Can the U.S. declare bankruptcy?

Discussion in 'Economics' started by kmiklas, Jun 4, 2021.

  1. piezoe

    piezoe

    It's sickening to realize how this clown, Donald Trump, ripped of the American People. The people and the check are real. Did it get credited to Treasury's General Account at the Fed? Who knows? Other Presidents have donated their salaries to charities. Trump is the only one who has claimed he donated his to the government. Maybe he did. The press seems to think so. If so, did Trump try to deduct his "contribution". The U.S. government is not a qualified charity. I hope he paid the gift tax. If not, he needs to go to jail. Actually he needs to be locked up in a dog kennel with the lights on 24-7 with only a porta- potty and no soap. Maybe some dogged reporter can get to the truth through FOIA.
     
    Last edited: Jun 6, 2021
    #41     Jun 5, 2021
  2. This sounds like a lot of fun. I hope it happens.
     
    #42     Jun 6, 2021
    TimtheEnchanter likes this.

  3. The press HATES Trump, so if they say it happened......I would believe it because there is no way they would give credit for it otherwise.

    Then there is that bit that it no longer matters, and you people need to move past it. Biden is going to be a fucking disaster. Focus on where the puck is going, not where it has been.
     
    #43     Jun 6, 2021
    TimtheEnchanter likes this.
  4. piezoe

    piezoe

    I'm a former hockey player, and I very much like were the puck is going. You'll be on the wrong side of the rink, and the puck will come to me.
     
    #44     Jun 6, 2021
  5. You have been hit by a puck in the head, way too many times, Tovarish.
     
    #45     Jun 6, 2021
  6. piezoe

    piezoe

    Ha ha ha. But I still have my two front teeth. Though they got loosened up by whacks in the mouth many times , I never lost them.
     
    #46     Jun 6, 2021
  7. virtusa

    virtusa

    Most Americans don't seem to understand that the US cannot go broke as the US is in reality the American population. If a country goes broke, the population goes broke.
     
    #47     Jun 6, 2021
  8. virtusa

    virtusa

    Putin paid Trump enough for his services. So Trump didn't need that salary as President.
     
    #48     Jun 6, 2021
    Cuddles and piezoe like this.
  9. They are going to pay it back in useless dollars.
    Meaning that, people who depend on the value of the USD (bond holders, Sos security recipients, etc ), are going to have no purchasing power on the dollars remitted to them.
    It is called inflation.
    If you don't see it already, you don't get out enough.
     
    #49     Jun 6, 2021
  10. We actually did declare bankruptcy during the Great Depression under FDR, so there's a precedent for it.

    We COULD do it now but it wouldn't make any sense. In fact, doing so would be denying the real root of the monetary issue(s).
     
    #50     Jun 6, 2021