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  • The US economy

    From Lee Lofaso@2:203/2 to Wayne Harris on Tuesday, April 16, 2024 07:49:13
    Hello Wayne,

    At least he has a bunker to go to. For now.

    Yes. And he's got a lot of military hardware to protect him there
    down in the bunker that he only visits for inspection?

    But how does he explain how the US people, who now is indebted at
    $80k each -- babies all the way to 100yo alike? How many years will it
    take for USA to repay such a humongous debt?

    Are you talking about the US public debt of 21 trillion?

    "Deficits don't matter." ~Dick Cheney

    Deficits and debt are two very different things. When a person
    finances a house, he/she gets to use the house during the period
    he/she is paying for it. Same for other products, such as a car.
    As such, it is not unusual for an individual to be in debt.

    Deficit spending is something else. Due to the insane policies
    of the Trump administration, it is going to take forever for this
    country to dig its way out. In fact, we could become a third world
    country within a relatively short period of time.

    --Lee

    --
    Get Her Wet Here

    --- MesNews/1.08.05.00-gb
    * Origin: news://eljaco.se (2:203/2)
  • From Björn Felten@2:203/2 to Lee Lofaso on Tuesday, April 16, 2024 07:49:13
    In fact, we could become a third world
    country within a relatively short period of time.

    Yeah, well, it is what it is.

    -- New MAGA hat text?


    ..

    --- Mozilla/5.0 (Windows; U; Windows NT 5.1; sv-SE; rv:1.9.1.16) Gecko/20101125
    * Origin: news://eljaco.se (2:203/2)
  • From Lee Lofaso@2:203/2 to Björn Felten on Tuesday, April 16, 2024 07:49:13
    Hello Björn,

    In fact, we could become a third world
    country within a relatively short period of time.

    Yeah, well, it is what it is.

    -- New MAGA hat text?

    Could be. However, Bette Midler may have topped it
    with her tweet -

    Mitch McConnell is privately telling GOP candidates
    to distance themselves from Trump if they need to. Welp,
    they can stand 6,000 feet away & wear 10 masks. It's too
    late. They're all infected with #Moronavirus.
    ~ Bette Midler tweet, 4 August 2020

    That is a new word for the 21st century.
    Moronavirus. Caught on really fast. And now
    nobody seems to know how to get rid of it.

    --Lee

    --
    Your Hole Is Our Goal

    --- MesNews/1.08.05.00-gb
    * Origin: news://eljaco.se (2:203/2)
  • From Björn Felten@2:203/2 to Lee Lofaso on Tuesday, April 16, 2024 07:49:13
    At least he has a bunker to go to. For now.

    Yes. And he's got a lot of military hardware to protect him there down in the bunker that he only visits for inspection?

    But how does he explain how the US people, who now is indebted at $80k each -- babies all the way to 100yo alike? How many years will it take for USA to repay such a humongous debt?

    It's not only your grandchildren that you have indebted, it's at least half a dozen generations more. Sigh. What a mess your FED is creating. But at least the 0.1% richest will stay cleared. The American Dream...




    ..

    --- Mozilla/5.0 (Windows; U; Windows NT 5.1; sv-SE; rv:1.9.1.16) Gecko/20101125
    * Origin: news://eljaco.se (2:203/2)