Author Topic: Debt Limit $19.8 Trillion  (Read 213 times)

Offline Possumpoint

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Debt Limit $19.8 Trillion
« on: March 31, 2017, 11:43:57 AM »
As of March 16, 2017, the Nation's debt limit was fixed at $19.8 T, the level reached the day before. Last I looked, we're at $19.96 T and climbing. The Treasury is now using what are intended to extraordinary means to pay the nation's bills but have recently almost been considered the norm. These methods could last as long as 5 months before running up against the wall.

Very little discussion is being presented in the forums I post in. The focus of the media and posters seems to be on other matters. Debt has become the method to control and grow the economy. That is for government, business and personal finances. The house of cards is about to fall down in my opinion. A number of bubbles are showing signs of reaching their limits. Arrears are growing in sub prime and prime loans for cars. Student debt arrears are growing. Retail sales are dropping and a number of retailers are contracting stores with some facing bankruptcy. This is putting downward pressure on retail real estate, large malls particularly. I've found it hard to pull the arrears on charge cards off the internet so I'm not sure if they have grown. I did find that the charge levels have nearly reached the 2008 levels.

Trumps proposed budget doesn't mention the debt limit that I'm aware of and appears as if it won't pass as proposed. Congress isn't talking about the limit that I'm aware of. The fractured relationships within the Republican Party will probably cause problems in resolving the debt level. I think I see through all the smoke another government shutdown coming. What do you think?

Rev'd to add punctuation.
« Last Edit: March 31, 2017, 11:56:11 AM by Possumpoint »



Online Solar

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Re: Debt Limit $19.8 Trillion
« Reply #1 on: March 31, 2017, 12:05:35 PM »
We are reaching the point of no return, we can't keep doing continuing resolutions.

Koolaid is for kids, TEA is for adults

Offline Possumpoint

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Re: Debt Limit $19.8 Trillion
« Reply #2 on: March 31, 2017, 12:13:12 PM »
We are reaching the point of no return, we can't keep doing continuing resolutions.
Okay, the two major parties are big government parties. They will continue to try to sweep the problem under the rug for as long as possible, hoping the "S" won't hit the fan till after they are out of office. They won't resolve the problem. What is it going to take, the complete meltdown of the economy?. The mental pictures that brings forth are staggering.

Online Solar

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Re: Debt Limit $19.8 Trillion
« Reply #3 on: April 14, 2017, 06:12:43 AM »
Okay, the two major parties are big government parties. They will continue to try to sweep the problem under the rug for as long as possible, hoping the "S" won't hit the fan till after they are out of office. They won't resolve the problem. What is it going to take, the complete meltdown of the economy?. The mental pictures that brings forth are staggering.
We're on the right path, killing off the Dim party was the first phase, purging the GOP of Marxist is the second, but fixing the problem of overspending is one the nation needs to get behind.
Getting people off the Govt teat will be the hardest part which is why both party's wanted people addicted, it's what Marxists do when destroying prosperity and culture.
Koolaid is for kids, TEA is for adults

 

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