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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.

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  1. Guyzilla

    Guyzilla Well-Known Member Past Donor

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    Bogus. Without going into hock, there CANNOT be sustained ECONOMIC GROWTH. This CAPITALISM, was designed, due to debt CREATING dollars etc, to fail if it does not continue to grow exponentially. That is IMPOSSIBLE without deficit spending.
     
    Guyzilla, Dec 6, 2018
    #51
  2. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Take the deficit spending out of the equation, and GDP growth would be were it was without the tax cuts. There is no such thing as a free lunch.

    In fact, it looks like deficit spending has bought us one quarter of 4% GDP growth, other than that one quarter economic numbers are on the same trendline since 2009. That's quite a $1.5 trillion bill for +1% GDP growth for one quarter.
     
    Quantum Nerd, Dec 6, 2018
    #52
  3. struth

    struth Well-Known Member

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    Vastly different then what they predicted....https://www.washingtonexaminer.com/...mulus-would-have-unemployment-below-6-by-2012
     
    struth, Dec 6, 2018
    #53
  4. jay runner

    jay runner Banned

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    It's one of two things Ross Perot was right about in 1992, but he really didn't give a damn about it.
     
    jay runner, Dec 6, 2018
    #54
  5. Jonsa

    Jonsa Well-Known Member Past Donor

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    of course not. wild arsed unsubstantiated accusations are presumptively true on a visceral emotional level within many tribes. That's why bumperstickers are so effective with the masses.
     
    Last edited: Dec 6, 2018
    Jonsa, Dec 6, 2018
    #55
  6. garyd

    garyd Well-Known Member

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    Nonsense. To the extent that the deficit is reflected by the tax cuts, you are basically arguing that a = b but only a matters.
     
    garyd, Dec 6, 2018
    #56
  7. garyd

    garyd Well-Known Member

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    Nonsense. Again the only thing government spending probably grows is government and to much government eventually produces economic stagnation.
     
    garyd, Dec 6, 2018
    #57
  8. Guyzilla

    Guyzilla Well-Known Member Past Donor

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    As an entire economy, I am correct. You cannot compartmentalize it like that. WEALTH, is fungible.
     
    Guyzilla, Dec 6, 2018
    #58
  9. Belch

    Belch Well-Known Member

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    I don't think enough people care about the national debt to make a populist president give it any thought. If people cared, Ron Paul would have won the republican nomination in 2012.

    If anybody is worried about the currency going south by way of Zimbabwe, all I can say is to invest in precious metals.
     
    Belch, Dec 6, 2018
    #59
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