I Just Thought Of How Trump Can Get My Vote

[Maryland Patriot]

public debt is the end result of deficits ... Mr. Trumps economic plan would increase the deficit $12 dollars over the next decade.

TA DAAAAAA !

12 dollars!!!!!! Hell I'l cover that.

I thank you for your patriotism

 

[Siete]

1. Cut Foreign Aid in Half - $17 billion


As a country, we are facing huge deficits and cannot continue to provide aid at our current clip. If we cannot help ourselves, how can we help others? My solution is not to eliminate foreign aid, just cut what we give in half.

2. Eliminate Earmarks - $14 billion


Earmarks have been a great talking point for both parties during campaign season, but no one ever does anything about it, because these pet projects for home districts are a good way to keep securing votes. Let’s finally put an end to the practice.

3. Cut 250,000 Government Contractors - $17 billion


Contractors typically are cheaper than actual employees, but when the number of contractors greatly outnumbers employees something needs to be done. Either see if current employees can do the job or outsource it to the private market.

4. Reduce the Size Of World-Wide Troop Presence - $49 billion


We can produce savings by reducing the size of the military to the pre-Iraq War size and reduce our presence in Europe and Asia by 26%, which would also be less (33%) than future projected levels. Acting as the police of the world only stretch our defenses out, and as history has proven all great empires fall when they stretch their defenses too far.

5. Reduce Troops in Iraq and Afghanistan to 30,000 - $169 billion


These numbers are based on troop levels from 2010, but the idea of bringing these troops home remains the same. In the State of the Union, the president announced another round of troop withdrawals from Afghanistan. Once that is complete there will still be more than 30,000 troops there, so we still need more withdrawals to get the levels in both places to a total of 30,000.

6. Cap Medicare Growth - $562 billion


If we cap Medicare growth at G.D.P. plus one percentage point we can start saving significantly. One piece of reform this could spark is looking at the hospitals and doctors with the highest costs and look for ways to reduce them.

7. Reduce Benefits For Those With High Incomes - $54 billion


Social Security will continue to be a hot topic. One way to produce savings that is not talked about widely is reducing the benefits of high earners. This is not eliminating their benefits, or giving their benefits they paid for to someone else. What it does do, is grow their benefits at a slower clip.

8. Return Estate and Investment Taxes back to Clinton-Era Levels - $150 billion


The Clinton-era is the last time we had a balanced budget and a surplus. Since that time both presidents have run deficits and run our debt to all-time highs. It makes sense to return tax rates to the Clinton levels since that was the last time the government was prosperous.

9. Payroll Tax: Subject Incomes Over $106,000 to the tax - $100 billion


This is the tax that pays for Social Security and Medicate, but we cap how much income can be taxed. If we remove or increase this cap, we can generate a lot more money for these programs that can increase their longevity.

10. Eliminate Loopholes, Credits, and Lower Rates - $229 billion


The deficit commission came up with a plan to lower rates, while also eliminating some tax breaks or the Bowles-Simpson Plan. The plan cut all breaks except for the child and earned income credits and those for mortgages, health and retirement benefits while cutting the corporate tax rate and individual rates for all brackets. I take this one step further by adding the mortgage deduction as well. Currently, high earners benefit the most from the credit and not the middle to lower income homeowners. If we are lowering rates across the board we can eliminate this credit, or at a minimum think of ways to reform it.

 

[Maryland Patriot]

1. Cut Foreign Aid in Half - $17 billion


As a country, we are facing huge deficits and cannot continue to provide aid at our current clip. If we cannot help ourselves, how can we help others? My solution is not to eliminate foreign aid, just cut what we give in half.

2. Eliminate Earmarks - $14 billion


Earmarks have been a great talking point for both parties during campaign season, but no one ever does anything about it, because these pet projects for home districts are a good way to keep securing votes. Let’s finally put an end to the practice.

3. Cut 250,000 Government Contractors - $17 billion


Contractors typically are cheaper than actual employees, but when the number of contractors greatly outnumbers employees something needs to be done. Either see if current employees can do the job or outsource it to the private market.

4. Reduce the Size Of World-Wide Troop Presence - $49 billion


We can produce savings by reducing the size of the military to the pre-Iraq War size and reduce our presence in Europe and Asia by 26%, which would also be less (33%) than future projected levels. Acting as the police of the world only stretch our defenses out, and as history has proven all great empires fall when they stretch their defenses too far.

5. Reduce Troops in Iraq and Afghanistan to 30,000 - $169 billion


These numbers are based on troop levels from 2010, but the idea of bringing these troops home remains the same. In the State of the Union, the president announced another round of troop withdrawals from Afghanistan. Once that is complete there will still be more than 30,000 troops there, so we still need more withdrawals to get the levels in both places to a total of 30,000.

6. Cap Medicare Growth - $562 billion


If we cap Medicare growth at G.D.P. plus one percentage point we can start saving significantly. One piece of reform this could spark is looking at the hospitals and doctors with the highest costs and look for ways to reduce them.

7. Reduce Benefits For Those With High Incomes - $54 billion


Social Security will continue to be a hot topic. One way to produce savings that is not talked about widely is reducing the benefits of high earners. This is not eliminating their benefits, or giving their benefits they paid for to someone else. What it does do, is grow their benefits at a slower clip.

8. Return Estate and Investment Taxes back to Clinton-Era Levels - $150 billion


The Clinton-era is the last time we had a balanced budget and a surplus. Since that time both presidents have run deficits and run our debt to all-time highs. It makes sense to return tax rates to the Clinton levels since that was the last time the government was prosperous.

9. Payroll Tax: Subject Incomes Over $106,000 to the tax - $100 billion


This is the tax that pays for Social Security and Medicate, but we cap how much income can be taxed. If we remove or increase this cap, we can generate a lot more money for these programs that can increase their longevity.

10. Eliminate Loopholes, Credits, and Lower Rates - $229 billion


The deficit commission came up with a plan to lower rates, while also eliminating some tax breaks or the Bowles-Simpson Plan. The plan cut all breaks except for the child and earned income credits and those for mortgages, health and retirement benefits while cutting the corporate tax rate and individual rates for all brackets. I take this one step further by adding the mortgage deduction as well. Currently, high earners benefit the most from the credit and not the middle to lower income homeowners. If we are lowering rates across the board we can eliminate this credit, or at a minimum think of ways to reform it.

all those billions might sound like a lot of money but the reality is that the debt wouldnt even be scratched.

 

[bendog]

Maybe.

I hate Trump. This is no secret.

View attachment 82002

The people who elected Obama twice are the same people now supporting Trump.

You just keep telling yourself that....

It's a fact. You pseudo-con tards deserved Obama, just like you deserve Clinton. You work very hard to turn people against the Republican candidate and get the Democrat elected. Your lies, your bigotry, your stupidity, all ensure the Democrat wins.

I dunno if it's true or not, but generally the loser is getting 45% at least unless there's a third party. And I doubt this will be different.

But conversely from your post, I thought this a.m. or yesterday that if Ohio, Va and Colo go dem, Clinton wins regardless of Fla, NC AND Pa. That's getting towards an EV landslide. So, with the gop essentially sitting this one out, we might see a HRC making overtures to the Kasich and Bush folks to put it all on the table. Do something like a significant hike on the top, a modest cut on the middle, and actual cuts .... like a one year 3% across the board, and that would mean some real pain in soc sec, and increases indexed to either growth or a tax hike.

I thought we might see negative rates last time.

but yeah, pbtw is incapable of bipartisan thought.

 

[bendog]

1. Cut Foreign Aid in Half - $17 billion


As a country, we are facing huge deficits and cannot continue to provide aid at our current clip. If we cannot help ourselves, how can we help others? My solution is not to eliminate foreign aid, just cut what we give in half.

