US Debt Clock

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

  1. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,877
    Likes Received:
    63,190
    Trophy Points:
    113
    it's like a house of cards and people like Trump can upset the house.... we all hope not... but Trump is unpredictable
     
    Last edited: Jan 28, 2019
    Mr_Truth likes this.
  2. Pollycy

    Pollycy Well-Known Member

    Joined:
    Sep 24, 2008
    Messages:
    29,922
    Likes Received:
    14,183
    Trophy Points:
    113
    Gender:
    Male
    Have you gotten a look at what your wonderous radical Democrat 'stars' are advocating now? "Medicare-For-All"? Do you have any idea of how much a socialistic wet-dream like THAT is going to cost...?! $32.6 trillion over 10 years.... That's "trillion", with a "T"....
     
  3. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

    Joined:
    Jan 21, 2016
    Messages:
    28,151
    Likes Received:
    19,392
    Trophy Points:
    113
    You are incorrect. Tax cuts do not create debt; spending does. Increasing taxes only rewards irresponsibility. I don't care if they have a D or an R by their name, they have no respect for our hard-earned money. Its easy to blame the wealthy for the governments spending problems, but its not their fault.
     
  4. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    154,101
    Likes Received:
    39,232
    Trophy Points:
    113
    Gender:
    Male
    They got infiltrated by RINO's and the Democrats certainly don't care about deficits.
     
  5. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    154,101
    Likes Received:
    39,232
    Trophy Points:
    113
    Gender:
    Male
    And the Democrats DO care about deficits? Since when? Which announced Democrat for President is running on cutting spending and the deficit and the debt? What is Pelosi going to pass to control spending?
     
    Libby likes this.
  6. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    154,101
    Likes Received:
    39,232
    Trophy Points:
    113
    Gender:
    Male
    First national security spending is the highest priority spending by the government, all other spending comes afterwards. And the debt did not double under Bush budgets. Bush and the Republicans had a one year high of $400B and then as their tax cuts were phased in revenues soared and they handed the Democrats a paltry $161B deficit in 2007. The the deficits soared to $1,400B and remained over $1,000B for the next four years and the debt doubled under their fiscal mismanagement.
     
    Libby likes this.
  7. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    154,101
    Likes Received:
    39,232
    Trophy Points:
    113
    Gender:
    Male
    They're still picking up the cards the Democrats knocked over and restacking them. And if you are going to engage in such metaphors who has more experience in building BIG houses? Pelosi and Schumer or Trump?
     
    Last edited: Jan 28, 2019
  8. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,877
    Likes Received:
    63,190
    Trophy Points:
    113
    Bush kept the war costs off the books, tell us what dems passed and Bush signed into law that doubled the debt during those 2 years, you can't and you know it, cause dems did not pass any spending bills that doubled the budget - it was the Bush tax cuts and war spending that did it
     
    Last edited: Jan 28, 2019
    penner and Mr_Truth like this.
  9. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,877
    Likes Received:
    63,190
    Trophy Points:
    113
    Trump has never built anything in his life... lol
     
    penner and Mr_Truth like this.
  10. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    154,101
    Likes Received:
    39,232
    Trophy Points:
    113
    Gender:
    Male
    Wars are not budget items but they are part of the deficit, the supplemental spending bill for the wars in 2007 was $88B the deficit totaled $161B. And I have told you before the budgets of 2008 and 2009. In 2008 Bush was able to hold them to only a 10% increase with his threat of a veto and that budget ended with a $400B deficit but then with him leaving office in just 4 months they withheld the budget bill from him waiting for a President Obama or Preisdent Clinton and of course they got the former and he added his spending into that 2009 Omnibus bill and signed it into law. The Bush tax rate cuts produced a record 15% revenue increase and that final paltry $161B deficit. The debt went up because the Democrats hit that level of spending and kept the deficit over $1,000B until the Republicans finally forced sequester.

    So spare me the Democrats are the budget hawks and will fight the deficits. Which Democrats even care about it all they are all pledging is even more spending and higher deficits.
     
  11. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,877
    Likes Received:
    63,190
    Trophy Points:
    113
    Dems did not raise the budget, republicans did, you can try to spin it but the Bush tax cuts and war spending are bankrupting us and not the Trump Corp tax cuts on top of that
     
    AZ. and Mr_Truth like this.
  12. nopartisanbull

    nopartisanbull Well-Known Member

    Joined:
    May 5, 2018
    Messages:
    7,195
    Likes Received:
    3,242
    Trophy Points:
    113
    Gender:
    Male


    Your fiscal numbers and comparisons are irrelevant to me due to the fact both democrats and republicans were responsible for the financial crisis.

    My solution; Let's get rid of our two major parties/partisan sicko's
     
  13. Mr_Truth

    Mr_Truth Well-Known Member

    Joined:
    Jan 23, 2012
    Messages:
    33,372
    Likes Received:
    36,882
    Trophy Points:
    113
    Gender:
    Male


    Click search for all the previous discussions on Democrats who tried to reform the Tax Code such as Obama who sought to end all foreign tax shelters. Guaranteed - you will learn a great deal.
     
