That’s insolvency, plain and simple. And it’s unsustainable.

This isn’t a partisan talking point or ideological position; it is the facts. Our government operates a legal Ponzi scheme in which new borrowing pays off old debt. What happens when investors lose confidence and stop lending? The party is over.

The powers that be should have kept Trump away from the White House

As I keep telling y’all white people see the right on the wall they are going to fuck up the country before they go out the door

That is why you need revenue from taxing the wealthy(the biggest leeches of society)

whether the country is insolvent or bankrupt financially doesnt matter...its all monopoly money to them. they just move decimals around whether its on wallstreet or in the treasury... then they put out stories in the media to get the plebes...US...jumping from one foot to the next worrying about how it all gonna come crashing down any day now. Its rich man games.

I'm not kidding... if they were serious and the danger real they would be moving in different ways...all theyre doing is the same shit they always done. tax cuts and service cuts...now coupled with govt dept shut downs.

its all a game.

 

[DC_Dude]

 

[DC_Dude]

 

[peter.parker1]

Damn ! the hate is strong what Harvard did to deserve this treatment ?

 

[kidmegaii]

Damn ! the hate is strong what Harvard did to deserve this treatment ?

Rejected his son and let ine of Obamas kids.

 

[darth frosty]

Damn ! the hate is strong what Harvard did to deserve this treatment ?

Rejected his son and let ine of Obamas kids.

 

[DC_Dude]

 

[darth frosty]

 

[Pack Rat]

 

[woodchuck]

Damn ! the hate is strong what Harvard did to deserve this treatment ?

His stupid ass son couldn't get in, and Obama's kid got accepted.

 

[Deezz]

His stupid ass son couldn't get in, and Obama's kid got accepted.

Exactly! There's always some element of "get back" with chump.

Just an insecure cunt of a human!

 

[DC_Dude]

 

[Supersav]

Not if you own tsla stock

Mmhmm

 

[woodchuck]

 

[DC_Dude]

 

[woodchuck]

Exactly! There's always some element of "get back" with chump.

Just an insecure cunt of a human!

And Barron's going to be the same.

 

[woodchuck]

 

[DC_Dude]

 

[bgbtylvr]

He’s always been Pretty Bird.

 

[BlackGoku]

This is the guy that called snoop to come to the crypto ball