ba$eman posted:Django posted:ba$eman posted:The PPP was never as corrupt as the PNC/AFC made it out. It was all smoking mirrors. Envy caused the PNC/AFC to play the "corruption" card, and it worked with enough weak minds and bitter souls to put them over the edge.
As I said, they say PPP tief nuff, but they leff nuff. PNC don't tief not they leave nothing. Stanley Ming recently admitted the PPP left about USD 1.5 bil in the treasury! Now, how did they do that while stealing all the way to the bank?
The PPP had problems, but it was not in the magnitude as touted by the PNC/AFC.
Where you pull this out from?? if this is true all debts will be paid off and there will be a fresh start.
It does not work like that. You are clueless!
Paying off the government debt Paying off the debt is largely a political choice. Who bears the cost of paying off the debt? Is it government workers through lower pay and lower benefits? Is it individuals who see a reduction in government services or entitlements, either directly through cuts or indirectly through slower growth in benefits? Is it taxpayers who pay higher taxes and fees? Are the additional taxes born by the rich or the poor or both? Is it bondholders who get paid back in inflated currency or don’t get paid back at all? Government debt as a share of GDP can be reduced or eliminated in a number of ways. 1. Run surpluses and pay off the debt as happened in the US in the 1830s, or reduce the debt/ GDP ratio by running surpluses as occurred around 2000 under Bill Clinton. Here the cost of the debt is imposed directly on taxpayers with no loss to fixed income investors.
https://www.globalfinancialdat.../government_debt.pdf
Refresh your memory a little.