Can the national debt of the USA be paid off in one year?

Discussion in 'Opinion POLLS' started by DennisTate, Nov 7, 2020.

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Can the national debt of the USA be paid off in one year?

  1. No

    41 vote(s)
    85.4%
  2. Yes

    4 vote(s)
    8.3%
  3. No.. it will take seven years and Ezekiel chapters forty to forty eight must be prepared for.

    2 vote(s)
    4.2%
  4. By this do you mean that the national debt of the USA is partly a practical joke???????

    1 vote(s)
    2.1%
  1. DennisTate

    DennisTate Well-Known Member Past Donor

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    I believe that it can and.....

    I have a theory on how the USA national debt could very simply be paid off
    and I can think of several individuals who already have groups behind them who
    are in a unique position to pull this off......
    For example... President Russell Nelson of the Latter day Saints has fifty thousand
    zealous young Mormons even now during a COVID 19 pandemic reaching out to
    the lost to the best of their ability.......

    and his church could scratch up somewhere around a hundred billion dollars if they ran into a potential
    investment that he and the twelve prophetic leaders of the LDS movement agreed upon.

    There are about sixteen million Mormons on this earth so I believe that a brilliant statement
    made by Moses applies to them in a special way:

    If the Latter day Saints were to create a new currency entitled perhaps the "Latter day Saint Volunteerism Hour" they could use it to pay off the national debt of the USA.... and even finance the artistic fulfillment of everything written by Moses........ for as many aspiring Noahide actors and actresses willing to take a step toward Judaism.......

    President Nelson..... the population of Latter day Saints have reached the critical mass making the fulfillment of the "White Horse President Prophecy" possible...... .but it may be wiser to approach this from the angle of "The White Horse First Lady"......


    "And the LORD came down to see the city and the tower, which the children of men builded.
    And the LORD said, Behold, the people is one, and they have all one language; and this they begin to do: and now nothing will be restrained from them, which they have imagined to do." (Genesis 11)

    Ecclesiastes 10:19
    "A feast is made for laughter, and wine maketh merry: but money answereth all things. "

    Could it be possible for money to answer.......ALL modern world problems???????????!


    https://www.facebook.com/ThirdHour.org/posts/10158665972822954
     
    Last edited: Nov 7, 2020
  2. DennisTate

    DennisTate Well-Known Member Past Donor

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    Dr. Kevin Zadai, Prayer Secrets Level 1, Warrior Notes School of Ministry, lesson 4 :
    My wife is an amazingly gifted Pentecostal woman from Ecuador who hears from Jesus regularly......
    Jesus even told her that I would be her husband five months before we met face to face......
    I've read and re-read three books by Pastor Rick Joyner entitled "The Final Quest", the Torch and the Sword and The Call in order to better understand the type of spiritual Christian psychic gifts that my wife has and in 2020 I already completed fourteen online courses by near death experiencer Dr. Kevin Zadai in order to better comprehend how my wife can hear from Jesus so clearly???????

     
  3. DennisTate

    DennisTate Well-Known Member Past Donor

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    Here is a statement that I first read, (I think it was back in 1994), that caused all the economics courses that I had taken to take on a whole new light.

    https://www.michaeljournal.org/articles/politics/item/abraham-lincoln-and-john-f-kennedy

    Here is a similar and I believe related statement:



    Alain Pilote:


    The fact that our swamp uses numbers vastly less complicated than is the case in Washington...... we Canadians have an edge over Americans when it comes to seeing what is actually important in all of this.....


    Can we learn about the Washington Swamp from the Ottawa Swamp?



    Here are the statistics for deaths among African Americans since 1973:
    Abortion............15.5 million
    Heart disease.....2,715, 416
    Cancer ...............2,568,040
    Accidents ..............447,803
    Violent crimes .......354,392
    AIDS .....................245,322
     
    Last edited: Nov 7, 2020
  4. DennisTate

    DennisTate Well-Known Member Past Donor

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    Ms. Betty Krawczyk has written one of the most brilliant and also easy to understand articles on what happened here in Canada related to all of this.

    https://bettysearlyedition.blogspot.com/2015/07/how-pierre-trudeau-turned-us-into-debt.html

    Betty Krawczyk:
    One of the questions that I would love to get Ms. Betty Krawczyk's response to would be : "What is the effect of compound interest over time on the actual supply of money in the Canadian economy during the time period of 1938 to 1974? I am of course referring to the two general methods of money creation during that time period.
     
