US Debt Clock

Discussion in 'Economics & Trade' started by TheAngryLiberal, Jan 28, 2019.

  1. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    All good points, but our government still spends like a thief with a stolen credit card. As much as I would love to get into a conversation on which thief is better, its our fault for not holding them accountable. We should oppose government overreach even when we agree with what they are doing.
     
  2. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    So if I spend more than I take in and mitigate my damages by stealing from you, I am being responsible?
     
  3. Sanskrit

    Sanskrit Well-Known Member

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    The deficit increases because of fixed spending social programs and overlarge military, that's a fact, Trump has no control over it is another fact, and there's not a GD thing Trump or any Republicans can do about those in a climate of LW hegemony in MSM braying out lie narratives at any suggested, even mild reform. Even defense reform would be dishonestly distorted as "a threat to our Democracy!" and watch the whole lying LW Democrat MSM Complex turn military hawk on a dime. Don't bother lying and denying it.

    You and yours did that, you and yours created the disgusting "orangemanbad" media culture, you and yours will keep doing that, and you and yours will pay a heavy price for it in 2020. So stop insulting people's intelligence with the LIE that the overspending problem originated with Trump when in fact it originated mostly with Wilson, FDR, LBJ and all Congresses and Administrations who allowed the disease to spread.
     
    Last edited: Jan 28, 2019
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  4. WalterSobchak

    WalterSobchak Well-Known Member

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    Remember when Fox news and conservatives used to care about that clock?

    LOL, what happened?
     
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  5. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    Cut entitlements by 50% and the debt will eventually disappear.
     
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  6. Libby

    Libby Well-Known Member

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    You are owning this thread!
     
  7. fiddlerdave

    fiddlerdave Well-Known Member Past Donor

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    Really?

    Trump and Republicans, with 100% control of the spending, raised the military budget nicely!

    That "Trump has no control over it" and that the Republicans have no control it is such a transparent lie, I suggest use absurd lies only be used at drunken rallies where Red Caps and Tiki torches believe stories like these.
     
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  8. rahl

    rahl Banned

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    none of this anything to do with the fact republicans controlled congress for 2 years, and trump was president. They could have passed any budget they wanted in that time, but chose to slash revenues with their corporate welfare tax cuts, and then spend like drunken teenage girls, like they always do.
     
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  9. rahl

    rahl Banned

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    so will the economy
     
  10. Sanskrit

    Sanskrit Well-Known Member

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    The only lie is -your- lie in misquoting what I posted.

    Remember folks, ALWAYS have a written record of ANY discussion attempted with a leftist.
     
  11. FreshAir

    FreshAir Well-Known Member Past Donor

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    most of the spending now is the two 10+ year wars in the middle east and all the republicans tax cuts for the rich and mega corps

    Trump is setting new debt records every month
     
    Last edited: Jan 28, 2019
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  12. Sanskrit

    Sanskrit Well-Known Member

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    That's because I didn't post anything about republicans controlling congress for 2 years while Trump was POTUS. Care to reply to what I actually posted, Straw King? (as if)
     
  13. FreshAir

    FreshAir Well-Known Member Past Donor

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    there is a lot of republican spending we can cut in the middle easy.. but the reality is, we need to raise taxes back up on the rich, never should of been lowered
     
    Last edited: Jan 28, 2019
  14. Libby

    Libby Well-Known Member

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    It's funny, in post #6 I asked the OP for any program he would cut to reduce the debt, and so far it's been nothing but crickets from anyone but @Sanskrit, plus the predictable Democrat "raise taxes" responses, and otherwise it has been the same old "the other party's president spent more" crap, as if the blame game fixes anything. Sigh.


     
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  15. Sanskrit

    Sanskrit Well-Known Member

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    They are great at Orangemanbad (at least with respect to programming double digit IQ NPCs) and sign-spinning all their empty lie narrative advertisements repetitively, not so good at policy proposals or specifics. Same as when you ask them "how much taxation is enough? what % of income is 'enough? what is the fair share for average taxpaying Americans to pay?'" and get back more crickets. For gov-edu-union-contractor-grantee-trial lawyer-MSM Complex greedsters and creeps, there is NO "enough" in either spending or taxes.
     
