Nationl Debt Tops $22 Trillion

[Conservative]

:cuckoo:













Holy ****ing crazy. This is the same exact **** you said yesterday. It's almost identical. I've already addressed and refuted each and every one of these responses. You're just repeating yourself and refusing to even acknowledge evidence that identifies the flaws in your reasoning. If you want to actually respond to what i've written... well, like you say, this is an open forum.

You have to say the same thing over and over again to people like you who are so bullheaded and stubborn unable to admit when wrong. You have refuted nothing but you have shown just how partisan and how context doesn't matter. This is a private sector economy with approximate 2/3 of our GDP being consumption/consumer spending. Keep ignoring the official results and keep promoting failure and I will keep drumming the actual verifiable data into your head, maybe it will sink in eventually

Charts of yours show no context, haven't backed up any of your charts with explanation and certainly haven't posted any line items in the budget showing the increases in deficits by category. Basic civics isn't something you understand or you would understand that Obama signed the 2009 budget and contributed mostly to the 2009 deficits, TARP was a loan, didn't cause any of the deficit, and was repaid but recycled by Obama. TARP recapitalized the banks and although I don't support bailing out any private sector business brought us out of recession but the worst recovery in MODERN history was all Obama's and his failed economic policies.

Thought about ignoring you again but enjoying this too much. There are three or four people in this forum that I will never put on ignore. You are one of them, this is way too much fun making you look foolish

 

[Dittohead not!]

It is a waste of time posting official numbers because that isn't what you want to believe. 2 trillion GDP Growth, 5 million jobs combined is the best performance of any President in history but for some reason you cannot admit it. You really need to get over your disdain for Trump

I quoted your numbers. Yes, official numbers can be relied on. Your interpretation of those numbers is what is highly questionable.

 

[Conservative]

I quoted your numbers. Yes, official numbers can be relied on. Your interpretation of those numbers is what is highly questionable.

Typical comments from a radical, interpret them for me, what is 142 million to 138 million. When did we get back to 146 million? Can't wait for your interpretation

 

[Lakryte]

No, you try to explain how a stimulus for shovel ready jobs that was signed in Mid February 2009 was a success that saw employment go down 4 million the first year and only recover 1 million the next year. For some reason you cannot admit you are wrong and for some reason you are loyal to Obama and his economic policies. It is sad to see so many buy rhetoric and ignore results. What is it about liberalism that creates this kind of loyalty.

By the way NEVER said the stimulus caused the creation of part time jobs for economic reasons only that the results show the loss of jobs thus failure

The recession didn't end until June of 2009. Had the stimulus not existed, even more jobs would have been lost. Again, you have failed to provide any data showing otherwise...as usual.

 

[Amelia]

Are the Trumpsters still making excuses for Trump giving away our grandchildren's money to corporate stockholders?

 

[Conservative]

The recession didn't end until June of 2009. Had the stimulus not existed, even more jobs would have been lost. Again, you have failed to provide any data showing otherwise...as usual.

And you know that how? 4 million wasnt enough? Your speculation shows how easy it is to indoctrinate good people, why such loyalty?

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[Lakryte]

And you know that how? 4 million wasnt enough? Your speculation shows how easy it is to indoctrinate good people, why such loyalty?

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I already cited economic data and research showing how. You have yet to debunk any of it, you just keep repeating your own assumptions. And clearly, that is all you are going to do.

 

[Conservative]

I already cited economic data and research showing how. You have yet to debunk any of it, you just keep repeating your own assumptions. And clearly, that is all you are going to do.

And yet no official verifiable source? You buy what you want to believe. BLS provides the official data thus you have nothing but opinions.

You have no problem spending 842 billion dollars to generate the official results and worst recovery in history?

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[Individual]

Trillion dollar debt milestones:
09/30/1982 $1,142,034,000,000.00
09/30/1986 $2,125,302,616,658.42
09/28/1990 $3,233,313,451,777.25
09/30/1992 $4,064,620,655,521.66
02/23/1996 $5,017,056,630,040.53
02/26/2002 $6,002,734,772,404.52
01/15/2004 $7,001,852,607,623.35
10/18/2005 $8,003,897,406,911.24
08/31/2007 $9,005,648,561,262.70
09/30/2008 $10,024,724,896,912.49
03/16/2009 $11,033,157,578,669.78
11/16/2009 $12,031,299,186,290.07
06/01/2010 $13,050,826,460,886.97
12/31/2010 $14,025,215,218,708.52
11/15/2011 $15,033,607,255,920.32
08/31/2012 $16,015,769,788,215.80
10/17/2013 $17,075,590,107,963.57
12/15/2014 $18,026,487,992,142.56
02/08/2016 $19,000,235,912,585.65
09/08/2017 $20,162,176,797,904.13
03/15/2018 $21,031,067,004,766.25
02/11/2019 $22,012,840,891,685.32

The next Trillion dollars debt increase will only be about a 4.5% increase. I would expect trillion dollar or more annual debt increases to be the new norm if government doesn't do something to start containing ITS spending.

 

[Dittohead not!]

Typical comments from a radical, interpret them for me, what is 142 million to 138 million. When did we get back to 146 million? Can't wait for your interpretation

I already did. Look at the January figures over a period of years, and you can see a downturn due to the recession, then in increase to more employment than before the recession.

 

[Conservative]

I already did. Look at the January figures over a period of years, and you can see a downturn due to the recession, then in increase to more employment than before the recession.

