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Where is the money coming from?

B

btthegreat

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• Federal debt of the U.S. - forecast 2030 | Statista

This information on the federal debt was calculated at the end of 2018, and it sure did not presuppose a pandemic or a federal emergency response to it.

• U.S. government - forecast of the budget balance FY 2030 | Statista

This information on the federal debt was calculated at the end of 2018, and it sure did not presuppose a pandemic or a federal emergency response to it.

• State and local debt as a percentage of GDP in the U.S. in 2017, by state | Statista

This information was calculated at the end of 2016, and it sure did not presuppose a pandemic or a state and local emergency response to it.

So we have already spent our money. We have already spent our kid's inheritance. We have already spend our grandkids' inheritance.

Now we have to pay for this pandemic, and we know the pattern is for summer and autumn forest fires to turn into conflagrations of monumental speed and size throughout the west. We know we have larger more destructive storms, hurricanes, floods etc over the last few years that demand huge federal and state emergency/ FEMA responses.

We know that people keep getting older, and SS and Medicare are both set to go broke, while retirement options are drying up and unemployment likely to stay very very high for a long time and business and personal bankruptcies likely to skyrocket. and the trend towards a part time work force with less employer support for health care and pensions will continue.

Assuming we ever get the political will, changing to a green economy will be disruptive and it will require a lot of investment capital.

So where will we get the money to sustain the national , state and local governments while they all try desperately to meet their constituent obligations and priorities? We cannot target the rich and get all this done and have them just suck it up because there just are only so many rich folk and they don't have to hang around. We cannot just cut spending and tighten our belts because there is not enough waste and fraud on the entire planet and those belts can only tighten so far without cutting off the blood supply to our legs.

We can't just target military spending, because this world is going to get far less stable not the opposite as deprivation, recession etc create huge pressures on governments that they cannot respond to.



How the hell do we even begin to dig our way out now and if we don't start digging now it will only get worse.


Now I asked the question, you guys come up with the answers.

Thanks in advance for solving out budget mess!
 
btthegreat said:
• Federal debt of the U.S. - forecast 2030 | Statista

This information on the federal debt was calculated at the end of 2018, and it sure did not presuppose a pandemic or a federal emergency response to it.

• U.S. government - forecast of the budget balance FY 2030 | Statista

This information on the federal debt was calculated at the end of 2018, and it sure did not presuppose a pandemic or a federal emergency response to it.

• State and local debt as a percentage of GDP in the U.S. in 2017, by state | Statista

This information was calculated at the end of 2016, and it sure did not presuppose a pandemic or a state and local emergency response to it.

So we have already spent our money. We have already spent our kid's inheritance. We have already spend our grandkids' inheritance.

Now we have to pay for this pandemic, and we know the pattern is for summer and autumn forest fires to turn into conflagrations of monumental speed and size throughout the west. We know we have larger more destructive storms, hurricanes, floods etc over the last few years that demand huge federal and state emergency/ FEMA responses.

We know that people keep getting older, and SS and Medicare are both set to go broke, while retirement options are drying up and unemployment likely to stay very very high for a long time and business and personal bankruptcies likely to skyrocket. and the trend towards a part time work force with less employer support for health care and pensions will continue.

Assuming we ever get the political will, changing to a green economy will be disruptive and it will require a lot of investment capital.

So where will we get the money to sustain the national , state and local governments while they all try desperately to meet their constituent obligations and priorities? We cannot target the rich and get all this done and have them just suck it up because there just are only so many rich folk and they don't have to hang around. We cannot just cut spending and tighten our belts because there is not enough waste and fraud on the entire planet and those belts can only tighten so far without cutting off the blood supply to our legs.

We can't just target military spending, because this world is going to get far less stable not the opposite as deprivation, recession etc create huge pressures on governments that they cannot respond to.



How the hell do we even begin to dig our way out now and if we don't start digging now it will only get worse.


Now I asked the question, you guys come up with the answers.

Thanks in advance for solving out budget mess!
Click to expand...

China, no doubt.
 
btthegreat said:
• Federal debt of the U.S. - forecast 2030 | Statista

This information on the federal debt was calculated at the end of 2018, and it sure did not presuppose a pandemic or a federal emergency response to it.

• U.S. government - forecast of the budget balance FY 2030 | Statista

This information on the federal debt was calculated at the end of 2018, and it sure did not presuppose a pandemic or a federal emergency response to it.

• State and local debt as a percentage of GDP in the U.S. in 2017, by state | Statista

This information was calculated at the end of 2016, and it sure did not presuppose a pandemic or a state and local emergency response to it.

So we have already spent our money. We have already spent our kid's inheritance. We have already spend our grandkids' inheritance.

Now we have to pay for this pandemic, and we know the pattern is for summer and autumn forest fires to turn into conflagrations of monumental speed and size throughout the west. We know we have larger more destructive storms, hurricanes, floods etc over the last few years that demand huge federal and state emergency/ FEMA responses.

We know that people keep getting older, and SS and Medicare are both set to go broke, while retirement options are drying up and unemployment likely to stay very very high for a long time and business and personal bankruptcies likely to skyrocket. and the trend towards a part time work force with less employer support for health care and pensions will continue.

Assuming we ever get the political will, changing to a green economy will be disruptive and it will require a lot of investment capital.

