us debt clock just crack 23 trillion - Graybeard Outdoors
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post #1 of 12 (permalink) Old 11-21-2019, 10:21 AM Thread Starter
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Default us debt clock just crack 23 trillion

say goodbie to social security and medicare soon
https://www.usdebtclock.org
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post #2 of 12 (permalink) Old 11-21-2019, 10:25 AM Thread Starter
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While the main drivers of spending are mandatory programs such as Social Security, Medicare and anti-poverty programs, major legislation has grown the deficit considerably since Trump came to office.

The 2017 GOP tax law was estimated to cost $1.9 trillion over a decade, while bipartisan deals to boost defense and domestic spending ramped up outlays each year.
the Netherlands are making cuts to thier social security as they are going broke
https://www.cnn.com/2019/11/21/inves...tes/index.html
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An extended period of negative or record low interest rates has put huge pressure on pension funds in the Netherlands, forcing them to alert retirees that their incomes could be cut.
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post #3 of 12 (permalink) Old 11-21-2019, 10:49 AM
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You are not paying attention...all of the Dem candidates want to give social security to everybody. That 23T don't mean nuttin to them!

I do get your point though...us narrow minded folk understand that something has to give sooner or later. I hope much later as I'd hate to have to go to robbing rich congressmen to make ends meet! Ha!
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post #4 of 12 (permalink) Old 11-21-2019, 10:53 AM
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I recall a prophesy of a roll back, banks closing on a Thursday and opening with deposits at 50% of what was before.

Come quickly, Lord Jesus
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post #5 of 12 (permalink) Old 11-21-2019, 10:57 AM Thread Starter
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I recall a prophesy of a roll back, banks closing on a Thursday and opening with deposits at 50% of what was before.
but now most of the money is in 401ks now that were the government has its eyes set on
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post #6 of 12 (permalink) Old 11-21-2019, 12:28 PM
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That's what I am thinking, we will be left with half, of course the stock market may fall, so may uncertainties from this scenario.
I give thanks G-d is my source, we should all be as thankful.
best wishes

Come quickly, Lord Jesus
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post #7 of 12 (permalink) Old 11-21-2019, 12:41 PM
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Originally Posted by sagia308 View Post
but now most of the money is in 401ks now that were the government has its eyes set on
Yeah , and Congress is liking their chops to find a way their hands on all those 401k funds . They could be working on solving S.S. going broke but instead we get impeachment hearings .

Last edited by mcbammer; 11-21-2019 at 12:44 PM.
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post #8 of 12 (permalink) Old 11-21-2019, 03:04 PM
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A lot of seniors who didn't prepare, but paid into SSI all they're lives. Cannot live without what little they already make. You may have prepared thats fine, but the gov would find ways of stealing that as well.
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post #9 of 12 (permalink) Old 11-21-2019, 03:24 PM
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unfortunately, due to quantatative easing (i'm pretty sure i mis-spelled that), the last administration has already 'stole a good portin of the money in those account, through the de-valueing of the dollar. i wish more people understood the shell game that they play with 'money supply' manipulation!
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post #10 of 12 (permalink) Old 11-21-2019, 03:29 PM
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.
Surely 23T is a terrible debt...but of course, that would be about the same ..no matter which party were in power.

It would be much more threatening if the market were at 18,000 rather than the 28,000 where it is today, thanks

to a smart businessman being in charge.

.

I am not afraid of an army of lions led by a sheep; I am afraid of an army of sheep led by a lion. (Alexander the Great)
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