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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
10-16-2013, 07:09 AM
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#1
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Registered User
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
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Quote:
Originally Posted by spence
Wow, you've drank A LOT of Kool-Aid.
Posted from my iPhone/Mobile device
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Explain how I'm wrong. Something like 200 billion coming in each month and like 20 billion in interest per month needs to be paid to prevent a default. That 20 billion has to be paid unless the President illegally orders the treasuries not to pay it . I believe that's how it works but your clearly the expert so learn me 
Posted from my iPhone/Mobile device |
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10-16-2013, 07:20 AM
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#2
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,481
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Quote:
Originally Posted by buckman
Explain how I'm wrong. Something like 200 billion coming in each month and like 20 billion in interest per month needs to be paid to prevent a default. That 20 billion has to be paid unless the President illegally orders the treasuries not to pay it . I believe that's how it works but your clearly the expert so learn me
Posted from my iPhone/Mobile device |
First off, our total interest outlays are a lot more than 20 B a month, it's like 400 B for the entire year.
Second, you still have the fund the other 80% still running or the economy implodes. We don't keep all that much cash under the mattress.
Posted from my iPhone/Mobile device |
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10-16-2013, 07:25 AM
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#3
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Registered User
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
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Quote:
Originally Posted by spence
First off, our total interest outlays are a lot more than 20 B a month, it's like 400 B for the entire year.
Second, you still have the fund the other 80% still running or the economy implodes. We don't keep all that much cash under the mattress.
Posted from my iPhone/Mobile device
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So your saying we can pay the dept but the rest is unsustainable on the income we generate , which at its current level is higher then ever before .
Sounds like your coming around.
Might even make you wonder how this can work if the dept hits 20 trillion by 2016 ,as projected ,
Posted from my iPhone/Mobile device |
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10-16-2013, 07:31 AM
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#4
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,481
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Quote:
Originally Posted by buckman
So your saying we can pay the dept but the rest is unsustainable on the income we generate , which at its current level is higher then ever before .
Sounds like your coming around.
Might even make you wonder how this can work if the dept hits 20 trillion by 2016 ,as projected ,
Posted from my iPhone/Mobile device
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Oh yea, I'm coming around 
How does that equation look with a recession and less cashflow?
Posted from my iPhone/Mobile device |
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10-16-2013, 08:20 AM
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#5
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Land OF Forgotten Toys
Join Date: Sep 2009
Location: Central MA
Posts: 2,309
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Quote:
Originally Posted by spence
Oh yea, I'm coming around
How does that equation look with a recession and less cashflow?
Posted from my iPhone/Mobile device |
Looks like my kid should start mandarin classes soon
Posted from my iPhone/Mobile device |
I am the man in the Bassless Chaps
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10-16-2013, 08:58 AM
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#6
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Registered User
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
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Quote:
Originally Posted by spence
How does that equation look with a recession and less cashflow?
Posted from my iPhone/Mobile device
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The future if we keep kicking the can down the road as you prefer to do .
Posted from my iPhone/Mobile device |
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