2. Eliminate Earmarks - $14 billion


Earmarks have been a great talking point for both parties during campaign season, but no one ever does anything about it, because these pet projects for home districts are a good way to keep securing votes. Let’s finally put an end to the practice.

3. Cut 250,000 Government Contractors - $17 billion


Contractors typically are cheaper than actual employees, but when the number of contractors greatly outnumbers employees something needs to be done. Either see if current employees can do the job or outsource it to the private market.

4. Reduce the Size Of World-Wide Troop Presence - $49 billion


We can produce savings by reducing the size of the military to the pre-Iraq War size and reduce our presence in Europe and Asia by 26%, which would also be less (33%) than future projected levels. Acting as the police of the world only stretch our defenses out, and as history has proven all great empires fall when they stretch their defenses too far.

5. Reduce Troops in Iraq and Afghanistan to 30,000 - $169 billion


These numbers are based on troop levels from 2010, but the idea of bringing these troops home remains the same. In the State of the Union, the president announced another round of troop withdrawals from Afghanistan. Once that is complete there will still be more than 30,000 troops there, so we still need more withdrawals to get the levels in both places to a total of 30,000.

6. Cap Medicare Growth - $562 billion


If we cap Medicare growth at G.D.P. plus one percentage point we can start saving significantly. One piece of reform this could spark is looking at the hospitals and doctors with the highest costs and look for ways to reduce them.

7. Reduce Benefits For Those With High Incomes - $54 billion


Social Security will continue to be a hot topic. One way to produce savings that is not talked about widely is reducing the benefits of high earners. This is not eliminating their benefits, or giving their benefits they paid for to someone else. What it does do, is grow their benefits at a slower clip.

8. Return Estate and Investment Taxes back to Clinton-Era Levels - $150 billion


The Clinton-era is the last time we had a balanced budget and a surplus. Since that time both presidents have run deficits and run our debt to all-time highs. It makes sense to return tax rates to the Clinton levels since that was the last time the government was prosperous.

9. Payroll Tax: Subject Incomes Over $106,000 to the tax - $100 billion


This is the tax that pays for Social Security and Medicate, but we cap how much income can be taxed. If we remove or increase this cap, we can generate a lot more money for these programs that can increase their longevity.

10. Eliminate Loopholes, Credits, and Lower Rates - $229 billion


The deficit commission came up with a plan to lower rates, while also eliminating some tax breaks or the Bowles-Simpson Plan. The plan cut all breaks except for the child and earned income credits and those for mortgages, health and retirement benefits while cutting the corporate tax rate and individual rates for all brackets. I take this one step further by adding the mortgage deduction as well. Currently, high earners benefit the most from the credit and not the middle to lower income homeowners. If we are lowering rates across the board we can eliminate this credit, or at a minimum think of ways to reform it.

all those billions might sound like a lot of money but the reality is that the debt wouldnt even be scratched.

It would more than balance the budget. It would largely transition us through ss and the boomers too.

 

[Wilbur Right]

Funny stuff some write. How they expect some long term, lower wage people to give up government help (the EITC and SNAP) and save for their own retirement (no social security) when they struggle now with that help is strangely funny.

How are they going to accomplish this feat pumpkin?

Low wage people especially need SSI.

If you think that little social security check for $800.00 a low wage worker might receive isn't valuable, why does Wall Street want to get their hands on it so bad? LMAO.

 

[Wilbur Right]

Living in Ohio, I was/am a Kasich supporter.
Again the republicans had a candidate that would have received my vote. Again they won't. For now I got a wack job billionaire and Hillary to vote for.

Color ME not excited. But the choice is clear. Donald needs fired.

 

[LoneLaugher]

Maybe.

I hate Trump. This is no secret.

But...

The single biggest crisis facing America today is not ISIS, or homosexuals, or blacks, or Mexicans, or Muslims. Not even close.

It's our debt.

