Official explanation of current debt reduction

85Hokie

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Well.......
IF facebook has anything to do with it .......... IT has got to be the truth - (add ANY sarcasm you want to)

No - I did not look at it either..........

Debt is something that ALL presidents in the past have added too - some more than others, all guilty as hell of placing us in debt beyond payback.
 
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D2Cat

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It was actually posted by CNN and originally on C=Span ( I know, a much more reliable source. ;)) but I copied the link while on FB. I have a few items for sale on Marketplace and happen to see it.

The explanation she repeats is hilarious.
 

The Evil Twin

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I've never seen someone use so many words to NOT answer the question. Lol!!
Except the part about the student loans....the rationale is "no one is paying now, but when they do it will offset the people that have it forgiven". Wish it worked that way on my mortgage.
 
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Biker1mike

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Well.......
IF facebook has anything to do with it .......... IT has got to be the truth - (add ANY sarcasm you want to)

No - I did not look at it either..........

Debt is something that ALL presidents in the past have added too - some more than others, all guilty as hell of placing us in debt beyond payback.
Democrat Bill Clinton was president the last time the federal budget was balanced, and Republicans controlled Congress.

To be fair to Bush, 9/11 killed any chance of him keeping the balance.
 
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PaulR

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It's all monopoly money at this point gentlemen. Keep your shelves stocked and your tractor fuel topped off and hope for the best. Oh, and ammo, lots and lots of ammo.
 
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The Evil Twin

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It's all monopoly money at this point gentlemen. Keep your shelves stocked and your tractor fuel topped off and hope for the best. Oh, and ammo, lots and lots of ammo.
Just placed an order yesterday. And not for food or fuel. 😉
 
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85Hokie

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" I have a few items for sale on Marketplace and happen to see it. "

I use marketplace (look at "stuff" way to much" also ......... and the rabbit holes I end up in are ............ uncountable !!!!
 

Jchonline

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It's all monopoly money at this point gentlemen. Keep your shelves stocked and your tractor fuel topped off and hope for the best. Oh, and ammo, lots and lots of ammo.
Like we will be able to get fuel if the economy collapses.....you better start making your own lol.
 
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PaulR

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Like we will be able to get fuel if the economy collapses.....you better start making your own lol.
I hear that. Short term like fuel for a year is possible, outside of that, who knows.
 

Mark_BX25D

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The explanation she repeats is hilarious.
Hmmm.
Odd..... I'm not laughing.....



Democrat Bill Clinton was president the last time the federal budget was balanced, and Republicans controlled Congress.
It wasn't really balanced even then. You have to look at the whole budget, not just the"discretionary" spending.


To be fair to Bush, 9/11 killed any chance of him keeping the balance.
This is an important point. When evaluating a President's performance, no honest evaluation can be made without taking into account several things, one of which is extraordinary events (tech innovations, 9/11, COVID, etc.). It's always more complicated than who happened to be in the White House when X happened.
 
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GeoHorn

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To be fair to Bush, 9/11 killed any chance of him keeping the balance.
To be more Accurate…. the Bush RESPONSE to 911 killed any chance of balance ….. (attacking everyplace Halliburton/Kellog-Brown-Root could make money except the place Most Responsible for the 911 attack…Saudi Arabia. Instead the entire U.S. aviation community was grounded for ten days while he let all the rich Saudis living in Boston to fly home in their personal jets.)
 
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lynnmor

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All electrical transformers have mineral oil in them and tractors will run off of it. Diesel that is.
So all you need is some of that ammo and a bucket?
A side benefit would be starving those EVs that pay no taxes on their fuel.