Joe Biden wants to drive the USA off a fiscal cliff with his liberal policies.

[task0778]

The sad fact that most democrats will not or cannot accept is that you can't raise taxes on the wealthy enough to erase the deficits. The current 2023 deficit is approx $1.7 trillion and the current federal revenue is approx $4 trillion. So even if you raised everybody's taxes by 40%, you still wouldn't erase this year's deficits. Obviously we ain't going to do that, so the debt is going to continue to go up and that generally means interest rates will climb and you find yourself in a debt spiral with only one inevitable result. And it ain't pretty.

We are going to have to face the fact that we do not have a revenue problem, we have a spending problem.

 

[Smokin' OP]

Thanks for admitting you think everything belongs to the government the US, idiot.

You got that right Q-NUT.......It can.
Where did you get the idea that they don't?

 

[Nostra]

You got that right Q-NUT.......It can.
Where did you get the idea that they don't?

 

[Smokin' OP]

SO...............Q-NUT, you think $$$ printed by government.............Honored by the government and private institutions, and the primary currency of the world, is NOT owned by the government?

So.........Q-NUT, why do people use US FEDERAL reserve notes?

 

[Nostra]

SO...............Q-NUT, you think $$$ printed by government.............Honored by the government and private institutions, and the primary currency of the world, is NOT owned by the government?

So.........Q-NUT, why do people use US FEDERAL reserve notes?

Show us the clause in the Constitution saying everything belongs to the government.

GO!

 

[Flash]

His own numbers do not lie.

Here are the budget numbers Biden has proposed:

Spending starting in 2024 (in TRILLIONS):

$6.8
$7.0
$6.2
$7.5
$8.0
$8.2
$8.6
$9.0
$9.4
$10

Deficits each year( in TRILLIONS)

$1.8
$1.6
$1.5
$1.5
$1.6
$1.5
$1.6
$1.7
$1.8
$2.0



National debt Tater has proposed taking us to:

$43,619,000,000,000


And in the same document Tater claims he is cutting the deficit by $3 TRILLION.


https://www.whitehouse.gov/wp-content/uploads/2023/03/budget_fy2024.pdf

Potatohead has been a disaster for this country.

Of course all his disastrous spending has been appropriated by the stupid bat shit cray Democrats and Quisling RINOs in Congress.

 

[bdtex]

It's a good thing USMBcon isn't in charge of anything except trolling.

 

[Smokin' OP]

Show us the clause in the Constitution saying everything belongs to the government.

GO!

Sure Q-NUT.

ArtI.S8.C5.1 Congress's Coinage Power​

Congress.gov
https://constitution.congress.gov › ALDE_00001066
Because Article I, Section 10, Clause 1 of the Constitution prohibits the states from coining money,Footnote U.S. Const. art. I, § 10, cl. 1. the Supreme ...

 

[Nostra]

Sure Q-NUT.

ArtI.S8.C5.1 Congress's Coinage Power​

View attachment 846886
Congress.gov
https://constitution.congress.gov › ALDE_00001066
Because Article I, Section 10, Clause 1 of the Constitution prohibits the states from coining money,Footnote U.S. Const. art. I, § 10, cl. 1. the Supreme ...

Your link doesn’t work, Moron.

 

[Smokin' OP]

Your link doesn’t work, Moron.

The Few Words On Money In The Constitution Say More ...​

Forbes
https://www.forbes.com › briandomitrovic › 2018/09/07
Sep 7, 2018 — Here is all the Constitution says about the money power of the government. From Article I, Section 8, there is “Congress shall have Power…to .

 

[Flash]

And in the same document Tater claims he is cutting the deficit by $3 TRILLION.

Only in Democrat Lying Land is increasing the national debt cutting the national debt.

Just think, they claim 81 million people voted for that piece of lying shit.

 

[presonorek]

His own numbers do not lie.