    Last edited: Nov 7, 2020
  5. DennisTate

    DennisTate Well-Known Member Past Donor

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  6. DennisTate

    DennisTate Well-Known Member Past Donor

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    Due to my fascination with near death experience accounts since 1990 I've gotten into contact with some astonishingly gifted people.

    One near death experiencer who I spoke with by phone or Facetime many times was shown a formula to bring peace between Israelis and Palestinians that I believe is compatible with The Abraham Peace Accord.


    God's Peace Plan for the Holy Land, Hebrew and Arabic.

    Economist Jim Rickards in 2014 gave the number of seven hundred and ten trillion dollars for the worldwide Derivatives markets and two hundred and ten trillion dollars for the USA Derivatives markets. Derivatives are only one part of the massive Insurance industry.

    I personally think that OPTIMISM will be a major key in preventing the world from descending into another 1929...... Turning deserts green would tend to make even blue collar workers somewhat more optimistic.......

    After the Abraham Peace Accord turn deserts green...



    Perhaps... some of you will realize if you research all of this that I just made myself irrelevant with this discussion...... Once you know about this part of the formula... you have absolutely no need to ask DennisTate anything more about this...... you have all got this.........

    The Worgl Austria Great Depression Experiment and a real estate boom in rural America?


     
  7. DennisTate

    DennisTate Well-Known Member Past Donor

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    Somebody said Yes.. in the poll question....... please feel total freedom to send me a private message and......

    I've written a bit on this type of topic in the past.....


    Can the national debt of the USA be paid off in one year?

    1. No
      1 vote(s)
      33.3%

    2. Yes
      1 vote(s)
      33.3%
    3. *
      No.. it will take seven years and Ezekiel chapters forty to forty eight must be prepared for.
      1 vote(s)
      33.3%

    4. By this do you mean that the national debt of the USA is partly a practical joke???????
      0 vote(s)
      0.0%
    Change Your Vote

    I taught English in Quito, Ecuador for over a year and as is often the case with us Canadians and Americans I returned home to Nova Scotia, Canada determined to
    educate my fellow Canadians about ways to set in motion a series of events that could lead to a reduction in poverty in all nations, but especially in both Canada and Ecuador........
    but of course addressing the issue of the national debt of the USA could be the primary catalyst to accomplish this.


    http://www.politicalforum.com/index...016-and-2004-campaign-writings-as-art.534297/

    My 2006, 2008, 2016 and 2004 campaign writings as ART.
     
  8. DennisTate

    DennisTate Well-Known Member Past Donor

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    Local currencies: 'In the U.S. we don't trust'
    By Blake Ellis @CNNMoney January 27, 2012: 11:13 AM ET

     
  9. FreshAir

    FreshAir Well-Known Member Past Donor

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    no, and it will never be paid off, we passed the point of no return long ago

    now, we will just keep printing money for as long as we can and see how long we can do that

    the good news is, it's not just America doing this, it's many of the top countries, so no country wants to upset the boat right now, so everyone just ignores it

    perception is reality, and as long as people want to believe in the US dollar, they will, we fail, they fail and visa versa

    most of what we buy is from overseas, most of our labor is going overseas, so the other countries are tied to us in ways we have never seen in history
     
    Last edited: Nov 7, 2020
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  10. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    I don't believe you have put the numbers together.

    I mean even the most rudimentary calculation.

    I remember a calculation many years ago that even if Bill Gates, then the richest man at the time, gave his entire wealth away, it would still have only been 1 percent of the entire US national debt.
     
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  11. DennisTate

    DennisTate Well-Known Member Past Donor

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    But let's look at this from another angle........
    What are Derivatives?

    Derivatives are one part of the massive INSURANCE INDUSTRY.

    I could define them as poker chips created for the mega wealthy one hundred families to play around in the markets with...... much like an ordinary person might blow ten or twenty or thirty thousand dollars in Vegas.......
    but whatever.......

    Economist Jim Rikcards in 2014 gave the statistic of SEVEN HUNDRED AND TEN TRILLION USA petro-dollars for the valuation of the worldwide Derivatives markets.

