The New “What did you do with your Z today” (with off topic replies) XXXX

Rusty

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浪人 - 殺し屋
"The Difficult Anytime, The Impossible By Appointment Only"
http://www.the370z.com/members-370z-...o-journal.html

God-Speed

Good Monday Morning All. Hope you all had a great weekend. 86* for a high today with 0% chance of rain. Time go get this week Rolling. Have a Great Monday Guys. Stay Safe, Stay Positive and Keep Moving Forward.

Remember: "We are what we repeatedly do. Excellence then is not an act but a habit.” Aristotele

eastwest2300

its monday, be strong boys and girls... you've got this!

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Infiniti QX70 & Toyota Supra 3.0 Premium

MZ DAIZY

Off topic: help me understand this debt ceiling crisis…

From what I understand, Social,Security and Medicare will still be paid since they come from a separate trust.

From what I can figure this is like having a credit card that you’ve spent up to your limit. You can call them and have you limit bumped up, but if you continually spend up to your limit and make only minimum payments (interest), you are NEVER going to pay that card off.

The republicans in congress are willing to raise the credit limit to pay what is owed, but insist on cutting spending.

IOW, your $1000 credit card gets its minimum payment BUT you can’t charge anything else to it. You need to stop spending money you don’t have.

Can someone explain to me why the Dims are so opposed to this? It makes perfect financial sense. Why is Brandon dragging his feet on this? Other than he’s a demented moron….

Who did he think was going to pay for all those TRILLIONS of dollars he spent on pet projects like “infrastructure” “a foreign Country’s borders” and “inflation”?

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Stillen Gen 3 CAI, Fast Intentions CBE, Z1 34 Row Oil Cooler, Ecuteck Tuned by Dave at Z1, Clear Bra, Z1 Hood Stuts

vtec to vvel

From my understanding, yes, you are correct about the debt ceiling and the credit card analogy. I am under the impression that the debt really got out of hand with COVID and "free money".

Regarding SS and Medicare, I've read both that it would and would NOT be affected Not like if we can ask anyone because we've never been in this type of situation before lol.

IMO, they want to raise the debt ceiling AND not cut back on spending because they have an agenda to finance and fulfill (i.e. student loan forgiveness).

Can anyone clarify this?

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danegrey

good afternoon on a Monday

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Lots of Changes
the Z needs to be driven and driven hard for the car lives for it

MZ DAIZY

I can’t find any diminutive answers, but it looks like if we default, the stock market (and everyone’s retirement funds) will take a massive hit.

My IRA has already taken a 20% hit since Brandon became pResident. Brandon already said he’s “blameless”. I don’t see this ending well for anyone. Brandon and the Dims are hell bent on destroying this economy and taking the country with it.

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Stillen Gen 3 CAI, Fast Intentions CBE, Z1 34 Row Oil Cooler, Ecuteck Tuned by Dave at Z1, Clear Bra, Z1 Hood Stuts

DaveZ03

To be clear, the below is not about understanding the debt ceiling, it's about the constant need to drudge up politics....

eastwest2300

I'm sure Trips will be checking up on us.

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Infiniti QX70 & Toyota Supra 3.0 Premium

MZ DAIZY

How is this politics? It’s about my country and my money, sweetie.

Easily offended, huh? You still mad about those couple of mean tweets?

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Stillen Gen 3 CAI, Fast Intentions CBE, Z1 34 Row Oil Cooler, Ecuteck Tuned by Dave at Z1, Clear Bra, Z1 Hood Stuts

eastwest2300

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Infiniti QX70 & Toyota Supra 3.0 Premium

MZ DAIZY

Have a Bud Light and relax, Bruh. Let us know what’s happing with Florida sports.

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Stillen Gen 3 CAI, Fast Intentions CBE, Z1 34 Row Oil Cooler, Ecuteck Tuned by Dave at Z1, Clear Bra, Z1 Hood Stuts

vtec to vvel

How is this politics? This is more of a financial/economy topic, which BTW, would also affect you and everyone else.

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vtec to vvel

There's no definitive answer to this, as though the US has been very close to a default a few times, the US has never actually defaulted on its debts before, and thus, no history/playbook to refer to on a default aftermath.

So IF a default were to happen, this would be a first.

IMO, it wouldn't just be the stock market/retirement funds affected. It would affect everyday life of everyday citizens globally. I don't even want to imagine the potential chain of events that could possibly be set off by a default

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MZ DAIZY

I noticed he didn’t answer my legitimate question. Couldn’t even quote the entire post….

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Stillen Gen 3 CAI, Fast Intentions CBE, Z1 34 Row Oil Cooler, Ecuteck Tuned by Dave at Z1, Clear Bra, Z1 Hood Stuts