REAL WORLD EVENT DISCUSSIONS

United States Debt and Global Debts grow by a Trllion during Corona, soon to be Trillions in the red due to Covid

POSTED BY: JAYNEZTOWN
UPDATED: Sunday, December 5, 2021 08:28
SHORT URL:
VIEWED: 1133
PAGE 1 of 1

Sunday, March 14, 2021 5:06 AM

JAYNEZTOWN


https://www.pbs.org/newshour/economy/the-u-s-has-23-5-trillion-in-debt
-so-how-can-it-still-afford-a-big-coronavirus-stimulus-package


Biden Sets Goal Of July 4th To 'Mark Independence' From Coronavirus

https://www.wvxu.org/post/biden-address-nation-marking-1-year-coronavi
rus-pandemic


https://www.newsweek.com/national-debt-could-surpass-25-trillion-amid-
spending-combat-coronavirus-1493758


Economics of Biden's $1.9 trillion COVID relief bill

https://news.yahoo.com/economics-bidens-1-9-trillion-031127833.html

https://www.tigerdroppings.com/rant/politics/here-come-trillions-more-
biden-will-unveil-next-phase-of-covid-response-on-thursday/95429930
/

https://www.bbc.com/news/business-53859299

https://www.newsday.com/opinion/coronavirus/cost-coronavirus-covid-19-
relief-packages-biden-national-debt-america-economy-small-businesses-interest-1.50134680


National debt: How much could coronavirus cost America

https://www.usatoday.com/in-depth/news/2020/05/08/national-debt-how-mu
ch-could-coronavirus-cost-america/3051559001
/

https://www.msn.com/en-us/news/other/us-debt-is-exploding-because-of-t
he-coronavirus-is-it-near-a-breaking-point/ar-BB13Hzmh



NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, March 14, 2021 9:46 AM

6IXSTRINGJACK


Since nobody actually owes anybody anything, I'm beginning to think that the debt doesn't really matter anymore.

It's all monopoly money. Backed up by nothing.


--------------------------------------------------

" 'You're like the Nazis' is the new 'I don't like you'. That disqualifies her from marching around planet Who-Gives-a-Shit in a helmet? ~Bill Maher

Collection of links to Second's, Nilbog's and Marcos' death threats: https://cutt.ly/tkCvEX6

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, March 14, 2021 8:58 PM

JEWELSTAITEFAN


I half wish you didn't post this stuff. kiki must be creaming her jeans with all of her dreams coming true like this - that is why she insisted the Election be stolen.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, March 15, 2021 4:59 PM

JEWELSTAITEFAN


I have been wondering how much all of this adds up to. Is anybody keeping track?

I think this is the 3rd Porkulus Bill to be passed, with Dems claiming they are for covid emergency funds.

Each of the 3 have had almost all Pork in them, very little for covid related items.

What is the total of all the supposed covid legislation, and what is the total pork in all of the Porkulus Laws since Feb 2020?

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, March 16, 2021 4:04 PM

REAVERFAN


Golly! I wonder who controlled the white house and the Senate while all this was going on?

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
https://www.propublica.org/article/national-debt-trump

One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.
----

I didn't see you pussies crying while Trump was destroying the economy. Why all the sudden concern now?

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, March 16, 2021 6:29 PM

6IXSTRINGJACK


I'd show you some graphs, but I already know you don't know how to read them.


--------------------------------------------------

" 'You're like the Nazis' is the new 'I don't like you'. That disqualifies her from marching around planet Who-Gives-a-Shit in a helmet? ~Bill Maher

Collection of links to Second's, Nilbog's and Marcos' death threats: https://cutt.ly/tkCvEX6

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, March 16, 2021 6:51 PM

REAVERFAN


Quote:

Originally posted by 6ixStringJack:
I'd show you some graphs, but I already know you don't know how to read them.



^ The illiterate idiot Nazi, who can NEVER back up the stupidity that drools out of him, fails yet again.

Show me ONE fucking graph, you stupid bitch. You can't, and you know it.



NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, March 16, 2021 6:53 PM

6IXSTRINGJACK


Go look them up on the internet, fuckwit.

Or didn't you learn how to do that while enslaving yourself to a lifetime of college debt?

I don't take orders from insects. Go bother Second if you want a graph to look at and can't figure out Google.


--------------------------------------------------

" 'You're like the Nazis' is the new 'I don't like you'. That disqualifies her from marching around planet Who-Gives-a-Shit in a helmet? ~Bill Maher

Collection of links to Second's, Nilbog's and Marcos' death threats: https://cutt.ly/tkCvEX6

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, March 17, 2021 5:44 AM

JAYNEZTOWN


Remember one year after - '15 days to slow the spread' campaign shows how little the talking heads knew about the virus

The largest public health crisis in a century has killed more than 521,000 in the United States, thrown millions out of work and upended most aspects of American life.

The relief legislation includes funding for vaccines and medical supplies, extends jobless assistance and provides a new round of emergency financial aid to households, small businesses and state and local governments.

