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[W:1422] Federal Deficit Soars

Re: Federal Deficit Soars

cpwill said:
:shrug: I'm no more in favor of needless massive deficits now than I was in 2009. Suddenly, however, lots of Democrats who just a few years ago were convinced that deficits caused economic growth Because Multipliers And Broken Windows seem to agree with me. Odd, that.
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What ever works in the current argument.......there is no need for consistency....the ends justify the means now......because we suck now.....
 
Re: Federal Deficit Soars

Hawkeye10 said:
What ever works in the current argument.......there is no need for consistency....the ends justify the means now......because we suck now.....
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Concur. Let's cut federal benefits for Boomers in order to protect the long tern nation's fisc. The Ends Justify The Means.
 
Re: Federal Deficit Soars

cpwill said:
Concur. Let's cut federal benefits for Boomers in order to protect the long tern nation's fisc. The Ends Justify The Means.
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Which is why THE REBELLION IS HERE.

We have to do better.

For the Kids!

AND US
 
Re: Federal Deficit Soars

Hawkeye10 said:
Which is why THE REBELLION IS HERE.

We have to do better.

For the Kids!

AND US
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Pretty sure "The Rebellion" is 100% in favor of smash-and-grab-and-get-what-you-can-and-screw-the-kids.
 
Re: Federal Deficit Soars

cpwill said:
:shrug: I'm no more in favor of needless massive deficits now than I was in 2009. Suddenly, however, lots of Democrats who just a few years ago were convinced that deficits caused economic growth Because Multipliers And Broken Windows seem to agree with me. Odd, that.
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Yet... you don’t bother to post about it anymore.
 
Re: Federal Deficit Soars

cpwill said:
Pretty sure "The Rebellion" is 100% in favor of smash-and-grab-and-get-what-you-can-and-screw-the-kids.
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So you got that wrong...Perhaps you could concentrate on the need for better, on the fact that America needs to do better..... Hell, we mostly cant even talk to each other anymore.

Hopefully I dont need to splain to you where that train always goes....
 
Re: Federal Deficit Soars

Carleen said:
The Republican Party used to stand for fiscal responsibility. Now both parties spend, spend, spend, but Trump is really spending.
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I'm not sure what part of history you are referring to? A look at this graph shows that deficits, in the last 40 years, have always grown under Republican presidencies. They are the billionaire's Party.
us_deficit_history.png
 
Re: Federal Deficit Soars

cpwill said:
:shrug: I'm no more in favor of needless massive deficits now than I was in 2009. Suddenly, however, lots of Democrats who just a few years ago were convinced that deficits caused economic growth Because Multipliers And Broken Windows seem to agree with me. Odd, that.
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Blinders, blinders, blinders. See my last post. Republicans are the deficit builders, and it looks like Trump will be one of the worst. Clinton and Gore are the only ones in modern times, able to achieve a positive budget deficit. Obama's first term saw huge deficit reductions, after the GW spending spree.
 
Re: Federal Deficit Soars

cpwill said:
Hooray! We're all gonna be as rich as Zimbabweans!!!
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We will. All the needs to happen is an astroriod to land on downtown Manhattan and for California to split off into the Pacific Ocean.
 
Re: Federal Deficit Soars

Rogue Valley said:
A nation that borrows to continue functioning is going to get eaten alive via interest payments.

By 2024 the US interest payments will be more than we spend on Defense ($730 billion budgeted for next year).

The Air Force sees the troubles coming and has already started up Trumps "Space Force" despite no funding currently budgeted for it.
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Interest is only an issue for nations without the control of its currency, like Greece. The United States Government is the closest thing to risk-free as one can get.
 
Re: Federal Deficit Soars

Threegoofs said:
Yet... you don’t bother to post about it anymore.
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I warned everyone what Donald Trump was in 2015 - told folks he was a big spender, who had zero interest in avoiding the debt crash, and would refuse to take the steps necessary (entitlement reform) to avoid it. I told them in 2016. I continue to be correct. You want me to say these deficits are destructive? Sure - absolutely they are; just as the previous' guy's deficits are destructive.

But I don't recall you admitting that about the previous guy ;)
 
Re: Federal Deficit Soars

Hedgology said:
We will. All the needs to happen is an astroriod to land on downtown Manhattan and for California to split off into the Pacific Ocean.
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Oh man, think about how much wealth the magical multiplier effect would produce if Manhattan were wiped out! Maybe we could get the entire Eastern Seaboard taken out - then we'd really be rolling in dough! :D
 
Re: Federal Deficit Soars

Media_Truth said:
Blinders, blinders, blinders. See my last post. Republicans are the deficit builders, and it looks like Trump will be one of the worst. Clinton and Gore are the only ones in modern times, able to achieve a positive budget deficit. Obama's first term saw huge deficit reductions, after the GW spending spree.
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Yeah, it's amazing how Congress somehow has nothing to do with producing a budget :roll:

Though, if you honestly truly believe that last, well, it's hard to imagine you'll prove any more interested in learning about civics than you are about math. Obama doubled down on the GW spending spree - and then made his expansion permanent.
 
