Inflation Or Bank Collapse, Which To Choose?

[Independentthinker]

January 2017 to January 2021.

As soon as Trump took office, he and the Republican Congress set about doubling the deficit, after it was halved during the Obama years.

How revealing you that you are ignorant of this. This is why I call your kind willfully blind monkeys.

First, the Trump tax cuts increased revenues but we spent more and every dollar we spent was sent to Trump's desk and signed off on by Democrats.

 

[Independentthinker]

Another thing the willfully blind monkeys shut their eyes to:

Trump says he wants a bigger stimulus package than the $2.2 trillion amount that Democrats are seeking​

​

Democrats sent him the package to sign.

 

[g5000]

You can't run up $16 trillion of debt (Obama and Trump) and not expect it to come back and bite you in the ass one day.

Just like with the housing bubble delusion that house prices would go up forever, everyone in government and at the Fed thought ZIRP could go on forever, and therefore all that debt would not manifest into astronomical interest rate risk someday.

Our politicians, both left and right, were knowingly and willfully artificially juicing the GDP growth figures by borrowing and spending like drunken sailors in a whorehouse.

And the tard herd kept falling for it.

"Them there other congress critters spend too much on PORK, but my guy brings home the BACON."

 

[Independentthinker]

I explained why we have inflation today and the interest rate risk we have today ten years ago:

The Fed's Bond Bubble Doomsday Machine

When you buy a bond, you are making a loan to the issuer. That bond is money owed to the buyer, making it an asset. When the Federal Reserve buys a US Treasury bill, note, or bond, it is making a loan to the federal government because the federal government has appropriated more spending than...

www.usmessageboard.com

LOL. I hate arrogant people who think they are smarter than everyone else.

 

[Independentthinker]

You can't run up $16 trillion of debt (Obama and Trump) and not expect it to come back and bite you in the ass one day.

Just like with the housing bubble delusion that house prices would go up forever, everyone in government and at the Fed thought ZIRP could go on forever, and therefore all that debt would not manifest into astronomical interest rate risk someday.

Our politicians, both left and right, were knowingly and willfully artificially juicing the GDP growth figures by borrowing and spending like drunken sailors in a whorehouse.

And the tard herd kept falling for it.

"Them there other congress critters spend too much on PORK, but my guy brings home the BACON."

Democrats signed off and sent to the presidents every dollar that was spent. Even today, with the debt ceiling standoff, democrats refuse to even talk about cutting any spending.

 

[g5000]

First, the Trump tax cuts increased revenues but we spent more and every dollar we spent was sent to Trump's desk and signed off on by Democrats.

Um...retard? We had a Republican congress for Trump's first two years.

"Signed off by Democrats." Jesus H. Christ, your idiocy is risible.

Show me any Republicans who did not sign off on the $8 trillion of debt. Good luck with that.

You are lying. Flat out lying. Especially to yourself.

As for that tired bullshit talking point about tax cuts and revenues, your propagandists have neglected to tell you that revenues rose when Obama and Clinton raised taxes, too.

You know why that is? Because tax cuts and hikes have almost fuck-all to do with revenues so long as you stay inside a certain margin.
'
Tax revenues track with the state of the economy. Not tax rates.

Have you ever even bothered to look at federal revenues over time? I know you haven't because the facts jump right out at you.

 

[struth]

Um...retard? We had a Republican congress for Trump's first two years.

"Signed off by Democrats." Jesus H. Christ, your idiocy is risible.

Show me any Republicans who did not sign off on the $8 trillion of debt. Good luck with that.

You are lying. Flat out lying. Especially to yourself.

As for that tired bullshit talking point about tax cuts and revenues, your propagandists have neglected to tell you that revenues rose when Obama and Clinton raised taxes, too.

You know why that is? Because tax cuts and hikes have almost fuck-all to do with revenues so long as you stay inside a certain margin.
'
Tax revenues track with the state of the economy. Not tax rates.

Clinton raised taxes with a Dembot Congress, the economy hurt, then the GOP took over and Clinton admitted raising taxes was wrong

"Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too." Bill Clinton October 1995

 

[g5000]

Democrats signed off and sent to the presidents every dollar that was spent. Even today, with the debt ceiling standoff, democrats refuse to even talk about cutting any spending.

And where is the Republican budget? The House holds the purse strings according to the Constitution. As we speed toward a debt ceiling fiscal cliff, where is the Republican House budget?

Hmmmmm....

I guess it is more important to the Republicans right now to hold performative artistry hearings.

 

[Independentthinker]

Um...retard? We had a Republican congress for Trump's first two years.

"Signed off by Democrats." Jesus H. Christ, your idiocy is risible.