    In the same video he gave the valuation of the USA Derivatives markets as two hundred and ten trillion.

    IF ONLY ONE PART OF THE INSURANCE INDUSTRY APPROACHES A QUADRILLION DOLLARS IN VALUE.............. HOW COULD THIRTY TRILLION DOLLARS IN DEBT BANKRUPT THE USA???????

    ANSWER.. .ignorance on the part of the vast majority of Americans!


    Answer number two...... the divisions within America that prevent Americans from at least partial agreement with their political or theological opponents!

    Let's look at how and perhaps why even churches are excessively divided from each other......

    Is it all about MONEY????????




    DEAN BRAXTON INTERVIEW (Full-length) with Dr Cecil Stewart OBE


     
    Last edited: Nov 7, 2020
  12. cristiansoldier

    cristiansoldier Well-Known Member

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    No, given the present course I don't see this happening. We need some drastic action like a death debt tax. I think the average person share of the debt is about 25K. Anyone that is over the age of 65 and has a net worth of over 100K, (figures can be debated), should pay their per capita debt when they die. After all it was there voting and policies enacted during their lifetime that accumulated the debt. They should take responsibility. You voted for the politicians that spent and borrowed to pay for wars, infrastructure and social programs that gave you the lifestyle you enjoyed. Now it is time to pay for the consequences. Maybe actions such as these will force people to vote for more fiscally responsible governments instead of those that borrow and spend.
     
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  13. wgabrie

    wgabrie Well-Known Member Donor

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    No, I don't think we can pay off the debt in a year. But, if we can run a surplus Federal budget in the $800 Billion range, through heavy taxation of everybody, then we might be able to pay down the debt, over a very long time.
     
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  14. DennisTate

    DennisTate Well-Known Member Past Donor

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    Thank you immensely for this insightful response but...... how did Pastor David Wilkerson in 1973 come up with this brilliant prediction...... even before the Yom Kippur war set in motion an astonishing inflationary cycle?

    The Worgl Austria Great Depression Experiment and a real estate boom in rural America?

    And.. .is my question in the title herE A STUPID QUESTION?


    Could a real estate boom plus better Fed policy pay off USA national debt?


     
    Last edited: Nov 7, 2020
  15. DennisTate

    DennisTate Well-Known Member Past Donor

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    BUT HOW about heavy taxation of one person.......
    ..... me.....
    DennisTate.....

    My Rosh ha Shanah apology to you all

    and......


    Can Israel pull the entire world economy out of a possible Bear Market, another 1929?








     
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  16. DennisTate

    DennisTate Well-Known Member Past Donor

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    I asked a question over on the Facebook group MMT and I got back this brilliant reply:


    DennisTate... "I am no economist but I think my question is valid so could somebody here from the forum create a profile on this forum where it is so easy to show when you are quoting somebody and point out to me the errors in my theory?

    Because our Ottawa swamp uses numbers so vastly less complicated than is the case in the USA we Canadians may have something of an edge over Americans when it comes to figuring out what is actually happening here!

    "Can the national debt of the USA be paid off in one year?"

    Here are the statistics for deaths among African Americans since 1973:
    Abortion............15.5 million
    Heart disease.....2,715, 416
    Cancer ...............2,568,040
    Accidents ..............447,803" (Dennis Tate)


    Ed HService

    THIS IS A TRULY BRILLIANT REPLY!!!!!

    THE NATIONAL DEBT OF THE USA HAS OFF THE SCALE "ARTISTIC VALUE"..... in 2020 and will have even greater "Artistic Value" in 2021.....!


    So what do I mean by "Artistic Value?"

    Well.. .for example a desert with very little water or vegetation in a sense may have greater "Artistic Value" than a forest with lots of rivers, lakes and streams because.......
    a desert can be turned green if we desalinate more ocean water or sea water in order to fulfill Isaiah chapter thirty five.......


    After the Abraham Peace Accord turn deserts green...





    Top 10 Things Stephanie Kelton Wants You to Know About the Economy
     
    Last edited: Nov 7, 2020
  17. Spooky

    Spooky Well-Known Member Past Donor

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    There are more atheists so make them pay. They are all going to Hell anyways.
     
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  18. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Since nobody has given a good reason to do away with the National Debt, I'd say, yes, it is being mismanaged. Especially by Donald Dork who reduced upper-income taxation two years ago (to get the rich to fund his lost-cause reelection) and now finds that to balance the books he has had to raise the national debt level.

