The real Gov't deficit for the first nine months of this fiscal year is already over $2 trillion, so the $1.9 trillion CBO estimate is already outdated.
All of our gears are ground. But all we do is grind our gears. Sad. What happens when you leave a yummy bowl of ice cream in front of an 8-year-old? What happens when a heroin addict finds a 1/2 a pound of heroin? What happens when you arrange for a politician to have unlimited access to money? Now, think about this: where does unlimited amounts of money come from? If you understood this and its effect on you, you might do more than grind your gears. Don't forget to vote!
Personally, I'd love to see an analysis of historical deficits. My hunch is they were practically nonexistent from the early days of our country until about halfway through the 20th century, then they really exploded in the latter half. But I'm not sure... If I'm right, my guess is it should probably line up with the debt chart you showed earlier. Either way, it would be interesting to see how many years the U.S. government actually managed to run a surplus since the 1950s. I bet it's not many!
He's not wrong. There's no getting out of this collectively, only as an individual. You do that by taking responsibility for your financial future, buying physical gold and silver and other assets that cannot be "printed", investing in companies that produce things our economy won't survive without, like copper and uranium. And, of course, speculating.
By the way, to elaborate on "speculating," as Doug likes to say, it's better to risk 10% of your capital targeting 100% gains than to risk 100% of your capital striving for 10% gains. Always loved this maxim.
The real Gov't deficit for the first nine months of this fiscal year is already over $2 trillion, so the $1.9 trillion CBO estimate is already outdated.
All of our gears are ground. But all we do is grind our gears. Sad. What happens when you leave a yummy bowl of ice cream in front of an 8-year-old? What happens when a heroin addict finds a 1/2 a pound of heroin? What happens when you arrange for a politician to have unlimited access to money? Now, think about this: where does unlimited amounts of money come from? If you understood this and its effect on you, you might do more than grind your gears. Don't forget to vote!
***That's your taxpayer money hard at work, going to other countries, banks, and paying for other people’s student loans.
Damn. This really grinds my gears.
Personally, I'd love to see an analysis of historical deficits. My hunch is they were practically nonexistent from the early days of our country until about halfway through the 20th century, then they really exploded in the latter half. But I'm not sure... If I'm right, my guess is it should probably line up with the debt chart you showed earlier. Either way, it would be interesting to see how many years the U.S. government actually managed to run a surplus since the 1950s. I bet it's not many!
How do we get out of this mess?
We? Impossible. Gotta think in terms of yourself, your family, and loved ones.
He's not wrong. There's no getting out of this collectively, only as an individual. You do that by taking responsibility for your financial future, buying physical gold and silver and other assets that cannot be "printed", investing in companies that produce things our economy won't survive without, like copper and uranium. And, of course, speculating.
Many people don't have the assets to buy gold, uranium, or stocks. What do we do?
By the way, to elaborate on "speculating," as Doug likes to say, it's better to risk 10% of your capital targeting 100% gains than to risk 100% of your capital striving for 10% gains. Always loved this maxim.