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Thread: Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit — and that is a c

  1. #161
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    Re: Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit — and tha

    Quote Originally Posted by ttwtt78640 View Post
    In other words, we are destined to let the federal government continue to grow and amass ever more debt until Austerity Day places the nation into utter chaos.
    If the federal government ever needed to extinguish its liabilities, then you might have a point. But they don't.
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    Re: Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit — and tha

    Quote Originally Posted by Huey Freeman View Post
    I swear to God, conservatives cannot come up with a sentence without a noun, a verb, and Obama. I reject whataboutism. Trump promised something and your response is something Obama said. If you can come up with an argument that does not rely on whataboutism, then I'll consider it. Till then, I'm out.
    IF you're going to continually blather on and on about what Trump "promised" what your beloved Dear Leader "promised" is germane to the discussion. Waving the "whataboutism" flag is a chicken poop attempt to deflect the discussion and hide the waver's hypocrisy.
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    Re: Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit — and tha

    [QUOTE=Bullseye;1070502270]
    Quote Originally Posted by Kushinator View Post
    Your party failed you. [/quo ote] I know better than to place religious fervor in a political parties. The GOP has done some good things, I don't expect perfection, nor do I expect to be pleased with everything they do. It's called the real world, you should join me here.


    Baseline is a political construct with little real world value. YOUR link is a page with dozens of links on it and you want to accuse me of credibility issues? hypocrite much?
    2017 and 2019 data set baseline projections are available in that link. There is no need to question the validity of my statements... I am more than familiar with said data.

    Your clearly not even aware of its existence.
    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: Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit — and tha

    [QUOTE=Kushinator;1070503089]
    Quote Originally Posted by Bullseye View Post

    2017 and 2019 data set baseline projections are available in that link.
    so were dozens of other documents.


    Quote Originally Posted by Kushinator
    There is no need to question the validity of my statements... I am more than familiar with said data.

    Your clearly not even aware of its existence.
    In how many years do actual income and spending match baseline? It's a bureaucratic tool with limited real world meaning.
    State of Liberalism Progress Report
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    2019: Where's my free stuff!

  5. #165
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    Re: Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit — and tha

    Quote Originally Posted by ttwtt78640 View Post
    Starting your plan of action with the need for two constitutional amendments makes it extremely unlikely to ever happen.
    where did I suggest TWO Constitutional amendments?
    Just one a Balanced budget amendment with some teeth in it so Congress and the President can NOT spend any more then we take in.
    and then a one percent sales tax that would be used ONLY to pay off the debt and would be rescinded agter it is paid off.
    Everybody including Corps.
    NO exceptions and it would not be deductible as an expense on any FIT or Corp. tax.
    we could have the debt paid off in a few years and be saving on the interest expense we pay now.
    and that money could be used for something else
    maybe even another tax cut as long as we have that balanced budget amendment
    have a nice night

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    Re: Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit — and tha

    Quote Originally Posted by Bullseye View Post
    so were dozens of other documents.
    We were discussing baseline budget projections. Would it make it easier for you if i linked the excel documents for January 2017 and January 2019?


    In how many years do actual income and spending match baseline? It's a bureaucratic tool with limited real world meaning.
    More ignorance.

    It's not about matching... it's about understanding how new laws and catalysts impact the budget. Notice how you made a statement pertaining to spending being higher than the baseline, only to contradict your own statement once your reasoning was shown to be invalid. Trump economic policy has driven the deficit to $1 trillion with unemployment less than 4%.

    Once again... your ideology has failed you.
    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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