• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Economists: Failure to raise debt limit could lead to recession

So this is pretty much your ideal economy huh?

I never said that.

The impoverished are still impoverished, just a whole lot more of the middle class now swell their ranks thanks to the 30 year experiment with trickle down economics.

Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame. The shrinking middle class has nothing to do with a failure of wealth to trickle down to them. The people are ultimately to blame for the out of control spending and wars its government engages in, the devaluation of their currency, and the ruinously low interest rates. In a democracy the people always get exactly what they deserve.

And no amount of taxing the rich could have prevented this nor covered the deficits.
 
Last edited:
Obama has shown an inability to see and understand economic reality.

He has made one major blunder followed by a larger one.

A story came out that every news job cost us tax payers over $200,000 each and Obama wants to spend even more?

You have to be a damn fool to claim Obama is anything other that a imbecilic idiot.
 
Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame.

Yep, like I said, 30 years of trickle down economics.

In a democracy the people always get exactly what they deserve.

Yep, we have a representative government alright!

And no amount of taxing the rich could have prevented this nor covered the deficits.

It took 30 years of tax cuts and overspending to create our debt, it will take 30 years of tax increases and spending cuts to significantly address our debt.
 
Lachean said:
Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame.
Yep, like I said, 30 years of trickle down economics.

What does ANY of that have to do with trickle down economics? Do you even know what Trickle Down Economics means?

Monetary Policy, protectionism and overspending have NOTHING to do with tax rates.

It took 30 years of tax cuts and overspending to create our debt

If you're going into credit card debt at a rate faster than any pay cut you've been given, do you blame your pay cuts or your obscene spending habits? If both, which more?

It wasn't that we didn't tax enough, no amount of soaking the rich would have covered our deficits and that's even assuming they would produce at the same rates.

it will take 30 years of tax increases and spending cuts to significantly address our debt.

Or a default.
 
Last edited:
Do you even know what Trickle Down Economics means?

Yep, it is the economic system we have been operating under for the last 30 years.


If you're going into credit card debt at a rate faster than any pay cut you've been given, do you blame your pay cuts or your obscene spending habits? If both, which more?

If I am going into credit card debt, I don't give away part of my pay check and increase spending as we have been doing for the last 30 years.

Or a default.

It ain't happening, it would only worsen our financial situation.
 
Last edited:
What does ANY of that have to do with trickle down economics? Do you even know what Trickle Down Economics means?

Monetary Policy, protectionism and overspending have NOTHING to do with tax rates.



If you're going into credit card debt at a rate faster than any pay cut you've been given, do you blame your pay cuts or your obscene spending habits? If both, which more?

It wasn't that we didn't tax enough, no amount of soaking the rich would have covered our deficits and that's even assuming they would produce at the same rates.



Or a default.

I won't be surprised if the republicans attempt to force a default. I don't know why they've gone crazy, nor do I care. But why do YOU advocate that they not be people of honor?
 
I really do. Whatcha got?

rulings%2Ftom-true.gif


http://www.politifact.com/truth-o-m...nn-said-obama-voted-against-debt-limit-when-/

...and since you completely dropped the Boehner point, I'm assuming you agree.
 
Yep, it is the economic system we have been operating under for the last 30 years.

No, that would be called Modified Capitalism. As I said, Monetary Policy, protectionism and overspending have NOTHING to do with tax rates.

"Trickle down economics" is not an "economic system" its what you "soak the rich" types call the notion that low tax rates help everyone.

If I am going into credit card debt, I don't give away part of my pay check and increase spending as we have been doing for the last 30 years.

You've obviously missed my point entirely. I agree with you on the overspending, now address my points on the taxation.

It ain't happening, it would only worsen our financial situation.

Yeah, what we really need is more of the poison that got us sick. :roll:

I'm sure your advice to a person overwhelmed with credit card debt and have maxxed out their cards is to open up another card too, right?
 
Last edited:
I won't be surprised if the republicans attempt to force a default. I don't know why they've gone crazy, nor do I care. But why do YOU advocate that they not be people of honor?

What makes you think our politicians are people of honor in the first place? People of honor don't do this to their children's children.
 
What makes you think our politicians are people of honor in the first place? People of honor don't do this to their children's children.

Red herring. Why are you advocating they not honor the debt?
 
"Trickle down economics" is not an "economic system" its what you "soak the rich" types call the notion that low tax rates help everyone.

