SuzukiSavage.com - Print Page

SuzukiSavage.com
/cgi-bin/YaBB.pl
General Category >> Politics, Religion (Tall Table) >> Guide to the Federal Debt in a nutshell
/cgi-bin/YaBB.pl?num=1381467019

Message started by Midnightrider on 10/10/13 at 21:50:19

Title: Guide to the Federal Debt in a nutshell
Post by Midnightrider on 10/10/13 at 21:50:19

https://www.youtube.com/watch?v=Li0no7O9zmE

Title: Re: Guide to the Federal Debt in a nutshell
Post by justin_o_guy2 on 10/11/13 at 03:46:13

Why is it so hard for people to get it? Im curious to know if anyone on this board supports any war we are in & if anyone supports the debt limit increase.

Title: Re: Guide to the Federal Debt in a nutshell
Post by Paraquat on 10/11/13 at 06:14:23

I like the septic tank comparison.

Quote:

Let's say, you come home from work and find there has been a sewer backup in your neighborhood.

Your home has sewage all the way up to your ceilings.

What do you think you should do? Raise the ceilings or pump out the nuts?

--Steve

Title: Re: Guide to the Federal Debt in a nutshell
Post by Pine on 10/11/13 at 07:28:08

OK .. I got this.. I can fix this!

We raise the debt limit ... ONE LAST TIME...

But its conditional:

Only bond buyers allowed must be:

US citizen
Have paid taxes (have a tax return)
limit of $50,000 in bonds can be bought per person per year.

The government could not buy its own bonds, nor could any government entity.
No..Non residents, or outside companies may buy.
No US corporations may buy
No criminal may buy
No elected official may buy

Raise the limit all you want... but don't be surprised when few buy and when they wont buy until you offer a descent interest rate. Not raising enough money... too forking bad.

Title: Re: Guide to the Federal Debt in a nutshell
Post by justin_o_guy2 on 10/11/13 at 09:46:39

The government could not buy its own bonds,

Its really insane that people accept that this has been done,
If you need $100.00 but theres no $$ in the bank,, can you write a check & cash it out of your own pocket & have the $$? The whole Idea of printing the bonds & selling them is to raise $$, how can you buy your own bonds? Thats a sure sign of economic death,