Missing persons alert!

Torus34 · Jul 3, 2020

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.

OrphanSlug · Jul 3, 2020

Republicans love to complain about debt... when they are not in charge.

code1211 · Jul 3, 2020

OrphanSlug said:
Republicans love to complain about debt... when they are not in charge.

I've been in discussions with various Libs around here that are very concerned about the deficit since the president was elected.

OrphanSlug · Jul 3, 2020

code1211 said:
I've been in discussions with various Libs around here that are very concerned about the deficit since the president was elected.

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.

Torus34 · Jul 3, 2020

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.

Hi! I believe you are referring to income redistribution, Republican style.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.

bongsaway · Jul 3, 2020

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.

We will see them magically reappear at the end of the first week of november when the dems take control of the government. Sadly for them, they can't do a thing about it except mouth off. They don't care about debt, it's all a talking point to rile up the base who hates taxes.

Torus34 · Jul 3, 2020

bongsaway said:
We will see them magically reappear at the end of the first week of november [sic] when the dems take control of the government. Sadly for them, they can't do a thing about it except mouth off. They don't care about debt, it's all a talking point to rile up the base who hates taxes.

Hi! Thank you for taking time to reply.

Those who are oh, so concerned about debt and deficit, when they do decide to comment, fail to buttress their remarks with factual data. We have enough historical data available to come to some general conclusions. Those are in conflict with the arguments expressed.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.

bongsaway · Jul 3, 2020

Torus34 said:
Hi! Thank you for taking time to reply.

Those who are oh, so concerned about debt and deficit, when they do decide to comment, fail to buttress their remarks with factual data. We have enough historical data available to come to some general conclusions. Those are in conflict with the arguments expressed.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.

Yeah, history tells us the republicans who are so concerned with spending are the ones who run up the debt the most when in control of government. Go figure?

calamity · Jul 3, 2020

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.

They are hiding in bunkers retweeting people yelling "White Power!"

Torus34 · Jul 3, 2020

bongsaway said:
Yeah, history tells us the republicans who are so concerned with spending are the ones who run up the debt the most when in control of government. Go figure?

Hi! No need to figure. The Republicans, by their own words and actions, save me the trouble.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.

Torus34 · Jul 3, 2020

calamity said:
They are hiding in bunkers retweeting people yelling "White Power!"

Hi! Thank you for your post.

They are also, through their wealth redistribution tax cuts, running up the tab as well as increasing the income/wealth disparity of these United States of America.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.

marke · Jul 3, 2020

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.

Who suffers the most when the US debt increases to dangerous levels? The poor, of course, as always, but even the rich will find that when the economony falters the benefits of owning wealth will also be diminished.

The Fiscal & Economic Impact of the National Debt

Imperiling the Safety Net. America’s high debt jeopardizes the safety net and the most vulnerable in our society. If our government does not have the resources and stability of a sustainable budget, those essential programs, and the individuals who need them most, are put in jeopardy.

KEY DRIVERS OF THE DEBT

calamity · Jul 3, 2020

marke said:
Who suffers the most when the US debt increases to dangerous levels? The poor, of course, as always, but even the rich will find that when the economony falters the benefits of owning wealth will also be diminished.

The Fiscal & Economic Impact of the National Debt

Imperiling the Safety Net. America’s high debt jeopardizes the safety net and the most vulnerable in our society. If our government does not have the resources and stability of a sustainable budget, those essential programs, and the individuals who need them most, are put in jeopardy.

KEY DRIVERS OF THE DEBT

So, you'll be voting for Biden then.

Torus34 · Jul 3, 2020

marke said:
Who suffers the most when the US debt increases to dangerous levels? The poor, of course, as always, but even the rich will find that when the economony falters the benefits of owning wealth will also be diminished.

The Fiscal & Economic Impact of the National Debt

Imperiling the Safety Net. America’s high debt jeopardizes the safety net and the most vulnerable in our society. If our government does not have the resources and stability of a sustainable budget, those essential programs, and the individuals who need them most, are put in jeopardy.

KEY DRIVERS OF THE DEBT

A question which is begged is this: What is a 'dangerous level?' There's a well-known economic paper written a while back that pegged it at 90% of GDP. I believe that has been surpassed, with no specific ill effects.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.

GDViking · Jul 3, 2020

code1211 said:
I've been in discussions with various Libs around here that are very concerned about the deficit since the president was elected.

Well the self proclaimed king of debt being in charge of the nation's budget should raise concerns.

Good Lord the man can't get a Payday loan in any civilized country except Russia.

I wouldn't let him near my change jar!!!

marke · Jul 3, 2020

calamity said:
So, you'll be voting for Biden then.

No, Biden does not have a plan and there is no indication that any of the leftists who are propping the decrepit old guy hope have a good plan either.

Help restore common sense to American economics. Vote republican in 2020.

calamity · Jul 3, 2020

marke said:
No, Biden does not have a plan and there is no indication that any of the leftists who are propping the decrepit old guy hope have a good plan either.

Help restore common sense to American economics. Vote republican in 2020.

