Manchin Screws 36 million poor and middle class

[AzogtheDefiler]

He obviously does not. Or is too cowardly to admit long term debt can be generational and rob
future generations of their freedom.

EyeBRollin is stupid

 

[g5000]

EyeBRollin, am I economically better off with a house that is paid off or with a 30-year mortgage?

 

[g5000]

View attachment 579081

Federal Reserve Balance Sheet: Factors Affecting Reserve Balances - H.4.1 - July 05, 2024

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

No, it's $5.643 trillion in Treasuries and $2.644 trillion in MBS.

See post 250.

 

[Eric Arthur Blair]

He Be a moron.

 

[EyeBRollin]

Nope. That is precisely right. It’s safety. But safety will decline if we keep going down this road. China is trying to become the global currency. You say “dancing” but you still haven’t answered my questions. Guess they don’t teach manners in Newark.

Nope, you are being imprecise. China being global currency has nothing at all to do with US government debt.

 

[JustAGuy1]

Children don’t “pay off” national debt. That’s a crock of BS.

Really? Tell us then how the Countries debt is paid.

 

[g5000]

Nope, you are being imprecise. China being global currency has nothing at all to do with US government debt.

If the Chinese yuan displaced the US dollar as the world's reserve currency, that would have a huge impact on our debt and our economy as a whole.

 

[EyeBRollin]

EyeBRollin, am I economically better off with a house that is paid off or with a 30-year mortgage?

Government is not analogous to your mortgage.

 

[justoffal]

36 Million Families Face End Of Monthly Child Tax Credit Payments

The program has benefited poor and middle-class households alike. Now it seems doomed.

www.huffpost.com

Of course Republicans did as well.

Not a single one would vote for this bill.

Not Romney. Not Collins. Not Murkowsky

None of them care about working families

Yes they do ... They care about the future of jobs not short changing America with economic blood to money designed to usher in full Marxism.

 

[AzogtheDefiler]

Nope, you are being imprecise. China being global currency has nothing at all to do with US government debt.

Of course it does. If the debt holders feel less secure they may not buy more and may try to sell and if there aren’t buyers…poof. Supply and demand still matter. People want return on their money and safety.

 

[EyeBRollin]

If the Chinese yuan displaced the US dollar as the world's reserve currency, that would have a huge impact on our debt.

No, it would not.

 

[justoffal]

Nope, you are being imprecise. China being global currency has nothing at all to do with US government debt.

WHAT???? Are you nuts?

 

[EyeBRollin]

WHAT???? Are you nuts?

Nope.

 

[Toddsterpatriot]

Toddsterpatriot, you are actually correct.

The last time I checked, the Fed had $2.5 trillion in US Treasuries.

But according to this report, they now have $5.2 trillion: Why the Fed's balance sheet is expected to top $9 trillion after it starts reducing its monthly asset purchases

March 19, 2020 was the last time the Fed had as little as $2.556 trillion

 

[g5000]

Government is not analogous to your mortgage.

You thought it was analogous to the game of Monopoly!

Don't avoid the question. Am I better off out of debt or in debt?

 

[g5000]

March 19, 2020 was the last time the Fed had as little as $2.556 trillion

That's not something I check on a regular basis.

 

[EyeBRollin]

You thought it was analogous to the game of Monopoly!

According to you, players should be paying the bank $200 every time they pass go.

 

[g5000]

No, it would not.

Wow. We are really plumbing the depths of your ignorance today!

 

[Toddsterpatriot]

See post 250.

Yup. Glad to help.

 

[EyeBRollin]

Don't avoid the question. Am I better off out of debt or in debt?

You aren’t a government.