Debt-Ceiling Standoff

20,287 Views | 221 Replies | Last: 2 yr ago by Eastern Oregon Bear
DiabloWags
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sycasey said:

Unit2Sucks said:

I've been critical of how Biden has handled this crisis but have to give him credit for a pretty decisive victory at the end. This also shows how empty and pointless the GOP effort was - they achieved essentially no actual savings.

Might be time for everyone to stop underestimating Joe Biden's negotiating skills. Or maybe just keep on doing it; the negative perception might help him get better deals.

People seem to forget that he was Obama's lead negotiator with House Speaker Boehner in 2011.
Joe knows budget deals.
"Cults don't end well. They really don't."
Unit2Sucks
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sycasey said:

Unit2Sucks said:

I've been critical of how Biden has handled this crisis but have to give him credit for a pretty decisive victory at the end. This also shows how empty and pointless the GOP effort was - they achieved essentially no actual savings.

Might be time for everyone to stop underestimating Joe Biden's negotiating skills. Or maybe just keep on doing it; the negative perception might help him get better deals.
Biden lost a lot of his desired legislation to Manchinema obstruction but seems to have the GOP's number.

Obviously this underscores how disingenuous this entire debt-ceiling charade has been, but it shows that Biden with his 50+ years of experience knows how to get deals done. Despite the fact that he's a terrible public speaker and gaffe machine, he remains effective at doing the things that we need the executive branch to do, including wrangling the jokers to achieve necessary legislative outcomes.

It's refreshing after 4 years of bluster that (fortunately) resulted in little actual legislation. Apart from pandemic response, Trump's only legislative accomplishment was the tax giveaway to rich people in 2017.
sycasey
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Unit2Sucks said:

sycasey said:

Unit2Sucks said:

I've been critical of how Biden has handled this crisis but have to give him credit for a pretty decisive victory at the end. This also shows how empty and pointless the GOP effort was - they achieved essentially no actual savings.

Might be time for everyone to stop underestimating Joe Biden's negotiating skills. Or maybe just keep on doing it; the negative perception might help him get better deals.
Biden lost a lot of his desired legislation to Manchinema obstruction but seems to have the GOP's number.
And even with the obstruction and a 50/50 Senate he managed to pass more stuff than any Democrat in recent memory.
DiabloWags
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Unit2Sucks said:



It's refreshing after 4 years of bluster that (fortunately) resulted in little actual legislation. Apart from pandemic response, Trump's only legislative accomplishment was the tax giveaway to rich people in 2017.

Well, he did sign The First Step Act into law.
It was called by some justice advocates a "Christmas miracle"

PRESIDENT TRUMP SIGNS MAJOR, HISTORIC CRIMINAL JUSTICE REFORM BILL INTO LAW Justice Action Network
"Cults don't end well. They really don't."
DiabloWags
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In other Orange Man news, former White House Press Secretary Kayleigh McEnany gets thrown under the Bus by her former boss. Is there anyone that the Orange Buffoon HASNT THROWN UNDER THE BUS?

Trump angrily disowned his loyalist former press secretary as a 'RINO' for citing poll numbers that didn't show him beating DeSantis by enough (yahoo.com)

Get on your knees Kayleigh.
And pray for forgiveness from the Mango Messiah!


"Cults don't end well. They really don't."
Unit2Sucks
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DiabloWags said:

Unit2Sucks said:



It's refreshing after 4 years of bluster that (fortunately) resulted in little actual legislation. Apart from pandemic response, Trump's only legislative accomplishment was the tax giveaway to rich people in 2017.

Well, he did sign The First Step Act into law.
It was called by some justice advocates a "Christmas miracle"

PRESIDENT TRUMP SIGNS MAJOR, HISTORIC CRIMINAL JUSTICE REFORM BILL INTO LAW Justice Action Network

Sure, he was there to sign but he didn't really drive the bus. This was truly bipartisan but I give him credit for not allowing the GOP to torpedo it, which would have happened had he opposed it.

Without his opposition, 48 GOP congress members voted against the act with not a single no vote from democrats, so Trump and his administration didn't exactly have to work though any partisan bickering to get it done.

