When you think of the government being owned by the rich, this is one of the ways in which that happens.
Donate to the Treasury to help pay down the $36.7T public debt
31–40 of 78 posts
Re: Donate to the Treasury to help pay down the $36.7T public debt
#32Re: Donate to the Treasury to help pay down the $36.7T public debt
#33I donate to Treasury and collect 4% interests rate
Which is still an altruistic thing to do as it will cost you value in real terms. Thank you for your service to the rich.
Re: Donate to the Treasury to help pay down the $36.7T public debt
#34Re: Donate to the Treasury to help pay down the $36.7T public debt
#35Earlier quoted context omitted.
We need an API to block the government from spending more money. It seems like voting for "fiscal conservatives" results in bigger spending.
Why should the we accept the continued downfall of public institutions, which is the ultimate consequence of austerity? The public infratructure shrinks, while the rich get richer, partially from paid bond interesets. And you would just sit there and think, "yea, thats the way"? Do you really think spending and not taxation is the problem? Eg. spending less on education leads to less gullable people, voting for harmf…
>Eg. spending less on education leads to less gullible people...
Assuming the implication is that a well funded state managed education results in a population more resistant to (state?) propaganda; How would this be measured empirically?
Re: Donate to the Treasury to help pay down the $36.7T public debt
#36Earlier quoted context omitted.
I kind of want to donate $0.01, but I think that'll either get me on a list or will have some kind of bug that drains my account. edit: the minimum the form accepts is $5
I tried to donate -$15. It didn't complain about it being a negative number, just that it was lower than the minimum.
Could you underflow the signed value until it was so negative it was > $5?
Re: Donate to the Treasury to help pay down the $36.7T public debt
#37So, extra tax then? Voluntary?
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Re: Donate to the Treasury to help pay down the $36.7T public debt
#38Only $29T is actual meaningful debt. $7.4T is intergovernmental holdings. It's just accounting where one part of the government owes to another. Best way to reduce debt/GDP ratio is just support politics and policies where debt grows slower than economy grows.
The intergovernmental holdings are accounting placeholders representing the Congressional raid on past Social Security surpluses. It's absolutely meaningful because those obligations are coming due as the program runs increasingly in the red. As legal obligations, they aren't binding the way public debt is, but current Social Security retirees have been promised these funds, and the government is already borrowing mo…
I’m old. They’ve been saying this for 30-40 years. It’s bullshit. We finance social security out of current revenue and always have. If the economy shrinks that creates problems if it grows that does not.
Re: Donate to the Treasury to help pay down the $36.7T public debt
#39They should monetize that kompromat with an onlyfans.
Re: Donate to the Treasury to help pay down the $36.7T public debt
#40Why? Until congress is willing to pass a balanced budget this is just lightning your own money on fire.
If one thinks that more government is the solution to all problems, a painfully common modern view, then the most utility available from $1 one owns is handing that $1 directly to the government.
In practice, no one donates like this with their own money. They just vote for the government to take incremental money from others via ever more taxation.