Ronald Reagan raised the debt ceiling 18 times.

[BackAgain]

There is effectively no debt “limit” at all when it is always raised — each and every time.

We need a very determined GOP policy of electing only strict Constitutionalists.

Get a majority in both houses of Congress and refuse to pass any new budgets ever that exceed the prior debt limit. And then keep lowering that limit. And pasting budgets that require that all first budgetary lines must include (minimally) any debt interest due, and the. Some principle reduction.

Start elimination bullshit departments like the federal Department of Education. Fortify our ability to raise holy hell on cost overruns. Target the massive markups by our defense suppliers.

We all know what needs to be done. Kicking the can down the road is no longer acceptable. We need to start yesterday.

 

[tahuyaman]

Tell me more!

That was untrue.

 

[Toddsterpatriot]

Nope. Sorry, fag, facts is facts.

And you're a liar. Liar.

 

[Toddsterpatriot]

When Biden took office federal revenues were 17.36% of GDP. Spending was 29.26% of GDP, down from a high of 31.12% in 2020. In 2022 revenues were actually up, guess my radio source was off the mark, at 19.23%. But spending was DOWN, at 24.64% of GDP. You would not get to 4.4 trillion in total spending if you eliminated ALL of discretionary spending. I mean ALL OF IT. That is 16% of a 6 trillion dollar plus 2022 budget. You would still be short by half a trillion dollars. Like I said, the Republicans are not serious here. Social Security payments are about five percent of GDP, Defense spending is right at 3.5% of GDP.

Cut spending to 22% of GDP, that is about a half a trillion dollar cut and comes in at 5.61 trillion dollars. That is not achievable without trimming defense spending. Increase revenue to 22% of GDP and boom, you have a balanced budget. And that works out to my proposed dollar per dollar trade off for spending cuts and increased revenues.

Federal Receipts as Percent of Gross Domestic Product

Graph and download economic data for Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) from 1929 to 2023 about receipts, federal, GDP, and USA.

fred.stlouisfed.org

Federal Net Outlays as Percent of Gross Domestic Product

Graph and download economic data for Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) from 1929 to 2023 about outlays, federal, Net, GDP, and USA.

fred.stlouisfed.org

You would not get to 4.4 trillion in total spending if you eliminated ALL of discretionary spending. I mean ALL OF IT.

Break down the current spending. And the 2019 spending.

 

[LA RAM FAN]

Yeah, the China virus. You may have heard of the worldwide mess thanks to your pals in the CCP.

But Trump left the fool, Biden, 3-straight quarters of growth and energy independence. Which Biden messed up all around, topped off with Biden's inflation robbing people.

Yeah the fag that loves homos Obama and Biden likes to to live in this fantasyland that the economy was not soaring under trump before the virus hit and pretend that the Dems were not in bed with the ccp to have a worldwide mess.you so much owned him embarrassing him with shit all over his face in embarrassment checkmating the homo.

 

[Toddsterpatriot]

That was untrue.

What was untrue? Be specific.

 

[Winston]

True – Republicans never have a problem raising the debt ceiling when a Republican is in office.

Further proof that Republicans holding the country hostage with threats of a credit default has nothing to do with ‘decreasing’ government spending and everything to do with partisan political theater.

Absolutely correct. First step in negotiations should have been eliminating everything in the GOP bill that didn't have a damn thing to do with spending or revenue. Like the giveaways to the oil companies, the rolling back of clean energy initiatives, the work requirement for those on welfare, and eliminating those damn new IRS agents. The Republicans can get serious or go home for Memorial Day and Biden can unilaterally raise the debt ceiling and see how it plays out in court.

 

[tahuyaman]

Oh fuck off -- Reagan spent like a drunken sailor on weekend leave in a red light district. Yes, the Dems also spent but look at the scoreboard. The debt-GDP ratio doubled between 1981 and 1989. Facts are not your friends.

Reagan never spent a dime. The congress does that. Do you have any idea how government functions?

 

[multivita-man]

Which you have never had an interest in,that’s you that like to suck cocks,the fact you love homo obama.

You clearly perked up at the thought of sucking cock. That's on you, fag.

 

[Winston]

We need a very determined GOP policy of electing only strict Constitutionalists.

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.

 

[tahuyaman]

Absolutely correct. First step in negotiations should have been eliminating everything in the GOP bill that didn't have a damn thing to do with spending or revenue. Like the giveaways to the oil companies, the rolling back of clean energy initiatives, the work requirement for those on welfare, and eliminating those damn new IRS agents. The Republicans can get serious or go home for Memorial Day and Biden can unilaterally raise the debt ceiling and see how it plays out in court.

How could you address a debt ceiling without also addressing spending and revenues? Don’t they go hand in hand?

 

[multivita-man]

Reagan never spent a dime. The congress does that. Do you have any idea how government functions?

How can Congress spend anything without the president's signature?

Take a fucken civics class, fag.

 

[BackAgain]

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.

Zzz.

The debt isn’t questioned.

Next?

 

[LA RAM FAN]

Moonglow is the board's resident troll as well as its buffoon.

Indeed,he always contradicts himself,he will say he is not a Demonrat but then later contradicts himself by just talking about how the gop is corrupt but then runs off when you post facts of the corruption of the Dems how they were in bed with the old guard corrupt republicans back then.

 

[Winston]

How could you address a debt ceiling without also addressing spending and revenues? Don’t they go hand in hand?

Read the bill that passed. All kinds of shit in it that has nothing to with spending or revenues. Like a damn wish list for Republican PAC's. And the spending cuts that were proposed were just caps with no thought as to what programs to be cut. Political theater, nothing more.

 

[tahuyaman]

How can Congress spend anything without the president's signature?

Take a fucken civics class, fag.

Do you know how how government functions, queer bait?

 

[tahuyaman]

Read the bill that passed. All kinds of shit in it that has nothing to with spending or revenues. Like a damn wish list for Republican PAC's. And the spending cuts that were proposed were just caps with no thought as to what programs to be cut. Political theater, nothing more.

That’s a lie.

 

[Winston]

Zzz.

The debt isn’t questioned.

Next?

The hell it ain't. Refusing to raise the debt ceiling for spending that has already been passed by Congress is precisely what the 14th amendment addresses. What part of "authorized by law" do you not understand?

 

[Kondor3]

Ronald Reagan raised the debt ceiling 18 times.

Doesn't matter.

That was then.

This is now.

Time to get spending under control.

 

[Winston]

That’s a lie.

I have read the bill, you haven't.