Our debt will be our downfall. During the next downturn, and there will be a downturn no matter who is President, our debt will prevent us from recovering quickly, if at all. Just like it prevented us from recovering quickly from the last one.

At the very least, we will be looking at negative interest rates. A possibility I actually considered to be an impossibility three years ago when I started a topic about the Fed's bond bubble on this forum.

Our debt is a bi-partisan effort. Anyone who claims it was the Democrats is an idiot. Anyone who claims it was the Republicans is an idiot. It was BOTH.

U.S. government debt now stands at 103% of GDP. If private debt is included, the ratio climbs to about 370% of GDP. Scholarly studies indicate that real per capita GDP growth should slow by about one-quarter to one-third from the long-run trend when the total debt-to-GDP ratio rises into the range between 250% and 275%. Since surpassing this level in the late 1990s, real per capita GDP has grown just 1% per annum, much less than the 1.9% pace from 1790 to 1999.

These results indicate that the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels, a pattern confirmed by academic research (Chart 2). The latest information further supports this relationship. The current expansion began in 2009, and since then real per capita GDP growth has been 1.3%, less than half the 2.7% average growth in all expansions from 1790 to 1999.

http://www.hoisingtonmgt.com/pdf/HIM2015Q3NP.pdf


You all should be familiar with me enough to know what I have proposed as the solution to our debt problem. Primarily, raise the Social Security and Medicare eligiblity age to 70, indexed to 9 percent going forward, and ban most of the $1.2 trillion in annual tax expenditures.


Do you know who the two candidates this go-round are who most closely align with me on this?

Ted Cruz and John Kasich.


Now, right away, some of your stomachs churned at one or both of those names. Especially Ted Cruz.

But think for a second. What is it about Ted Cruz which turns off a lot of people?

It's his social agenda, right?

But what if Ted Cruz was Secretary of the Treasury? He would be strictly a financial policy guy in a Trump Administration, not a social policy guy.

Treasury. Where the IRS lives.

Ted Cruz rose to fame for opposing raising the debt limit. He's a financial guy more than a social issues guy.

Ted Cruz's tax plan is acceptable to me. He would ban most tax expenditures.


As for John Kasich, he balanced the federal budget before.


So...

If Donald Trump said he would appoint Cruz or Kasich as Secretary of the Treasury, I would seriously consider voting for him.

Because our debt is the most serious crisis facing America today. And either one of those guys can solve it.

Then all we have to do is hope Trump spends most of his time golfing.

Well. That would make sense if Cruz or Kasich could solve the debt any better than any Democrat.

 

[g5000]

you can blow SS out of the water and it alone wont solve the debt issue.

Correct.

But we could easily balance the budget, and reduce tax rates, by eliminating most of the $1.2 trillion in annual tax expenditures.

And that is what Ted Cruz's tax plan does. However, his plan reduces personal income tax rates way too much, and so it ends up with deficits.

I like to think Cruz's tax rates were a negotiating starting point.

If we went with his tax expenditure cuts, and lowered tax rates to a more reasonable level, we could easily balance the budget.

 

[LoneLaugher]

Maybe.

I hate Trump. This is no secret.

But...

The single biggest crisis facing America today is not ISIS, or homosexuals, or blacks, or Mexicans, or Muslims. Not even close.

It's our debt.

Our debt will be our downfall. During the next downturn, and there will be a downturn no matter who is President, our debt will prevent us from recovering quickly, if at all. Just like it prevented us from recovering quickly from the last one.

At the very least, we will be looking at negative interest rates. A possibility I actually considered to be an impossibility three years ago when I started a topic about the Fed's bond bubble on this forum.

Our debt is a bi-partisan effort. Anyone who claims it was the Democrats is an idiot. Anyone who claims it was the Republicans is an idiot. It was BOTH.

