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Nationl Debt Tops $22 Trillion

We all lose again. How much longer can the government keep paying the interest on that burgeoning debt? Meanwhile, hyper partisans just want to blame the other party for an endemic problem than neither party is willing to address.

I thought Trump was supposed to be a conservative, and his opposition liberals. Not so. There are no conservatives in Washington.

Not sure what you want Trump to do, he has cut the Executive Branch budget and submitted a budget with actual department expense cuts. Time for term limits and quit catering to special interest groups to buy votes
 
It also does not matter how many times you repeat the same political argument, you end up ignoring political and economic reality.

The fact is the budget condition year to year is a matter of tax revenues to outlays. Both have to be balanced against aggregate demand indicators at the time, and no matter what you say the federal government is an active participant in the economy with its spending being a matter of GDP math. If you lower government spending from one year to the next you lower that number calculated into GDP.

If you make the political argument that there should be less taxation but then again do nothing for spending (which tends to be the real result political ideology aside,) then the net effect is the direction of deficit all the while ignoring aggregate demand. Since we tend to run a deficit year on year with very few exceptions anyway, you tax less and spend more or even the same you add to deficits. The reason is always the same, tax revenues on a trend line have an interrupt to some other line.

This happens time and time again. Reagan, Bush 43, Trump all the same.

If you take the political argument that there should be less taxation, or the rich should keep more to "trickle down," or whatever else the economic argument is what did that do to aggregate demand and what did that do to the federal budget. You matter your political take, the onus is on you to produce proof that trickle down economics works or that tax cuts pay for themselves. You've yet to do so.

You do not get to isolate the government from the economy only when politically convenient for you to do so. I provide empirical data from the same sources you use and more, you respond with rhetoric claiming you've won the debate on a level absent both political and economic reality.

And all the while you've taken the victory lap... spending still occurs, and deficits go up. Just as Trump is doing right now with his tax cuts.

We can continue to have a semantic debate about tax cuts coming to a cost to the budget all you would like, but it *still* does not remove the political and economic reality that those tax cuts will escalate our deficit, in turn will escalate the amount of Debt held by the Public (breaking auction records that you have zero answer to,) and will in turn add to Total Debt even faster (which is the point of this thread.)

And you have zero to offer in actual data to support the change, just the rhetoric.

Look, I have posted over and over again the revenue growth that has been generated the last year and the benefits state and local communities have received. You want to believe we would have had the same growth and same economic activity without the cuts then you have no understanding of individual finances where people spend less then they have higher taxes and tax cuts actually gave them more spendable income. I have provided the official results but you are going to believe what you want to believe for whatever reason.

your problem is you have no understanding of the budget process and no understanding as to the components of GDP or the individual line items in the budget so you want to focus solely on Income taxes for individuals and corporations. There are other revenue streams other than income taxes but those seem to be irrelevant to you. Maybe you should ask your parents what they did with the extra money in their take home pay or if you are married ask your wife or husband.

Stunning loyalty to the massive central gov't and so concerned about the federal bureaucrats getting more money and no concern at all about no budget and no interest to cut spending even with states and local governments getting record revenue. The radical left loves having people like you.
 
What exactly have I lost??

Every exchange we've had.

Suggest you get some help understanding the term INTEREST EXPENSE, then maybe a civics class so you can learn how the Congress works and how a President cannot spend a dime without Congressional Approval

Your lie has already been addressed.

c1a3a1e96c.png


For fiscal year 2018, the line item for interest outlays was $324 billion. I'm sorry you are both too stubborn and dishonest to accept reality.

Once again, you chose to reply to me without addressing a single point made.
 
And you don't know how to post data

You don't understand data, only partisanship, hypocrisy, and dishonesty.

pretty charts but no dollars on it just percentage changes and quarterly change means nothing, dollar changes means everything.

More ignorance. You're clearly in way over your head. Time to cut and run conman?
 
So do I, what's your point? We're talking about something that's happened in the last few quarters - a mere blimb on 70 years worth of data.

You didn't even know the data extends to the current. :lamo

Why are you even here?
 
Every exchange we've had.



Your lie has already been addressed.

c1a3a1e96c.png


For fiscal year 2018, the line item for interest outlays was $324 billion. I'm sorry you are both too stubborn and dishonest to accept reality.

Once again, you chose to reply to me without addressing a single point made.

