President Joe Biden - Kamala Harris Administration

#45,552
#45,552
Vol737 said:
Yes, basically flat…until now. That blue line is now at about 6.8%. That trend will continue according to all those sources/entities I listed. That’s exactly what both those articles indicate as well…how much more expensive it will get going forward to finance the debt. That, in and of itself wouldn’t be much of a concern if not for the speed of which financing costs and the overall debt is increasing. And you are correct, as I stated prior, we have benefitted via low interest rates that have held this percentage low for a while now, albeit artificially. I’m not saying we are falling off a cliff tomorrow, only echoing we can’t continue on the present path and adjustments are going to be necessary in the very near term. Don’t believe we can kick that can down the road much longer. Any rate, time will tell.
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Fair enough.

If interest rates continue to rise, we likely will have to reduce the deficit to maintain ~ 7%.
 
#45,555
#45,555
Orangeburst said:
This is what this gov thinks of you and the past 3 years. Disgusting

Science | AAAS
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How could we ever justify action to study/mitigate a bat virus in a remote area of China that didn't really seem to harm the nearby population and certainly didn't in any way threaten us. There's no way for us to justify supporting GOF work by the Chinese - essentially weaponizing a virus. The CDC and other "researchers" backing this stuff need to be strung up. There's no way they can possibly justify or atone for the harm they've caused the world.
 
#45,556
#45,556
AM64 said:
How could we ever justify action to study/mitigate a bat virus in a remote area of China that didn't really seem to harm the nearby population and certainly didn't in any way threaten us. There's no way for us to justify supporting GOF work by the Chinese - essentially weaponizing a virus. The CDC and other "researchers" backing this stuff need to be strung up. There's no way they can possibly justify or atone for the harm they've caused the world.
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Literally strung up.
 
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#45,557
#45,557
AM64 said:
How could we ever justify action to study/mitigate a bat virus in a remote area of China that didn't really seem to harm the nearby population and certainly didn't in any way threaten us. There's no way for us to justify supporting GOF work by the Chinese - essentially weaponizing a virus. The CDC and other "researchers" backing this stuff need to be strung up. There's no way they can possibly justify or atone for the harm they've caused the world.
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They got away with it...like everything else. That nasty Nazi at the WEF even said the next one is coming. Enemies of humanity.
 
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#45,558
#45,558
MontyPython said:
Fair enough.

If interest rates continue to rise, we likely will have to reduce the deficit to maintain ~ 7%.
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How can we reduce the deficit if we keep adding to it? How can we reduce the deficit if increasing interest rates cut significantly into the "disposable" tax income for new projects - not forgetting the other past follies that we are already committed to funding? How do you manage inflation if you wipe out increased interest rates as a tool because that cuts into necessary spending? Seems like congress has boxed itself into a corner with all the past projects that kept demanding more spending down the road and never coming up with a rational plan to pay for any of it.
 
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#45,564
#45,564
AM64 said:
Whether they actually vote or not, the votes will show up.
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Many blacks are very disappointed now about the vote for Biden, but democrats are voter harvesting in record numbers. Even if you aren't energized to vote for Biden again, they have created a mechanism to bother the sheet out of you and they will find you like a telemarketer.
 
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#45,565
#45,565
AM64 said:
How can we reduce the deficit if we keep adding to it? How can we reduce the deficit if increasing interest rates cut significantly into the "disposable" tax income for new projects - not forgetting the other past follies that we are already committed to funding? How do you manage inflation if you wipe out increased interest rates as a tool because that cuts into necessary spending? Seems like congress has boxed itself into a corner with all the past projects that kept demanding more spending down the road and never coming up with a rational plan to pay for any of it.
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There is no paying down debt. Ever.

Keeping it manageable is smart, doable and what in fact we're doing right now.
 
#45,569
#45,569
I wonder if it'll be announced that Biden is going to the Land of the Rising Sun in the next month? It seems like a lot going on in Asia.
 
#45,570
#45,570
80,000 Migrants Amassed in Guatemala, heading to US for Title 42 end

Some 80,000 South American migrants are amassed in Guatemala and planning to head for the US-Mexico border, government sources tell The Post.

Other migrants who have already made the journey are flooding the southern border, overwhelming US Customs and Border protection by handing themselves over in their thousands daily ahead of the end of Title 42 measures on May 11.

Things are only expected to get worse when the pandemic-era restriction ends, with tens of thousands of migrants camped along the Mexican side of the border, planning to head into the US.

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80,000 migrants amassed in Guatemala, heading to US
 
#45,571
#45,571
MontyPython said:
Yes there is a record amount of Interest being paid. This year and in future years there will be continued record amounts paid.

So what?

This has nothing to do with the fact that the trend of what percentage we are paying on interest out of our total budget remains basically flat.

Big numbers scary hypothesis #13,427 out the window.

* The blue line is your friend.

View attachment 550587
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This comparison doesn’t make much sense to me. Why compare to federal outlays?

First, the interest on the debt should be compared to tax receipts…not federal outlays. Make the budget big enough and we can get it down to 1%.

Second, the interest measure should not be net interest, but interest obligation.

I wonder if that blue line would look similar making these two adjustments?
 
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#45,574
#45,574
MontyPython said:
Yes there is a record amount of Interest being paid. This year and in future years there will be continued record amounts paid.

So what?

This has nothing to do with the fact that the trend of what percentage we are paying on interest out of our total budget remains basically flat.

Big numbers scary hypothesis #13,427 out the window.

* The blue line is your friend.

View attachment 550587
Click to expand...
Is there a point where the blue line becomes problematic?
 
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