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Thread: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Vern View Post
    Sorry Beau, “as bad as the dems” is just a narrative you use to ignore reality. As Chomsky points out republicans are worse. They not only cause higher deficits but they do it as they rail against deficits. And during the Obama administration they fought to keep the deficit higher. an example would be they fought with President Obama to keep the Bush tax cuts from expiring as scheduled and expiring as re-scheduled for the top 2 %. It was “about” the deficit when they attacked the stimulus, auto bailout, jobs bill (things that did or would help the economy) but not the Bush tax cuts.

    Continue to vote republican but just do it knowing that their “concern” for deficits is just another lying narrative and they make it worse.
    Good thing this event hasn't happened very long ago as I easily remember the Dems and the Obama admin wanted to spend so much more than what we did. The Republicans fought over spending which resulted in sequestration, which ultimately kept the deficit down a little bit. Regardless, the debt still doubled during his time. In a sense, you could even say that the Obama admin was twice as bad as Bush because he added almost 10 trillion vs Bush's 5 trillion.
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Fishking View Post
    Good thing this event hasn't happened very long ago as I easily remember the Dems and the Obama admin wanted to spend so much more than what we did. The Republicans fought over spending which resulted in sequestration, which ultimately kept the deficit down a little bit. Regardless, the debt still doubled during his time. In a sense, you could even say that the Obama admin was twice as bad as Bush because he added almost 10 trillion vs Bush's 5 trillion.
    Sequestration reduced spending by just $85B. The deficit was reduced by far more than that thanks to the expiration of the Bush Tax Cuts on the top 1%. Furthermore, the entire premise behind Sequestration was that once debt reaches 90% of GDP the economy "falls off a cliff". Yeah, that turned out to be a pack of lies. So Sequestration was based on lies and debt hysteria. I still don't understand why debt matters to you people so much when it didn't matter when Bush was President?

    The federal debt only really affects borrowing rates for the government. But even with debt at its current levels, borrowing rates are still low. So if you wanted to make an investment in, say, our infrastructure or a single payer health care system, now would be the time to do it while borrowing rates are so low. Just like how you would wait to buy a home once the rates are lower. Same principle.
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Fishking View Post
    Good thing this event hasn't happened very long ago as I easily remember the Dems and the Obama admin wanted to spend so much more than what we did. The Republicans fought over spending which resulted in sequestration, which ultimately kept the deficit down a little bit. Regardless, the debt still doubled during his time. In a sense, you could even say that the Obama admin was twice as bad as Bush because he added almost 10 trillion vs Bush's 5 trillion.
    Or, you could say they were about the same because they both just about doubled the debt during their tenure.

    It boggles my mind that the right applauds themselves for cutting spending during the worst economic downturn in a century, after having fought tooth and nail for the reduction in revenue that toppled the first domino of its cause.
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Fishking View Post
    Good thing this event hasn't happened very long ago as I easily remember the Dems and the Obama admin wanted to spend so much more than what we did. The Republicans fought over spending which resulted in sequestration, which ultimately kept the deficit down a little bit. Regardless, the debt still doubled during his time. In a sense, you could even say that the Obama admin was twice as bad as Bush because he added almost 10 trillion vs Bush's 5 trillion.
    You could say that if you pretend not to know the facts and use the made up "debt by inauguration day' metric. But first lets dispense with your delusions/spin about sequestration. Republicans refused to compromise on a mixture of spending cuts and revenue increases so they forced the cuts. So they fought over tax increases not spending cuts. And the sequester is what proved they were flaming lying hypocrites about deficits. The fact that they couldn't back peddle and finger point fast enough in blaming President Obama about the sequester cuts proves they were worried about the spending cuts effect on the economy. that proves they were lying in their attacks on the stimulus.

    Bush added 6 trillion to the deficit and he was handed a surplus.
    President Obama will add less than 9 trillion and he was handed the massive trillion dollar Bush Deficits (yea, they have a name).
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Master PO View Post

    my question has been simple if debt does not matter, why do we have taxation and overhead of such a system, why are we sending people to jail over something which is not needed.

    My opinion: to help maintain confidence in our currency by presenting a means in which the government can repay debts. Fiat currency only holds value as long as the currency has confidence since it has no tangible exchange as a backing. This is where I disagree with "debt does not matter" be it private or public. The perception of to much debt hurts currency confidence and when that confidence is lost the currency no longer holds value. This is the greatest threat to the US dollar imo and why we must keep debt in check.

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Critter7r View Post
    Or, you could say they were about the same because they both just about doubled the debt during their tenure.
    You could say that, and it would be true, but you could also say that Obama added twice as much to the debt and it would also be true.
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Vern View Post
    You could say that if you pretend not to know the facts and use the made up "debt by inauguration day' metric. But first lets dispense with your delusions/spin about sequestration. Republicans refused to compromise on a mixture of spending cuts and revenue increases so they forced the cuts. So they fought over tax increases not spending cuts. And the sequester is what proved they were flaming lying hypocrites about deficits. The fact that they couldn't back peddle and finger point fast enough in blaming President Obama about the sequester cuts proves they were worried about the spending cuts effect on the economy. that proves they were lying in their attacks on the stimulus.
    That didn't refute anything I said. Fact: Democrats and Obama wanted to spend more. Fact: Republicans fought it. Fact: Sequestration was the result.

    Bush added 6 trillion to the deficit and he was handed a surplus.
    President Obama will add less than 9 trillion and he was handed the massive trillion dollar Bush Deficits (yea, they have a name).
    That's not factually true. I mean, you're not even getting the difference between deficit and debt correct.
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Absentglare View Post
    Investments in things like education and infrastructure enable future tax collection.
    , thats very funny!
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Critter7r View Post
    Or, you could say they were about the same because they both just about doubled the debt during their tenure.
    Quote Originally Posted by Fishking View Post
    You could say that, and it would be true, but you could also say that Obama added twice as much to the debt and it would also be true.
    And that, is why context is important.
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    Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Master PO View Post
    , thats very funny!
    ... you don't think education facilitates future productivity...? Lol... that IS hilarious, but not because of why you seem to think.

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