Not until 2014 did we get back to Pre recession levels and you buy the liberal "Great Depression" Term that probably didn't affect you at all but did affect countries in the world that rely on gov't spending for most of their GDP. Don't know what it is about Obama and liberalism but it is embarrassing to find people like you so biased and partisan that you cannot accept the failures of Obama's economic policies that led to the worst recovery in U.S. History. A better economic policy would have lessened the effects of the recession, but neither Obama or most of the left understand the private sector which none of the Obama stimulus creating the shovel ready jobs that demand creates

 

[JohnfrmClevelan]

The next Trillion dollars debt increase will only be about a 4.5% increase. I would expect trillion dollar or more annual debt increases to be the new norm if government doesn't do something to start containing ITS spending.

Can you explain why this is a bad thing?

 

[Conservative]

Can you explain why this is a bad thing?

Because debt service is money that can be used for better use than paying bond holders many of whom are foreign countries. 560 plus billion in debt service for 2018 could have been given back to taxpayers to help them become less dependent on the federal gov't

 

[JohnfrmClevelan]

Because debt service is money that can be used for better use than paying bond holders many of whom are foreign countries. 560 plus billion in debt service for 2018 could have been given back to taxpayers to help them become less dependent on the federal gov't

If the government can create all the money they want/need (and they can), then creating more for debt service does not decrease the amount they can create and spend on other things.

Next.

 

[Dittohead not!]

Not until 2014 did we get back to Pre recession levels and you buy the liberal "Great Depression" Term that probably didn't affect you at all but did affect countries in the world that rely on gov't spending for most of their GDP. Don't know what it is about Obama and liberalism but it is embarrassing to find people like you so biased and partisan that you cannot accept the failures of Obama's economic policies that led to the worst recovery in U.S. History. A better economic policy would have lessened the effects of the recession, but neither Obama or most of the left understand the private sector which none of the Obama stimulus creating the shovel ready jobs that demand creates

So, you think a recession that lasted six years is no big deal. According to what you just said, it ended two years before Trump took office, and yet you want to credit him for the end of the recession. Talk about hyper partisanship, and Trump really isn't even a Republican, just a conman that hijacked the party for his own aggrandizement.

Given that the recession was caused by a lack of oversight and regulation by the federal government, just what would you have done to end it sooner? What's your grand plan that, in hindsight, would have put an end to the recession in less time?

 

[Conservative]

If the government can create all the money they want/need (and they can), then creating more for debt service does not decrease the amount they can create and spend on other things.

Next.

This really has to be a joke, you have no concept of inflation or the value of money

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[VanceMack]

Trump and the GOPs continued greatest failing.

 

[JohnfrmClevelan]

This really has to be a joke, you have no concept of inflation or the value of money

So it should be no problem for an expert such as yourself to demonstrate how deficits or interest on the debt cause inflation. Have at it.

Or maybe you'll just come back with nothing, as usual.

 

[Conservative]

So, you think a recession that lasted six years is no big deal. According to what you just said, it ended two years before Trump took office, and yet you want to credit him for the end of the recession. Talk about hyper partisanship, and Trump really isn't even a Republican, just a conman that hijacked the party for his own aggrandizement.

Given that the recession was caused by a lack of oversight and regulation by the federal government, just what would you have done to end it sooner? What's your grand plan that, in hindsight, would have put an end to the recession in less time?

As I have stated you look at results and believe that the recession lasted six years whereas I look at the economic policies promoted and understand why it was the worst recovery in U.S. History. What i would have done was let the banks that needed TARP fail, let GM fail and not kick the can down the road, I then would have given the 842 billion stimulus to the private sector and create loans to private sector companies to take over GM and boot the unions out

 

[Conservative]

So it should be no problem for an expert such as yourself to demonstrate how deficits or interest on the debt cause inflation. Have at it.

Or maybe you'll just come back with nothing, as usual.

Deficits don't cause inflation, printing money without demand causes inflation. I would have thought someone as smart as you think you are would understand that but am learning that demand is a foreign concept to you

 

[JohnfrmClevelan]

Deficits don't cause inflation, printing money without demand causes inflation. I would have thought someone as smart as you think you are would understand that but am learning that demand is a foreign concept to you

"Printing money without demand"? What does that even mean?

Demand is (want + money). If the government is willing to pay people to make stuff, why do you think they won't produce?

 

[Conservative]

So it should be no problem for an expert such as yourself to demonstrate how deficits or interest on the debt cause inflation. Have at it.

Or maybe you'll just come back with nothing, as usual.

Post where I said deficits and interest cause inflation? Maybe reading comprehension is another subject you know little about

 

[Kushinator]

Because debt service is money that can be used for better use than paying bond holders many of whom are foreign countries. 560 plus billion in debt service for 2018 could have been given back to taxpayers to help them become less dependent on the federal gov't

:liar2

You've been shown this to be a lie, because after i corrected and explained the discrepancy, you continue to push this nonsense.

Interest outlays from the federal budget:

 

[Conservative]

"Printing money without demand"? What does that even mean?

Demand is (want + money). If the government is willing to pay people to make stuff, why do you think they won't produce?

Figure it out oh intelligent brilliant one. Gov't doesn't make things, gov't creates dependence and debt but does provide for the common defense. Are you now calling for Gov't to take over production of goods and services? The best country on the face of the earth and you are trying to destroy it

 

[Conservative]

:liar2

You've been shown this to be a lie, because after i corrected and explained the discrepancy, you continue to push this nonsense.

Interest outlays from the federal budget:

Is that chart supposed to show something other than the fact that it is rising and is now the fourth largest budget item? Total debt not just public debt is what Treasury shows, 523 billion dollars!!

Government - Interest Expense on the Debt Outstanding


Looks like about an 80 billion dollar increase in fiscal year 2018