Show me any Republicans who did not sign off on the $8 trillion of debt. Good luck with that.

You are lying. Flat out lying. Especially to yourself.

As for that tired bullshit talking point about tax cuts and revenues, your propagandists have neglected to tell you that revenues rose when Obama and Clinton raised taxes, too.

You know why that is? Because tax cuts and hikes have almost fuck-all to do with revenues so long as you stay inside a certain margin.
'
Tax revenues track with the state of the economy. Not tax rates.

Have you ever even bothered to look at federal revenues over time? I know you haven't because the facts jump right out at you.

Almost all of the spending during Trump happened after Democrats took over in 2018 and signed off on by Democrats, mostly due to the pandemic, something you seem to want to avoid talking about.

 

[g5000]

Clinton raised taxes with a Dembot Congress, the economy hurt, then the GOP took over and Clinton admitted raising taxes was wrong

"Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too." Bill Clinton October 1995

And yet revenues went up. And the economy boomed all during the Clinton years. No president since has come even close to the job growth of the Clinton years.

You probably think no one notices that you put every penny of the debt of the Obama years on Obama, and yet you try to divert blame away from Trump for his debt.

I really don't know how you tards are able to compartmentalize your brains into full-on schizophrenia like that.

 

[Independentthinker]

And where is the Republican budget? The House holds the purse strings according to the Constitution. As we speed toward a debt ceiling fiscal cliff, where is the Republican House budget?

Hmmmmm....

I guess it is more important to the Republicans right now to hold performative artistry hearings.

The fact is Democrats own 2/3'rds of the federal government and have presented a budget with zero cuts to spending and refuse to even talk about cutting spending.

 

[Orangecat]

Inflation Or Bank Collapse, Which To Choose?​

I choose neither. AKA the Trump presidency.

 

[g5000]

Almost all of the spending during Trump happened after Democrats took over in 2018

Nope. As I said, Trump and the GOP Congress immediately started increasing the deficit.

Plus, this:

Trump says he wants a bigger stimulus package than the $2.2 trillion amount that Democrats are seeking​

Trump was a bigger spender than the Democrats!

Trump proposes record-high $4.7 trillion budget​

​

 

[g5000]

The fact is Democrats own 2/3'rds of the federal government and have presented a budget with zero cuts to spending and refuse to even talk about cutting spending.

The exact same thing is true of the Republicans.

Where is their budget, eh?

Hmmmmm...

This is incredible. You idiots actually buy the bullshit the GOP sells. That they are somehow fiscal conservatives. You actually believe this despite the REALITY that whenever they have controlled all of Congress and the White House, the deficit has EXPLODED.

How are you able to delude yourselves so thoroughly like that?

It's truly amazing.

 

[g5000]

During the Obama years, the deficit declined and declined and declined.

During the Trump years, the deficit exploded and exploded and exploded. Right out of the gate. BEFORE the pandemic.

And then during the pandemic, Trump wanted to buy votes with more stimulus money than even the Democrats wanted!


Yet somehow, certain retards think our spending problem is solely a Democrat thing!

 

[g5000]

Trump submits a record spending budget.

Trump calls for bigger stimulus than Democrats.

And all the tards sing, "Because Democrats."

 

[g5000]

But anyway, I explained the current interest rate risk and inflation in my Fed Bond Bubble Doomsday Machine topic ten years ago.

You could literally see this coming.

The propagandists are taking advantage of the rubes' ignorance by filling their pointy heads with a mountain of manufactured bullshit.

This has nothing to do with wokism, Ukraine, Jewish conspiracies, UFOs, Mexicans, China, global warming, the fleas on a whore's back, or the alcohol content of rum.

 

[struth]

And yet revenues went up. And the economy boomed all during the Clinton years. No president since has come even close to the job growth of the Clinton years.

You probably think no one notices that you put every penny of the debt of the Obama years on Obama, and yet you try to divert blame away from Trump for his debt.

I really don't know how you tards are able to compartmentalize your brains into full-on schizophrenia like that.

the economy boomed after the GOP took congress, and clinton got on board with their agenda. That's the simple fact

 

[Richard-H]

Let the free market reign!!!

If the banks can not survive with higher interest rates, let them collapse.

If other banks fill the gaps, then good for them.

If not , and the banking system collapse causes a major economic crisis, then socialize banking.

Bailing out banks is a form of socialism anyway. Why not go all the way?

At least with socialized banking, we'd all have equality in borrowing, instead of preferred institutions getting lower rates than everyone else.

 

[g5000]

the economy boomed after the GOP took congress, and clinton got on board with their agenda. That's the simple fact

Cool story, bro.

Meanwhile, in the Republican Budget Committee chamber: