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Missing persons alert!

GDViking said:
Planned parenthood have prevented more abortions than any crazy right wing pro life group ever has...
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And they have aborted more babies than any other national organization in America, while donating more money to democrats than any other organization in America. It only stands to reason that Planned Parenthood would donate hundreds of millions of dollars every year to democrat candidates in appreciation for the nearly one billion dollars a year it gets from government funding in return.
 
Moderate Right said:
I would be happy if we could just get the debt to gdp ratio under 100%.
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That might would help but how is the US ever going to do that unless it begins paying down the debt, which it has not begun to do in 50 years or more?
 
Moderate Right said:
Most people realize that when you have a crisis you have to take on a lot of debt. In fact, that is EXACTLY why we need to be serious about the debt when there isn't a crisis going on. When this crisis is over politicians need to grow some balls about containing at least the yearly deficit.
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Hi! Unfortunately, I can't speak for most people. I would also note that the need to take on [federal] debt is dependent upon the specific crisis. Mr. John Maynard Keynes, in his book, The General Theory of Employment, Interest and Money, treats of this at length. It reads just as well today as when published in 1936. Recent papers and articles by economists of the 'saltwater' school are also well worth the time to read.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.
 
I can only speak for myself, and I have said the same thing every time the debt has come up. I believe that is one of Trumps biggest failings. As for the two parties...they both spend like drunken sailors. There isnt a dimes difference between the two.

Its rather hard to take discussion on debt seriously though. As soon as the discussion comes up the first thing idiots do is rush to justify why THEIR person that ran up the debt didnt REALLY run up the debt, even though the debt doubled under their persons presidency. Literally no one cares about the debt...as long as a piece of that money being spent finds a way into THEIR pocket. And since people are so busy justifying why its OK that THEIR guy ran up debt, then I figure **** it. Go ahead and run up debt.

10 years from now, 20 years from now when the people paying for the debt are being crushed by the debt, do you think they are going to look at pieces of the debt and say "well golly...I dont mind paying for THIS half of the debt, because a democrat/republican was in office at the time." Or do you think they will say **** all of you assholes for cheering on your piece of **** politicians while they ran up this debt?

And if one of YOU are going to be the ones stuck with the tab at the end of the day? At this point? There's really only one thing left to say.

Sucks to be you.
 
marke said:
Only an idiot would think Obama did nothing to add to the debt even though he added more debt during his two terms that the total amount of all the debt added by all the presidents who came before him.
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Link? :)
 
maybe if we give them some tricorn hats, they'll remember. let's wait until the pandemic is over, however.
 
Torus34 said:
Where are all the very serious people who were warning us about the increasing federal debt? I've not heard from them in the last couple of years.

Any information as to their present whereabouts would be appreciated.

Thank you.
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They will be very easy to find in about 7 months.
 
marke said:
That might would help but how is the US ever going to do that unless it begins paying down the debt, which it has not begun to do in 50 years or more?
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As long as our economy grows at a faster pace than our debt, I have to admit that it is not really necessary to actually make principle payments. Fact is, we DO make principle payments, it's just that for every dollar in principle we pay off, we simultaneously borrow another $1.25.
 
OrphanSlug said:
Republicans love to complain about debt... when they are not in charge.
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It'll be the debt that Biden and the Democratic Party ran up in just a few short years.
 
Torus34 said:
Where are all the very serious people who were warning us about the increasing federal debt? I've not heard from them in the last couple of years.

Any information as to their present whereabouts would be appreciated.

Thank you.
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The Democratic Party answers that with "lives are more important than money."
 
Moderate Right said:
As long as our economy grows at a faster pace than our debt, I have to admit that it is not really necessary to actually make principle payments. Fact is, we DO make principle payments, it's just that for every dollar in principle we pay off, we simultaneously borrow another $1.25.
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Most interesting of all is that we pay interest on borrowed money that never actually existed. Rather, we are paying interest on IOUs from 3rd party super rich. We do not borrow money, only credit - which costs the lender NOTHING. We pay interest on a line of credit were the parties offering the line of credit don't have the money themselves.
 
Torus34 said:
Where are all the very serious people who were warning us about the increasing federal debt? I've not heard from them in the last couple of years.

Any information as to their present whereabouts would be appreciated.

Thank you.
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There is no such thing as a fiscal conservative left in DC anymore

Everyone wants to spend....it is just a matter of what programs they want to spend on

Whether they are D or R, they are responsible for the debts we are piling up

Presidents have very little power when it comes to spending....they can veto...that is it

They can shut down the government...and we see how well that has worked

No one wants to deal with the 800 lb gorilla in the room....

We have to tackle medicare, and social security....and we have to reduce spending....

Our debt service for 2018 was 523b dollars.....523 billion dollars!!!!

And that number keeps rising.....

The credit cards are maxxed....and soon, very soon, this massive debt is going to come crashing down on our kids and grandkids

And both sides will point at each other and say "they are to blame"

https://www.debatepolitics.com/gene...80929-question-trumpers-2.html#post1071159090

just one of MANY posts

maybe the OP should actually read the site?
 
joko104 said:
Most interesting of all is that we pay interest on borrowed money that never actually existed. Rather, we are paying interest on IOUs from 3rd party super rich. We do not borrow money, only credit - which costs the lender NOTHING. We pay interest on a line of credit were the parties offering the line of credit don't have the money themselves.
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Kind of mind boggling, isn't it? I want to charge interest to people for money that I don't even have. Now, that's the American dream.
 
joko104 said:
The Democratic Party answers that with "lives are more important than money."
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Hi!

