Trump On Coming Debt Crisis: 'I Won't Be Here' When It Blows Up

Discussion in 'Political Opinions & Beliefs' started by Guyzilla, Dec 5, 2018.

  1. Guyzilla

    Guyzilla Well-Known Member Past Donor

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    This is why CARTER is such a HEMAN and HERO. He told us we were going to have to learn how to live within our means. WE HATED HIM and called him a FAILED President.
     
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  2. Guyzilla

    Guyzilla Well-Known Member Past Donor

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    The outlook on our human dignity is at stake. And our progeny
     
  3. Turin

    Turin Well-Known Member

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    Im sure the trillions of dollars spent on wars started by a Republican president had NOTHING to do with our current economic issues either.... none at all..... Am I right comrade? eh?
     
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  4. Lee Atwater

    Lee Atwater Well-Known Member Donor

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    The first thing you notice when looking at the federal deficits from fiscal 2007 (the U.S. government fiscal year ends in September) is that it increased by almost $1 trillion from fiscal 2008 (two months before Obama was elected and four months before he was sworn in) to fiscal 2009. It remained over $1 trillion per year for four years and got below Bush’s last years deficit in fiscal 2015. It continued to decrease until Obama’s last year and has increased in Trump’s first year in office.

    https://www.forbes.com/sites/chuckj...-than-reagan-h-w-bush-or-w-bush/#503840a61917
     
  5. Lee Atwater

    Lee Atwater Well-Known Member Donor

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    AZ. likes this.
  6. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    Absolutely spot on. Bravo.
     
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  7. Mac-7

    Mac-7 Well-Known Member

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    Sez who?

    This is fake news
     
  8. Guyzilla

    Guyzilla Well-Known Member Past Donor

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    Says LOGIC. And paying attention. Which is why it befuddles you.
     
  9. Mac-7

    Mac-7 Well-Known Member

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    Ok

    Just as I said, its fake news
     
  10. Texas Republican

    Texas Republican Well-Known Member

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    Legitimate wars.

    Obama paying off friends and political allies? Not legitimate.
     
  11. Texas Republican

    Texas Republican Well-Known Member

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    The entire Obama “stimulus package” went to his friends and allies.
     
  12. Turin

    Turin Well-Known Member

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    There was NO legitimate reason to go to war in Iraq. NONE. ZERO. NADA.

    And the war in Afghanistan was debatable. I dont believe a full scale invasion was warranted.
     
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  13. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Yep, and people just blew money they don't have during black Friday like no tomorrow -- putting the shopping onto the credit card. We are not quite at 2006 craziness levels yet, when "buy now pay 2 years later" ads were commonplace. I don't know how any company could think it is a good business model to base sales on people who cannot afford to buy your stuff, unless they defer payments for two years.

    New car loans are at an average duration of 60+ months, with 72 month loans becoming common place. That tells you all you need to know about the financial health of the consumer: The average consumer can't really afford a new car, plain and simple. They buy them anyway on loaned money, eventually crashing the economy in the future when the loan service payments become unsustainable. And the car makers play along by making hay when the sun shines, probably knowing full well that someone who buys a car now on a 72 month loan won't be buying another car for the next 6 years. Boom and bust at its best.
     
    Last edited: Dec 6, 2018
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  14. struth

    struth Well-Known Member

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  15. Lee Atwater

    Lee Atwater Well-Known Member Donor

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  16. Lee Atwater

    Lee Atwater Well-Known Member Donor

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    The issue is Don wants economic growth while he is prez and if that means getting it with increased deficit spending, an anomaly during times of GDP growth, he couldn't care less. It's about him, not the country.
     
  17. Lee Atwater

    Lee Atwater Well-Known Member Donor

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    DOW PLUNGES 700 POINTS, BRINGING 2-DAY LOSES TO 1,500 POINTS
     
  18. garyd

    garyd Well-Known Member

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    Bull tell me how how high redistribute wealth to some one other than bureaucrats and politicians?
     
  19. struth

    struth Well-Known Member

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    We have economic growth...and economic growth benefits everyone...not just the President. The President however, doesn't pass the budget...he certainly signs it, but doesn't pass it...it's on Congress to pass a budget, Congress is the main source of the deficit.
     
  20. garyd

    garyd Well-Known Member

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    Wrong deficit spending doesn't drive the economy the economy would be just fine without it. What drives the economy is wealth creation the higher your taxes the less wealth creation you'll have and the larger the underclass will be.
     

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