About that debt ceiling. . .

[Admiral Rockwell Tory]

OK Perfessor

Then you provide the details of the study before you attack it

There should never have been a study you moron!

 

[White 6]

If you are going to cite history to make your point here, please use honest history and not the propaganda version.

So do you agree with or disagree with the OP?

Oh, I'm sorry. Which war did you like, after his security failure, and how much did your wealth and financial security increase due to his banking failure? I realize there are winners and losers, and just failed to take into account your possible position. Congrats!

 

[kyzr]

If Trump and company are successful in cutting government spending as much as they want to and that is rated a very good thing by most Americans, that balanced budget amendment might be possible.

But as long as Congress persons misuse and abuse their power in EVERY spending bill and continue to hide how much unnecessary, inefficient, ineffective, even corrupt spending they do, that amendment won't happen. Trump and his team are the first to seriously address that since Newt Gingrich and Tim Penny's reformers in the 1990's managed to give us the closest thing to a balanced budget we had seen in the 20th Century.

I'm not optimistic. IF Elon & Vivek can cut a $trillion or two from the Budget I'll be impressed.
More likely is that Trump will want his tax cuts first, so any Budget cuts will be eaten by the tax cuts.

If the democrats in the house combine with Chip Roy and his deficit hawks to kill the tax cut extension, then the Budget has a shot at saving the US dollar.

Republicans say tax cuts pay for themselves, that is a lie. No budget was ever balanced with tax cuts.

 

[otto105]

President Trump and his DOGE co-leaders of Musk and Ramaswamy the GOP Freedom Caucus are committed to eliminate as much as $2 trillion of waste, inefficiency, stupidity, duplication, corruption etc. from the federal budget and do that without cutting essential/necessary services. That won't happen on Day 1 or likely by day 300 as it will require a great deal of research, investigation, and consideration to get it done. But they are committed to do it.

Maybe they won't make the goal. But ANYTHING they can do to rein in an unfathomable, unmanageable monstrosity of federal government and turn it back into an entity that serve the people instead of demanding more and more resources to feed itself will help a great deal.

Does it really make the average American's life better for the federal government to spend hundreds of thousands of dollars in a grant for somebody to study whether pigeons follow the same economic principles as people? Millions for transgender studies is Pakistan?

$518,000 to study how cocaine affects the sexual behavior of Japanese quails?
$3 million to study how various substances affect hamster fights?
$1.7 billion to maintain unused and underused federal buildings?
$1 million to print a paper copy of the Federal Register furnished daily to members of Congress every one of which could read it on line?
Over $600,000 to Stanford University to digitize its collection of tickets, photos, T-shirts, and other memorabilia donated by the band, scholars, and fans?
Almost $900,000 spent by the IRS for unused warehouse space?
$500,000 to build an IHOPs in Washington DC to provide jobs for people there.
$2.5 million for the US Census Bureau to run a Super Bowl ad?
$6 million to The National Comedy Center in Jamestown NY?

These are the kinds of 'small potatoes' things that gets tucked into other appropriations bills including the CR bill they are now trying to get passed. That is on top of the many billions of unrelated pork that Congress forces into all legislation these days.

So we have a debt ceiling. And every three to six months we hit that debt ceiling, have this huge fight in Congress that usually results in some kind of compromise but invariably includes billions and billions of unnecessary, unneeded things that have nothing to do with keeping the government going.

And the debt ceiling is ALWAYS raised!!! The debt is real but the debt ceiling is essentially an artificial thing that means nothing.

So is President Trump that much out of line by saying eliminate the debt ceiling entirely to avoid these CR fights in Congress that invariably include additional billions in pork? All he asked is for is to do away with the essentially worthless debt ceiling and thereby eliminate the opportunity for unscrupulous congress persons to stick all that non essential spending into those CR bills that have become necessary every few months.

His request in no way does away with his intention to try to cut $2 trillion of unnecessary and/or inefficient and/or ineffective and/or wasteful and sometimes corrupt spending from the federal budget.

11 Bizarre Things the U.S. Government Actually Spent Money On

Did you know the government wasted $28 million on a bad wardrobe choice? You'll be blown away by these bizarre uses for government money.

www.rd.com

Government, the size you’re pining for can be found in Somalia move their fuck up

 

[White 6]

What's that hot mess?

Just my response to Rock's post #30.

 

[1srelluc]

Just my response to Rock's post #30.

LOL....Brain fart?

 

[j-mac]

Then enlighten the class. Your OP is all over the map. What point are you trying to make here? That we don't need a debt ceiling limit?

Do we even have one? Every time it comes up they extend/raise it…

 

[LeroyDumonde]

The government spends $3 trillion more each year than it did in 2019. I can cut $3 trillion from the deficit without breaking a sweat. We simply need to fund what we funded in 2019 and no more.

