Will, or should America default on its $31.5 trillion worth of debts?
Debts should be paid.
Side Score: 4
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Nuts to lend us all that money
Side Score: 4
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I predict that the leftists and Wokes such as A.O.C., THE IMBECILE and his loony leftist handlers will opt to kick the can up the road and try to borrow even more. We are at a point of borrowing whereby we can barely afford to pay the interest charges on the borrowing sum never mind reducing the gross debt. People shout for transparency and to be be told the facts, but they can't handle the truth when it's set in front of them. Side: Debts should be paid.
Keep the illegals coming here to our land of MILK AND HONEY, we'll accommodate them, feed them, give them free medical attention and education while telling our citizens to go and yodel up the canyon for their supper. When did the loony leftists start thinking that America was infallible and it was acceptable for them to stigmatize the entire nation with their reckless policies of adopting the dregs of the failed nations of the world? In my books these low-lifes are the worst type of criminal. Side: Debts should be paid.
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Hmmm, I don't think illegals are exploiting us. If anything massive conglomerates are exploiting them. ""You’re talking about people who work for very low wages and are excluded from nearly all social services. It takes a real act of will to say they're exploiting us."" Side: Nuts to lend us all that money
ERP systems tie together a multitude of business processes and enable the flow of data between them. https://softwaretribune.blogspot.com/ Side: Debts should be paid.
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To start to repay our eye-wateringly enormous debt of $ 31.5 trillion we would have to enter into a long period of austerity, increased taxes and reduced public spending including cutting the crippling benefit handout expense. Our time is up, it's either shit or get off the pot. Side: Nuts to lend us all that money
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I agree with the basic premise that we need to increase taxes and cut spending. As for handouts, student debts have reached diminishing marginal returns. "The Federal Reserve Bank of St. Louis noted in 2019 that investment in higher education has reached a point of diminishing marginal returns." By continuing to lend to students we are creating a moral hazard situation. Without revealing too much about myself, I know people who have graduated from college and regretted ever attending. They felt mislead, moral hazard by college admissions staff. As for increased taxes, we need to close tax loopholes that let the ultra rich get richer. Taxing the rich is incredibly difficult and probably won't pass though. https://www.npr.org/2021/11/13/ That's why I ask tax who? Side: Nuts to lend us all that money
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We could really use more undocumented Americans to help with the national debt crisis. "Research shows that undocumented immigrants increase the size of the U.S. economy/contribute to economic growth, enhance the welfare of natives, contribute more in tax revenue than they collect, reduce American firms' incentives to offshore jobs and import foreign-produced goods, and benefit consumers by reducing the prices of goods and services." Side: Nuts to lend us all that money
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