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Current Events & Hot Topics Current Events & Hot Topics

The one thing NOBODY seems to want to talk about

Posted by on Oct. 17, 2013 at 7:25 AM
  • 192 Replies

Our debt is fast approaching

17 trillion

Minnow Slayer

by on Oct. 17, 2013 at 7:25 AM
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Replies (1-10):
kaylamom2004
by Bronze Member on Oct. 17, 2013 at 7:41 AM
1 mom liked this

TONS of people are thinking about it & discussing it! Thank Obama!

tanyainmizzou
by on Oct. 17, 2013 at 7:46 AM
2 moms liked this

We just have to tax more.   Then it magically goes away and 47% of the country don't have to pay federal taxes.

LauraKW
by "Dude!" on Oct. 17, 2013 at 7:49 AM
38 moms liked this
Two words: Corporate subsidies. People have been conditioned to look immediately at the "lazy" poor. We let the smoke and mirrors distract us from the real issues.
Farmlady09
by Silver Member on Oct. 17, 2013 at 7:55 AM
10 moms liked this

Our actual debt is closer to $70 trillion ~ and every single paper bill in our wallets, banks, etc. is not money ... it's a promissary note that has to be repaid. It's debt. We actually spend debt instead of money because our treasury is empty. There is no gold to back it. The Federal Reserve is not in any way affiliated with the US government ... it's just an entity that the US was sold out to, and we owe more than ever be repaid. Every single time more 'money' is printed, the debt goes up.

The only real issue that people should be paying attention to is that the US dollar is now being shunned in world markets and is anticipated to crash very soon. No other issue will matter when that happens ~ but the people living in the US can't seem to grasp this. Maybe because there is no way to fix it, and what will happen (same as when Britain lost their reserve status) is so mind-boggling, but people seem content to ignore the facts and just keep on spending/building more debt.

rfurlongg
by on Oct. 17, 2013 at 7:59 AM
6 moms liked this
Indeed. Additionally, closing the govt added 24 billion $$ to the debt according to the S&P.

Quoting LauraKW:

Two words: Corporate subsidies. People have been conditioned to look immediately at the "lazy" poor. We let the smoke and mirrors distract us from the real issues.
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PrimmednPunked
by Bronze Member on Oct. 17, 2013 at 8:09 AM
10 moms liked this

You do realize that Obama is not the main cause of the debt.  Many, many, many Presidents before him contributed to that debt.  

Quoting kaylamom2004:

TONS of people are thinking about it & discussing it! Thank Obama!


smalltowngal
by Platinum Member on Oct. 17, 2013 at 8:17 AM



Quoting tanyainmizzou:

We just have to tax more.   Then it magically goes away and 47% of the country don't have to pay federal taxes.

We haven't gotten our taxes down to 0 yet but have paid less than 2%. It probably would have been 0% if I would have itemized what I gave to the church for their garage sale. Not too bad considering we don't qualify for EITC. 




tanyainmizzou
by on Oct. 17, 2013 at 8:20 AM

terrific


we don't approach that.

Quoting smalltowngal:



Quoting tanyainmizzou:

We just have to tax more.   Then it magically goes away and 47% of the country don't have to pay federal taxes.

We haven't gotten our taxes down to 0 yet but have paid less than 2%. It probably would have been 0% if I would have itemized what I gave to the church for their garage sale. Not too bad considering we don't qualify for EITC. 





LNLMommy
by Queen K on Oct. 17, 2013 at 8:22 AM
3 moms liked this

Thank you so much for pointing this out! It's almost inevitable that the poor will get blamed for the debt situation when what we spend in social programs is so minuscule compared to other areas.

Quoting LauraKW:

Two words: Corporate subsidies. People have been conditioned to look immediately at the "lazy" poor. We let the smoke and mirrors distract us from the real issues.


smalltowngal
by Platinum Member on Oct. 17, 2013 at 8:25 AM

Well, that's what good accountants are for. Right? 

Quoting tanyainmizzou:

terrific


we don't approach that.

Quoting smalltowngal:



Quoting tanyainmizzou:

We just have to tax more.   Then it magically goes away and 47% of the country don't have to pay federal taxes.

We haven't gotten our taxes down to 0 yet but have paid less than 2%. It probably would have been 0% if I would have itemized what I gave to the church for their garage sale. Not too bad considering we don't qualify for EITC. 







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