Taxpayer's will pay for America's $35T debt

@JohnDoe-lc9yj

13 күн бұрын

Maybe the Gen x, y and z tax payers. Not the ones who accrued those taxes, for sure. Boomers think government, roads, clean water, schools, etc. are FREE.

@damonkatos4271

13 күн бұрын

President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief. President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan. President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term. President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.

@SigFigNewton

13 күн бұрын

Hopefully the people who have almost all of the money. Multimillionaires and billionaires

@SigFigNewton

13 күн бұрын

Capital gains taxes should be the centerpiece of every discussion about taxes. Don’t raise taxes on what people earn by working. Raise taxes on what people get by clicking “sell” in their investment portfolio

@IdoCareForPeople

13 күн бұрын

@@SigFigNewton ​ the minute they annouche the hiked taxes...on capital gain..there wont be any gain left to tax... the market and thus the unrealised investment values will go down in matter of days... most of wealth in the market is just imaginery valuation based on future post tax earnigns that the investors can potentially make ... only thing that can be taxed away is the money in the bank accounts of large coporations ...and that is a very samall amount realtive to their valuations... all the valuation we see is not real wealth sitting there ot be taxed...its a ballon with hot air... as the stock and RE market are in a bubble... the valution of Nvidia is almost as much than entire GDP of India... taht company has total employee count of less than 30k.... so you think 30k peoople can generate same kind of money as 1.40 billion peoepel...? and that valuiation can be taxed with out a collapse? its all fiction... the minute they try to hike taxes corporate or capital gains taxes the entire ship wil sink..and US debt to GDP will ballon to 200% with a massive depression....

. cut social security and not military? cut medicare and not government workforce? dude is clueless

@Ek0

12 күн бұрын

Old people have enough money is the point.

@grimaffiliations3671

12 күн бұрын

@@Ek0 no cuts necessary

@rainbowsixODST

11 күн бұрын

@@Ek0Many millions do not though. Many rely on social security to survive.

US Will never pay back that huge debt 🤣 Never ! Its not possible !

Luckily I won't be in this country when this shitshow happens.

@stevem9628

13 күн бұрын

bye

@AKAAAK

13 күн бұрын

@@stevem9628 👋 enjoy your taxes and high cost of living.

@stevem9628

13 күн бұрын

@@AKAAAK thanks I will, please leave now so we don't have do hear your opinion. Bye.

@AKAAAK

13 күн бұрын

@stevem9628 sounds like you and that mouse in your pocket are the only ones who don't want to hear my opinion. But then again I could care less what your opinion is. You apparently are very concerned about my opinion cuz you're the only bozo commenting on it 👋

@Mark-nx7mr

13 күн бұрын

Next week ?

In 2022, Ukraine aid $174 billion and U.S. foreign aid another 74 billion dollars to another 150 countries, but US citizens have to acquiesce to program cuts?

@danishhussain8046

12 күн бұрын

@@loumarich3562 Israel is also eating US tax payers money since 1948

@alexander9188

11 күн бұрын

@@loumarich3562 those numbers are peanuts compared to social security and health care. Even just servicing the debt is blowing those numbers out of the water.

@loumarich3562

11 күн бұрын

🤷🏻‍♂️ I just work here…

Why not remove tax breaks/handouts or tax them as much as me, from mega companies?. Why do you guys keep talking about SS? BTW, I'm currently working

Everyone who buys groceries will pay for it. Hyperinflation is the only way forward. Taxes aren’t going up, and spending isn’t coming down.

@grimaffiliations3671

12 күн бұрын

learn what hyperinflation is

It’s literally impossible to pay down the tax bill. That is the whole purpose of the federal reserve to create money with an interest rate attached to it.

If you have savings, you will pay. This fits the you will have nothing and like it narrative.

Buy yourself some gold and silver as protection

@kylebeaton5604

13 күн бұрын

Gold yes , if your adjust for inflation silver is negative money since over the longterm.

@NooeeeNNN

12 күн бұрын

@@kylebeaton5604 wrong silver has kept up with inflation in the long term.

@kylebeaton5604

12 күн бұрын

@@NooeeeNNN silver was about $20 in 1950 , inflation has gone up by 3.8% per year 900% compounded. That's a huge loss.

@NooeeeNNN

11 күн бұрын

@@kylebeaton5604 what are you talking about the price of silver in 1955 was $0.91??!

@kylebeaton5604

11 күн бұрын

@@NooeeeNNN what 900* 0.91

vote for me and mexico will pay for it. Make america solvent again.

