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84% of Americans say they need another welfare check


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2 hours ago, tdslf said:

Way confused on this topic......When we all stand equally on the income scale....then stones about what a person needs can be throw...welfare indeed...how very narrow minded.

then what is it? it isn't stimulus as millions of people are excluded.

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too bad that the powers that be made the word welfare so so dirty years ago that now in the midst of a unforeseen event like a worldwide pandemic that turned hardworking people into welfare recipients....we still have people putting their nose in the air.....indeed. Why give a damn whether its welfare or not....stimulus or not....There are people who have money to spend and don't need a leg up...like me...but I could be one of those folks.....anyone could be....But..then who are we...?.....

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  • 3 weeks later...
6 hours ago, hegemony said:

Yea! More debt and having to borrow from China!

U.S. National Debt Clock : Real Time (usdebtclock.org)

 

So Hege, seriously, what is the end game here, do we ultimately just default on our debt and unfunded liabilities or do we just go full on monetization?

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12 hours ago, Rogue said:

Yea! More debt and having to borrow from China!

U.S. National Debt Clock : Real Time (usdebtclock.org)

 

So Hege, seriously, what is the end game here, do we ultimately just default on our debt and unfunded liabilities or do we just go full on monetization?

A day comes we all trade with trinkets and sticks and stones... no country is going to repay it back to others

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13 hours ago, Rogue said:

Yea! More debt and having to borrow from China!

U.S. National Debt Clock : Real Time (usdebtclock.org)

 

So Hege, seriously, what is the end game here, do we ultimately just default on our debt and unfunded liabilities or do we just go full on monetization?

well most of it is not borrowed from outside the U.S. but as long as institutions, people, etc. are willing to buy there is no incentive to curb the issuing of sovereign debt.

 

inflation hawks have been griping for decades all for naught (so far). I am more concerned about deflation as people may decide they don't need to keep spending on the latest gadget or exotic vacation. Deflation pushes wages down and sets in motion a vicious cycle of low growth, wage stagnation, and unemployment.

 

of course in the long run the general pressure is on weakening of the $ and rising inflation... however... remember, "But this long run is a misleading guide to current affairs. In the long run we are all dead." (Keynes).

 

at some point the fact the U.S. economy will no longer be the center of the global economy will have consequences but this shift has very little to do with bad fiscal policy in the U.S. It is more about basic numbers and the sheer economic size of India and China.

 

TL/DL: ask me again in 2120.

 

 

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3 hours ago, centex said:

Very frustrating to hear a segment this AM that borrowing should go full hog right now because "money is cheap" compared to what it might be later if rates increase.  Talking heads must apparently be some of the same people writing credit guidance columns...

deficit hawk rant removed :)

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