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madmadworld
The Official TV Watcher
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madmadworld
The Official TV Watcher
Media Research Center finds 92% negative coverage of Trump in first 100 days
A recent analysis by the Media Research Center has revealed that 92% of the major network media coverage of President Donald Trump during his first 100 days in
abc3340.com
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madmadworld
The Official TV Watcher
forward to 16:00.......... rumble ?
Greer says: It's a plan to fix the American economy. greater share of mfg as GDP wages up
to produce things instead of having an economy that's financed by the government.
This is the key
produce things instead of having an economy that's financed by the government.
This has been going on for 25 years now at 32 trillion dollars.
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madmadworld
The Official TV Watcher
nickers
Nick@Nite
He slept through his entire administration... Except for the very few pressers he had.. What were like what.. Maybe 10 in a 4 year span or less?
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madmadworld
The Official TV Watcher
Rick and Morty is back for its eighth season.
S8 E1 · Summer of All Fears
Premiere Adult Swim
8pm ET May 25, 2025
S8 E1 · Summer of All Fears
Premiere Adult Swim
8pm ET May 25, 2025
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madmadworld
The Official TV Watcher
The United States is insolvent, not bankrupt - yet
Les Rubin
The United States is insolvent. That’s not hyperbole, it’s a financial fact. We’re not bankrupt, at least not yet, and there’s a big difference between the two. Insolvency is when you can’t pay your bills when they’re due. When you can’t pay your bills and you can’t borrow the money to cover them, then you are bankrupt.
Today, America is insolvent — it cannot meet its obligations through revenue alone. We avoid default and bankruptcy because investors still lend to us. In short, we are living on a credit card. As long as that card swipes, the music plays. If it ever declines, the party will end, and with it, the fiscal stability of the world’s largest economy.
Let’s look at the numbers. Last year, the government had total obligations of $15 trillion. About $7 trillion went to fund government operations (everything from the military to social programs), and $8 trillion was required to pay maturing debts. The bad news is that revenue was only $5 trillion.
The result is a staggering $10 trillion shortfall. $2 trillion to cover the operating deficit and $8 trillion to repay maturing debt. We filled the gap by borrowing $10 trillion in additional debt last year. That’s insolvency, plain and simple. And it’s unsustainable. Our government says so in its annual report.
This isn’t a partisan talking point or ideological position; it is the facts. Our government operates a legal Ponzi scheme in which new borrowing pays off old debt. What happens when investors lose confidence and stop lending? How would we cover a $10 trillion shortfall? The truth is chilling. If we lose our ability to borrow, we face three terrible options:
Option one: Raise taxes dramatically. Not just on the wealthy but on everyone. Trying to raise $10 trillion annually through taxation is impossible. It would destroy the economy and yield little in taxes. It’s fantasy.
Option two: Print money to cover the shortfall. That’s the path to hyperinflation and economic devastation, as history has repeatedly shown us, from Weimar Germany to Zimbabwe to, more recently, Venezuela.
Option three: Default on the debt. That would instantly erase the value of $37 trillion in U.S. obligations, bankrupting many people and companies, devastating global markets, wrecking retirements, and triggering a severe depression, or worse.
The Congressional Budget Office, the government’s nonpartisan scorekeeper, projects multi-trillion-dollar deficits every year into the foreseeable future. Our national debt of $37 trillion exceeds 125 percent of GDP, and it’s projected to go to over 200 percent in the coming decades. That will lead to economic collapse, as with every other advanced civilization.
Still, no one in Washington is hitting the brakes. Politicians on both sides keep promising more, borrowing more, and kicking the can down the road. Why? Because voters reward short-term benefits, not long-term discipline. Elected officials are focused on the next election, not the next generation.
In the private sector, a lender’s first question is: How will you pay me back? The answer is no deal if the borrower doesn’t have a plan.
In the public sector, the calculus is different. Investors lend to governments even though there is no surplus to repay the debt. Why? In theory, governments can tax, or print, money.
As time passes, debt service becomes more expensive. Every additional dollar of borrowing digs the hole deeper, faster. “When you are in a hole, stop digging.” When will we stop digging and making the hole deeper?
History tells us where this ends. Civilizations don’t always collapse from military defeat or foreign invasion; they collapse from within when their fiscal foundation crumbles. Rome, France and Britain each failed financially before they failed geopolitically.
We still have time to reverse course. It starts with education. Citizens must understand the gravity of our situation. Then, they must demand change. Not slogans, not scapegoats, but real solutions. That means entitlement reform, serious spending discipline, and, yes, shared sacrifice. If we do not endure minor pain now, the future pain will be intolerable.
At Main Street Economics, we boil this down to four simple words: Listen. Learn. Think. Act. The future of our republic depends on us. As the late senator Everett Dirkson once quipped, “politicians see the light when they feel the heat.” If voters don’t speak up, politicians will keep delivering insolvency with a smile — until disaster strikes.
Do we want to turn over to our kids and grandkids a bankrupt country? That is unconscionable and immoral. Shame on us if we let that happen.
We are not bankrupt. Not yet. But we are insolvent. And time is running out.
www.tampabay.com
Les Rubin
The United States is insolvent. That’s not hyperbole, it’s a financial fact. We’re not bankrupt, at least not yet, and there’s a big difference between the two. Insolvency is when you can’t pay your bills when they’re due. When you can’t pay your bills and you can’t borrow the money to cover them, then you are bankrupt.
Today, America is insolvent — it cannot meet its obligations through revenue alone. We avoid default and bankruptcy because investors still lend to us. In short, we are living on a credit card. As long as that card swipes, the music plays. If it ever declines, the party will end, and with it, the fiscal stability of the world’s largest economy.