    [​IMG]

    What a helluva going-away present!

    And Uncle Sam's financial-pain will not stop there - because long after he's gone the debt will be a crutch to the incoming administration. Whzzat?

    Quite simply because it has promised to help Americans who are dying from Covid-infections. That cost is going to be highly significant and a burden for at least all of next year.

    The National Debt is NOT GOING AWAY. It simply must be better managed. This is what it looks like as a percentage of GDP:

    [​IMG]

    What must we do? Quite simply, bring debt-levels down to the 40% level of GDP - which makes its funding-support far more reasonable. And leaves the government with the financial means to rebuild what America really needs in terms of future growth.

    And what might those requirements be? These:
    *A decent National Healthcare Service that increases human lifespan to 82 years.
    *Free post-secondary education to prepare the present and future generations for the Brave New World that is upon us. That of the Information Age. (Which is another lonnnng story for another day.)

    In order to do that, however, Uncle Sam MUST reduce DoD-expenditures. It's been a boondoggle for each and every Replicant PotUS. And Donald Dork is no different!
     
  19. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    THE FED-RESERVE GOES BANKRUPT?

    In which case the Fed takes money from Consumers and gives it to the government to reduce debt. National Debt is something that must-be-legally-paid! And if not, the Fed goes bankrupt!

    Which causes ipso-facto higher levels of unemployment that prompts even further disbursements from Unemployment Insurance for jobless Americans. The financial situation becomes greatly exaggerated.

    Let's not get silly ... National Debt is a tricky subject and there is NO SIMPLE ANSWER! Because any one remedy simply provokes an unfortunate consequence.

    What must happen, and seems an impossibility presently, is that the HofR and the Senate must take positions on the matter. That is, if the president proposes higher levels of National Debt Reduction, then it is both chambers of Congress that must pass the law (signed by the PotUS) allowing it! (Meaning, the politicians in either the House or the Senate will assume the responsibility that could most certainly affect their reelection.)

    Let's not forget, ultimately, any Federal governance is playing with lives when it tampers with unemployment-insurance .... !
     
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  20. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    THE DONALD'S INCOME TAX REDUCTION
    Yes, but Donald Dork REDUCED upper-income taxation. Excerpt from here: Trump taxes: A 'fundamentally unfair' system?
    [​IMG]

    From Investopedia here:
    Why should the rich and super-rich get away with paying such low-taxation on exorbitant financial earnings? Why ... ?

    PS: One answer to Why? Because Donald Dork needed the tax-savings money to help repay his awesome debts - see here. And those debts have since not "gone away". He's in deep, deep shat Federal tax-wise.
     
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  21. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Commentary from CNBC: Michael Farr: The problem with the U.S. economy is there are too many poor people

    Excerpt:
    There is the "other side" to a story in any matter regarding economics. In that vein, I thought it necessary to mount the above news report.

    My Own Point?:
    I still think what is happening in the US is that there are far too many Filthy Rich - and if millionaires (owning assets of at least one million dollars) were taxed properly the US would be a better place in which to live. Higher tax-revenues could allow both a National Healthcare System and free Post-secondary Education for all the nation's children.
     
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  22. Distraff

    Distraff Well-Known Member

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    So the national debt is 27 trillion dollars and our GDP is 20.5 trillion dollars. The way this works is we first do a 100% tax in one year. That gets us 20.5 trillion. 6.5 trillion to go. The government then gets its printing presses running and prints a 6.5 trillion dollar bill and pays off the national debt!
     
  23. HereWeGoAgain

    HereWeGoAgain Banned

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    LOL!!! No the mormons can't pay it off. But we could by taxing the crap out of the uber rich like we did after WWII. The maximum tax rate was over 90%.

    That is what made America great - very high taxes on the rich

    [​IMG]
     
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  24. wgabrie

    wgabrie Well-Known Member Donor

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    What's up with unemployment insurance? How does government raising taxes on everyone have to do with funding unemployment services? I thought unemployment was paid for by businesses???
     
  25. wgabrie

    wgabrie Well-Known Member Donor

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    How does running a federal budget surplus cause harm that leads to the Fed going bankrupt? Do you have a link?
     
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