• discocactus@lemmy.world
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    34 minutes ago

    Just for the sake of argument: It’s possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that’s roughly $504 of finished product per barrel (@ $12/gal).

    That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we’d be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.

  • opus86@lemmy.today
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    5 minutes ago

    Ah, Republicans. They make a huge deal about spending any time they are not in power and then spending like a drunk Sailor when in power.

    • brem@sh.itjust.works
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      49 minutes ago

      …but what about the bones?

      They should be used for broth, not to sharpen the dentures of a senile old racist…

  • BarneyPiccolo@lemmy.today
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    4 hours ago

    I just saw a study that said if Trump continued on at this rate, he will be responsible for 55% of the national debt. And that was BEFORE the Iran War.

    When we get these psychopaths out, and start to rebuild, we already know that they’ll suddenly get fiscally conservative, and they’ll pretend to be concerned about spending.

    When that happens, just take theirs away. THEY are responsible for the debt, so if it bothers them so much, they should be the ones to make the sacrifice to pay it back.

    • SabinStargem@lemmy.today
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      3 hours ago

      I kinda suspect that debts to people and companies within the US would mostly get erased. Because at the end of the day, money is a fictional thing we invented to make it easier to conduct trade. Odds are that we would take away the real valuables from the former elites - their buildings, land, assets, and finding jobs for honest workers at places that don’t suck donkey.

      We might be able to beg foreign nations to delay or restructure debts. Maybe. Depends on whether the diddler in chief presses the nuclear button.

  • BlackLaZoR@lemmy.world
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    2 hours ago

    They have a plan: They’ll borrow money to pay the debts and to spend on top of that.

    Literally infinite money glitch

  • Gammelfisch@lemmy.world
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    3 hours ago

    The Rothschild family and banks are delighted with the shit situation. They have the USA by the balls.

  • Wilco@lemmy.zip
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    6 hours ago

    Damn … if only there was a department of government efficiency to stop insane and fiscally irresponsible shit like this.

    Or … we need a branch of government that “controls the purse” so crazy spending like this doesnt happen.

  • Mulligrubs@lemmy.world
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    3 hours ago

    Trump has never paid his bills a day in his life.

    He fucked over his own chauffeur, and thousands of his contractors and employees. He’s declared bankruptcy something like eight times, leaving investors with nothing. He’s gone to court over a thousand times; no other real estate developer has these problems. Interestingly, his mentor was Roy Cohn, who had the same issue of skipping bills (coincidentally I am sure).

    So, long story short for libbies, Trump will buy a company named “American Fury MAGA USA Friends” and transfer all the country’s debt to it, and THEN that company will declare a new feature he’s devised, called “Supreme Bankruptcy” which cannot be overturned by the Supreme Court because it’s Supreme, too.

    Problem solved, in your face commies

    Related to this problem, our entire country’s financial system is based on debt; we don’t even control our own money. The FED is controlled by select appointed bankers, who practically all work for banks or are on the boards of banks and investment firms before and after their appointed terms.

    The dollar is worth less every year for a reason, it’s called profiteering. It’s designed to collapse; with each collapse these same interests buy everything once prices are tanked. Then, they start the process again. Every year it gets exponentially worse because math is mean.

    They don’t even hide it.

    https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm

  • OfCourseNot@fedia.io
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    9 hours ago

    interest payments on the debt are expected to exceed $1 trillion this year

    If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests… I ain’t no economist but that seems like a lot.