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Here's who will pay for America's $35T debt 

Yahoo Finance
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The US national debt has ballooned to $35 trillion, but how much of this burden will be eased by US taxpayers? Yahoo Finance Senior Columnist Rick Newman explains how the US can pay down its $35 trillion debt.
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7 июл 2024

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Комментарии : 201   
@chetank8337
@chetank8337 13 дней назад
Taxpayer's will pay for America's $35T debt
@JohnDoe-lc9yj
@JohnDoe-lc9yj 13 дней назад
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
@damonkatos4271 13 дней назад
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
@SigFigNewton 13 дней назад
Hopefully the people who have almost all of the money. Multimillionaires and billionaires
@SigFigNewton
@SigFigNewton 13 дней назад
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
@IdoCareForPeople 12 дней назад
@@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....
@DxModel219
@DxModel219 12 дней назад
. cut social security and not military? cut medicare and not government workforce? dude is clueless
@Ek0
@Ek0 12 дней назад
Old people have enough money is the point.
@grimaffiliations3671
@grimaffiliations3671 11 дней назад
@@Ek0 no cuts necessary
@rainbowsixODST
@rainbowsixODST 11 дней назад
@@Ek0Many millions do not though. Many rely on social security to survive.
@AKAAAK
@AKAAAK 13 дней назад
Luckily I won't be in this country when this shitshow happens.
@stevem9628
@stevem9628 12 дней назад
bye
@AKAAAK
@AKAAAK 12 дней назад
@@stevem9628 👋 enjoy your taxes and high cost of living.
@stevem9628
@stevem9628 12 дней назад
@@AKAAAK thanks I will, please leave now so we don't have do hear your opinion. Bye.
@AKAAAK
@AKAAAK 12 дней назад
@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
@Mark-nx7mr 12 дней назад
Next week ?
@user333-us4qz
@user333-us4qz 12 дней назад
US Will never pay back that huge debt 🤣 Never ! Its not possible !
@loumarich3562
@loumarich3562 12 дней назад
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
@danishhussain8046 12 дней назад
@@loumarich3562 Israel is also eating US tax payers money since 1948
@alexander9188
@alexander9188 11 дней назад
@@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
@loumarich3562 11 дней назад
🤷🏻‍♂️ I just work here…
@veritas3179
@veritas3179 13 дней назад
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
@kinpatu
@kinpatu 13 дней назад
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
@grimaffiliations3671 11 дней назад
learn what hyperinflation is
@TUZKGaming
@TUZKGaming 13 дней назад
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.
@LuckysMotorcycles
@LuckysMotorcycles 13 дней назад
Buy yourself some gold and silver as protection
@kylebeaton5604
@kylebeaton5604 12 дней назад
Gold yes , if your adjust for inflation silver is negative money since over the longterm.
@NooeeeNNN
@NooeeeNNN 12 дней назад
@@kylebeaton5604 wrong silver has kept up with inflation in the long term.
@kylebeaton5604
@kylebeaton5604 12 дней назад
@@NooeeeNNN silver was about $20 in 1950 , inflation has gone up by 3.8% per year 900% compounded. That's a huge loss.
@NooeeeNNN
@NooeeeNNN 11 дней назад
@@kylebeaton5604 what are you talking about the price of silver in 1955 was $0.91??!
@kylebeaton5604
@kylebeaton5604 11 дней назад
@@NooeeeNNN what 900* 0.91
@xiphoid2011
@xiphoid2011 13 дней назад
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
@JohnDoe-lc9yj 13 дней назад
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
@TrevForPresident 12 дней назад
@@JohnDoe-lc9yjif only he could’ve stopped ACA
@JohnDoe-lc9yj
@JohnDoe-lc9yj 12 дней назад
@@TrevForPresident McConnell repeatedly tried to stop the ACA, but decided tax cuts for billionaires was more important.
@theYoutubeHandle
@theYoutubeHandle 13 дней назад
vote for me and mexico will pay for it. Make america solvent again.
@tonylinardi3089
@tonylinardi3089 13 дней назад
If you have savings, you will pay. This fits the you will have nothing and like it narrative.
@juancdeliotejr5443
@juancdeliotejr5443 13 дней назад
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
@stever792 13 дней назад
@@juancdeliotejr5443 that is a whole other mechanism of it
@johnmills9360
@johnmills9360 12 дней назад
I don't think Yahoo understands the situation
@samsmith3968
@samsmith3968 13 дней назад
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
@grimaffiliations3671 11 дней назад
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.