Re: Federal Deficit Soars

Carleen said:
The Republican Party used to stand for fiscal responsibility. Now both parties spend, spend, spend, but Trump is really spending.
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You have to go all the way back to Dwight Eisenhower to find a time when the Republican Party stood for fiscal responsibility.
 
Re: Federal Deficit Soars

cpwill said:
Oh hey, check it out ya'll; Deficits are Bad again. :)
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Deficits are not bad. High deficits relative to GDP when you are not in a recession is what is bad. Example: A family that earns 140k a year and has 1300 dollar mortgage - not bad. A family that earns a 140k a year and has a 2500 dollar mortgage and very high credit card debt, bad. (in that case, its the credit card debt that is the biggest problem)
 
Re: Federal Deficit Soars

cpwill said:
Pretty sure "The Rebellion" is 100% in favor of smash-and-grab-and-get-what-you-can-and-screw-the-kids.
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You mean like ignoring GHG emissions even though it’s very clear we are going to screw our grandchildren by greedily fighting renewable energy?

Oh, wait. You think your side is the ‘responsible’ people. LOL
 
Re: Federal Deficit Soars

cpwill said:
I warned everyone what Donald Trump was in 2015 - told folks he was a big spender, who had zero interest in avoiding the debt crash, and would refuse to take the steps necessary (entitlement reform) to avoid it. I told them in 2016. I continue to be correct. You want me to say these deficits are destructive? Sure - absolutely they are; just as the previous' guy's deficits are destructive.

But I don't recall you admitting that about the previous guy ;)
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I thought Congress does the spending.

You know, that fiscal hawk Paul Ryan?
 
Re: Federal Deficit Soars

SouthernDemocrat said:
Deficits are not bad. High deficits relative to GDP when you are not in a recession is what is bad. Example: A family that earns 140k a year and has 1300 dollar mortgage - not bad. A family that earns a 140k a year and has a 2500 dollar mortgage and very high credit card debt, bad. (in that case, its the credit card debt that is the biggest problem)
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Deficits are inherently bad - they represent additional strain on the nations' fisc, opportunity lost. Sometimes they are less bad than the alternative (losing a war, for example), but that doesn't make them good.

And, in the example you bring up, what makes the difference is the size of the expenditure and the total debt load, both of which, yes, indicate more damage.
 
Re: Federal Deficit Soars

Threegoofs said:
I thought Congress does the spending.
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That's interesting. Could have sworn we had several government shut downs in which liberals insisted that that darn ole republican congress shouldn't be allowed to control spending, but rather President Obama should get his way.
 
Re: Federal Deficit Soars

Threegoofs said:
You mean like ignoring GHG emissions even though it’s very clear we are going to screw our grandchildren by greedily fighting renewable energy?
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I"m 100% in favor of expanding our energy sources, including the cleanest reliable source -good ole clean nuclear energy. Odd how the Green's aren't in favor of that.

The math on entitlement spending, however, is math. The panic over race suicide global cooling mass starvation the ozone global warming climate change I'll admit to being a bit less concerned about.
 
Re: Federal Deficit Soars

cpwill said:
That's interesting. Could have sworn we had several government shut downs in which liberals insisted that that darn ole republican congress shouldn't be allowed to control spending, but rather President Obama should get his way.
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So what you’re saying is that the important thing isn’t deficits, it’s what some partisans were saying half a decade ago.
 
Re: Federal Deficit Soars

phattonez said:
Who cares about who decreased the deficit. Has either party seriously put a dent into the national debt? No. So who cares? It's just a pissing contest. Both parties are controlled by those who profit from the debt, not those who pay it.
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Do you remember how we paid off the huge World War II debt? Well, we never did. We just made sure that economic growth was greater than the deficit, as a p% of GDP, and "grew" out of the debt. Back then, the total debt was about $220 billion or 120% of GDP. That $220 billion still on the books is insignificant.

The problem is that the Republicans in power are increasing the deficit, as a p% of GDP, making the situation worse in a good economy.

usgs_line.php
 
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Re: Federal Deficit Soars

Threegoofs said:
So what you’re saying is that the important thing isn’t deficits, it’s what some partisans were saying half a decade ago.
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No, the deficits are the important thing. But for the left to come out crying about them now is like if the Trump Base were to come out against incivility in tone in politics. They don't give a crap about deficits - they just want something else to hammer Trump with. :roll:
 
Re: Federal Deficit Soars

cpwill said:
No, the deficits are the important thing. But for the left to come out crying about them now is like if the Trump Base were to come out against incivility in tone in politics. They don't give a crap about deficits - they just want something else to hammer Trump with. :roll:
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Trump is gettting hammered for lots of other reasons than deficits.

It’s the Congressionsl GOP leadership, and members, who should be getting hammered on this point.

Constantly. By their constituents.

But I bet you’ll vote for them again in November.
 
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