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Broke-ass Yankies admit to $3 trillion defict so far in 2020

  1. #1
    Greek Style Tuskegee Airman
    The federal budget deficit was $2.7 trillion in the first nine months of fiscal year 2020, CBO estimates, $2.0 trillion more than the deficit recorded during the same period last year. Revenues were 13 percent lower and outlays were 49 percent higher through June 2020 than during the same nine-month period in fiscal year 2019.
    https://www.cbo.gov/publication/56458

    CBO is the Congressional Budget Office. It's fiscal years run from October 1 to September 30.



    https://www.usdebtclock.org/

    How much longer can such a broken country keep borrowing and spending?
  2. #2
    Ajax African Astronaut [rumor the placative aphakia]
    As long as the world continues to use the petrodollar, forever.
  3. #3
    Octavian motherfucker
    No
  4. #4
    filtration African Astronaut
    Remembers when trillions went missing and they couldn't account for it, then like a week later 9/11 and the pentagon with all the files was attacked too? KIKES.
  5. #5
    Greek Style Tuskegee Airman
    That was back when a trillion dollars was a lot of money.
    The following users say it would be alright if the author of this post didn't die in a fire!
  6. #6
    Speedy Parker Dark Matter
    That debt can all be erased with the stroke of a pen.
  7. #7
    Greek Style Tuskegee Airman
    Originally posted by Speedy Parker That debt can all be erased with the stroke of a pen.

    If the debt goes so does America's ability to run a deficit.
  8. #8
    Speedy Parker Dark Matter
    Originally posted by Greek Style If the debt goes so does America's ability to run a deficit.

    America only ran a deficit one twice in its history before 1914. Once after the Revolutionary War and once after the Civil War. Both times those debts were paid off.

    The Federal Reserve is the sole cause of the US debt. One stroke of the pen can solve that.

    You should learn how money and central banks really work.
  9. #9
    Originally posted by Speedy Parker That debt can all be erased with the stroke of a pen.

    only if USD is on the same par as zimbabwe or argetina.

    not when your the reserve currency.
  10. #10
    Originally posted by Ajax As long as the world continues to use the petrodollar, forever.

    thats assuming petrol will always be dealt with in US dollars.

    thanks for kicking the russians, iranians and syriams out of it.

    soon with china.
  11. #11
    Speedy Parker Dark Matter
    Originally posted by vindicktive vinny only if USD is on the same par as zimbabwe or argetina.

    not when your the reserve currency.

    You just spew words...
  12. #12
    Originally posted by Speedy Parker You just spew words…



    holly shittt. you really habe no idea how these debts are being funded

    do you.



    due to USD's status as reserve currency "investors", which are nothing but money lenders assume USD as a safe heaven asset lend their monies to the US by buying US bonds and notes.

    thats where all your monies came from when your government decides to borrow itself monies. once you cancell your debts and goes default on them with the stroke of a pen, your essentially rendering these investors' investment worthless.

    and when investing in USD and dollar denominated debts are no longer safe ..... they pull out,

    your an idiot.
  13. #13
    Speedy Parker Dark Matter
    Originally posted by vindicktive vinny

    holly shittt. you really habe no idea how these debts are being funded

    do you.



    due to USD's status as reserve currency "investors", which are nothing but money lenders assume USD as a safe heaven asset lend their monies to the US by buying US bonds and notes.

    thats where all your monies came from when your government decides to borrow itself monies. once you cancell your debts and goes default on them with the stroke of a pen, your essentially rendering these investors' investment worthless.

    and when investing in USD and dollar denominated debts are no longer safe ….. they pull out,

    your an idiot.

    You just demonstrated you have zero knowledge.
  14. #14
    Originally posted by Speedy Parker You just demonstrated you have zero knowledge.

    ok, tell us your version of what and how it actually works.

    go ahead.
  15. #15
    aldra JIDF Controlled Opposition
    https://boards.4chan.org/pol/thread/268710050

    interesting thread on the subject


    actually I'll reformat it hold on
    The following users say it would be alright if the author of this post didn't die in a fire!
  16. #16
    ORACLE Space Nigga
    ITT: Retards do not understand how the deficit works
  17. #17
    ORACLE Space Nigga
    Originally posted by Greek Style https://www.usdebtclock.org/

    How much longer can such a broken country keep borrowing and spending?

    ^ Doesn't understand how the national debt is serviced or the deficit is financed.
  18. #18
    Speedy Parker Dark Matter
    Originally posted by vindicktive vinny ok, tell us your version of what and how it actually works.

    go ahead.

    All I am going to tell you is this. The only reason any modern currency backed by a central bank has value is that you can pay your taxes with it. It is fiat currency and has no real value. Chew on the significance of that young turdhopper.
  19. #19
    Sudo Naturally Camouflaged [my hereto riemannian peach]
    Originally posted by Greek Style That was back when a trillion dollars was a lot of money.

    cue old man circa 2100 talking about how a trillion was a lot of money in his day before hyperinflation
  20. #20
    ORACLE Space Nigga
    I used to be able to buy three burgers, 5 cokes and a bag of jawbreakers for only half a trillion when I was a youngin like you.
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