Does Debt Really Matter

[Toddsterpatriot]

Bullshit. We have a current years long backlog now

We absolutely need more courts and judges

And the bi-partisan bill also changes how asylum claims are processed in almost the same way

It’s almost entirely a wish list of Republican ideas with the border wall.

But you fuckers (actually Trump) would rather have nothing

Bullshit. We have a current years long backlog now

And when we start deporting them, more will leave on their own.

And the bi-partisan bill also changes how asylum claims are processed in almost the same way

It was never bipartisan.

It’s almost entirely a wish list of Republican ideas with the border wall.

Liar.

 

[sparky]

To my understanding a debt driven economy works only if there enough buyers for the debt

perhaps that is a simplistic view?

~S~

 

[task0778]

To my understanding a debt driven economy works only if there enough buyers for the debt

perhaps that is a simplistic view?

~S~

At some point when the debt gets too high the gov't has to raise the interest rates to attract enough buyers and that's when it hits the fan.

 

[sparky]

At some point when the debt gets too high the gov't has to raise the interest rates to attract enough buyers and that's when it hits the fan.

Is this why the Fed's having hissy fits now Task?

~S~

 

[task0778]

Is this why the Fed's having hissy fits now Task?

~S~

Maybe, I ain't that smart tbh. IMHO, when the pandemic hit, gov't spending dramatically increased, but it never went back to normal spending once the pandemic was over. All that gov't spending played a big part in the rise in inflation, and so if the Fed lowers interest rates to spur econ growth but the gov't does not reduce their spending then we'd be heading for another round of higher inflation. Look at all the additional spending that Kamala wants to do, or Trump's proposed tax cuts if he gets elected; both means the same as the COVID relief checks that both parties did back in 2020 and 2021. More money in circulation without an increase in production of goods and services => inflation.

I think I got that right.

 

[initforme]

The debt is a tiny issue.

 

[Lesh]

Bullshit. We have a current years long backlog now

And when we start deporting them, more will leave on their own.

And the bi-partisan bill also changes how asylum claims are processed in almost the same way

It was never bipartisan.

It’s almost entirely a wish list of Republican ideas with the border wall.

Liar.

Then you have no idea what bi-partisan means.

It was largely written by Lankford… Republican

 

[Lesh]

Maybe, I ain't that smart tbh. IMHO, when the pandemic hit, gov't spending dramatically increased, but it never went back to normal spending once the pandemic was over. All that gov't spending played a big part in the rise in inflation, and so if the Fed lowers interest rates to spur econ growth but the gov't does not reduce their spending then we'd be heading for another round of higher inflation. Look at all the additional spending that Kamala wants to do, or Trump's proposed tax cuts if he gets elected; both means the same as the COVID relief checks that both parties did back in 2020 and 2021. More money in circulation without an increase in production of goods and services => inflation.

I think I got that right.

Government spending isn’t directly tied to inflation.

Handing out trillions to the spending public is. And yes both TRUMP and Biden did that(because it was necessary).

All that money looking to be spent without enough goods to spend it on (that huge back up at the ports and lack of domestic production during Covid) caused that inflationary spike that has now dissipated .

We now have 2.3% inflation

 

[sparky]

More money in circulation without an increase in production of goods and services => inflation.

That's math i can grasp Task

Juxtaposed to all that Covid $$$ that shut so many productive biz's down.....

~S~

 

[expat_panama]

At some point when the debt gets too high the gov't has to raise the interest rates to attract enough buyers and that's when it hits the fan.

fwiw, the way it works for T-bills is that when the Treasury Dept. sells gov't bonds to raise money, they put the bonds up for auction, and bond buyers bid on it. Consequently the interest rate charged changes every sale. There was a time a few years ago when the bidding when to zero % interest.

 

[Lesh]

At some point when the debt gets too high the gov't has to raise the interest rates to attract enough buyers and that's when it hits the fan.

What is that point?

 

[Lesh]

Government spending isn’t directly tied to inflation.

Handing out trillions to the spending public is. And yes both TRUMP and Biden did that(because it was necessary).

All that money looking to be spent without enough goods to spend it on (that huge back up at the ports and lack of domestic production during Covid) caused that inflationary spike that has now dissipated .

We now have 2.3% inflation

That has now disapated

2.3% inflation

 

[Toddsterpatriot]

Then you have no idea what bi-partisan means.

It was largely written by Lankford… Republican

Then he got rolled.

 

[Lesh]

Then he got rolled.

Yeah. You’re the best judge of that. I’m sure you know so much more about the subject than Senator Lankford

 

[Toddsterpatriot]

Yeah. You’re the best judge of that. I’m sure you know so much more about the subject than Senator Lankford

For a bipartisan bill, it received shockingly few Republican votes.

 

[Lesh]

For a bipartisan bill, it received shockingly few Republican votes.

Because Trump pulled the string on it

Even the Republican authors of it bailed when he did that

 

[Toddsterpatriot]

Because Trump pulled the string on it

Even the Republican authors of it bailed when he did that

It's awful that no Republicans voted for that bad bill.

 

[Lesh]

It's awful that no Republicans voted for that bad bill.

It was only “bad” because Trump didn’t want the border to be solved with a Dem President in office

 

[krichton]

For decades I have believed that our country’s debt mattered, I have had people claim it does and other claim it doesn’t. We are at $36 trillion in debt, we keep printing money, we keep spending, we cut taxes, neither is good at reducing debt.

My belief has been that debt means fewer economic opportunities for Americans, a rising debt means slower economic growth, less flexibility in dealing with disasters and crisis, higher inflation, erosion of confidence in the US dollar and many countries are looking to go off the dollar which could cripple America. This is a few of my arguments against our current debt situation.

Then I have had people tell me not to worry about debt, Debt doesn’t matter, it doesn’t hurt the country, I don’t understand how the economy works.

So does debt matter? Does it not matter? Should we be worried at the accelerated debt our country has taken on? I think we are in big trouble and it is bigger than Democrats and Republicans because neither is willing to slow debt down or be fiscally responsible, they both love to make promises and spend money.

Democrats exist to fix the problems created by republicans. Under Clinton, we had a surplus. Under HW, our economy cratered into a deep recession, that Obama spent 8 years trying to fix, then Trump showed up and immediately put 8.4 trillion on the national deficit, and now it's up to democrats to clean up the mess again. Why blame democrats when you know full well it's always republicans screwing up the economy?

 

[Papageorgio]

Democrats exist to fix the problems created by republicans. Under Clinton, we had a surplus. Under HW, our economy cratered into a deep recession, that Obama spent 8 years trying to fix, then Trump showed up and immediately put 8.4 trillion on the national deficit, and now it's up to democrats to clean up the mess again. Why blame democrats when you know full well it's always republicans screwing up the economy?

Boy you will believe anything! Party leaders must love you!