It's not hard problem to solve. What's lacking is political will. The problem is everyone wants benefits but not pay for it, this is true for regular American people as much as corporations. The solution is just simply trim benefit, increase taxes. That's it. But off course, this will cause freeloaders and corporations alike to cry. Time to stop pampering them.

@JohnDoe-lc9yj

13 күн бұрын

Obama repeatedly tried to come to a "grand compromise" and meet the Republicans in the middle on taxes. BUT McConnell said from day 1 of Obama's Presidency he would fight every bill Obama tried to pass. McConnell said, "The single most important thing we want to achieve is for President Obama to be a one-term president."

@TrevForPresident

12 күн бұрын

@@JohnDoe-lc9yjif only he could’ve stopped ACA

@JohnDoe-lc9yj

12 күн бұрын

@@TrevForPresident McConnell repeatedly tried to stop the ACA, but decided tax cuts for billionaires was more important.

I don't think Yahoo understands the situation

Our stock market is worth 50+ trillion dollars, far more than any other country on the planet! Within that we have a lot of companies from other countries so can't fail.

@stever792

13 күн бұрын

@@juancdeliotejr5443 that is a whole other mechanism of it

When future obligations are considered, the debt is $150 trillion.

XAI94X will change the crypto game forever! 🌍

@Kingoffical855

13 күн бұрын

my portfolio: BTC, ETH and XAI

@ShubhamRajput-ct7um

13 күн бұрын

lets PUMP this to the sky guys!!

@savitasavita5084

13 күн бұрын

It is funny that not everyone knows about XAI

@user-um7vb9hn1s

13 күн бұрын

I am also XAI Holders 🚀

@PunyaSagar-ry4pj

13 күн бұрын

I've heard lots of people from X and Facebook talking about this one

It’s impossible to pay for it. Realistically, it won’t be paid. Taxpayers don’t make enough to pay it off. Bankruptcy is the only way out.

@grimaffiliations3671

12 күн бұрын

The national debt is just a stockpile of government IOU's, just like the dollar. Only difference is one has no interest rate and the other does. They both come from the same printer and paying for the debt is as simple as converting one of those government IOU's to another.

To late for that.

Diversify geographically. Both Canada and Australia have 1/2 the central government debt to gdp ratio of the US.

Seen inflation for the last 3 years?? That's who is paying

@grimaffiliations3671

12 күн бұрын

its only been falling while the debt has only been rising

USA may not be able to pay the pricipal but heck, it is paying 1.2T every year for interests which is still a very high number

I think all the smart people will vote with their feet and move out of this stupid county. I didn’t make this mess and I am not bailing you out!!!

Cut government pay, benefits, and jobs that are not needed

Politicians should pay WTF

Not me, I take every possible way, to avoid such bullshit burden!

The debt will be inflated away

US is just going to kick the chessboard.

35T PLUS all that interest!

No one will. Dept is great!

you can't pay it back. it will only grow exponentially from here. It's impossible to balance the budget. Total unfunded obligation: $73.2 trillion. Medicare and Social Security are responsible for 100 percent of the unfunded obligation. Current policy is unsustainable as debt would exceed 500 percent of GDP by 2098. It's mathematically impossible to pay back our debt.

Your grandkids will pay. Not with money, but they will have. Terrible lifestyle

@grimaffiliations3671

12 күн бұрын

thats what they said about all the spending in ww2, but the following generation thrived

Isn’t it better that government step out of individual’s money problems. If government don’t charge social security and Medicare tax, government don’t have to pay social security and Medicare.

"Make sure the auctions go smoothly "..

8133 tons of gold reserves , hi-tech knowledge , oil and some nation building serving attitude, can put things back in shape in time .

Cut defense. Since all these weapons are at least 5 to 10 times over priced and military staff (high level ) seriously overpaid and doing a bad job.

No one. The whole world just gets crushed and we all loose benefits.

Politicians aren't going to touch Social Security because they value their jobs!!

Every other country in the world that the United States gave money to!

It's a wealth/income transfer from tax payers to bondholders. Debt control can be done with re-enacted budget while economy grows.

The national debt is just a stockpile of government IOU's, just like the dollar. Only difference is one has no interest rate and the other does. They both come from the same printer and paying for the debt is as simple as converting one of those government IOU's to another.

Middle East wars and Israel protection are very expensive.

WHO ALWSYS PAYS CERTAINLY NOT THE AMERICAN CZARS

Interest rates wont go up in the Future. Govt debt has already approached the military budget.

Fed will have to print an unlimited amount of US$ to pay for US Treasury excessive expenditures and repay US Treasury debts

As always, middle class will pay the most

Can government just step out individual finance and money problems? If government doesn’t charge people social security and Medicare tax, government doesn’t need to pay people social security and Medicare. If government charges people the tax, government has to pay back people. Social security and Medicare are not government’s free money giving to the people, it is the people’s money government held for decades and refund to the people.

More are debt to FED, just write it off. US gov owe themselves money

The rest of the world. No jokes.

I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?

@berniceburgos-

7 күн бұрын

In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.

@nicolasbenson009

7 күн бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@BridgetMiller-

7 күн бұрын

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

@nicolasbenson009

7 күн бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

@Michaelparker12

7 күн бұрын

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

The countries that buying their mf shet bonds!

We have zero chance of paying a penny off. If no, then why havent we started already? the reason we haven't paid a cent against this debt in the past is the same reason we will not pay it off in the future.

@grimaffiliations3671

12 күн бұрын

The national debt is just a stockpile of government IOU's, just like the dollar. Only difference is one has no interest rate and the other does. They both come from the same printer and paying for the debt is as simple as converting one of those government IOU's to another.

Nobody. That ship sailed decades ago.

US Taxpayers, Who else ?

What a bankrupt analysis. The problem is a spending problem, pure and simple-a simple, obvious fact he studiously avoids. Way too easy to mindlessly advocate for soaking the rich or breaking faith with folks who counted on social security and Medicare their entire lives. The people who promote these ideas haven’t a moral clue, nor do they add any value when it comes to illuminating the reserve currency/endless wars/deficit spending that hollows out so much of the rest of the world, leaving us, ultimately, less secure and less wealthy . Almost as if crony capitalists in the tech sector wanted their viewers to remain ignorant, yet for some reason still feel slightly guilty. Please give generously….

When he says it IMPOSSIBLE to pay off the debt …….. that’s bankruptcy

@JohnDoe-lc9yj

13 күн бұрын

No, that's INSOLVENCY. COMPLETELY DIFFERENT. If someone has a mortgage and the bank asked them to pay off the balance in a month and they could not, it would not lead to bankruptcy. The REASON is would not lead to bankruptcy is because a bank cannot call for full payment based on the mutually accepted mortgage agreement. The US Federal government has millions and millions of lenders and most do not ability to instantly redeem that debt, via voluntary contractual agreements, by both parties.

@grimaffiliations3671

12 күн бұрын

@@JohnDoe-lc9yj you can't be insolvent in a currency you create out of thing air. The national debt is just a stockpile of government IOU's, just like the dollar. Only difference is one has no interest rate and the other does. They both come from the same printer and paying for the debt is as simple as converting one of those government IOU's to another.

Stop give the money to Ukraine!!

No need to payback....keeping printing and creating conflicts proxy wars, siphon foreign country assets, oils.....😅

Nothing new, print the funds as usual

Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.

cut military spending and aid to israel

😢🎉😂🎉❤.. 👉🏻👉🏼👉🏽 America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question... Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government) China 1949 to early 1960s Albania 1949-53 East Germany 1950s Iran 1953 * Guatemala 1954 * Costa Rica mid-1950s Syria 1956-7 Egypt 1957 Indonesia 1957-8 British Guiana 1953-64 * Iraq 1963 * North Vietnam 1945-73 Cambodia 1955-70 * Laos 1958 *, 1959 *, 1960 * Ecuador 1960-63 * Congo 1960 * France 1965 Brazil 1962-64 * Dominican Republic 1963 * Cuba 1959 to present Bolivia 1964 * Indonesia 1965 * Ghana 1966 * Chile 1964-73 * Greece 1967 * Costa Rica 1970-71 Bolivia 1971 * Australia 1973-75 * Angola 1975, 1980s Zaire 1975 Portugal 1974-76 * Jamaica 1976-80 * Seychelles 1979-81 Chad 1981-82 * Grenada 1983 * South Yemen 1982-84 Suriname 1982-84 Fiji 1987 * Libya 1980s Nicaragua 1981-90 * Panama 1989 * Bulgaria 1990 * Albania 1991 * Iraq 1991 Afghanistan 1980s * Somalia 1993 Yugoslavia 1999-2000 * Ecuador 2000 * Afghanistan 2001 * Venezuela 2002 * Iraq 2003 * Haiti 2004 * Somalia 2007 to present Honduras 2009 * Libya 2011 * Syria 2012 Ukraine 2014 * 2014 - 2022 - 9 countries yet to verify. Pakistan 2022 * Haiti 2022 * Israel 2023

Your moms.

Who will pay

@LUCENEASHELD

13 күн бұрын

@moneyman24258 , I think, future children including grandchildren & great grandchildren & beyond, GOD'S willing!