 

[JackOfNoTrades]

You've obviously never worked with a funding budget to run some entity, organization, government or whatever. Most especially a budget like our federal budget in which each department/agency gets more money only if they spend what they have been allocated. That is a blueprint for wasteful, inefficient, ineffective, unnecessary, even corrupt spending of great magnitude when you get into tens of billions of dollars. Your chart is meaningless to illustrate any of that.

The expenditures in the chart (Top 5) are the ONLY ones that matter. Your list amounts to something less than peanuts.
Also, I haven't even mentioned the tax increases that will be required to even approach a balanced budget.

 

[ThisIsMe]

President Trump and his DOGE co-leaders of Musk and Ramaswamy the GOP Freedom Caucus are committed to eliminate as much as $2 trillion of waste, inefficiency, stupidity, duplication, corruption etc. from the federal budget and do that without cutting essential/necessary services. That won't happen on Day 1 or likely by day 300 as it will require a great deal of research, investigation, and consideration to get it done. But they are committed to do it.

Maybe they won't make the goal. But ANYTHING they can do to rein in an unfathomable, unmanageable monstrosity of federal government and turn it back into an entity that serve the people instead of demanding more and more resources to feed itself will help a great deal.

Does it really make the average American's life better for the federal government to spend hundreds of thousands of dollars in a grant for somebody to study whether pigeons follow the same economic principles as people? Millions for transgender studies is Pakistan?

$518,000 to study how cocaine affects the sexual behavior of Japanese quails?
$3 million to study how various substances affect hamster fights?
$1.7 billion to maintain unused and underused federal buildings?
$1 million to print a paper copy of the Federal Register furnished daily to members of Congress every one of which could read it on line?
Over $600,000 to Stanford University to digitize its collection of tickets, photos, T-shirts, and other memorabilia donated by the band, scholars, and fans?
Almost $900,000 spent by the IRS for unused warehouse space?
$500,000 to build an IHOPs in Washington DC to provide jobs for people there.
$2.5 million for the US Census Bureau to run a Super Bowl ad?
$6 million to The National Comedy Center in Jamestown NY?

These are the kinds of 'small potatoes' things that gets tucked into other appropriations bills including the CR bill they are now trying to get passed. That is on top of the many billions of unrelated pork that Congress forces into all legislation these days.

So we have a debt ceiling. And every three to six months we hit that debt ceiling, have this huge fight in Congress that usually results in some kind of compromise but invariably includes billions and billions of unnecessary, unneeded things that have nothing to do with keeping the government going.

And the debt ceiling is ALWAYS raised!!! The debt is real but the debt ceiling is essentially an artificial thing that means nothing.

So is President Trump that much out of line by saying eliminate the debt ceiling entirely to avoid these CR fights in Congress that invariably include additional billions in pork? All he asked is for is to do away with the essentially worthless debt ceiling and thereby eliminate the opportunity for unscrupulous congress persons to stick all that non essential spending into those CR bills that have become necessary every few months.

His request in no way does away with his intention to try to cut $2 trillion of unnecessary and/or inefficient and/or ineffective and/or wasteful and sometimes corrupt spending from the federal budget.

11 Bizarre Things the U.S. Government Actually Spent Money On

Did you know the government wasted $28 million on a bad wardrobe choice? You'll be blown away by these bizarre uses for government money.

www.rd.com

$518,000 to study how cocaine affects the sexual behavior of Japanese quails?

Quail 1 to quail 2: "shit dude, I'm stoned out of my gord, and got a lead pipe in my pants..."

 

[Foxfyre]

The expenditures in the chart (Top 5) are the ONLY ones that matter. Your list amounts to something less than peanuts.
Also, I haven't even mentioned the tax increases that will be required to even approach a balanced budget.

And again we are back to really REALLY bad reading comprehension. A pity. You might not get so much wrong if you could just read and understand a bit better. But again have a great weekend while the rest of us discuss the OP.

 

[Foxfyre]

Oh, I'm sorry. Which war did you like, after his security failure, and how much did your wealth and financial security increase due to his banking failure? I realize there are winners and losers, and just failed to take into account your possible position. Congrats!

I would think you wouldn't go off into such left field diversion from the OP. But if you insist on doing that, then yes you should use honest history instead of the dishonest propaganda that you are using.

Meanwhile, the OP is a topic we should all be interested in. And care about. The seriously TDS afflicted as well as those damaged by dishonest propaganda probably aren't capable of understanding it but oh well.

 

[White 6]

I would think you wouldn't go off into such left field diversion from the OP. But if you insist on doing that, then yes you should use honest history instead of the dishonest propaganda that you are using.