U.S. government debt now stands at 103% of GDP. If private debt is included, the ratio climbs to about 370% of GDP. Scholarly studies indicate that real per capita GDP growth should slow by about one-quarter to one-third from the long-run trend when the total debt-to-GDP ratio rises into the range between 250% and 275%. Since surpassing this level in the late 1990s, real per capita GDP has grown just 1% per annum, much less than the 1.9% pace from 1790 to 1999.

These results indicate that the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels, a pattern confirmed by academic research (Chart 2). The latest information further supports this relationship. The current expansion began in 2009, and since then real per capita GDP growth has been 1.3%, less than half the 2.7% average growth in all expansions from 1790 to 1999.

http://www.hoisingtonmgt.com/pdf/HIM2015Q3NP.pdf


You all should be familiar with me enough to know what I have proposed as the solution to our debt problem. Primarily, raise the Social Security and Medicare eligiblity age to 70, indexed to 9 percent going forward, and ban most of the $1.2 trillion in annual tax expenditures.


Do you know who the two candidates this go-round are who most closely align with me on this?

Ted Cruz and John Kasich.


Now, right away, some of your stomachs churned at one or both of those names. Especially Ted Cruz.

But think for a second. What is it about Ted Cruz which turns off a lot of people?

It's his social agenda, right?

But what if Ted Cruz was Secretary of the Treasury? He would be strictly a financial policy guy in a Trump Administration, not a social policy guy.

Treasury. Where the IRS lives.

Ted Cruz rose to fame for opposing raising the debt limit. He's a financial guy more than a social issues guy.

Ted Cruz's tax plan is acceptable to me. He would ban most tax expenditures.


As for John Kasich, he balanced the federal budget before.


So...

If Donald Trump said he would appoint Cruz or Kasich as Secretary of the Treasury, I would seriously consider voting for him.

Because our debt is the most serious crisis facing America today. And either one of those guys can solve it.

Then all we have to do is hope Trump spends most of his time golfing.

Democrats literally don't think the debt exists, so....

That is a lie. You pass on lies like I fart after dinner.

 

[Siete]

1. Cut Foreign Aid in Half - $17 billion


As a country, we are facing huge deficits and cannot continue to provide aid at our current clip. If we cannot help ourselves, how can we help others? My solution is not to eliminate foreign aid, just cut what we give in half.

2. Eliminate Earmarks - $14 billion


Earmarks have been a great talking point for both parties during campaign season, but no one ever does anything about it, because these pet projects for home districts are a good way to keep securing votes. Let’s finally put an end to the practice.

3. Cut 250,000 Government Contractors - $17 billion


Contractors typically are cheaper than actual employees, but when the number of contractors greatly outnumbers employees something needs to be done. Either see if current employees can do the job or outsource it to the private market.

4. Reduce the Size Of World-Wide Troop Presence - $49 billion


We can produce savings by reducing the size of the military to the pre-Iraq War size and reduce our presence in Europe and Asia by 26%, which would also be less (33%) than future projected levels. Acting as the police of the world only stretch our defenses out, and as history has proven all great empires fall when they stretch their defenses too far.

5. Reduce Troops in Iraq and Afghanistan to 30,000 - $169 billion


These numbers are based on troop levels from 2010, but the idea of bringing these troops home remains the same. In the State of the Union, the president announced another round of troop withdrawals from Afghanistan. Once that is complete there will still be more than 30,000 troops there, so we still need more withdrawals to get the levels in both places to a total of 30,000.

6. Cap Medicare Growth - $562 billion


If we cap Medicare growth at G.D.P. plus one percentage point we can start saving significantly. One piece of reform this could spark is looking at the hospitals and doctors with the highest costs and look for ways to reduce them.

7. Reduce Benefits For Those With High Incomes - $54 billion


Social Security will continue to be a hot topic. One way to produce savings that is not talked about widely is reducing the benefits of high earners. This is not eliminating their benefits, or giving their benefits they paid for to someone else. What it does do, is grow their benefits at a slower clip.