@grimaffiliations3671

12 күн бұрын

the gov

😅😅😅. It's funny when people think that $35 trillion can be paid back. Nothing will fix anything. It's mathematical impossible, so please stop pretending that it could be fixed. Fiat money like the USA dollar had an expiration date. And it's starting to smell

@grimaffiliations3671

12 күн бұрын

The national debt is just a stockpile of government IOU's, just like the dollar. Only difference is one has no interest rate and the other does. They both come from the same printer and paying for the debt is as simple as converting one of those government IOU's to another.

@maxcloutier5285

12 күн бұрын

@@grimaffiliations3671 This can be repeated as many times as you wish, it doesn't refund one cent.

Who? Repeal the Trump tax cut for billionaires/millionaires.

@damonkatos4271

13 күн бұрын

President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief. President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan. President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term. President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.

war

Russia 😂

He seemed to be mixing up Social Security and the national debt which are two separate things. Social Security shortfall just needs an adjustment on the tax rates and limits. For the national debt, a major pullback on government spending will cause a recession. Has happened in the past.

😭😭$40 trillion by end of year! we pay by having worse schools, worse infrastructure, less police, and higher taxes! CUT MILITARY SPENDING BY 70%! we still have the LARGEST MILITARY BY FAR!

@ace9840

13 күн бұрын

We have a far bigger problem than military spending. The deficit is going up $2,000,000 every single minute 24/7's 365. And anyone who knows debt based fiat currencies knows exactly what that means for the future.

@grimaffiliations3671

12 күн бұрын

@@ace9840 paying for it isnt a problem. The national debt is just a stockpile of government IOU's, just like the dollar. Only difference is one has no interest rate and the other does. They both come from the same printer and paying for the debt is as simple as converting one of those government IOU's to another.

@ace9840

12 күн бұрын

@@grimaffiliations3671 What about the cost of inflation, who pays the interest on all that debt? And the big one how many times has that worked throughout history .. Zero … and you'd be surprised how many debt based fiat currencies there's been in the last 1000 years.

@grimaffiliations3671

11 күн бұрын

@@ace9840 Taking bonds and exchanging them for dollars isn't inflationary, it's just an asset swap. It's like moving money between your savings account and your check in account. As for the interest, that is paid by rolling over the bonds. They simply create new bonds to pay the interest on old bonds. This process is not inflationary, they rolled over 120,000,000,000,000 worth of bonds in 2021 alone, inflation has only fallen since then. Yes, there has been many fiat regimes that have failed in the past, just like there has been gold based monetary systems that have failed. But the difference between this fiat system and pervious ones is that the US has a floating exchange rate, and has all of its debt in its own currency. No fiat system has ever failed with those 2 characteristics

@ace9840

11 күн бұрын

@@grimaffiliations3671 Really .. well I completely disagree and I’ve been studying it for a long time. If you do understand the bond market then tell me how the Federal Reserve lost, for the first time ever, $14.3 Billion in 2023? Want to see of it matches what I know. We can disagree because soon we'll know who’s right and who's got it wrong again .. just like in 2008 GFC

In my humble opinion, I believe taxpayers should pay 💰

Remove income cap for paying into SS. Increase the full retirement age.

@metalgirl

13 күн бұрын

Why? Are they going to give us more money when we retire because we paid in more?

@bilo6832

13 күн бұрын

@@metalgirl yes, you will receive a larger SS check if you pay more into SS, but you get paid relatively less the larger the benefit. This is how the SS formulas are set up. In 2024 if you make more than $168,600 you don’t pay SS tax. Removing that cap would put more money into the system from the people that can afford it most and reduce (relatively) their benefit when they receive it.

@backcountyrpilot

13 күн бұрын

@@bilo6832How about younger people simply work an extra 2 hours per day? They are healthier, so they can “afford it”, right? “From each according to his ability, to according to his need” and all that…….

I think everyone should pay 60% comprehensive flat rate tax with no deductions.

President Trump has a plan that will begin to tackle OUR debt. I believe he can achieve this goal trump is not the norm

@veritas3179

13 күн бұрын

Delusional.

@bilo6832

13 күн бұрын

He’ll also stop the Ukraine war is a day. 🤥

@metalgirl

13 күн бұрын

If Trump is smart, he will put bitcoin on that government balance sheet!!!

@gmv0553

13 күн бұрын

Trump has claimed bankruptcy 6 times! He knows nothing about paying off debt! All hot air from Donald Trump on our debt and Ukraine!

@damonkatos4271

13 күн бұрын

President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief. President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan. President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term. President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.