@AnthonyMoore-rd7yv
@AnthonyMoore-rd7yv 13 дней назад
To late for that.
@kyungshim6483
@kyungshim6483 13 дней назад
Diversify geographically. Both Canada and Australia have 1/2 the central government debt to gdp ratio of the US.
@tads73
@tads73 12 дней назад
When future obligations are considered, the debt is $150 trillion.
@lserranov
@lserranov 13 часов назад
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
@anthonytracey4545
@anthonytracey4545 8 дней назад
Cut government pay, benefits, and jobs that are not needed
@peterbedford2610
@peterbedford2610 12 дней назад
Seen inflation for the last 3 years?? That's who is paying
@grimaffiliations3671
@grimaffiliations3671 11 дней назад
its only been falling while the debt has only been rising
@metalgirl
@metalgirl 13 дней назад
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!!!
@JohnSmith-t7g
@JohnSmith-t7g 10 дней назад
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.
@2MANYCARS
@2MANYCARS 12 дней назад
Not me, I take every possible way, to avoid such bullshit burden!
@Tony-yl1rb
@Tony-yl1rb 11 дней назад
Politicians should pay WTF
@Steve12891
@Steve12891 12 дней назад
The debt will be inflated away
@user-tx9zg5mz5p
@user-tx9zg5mz5p 12 дней назад
No one will. Dept is great!
@deana5277
@deana5277 12 дней назад
35T PLUS all that interest!
@teckmenglee8060
@teckmenglee8060 11 дней назад
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.
@Sparta1993
@Sparta1993 12 дней назад
Your grandkids will pay. Not with money, but they will have. Terrible lifestyle
@grimaffiliations3671
@grimaffiliations3671 11 дней назад
thats what they said about all the spending in ww2, but the following generation thrived
@benlin3203
@benlin3203 8 дней назад
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.
@silversurfergw
@silversurfergw 10 дней назад
US is just going to kick the chessboard.
@grimaffiliations3671
@grimaffiliations3671 11 дней назад
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.
@cyrusw5f7
@cyrusw5f7 13 дней назад
XAI94X will change the crypto game forever! 🌍
@Kingoffical855
@Kingoffical855 13 дней назад
my portfolio: BTC, ETH and XAI
@ShubhamRajput-ct7um
@ShubhamRajput-ct7um 13 дней назад
lets PUMP this to the sky guys!!
@savitasavita5084
@savitasavita5084 13 дней назад
It is funny that not everyone knows about XAI
@user-um7vb9hn1s
@user-um7vb9hn1s 13 дней назад
I am also XAI Holders 🚀
@PunyaSagar-ry4pj
@PunyaSagar-ry4pj 13 дней назад
I've heard lots of people from X and Facebook talking about this one
@Mike-es2yg
@Mike-es2yg 12 дней назад
"Make sure the auctions go smoothly "..
@philschiavone101
@philschiavone101 11 дней назад
No one. The whole world just gets crushed and we all loose benefits.
@marietaylor5174
@marietaylor5174 13 дней назад
Politicians aren't going to touch Social Security because they value their jobs!!
@BalachandarSrinivasan
@BalachandarSrinivasan 13 дней назад
8133 tons of gold reserves , hi-tech knowledge , oil and some nation building serving attitude, can put things back in shape in time .
@23zchris
@23zchris 11 дней назад
It's a wealth/income transfer from tax payers to bondholders. Debt control can be done with re-enacted budget while economy grows.
@benlin3203
@benlin3203 8 дней назад
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.
@lserranov
@lserranov 13 часов назад
As always, middle class will pay the most
@briaf3370
@briaf3370 12 дней назад
Interest rates wont go up in the Future. Govt debt has already approached the military budget.
@briaf3370
@briaf3370 12 дней назад
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
@grimaffiliations3671 11 дней назад
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.
@LuckysMotorcycles
@LuckysMotorcycles 13 дней назад
When he says it IMPOSSIBLE to pay off the debt …….. that’s bankruptcy
@JohnDoe-lc9yj
@JohnDoe-lc9yj 13 дней назад
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
@grimaffiliations3671 11 дней назад
@@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.
@kevincrean1792
@kevincrean1792 11 дней назад
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….