8. Return Estate and Investment Taxes back to Clinton-Era Levels - $150 billion


The Clinton-era is the last time we had a balanced budget and a surplus. Since that time both presidents have run deficits and run our debt to all-time highs. It makes sense to return tax rates to the Clinton levels since that was the last time the government was prosperous.

9. Payroll Tax: Subject Incomes Over $106,000 to the tax - $100 billion


This is the tax that pays for Social Security and Medicate, but we cap how much income can be taxed. If we remove or increase this cap, we can generate a lot more money for these programs that can increase their longevity.

10. Eliminate Loopholes, Credits, and Lower Rates - $229 billion


The deficit commission came up with a plan to lower rates, while also eliminating some tax breaks or the Bowles-Simpson Plan. The plan cut all breaks except for the child and earned income credits and those for mortgages, health and retirement benefits while cutting the corporate tax rate and individual rates for all brackets. I take this one step further by adding the mortgage deduction as well. Currently, high earners benefit the most from the credit and not the middle to lower income homeowners. If we are lowering rates across the board we can eliminate this credit, or at a minimum think of ways to reform it.

all those billions might sound like a lot of money but the reality is that the debt wouldnt even be scratched.

take off your shoes and add them all up

 

[yiostheoy]

Maybe.

I hate Trump. This is no secret.

But...

The single biggest crisis facing America today is not ISIS, or homosexuals, or blacks, or Mexicans, or Muslims. Not even close.

It's our debt.

Our debt will be our downfall. During the next downturn, and there will be a downturn no matter who is President, our debt will prevent us from recovering quickly, if at all. Just like it prevented us from recovering quickly from the last one.

At the very least, we will be looking at negative interest rates. A possibility I actually considered to be an impossibility three years ago when I started a topic about the Fed's bond bubble on this forum.

Our debt is a bi-partisan effort. Anyone who claims it was the Democrats is an idiot. Anyone who claims it was the Republicans is an idiot. It was BOTH.

U.S. government debt now stands at 103% of GDP. If private debt is included, the ratio climbs to about 370% of GDP. Scholarly studies indicate that real per capita GDP growth should slow by about one-quarter to one-third from the long-run trend when the total debt-to-GDP ratio rises into the range between 250% and 275%. Since surpassing this level in the late 1990s, real per capita GDP has grown just 1% per annum, much less than the 1.9% pace from 1790 to 1999.

These results indicate that the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels, a pattern confirmed by academic research (Chart 2). The latest information further supports this relationship. The current expansion began in 2009, and since then real per capita GDP growth has been 1.3%, less than half the 2.7% average growth in all expansions from 1790 to 1999.

http://www.hoisingtonmgt.com/pdf/HIM2015Q3NP.pdf


You all should be familiar with me enough to know what I have proposed as the solution to our debt problem. Primarily, raise the Social Security and Medicare eligiblity age to 70, indexed to 9 percent going forward, and ban most of the $1.2 trillion in annual tax expenditures.


Do you know who the two candidates this go-round are who most closely align with me on this?

Ted Cruz and John Kasich.


Now, right away, some of your stomachs churned at one or both of those names. Especially Ted Cruz.

But think for a second. What is it about Ted Cruz which turns off a lot of people?

It's his social agenda, right?

But what if Ted Cruz was Secretary of the Treasury? He would be strictly a financial policy guy in a Trump Administration, not a social policy guy.

Treasury. Where the IRS lives.

Ted Cruz rose to fame for opposing raising the debt limit. He's a financial guy more than a social issues guy.

Ted Cruz's tax plan is acceptable to me. He would ban most tax expenditures.


As for John Kasich, he balanced the federal budget before.


So...

If Donald Trump said he would appoint Cruz or Kasich as Secretary of the Treasury, I would seriously consider voting for him.

Because our debt is the most serious crisis facing America today. And either one of those guys can solve it.

Then all we have to do is hope Trump spends most of his time golfing.

So you are one of the national debt paranoid groupies ?!

Jeeze.

The biggest issue facing our Nation is the next 2 SCOTUS appointments.