Posted a link and Treasury data showing INTEREST EXPENSE, all paid by the TAXPAYERS whether as part of the budget or off budget still a taxpayer expense
 
Yes......


Then you don't know how to read the numbers just like you don't know how to post data on your charts, great lines that mean nothing. Your focus on Percentage change ignores dollars and the higher the GDP the lower the percentage change but better the end results if the dollars are there, 2 trillion GDP dollar increase in 2 years on top of all the other benefits that you ignore
 
Your opinion is of no consequence to the validity of the data sets provided.

What validity in your posts, wrong dates, wrong metrics as you use percentages and not total dollars. We benefit from dollars not percentages and the more the divisor the lower the percentage change and that means what? so 2 trillion in GDP growth in 2 years, 1.2 trillion this past year alone doesn't resonate with you?
 
You don't understand data, only partisanship, hypocrisy, and dishonesty.



More ignorance. You're clearly in way over your head. Time to cut and run conman?

Naw, I will stick around and make you look foolish with actual data not lines on a graph
 
You didn't even know the data extends to the current. :lamo

Why are you even here?

To do what we all do, make you look like the partisan leftwing hack that you are, incapable of competing in the private sector thus focusing on massive growth of the federal gov't
 
You didn't even know the data extends to the current. :lamo

Why are you even here?
LOL, can't argue on the facts, shift to trollery. Typical. :roll:
 
Posted a link and Treasury data showing INTEREST EXPENSE, all paid by the TAXPAYERS whether as part of the budget or off budget still a taxpayer expense

That's from the link Mr. Einstein. Maybe you should read what you post so not to put your whole leg in your mouth.
 
LOL, can't argue on the facts, shift to trollery. Typical. :roll:

My point was made and you are not able to refute it. Learn how to read a chart before responding to posts that contain them.
 
To do what we all do, make you look like the partisan leftwing hack that you are, incapable of competing in the private sector thus focusing on massive growth of the federal gov't

As the least respected member on this forum, your opinion doesn't matter. You clearly cannot articulate thoughts properly, understand data, or make a coherent argument.
 
Naw, I will stick around and make you look foolish with actual data not lines on a graph

And now you show more ignorance of data analysis. A graph is data Mr. Einstein.
 
That's from the link Mr. Einstein. Maybe you should read what you post so not to put your whole leg in your mouth.

The interest expense was 523 MILLION dollars, that is reality and a fact JACK according to Treasury, you have a problem with it, I gave you the contact information
 
My point was made and you are not able to refute it. Learn how to read a chart before responding to posts that contain them.
Follow your own advice. Your abject incompetence is actually looking at a chart and understanding what it is saying is astounding.
 
Nothing i have posted is invalid in any way. Sorry that you cannot comprehend why.

Yes, you said revenue dropped and that is a lie, and then you totally ignored record consumer spending, state and local tax revenue, record charitable contributions, record S&P dividends all apparently in your world would have happened without the tax cuts because we know the American consumer always spends more when their withholding to the gov't is higher. You are very poorly informed leftwing radical

The numbers speak for themselves, 2018 will generate enough to exceed 1.2 trillion in GDP for the fiscal year and added to 2017 will exceed 2 trillion dollars, a U.S. Presidential record generated with the help of 2.9 million new taxpayers in 2018. Numbers don't lie but you do
 
As the least respected member on this forum, your opinion doesn't matter. You clearly cannot articulate thoughts properly, understand data, or make a coherent argument.

Least respected?? By what poll and by people like you, BFD! Typical leftwing arrogance as if your opinion matters
 
Not sure what you want Trump to do, he has cut the Executive Branch budget and submitted a budget with actual department expense cuts. Time for term limits and quit catering to special interest groups to buy votes

how about not shutting down the government and declaring a national emergency in order to get the government to spend even more? Maybe not supporting a tax cut with no spending cuts to match? Maybe he could be a real conservative, and not just play one on TV.
No, no, that's asking too much.
 
how about not shutting down the government and declaring a national emergency in order to get the government to spend even more? Maybe not supporting a tax cut with no spending cuts to match? Maybe he could be a real conservative, and not just play one on TV.
No, no, that's asking too much.

Ever hear of a concept called Return on Investment? spending money and getting a return on that like reduced illegal immigration costs?? Sounds like something of value to me
 
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