You are absolutely correct. In my haste used the wrong term. It should be noted he ran a massive deficit every year though.
USCHO Fan Forum
This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!
-
The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.
POTUS Elect Trump II: We Are So Totally F%*#ed
- Thread starter dxmnkd316
- Start date
- Status
You are absolutely correct. In my haste used the wrong term. It should be noted he ran a massive deficit every year though.
Kepler
Si certus es dubita
Re: POTUS Elect Trump II: We Are So Totally F%*#ed
Not really. If we can winnow down the deficit and eventually reach balance, the debt itself will eventually die of inflation.
We're about 12 trillion in debt, and the Reagan tax cuts have transferred about 12 trillion dollars from revenue to the personal wealth of the 1%. It was a simple heist.
Abolish those tax cuts and apply a surcharge on the wealthy for having benefitted from middle class misery for the last 36 years, and we'll be back down to a manageable debt in a decade.
Not really. If we can winnow down the deficit and eventually reach balance, the debt itself will eventually die of inflation.
We're about 12 trillion in debt, and the Reagan tax cuts have transferred about 12 trillion dollars from revenue to the personal wealth of the 1%. It was a simple heist.
Abolish those tax cuts and apply a surcharge on the wealthy for having benefitted from middle class misery for the last 36 years, and we'll be back down to a manageable debt in a decade.
FlagDUDE08
Banned
ScoobyDoo
NPC
Re: POTUS Elect Trump II: We Are So Totally F%*#ed
Then they should not be forcing insurance companies to cover pre-existing conditions. Let them die or go bankrupt.
ROTFLMAO
Then they should not be forcing insurance companies to cover pre-existing conditions. Let them die or go bankrupt.
Not really, or at least not for the reasons most people give.
The problem with the debt that we're told by pundidiots and failed economists usually revolve around China calling in its Treasury bonds, and the dollar no longer being the world's reserve currency. Both of these are nonsense.
Even if China called in its about 1/20th or so of the total debt it owes, it wouldn't be too difficult for the govt to issue new debt to cover that. A 1 for 1 exchange if you will. If you want to get really extreme, the assets the federal govt holds, from oil/gas and mineral reserves to real estate, far far exceed the national debt, particularly the portion not owned by other federal agencies (The Fed, SSA, etc).
As far as the dollar no longer being the world's reserve currency, what exactly is going to replace it? The Euro, which may or may not exist in 10 years? The yuan, which the Chinese openly manipulate whenever it suits their purposes? The Zloty? Bitcoins?
What the debt/deficit does do IMHO is crowd out other spending needs in the yearly budget as it does need to be financed. What the US is faced with is like a household which doesn't bring in enough money each year to pay expenses so has run up a 20K credit card bill that you have to make minimum payments on. But, the equity in your house is worth 2M dollars. The debt is annoying, but not fatal to your long term financial prospects, as you could always sell your assets and be done with it.
The problem isn't the debt, it's the interest. All that money could be put to much more productive uses.
Re: POTUS Elect Trump II: We Are So Totally F%*#ed
Good luck with that.
When you have a system whereby one party gets elected to a position of power by someone else doing something for them, you necessarily create a spoils system. And once you step across that line, there will be no limit to the backscratching. If you're going to scratch it a little, you are already corrupted, so why not steal everything.
That's the way it's always been and the way it will always be. The differences in administrations is just a matter of degree.
Good luck with that.
When you have a system whereby one party gets elected to a position of power by someone else doing something for them, you necessarily create a spoils system. And once you step across that line, there will be no limit to the backscratching. If you're going to scratch it a little, you are already corrupted, so why not steal everything.
That's the way it's always been and the way it will always be. The differences in administrations is just a matter of degree.
unofan
Well-known member
No he didn't. The deficit the last three years has been below average in real terms.
unofan
Well-known member
And yet you vote for the spend and borrow party because guns and benghazi.
In a good economy with no wars and no significant infrastructure spending? How on earth can you say that makes any sense? The republicans certainly share blame in it as well.
I didn't realize reducing the debt was now part of the democrats agenda. It really is both parties though. That is why I have some hope with Trump(misguided as it may be.)
ScoobyDoo
NPC
Re: POTUS Elect Trump II: We Are So Totally F%*#ed
I can eliminate the debt right now. Eliminate Medicare/Medicaid. Call age a pre-existing condition. Stop forcing insurance companies to cover it. Leave the Medicare Tax in place until the debt is paid for.
Done.
See how ****ing easy it is?
I can eliminate the debt right now. Eliminate Medicare/Medicaid. Call age a pre-existing condition. Stop forcing insurance companies to cover it. Leave the Medicare Tax in place until the debt is paid for.
Done.
See how ****ing easy it is?
Re: POTUS Elect Trump II: We Are So Totally F%*#ed
This is a good example of an issue where Dem messaging is either non-existent or off the rails.
Now image a President Rover press conference
where some stupefied reporter working for a dishrag outlet like CNN or the NYT asks me in solemn terms how I plan on tackling the national debt in my upcoming administration.