Biden's near $2 Trillion Relief Package the Largest Stimulus Payments to-Date, Plan Showers Money on the Bureaucracy
https://news.bitcoin.com/bidens-2-trillion-relief-package-the-largest-
stimulus-payments-to-date-plan-showers-money-on-the-bureaucracy
/

Quote:


Around $570 million will be appropriated for Emergency Federal Employee leave, $77 million to the Government Accountability Office, and $1.25 billion for shuttered venue operators. “Railroad bailout money,” Rando exclaims. “Northeast corridor: $820 million, National Network: $680 million, Long distance svc restoration: $166 million, Choo chooooooooo!”

Another $30 billion will be directed toward Federal Transit Administration (FTA) grants. After Oilfield Rando combed through the 628 pages of the “American Rescue Plan,” he ended his thread by saying:

[ Washington ] DC is straight trash. Ima finish my drink and read something less depressing.

All of the aforementioned funding is written in black and white text, and all the unwarranted spending schemes will take place whether Americans like it or not. Because the direct cash payments are being dangled like a carrot on a string, it seems that many Americans simply just don’t care what’s inside these bills. Let alone, all the intergenerational debt and inflation that comes with it.






However, the stimulus bill does not mention anywhere in the bill’s text what organization will get the Planned Parenthood funding. Transportation and infrastructure will get $90 billion, as the government plans to dole out stimulus payments to transit agencies, airports and aviation manufacturers, and the railway operator Amtrak.

Rep. Espaillat ‘not comfortable’ with pork in $1.9 trillion COVID aid bill
https://nypost.com/2021/02/25/rep-espaillat-not-comfortable-with-in-co
vid-bill-spending
/

Pressed by Harlow, he said, “The answer, no, I’m not comfortable” with unrelated items.

Senator Lindsey Graham has claimed the money is a form of 'reparations'

The bill is expected to pass largely along party lines in the House, but there may be a fight in the Senate over the bill’s $15 minimum wage hike because two Democrats oppose it.

It would give $1,400 stimulus checks to most adults and extends through August a federal unemployment insurance supplement at $400 per week. But Republicans bristle at $350 billion in aid to state and local governments, contending that amounts to “bailouts” of poorly run Democratic areas, and say the fact that new school funding can’t be spent for years exposes that much of the bill isn’t about emergency needs.

Sen. Graham appeared on Fox News this week to blast the bill as an example of 'out of control liberals' and claimed that it had nothing to do with the coronavirus and so should not be included in the COVID-19 relief package.

'Let me give an example of something that really bothers me. In this bill, if you are a farmer, your loan will be forgiven up to 120% of your loan, not 100%, but 120%, if you're socially disadvantaged, if you're African American, some other minority,' he said.

Black farmers, however, have welcomed the money as they speak out about facing discrimination from the USDA in previous decades.

The number of black growers has been on the decline for decades, according to Boyd.

USDA figures show that 14 percent of all U.S. farms in 1920 were black-owned. This had fallen to two percent in 2017.

“That’s reparations,” Graham said. “What does that have to do with COVID?”

The American Rescue Plan sets aside $10.4 billion for agriculture support, with about half of that amount set aside for minority farmers, according to reports.

That means any farmer who has been “subjected to racial or ethnic prejudice because of their identity as members of a group” will be entitled to extra federal funds on top of reimbursements they claim for losses due to the pandemic.
https://nypost.com/2021/03/13/lindsey-graham-decries-reparations-in-co
vid-relief-bill
/
African Americans own about 35,000 farms in the United States — less than 2 percent of the nation’s total, the USDA reported in 2017.

But House Majority Whip James Clyburn (D-SC) said the overpayments were justified.



Quote:

$40 billion will be appropriated to U.S. universities and $91 million for the outreach to student loan borrowers, domestically and internationally,” Rando says. $100 million for the Institute of Educational Sciences and $15 million is going to the Department of Education for both domestic and international purposes.

A whopping $135 million for the National Endowment for the Arts and another $135 million for the National Endowment of the Humanities. $200 million will be handed over to the Institute of Museum and Library Services.

Rando also laughs at the $150 million being funneled to MSHA, OSHA, and all the other federal regulatory entities that will crack down on U.S. businesses.


NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Friday, April 30, 2021 8:46 AM

JAYNEZTOWN


In 100 Days, Biden Has Proposed $6 Trillion in New Spending
https://news.yahoo.com/100-days-biden-proposed-6-103041947.html

Republicans vow to fight 'Six Trillion Dollar Man' Joe Biden's massive spending plans
https://www.telegraph.co.uk/news/2021/04/29/republicans-vow-fight-six-
trillion-dollar-man-joe-bidens-massive
/

Biden Bets the Farm -- to 'Change the World'
https://www.rasmussenreports.com/public_content/political_commentary/c
ommentary_by_pat_buchanan/biden_bets_the_farm_to_change_the_world


President Biden turns to Georgia to begin pitch for $4 trillion spending plan
https://www.wesh.com/article/biden-georgia-visit-spending-plan/3629335
9

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Friday, April 30, 2021 9:47 AM

SIGNYM

I believe in solving problems, not sharing them. SECOND: I am so very sorry I libelled you by labelling you a Russian Troll. I apologize for this. http://www.fireflyfans.net/mthread.aspx?bid=18&tid=64646&p=2


Quote:

Originally posted by JEWELSTAITEFAN:
I half wish you didn't post this stuff. kiki must be creaming her jeans with all of her dreams coming true like this - that is why she insisted the Election be stolen.

