Trump has added more debt in 4 years than obama did in 8

en.wikipedia.org/wiki/Lost_Decade_(Japan)

dumbass the mortgage industry was writing NINO loans and corrupted the entire bedrock of the american financial system in 2007.

This ought to be a controlled recession. We ant to shrink the economy to stop the spread if covid. Trump is willfully destroying the country to get him and his buddies rich. Only gullible hicks still take trumps line of bullshit.

It's an age old conundrum of power. Do you wand the carrot (money) or the stick (military).

Something tells me the US is switching to the stick because the plan is for us to pay nothing and keep everything. And it's definitely a bankruptcy. What does any smart person do when they know they are going to have to file Chapter 7: max every credit card.

Bingo.

>Please cite the part of our constitution where the president has the power to spend or borrow money..

It's in the same clause that says a Prez can start a war with out Congressional approval.

>Trump added
>Obama added
You know the president doesn’t get to decide how much money we print or what we spend, right? You’re thinking of Congress

>X prez more debt than last!
>crucify him!
Every time, as if it's not standard.

i remember this exact well-actuallyism from staunch right wingers when Obama was in office. Is this how you manufacture consent?

Zerobama is appropriate, self acclaimed Virtue seeker and nothing more. Empty suit is being generous. Couldn’t string together a coherent sentence without a teleprompter.

Haaayyyy OP

Explain to the class the significance of the debt ceiling. Let everyone know the printers back up the debt while the debt is an imaginary number made up of the value of all US Bonds. Be sure to cash yours in so we can lower the ceiling

Before you make an analogy please explain your military service and how it interfered with foreign lives. Are you another oilfag boomer that plans to lecture me on my time in Afghanistan was to steal oil? A country with no oil sources. If this isn’t your belief then my apologies in advance for profiling you in that category as this has happened to me in person and you’re seemingly similar in how the conversation would start

haha it's just a flu bro haha gone by april haha, we have it under control haha

who gets the debt relief is the issue you dumb fuck.

lol

Idk how thats even possible lol

>Couldn’t string together a coherent sentence without a teleprompter.

c-span.org/video/?c4601142/user-clip

Congress has suspended the debt ceiling until after the 2020 presidential election.1 It wants to avoid a repeat of the 2011 and 2013 debt crises during an election year. As a result, the U.S. debt exceeded $23 trillion in October 2019.2
So what the fuck is going on are we going to end up in quadrillions of debt within 5-6 more presidents? Remember if you have an outstanding 100 dollars to anyone, you get phone calls and harassed for 5-10 years before they stop doing it. I should be able to go into private debt of a billion and then just pay off the minimum payments and live like a god.

That's by design. If no new money were issued loans would become pointless since you wouldn't make any profit on them. Banks would basically stop existing, mortgages wouldn't be create, and all sorts of workers would lose their business from the lack of spending.
You could think this is better but what you're really proposing is the same thing the unabomber wanted: an end to modern industrial civilization.

if money is literally something they just can print, why should anyone ever pay back any debt?

It is not my belief. I'm not a normie parroting tropes to explain complex realities.

Based Clinton
If his wife had won she might have been able to do it again.

Just think about that.

Federal Reserve:
Here is money at .20% we created from nothing

US cool

Central Bank cool
Hey mega bank X here is money at .5

Mega bank X
cool

Hey consumer here is money at 3.5% for a house 4% for an auto. Hmm looks like our debt system that tracked you since you had a bank account says you aren't good how about 8%

What is the point?

>What's the 2008 financial crisis?

How can you be this retarded?

Attached: 1586660977649m.jpg (1024x569, 101.9K)

Because printing money isn't consequence-free and isn't something just done for no reason because you can. Otherwise we'd have quadrillions of dollars already and money would be printed nonstop 24/7. It's printed to create an effect on spending behavior. Deflation is inversely related to unemployment. Dollars lose value with inflation but people spend more which means more business and more jobs.

Look, having nuclear

Are they adjusted by inflation?

>What is the point?
To get people to invest so work can be accomplished at a larger scale than you would see with an alternative like making everything valued in gold or bartering without money.

how come bad stuff only happens when republicans are president?

im beginning to think they have bad luck (9/11/, covid-19)

So if the outcome over time is bad, can we please punish the people responsible? Because those positions ain't for idiots "trying shit out".

We all work for an artificial system of slavery

b-bill clinton?

implying at this point debt matters...

It's a post capitalist world now.

I don’t remember that

Idk whats even going to happen

16 million unemployed and stocks are going up

Clown world

is there a limit on what each president can do or is it like lets have a laugh and go for high score at this point?

maybe youve got brain serious brain damage?

Sometimes they argue about the debt at the congressional level but really they could care less.

The Fed Reserve basically says how much?

Check the foundation's international payoffs and you find it's closer to 3.
Bush's campaign exposed that they just ran a bunch of stuff off the books to try and claim a reduction.

is that the same fed that can now have behind-closed-door meetings at their own discretion?

No shit, jews literally exclude all from currency and the opportunity for prosperity except their own and those that prop up the shit they own even though they don't do the hard work themselves.

Doesn’t matter. It’s all zeros and ones at the end of the day. No one would try to take what’s owed from us

i.e. minutes need be kept as long as they decide not to. i believe it is a provision of the recently enacted coronavirus relief legislation

need not be kept*

They aren't a Federal Organization they only have appointed chairmen that can basically do whatever they want. We have no access to their systems

>implying Obama didn’t give money to Israel

okcool