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My husband and I went to lunch yesterday at one of our - favorite places, talking with the

Posted: Oct 13th, 2021 - 6:04 am In Reply to: DEBT CEILING ANALOGY - Maybe this helps with understanding.

female bartender we know, she’s about 20-21 years old...

We were telling her anyone in her age group has never experienced anything we are going thru and it will only get worse....

She had no idea about the gas rationing we had under Jimmy Carter...

She had no idea about the misery index in those years, the unemployment rate added to the inflation at one time was over 20% when Carter was POTUS....

I think we are heading for a time that will be much worse than under Carter..

You have China inflicting one body blow to our economy after another, Covid, shipping issues, threats of military action against Taiwan, etc.....

You have a pandemic with government trying to force people to take a shot against their will

You have deep divisions in our country

You have a Federal Reserve printing money so fast they can’t keep up with it..

You have Democrats pushing an insane Green New Deal agenda..which is creating energy shortages..

In the 1970’s we didn’t face nearly the number issues we are experiencing now....

Add it all up and you have a potential depression with runaway inflation....

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DEBT CEILING ANALOGY - Maybe this helps with understanding. (Views: 928, 2021-10-11, 11:00 am)
- Now add on interest to that. The oligarchs/controlling - authority will throw the middle class (Views: 413, 2021-10-11, 12:54 pm)
- It's like getting your credit limit raised so you can borrow - even more money, to continue (Views: 422, 2021-10-11, 12:56 pm)
- The national debt is something like 28 TRILLION and climbing. - Very good explanation of the magnitude (Views: 427, 2021-10-11, 1:00 pm)
  - We are heading down that road to Argentina. - SM (Views: 469, 2021-10-11, 1:05 pm)
    - Or Venezuela North. - nm (Views: 440, 2021-10-11, 4:31 pm)
- Both the debt and sewage analogies are good except instead - of a credit card, it’s more like a mortgage. (Views: 550, 2021-10-11, 1:05 pm)
- Explaining the Social Security Trust Fund - sm (Views: 842, 2021-10-11, 1:08 pm)
- Here’s a simpler explanation…60% of households pay - no income taxes, so they don’t care. (Views: 549, 2021-10-11, 2:38 pm)
  - So true...and IF they even bother to vote - that same attitude (Views: 491, 2021-10-11, 6:59 pm)
- Lesson #1 response - No one in particular (Views: 557, 2021-10-12, 8:09 am)
  - You are missing the point, as well as trying to blame - the previous President. Also, (Views: 637, 2021-10-12, 11:44 am)
  - This is part of the problem. Big Government has become - Big Nanny Government, for votes. (Views: 368, 2021-10-12, 12:39 pm)
  - Biden has spent more in 2021 than the previous two years - combined. (Views: 405, 2021-10-13, 5:18 am)
- My husband and I went to lunch yesterday at one of our - favorite places, talking with the
  - Some people (Dims) are so blind to reality. - They still have TDS. (Views: 504, 2021-10-13, 1:39 pm)