Can the trillion dollar coin come back? I've always wanted to see that happen.

Anonymous wrote:What happens if the debt ceiling is not raised?
Revenues are still coming in.
Debts will be paid, and spending priorities will have to be made over the rest.

That would be illegal. There’s no legal authority to cut off granny’s social security while paying bond holders. And there won’t be enough cash anyway. The fed revenues don’t come in evenly. They come in big chunks at each quarter. They just got one and are now spending it all down. It will be gone in early June.

This has been explained so many times that I’m thinking you just don’t want to understand.

Anonymous wrote:What happens if the debt ceiling is not raised?
Revenues are still coming in.
Debts will be paid, and spending priorities will have to be made over the rest.

Please. Go on. Explain exactly what spending priorities need to be cut to make up the forced shortfall. And the. Explain what happens to the economy.

Jesus Christ the nihilism. It’s too much.

What happens if the debt ceiling is not raised?
Revenues are still coming in.
Debts will be paid, and spending priorities will have to be made over the rest.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:National debt is $95K per person for every person in the country. It's $250K per tax payer.

What's the plan?

https://www.usdebtclock.org

Do you know how much faster it will accumulate if we default and lose our bond rating?

Default is not on the table. The current brinksmanship is over not borrowing more money.

Good lord you still don’t get it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

Bush Admin & Republican Congress also didn’t even try pay for or offset the costa of the wars in Iraq and Afghanistan and they added the Medicare Part D drug benefits and Tricare for Life for military retirees with no funding mechanism for either. Blue Dog Democrats always forced the Democrats to pay as you go and offset new programs with taxes, cuts, and cost containment measures. What blew up the debt was replacing Blue Dogs in the House with rubber-stamp Republicans. Affordable Care Act had pay-fors and controls but when Republicans got back in power they couldn’t kill the benefits but they killed the taxes and cost controls.

ACA did not have cost controls. It had a whole bunch of gimmicks, like doing a ten year cost with payouts starting 4 years later. 10 years of revenues with 6 years of payouts is very useful for a budget score, but not so helpful in the 2020s. Then they assumed the lower costs of Medicare cuts to hospital payments that passed in the late 90s, that has been cancelled every single year. There's another hundreds of billions of dollars.

The other cost controls were ignored, with Democrats clamoring for Congress to fund the insurance companies even though this part was supposed to be self-funding with the taxes on insurance company profits.

Anonymous wrote:

Anonymous wrote:National debt is $95K per person for every person in the country. It's $250K per tax payer.

What's the plan?

https://www.usdebtclock.org

Do you know how much faster it will accumulate if we default and lose our bond rating?

Default is not on the table. The current brinksmanship is over not borrowing more money.

Anonymous wrote:National debt is $95K per person for every person in the country. It's $250K per tax payer.

What's the plan?

https://www.usdebtclock.org

Do you know how much faster it will accumulate if we default and lose our bond rating?

National debt is $95K per person for every person in the country. It's $250K per tax payer.

What's the plan?

https://www.usdebtclock.org

GOP needs to give Biden a nice dose of inflation that he wants. Then the FED will keep raising rates and destroy the economy or stop raising rates and unleash massive inflation.

Everybody will hate Biden and it will be great.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

Bush Admin & Republican Congress also didn’t even try pay for or offset the costa of the wars in Iraq and Afghanistan and they added the Medicare Part D drug benefits and Tricare for Life for military retirees with no funding mechanism for either. Blue Dog Democrats always forced the Democrats to pay as you go and offset new programs with taxes, cuts, and cost containment measures. What blew up the debt was replacing Blue Dogs in the House with rubber-stamp Republicans. Affordable Care Act had pay-fors and controls but when Republicans got back in power they couldn’t kill the benefits but they killed the taxes and cost controls.

Gotta put millions of people out of work, to pad the pockets of some fat cats, it’s the GOP way.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

4 trillion in current tax revenues is sufficient. Debt service is only 600 billion, easily paid for. Figure out how to balance the budget without destroying the currency.

DoD + Va is 1 trillion, Social Security is $800 million, Medicare is $1.7, add in the debt service and you're at $4 trillion without any other spending.

DoD is ripe for cuts

Biden should counter with DoD cuts and tax increases, but DoD's budget is sacrosanct for some reason

And Republicans protested vigorously during the State of the Union that Social Security and Medicare were off the table. So, without debt service, defense spending, Social Security, Medicare, or tax increases; there aren't a lot of viable, tolerable options.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

4 trillion in current tax revenues is sufficient. Debt service is only 600 billion, easily paid for. Figure out how to balance the budget without destroying the currency.

We have obligations other than debt service, professor.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Default ??

Government brings in 4 trillion in taxes

Debt service is 600 million.


Plenty of money to pay its debt.


Talk about trashy low morals of government. I knew it was a corrupt and untrustworthy entity but this puts the spotlight on its complete sloth and sloppiness.

By “it” you mean the Republican Party?

Both parties are responsible for our sloppy, slovenly, trashy and insolvent government. Nobody is an adult.

One party has passed bills that have a funding mechanism, and it wasn't the republicans. What was their offset to pay for the tax cuts, either in 2001 or 2017?

I'll wait here for the answer.

4 trillion in current tax revenues is sufficient. Debt service is only 600 billion, easily paid for. Figure out how to balance the budget without destroying the currency.

DoD + Va is 1 trillion, Social Security is $800 million, Medicare is $1.7, add in the debt service and you're at $4 trillion without any other spending.

DoD is ripe for cuts

Biden should counter with DoD cuts and tax increases, but DoD's budget is sacrosanct for some reason