Our National Debt, spending addiction and deficit spending is problem 1

[BackAgain]

The simple solution to the problem is to decrease defense spending and increase revenues. Problem solved.

Put another way: that’s a ginormous “no.”

 

[EyeBRollin]

Threads like this only exist when Democrats are in power. Conservatives are more than happy when Republicans spend like drunken sailors.

 

[otto105]

There is a current claim, repeated by the media, that our national debt is $28.08 TRILLION.
View attachment 569687
At this point and noting the accelerating rate of deficit spending, the proportion of payment of just interest on the debt to “revenues” is unquestionably going to become much much larger. Like a person who can’t handle their own household budget, the government will “borrow” ever more just to pay interest. Of course, the government will probably in just “print” money but this makes each dollar increasingly less valuable. (And some will tell us that inflation isn’t a big deal.

Now consider, the $28 TRILLION DEBT figure is phony. It doesn’t include unfunded mandates like pensions. Anyone care to take a stab at THAT one?

You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion

The federal unfunded liabilities are catastrophic for future taxpayers and economic growth.

www.forbes.com

I know that most liberals and progressives and economic authorities like AOC will dismiss this as pure right wing hysteria, but for reasonable people, I suggest that our addiction to spending and debt and deficit spending is the most urgent problem we face as a nation.

When do conservative QOP sycophants address the issue?

 

[BackAgain]

When do conservative QOP sycophants address the issue?

I don’t know about your fantasy QOP whatever the fuck that is. But more pressingly, when do you liberal Democrap suck-wads admit that it’s a problem?

 

[otto105]

29T

ILMAO, TDS is STRONG am I right? "But what about Trump". Even out of context and often without truth the left tweets

But what about Trump
But what about Trump
But what about Trump
But what about Trump
But what about Trump
But what about Trump
But what about Trump
But what about Trump
But what about Trump
But what about Trump

Okay, what do you think of the former 1-term president adding 7 trillion to the deficit?

 

[otto105]

I don’t know about your fantasy QOP whatever the fuck that is. But more pressingly, when do you liberal Democrap suck-wads admit that it’s a problem?

What kind of problem?

 

[BackAgain]

What kind of problem?

See? You can’t admit it.

 

[otto105]

RE the Trump tax cuts:

Democrats claim the Trump tax cut bill of 2017 was a giveaway to the “rich,” but this episode of What’s Ahead shows that it had the opposite impact on high-income earners. In 2018 the top 1% ended up paying $16 billion more in federal individual income taxes than they did in 2017, while 99% paid a total of $80 billion less.

The proportion of taxes paid by the highest 1% of income earners went from around 37% in 2017 to 40% in 2018.

How The Rich Paid More Taxes With Trump’s Tax Cuts

Contrary to Democratic assertions, the “rich” are paying more as a result of Trump’s tax cut than they were before.

www.forbes.com

Yeah, they paid more in capital gains, so what was their revenue increase compared to the 99%

 

[otto105]

See? You can’t admit it.

I want you define what problem you think that it is?

 

[otto105]

There are also lobbyists operating on behalf on non-profits and NGOs(Non Government Organizations) such and environmental groups, social welfare groups and and other wealth takers/redistributors.

You appear to have flunked Economics 101.

Wealth needs to be created before it can be taken and redistributed.
Wealth creation in free-enterprise/capitalist systems includes risk which can mean business debt and loss.

Workers are paid what they are worth based upon the cost to replace them, and based on their value to the employer. Also not everyone has the same skill sets or value to offer an employer. The person lumping freight on a shipping dock isn't the same value as say a neurosurgeon.

Do you have a right to keep all that you earn?
Assuming you actually work for a living and aren't another deadwood freeloader.

Are you willing to help pay and cover the losses that occur when a business doesn't operate profitably, fails, goes out of operation, but still has debts remaining owed to others?

Damn, talk about simpleton economics.

 

[otto105]

“Revenues” is the taking of our earned money. There may well be a rational basis to decrease defense spending. But it’s far from a simple solution.

We wouldn’t be in this mess if we had paid the slightest bit of attention to the actual Constitutional constraints of a government of limited authority and enumerated powers. Strangely enough our common defense is part of the enumerated powers.

Everything that we have done has been constitutional.

 

[AzogtheDefiler]

There is a current claim, repeated by the media, that our national debt is $28.08 TRILLION.
View attachment 569687
At this point and noting the accelerating rate of deficit spending, the proportion of payment of just interest on the debt to “revenues” is unquestionably going to become much much larger. Like a person who can’t handle their own household budget, the government will “borrow” ever more just to pay interest. Of course, the government will probably in just “print” money but this makes each dollar increasingly less valuable. (And some will tell us that inflation isn’t a big deal.

Now consider, the $28 TRILLION DEBT figure is phony. It doesn’t include unfunded mandates like pensions. Anyone care to take a stab at THAT one?

You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion

The federal unfunded liabilities are catastrophic for future taxpayers and economic growth.

www.forbes.com

I know that most liberals and progressives and economic authorities like AOC will dismiss this as pure right wing hysteria, but for reasonable people, I suggest that our addiction to spending and debt and deficit spending is the most urgent problem we face as a nation.

citygator and EyeBRollin believe we can just print as much money as needed

 

[Stryder50]

Damn, talk about simpleton economics.

"simpleton economics" = "wealth makers/creators" versus "wealth takers/redistributors".
It's clear you support the wealth thievery~stealing~taking of redistribution rather than working for your own share.
Just another criminal, aren't you.

 

[otto105]

"simpleton economics" = "wealth makers/creators" versus "wealth takers/redistributors".
It's clear you support the wealth thievery~stealing~taking of redistribution rather than working for your own share.
Just another criminal, aren't you.

Like I posted simpleton.

 

[Stryder50]

Like I posted simpleton.

Like I posted, haven't a clue about economics.

 

[otto105]

Like I posted, haven't a clue about economics.

I just have a BS in Economics and you have bullshit talking points .

 

[task0778]

Everything that we have done has been constitutional.

Do you understand that 'constitutional' means it was legal, but that does not mean it was the right thing to do based on the circumstances or that it was the best thing for the country.

 

[otto105]

Do you understand that 'constitutional' means it was legal, but that does not mean it was the right thing to do based on the circumstances or that it was the best thing for the country.

How do you know that it wasn't?

Was greatly expanding spending during the Great Depression and WWII not needed?

 

[BackAgain]

Everything that we have done has been constitutional.

“We?”

 

[BackAgain]

citygator and EyeBRollin believe we can just print as much money as needed

We can. However, it will become totally worthless sooner rather than later.