Contrast that with Biden who has to fight with children to save our economy.

Liz Warren said it best:

Quote:

"I'm weighing it against the fact that the Republicans are hostage takers and they're willing to blow up the economy and destroy our good name across the world, and the Democrats are called on once again to be the grown-ups in the room," Warren said.

"And the grown-ups in the room are the ones who have to make hard choices while the not-grown-ups keep having tantrums that hurt people across this country," she added.


Goldener Bar
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Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
Goldener Bar
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Unit2Sucks said:

DiabloWags said:

Unit2Sucks said:



It's refreshing after 4 years of bluster that (fortunately) resulted in little actual legislation. Apart from pandemic response, Trump's only legislative accomplishment was the tax giveaway to rich people in 2017.

Well, he did sign The First Step Act into law.
It was called by some justice advocates a "Christmas miracle"

PRESIDENT TRUMP SIGNS MAJOR, HISTORIC CRIMINAL JUSTICE REFORM BILL INTO LAW Justice Action Network

Sure, he was there to sign but he didn't really drive the bus. This was truly bipartisan but I give him credit for not allowing the GOP to torpedo it, which would have happened had he opposed it.

Without his opposition, 48 GOP congress members voted against the act with not a single no vote from democrats, so Trump and his administration didn't exactly have to work though any partisan bickering to get it done.

Contrast that with Biden who has to fight with children to save our economy.

Liz Warren said it best:
Quote:

"I'm weighing it against the fact that the Republicans are hostage takers and they're willing to blow up the economy and destroy our good name across the world, and the Democrats are called on once again to be the grown-ups in the room," Warren said.

"And the grown-ups in the room are the ones who have to make hard choices while the not-grown-ups keep having tantrums that hurt people across this country," she added.

Liz Warren is wrong, but that just puts her on equal standing with 99 other Senators, 435 Congressmen, and the President. The economy was never going to be blown up. I think some of them actually know this, but pretend not to for political reasons. Most of them are clueless as to how it all works though.

(hint: that Ukraine War sure seems to be paying for itself despite nobody raising taxes to pay for it).
dimitrig
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Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.


You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
dajo9
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Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You have gone full MMT
Goldener Bar
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dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukranian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616
DiabloWags
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Goldener Bar said:

Unit2Sucks said:


Quote:

Liz Warren is wrong . . .



She's wrong about a lot of things.
Just like Robert Reich.
Not surprising.
"Cults don't end well. They really don't."
Goldener Bar
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dajo9 said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You have gone full MMT
Perhaps you have an explanation for where all the money is coming from for the Ukrainian War.
sycasey
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Goldener Bar said:

dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukranian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616

Except it wasn't the US government who started the war.
dajo9
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Goldener Bar said:

dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukranian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616

How much inflation did the Iraq War, Afghanistan War, and full GWOT cause?
DiabloWags
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War and Inflation in the United States from the Revolution to the First Iraq War


w21221.pdf (nber.org)
"Cults don't end well. They really don't."
DiabloWags
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I thought someone with an MBA would know the answer to this.
But I dont have an MBA.
All I have is this:

WW-II: 18.1% and 8.84% for 1846 and 1947

($4.7 Trillion spent in 2019 dollars)

Vietnam: 8.7% in 1973, 12.3% in 1974, and 6.9% in 1975

($843 Billion spent in 2019 dollars)

Iraq War:

($1.01 Trillion spent in 2019 dollars)

Afghanistan:

($910 Billion in 2019 dollars)



Cost of war: The 13 most expensive campaigns in U.S. history (usatoday.com)





"Cults don't end well. They really don't."
dajo9
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Goldener Bar said:

dajo9 said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You have gone full MMT
Perhaps you have an explanation for where all the money is coming from for the Ukrainian War.
You don't want to admit you have gone full MMT?
Goldener Bar
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sycasey said:

Goldener Bar said:

dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukrainian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616
Except it wasn't the US government who started the war.

dajo9
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When did the propagandists all get the message to start using loaded words like "admitted"?

