PebHmong Discussion Forum
General Category => General Discussion => Topic started by: Dok_Champa on May 24, 2023, 10:52:39 PM
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Ok, I am learning about the US debt ceiling and without raising, many important services we have today will be cut. Raising will increase our debt. My questions is debt to who? Who are we borrowing from? China? International bank?
Ok, I haven't paid much attention but I know it's important :P :P
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The government sell treasury bond
You give your money to uncle sam
and he pay you interest and the money you give him back, When it expire
Many countries buy US TREASURY BOND
And investment firm
Because its safe investment
The reasoning is uncle sam never default on its debt
the US DOLLAR IS STRONG
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Ok, I am learning about the US debt ceiling and without raising, many important services we have today will be cut. Raising will increase our debt. My questions is debt to who? Who are we borrowing from? China? International bank?
Ok, I haven't paid much attention but I know it's important :P :P
US national debt is composed of Treasury Bills, Notes, Bonds, Treasury Inflation-Protected Securities (TIPS), Floating Rate Notes (FRNs), Domestic Series, Foreign Series, State and Local Government Series (SLGS), United States Savings Securities, and a portion of Government Account Series (GAS) securities.
As of 2022, China and Japan own the biggest share of our debt... 8% or nearly $2trillions of the foreign investment. Japan is the single foreign entity that hold the largest debt ($1.1trillions). China is lowering it's ownership, currently sitting at 800+ billions but they are still the second largest ownership. However, foreign investment account for only 34% of the debt. The rest are own by public investors, states, etc etc... What you'll find interesting is that gov't agency in the gov't itself own some of these debts (they are considered intragovernmen tal debt). e.g. The Social Security Trust fund brings in lots of cash... so, they buy these US treasury notes and take on the debt. They in-turn sell these back to the gov't if they need the money to spend - paying out SS retirements to people, etc etc
Basically, the debt is gov't selling these IOU papers and printing money with the proceed from them to spend on their wasteful projects... Mostly giving them to foreign countries.
High debt will result in:
- more gov't money being allocated to pay off the interest rates... projected cost in 2023, the US will spend more to pay off interests then spend it on Medicaid or Social Security Programs. Interests cost the US $450billions+ in 2022 and is project to go over $1.4trillions by 2033.
- more debt means less money to invest in it's own future...
- Rising debt reduces business investment and slows economic growth. It also increases expectations of higher rates of inflation and erosion of confidence in the U.S. dollar.
- high amounts of debt leave policymakers with much less flexibility to deal with unexpected events. If we face another major recession like that of 2007–2009, it will be more difficult to work our way out.
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i don't understand why the GOP want to default
do they want us to all eat dirt or something
see shyt burn to the grow or something
;D ;D ;D
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i don't understand why the GOP want to default
do they want us to all eat dirt or something
see shyt burn to the grow or something
;D ;D ;D
Nobody want to default on these debts... however, this does not mean that we keep raising the debt ceiling year after year. Sooner or later, the piper will come calling... We need to have a responsible federal budget... not just keep selling these IOU and keep raising the debt.
Here's the deal... if the debt ceiling is met... just spend less and cut out all the pork bellies, trim the fat. Why even bother having a ceiling if you keep pushing the spending more and more? Just keep pumping out printed cash more and more and see what happened!!!
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Nobody want to default on these debts... however, this does not mean that we keep raising the debt ceiling year after year. Sooner or later, the piper will come calling... We need to have a responsible federal budget... not just keep selling these IOU and keep raising the debt.
Here's the deal... if the debt ceiling is met... just spend less and cut out all the pork bellies, trim the fat. Why even bother having a ceiling if you keep pushing the spending more and more? Just keep pumping out printed cash more and more and see what happened!!!
Its just how it is man
The money supply has to grow to keep up with the time
Thats just how it work
Why the GOP want to default and watch the USA burn to the ground
Is beyond me
;D ;D
Don’t even want to work with joe biden and the democrat
Sheesh
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Its just how it is man
The money supply has to grow to keep up with the time
Thats just how it work
Why the GOP want to default and watch the USA burn to the ground
Is beyond me
;D ;D
Don’t even want to work with joe biden and the democrat
Sheesh
Have you not been paying attention? The Democrats including Joe Biden, refused to raise the debt limit in 2003, 2005 and 2006... Guess who was President at the time? It's not a Democrat, that's for sure. So, are you saying the Dems want to watch the US burned to the ground then?
It's always been like this... bickering until the very last hour. Each side blaming the other side... Nothing will change and both party isn't going to create a balance budget.
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They have to put on a show
Not paying your debt is never good
Unless you want American to fail
HOW ANTI AMERICAN
;D ;D ;D
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Don’t worry
The jpow and the FED will buy US TREASURY
We have a really strong central banking system
YOU DONT WANT TO BET AGAINST THE UNITED STATES
;D ;D O0 O0
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Or that B & R has won just about every government contracts and people just become millionaires overnight but those contract services and procurement are still waiting to be delivered... :D
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Don’t worry
The jpow and the FED will buy US TREASURY
We have a really strong central banking system
YOU DONT WANT TO BET AGAINST THE UNITED STATES
;D ;D O0 O0
:2funny: :2funny: :2funny: sure, sure, sure...
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:2funny: :2funny: :2funny: sure, sure, sure...
$20 dollars man if they agree to a deal???
Let me know if you want to bet
I will happily take your money
Put your money where your month is
;D ;D
NEVER BET AGAINST UNITED STATES