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Thread: Govt. borrows 46 cents of every dollar it spends

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Grant View Post
    I never mentioned NAFTA or anything else. What I said was that he left Bush with an almost $6 trillion dollar debt. Do you understand that part before you move on elsewhere?
    I never mentioned Clinton either and yet here we are. So what are you trying to say, that Clinton was responsible for Bush debt? Do you think Obama's debt would be as high now if he had inherited Clinton's debt and budget surplus instead of Bush's debt and policies? Because I sure don't. In fact, I don't think we would have even had a 9/11 if Gore had been elected. <sigh> if wishes were fishes....

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Blue_State View Post
    Do people really see the Bush Tax Cuts as a addition to the debt? I would think even the simplest logic would conclude that yes, while that money did not come into the government; it was used for goods, services and investments. Those add to the economy which creates money to be taxed which brings in more money. Or would that statement open a can of worms?
    Sorry but that is to put it mildly, naive to think that cutting taxes without reducing spending won't reduce revenue. The notion that the money was put to good use is baloney since all we have to show for it is a recession, two failed wars and a shrinking middle class.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Born Free View Post
    Interesting, whey is Obama even talking to the leader of the house?
    Possibly because any legislation that is passed has to come from Congress? Maybe an agreement is necessary because the Congress has to pass the legislation, and the president approve it? It just might be that some remnants of the Constitution are still in operation.

    But, that's just a wild guess.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by TheNextEra View Post
    And where were the "debt concerned" GOP members during the Bush era of tac cuts, borrow, spend and give free stuff?

    The simple fact is Obama is continuing a method that got Bush elected twice. No, I'm not just blaming Bush. Let's get real though, how can anyone who voted for Bush twice be complaining about Obama's spending without being a hypocrite?
    Bush had two very weak candidates running against him and if you look back at the record you'll see that Conservatives also turned on Bush because of his spending, the Pharmacy program for seniors among them. Many conservatives actually believed Obama when he said he would reduce spending and the deficit but of course they were conned.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    I never mentioned Clinton either and yet here we are. So what are you trying to say, that Clinton was responsible for Bush debt? Do you think Obama's debt would be as high now if he had inherited Clinton's debt and budget surplus instead of Bush's debt and policies? Because I sure don't. In fact, I don't think we would have even had a 9/11 if Gore had been elected. <sigh> if wishes were fishes....
    You should have mentioned Clinton because he left trillions in debt for Bush who in turn left further trillions for Obama. You made it appear that Bush got the country $10 trillion in debt over 8 years, which is not true. Of course Obama has doubled down on all the previous spending and put the United States in an impossible situation.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    Sorry but that is to put it mildly, naive to think that cutting taxes without reducing spending won't reduce revenue. The notion that the money was put to good use is baloney since all we have to show for it is a recession, two failed wars and a shrinking middle class.
    Reducing spending does not reduce revenue. Revenue is a result of the government taxing, and has nothing to do with spending. If you want to talk about improving our debt situation, then yes, increasing revenue while reducing spending would be the fastest solution.

    The fact that you pile wars and the recession onto the tax cuts is amazing, they aren't related. What is related is that with the increase in money, middle class and lower class had more disposable income. The more disposable income they have, the more they spend on the direct economy.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Dittohead not! View Post
    It's like being a passenger in a 747 headed for the ground, and watching the pilot on the left blame the pilot on the right, and vice versa, while neither one does anything to pull the nose back up.
    The bottom line is the federal government is dysfunctional.
    If only that were true - because then nothing would get done.
    Unfortunately, the government always finds the ability to spend.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    If only that were true - because then nothing would get done.
    Unfortunately, the government always finds the ability to spend.
    to spend, but never to control spending or balance it with income.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    In fact, I don't think we would have even had a 9/11 if Gore had been elected.
    Now that I've cleaned the pepsi off my monitor, I have to ask:
    Why?

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Dittohead not! View Post
    to spend, but never to control spending or balance it with income.
    This is mostly because federal spending buys votes.

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