You are referring to the theory, I am referring to how it was practiced in actuality in this country for the last 30 years, which consisted of deregulation, tax cuts to the rich and increased spending.
 
Red herring. Why are you advocating they not honor the debt?

What? I'm sorry but honor the debt? They would honor the debt, but they wouldn't honor every thing the government has promised people. Kind of a big difference.
 
Red herring. Why are you advocating they not honor the debt?

What makes you think I advocate their not honoring the debt?

Perhaps if you were't so quick to build up straw men you'd not confuse my questioning your premises with a red herring. You should really look up what the fallacy means.
 
Last edited:
You are referring to the theory, I am referring to how it was practiced in actuality in this country for the last 30 years, which consisted of deregulation, tax cuts to the rich and increased spending.


No your not. You are referring to nonsense that is disconnected from reality.
 
You are referring to the theory

No, I am accurately using the terms "economic system" and "trickle down economics" which is a pejorative for low taxes.

I am referring to how it was practiced in actuality in this country for the last 30 years, which consisted of deregulation, tax cuts to the rich and increased spending.

Deregulation and increased spending have nothing to do with "trickle down economics." Tax cuts don't need to be funded, spending does. And no amount of taxing could have covered our deficits.
 
Last edited:
What makes you think I advocate their not honoring the debt?

Perhaps if you were't so quick to build up straw men you'd not confuse my questioning your premises with a red herring. You should really look up what the fallacy means.

Really. You said they should default.
 
No your not. You are referring to nonsense that is disconnected from reality.

There are none so blind that cannot see, they just vote for the Republican trickle down theory again and again and again and again...................
 
There are none so blind that cannot see

Its "None so blind as those who will not see" :doh

they just vote for the Republican trickle down theory again and again and again and again...................

People vote for tax rates, not theories. But its clear you stopped making counter arguments :2wave:
 
Go back to what I said, read what it was in response to, then come back and admit you don't know what you're talking about.

:shrug: You said what you said. You didn't know what "default" meant? Fine, whatever.
 
Bitch!

:shrug: You said what you said.

Quote me saying I advocate a default, or not honoring the debt. YOU CANNOT BECAUSE I HAVEN'T! That's the beauty of online debates, what I say is a matter of record and YOU cannot put words in my mouth to save your ignorance from showing.

My response to "it will take 30 years of tax increases and spending cuts to significantly address our debt" was "or a default."

You didn't know what "default" meant? Fine, whatever.

What? I think its quite clear that you don't, and you have reading comprehension or straw-man addiction problems.
 
Last edited:
No, I am accurately using the terms "economic system" and "trickle down economics" which is a pejorative for low taxes.

The trickle down economics as instituted by Ronald Reagan increased the debt more than all the previous presidents combined. Sorry, that is the reality.


Deregulation and increased spending have nothing to do with "trickle down economics." Tax cuts don't need to be funded, spending does. And no amount of taxing could have covered our deficits.


Deregulation helped bring about the Bush recession and the high gas price spikes that is hindering recovery of the Bush recession. Tax cuts reduce revenue which combined with increased spending created our out of hand debt. All of these have contributed to our debt, and we will only reduce our debt significantly when we address all these causes.
 
Sure, but then we wouldn't default. I just said that if we default it's bad news. We should really cut so that we don't have to do that, but do you think that amount of cuts is really going to happen with like one week left?

Likely not as we have a bunch of imbecile's in D.C.

Has it? I know it's moved from early August to late July, but that's not too much of a change and it's backwards too. Unless you're talking about cutting in order to avoid default which is what I would support.

It was late spring initially. Then when it was obvious nothing was going to happen by then it was moved back a couple times with the reasoning being that they could move money around or something to extend things. Let's see if they do not come up with another deadline.
 
I remember reading that the Democrats proposed cutting $50 billion in subsidies to the oil companies that are making record profits, and the GOP voted it down. The Health care Reform saves half a trillion dollars.

No it doesn't.

The Democrats have also proposed ending our wars in Afghanistan and Iraq. That will save us billions monthly!

Sheesh, Obama is expanding the wars. He was saying yesterday that we are going to stay in Iraq even longer. Look, I'm not one to blame all the debt on one guy. I'm not saying it's one guys fault. It's not. But the above type of things is why nothing gets done.
 
Back
Top Bottom