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Thread: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

  1. #331
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by cpwill View Post
    The Deficit is shrinking because revenues are at historical high's. Looks like your spender in chief still occupies his spot
    Hmmmmm?



    I suppose so if your history only goes back to 2008.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Gimmesometruth View Post
    Hmmmmm?



    I suppose so if your history only goes back to 2008.
    I raise you real expenditures as APOGDP:

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #333
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    Reality is, debt service went from being the 3rd largest budget item in the 1980's to 4th in the current.

    Keep the hypocrisy coming!
    Isn't it amazing what record low interest rates do to the debt service. As inflation sets in what do you think the debt service is going to be on the soon to be 18 trillion dollar debt?

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Isn't it amazing what record low interest rates do to the debt service. As inflation sets in what do you think the debt service is going to be on the soon to be 18 trillion dollar debt?
    Um, inflation causes old debts.....wait for it....to decline in costs.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  5. #335
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Gimmesometruth View Post
    Um, inflation causes old debts.....wait for it....to decline in costs.
    It really is amazing that in the liberal world inflation only hits expenses and never revenue

  6. #336
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    It really is amazing that in the liberal world inflation only hits expenses and never revenue
    Where did you mention revenue in what I responded to?

    I guess this is the only way that you can admit to getting a basic point of economics incorrect, shift the topic. Your better argument would have been to say that we are not going to see much in the way of higher rates of inflation (since it is going to be a while before wages push inflation) thus causing relative higher borrowing costs.....but then you would be up against low rates of interests....so on and so forth...
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  7. #337
    Villiage Idiot
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Isn't it amazing what record low interest rates do to the debt service. As inflation sets in what do you think the debt service is going to be on the soon to be 18 trillion dollar debt?
    If inflation set's in, the debt will become easier to pay because it can be repaid with deflated dollars, and since the i-rate on the debt is fixed for the maturity date of the bonds, it's not like the debt service instantly would double or triple.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  8. #338
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    It really is amazing that in the liberal world inflation only hits expenses and never revenue
    Inflation generally inflates everything, including revenue. More revenue makes it easier to pay existing debt.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #339
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    I forgot you were among the "fear of big numbers" crowd. Why not bring up unfunded liabilities while you're at it?
    That's interesting. Does that make you part of the "denial of math" crowd?


    Hey, you know what the neatest thing about unfunded liabilities is? They will never matter because they are so far in the future!!!

    I mean, SSDI isn't scheduled to run out of money until 2016!!! That's, like, forever from now!

    Why worry about the future when you can spend everything on today?

  10. #340
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Gimmesometruth View Post
    Hmmmmm?

    I suppose so if your history only goes back to 2008.
    all that really shows is that revenues are growing faster than GDP is. It is the dollar amount that is at record high's. If the argument is that Obama isn't a spender because the deficit is shrinking, and that is being driven by revenues increasing rather than expenditures falling, well, then the argument is incorrect.

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