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Trump thinks he is God
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2019-09-09 at 11:23 AM UTC
Originally posted by vindicktive vinny 1 - how about expenditure. has it also increase proportionally ?
2 - you didnt answer the question. WHERE DID THE MONEY THAT PAYS FOR THE 10 YEAR BOND THAT WAS SOLD IN 2009 CAME FROM ?
Yes we still run at a deficit. But that budget includes paying off 10 year old bonds because, as I've already said, the economy has grown more than enough to pay over what was borrowed by far.this, from someone that believes things are paid for by "tax payers". and that getting leveraged is good.
Okay go open your own retard school of retard economics. -
2019-09-09 at 11:32 AM UTC
Originally posted by Rear Naked Joke Yes we still run at a deficit. But that budget includes paying off 10 year old bonds because, as I've already said, the economy has grown more than enough to pay over what was borrowed by far.
so if the 10year bonds that were sold in 2009 is already paid for in 2019 with 2019's budgeted money, and the since US is still having a deficit instead of surpluses,
that means the bond of 2009 is paid for by money borrowed from the future. -
2019-09-09 at 12:49 PM UTC
Originally posted by Rear Naked Joke Yes we still run at a deficit. But that budget includes paying off 10 year old bonds because, as I've already said, the economy has grown more than enough to pay over what was borrowed by far.
Rolling over debt isn't paying it off.
And all the US economy achieves by growing is widening the deficit. A US economy twice the size would just spend twice as much money. -
2019-09-09 at 1:12 PM UTC
Originally posted by vindicktive vinny so if the 10year bonds that were sold in 2009 is already paid for in 2019 with 2019's budgeted money, and the since US is still having a deficit instead of surpluses,
that means the bond of 2009 is paid for by money borrowed from the future.
Sure, in part, but the money borrowed from tomorrow is paid for by our budget the day after. This isn't expected to continue forever, bit when it has to stop and the government stops operating on deficit, we'll be in a position of development where it really will not matter that we are not growing at max rate.
But if you are not blasting full speed ahead to get to that point, you are just wasting time. -
2019-09-09 at 1:58 PM UTC
Originally posted by Grimace I guess my statement of "times are good" are perspective and conditional. I thought I clarified that in my original post. Not everyone benefits. Not everyone feels it's "good". Some are going to feel it's bad. Some are going to be outright hurt by it. I was just saying that for me, it's good.
I'm also closing on a house this week, so…
Damn, congrats Panny. That must feel good. -
2019-09-09 at 3:17 PM UTCDonald Trump goes after Chrissy Teigen on Twitter, gets brutally shut down
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2019-09-09 at 3:18 PM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2019-09-09 at 5:17 PM UTC
Originally posted by Rear Naked Joke Sure, in part, but the money borrowed from tomorrow is paid for by our budget the day after.
no, because your expenditure you budgeted for the day after is bigger than your income.This isn't expected to continue forever, bit when it has to stop and the government stops operating on deficit, we'll be in a position of development where it really will not matter that we are not growing at max rate.
yes, like i said, in order to do this you have to either default, or go to war and destroy your creditors.
because the US governmemt cant afford to raise taxes for fear of triggering regime change. -
2019-09-09 at 6 PM UTC
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2019-09-10 at 1:49 AM UTCSo you can talk the talk but can you do the walk. What is your credit rating?
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2019-09-10 at 1:51 AM UTC
Originally posted by vindicktive vinny no, because your expenditure you budgeted for the day after is bigger than your income.
yes, like i said, in order to do this you have to either default, or go to war and destroy your creditors.
because the US governmemt cant afford to raise taxes for fear of triggering regime change.
The Fed can just print more money whenever it wants for their handlers. It's an endless supply of hard cash. Money right out of thin air. It's only paper, you know. -
2019-09-10 at 1:53 AM UTCHa! The credit rating is only good if you want to borrow money and go into debt. Fuck that! Pay cash or don't buy it.The following users say it would be alright if the author of this post didn't die in a fire!
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2019-09-10 at 1:59 AM UTC
Originally posted by Erekshun Ha! The credit rating is only good if you want to borrow money and go into debt. Fuck that! Pay cash or don't buy it.
Really?? I’m getting ready to refi my house at a whole point lower. I’m not spending money, I’m saving it because I have a high credit score, and they offer this lower interest rate to those with a “very good” or “excellent” credit rating. -
2019-09-10 at 2:03 AM UTC
Originally posted by Technologist Really?? I’m getting ready to refi my house at a whole point lower. I’m not spending money, I’m saving it because I have a high credit score, and they offer this lower interest rate to those with a “very good” or “excellent” credit rating.
Well good for you! You are still in debt! Yay for you! -
2019-09-10 at 2:05 AM UTCYeah and you throw away a monthly rent in a flood prone area. What’s yer point? I’ll own my house.
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2019-09-10 at 2:09 AM UTCOwn your house! I can pack up and leave anytime I want. Pro's and cons for both.
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2019-09-10 at 2:11 AM UTCYou think I can’t pack up and leave anytime I want? I most certainly can. You are dense.
Andddd, I’d walk away with all the equity I already have in my house after 14 years. -
2019-09-10 at 2:15 AM UTC
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2019-09-10 at 3:06 AM UTCOwning a house builds up equity while paying rent is throwing money away. Benefits of home ownership means not sharing a wall with someone else, a nicer living environment and more privacy. Yes you can sell a home or rent it if you want to move in a hurry. But if you credit is poor and you have no savings for a downpayment apartment living is the only choice unless your mom lets you live in her basement.
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2019-09-10 at 5:08 AM UTCCredit scores are massive bullshit. Debt isn't reported fairly so scores are inaccurate and varying and that's why most lenders use FICO scores.
