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The Debt Soars to 20 trillion Before Obama Leaves

serfserf Member Posts: 9,217 ✭✭✭✭
edited July 2016 in Politics
The country is basically broke and the interest rate will not increase this year or next because Brexit so they say but we really know it's the only way The World's central banks can float their ponzi scheme longer.

serf

http://www.washingtonexaminer.com/national-debt-jumps-nearly-100-billion-in-one-day-to-record-high/article/2595507

Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion.

The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office
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    mogley98mogley98 Member Posts: 18,297 ✭✭✭✭
    edited November -1
    I would guess when the presses stop interest rates would soar?
    Why don't we go to school and work on the weekends and take the week off!
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    shilowarshilowar Member Posts: 38,815 ✭✭✭
    edited November -1
    It is meaningless, we aren't paying it back anyways!![:D]
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    droptopdroptop Member Posts: 8,367 ✭✭
    edited November -1
    No one would listen: A MILLION BILLION here, A MILLION BILLION there, pretty soon it adds up to a lot of money. Much was spent on B.S. with nothing to show.

    Not a total loss, we can print more.
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    serfserf Member Posts: 9,217 ✭✭✭✭
    edited November -1
    quote:Originally posted by shilowar
    It is meaningless, we aren't paying it back anyways!![:D]


    Yet anything saved in dollars will be practically wiped out! So some/most people will be fleeced once again!

    serf
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    jltrentjltrent Member Posts: 9,206 ✭✭✭✭
    edited November -1
    Most of the debt is held by a few. The country can file bankruptcy, reorganize and restart out better than ever with a clean slate. When I worked in the banking business someone fresh out of bankruptcy with ability to pay was a good loan. They couldn't file again for seven years and current debts were gone or at least that is what our CEO pushed.
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    grumpygygrumpygy Member Posts: 53,466 ✭
    edited November -1
    quote:Originally posted by jltrent
    Most of the debt is held by a few. The country can file bankruptcy, reorganize and restart out better than ever with a clean slate. When I worked in the banking business someone fresh out of bankruptcy with ability to pay was a good loan. They couldn't file again for seven years and current debts were gone or at least that is what our CEO pushed.


    Isn't most of it held by China. Win Win.
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    spasmcreekspasmcreek Member Posts: 37,724 ✭✭✭
    edited November -1
    bankruptcy is in most cases a REWARD for poor management or planned screwing of suppliers....almost no filings should be allowed
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    JunkballerJunkballer Member Posts: 9,176 ✭✭✭✭
    edited November -1
    Just wait and see what China does when they find out there's no Gold at Ft. Knox and we can't repay their loans [:0].....they were so eager and happy to go capitalist reaching for the mighty US dollar, kinda like watching someone lose their shirt at a rigged carnival game and then discovering it was crooked.........bloods going to flow [;)]

    "Never do wrong to make a friend----or to keep one".....Robert E. Lee

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    spasmcreekspasmcreek Member Posts: 37,724 ✭✭✭
    edited November -1
    we could send em some poison s--t like they sold us
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    mjrfd99mjrfd99 Member Posts: 4,556 ✭✭✭
    edited November -1
    Ever seen a city run by a nagger demonrat NOT go down the s***chute?
    They f up EVERYTHING
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    tallcharlietallcharlie Member Posts: 673 ✭✭✭✭
    edited November -1
    This mjrfd99 needs permanent banning.
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