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Thread: The $20 trillion dollar debt

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    Default The $20 trillion dollar debt

    Another sticky partisan debate.. One party wants to curb spending and the other wants to continue spending..

    https://www.allenbwest.com/matt-palu...o-trump-budget


    There were times in Barack Obama’s presidency where he would brag about having had lowered the deficit — which were hilarious examples of how to lie with statistics. “We’ve done all this while cutting our deficits by almost three-quarters,” Obama told us in his 2016 State of the Union address, after citing a whole bunch of other economic statistics.

    How could Obama, who nearly doubled the national debt to just south of $20 trillion claim to have reduced the deficit? Simple — run an explosive deficit in the trillions your first year in office, spend less in later years, then claim that as a decline.
    The largest deficit that George W. Bush ran was a $454.8 billion deficit during his last year in office. Obama ran his largest deficit his first year in office, of $1.415 trillion. Obama reducing the deficit to $552 billion by 2016 was what he meant by “cutting our deficits by almost three-quarters.”

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    Default Re: The $20 trillion dollar debt

    It would probably be a very different nation if the people line-item voted on what was spent on and who got the special tax breaks and who got to sell their services and products to the government.

    It would be interesting to see on a one time trial basis.
    The GOP who BS saying they are saving us money
    ...are oftentimes really just looking out for their own money...not the best interests of the nation.

    Do we really care about the military issues around the globe to the point of taking retirement away from seniors or healthcare from people or food....or making everybody work for nothing to pay down debt.
    If I were king our military would be gutted and reduced to the Natioal Gaurds and Coast Gaurds and we'd have the most secure borders in the world.........but all the foreign conflicts would end, bases would close.
    ..and the people who live here would live good....not take hits for rich people's worldly interests....Then we could live proudly and mean that we are great when we say it.

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    Default Re: The $20 trillion dollar debt

    slavenomore likes this.

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    Default Re: The $20 trillion dollar debt

    Be vigilant ?
    What can a mere grain of sand on the beach do to stop what is described in the video ?

    Nothing.

    Live and enjoy life to the fullest. It's all we have.

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    Default Re: The $20 trillion dollar debt

    It seems the old cries of too much debt no longer matters.
    Funny how priorities change. Now the new cry from the old radical right is spend spend spend ... at least on the military.

    Republicans spooked world markets in their ardor to cut spending when Democrat Barack Obama was in the White House. Now, with Republican President Donald Trump pressing for politically popular tax cuts and billions more for the military, few in the GOP are complaining about the nation's soaring debt.

    The tea partyers and other conservatives who seized control of the House in 2010 have morphed into Ronald Reagan-style supply-siders while the GOP's numerous Pentagon pals run roughshod over the few holdouts. Tax cuts in the works could add hundreds of billions of dollars to the debt while bipartisan pressure for more money for defense, infrastructure and domestic agencies could mean almost $100 billion in additional spending next year alone.
    The bottom line: The $20 trillion national debt promises to spiral ever higher with Republicans controlling both Congress and the White House.
    https://www.yahoo.com/news/tax-cuts-...l&uh_test=1_06

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    Default Re: The $20 trillion dollar debt

    Quote Originally Posted by fxstc07 View Post
    It seems the old cries of too much debt no longer matters.
    Funny how priorities change. Now the new cry from the old radical right is spend spend spend ... at least on the military.



    https://www.yahoo.com/news/tax-cuts-...l&uh_test=1_06
    They all fill their pockets and get favors from the bankers who will keep raking it in at our expense...and when the bottom falls out and they come to seize bank accounts like in Greece....they will be on some exotic Island with the banksters, with their money safe someplace else...while we lose everything.
    They have no conscience. None of them.

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    Default Re: The $20 trillion dollar debt

    Back to the national debt, or the inability to lower it, as promised.

    Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.” It may have been the boldest promise he’s ever made, considering the U.S. hasn’t been debt-free since 1835. The debt at the time was more than $19 trillion, and rising.
    But there’s little evidence to date he’ll even make a serious stab at debt reduction. The real question is how much the debt will increase during his term—or terms—in office. Based on what we know of his tax and spending goals, it appears likely to grow even faster under Trump than it was projected to rise before he took office.
    So tell the followers anything, because it doesn't really matter anyway. But it sure was important during the Obama administration to some people.

    The general public has gotten blasé, too. Just 52 percent of Americans surveyed by Pew Research Center in January said reducing the deficit should be a top priority for the president and Congress, down from 72 percent who said so when Obama began his second term.
    Like I had mentioned, it was just a rally cry from republicans and Trump supporters. Now, it doesn't matter, because we must spend spend spend !

    https://www.bloomberg.com/news/artic...luck-with-that

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    Default Re: The $20 trillion dollar debt

    There is no doubt Obama inherited a financial mess..But it is fact that he doubled the debt.

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    Default Re: The $20 trillion dollar debt

    Where do we make the cuts? I disagree with slave on cutting the military. Right now N. Korea and Iran are our biggest threats. But it's really China and Russia. Without our military where would we be? Quite possibly eating kimchi and borscht.
    crazy likes this.

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    Default Re: The $20 trillion dollar debt

    Quote Originally Posted by 2631 View Post
    Where do we make the cuts? I disagree with slave on cutting the military. Right now N. Korea and Iran are our biggest threats. But it's really China and Russia. Without our military where would we be? Quite possibly eating kimchi and borscht.
    I agree with you on the military.. That is the one thing that IMO was Reagan's strongest accomplishment .. It helped end the so called Cold war..
    2631 likes this.

 

 
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