Republicans have jacked up debt by increasing the deficit since Reagan. Dems have been the ones holding the line on spending money we don't have.

marke · Jul 3, 2020

Torus34 said:
A question which is begged is this: What is a 'dangerous level?' There's a well-known economic paper written a while back that pegged it at 90% of GDP. I believe that has been surpassed, with no specific ill effects.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.

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.

The Fiscal & Economic Impact of the National Debt

Reduced Private Investment. Federal borrowing competes for funds in the nation’s capital markets, thereby raising interest rates and crowding out new investment in business equipment and structures. Entrepreneurs face a higher cost of capital, potentially stifling innovation and slowing the advancement of new breakthroughs that could improve our lives. At some point, investors might begin to doubt the government’s ability to repay debt and could demand even higher interest rates — further raising the cost of borrowing for businesses and households. Over time, lower confidence and reduced investment would slow the growth of productivity and wages of American workers.

The danger is that the unsustainable debt will eventually cause the collapse of the whole country like so many former American corporate giants collapsed under the weight of their balooning costs, such as retirement benefits to former workers.

marke · Jul 3, 2020

GDViking said:
Well the self proclaimed king of debt being in charge of the nation's budget should raise concerns.

Good Lord the man can't get a Payday loan in any civilized country except Russia.

I wouldn't let him near my change jar!!!

Democrats want to spend more money on wasteful projects like the democrat fundraising organization, Planned Parenthood, while cities and states are going bankrupt from the effects of the coronavirus.

Put an end to wasteful spending and bad economic policies. Vote republican in 2020.

Moderate Right · Jul 3, 2020

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.

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.

marke · Jul 3, 2020

calamity said:
Republicans have jacked up debt by increasing the deficit since Reagan. Dems have been the ones holding the line on spending money we don't have.

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.

GDViking · Jul 3, 2020

marke said:
Democrats want to spend more money on wasteful projects like the democrat fundraising organization, Planned Parenthood, while cities and states are going bankrupt from the effects of the coronavirus.

Put an end to wasteful spending and bad economic policies. Vote republican in 2020.

Planned parenthood have prevented more abortions than any crazy right wing pro life group ever has...

Torus34 · Jul 3, 2020

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.

The Fiscal & Economic Impact of the National Debt

Reduced Private Investment. Federal borrowing competes for funds in the nation’s capital markets, thereby raising interest rates and crowding out new investment in business equipment and structures. Entrepreneurs face a higher cost of capital, potentially stifling innovation and slowing the advancement of new breakthroughs that could improve our lives. At some point, investors might begin to doubt the government’s ability to repay debt and could demand even higher interest rates — further raising the cost of borrowing for businesses and households. Over time, lower confidence and reduced investment would slow the growth of productivity and wages of American workers.

The danger is that the unsustainable debt will eventually cause the collapse of the whole country like so many former American corporate giants collapsed under the weight of their balooning [sic] costs, such as retirement benefits to former workers.

Hi!

Yup! We've certainly seen interest rates tracking right along with the national debt!!! We've also seen our corporations given the opportunity to return funds from overseas to invest in production. They used the money to buy back stock and scoop up small businesses.

'Nuf said. There's ideologically-driven economic speculation and then there's the actual record, written in time, of the happenings in the real world about us.

Regards, stay safe 'n well.

Sent from my old PC, using a cheap keyboard.

marke · Jul 3, 2020

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.

Like personal spending, if a private citizen borrows money to stay afloat during hard times he must still pay back the money no matter how hard that is. The US has not begun to pay back the money it has borrowed in 4 or 5 decades or more. We are now paying a billion dollars a day just in interest while paying nothing on the principle. Every day nothing is paid down on the debt that massive interest payment gets larger. Every year the interest payment on the debt increases the less money the US has to pay other bills. We are currently in real trouble when it comes to paying our bills and servicing our debt.

A private citizen should not expect the credit card companies to forgive his debt and neither should the US government assume all its creditors will forgive its debts either.

Moderate Right · Jul 3, 2020

marke said:
Like personal spending, if a private citizen borrows money to stay afloat during hard times he must still pay back the money no matter how hard that is. The US has not begun to pay back the money it has borrowed in 4 or 5 decades or more. We are now paying a billion dollars a day just in interest while paying nothing on the principle. Every day nothing is paid down on the debt that massive interest payment gets larger. Every year the interest payment on the debt increases the less money the US has to pay other bills. We are currently in real trouble when it comes to paying our bills and servicing our debt.

A private citizen should not expect the credit card companies to forgive his debt and neither should the US government assume all its creditors will forgive its debts either.

I would be happy if we could just get the debt to gdp ratio under 100%.

Missing persons alert!

Torus34

OrphanSlug

A sinister place...

code1211

OrphanSlug

A sinister place...

Torus34

bongsaway

Torus34

bongsaway

calamity

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Torus34

Torus34

marke

calamity

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Torus34

GDViking

marke

calamity

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marke

marke

Moderate Right

marke

GDViking

Torus34

marke

Moderate Right