@yu-jd5jg
@yu-jd5jg 11 дней назад
Fed will have to print an unlimited amount of US$ to pay for US Treasury excessive expenditures and repay US Treasury debts
@onexoxtoo
@onexoxtoo 9 дней назад
More are debt to FED, just write it off. US gov owe themselves money
@tatianastarcic
@tatianastarcic 6 дней назад
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-
@berniceburgos- 6 дней назад
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
@nicolasbenson009 6 дней назад
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-
@BridgetMiller- 6 дней назад
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
@nicolasbenson009 6 дней назад
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
@Michaelparker12 6 дней назад
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
@ace9840
@ace9840 12 дней назад
Nobody. That ship sailed decades ago.
@ChristineCircelli-go2yw
@ChristineCircelli-go2yw 10 дней назад
Every other country in the world that the United States gave money to!
@Doug-sv7or
@Doug-sv7or 3 дня назад
Middle East wars and Israel protection are very expensive.
@KenHubbard-jz1vq
@KenHubbard-jz1vq 12 дней назад
WHO ALWSYS PAYS CERTAINLY NOT THE AMERICAN CZARS
@ianthesiow3013
@ianthesiow3013 12 дней назад
😢🎉😂🎉❤.. 👉🏻👉🏼👉🏽 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
@MENSA.lady2
@MENSA.lady2 11 дней назад
US Taxpayers, Who else ?
@georgegomezgomez4704
@georgegomezgomez4704 11 дней назад
The rest of the world. No jokes.
@googleebabienterprise908
@googleebabienterprise908 11 дней назад
The countries that buying their mf shet bonds!
@Mark-ez2vw
@Mark-ez2vw 12 дней назад
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.
@BrandyHeng007
@BrandyHeng007 13 дней назад
No need to payback....keeping printing and creating conflicts proxy wars, siphon foreign country assets, oils.....😅
@VishnuKalli
@VishnuKalli 8 дней назад
Nothing new, print the funds as usual
@bahrana
@bahrana 11 дней назад
cut military spending and aid to israel
@moneyman24258
@moneyman24258 13 дней назад
Who will pay
@LUCENEASHELD
@LUCENEASHELD 13 дней назад
@moneyman24258 , I think, future children including grandchildren & great grandchildren & beyond, GOD'S willing!
@grimaffiliations3671
@grimaffiliations3671 11 дней назад
the gov
@Justme-xp4rf
@Justme-xp4rf 12 дней назад
😅😅😅. 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
@grimaffiliations3671 11 дней назад
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
@maxcloutier5285 11 дней назад
@@grimaffiliations3671 This can be repeated as many times as you wish, it doesn't refund one cent.
@Calculus1981
@Calculus1981 12 дней назад
Your moms.
@lrs7777
@lrs7777 13 дней назад
Who? Repeal the Trump tax cut for billionaires/millionaires.
@damonkatos4271
@damonkatos4271 13 дней назад
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.
@chessdad182
@chessdad182 13 дней назад
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.
@seymorefact4333
@seymorefact4333 12 дней назад
😭😭$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
@ace9840 12 дней назад
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
@grimaffiliations3671 11 дней назад
@@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
@ace9840 11 дней назад
@@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
@grimaffiliations3671 11 дней назад
@@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
@ace9840 11 дней назад
@@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
@raymonddee1059
@raymonddee1059 11 дней назад
war
@ctiops4151
@ctiops4151 13 дней назад
Russia 😂
@yisroelnissanoff7994
@yisroelnissanoff7994 13 дней назад
In my humble opinion, I believe taxpayers should pay 💰
@bilo6832
@bilo6832 13 дней назад
Remove income cap for paying into SS. Increase the full retirement age.
@metalgirl
@metalgirl 13 дней назад
Why? Are they going to give us more money when we retire because we paid in more?
@bilo6832
@bilo6832 13 дней назад
@@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
@backcountyrpilot 12 дней назад
@@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…….
@-.TS.-
@-.TS.- 13 дней назад
I think everyone should pay 60% comprehensive flat rate tax with no deductions.
@stever792
@stever792 13 дней назад
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
@veritas3179 13 дней назад
Delusional.
@bilo6832
@bilo6832 13 дней назад
He’ll also stop the Ukraine war is a day. 🤥
@metalgirl
@metalgirl 13 дней назад
If Trump is smart, he will put bitcoin on that government balance sheet!!!
@gmv0553
@gmv0553 13 дней назад
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
@damonkatos4271 13 дней назад
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.
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