Diotrephes · 70-79, M
@sree251 =
Congress lost control of the nation's finances in 1921 when it passed the Budget and Accounting Act of 1921.
Congress has clearly lost control of the nation’s finances. America is facing a fiscal catastrophe. The reckoning, long deferred, is becoming impossible to ignore.
Congress lost control of the nation's finances in 1921 when it passed the Budget and Accounting Act of 1921.
Diotrephes · 70-79, M
@sree251
Yep, we are really screwed up.
Why hasn't Congress been sacked by the American people yet? Are we screwed up or what?
Yep, we are really screwed up.
sree251 · 41-45, M
@Diotrephes
I don't think I am crazy and neither are you. And yet, we are here watching Donald Trump squandering $ 1 billion a day messing around with Iran. No one is doing a thing to stop him. Even the US servicemen are doing their duty as told to take Kharg Island this Friday.
Yep, we are really screwed up.
I don't think I am crazy and neither are you. And yet, we are here watching Donald Trump squandering $ 1 billion a day messing around with Iran. No one is doing a thing to stop him. Even the US servicemen are doing their duty as told to take Kharg Island this Friday.
LeopoldBloom · M
A sovereign country is not a household.
The debt is being paid off all the time, whenever anyone cashes in a treasury bond.
A significant portion of the debt is just one part of government owing money to another part.
As long as we have inflation, the debt isn't an issue as we will pay it in cheaper future dollars. A prolonged period of deflation will be a problem.
The debt is being paid off all the time, whenever anyone cashes in a treasury bond.
A significant portion of the debt is just one part of government owing money to another part.
As long as we have inflation, the debt isn't an issue as we will pay it in cheaper future dollars. A prolonged period of deflation will be a problem.
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sree251 · 41-45, M
@Roundandroundwego
I am in deep shit, man. I am 100% in US Treasuries. Absolutely liquid. And Trump is rocking my boat.
or stopped buying US treasuries because of jarred for US aggression...
I am in deep shit, man. I am 100% in US Treasuries. Absolutely liquid. And Trump is rocking my boat.
anythingoes477 · 31-35, M
@1490wayb There has been no gold to back U.S. currency since Nixon was in office.
1490wayb · 56-60, M
@anythingoes477 that i understand, still we have FAR more than the rest of the world combined
HoeBag · 51-55, F
I did not understand half of that but I know this -
The US has been talking like it is broke since the birth of Christ yet somehow the govt manages to sh*t more money. 🙄
"Oh but the US is in debt" yeah probably but so what? What happens if payments are late? Is the bill gonna go to some collection agency in India where some guy named Harshit is going to call and say, "You need pay bill, we report to credit bureau!"
Once debts run so deep, like where it is hopeless to ever pay it off, is there a point in worrying about it?
The US has been talking like it is broke since the birth of Christ yet somehow the govt manages to sh*t more money. 🙄
"Oh but the US is in debt" yeah probably but so what? What happens if payments are late? Is the bill gonna go to some collection agency in India where some guy named Harshit is going to call and say, "You need pay bill, we report to credit bureau!"
Once debts run so deep, like where it is hopeless to ever pay it off, is there a point in worrying about it?
sree251 · 41-45, M
@HoeBag
There is no worry if you are willing to hang yourself when the it's time to pay the piper. Americans are committing suicide. No living person is ever afraid of death because it only happens to someone else.
Once debts run so deep, like where it is hopeless to ever pay it off, is there a point in worrying about it?
There is no worry if you are willing to hang yourself when the it's time to pay the piper. Americans are committing suicide. No living person is ever afraid of death because it only happens to someone else.
Gibbon · 70-79, M
Your title is a lie. The department has never made this statement regardless if the books prove it true or not. You lie a lot on SW sir.
sree251 · 41-45, M
@Gibbon
The Treasury Secretary did not admit that the US is insolvent but the financial statements he released for fiscal year 2025 confirmed it. You may not say that you are broke but the you can be declared a bankrupt based on your financial review by the court.
you took story? So you lied. The Treasury never said this.
The Treasury Secretary did not admit that the US is insolvent but the financial statements he released for fiscal year 2025 confirmed it. You may not say that you are broke but the you can be declared a bankrupt based on your financial review by the court.
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