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Thread: Deficit-swelling Trump White House plans to use deficit against Democrats

  1. #111
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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by Fletch View Post
    Thats because they dont give a **** about deficits and neither do you.
    Once again: deficit reduction should only occur when the economy is running at or above it's productive capacity. When we go into recession, or if the economy looks to be poised for a sharp decline, deficit spending bridges an output gap. Your opinions of political economy clearly stem from partisan ignorance.
    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

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by Kushinator View Post
    Once again: deficit reduction should only occur when the economy is running at or above it's productive capacity. When we go into recession, or if the economy looks to be poised for a sharp decline, deficit spending bridges an output gap. Your opinions of political economy clearly stem from partisan ignorance.
    I didnt say anything about deficits themselves. I said that neither you nor democrats give a crap about deficits and the dems will not pass spending bills that reduce year over year deficits.

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by Mycroft View Post
    Republicans don't control the House.

    Your whataboutism is dismissed.
    As noted before, The Great Tendency: democrats tax and spend; republicans spend but donít tax. Thatís why in recent decades we have had lower or decreasing deficits with democrats in power, the opposite when republicans take over. Both parties spend but accuse the other party of warped priorities.

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by Fletch View Post
    I said that neither you nor democrats give a crap about deficits
    I do care about deficits... when the economy is operating at it's output potential:



    It's when rGDP is below pGDP that we should accelerate deficit growth, and when rGDP is above pGDP that we should decelerate deficit growth. You don't know anything about my position because it stems entirely from positive economics.

    and the dems will not pass spending bills that reduce year over year deficits.
    They won't have to... we are going to be in a recession in a year (red line falls below the blue line).
    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

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by Fletch View Post
    I didnt say anything about deficits themselves. I said that neither you nor democrats give a crap about deficits and the dems will not pass spending bills that reduce year over year deficits.
    Maybe you should look at the facts:

    US_federaldeficit.png

    See that negative deficit - that was Clinton/Gore. See the deficit from 2012 to 2017 - that was Obama. Now look at the years of the Republican presidencies. Do you see any falling deficits?

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by ludin View Post
    Right now the deficit is getting too high again.
    they need to get it under control.

    that will never happen.
    we are spending ourselves into the pit that we can't get out of.
    The point I was trying to make is the deficit is too high in terms of where we are in the economic cycle. We have had GDP growth and economic expansion for so long now that eventually there will be some sort of contraction.

    Tax revenues and spending should start to align when the economy is doing well, hence our deficits should fall. But that is not what is happening. Tax cuts and spend anyway mentality has forced deficits to go the wrong direction.

    And that means when we do have some sort of aggregate demand fault we will be in a condition where we are already adding to Debt held by the Public and Total Debt some $Trillion per year for FY 2019 going forward. And that will get that much worse when we actually do experience some sort of economic fault.
    "Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by Media_Truth View Post
    Maybe you should look at the facts:

    US_federaldeficit.png

    See that negative deficit - that was Clinton/Gore. See the deficit from 2012 to 2017 - that was Obama. Now look at the years of the Republican presidencies. Do you see any falling deficits?
    I find it amazing that when a Democrat is in the WH the Congress means nothing and it is all Democratic President's results but vice versa with a Republican in the WH. This discredited chart shows no context or understanding of economic policies and actual results Stunning ignorance by the radical left, Obama had a Democratic Congress in 2009-2010 and a Democratic Senate 2009-2014 with four straight years of trillion dollar deficits so where is that in your chart? Stop letting the left make a fool out of you

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by OrphanSlug View Post
    The point I was trying to make is the deficit is too high in terms of where we are in the economic cycle. We have had GDP growth and economic expansion for so long now that eventually there will be some sort of contraction.

    Tax revenues and spending should start to align when the economy is doing well, hence our deficits should fall. But that is not what is happening. Tax cuts and spend anyway mentality has forced deficits to go the wrong direction.

    And that means when we do have some sort of aggregate demand fault we will be in a condition where we are already adding to Debt held by the Public and Total Debt some $Trillion per year for FY 2019 going forward. And that will get that much worse when we actually do experience some sort of economic fault.
    On the contrary when the economy is strong as you claimed why isn't spending being cut? Why aren't social programs excluding Medicare and SS being returned to the states? Why hasn't the Trump budget proposal for 2019 even been discussed?

    For some reason big gov't liberals like you always want to focus on Federal Income taxes and federal revenue but never federal waste, fraud, and abuse along with social overreach.

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by Conservative View Post
    On the contrary when the economy is strong as you claimed why isn't spending being cut? Why aren't social programs excluding Medicare and SS being returned to the states? Why hasn't the Trump budget proposal for 2019 even been discussed?

    For some reason big gov't liberals like you always want to focus on Federal Income taxes and federal revenue but never federal waste, fraud, and abuse along with social overreach.
    Don't hijack another thread with your nonsense.

    Trump's budget proposal being ignored does not alleviate his responsibility in signing off on all other spending legislation coming out of Congress (nor does it ignore how that is being handled over the past 6 or more Congresses at least... including those under Republican control,) spending cuts also originate in Congress and Republicans did nothing over those two years they controlled Congress to deal with that, and Social Safety Net programs being returned to the states is a political position of yours.
    "Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.

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    Re: Deficit-swelling Trump White House plans to use deficit against Democrats

    Quote Originally Posted by OrphanSlug View Post
    Don't hijack another thread with your nonsense.

    Trump's budget proposal being ignored does not alleviate his responsibility in signing off on all other spending legislation coming out of Congress (nor does it ignore how that is being handled over the past 6 or more Congresses at least... including those under Republican control,) spending cuts also originate in Congress and Republicans did nothing over those two years they controlled Congress to deal with that, and Social Safety Net programs being returned to the states is a political position of yours.
    To be fair, actual spending legislation that gets signed is the least of our problems. Its all the mandatory spending that democrats put in place, and which Republicans are afraid to touch, that are causing us the most trouble. Even military spending is DOWN from 10 years ago. Meanwhile, healthcare spending alone has nearly doubled. Affordable Care just meant moving the cost to the taxpayers.

    Trump needs to be vetoing these bills, but he wont. And congress wont deal with it either. Nothing will change till the people throw them all out or the bottom 50% start paying their fair share if they want all these social programs.

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