I cannot speak for the Democratic Party. I make no claim of knowing what the Party stands for, short of the actual approved platform that will be available later this year.

I can only speak for myself. Given the choice, 'Your money or your life?', I would choose to retain my life.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.
 
rjay said:
They will be very easy to find in about 7 months.
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Hi! Thank you for the prediction. I hope to still be around then.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.
 
gdgyva said:
There is no such thing as a fiscal conservative left in DC anymore

Everyone wants to spend....it is just a matter of what programs they want to spend on

Whether they are D or R, they are responsible for the debts we are piling up

Presidents have very little power when it comes to spending....they can veto...that is it

They can shut down the government...and we see how well that has worked

No one wants to deal with the 800 lb gorilla in the room....

We have to tackle medicare, and social security....and we have to reduce spending....

Our debt service for 2018 was 523b dollars.....523 billion dollars!!!!

And that number keeps rising.....

The credit cards are maxxed....and soon, very soon, this massive debt is going to come crashing down on our kids and grandkids

And both sides will point at each other and say "they are to blame"

https://www.debatepolitics.com/gene...80929-question-trumpers-2.html#post1071159090

just one of MANY posts

maybe the OP should actually read the site?
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Hi! Thank you for your post.

Both Social Security and our medical system are fixable. What is first required is a dogma-free evaluation. That's a bit hard to come by in these times.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.
 
marke said:
I believe the authors of this article were right about the dangers our economy is facing at the moment with its massive increase in debt.
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You're confused!

Crowding out refers to competition for credit in a growing economy, i.e. deficit growth > GDP growth. In such a situation, private borrowers will pay a premium for obtaining credit in order to lure potential lenders away from the risk-free nature of public debt, which reduces investment.

Your source is not very credible.
 
:laughat:

marke said:
That might would help but how is the US ever going to do that unless it begins paying down the debt, which it has not begun to do in 50 years or more?
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It's a ratio! The best thing to do is to grow the denominator....
 
Torus34 said:
Where are all the very serious people who were warning us about the increasing federal debt? I've not heard from them in the last couple of years.

Any information as to their present whereabouts would be appreciated.

Thank you.
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They crawled up McConnell's ass and haven't been seen since.
 
OlNate said:
Link? :)
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National debt of the United States - Wikipedia


debt outstanding, in billions
$billions, US[123] Interest paid
$billions, US[124] Interest rate
2019 22,719 574.6 2.53%
2018 21,516 523.0 2.43%
2017 20,244 458.5 2.26%
2016 19,573 432.6 2.21%
2015 18,150 402.4 2.22%
2014 17,824 430.8 2.42%
2013 16,738 415.7 2.48%
2012 16,066 359.8 2.24%
2011 14,790 454.4 3.07%
2010 13,562 414.0 3.05%
2009 11,910 383.1 3.22%
2008 10,025 451.2 4.50%
2007 9,008 430.0 4.77%
2006 8,507 405.9 4.77%
2005 7,933 352.4 4.44%
2004 7,379 321.6 4.36%
2003 6,783 318.1 4.69%
2002 6,228 332.5 5.34%
2001 5,807 359.5 6.19%
2000 5,674 362.0 6.38%
1999 5,656 353.5 6.25%
1998 5,526 363.8 6.58%
1997 5,413 355.8 6.57%
1996 5,225 344.0 6.58%
1995 4,974 332.4 6.68%
1994 4,693 296.3 6.31%
1993 4,411 292.5 6.63%
1992 4,065 292.4 7.19%
1991 3,665 286.0 7.80%
 
Moderate Right said:
As long as our economy grows at a faster pace than our debt, I have to admit that it is not really necessary to actually make principle payments. Fact is, we DO make principle payments, it's just that for every dollar in principle we pay off, we simultaneously borrow another $1.25.
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Never be fooled into believing the US does not have to service its debt or pay back the money it has borrowed.
 
Kushinator said:
You're confused!

Crowding out refers to competition for credit in a growing economy, i.e. deficit growth > GDP growth. In such a situation, private borrowers will pay a premium for obtaining credit in order to lure potential lenders away from the risk-free nature of public debt, which reduces investment.

Your source is not very credible.
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No nation can escape its obligation to pay back the money it has borrowed. That may be what dummass professors are teaching in college today but it is a lie.
 
OrphanSlug said:
Go find one then, I only get concerned about deficit spending when Republicans increase it exclusively to benefit the highest percentage of the top income quintile devoid of any practical economic reasoning.
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So, then, you've had no problems with it sine this president was elected. Terrific!
 
code1211 said:
So, then, you've had no problems with it sine this president was elected. Terrific!
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That is the most ignorant post you have made so far, congrats.
 
code1211 said:
I've been in discussions with various Libs around here that are very concerned about the deficit since the president was elected.
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Didn't discuss it with me.

Debt created to pay people to stay sheltered is worth the cost. The interest the U.S. pays on this debt is near zero.

What I object to is increasing the deficit so to give the wealthy and corporations tax-cuts, because we really don't have to pay off the debt -- just make annual deficits below that of GDP growth, which can't happen if we're raising the deficit because of tax-cuts.
 
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