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  16. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    "Republican spending"? The reality is that raising taxes on the rich does nothing more than reward irresponsibility. The idea that you are somehow entitled to some of what people earn simply because they have more, is just a way to justify theft. You have more than most. How much more should you be forced to pay?
     
  17. FreshAir

    FreshAir Well-Known Member Past Donor

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    I am all for a flat tax that taxes nobody for any money made under the poverty rate (rich or poor) and then everyone is taxed equally for every dollar earned over that

    and maybe have a tax for any money made over 10 million... a luxury tax so to say as its obvious today's super rich people no longer see it as an obligation to spend like they did in the old day

    so now what would you like to cut spending on.... any republican spending? war spending? military spending?
     
    Last edited: Jan 28, 2019
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  18. FreshAir

    FreshAir Well-Known Member Past Donor

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    war spending and military spending, you do realize most of the trillion in the debt were from the 2 Bush wars and the Bush tax cuts right

    spending on democrat programs did not rise under Bush, but the debt doubled, the military spending rose and tax cuts for the wealthy happened
     
    Last edited: Jan 28, 2019
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  19. wgabrie

    wgabrie Well-Known Member Donor

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    Here's what I think about cutting spending. Freeze the Federal Budget at its current level for 2 years instead of raising the values by a certain percent to keep pace with inflation. Cut by standing still.

    And then raise taxes on the hard working rich.
     
  20. FreshAir

    FreshAir Well-Known Member Past Donor

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    Trump can have his wall when he gets the debt paid off ;)
     
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  21. wgabrie

    wgabrie Well-Known Member Donor

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    Can we get a cradle to grave nanny state once the debt has been paid off??? :)
     
  22. FreshAir

    FreshAir Well-Known Member Past Donor

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    I prefer to be a pro-choice state - let people choose for themselves

    when Artificial Intelligence takes over we will become more socialist in nature, we will have too in order to survive as there will be very few jobs - so that time is coming
     
    Last edited: Jan 28, 2019
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  23. Mircea

    Mircea Well-Known Member

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    There is no national debt, and it only exists in the minds of Communists and Socialists.

    However, there is a federal debt.

    The federal debt consists of two components, the public debt and intra-government debt, but no national debt.

    Intra-government debt consists of the OASI and OADI Trust Funds, the HI (Medicare) Trust Fund, the SMI Trust Funds, the Railroad Retirement Trust Fund, trust funds for federal and military pensions, the EPA Super Fund, and a few others.

    Over time, as OASI Trust Fund special treasury securities are converted to make payments for Social Security benefits, the rate of increase of the federal debt actually slows.

    That's because many of the non-marketable special treasury securities have interest rates of 11%, and when they are converted, the debt is repackaged as marketable US Treasury Securities, and the rates on those are currently 2.25%.

    That means it costs less to service the marketable US Treasury bills, notes and bonds than it does to service the non-marketable special treasury securities.

    About 40% of your public debt is held by foreign States, foreign central banks, foreign banks, foreign corporations and other foreign investors, and the rest held by States, counties and municipalities, unions, corporations, insurance companies and other domestic investors.

    So long as those entities are willing to buy your debt, it really isn't an issue.
     
  24. wgabrie

    wgabrie Well-Known Member Donor

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    People often think there's a new world coming with the widespread use of AI, but I don't think we can really support everyone at this point in our development. We need a Unified Field Theory (UFT) that can turn energy into matter. Thus we can manufacture anything we need, and even synthesize food. And disintegrate trash we don't need back into energy. And we'd have limitless energy that is completely green and non-polluting.
     
  25. FreshAir

    FreshAir Well-Known Member Past Donor

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    we either find away to support everyone when AI comes along or people get suicidal and revolt .... I hope its the prior... but I am old enogh that I probably wont be here either way, the next generation will have to figure that one out
     
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