But at this point that issue is totally lost.

Hillary will be the next POTUS for at least 4 years if not more.

Trump has NO redeeming factors.

Case closed.

 

[bendog]

Living in Ohio, I was/am a Kasich supporter.
Again the republicans had a candidate that would have received my vote. Again they won't. For now I got a wack job billionaire and Hillary to vote for.

Color ME not excited. But the choice is clear. Donald needs fired.

We are probably seeing a multi-generational shift to two generations of one family returning to live under one roof. Despite what the partisans say, the actual dollars of a deficit ending deal are not THAT hard to see.

But, and not to hijack the thread, the real danger is the increasing stratification of incomes ... with the highly educated and born rich being pretty isolated from 80%. $15 hour translates into 2400 a month, which ain't a lot. But a two worker family would be getting upwards of 60k.

 

[yiostheoy]

Maybe.

I hate Trump. This is no secret.

But...

The single biggest crisis facing America today is not ISIS, or homosexuals, or blacks, or Mexicans, or Muslims. Not even close.

It's our debt.

Our debt will be our downfall. During the next downturn, and there will be a downturn no matter who is President, our debt will prevent us from recovering quickly, if at all. Just like it prevented us from recovering quickly from the last one.

At the very least, we will be looking at negative interest rates. A possibility I actually considered to be an impossibility three years ago when I started a topic about the Fed's bond bubble on this forum.

Our debt is a bi-partisan effort. Anyone who claims it was the Democrats is an idiot. Anyone who claims it was the Republicans is an idiot. It was BOTH.

U.S. government debt now stands at 103% of GDP. If private debt is included, the ratio climbs to about 370% of GDP. Scholarly studies indicate that real per capita GDP growth should slow by about one-quarter to one-third from the long-run trend when the total debt-to-GDP ratio rises into the range between 250% and 275%. Since surpassing this level in the late 1990s, real per capita GDP has grown just 1% per annum, much less than the 1.9% pace from 1790 to 1999.

These results indicate that the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels, a pattern confirmed by academic research (Chart 2). The latest information further supports this relationship. The current expansion began in 2009, and since then real per capita GDP growth has been 1.3%, less than half the 2.7% average growth in all expansions from 1790 to 1999.

http://www.hoisingtonmgt.com/pdf/HIM2015Q3NP.pdf


You all should be familiar with me enough to know what I have proposed as the solution to our debt problem. Primarily, raise the Social Security and Medicare eligiblity age to 70, indexed to 9 percent going forward, and ban most of the $1.2 trillion in annual tax expenditures.


Do you know who the two candidates this go-round are who most closely align with me on this?

Ted Cruz and John Kasich.


Now, right away, some of your stomachs churned at one or both of those names. Especially Ted Cruz.

But think for a second. What is it about Ted Cruz which turns off a lot of people?

It's his social agenda, right?

But what if Ted Cruz was Secretary of the Treasury? He would be strictly a financial policy guy in a Trump Administration, not a social policy guy.

Treasury. Where the IRS lives.

Ted Cruz rose to fame for opposing raising the debt limit. He's a financial guy more than a social issues guy.

Ted Cruz's tax plan is acceptable to me. He would ban most tax expenditures.


As for John Kasich, he balanced the federal budget before.


So...

If Donald Trump said he would appoint Cruz or Kasich as Secretary of the Treasury, I would seriously consider voting for him.

Because our debt is the most serious crisis facing America today. And either one of those guys can solve it.

Then all we have to do is hope Trump spends most of his time golfing.

Democrats literally don't think the debt exists, so....

That is a lie. You pass on lies like I fart after dinner.

Stop eating so many beans.

Cut down on the onions and garlic too.

The average person farts once an hour. But beans make it even worse.

 

[Borillar]

So baby boomers - who were mandated by the government to give up over 6% of their earnings their entire working lives to this slush fund - can't collect until, well, death?