It's always a whole national group "admitted" because of one minor comment by somebody.
AunBear89
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Modern conservatives tend not to think for themselves. They sit quietly, waiting for Fox News to tell them what to think and how to act. They just assume everyone else does the same.
"There are three kinds of lies: lies, damned lies, and statistics." -- (maybe) Benjamin Disraeli, popularized by Mark Twain
sycasey
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Goldener Bar said:

sycasey said:

Goldener Bar said:

dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukrainian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616
Except it wasn't the US government who started the war.



What position did John Pilger hold within the US government and how many troops did he send in to Ukraine?
sycasey
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dajo9 said:

When did the propagandists all get the message to start using loaded words like "admitted"?

It's always a whole national group "admitted" because of one minor comment by somebody.

John Pilger is Australian, so he's not even a good example of the United States "admitting" anything.

https://en.m.wikipedia.org/wiki/John_Pilger
dajo9
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sycasey said:

dajo9 said:

When did the propagandists all get the message to start using loaded words like "admitted"?

It's always a whole national group "admitted" because of one minor comment by somebody.

John Pilger is Australian, so he's not even a good example of the United States "admitting" anything.

https://en.m.wikipedia.org/wiki/John_Pilger


So, not Western media either?

Wow, this little bit of propaganda is failing as bad as a Russian war of aggression
DiabloWags
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John Pilger.

Lmfao!
"Cults don't end well. They really don't."
calbear93
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dajo9 said:

sycasey said:

dajo9 said:

When did the propagandists all get the message to start using loaded words like "admitted"?

It's always a whole national group "admitted" because of one minor comment by somebody.

John Pilger is Australian, so he's not even a good example of the United States "admitting" anything.

https://en.m.wikipedia.org/wiki/John_Pilger


So, not Western media either?

Wow, this little bit of propaganda is failing as bad as a Russian war of aggression
The Guardian is a fairly liberal newspaper, with generally stronger support for the socialist candidates in the UK. There is a term that someone from UK used once to describe someone who tried too hard to be politically correct and flaunt their progressive views - "A Guardian Reader." Apparently a commonly understood term in the UK.

Whatever was said before, there is no doubt now that Russia is the bad actor here. It's like starting a war with China because of their hostile acts against us and then saying China is at fault for instigating us to invade China and starting a cataclysmic world war. Hopefully, we are more controlled than someone who shoots a kid in a road rage because the parent tried to merge into the lane, and then blames the death of the kid on the parent.
Goldener Bar
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dajo9 said:

Goldener Bar said:

dajo9 said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You have gone full MMT
Perhaps you have an explanation for where all the money is coming from for the Ukrainian War.
You don't want to admit you have gone full MMT?
You don't want to admit you can't explain where all the money for the Ukrainian War comes from?
Goldener Bar
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sycasey said:

Goldener Bar said:

sycasey said:

Goldener Bar said:

dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukrainian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616
Except it wasn't the US government who started the war.


What position did John Pilger hold within the US government and how many troops did he send in to Ukraine?
What position did Rachel Maddow hold within the Trump Administration and how many contacts did she have with Russian government officials?
Goldener Bar
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dajo9 said:

Goldener Bar said:

dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukranian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616

How much inflation did the Iraq War, Afghanistan War, and full GWOT cause?
https://www.nber.org/system/files/working_papers/w21221/w21221.pdf
Quote:

When the United States went to war against major powers it resorted to the printing
press to help finance the war. In every case the result was a substantial inflation. In
wars against second tier powers, however, the United States, for the most part, avoided
the printing press and inflation. At one level, the explanation is simple. A war against a
major power requires more resources than a war against a second tier power, and
forces the government to dig deeper into its bag of tricks to finance the war.

dajo9
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Goldener Bar said:

dajo9 said:

Goldener Bar said:

dajo9 said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You have gone full MMT
Perhaps you have an explanation for where all the money is coming from for the Ukrainian War.
You don't want to admit you have gone full MMT?
You don't want to admit you can't explain where all the money for the Ukrainian War comes from?
You assume I disagree with you. I don't. I find MMT to be very compelling. Not sure I'd say I fully agree with it but it certainly seems to make some sense and lines up with your description of where the money for the Ukrainian War comes from. I'm just pointing out to you that you are spouting the MMT line here.
Goldener Bar
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dajo9 said:

Goldener Bar said:

dajo9 said:

Goldener Bar said:

dajo9 said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You have gone full MMT
Perhaps you have an explanation for where all the money is coming from for the Ukrainian War.
You don't want to admit you have gone full MMT?
You don't want to admit you can't explain where all the money for the Ukrainian War comes from?
You assume I disagree with you. I don't. I find MMT to be very compelling. Not sure I'd say I fully agree with it but it certainly seems to make some sense and lines up with your description of where the money for the Ukrainian War comes from. I'm just pointing out to you that you are spouting the MMT line here.
You have a very strange way of agreeing with people
dajo9
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Goldener Bar said:

dajo9 said:

Goldener Bar said:

dajo9 said:

Goldener Bar said:

dajo9 said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You have gone full MMT
Perhaps you have an explanation for where all the money is coming from for the Ukrainian War.
You don't want to admit you have gone full MMT?
You don't want to admit you can't explain where all the money for the Ukrainian War comes from?
You assume I disagree with you. I don't. I find MMT to be very compelling. Not sure I'd say I fully agree with it but it certainly seems to make some sense and lines up with your description of where the money for the Ukrainian War comes from. I'm just pointing out to you that you are spouting the MMT line here.
You have a very strange way of agreeing with people
Let me try again.

I agree with you. Seems like you have gone full MMT.
sycasey
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Goldener Bar said:

sycasey said:

Goldener Bar said:

sycasey said:

Goldener Bar said:

dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukrainian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616
Except it wasn't the US government who started the war.


What position did John Pilger hold within the US government and how many troops did he send in to Ukraine?
What position did Rachel Maddow hold within the Trump Administration and how many contacts did she have with Russian government officials?
Who cares? What does this have to do with the war in Ukraine?
Unit2Sucks
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Whoops, moved my original post to the other thread.

sycasey said:

dajo9 said:

When did the propagandists all get the message to start using loaded words like "admitted"?

It's always a whole national group "admitted" because of one minor comment by somebody.
John Pilger is Australian, so he's not even a good example of the United States "admitting" anything.

https://en.m.wikipedia.org/wiki/John_Pilger

Read his wiki after you posted. Anyone surprised to hear that he is just another fascist sympathizer who has made appearances on Russian state media?

Just more bad faith by whomever cited him originally.
Goldener Bar
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sycasey said:

Goldener Bar said:

sycasey said:

Goldener Bar said:

sycasey said:

Goldener Bar said:

dimitrig said:

Goldener Bar said:

Goldener Bar said:

Let's see who on this forum can accurately explain what's wrong with Kevin McCarthy's second sentence here.


Since nobody took me up on my offer and since the debt ceiling standoff ended exactly the way every other one did (despite the Chicken Little narrative), this is the problem with the national debt discussion.

The United States doesn't borrow money from anyone in the sense of how regular people view lending because they don't have to. They own the printing press. They essentially create their own "credit card" out of thin air in the form of government bonds and other securities. When the bonds and securities purchased by the Chinese come due, the United States credits their reserve account and then China decides what they want to do with that money (they could buy more securities or spend it somewhere else).

The notion that the United States is indebted to any nation is poppycock. Federal government checks don't bounce and never will, which is why Social Security will never be insolvent and why national health care is the best solution to that perpetual problem.
You might still get your Social Security payments but after the devaluation of the dollar they might just buy you a roll of toilet paper or two.
It's incompatible to be both pro-Ukrainian war and anti-inflation.
https://www.globalresearch.ca/war-causes-inflation/22616
Except it wasn't the US government who started the war.


What position did John Pilger hold within the US government and how many troops did he send in to Ukraine?
What position did Rachel Maddow hold within the Trump Administration and how many contacts did she have with Russian government officials?
Who cares? What does this have to do with the war in Ukraine?
I figured as long as you were smearing a journalist for their opinion, I'd join in on the fun. However, it would have saved a lot of time if you just admitted you couldn't counter the argument that the U.S. did everything they could to make this war happened and moved on.

The irony of your smear is that there is far more factual support for John Pilger's reporting than Rachel Maddow's reporting.
 
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