JSF, you're such an ass sometimes. Maybe you haven't read KIKI'S MULTIPLE outrages posts about election irregularities, and why they need to be investigated?

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

THUGR posts about Putin so much, he must be in love.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Friday, April 30, 2021 10:11 AM

SIGNYM

I believe in solving problems, not sharing them. SECOND: I am so very sorry I libelled you by labelling you a Russian Troll. I apologize for this. http://www.fireflyfans.net/mthread.aspx?bid=18&tid=64646&p=2


Quote:

Originally posted by REAVERBOT:I didn't see you pussies crying while Trump was destroying the economy.
As I recall, I was raising the debt issue while you were hyperventilating about RUSSIA!RUSSIA!, Ukrainegate! and other stupid hoaxes.
Quote:

REAVERBOT: Why all the sudden concern now?



It's not "sudden", turd. Raised the issue under Reagan. Raised it AGAIN under GWB, and yet AGAIN - even louder- under Obama. Tried to raise it again under Trump, but you liberaloids were too busy looking at the shiny political stuff thrown in front of you to notice.


Now that Biden* is proposing multi-trillion-dollar deficit spending, we are truly in the land of the horrific.

SIX: If this debt burden just affected the USA, there'd be an inflationary problem.

But this affects everyone in the world who holds dollars, which is just about everyone except Russia and Iran. Most nations hold dollar reserves because most oil and other goods are traded in the dollar, and many international loans are made in dollar and must be paid back in dollars.

So nations hold significant dollar reserves. If they see their holding turning into funnymoney, they'll (a) dump them as fast as they can and (b) refuse to accept the [worth less] dollar as payment or (c) suddenly require many times more the number dollars than previous to make up for expected inflation.

That means that everything the USA buys in the world market ... and that means everything, since we no longer produce anything ... will suddenly become unaffordable or unavailable, and us "consumers" will be faced with hyperinflation comparable to Weimar Germany.

Refusing to trade in USD would be called "dedollarization" and China is already leading the way with its digital yuan and gold holdings, to be used with its extensive dealings for Saudi, Russian, and Iranian oil; and other commodities like iron ore, copper etc.

Now, I don't believe that the deep state is just going to run the dollar off a cliff without having some sort of plan. It could be the digital dollar, or currency changes, or an attempt to swap USD for IMF's Special Drawing Rights (SDR) for international trade, but whatever it is, dollar-holders can't possibly be happy campers.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

THUGR posts about Putin so much, he must be in love.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, May 2, 2021 6:23 AM

JAYNEZTOWN

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Friday, May 28, 2021 9:26 AM

JAYNEZTOWN


Joe Biden's $6 Trillion Budget Proposal Will Hike Spending, Keep Deficits Near Record Highs

https://reason.com/2021/05/27/joe-bidens-6-trillion-budget-proposal-wi
ll-hike-spending-keep-deficits-near-record-highs
/

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, December 5, 2021 8:28 AM

JAYNEZTOWN


Congress must deal with funding, debt ceiling and Build Back Better bill

https://www.dailymail.co.uk/news/article-10254703/Congress-deal-fundin
g-debt-ceiling-Build-Better-bill.html


Congress flirts with debt ceiling collision, another close encounter: REPORTER'S NOTEBOOK

https://news.yahoo.com/congress-flirts-debt-ceiling-collision-19510308
3.html

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
A thread for Democrats Only
Fri, May 20, 2022 07:59 - 6244 posts
Abortion
Fri, May 20, 2022 07:15 - 200 posts
In the garden, and RAIN!!!!
Fri, May 20, 2022 01:04 - 10533 posts
Why is Russia losing so much military equipment?
Thu, May 19, 2022 20:53 - 17 posts
I'm surprised there's not an inflation thread yet
Thu, May 19, 2022 20:26 - 246 posts
Russia Invades Ukraine. Again
Thu, May 19, 2022 19:57 - 545 posts
Russia keeps threatening with nukes
Thu, May 19, 2022 15:06 - 77 posts
Punishing Russia With Sanctions
Thu, May 19, 2022 10:52 - 327 posts
Biden
Thu, May 19, 2022 07:43 - 579 posts
I never thought I'd miss this evil little Goblin...
Wed, May 18, 2022 23:36 - 1 posts
Trump's Budget
Wed, May 18, 2022 19:34 - 297 posts
Russian losses in Ukraine
Wed, May 18, 2022 14:46 - 322 posts

FFF.NET SOCIAL