ME: "Thank you Anderson\Wolf\Judith Miller. I noticed you didn't ask this question too often, and by that I mean at all, when Republicans held this office. No matter though. Lets talk deficits.
National debt is $20T dollars. Might seem like a scary # but math is our friend. Half of the debt is owned by other govt agencies like the Fed or Social Security. I don't think either one of them plans on bankrupting the Treasury. Most of the rest is owned by fellow Americans, from banks to individuals and their 401k's or pensions.
What I choose to focus on is how much is owned by hostile nations as that scares people the most. I don't think the Canadian or British govts are going to do us harm for example. Anderson/Wolfsy/Judy that amount is about $2T owned primarily by China. Yes, that's still too much but the US has $150T in oil/gas and gold & silver reserves. In short, we can easily cover any problems they might try to cause. Next question?"
----------------------------------------------------------------------------------------------------------------------------------------------
Debt has been used as an excuse by slimy politicians like Paul Ryan to cut entitlements which is like cutting your hand off to stop a paper cut from bleeding. Dems need to get much better at framing this issue. Otherwise you're continually stuck in a feedback loop of dealing with rising deficits caused by Republican tax policy and defense spending while you wait for a meek and compliant press core to hold them accountable (don't hold our breath).
This is a good example of an issue where Dem messaging is either non-existent or off the rails.
Now image a President Rover press conference
where some stupefied reporter working for a dishrag outlet like CNN or the NYT asks me in solemn terms how I plan on tackling the national debt in my upcoming administration. ME: "Thank you Anderson\Wolf\Judith Miller. I noticed you didn't ask this question too often, and by that I mean at all, when Republicans held this office. No matter though. Lets talk deficits.
National debt is $20T dollars. Might seem like a scary # but math is our friend. Half of the debt is owned by other govt agencies like the Fed or Social Security. I don't think either one of them plans on bankrupting the Treasury. Most of the rest is owned by fellow Americans, from banks to individuals and their 401k's or pensions.
What I choose to focus on is how much is owned by hostile nations as that scares people the most. I don't think the Canadian or British govts are going to do us harm for example. Anderson/Wolfsy/Judy that amount is about $2T owned primarily by China. Yes, that's still too much but the US has $150T in oil/gas and gold & silver reserves. In short, we can easily cover any problems they might try to cause. Next question?"
----------------------------------------------------------------------------------------------------------------------------------------------
Debt has been used as an excuse by slimy politicians like Paul Ryan to cut entitlements which is like cutting your hand off to stop a paper cut from bleeding. Dems need to get much better at framing this issue. Otherwise you're continually stuck in a feedback loop of dealing with rising deficits caused by Republican tax policy and defense spending while you wait for a meek and compliant press core to hold them accountable (don't hold our breath).
unofan
Well-known member
You said he ran massive deficits every year. He did not. He ran massive deficits for about three years, average deficits for two years, and below average deficits for three years.
ScoobyDoo
NPC
Re: POTUS Elect Trump II: We Are So Totally F%*#ed
This is awesome.
This is a good example of an issue where Dem messaging is either non-existent or off the rails.
Now image a President Rover press conference
ME: "Thank you Anderson\Wolf\Judith Miller. I noticed you didn't ask this question too often, and by that I mean at all, when Republicans held this office. No matter though. Lets talk deficits.
National debt is $20T dollars. Might seem like a scary # but math is our friend. Half of the debt is owned by other govt agencies like the Fed or Social Security. I don't think either one of them plans on bankrupting the Treasury. Most of the rest is owned by fellow Americans, from banks to individuals and their 401k's or pensions.
What I choose to focus on is how much is owned by hostile nations as that scares people the most. I don't think the Canadian or British govts are going to do us harm for example. Anderson/Wolfsy/Judy that amount is about $2T owned primarily by China. Yes, that's still too much but the US has $150T in oil/gas and gold & silver reserves. In short, we can easily cover any problems they might try to cause. Next question?"
----------------------------------------------------------------------------------------------------------------------------------------------
Debt has been used as an excuse by slimy politicians like Paul Ryan to cut entitlements which is like cutting your hand off to stop a paper cut from bleeding. Dems need to get much better at framing this issue. Otherwise you're continually stuck in a feedback loop of dealing with rising deficits caused by Republican tax policy and defense spending while you wait for a meek and compliant press core to hold them accountable (don't hold our breath).
This is awesome.
Would you not agree $500 billion dollars is a lot of money? You can justify it however you like, but it is still a frightening sum when there are no extraordinary items involved.
ScoobyDoo
NPC
Re: POTUS Elect Trump II: We Are So Totally F%*#ed
Our boondoggles around the globe eat that amount of money for breakfast.
Last edited:
aparch
Acetaminamerican
It certainly is. Let's just axe $598.5 Billion from the budget for the next four years. That should help put us on a financially stable platform.
<IMG width=400px SRC=https://media.nationalpriorities.org/uploads/discretionary_spending_pie,_2015_enacted.png>
- Status