The average life expectancy when SS was enacted was 60. Social Security was intended as insurance to be paid to those who lived beyond the mean. And this scheme has always favored the white collar class, as blue collars didn't live that long.

Only 5.4% of the population was over 65 when Social Security was enacted.

In 1965, when Medicare was added, 9 percent of the population was over 65. That is where I came up with the 9 percent index going forward.

Today, we are pushing 15 percent. A smaller and smaller percentage of Americans are supporting a larger and larger percentage. This is an unsustainable trend.

WE ARE LIVING DECADES LONGER, WE SHOULD BE WORKING LONGER.

Common sense.

Where are the jobs for these people? Companies continually push older employees out the door when they hit their 50's. Nobody wants to hire someone who is 60 years old, unless you want to be a Walmart greeter or compete with teenagers for a McDonald's gig.

 

[Silhouette]

I hate Trump. This is no secret.

But...
If Donald Trump said he would appoint Cruz or Kasich as Secretary of the Treasury, I would seriously consider voting for him.

But temperamental Caligula would fire Kasich on the spot for any real or imagined insubordination. Patching cures for Trump's pathological personality by promising staffing to bolster him is not impressing anyone. Donald Trump's most famous line that is synonymous with his bone marrow is "YOU'RE FIRED!"...at the drop of a hat.

So it doesn't matter who he picks for his cabinet....his temperament means that none of those picks will be a permanent remedy for the gaping maw of lack that is Trump's pathology..

 

[g5000]

Funny stuff some write. How they expect some long term, lower wage people to give up government help (the EITC and SNAP) and save for their own retirement (no social security) when they struggle now with that help is strangely funny.

How are they going to accomplish this feat pumpkin?

Low wage people especially need SSI.

If you think that little social security check for $800.00 a low wage worker might receive isn't valuable, why does Wall Street want to get their hands on it so bad? LMAO.

The EITC is one of the few tax expenditures which has been proven to actually increase productivity. If we were to continue with an income tax, I could live with keeping the EITC, no problem.

 

[LoneLaugher]

So baby boomers - who were mandated by the government to give up over 6% of their earnings their entire working lives to this slush fund - can't collect until, well, death?

The average life expectancy when SS was enacted was 60. Social Security was intended as insurance to be paid to those who lived beyond the mean. And this scheme has always favored the white collar class, as blue collars didn't live that long.

Only 5.4% of the population was over 65 when Social Security was enacted.

In 1965, when Medicare was added, 9 percent of the population was over 65. That is where I came up with the 9 percent index going forward.

Today, we are pushing 15 percent. A smaller and smaller percentage of Americans are supporting a larger and larger percentage. This is an unsustainable trend.

WE ARE LIVING DECADES LONGER, WE SHOULD BE WORKING LONGER.

Common sense.

But just because people live longer doesn't mean they are more capable of working.

Yes it does. The 65 year old of today is in far better health than the 65 year old of 1935.

And labor is nowhere near as physically demanding today as it was in 1935.

Sure.....let the guys who have blue collar jobs which don't pay as well as they used to work several more years. Problem solved!

 

[yiostheoy]

So baby boomers - who were mandated by the government to give up over 6% of their earnings their entire working lives to this slush fund - can't collect until, well, death?

Social Security shouldn't exist, anyway.

Princess you are a 14 year old little sh!t and you are 50 years away from your own social security.

You will appreciate it more when that day arrives.

 

[Wilbur Right]

all those billions might sound like a lot of money but the reality is that the debt wouldnt even be scratched.

The epitome of today's republicans; Damn that Obama debt sucks. Gonna kill the golden egg goose. Damn that Obama debt.

Person in agreement that debt is bad comes up with reasonable idea to reign in spending and consequently/eventually reduce long term debt. You have to start somewhere. Right?

And how does today's republican respond to the idea proposed?
LMAO.

all those billions might sound like a lot of money but the reality is that the debt wouldnt even be scratched.

Hey how about cutting welfare? That'd fix that debt..Right Maryland?