Here are the budget numbers Biden has proposed:

Spending starting in 2024 (in TRILLIONS):

$6.8
$7.0
$6.2
$7.5
$8.0
$8.2
$8.6
$9.0
$9.4
$10

Deficits each year( in TRILLIONS)

$1.8
$1.6
$1.5
$1.5
$1.6
$1.5
$1.6
$1.7
$1.8
$2.0



National debt Tater has proposed taking us to:

$43,619,000,000,000


And in the same document Tater claims he is cutting the deficit by $3 TRILLION.


https://www.whitehouse.gov/wp-content/uploads/2023/03/budget_fy2024.pdf

How can you tell if this is bad or not? This has been a problem for over one hundred years or is it a problem ? For me it is hard to tell. Tax increases aren’t necessary to fix the problem. Just abolish the federal reserve, print massive amounts of money, pay off the debt, and it will get paid for through massive inflation. However it is probably ok to let the debt build up, build up, and build up some more. Massive inflation or tax increases are probably worse than looking at huge scary numbers.

Are you sure this is a bad thing? How can you tell?

 

[Nostra]

The Few Words On Money In The Constitution Say More ...​

View attachment 846888
Forbes
https://www.forbes.com › briandomitrovic › 2018/09/07
Sep 7, 2018 — Here is all the Constitution says about the money power of the government. From Article I, Section 8, there is “Congress shall have Power…to .

That’s not a link to the constitution, Stupid. And nowhere in your link does it make the moronic claim everything belongs to the government.

Give up, you lost, Simp.

 

[my2¢]

Beginning with Obama Dems changed tactics. Since tax increases were very unpopular, Dems decided to just jack up spending without raising taxes. Overload the system, THEN later claim "we have to pay our bills" as a scheme to force tax increases without taking a hit politically.

That ploy was made even worse by "voodoo economics", Reagan's economic policy of lowering taxes and raising spending. GW Bush copied Reagan, having seen the price his dad made in opposing that economic policy.

The last time there was any economic sense in Washington was back when Clinton was President and the GOP held the Congress.

 

[DGS49]

Is this a self-correcting phenomenon? Interest payments are skyrocketing. At some point (this expression has been used infinitely since the Reagan years), sanity need not prevail; there will simply not be enough money in circulation to pay the interest on the debt, and continue the spendthrift ways of Congress.

The conventional wisdom used to be that eventually inflation would put "everyone" in a high tax bracket, which would increase FIT revenues sufficiently to bring things under control. Now I'm not so sure.

As George Will has famously pointed out, Americans want a tax structure to pay for a small, limited government, but they want a gigantic, "generous" federal government. So it's OUR fault, not the fault of Congress.

 

[presonorek]

1. You assume all money belongs to the government.

Money printed after 1913 cannot be owned. It is printed on the bill, “Federal Reserve Note”. As soon as you get a dollar, you owe it to the Federal Reserve immediately.

Unless you have some old bills that say “Silver Certificate” then you don’t own any money at all. You only own assets purchased with money. You need to be careful when you call someone a moron because you my friend do not know how money works. Ever since the establishment of the federal reserve bank we have used a debt based currency in the United States.

 

[Smokin' OP]

That’s not a link to the constitution, Stupid. And nowhere in your link does it make the moronic claim everything belongs to the government.

Give up, you lost, Simp.

SIMP, Q-NUT?
$$$ is printed by the government.
You don't pay in federal reserve notes, they issued, to the government for services rendered,
Your shit belongs to them, DUMBASS.

 

[presonorek]

The money we give to the Government? So if somebody gives you money, it's not really yours?

Correct. Money cannot be owned. It says Federal Reserve Note on the top of the bill. By holding a dollar you are obligated to repay it to the Federal Reserve.

 

[Flash]

His own numbers do not lie.

He is a Democrat so he depends upon his fellow Moon Bats to not be smart enough to know that he is lying. Or else they know he is lying but they don't give a crap.

 

[BluesLegend]

All I know is that the RNC better get it's shit together and roll back the regressive agenda after they take the WH again. Trump should have gotten the 2nd term to finish the job, but he is the only republicrat who has ever undone any of the damage these pathetic bed wetting traitors created.

That's why the enemy pulled out every stop against Trump. They will never forgive the set back, and even after Trump is no longer a threat, they're going to be just as aggressive as ever.

Only one problem, RINO's. The RINO's knifed Trump in the back at every opportunity.