tag:blogger.com,1999:blog-3776665703590564248.post5308646067192718930..comments2024-03-27T01:57:19.605-04:00Comments on Return To Excellence: The Significance Of The National DebtReturnToExcellence.nethttp://www.blogger.com/profile/18149859814999976879noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3776665703590564248.post-78389280276009476592021-01-20T19:37:18.727-05:002021-01-20T19:37:18.727-05:00Just finished reading the RTE. Regardless of the w...Just finished reading the RTE. Regardless of the well planed event today, I do not believe the new President will last very long and Kamala will take charge. God help us.STnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-2287240095026659232021-01-19T23:41:04.041-05:002021-01-19T23:41:04.041-05:00That RTE post sure was a sobering one. It sure wou...That RTE post sure was a sobering one. It sure would’ve been interesting to hear both candidates responses to that national debt question. I’m sure Beijing Biden would’ve been like a deer in the headlights at hearing that question asked had it been. I also wonder how President Trump would’ve answered it. If only our “leaders” would focus more on vital issues of domestic importance, but everyone is just so focused on identity politics, namely the radical left. Even President Trump has played into the hands of the identity politics crowd too much for my liking with talk of all the numbers of labor force participation from one particular group or another. I myself am convinced that Biden is a Beijing puppet or that of the globalists if the two sides end goals are too diametrically opposing. I don’t know how many hours are in a day for Biden, but there must be more than that of a normal person’s day with all the garbage he plans to push through in his first 100 days or even his very first day in office. I do believe the MSM narrative that he will be the most progressive president to date, but not by his own volition. If Beijing or the globalist cabal are not pulling the strings on him, then it could end up being BO, or they could all be one in the same! What was once understood as American exceptionalism has been subverted over a matter of decades by the way I understand it. At least since LBJ and his creation of the welfare state or even as far back as FDR with the new deal. Any real tangible values we once stood for as a country and society have been replaced with the doctrine of wokeism. It’s far easier to tear down and decry long standing values and traditions than it is to build anything yourself. And it is far easier for politicians to play into people’s emotions with identity politics than it is to appeal to their practical sensibilities. Biden has been in high profile public office for almost half a century and you’re trying to tell me that now all of a sudden he has ALL the answers. Firstly, if anyone thinks that by virtue of being the president you are endowed with all the answers to the world’s most troubling problems, then they are not planted in reality. Life is not a matter of binary choices, there’s a hell of a lot of gray area which we all need to find our own way through. Each individual is their own best decision maker. I know I don’t want anyone else in some far off place to make any decision which will have any kind of impact on my personal day to day life, and I sure don’t want to go around making decisions for other people. Identity politics is a cancer, and if we as a country can move beyond that and focus on more pertinent matters, then we can begin our return to American exceptionalism.JFDnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-21820187776670270382021-01-18T23:19:45.374-05:002021-01-18T23:19:45.374-05:00Great post as always. Bottom line: now we will see...Great post as always. Bottom line: now we will see what we are made of. <br /><br />We elected fools for years and now we are at the bottom of the barrel one would think.<br /><br />Next 2 years will be very interesting.DCnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-25155685680877140482021-01-18T19:58:47.643-05:002021-01-18T19:58:47.643-05:00Doug – Great research!
Although Economics is the m...Doug – Great research!<br />Although Economics is the most quantitative of the social sciences, human sentiment is a factor that can be a major wild card with some projections; assessing impact of increasing total debt is a prime example. Japan’s Yen has not tanked despite having greater total debt / GDP than the US. That is just one data point. However, in shear quantity the US total debt $27 Trill is much higher than Japan’s $10 Trill. Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. <br /><br />We need focus on the US $27 trill and rapidly increasing. World investors wealth has limits as does its propensity to finance our debt. It is logical to project that investor sentiment may shift soon and rapidly with rapid debt growth and meager or perhaps a 2021 Q1-Q2 decrease in GDP.<br /><br />Another factor is China. It is very possible China will reach a threshold of $ support very soon. Once its GDP comes closer to the US, it may be emboldened to initiate strategies to tank the $. This would be consistent with its goal of becoming the world’s #1 Economic power.<br /><br />So the US is playing with fire. Many of our elected officials in both parties are either naïve or fully aware of the danger but chose to ignore this threat for political and power reasons.<br /><br />What to do?<br />Start a grass roots drive to tie Congress pay to annual GDP growth. With Congress power over spending and the budget along with debt are major shapers of GDP growth. Here is a schedule:<br /><br />Full Pay – 2.5% GDP<br />80% -- 1.5% GDP<br />60% -- .5% GDP.<br />50% Floor<br />+ 20% for every .5% increase up to +100% for 5% GDP<br /><br />This may provide incentive for greater responsibility over budget & economic growth panning based on proven Economics.<br />Economics501https://www.blogger.com/profile/12001939903780698510noreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-88534738278511310352021-01-18T19:20:06.660-05:002021-01-18T19:20:06.660-05:00Great article. Enjoyed and agree with you 100%. Th...Great article. Enjoyed and agree with you 100%. Thank you.JWnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-69585148166065269022021-01-17T23:46:02.404-05:002021-01-17T23:46:02.404-05:00The next few posts will help you understand what i...The next few posts will help you understand what is happening so hang on a little while longer. We will @ least clearly know what we are facing.ReturnToExcellence.nethttps://www.blogger.com/profile/18149859814999976879noreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-43982268421014832092021-01-17T23:38:35.831-05:002021-01-17T23:38:35.831-05:00Thank you for your thoughts!! I honestly do not kn...Thank you for your thoughts!! I honestly do not know what to think anymore. Why does Congress not see their future in what they are doing to us.?? Keep your thoughts coming.... is there hope?!Dr Bnoreply@blogger.com