Let’s look at the numbers. Last year, the government had total obligations of $15 trillion. About $7 trillion went to fund government operations (everything from the military to social programs), and $8 trillion was required to pay maturing debts. The bad news is that revenue was only $5 trillion.
The result is a staggering $10 trillion shortfall. $2 trillion to cover the operating deficit and $8 trillion to repay maturing debt. We filled the gap by borrowing $10 trillion in additional debt last year. That’s insolvency, plain and simple. And it’s unsustainable. Our government says so in its annual report.
This isn’t a partisan talking point or ideological position; it is the facts. Our government operates a legal Ponzi scheme in which new borrowing pays off old debt. What happens when investors lose confidence and stop lending? How would we cover a $10 trillion shortfall? The truth is chilling. If we lose our ability to borrow, we face three terrible options:
Option one: Raise taxes dramatically. Not just on the wealthy but on everyone. Trying to raise $10 trillion annually through taxation is impossible. It would destroy the economy and yield little in taxes. It’s fantasy.
Option two: Print money to cover the shortfall. That’s the path to hyperinflation and economic devastation, as history has repeatedly shown us, from Weimar Germany to Zimbabwe to, more recently, Venezuela.
Option three: Default on the debt. That would instantly erase the value of $37 trillion in U.S. obligations, bankrupting many people and companies, devastating global markets, wrecking retirements, and triggering a severe depression, or worse.
The Congressional Budget Office, the government’s nonpartisan scorekeeper, projects multi-trillion-dollar deficits every year into the foreseeable future. Our national debt of $37 trillion exceeds 125 percent of GDP, and it’s projected to go to over 200 percent in the coming decades. That will lead to economic collapse, as with every other advanced civilization.
Still, no one in Washington is hitting the brakes. Politicians on both sides keep promising more, borrowing more, and kicking the can down the road. Why? Because voters reward short-term benefits, not long-term discipline. Elected officials are focused on the next election, not the next generation.
In the private sector, a lender’s first question is: How will you pay me back? The answer is no deal if the borrower doesn’t have a plan.
In the public sector, the calculus is different. Investors lend to governments even though there is no surplus to repay the debt. Why? In theory, governments can tax, or print, money.
As time passes, debt service becomes more expensive. Every additional dollar of borrowing digs the hole deeper, faster. “When you are in a hole, stop digging.” When will we stop digging and making the hole deeper?
History tells us where this ends. Civilizations don’t always collapse from military defeat or foreign invasion; they collapse from within when their fiscal foundation crumbles. Rome, France and Britain each failed financially before they failed geopolitically.
We still have time to reverse course. It starts with education. Citizens must understand the gravity of our situation. Then, they must demand change. Not slogans, not scapegoats, but real solutions. That means entitlement reform, serious spending discipline, and, yes, shared sacrifice. If we do not endure minor pain now, the future pain will be intolerable.
At Main Street Economics, we boil this down to four simple words: Listen. Learn. Think. Act. The future of our republic depends on us. As the late senator Everett Dirkson once quipped, “politicians see the light when they feel the heat.” If voters don’t speak up, politicians will keep delivering insolvency with a smile — until disaster strikes.
Do we want to turn over to our kids and grandkids a bankrupt country? That is unconscionable and immoral. Shame on us if we let that happen.
We are not bankrupt. Not yet. But we are insolvent. And time is running out.
The United States is insolvent, not bankrupt - yet | Column
This isn’t a partisan talking point or ideological position; it is the facts
www.tampabay.com
jaydog
Football God
Most of us realize that. We are heading into a period of austerity sooner than later and if we continue not ever balancing the budget, austerity will be much more severe.
It's time to pay for all the BS wars, BS grants, worldwide trade deficits and corruption. Tariffs help offset We the People being the sole persons having to pay for it. Abolishing property taxes helps people keep their property throughout austerity instead of having to sell to the Establishment just to live.
I brought that last one up on account of a group in Ohio is trying to get 600,000 signatures to abolish state property taxes here. Where do I sign up for that, by God?!! In the breath the MSM questions out loud, "Well how will we pay for police & fire & education?" DA's!! All of them who ask that stupid question. A tax on corporate entities. A tax on purchases over say $300,000.00. A tax on profits of over x amount. It's so easy.
It's time to pay for all the BS wars, BS grants, worldwide trade deficits and corruption. Tariffs help offset We the People being the sole persons having to pay for it. Abolishing property taxes helps people keep their property throughout austerity instead of having to sell to the Establishment just to live.
I brought that last one up on account of a group in Ohio is trying to get 600,000 signatures to abolish state property taxes here. Where do I sign up for that, by God?!! In the breath the MSM questions out loud, "Well how will we pay for police & fire & education?" DA's!! All of them who ask that stupid question. A tax on corporate entities. A tax on purchases over say $300,000.00. A tax on profits of over x amount. It's so easy.
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madmadworld
The Official TV Watcher
What does that mean ?
Can't do it. it would further drive capital outside a state/country. just put your local Gov on a diet if need be.
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madmadworld
The Official TV Watcher
Nearly everything needs cuts. no growth. sell assets. balanced budget within 10 years. is the short of it.
The only workable plan I've seen is to sell some of them off to ONLY pay off this debt. I seen this plan at around 20 trillion.
The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).
The only workable plan I've seen is to sell some of them off to ONLY pay off this debt. I seen this plan at around 20 trillion.
The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).
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madmadworld
The Official TV Watcher
You see them now moving from states to states. then there's all that made in China & elsewhere. Capital moving.
Trump trying to get it back. good luck to him we hope.
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madmadworld
The Official TV Watcher
What do you want Jay ?
Just like you others want lower taxes. lower costs.
I have no fear. well not in these conversations.
Rent controls are just crap, proven over and over. still doesn't stop the lefties doing it.
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