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How much debt can we sustain?


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Let’s hear it boomers?

Youve all been crying your cunts off about every little bit of spending 

Now we’re talking trillions and trillions on the credit card?

Tell me how this works?

Tell me the number that’s sustainable?

Edited by f7ben
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Just now, Anler said:

One million trillion

I’ll bet the government is fucking shitting today. Bond yields spiked hard at the news of all this socialism. Pretty soon our debt service will be a significant percentage of gdp

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1 minute ago, Kev144 said:

No one cares if trump  does it but they sure complained when obama did it during the 2008 recession!!!!

tenor.gif

Hey its become painfully clear that the fed can just throw trillions around all willy nilly. lets all get rich here eh? 

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I do not agree with the stimulus package or talk of payments to tax payers now anymore than I did in 2008, at least not without some level of cutting spending elsewhere.   

Edited by Highmark
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1 hour ago, f7ben said:

Let’s hear it boomers?

Youve all been crying your cunts off about every little bit of spending 

Now we’re talking trillions and trillions on the credit card?

Tell me how this works?

Tell me the number that’s sustainable?

Not a boomer but I'll giver er a go.

Our debt to gdp ratio is far below some countries that have yet to fail.   Japan is 2.5 times ours at 250%+.   Hell even maple syrup land is worse than ours at 115%.    Ours is around 105-110%.   Most European countries are worse than us in this regard by a considerable amount.   The world better not hope we go because few will be left standing after we do. 

https://worldpopulationreview.com/countries/debt-to-gdp-ratio-by-country/

Edited by Highmark
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41 minutes ago, Highmark said:

Not a boomer but I'll giver er a go.

Our debt to gdp ratio is far below some countries that have yet to fail.   Japan is 2.5 times ours at 250%+.   Hell even maple syrup land is worse than ours at 115%.    Ours is around 105-110%.   Most European countries are worse than us in this regard by a considerable amount.   The world better not hope we go because few will be left standing after we do. 

https://worldpopulationreview.com/countries/debt-to-gdp-ratio-by-country/

We are going to be 125% or more after this

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1 minute ago, f7ben said:

We are going to be 125% or more after this

Possibly and while I don't like it or think its by any means good other countries are already much higher and not failing......yet. 

Edited by Highmark
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4 hours ago, Highmark said:

I do not agree with the stimulus package or talk of payments to tax payers now anymore than I did in 2008, at least not without some level of cutting spending elsewhere.   

Cutting public services will be difficult if we're moving into what seems like an almost for sure recession. Things like food share and other measures will be needed. 

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1 hour ago, spin_dry said:

Cutting public services will be difficult if we're moving into what seems like an almost for sure recession. Things like food share and other measures will be needed. 

We haven't hit one negative quarter much less 3 in a row.   Lets stage the assistance as needed and focus on where its needed not jump off the high dive before seeing if there's water in the pool.  Some of these measures they are talking are crazy.

Edited by Highmark
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Just now, Highmark said:

We haven't hit one negative quarter much less 3 in a row.   Lets stage the assistance as needed not jump off the high dive before seeing if there's water in the pool.

You forget who you're talking to?

:lol:

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2 minutes ago, Highmark said:

We haven't hit one negative quarter much less 3 in a row.   Lets stage the assistance as needed and focus on where its needed not jump off the high dive before seeing if there's water in the pool.  Some of these measures they are talking are crazy.

That’s true. Considering that this is an election year, all incumbents in all levels of government will be more than forceful to get those checks in the mail WHEN needed and ONLY WHEN needed. 

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6 minutes ago, spin_dry said:

Given that rainbows (among other things) fly out your ass, there won’t be any recession for you. 

We keep getting more and more and are asked about deliveries.

Not looking like it so far.

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2 minutes ago, ArcticCrusher said:

:bc:

I know.

I crossed a very busy street near where I live. I’ve done it almost daily for 3 years at the same time. I’ve had to wait for traffic most of the time. I crossed it today and counted three cars as far as the eye can see. It was creepy. 

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5 minutes ago, spin_dry said:

I crossed a very busy street near where I live. I’ve done it almost daily for 3 years at the same time. I’ve had to wait for traffic most of the time. I crossed it today and counted three cars as far as the eye can see. It was creepy. 

Traffic here has dropped big time.

Barb wouldn't know what hat hit him.

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