Scary as bleep.KorbinDallas said:
When did conservatives quit caring about a balanced budget or solving the deficit? That was one of the major standards in the republican platform I used to subscribe to. It's all a bunch of talk these days, no action.
Quote:
Treasury sees $2 trillion in borrowing over the rest of the year
The U.S. Treasury Department said Monday it expects to borrow $2 trillion over the rest of the year as the federal government's takes on debt to finance the response to the coronavirus pandemic.
In the third quarter, the Treasury now expects to borrow $947 billion in net marketable debt. That is $270 billion higher than estimated in May. The department assumes a cash balance of $800 billion.
Looking ahead to the fourth quarter, Treasury said it expects to borrow $1.2 trillion in net marketable debt with a cash balance maintained at $800 billion.
We need to build better alliances with all english speaking countries and Russia. UK, Australia, rest of western Europe + Russia. Russia shares most of our western values (family, markets, Christian).titan said:Correct. There are a couple of other possibilities--- a new American one that after breaking up and a "healthy Americanism" section created, basically cutting off the Marxist part; that really strengthens ties with India, Japan and non China parts of East like Singapore and Philippines (this is the preferred `Byzantine' scenario),YouBet said:
Probably cyclical. We are on the backside of the decline of the current global empire. We got lazy and entitled.
Just have to hope next empire is not China.
A Russia-Euro alliance rather than rivalry --- could shore up much---Russia has the nukes to keep China at bay and Europe could give them considerable infrastructure. Especially if they also get India aboard.
South America continues to be an unknown potential, but probably not the inclination to be the new world hegemony.
We literally have nowhere to go. All parties love printing money and spending it on their pet projects.KorbinDallas said:
When did conservatives quit caring about a balanced budget or solving the deficit? That was one of the major standards in the republican platform I used to subscribe to. It's all a bunch of talk these days, no action.