So where will we get the money to sustain the national , state and local governments while they all try desperately to meet their constituent obligations and priorities? We cannot target the rich and get all this done and have them just suck it up because there just are only so many rich folk and they don't have to hang around. We cannot just cut spending and tighten our belts because there is not enough waste and fraud on the entire planet and those belts can only tighten so far without cutting off the blood supply to our legs.

We can't just target military spending, because this world is going to get far less stable not the opposite as deprivation, recession etc create huge pressures on governments that they cannot respond to.



How the hell do we even begin to dig our way out now and if we don't start digging now it will only get worse.


Now I asked the question, you guys come up with the answers.

Thanks in advance for solving out budget mess!
Click to expand...
Float debt. That's the answer.

But then much of the world, save for those countries countries that handled this well, is in similar situation.
 
tres borrachos said:
China, no doubt.
Click to expand...
That's it! we will put down some tariffs and force these Asians into new trade agreements.

Lets not forget the benefits of the Wall. If we keep the Mexican folks out on the southern border, they won't be taking our jobs in the strawberry fields and the cherry orchids.


See we have already found billions. Solvency is now around the corner!
 
btthegreat said:
That's it! we will put down some tariffs and force these Asians into new trade agreements.

Lets not forget the benefits of the Wall. If we keep the brown folks out on the southern border, they won't be taking our jobs in the strawberry fields and the cherry orchids.


See we have already found billions.
Click to expand...

You're been listening to Hannity.:lol:
 
btthegreat said:
• Federal debt of the U.S. - forecast 2030 | Statista

This information on the federal debt was calculated at the end of 2018, and it sure did not presuppose a pandemic or a federal emergency response to it.

• U.S. government - forecast of the budget balance FY 2030 | Statista

This information on the federal debt was calculated at the end of 2018, and it sure did not presuppose a pandemic or a federal emergency response to it.

• State and local debt as a percentage of GDP in the U.S. in 2017, by state | Statista

This information was calculated at the end of 2016, and it sure did not presuppose a pandemic or a state and local emergency response to it.

So we have already spent our money. We have already spent our kid's inheritance. We have already spend our grandkids' inheritance.

Now we have to pay for this pandemic, and we know the pattern is for summer and autumn forest fires to turn into conflagrations of monumental speed and size throughout the west. We know we have larger more destructive storms, hurricanes, floods etc over the last few years that demand huge federal and state emergency/ FEMA responses.

We know that people keep getting older, and SS and Medicare are both set to go broke, while retirement options are drying up and unemployment likely to stay very very high for a long time and business and personal bankruptcies likely to skyrocket. and the trend towards a part time work force with less employer support for health care and pensions will continue.

Assuming we ever get the political will, changing to a green economy will be disruptive and it will require a lot of investment capital.

So where will we get the money to sustain the national , state and local governments while they all try desperately to meet their constituent obligations and priorities? We cannot target the rich and get all this done and have them just suck it up because there just are only so many rich folk and they don't have to hang around. We cannot just cut spending and tighten our belts because there is not enough waste and fraud on the entire planet and those belts can only tighten so far without cutting off the blood supply to our legs.

We can't just target military spending, because this world is going to get far less stable not the opposite as deprivation, recession etc create huge pressures on governments that they cannot respond to.



How the hell do we even begin to dig our way out now and if we don't start digging now it will only get worse.


Now I asked the question, you guys come up with the answers.

Thanks in advance for solving out budget mess!
Click to expand...

I think the Congress of the United States sees an answer in taxes, taxes, taxes. Balancing the budget would be a nice start but then where would democrats get the money thy like to give away?
 
Taxes need to back to Clinton levels or higher, preferably in a staggered way so as to avoid economic shocks. It's that simple. We cannot agree on what, if any, spending should be cut. So we need to pay for what we spend. It's that simple.

We were doing fine until the lying supply-side GOP scum came along, knowing they could dupe morons and bigots into voting for them (and against their own interests) by whispering "guns, gays, abortion" in their ears. Every time they promised tax cuts would produce such economic gain that we'd make gains against our deficits, the opposite happened.

The GOP swine had us borrowing over a trillion a year between Bush's and Trump's tax cuts, and that was in the "best economy ever." They don't care. They'll be dead when the **** hits the fan. (Same with climate change).



They don't want you to see what their policies have wrought. Trump is suppressing the usual formal economic projections (Obama didn't ***** out of releasing them when he was dealing with a recession):

The White House is supposed to unveil a federal budget proposal every February and then typically provides a “mid-session review” in July or August with updated projections on economic trends such as unemployment, inflation and economic growth. Budget experts said they were not aware of any previous White House opting against providing forecasts in this “mid-session review” document in any other year since at least the 1970s. Two White House officials confirmed the decision had been made not to include the economic projections as part of the mid-session release. The officials, who spoke on the condition of anonymity to discuss internal deliberations, said that the novel coronavirus is causing extreme volatility in the U.S. economy, making it difficult to model economic trends.

The document would be slated for publication just a few months before the November elections.

https://www.washingtonpost.com/business/2020/05/28/white-house-coronavirus-economic-projections/
 
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Our answer has been to distribute in whatever way more money to the rich and large corps and less to those with the least. I know that's not an answer to the question. But that's what happens. It's the Republican way.
 
they're just printing it, and it hasn't bitten us in the ass hard yet because the dollar is the global reserve currency. if that changes, get ready to get ****ed. i know that i'm not ready.
 
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