  14. nra37922

    nra37922 Well-Known Member

    Joined:
    Nov 27, 2013
    Messages:
    13,118
    Likes Received:
    8,506
    Trophy Points:
    113
    Gender:
    Male
    Phony baloney money anyhow. Not backed by anything.
     
  15. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    did you forget there is a recorded written record of your posts here?

    So, as we can see, my post showed that trump and republicans did of course have control over it.
     
    AZ. likes this.
  16. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    154,101
    Likes Received:
    39,232
    Trophy Points:
    113
    Gender:
    Male
    Wrong the Democrats increased spending just as I stated for FY2008 forward until the Republicans took back the House and instituted sequester. You can try to spin it all you want but the Bush tax rates cuts produced a strong economy and revenues hit a 15% increase and the last Republican deficit then was a measly $161B. Capital gains tax revenues were DOUBLE that under Clinton at HALF the rate.
     
  17. Sanskrit

    Sanskrit Well-Known Member

    Joined:
    Feb 12, 2014
    Messages:
    17,082
    Likes Received:
    6,711
    Trophy Points:
    113
    1. Quotes half of sentence in large letters.
    2. Ignores second half with the meat of the point entirely "in a climate of LW hegemony in MSM braying out lie narratives at any suggested, even mild reform."
    3. Repeats the straw man/omission of necessary context in print for all to see... while appealing to the written record.

    ...and just like that, yet another LW Irony Universe BANGS into existence!

    Is it any wonder that they come to have the political, historical awareness and beliefs they do?
     
    Last edited: Jan 29, 2019
  18. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    154,101
    Likes Received:
    39,232
    Trophy Points:
    113
    Gender:
    Male
    Well my post was addressed to someone else but they are still the facts and we still have the two parties and one is certainly more fiscally responsible than the other as the history shows especially the more conservative members of that party. But if you don't want to discuss the debt/deficit/budget then don't engage in it.
     
  19. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    I'm sorry that you got caught pretending you didn't say what you did, or that my response addressed it. Just like I'm sorry that facts shatter your ideology.
     
    AZ. likes this.
  20. Sanskrit

    Sanskrit Well-Known Member

    Joined:
    Feb 12, 2014
    Messages:
    17,082
    Likes Received:
    6,711
    Trophy Points:
    113
    Remember folks...
     
  21. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    154,101
    Likes Received:
    39,232
    Trophy Points:
    113
    Gender:
    Male
    You do realize that the Democrats took back the Congress January of 2007 for FY2008. That Bush was able to hold down some of their spending in FY2008 but they cut him out completely for FY2009. What you see 2004 through 2007 was a result in part due to the tax rate cuts which put the economy into a strong growth period and cut unemployment and spending restraint due to Republican policies.

    Do we need more conservative Republicans like early mid 2000's and late 1990's where they actual had budget surpluses? You betcha. Are there any such fiscal conservatives on the Democrat side, I don't see them do you?
     
  22. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    yep. always remember there is a written record here so when righties pretend they didn't say something, or when you make a point which directly addresses something they did say, you can shove it back in their face, as I just did. Lol
     
  23. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    there is no such thing as a fiscal republican. republicans outspend democrats by a huge margin. Every time repubs are in power, the national debt increases orders of magnitude more than when dems are in power.
     
  24. Durandal

    Durandal Well-Known Member Donor

    Joined:
    May 25, 2012
    Messages:
    55,681
    Likes Received:
    27,214
    Trophy Points:
    113
    Gender:
    Male
    Bush spent our money like a drunken sailor on the military. 9/11 was still fresh in our minds and his adventures in the Middle East, including his invasion of Iraq under false pretenses, were still going strong, after all. What I see on the Democratic side is policies that cover government spending rather than slash taxes and promise the moon while the US expands its deficit and debt massively in the short-term. We also saw the withdrawal of troops from Iraq in December 2007, surely a money-saving move.

    Republicans can't argue honestly, it seems. Always have to cling to myths instead, because the Republican party never lives up to the ideals. You can only attack your party's politicians when they go against the mainstream at the time, like when some Republican senator dares to defy MAGA. Then, and only then, that senator or Congresscritter is fair game. Otherwise they can all do no wrong and everything is Democrats' fault in your mind.
     
  25. nopartisanbull

    nopartisanbull Well-Known Member

    Joined:
    May 5, 2018
    Messages:
    7,195
    Likes Received:
    3,242
    Trophy Points:
    113
    Gender:
    Male
    If you want to discuss DEFICITS, then let's talk about the biggest robbery of all time;

    Question: What were Clinton's and Bush's total FOASI/DI excess contributions, WHICH THEY'VE IOU'ED AND USED TO LOWER THEIR DEFICITS?

    Answer; Trillions!

    Thus, MINUS excess contributions, Bush's FY2007 deficit equates to $221 billion, in today's dollar, $275 billion, and only the partisan sickos will keep chanting $161B.

    Our major two parties have failed us, they no longer deserve our support.
     
    Last edited: Jan 29, 2019

Share This Page