Will they raise the debt ceiling or blame it on Trump?? | |
Nefarious Libertine (OP) User ID: 73541692 United States 03/16/2017 09:25 PM Report Abusive Post Report Copyright Violation | Remember Trump isn't liked much (to say the least) by either party.He could be their perfect scapegoat. People tend to blame the head honcho instead of congress. If they were to work together to come to an impasse on raising the debt limit by say blaming it on Trumps budget proposal. Which was quoted as being dead on arrival. It could be bad. We do not learn from history because our studies are brief and prejudiced. In a surprising manner, 250 years emerges as the average length of national greatness. This average has not varied for 3,000years. The stages of the rise and fall of great nations seem to be: The Age of Pioneers , The Age of Conquests ,The Age of Commerce ,The Age of Affluence ,The Age of Intellect ,The Age of Decadence. Decadence is marked by: Defensiveness, Pessimism, Materialism,Frivolity An influx of foreigners The Welfare State A weakening of religion. Decadence is due to: Too long a period of wealth and power, Selfishness Love of money ,The loss of a sense of duty. The life histories of great states are amazingly similar, and are due to internal factors. Their falls are diverse, because they are largely the result of external causes. - Sir John Glubb The Fate of Empires We are at the end of the Age of Decadence heading into COLLAPSE |
fred also User ID: 64064150 Australia 03/16/2017 09:44 PM Report Abusive Post Report Copyright Violation | The debt ceiling was hit yesterday and the treasury has enough money to last until june. So will they raise the limit and drag us deeper into debt or will they drag it out,let the money run out and place the blame on trump even though he has or had nothing to do with it. Quoting: Nefarious Libertine Bad things start to happen when the money runs out and you can't borrow any more. The fed also raised the rate yesterday making borrowing money more expensive. Coincidence they did that on the same day the debt limit was reached. The rate the US borrows money is at super low levels See max time on chart [link to www.tradingeconomics.com] So it'd be prudent to continue to borrow If that money would add value to economy beyond what its borrowed at.... |
wisconsin User ID: 51881487 United States 03/16/2017 10:15 PM Report Abusive Post Report Copyright Violation | . ... I'm surprised how quiet the dems are ... . ... they be waiting to spring the trap later? ... . . Our family celebrates The Lord's Feasts: [link to www.grafted-promise.net] Fools and the dead don't change their minds. Fools won't and the dead can't. When you tear out a man's tongue, you are not proving him a liar. You are only telling the world that you fear what he might say. Quoting: CountryWise Amos 5:13 - Therefore at such a time the prudent person keeps silent, for it is an evil time. |
Tree of Life User ID: 2293518 United States 03/16/2017 10:53 PM Report Abusive Post Report Copyright Violation | The debt ceiling was hit yesterday and the treasury has enough money to last until june. So will they raise the limit and drag us deeper into debt or will they drag it out,let the money run out and place the blame on trump even though he has or had nothing to do with it. Quoting: Nefarious Libertine Bad things start to happen when the money runs out and you can't borrow any more. The fed also raised the rate yesterday making borrowing money more expensive. Coincidence they did that on the same day the debt limit was reached. The rate the US borrows money is at super low levels See max time on chart [link to www.tradingeconomics.com] So it'd be prudent to continue to borrow If that money would add value to economy beyond what its borrowed at.... Prudent?! No! There comes a time when the existing debt must be properly serviced, and adjusted downward as indicated by a nation's income. Families have to live by a budget... as should a govt. of the people. The government has overflown it's banks, and needs to recede. "All you may know of heaven or hell is within your own self." - Edgar Cayce |
Anonymous Coward User ID: 73614389 France 03/16/2017 10:56 PM Report Abusive Post Report Copyright Violation | |
fred also User ID: 63278097 Australia 03/19/2017 06:53 PM Report Abusive Post Report Copyright Violation | |
Nefarious Libertine (OP) User ID: 73541692 United States 03/22/2017 07:47 PM Report Abusive Post Report Copyright Violation | The debt ceiling was hit yesterday and the treasury has enough money to last until june. So will they raise the limit and drag us deeper into debt or will they drag it out,let the money run out and place the blame on trump even though he has or had nothing to do with it. Quoting: Nefarious Libertine Bad things start to happen when the money runs out and you can't borrow any more. The fed also raised the rate yesterday making borrowing money more expensive. Coincidence they did that on the same day the debt limit was reached. The rate the US borrows money is at super low levels See max time on chart [link to www.tradingeconomics.com] So it'd be prudent to continue to borrow If that money would add value to economy beyond what its borrowed at.... If we use $18 trillion as the approximate GDP and a growth rate of, say, 3.5%, the total of goods and services would increase one year to the next by about $600 billion. Meanwhile, referencing the Grandfather national debt chart with the USDebtClock data, the annual interest bill is $3 trillion. So we pay 5 times the GDP growth in interest payments on that borrowed money? We do not learn from history because our studies are brief and prejudiced. In a surprising manner, 250 years emerges as the average length of national greatness. This average has not varied for 3,000years. The stages of the rise and fall of great nations seem to be: The Age of Pioneers , The Age of Conquests ,The Age of Commerce ,The Age of Affluence ,The Age of Intellect ,The Age of Decadence. Decadence is marked by: Defensiveness, Pessimism, Materialism,Frivolity An influx of foreigners The Welfare State A weakening of religion. Decadence is due to: Too long a period of wealth and power, Selfishness Love of money ,The loss of a sense of duty. The life histories of great states are amazingly similar, and are due to internal factors. Their falls are diverse, because they are largely the result of external causes. - Sir John Glubb The Fate of Empires We are at the end of the Age of Decadence heading into COLLAPSE |