Meanwhile, the OP is a topic we should all be interested in. And care about. The seriously TDS afflicted as well as those damaged by dishonest propaganda probably aren't capable of understanding it but oh well.

I only mentioned others that have raised debt ceiling and provided link to raises back through Ronald Reagan. This isn't like some brand new occurrence. Getting rid of the debt ceiling is a new one, for Musk and Trump. I am against it, while you must be for it. Sounds like political motivation, rather than conservative economics, to me.

 

[Foxfyre]

I'm not optimistic. IF Elon & Vivek can cut a $trillion or two from the Budget I'll be impressed.
More likely is that Trump will want his tax cuts first, so any Budget cuts will be eaten by the tax cuts.

If the democrats in the house combine with Chip Roy and his deficit hawks to kill the tax cut extension, then the Budget has a shot at saving the US dollar.

Republicans say tax cuts pay for themselves, that is a lie. No budget was ever balanced with tax cuts.

Trumps last tax cuts in his first term had money pouring into the U.S. treasury as well as increased the wealth and buying power of all American demographics. It is the prosperity of the private sector that is the goal, not increasing what government takes that is the goal.

So there are two dynamics at work.
1) Constructive economic policy that helps all Americans with greater liberty, choices, options, opportunity, prosperity
2) Decreasing the people's resources that are taken by government for wasteful, ineffective, inefficient, unnecessary, corrupt spending

As related to this thread the goal is not increasing the amount government has to waste/misspend but rather severely limit government's inclination and ability to waste/misspend the people's money

 

[rightwinger]

There should never have been a study you moron!

You claim to be an academic

Yet you believe that Scientific Research Grants get funded by saying……..I want to study the sexual practices of Japanese Quails under the influence of Cocaine

Sure…..here is $518,000

 

[Votto]

If Trump and company are successful in cutting government spending as much as they want to and that is rated a very good thing by most Americans, that balanced budget amendment might be possible.

But as long as Congress persons misuse and abuse their power in EVERY spending bill and continue to hide how much unnecessary, inefficient, ineffective, even corrupt spending they do, that amendment won't happen. Trump and his team are the first to seriously address that since Newt Gingrich and Tim Penny's reformers in the 1990's managed to give us the closest thing to a balanced budget we had seen in the 20th Century.

There is a very small chance a debt amendment would get added, but only if the states rose up to amend the Constitution themselves, something that has never been done before.

Congress simply is not going to restrict their power like that by restricting their spending.

It is like asking your stay-at-home wife who does nothing to help pay the bills stop using your credit card when she goes shopping

Yea, that's not going to happen without a nasty divorce.

 

[kyzr]

Trumps last tax cuts in his first term had money pouring into the U.S. treasury as well as increased the wealth and buying power of all American demographics. It is the prosperity of the private sector that is the goal, not increasing what government takes that is the goal.

So there are two dynamics at work.
1) Constructive economic policy that helps all Americans with greater liberty, choices, options, opportunity, prosperity
2) Decreasing the people's resources that are taken by government for wasteful, ineffective, inefficient, unnecessary, corrupt spending

As related to this thread the goal is not increasing the amount government has to waste/misspend but rather severely limit government's inclination and ability to waste/misspend the people's money

Trump's tax cut led to $7trillion in new borrowing.
We need to cut spending and raise revenue.

Elon and Vivek are supposed to ensure that money spent is the minimum necessary, with no waste and no fraud.

 

[kyzr]

You claim to be an academic. Yet you believe that Scientific Research Grants get funded by saying……..I want to study the sexual practices of Japanese Quails under the influence of Cocaine Sure…..here is $518,000

Let the private sector fund research. The government is broke, start with cutting the NIH budget.

 

[JackOfNoTrades]

And again we are back to really REALLY bad reading comprehension. A pity. You might not get so much wrong if you could just read and understand a bit better. But again have a great weekend while the rest of us discuss the OP.

Ok. So you're full of shit. Got it.
You always pull this crap.

 

[Foxfyre]

Trump's tax cut led to $7trillion in new borrowing.
We need to cut spending and raise revenue.

Elon and Vivek are supposed to ensure that money spent is the minimum necessary, with no waste and no fraud.

Only because a Democrat controlled Senate and House the last two years of his first term refused to allow him ANY necessary funding for anything unless they added whatever they wanted to the spending bills, And you can't count 2020 when the economy was essentially shut down. Massive amounts of money went out to keep people from starving and to meet the essential needs of the pandemic with little coming into the treasury. And even then Pelosi's philosophy of not letting a crisis go to waste unethically added massive amounts of pork in the pandemic funding.

It was not the tax reforms that increased the deficit as those increased revenues into the treasury because more people were working and those working were making a lot more money