Trump calls for unlimited debt.
- Thread starter pknopp
- Start date
imawhosure
Platinum Member
- Apr 25, 2015
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We can not keep holding our government hostage; we just can't!
By getting rid of the debt limit, BOTH sides have to act like adults, or get hosed at election time.
Instead of hearing that if the GOP doesn't do this, or the Democrats don't do that.......social security etc will quit being paid.......instead, the only thing they will be debating is SPENDING bills right in front of our faces, or bills to CUT stuff out of the Federal Government. No more........you either go along with me/my side, or stuff you might like quits getting paid.
NOW all of our politicians are going to have to make a case WHY we should do something new, instead of proclaiming if we don't go along, through no fault of their own, (yeah sure thing, was never planned, was it to put pressure on all of us, to put pressure on the other side of the aisle) stuff is going to STOP being paid out of DC.
Rino's, and Leftist losers, can NEVER allow for reality to be debated, or they are cooked, lol. Instead, they want to debate about Social Security, Medicare, and all the rest of these programs being stopped............instead of automatic funding, then all the nonsense they add in to get a debt ceiling raise past, is laid BARE.
They don't want it............and when you are getting as much FLAK as we are, you know what is obvious? YOU ARE DIRECTLY OVER THE TARGET-)
imawhosure
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Quit with the propaganda. You either go along, or get hosed out of office. Either way, we win-)
Nostra
Diamond Member
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America just held Dimwingers accountable for the last four years of pathetic.
Woodznutz
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You can't balance the Federal budget without addressing the need for borrowing. A thoughtless, irresponsible citizenry is the engine that drives the debt. However, contrary to SS being the "third rail" of politics, placing blame where it actually belongs, on the people, is the true third rail. No one who wants to run for office or remain in office will touch the third rail.
Woodznutz
Diamond Member
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The economy needs the infusion of more equity; debt-free money.
To be used as a cudgel to extract concessions from Democratic governments. Have you been in a cave?
BackAgain
Neutronium Member & truth speaker #StopBrandon
When you leave pertinent facts out of your effort to recount what Trump’s position actually is, it proves that your post is of little or no value.
imawhosure
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Sure is easy to run Zincwarrior out of a thread.
So listen, what Ptrap is saying is--------------->Trump and the GOP ran on this, but they are going to do 100% opposite of what they said.
Do you KNOW any person(s) who do this, lololol.
Of course you do......that would be Joe Biden, Kamala.....aka Mamala, Chucky Shmucky, and Fancy Nancy! And what happened to them for lying through their false teeth? That is correct, they and their friends got thrown unceremoniously out of office, including some of the mighty SQUAD. (now that has to really pi** of the Leftists on this board, but I digress)
So all, we are to believe, that BEFORE President Donald J Trump even takes office FROM the FAR LEFTIST LOONS, that he, Musk, Vivek, and his whole cabinet has now decided to go 180 degrees in the opposite direction. In fact, Ptrap has insinuated he scammed you, and was always going to do this, lol.
And of course.....virtually EVERY GOP rep in the House knows that if they just over spent on MAGA stuff, they would be REMOVED from office in 26, just like the GOP senators up for election that election cycle.
The Democrats......especially the Far Left, have been using threats against the American public that if it all shuts down, the country will collapse. (that is a blatant lie) And so, to stop EXTRA leverage being given to either side, they want to put entitlements on auto pilot, so neither side can BLACKMAIL the American people with---------->you either go along with us, or your Social Security and Medicare shutdown.
And what is wrong with that? Making congress justify their spending, or their cutting? I dunno, ask the Rino's and Leftists, lol. I mean, if we really wanted to be NASTY, we could do what LEFTISTS wanted to do-------> we could kill all the mumbo jumbo in the Senate called the FILLIBUSTER, we could PACK the Supreme court, we could add a few CONSERVATIVE territories somewhere like they wanted to add DC, and by the time 26 rolled around, the Democrats couldn't even get on the ballot! But we aren't! Instead, we want them to make their case for spending, along with IF they will cut elsewhere.
The no LIKA DAT SH**. You are asking them questions, for which they have no answers. NOBODY in the last 150 years have FORCED politicians to answer these type of questions, and they will be da**ed if PUNKLOSI and friends, are gonna start now, lol.
imawhosure
Platinum Member
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If you actually BELIEVE your own post, then you should instead of doing a knee jerk reaction, investigate what kinda NONsense BOTH sides have put in to spending bills to raise the ceiling. It is GROTESQUE!
All the debt limit actually is, a vehicle to LEVERAGE what both sides want without debating it in public. To get enough votes, you gotta pay, and pay through the nose.
And who/whom gets shafted? I will give you 3 guesses, and the 1st two do not count!
Natural Citizen
American Made
- Aug 8, 2016
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I think that one of the most misundestood realities is that the country has been reduced in a manner that it needs ever-increasing debt just to actually have a monetary policy.
There is interest due on every dollar in existence. Therefore there is always more debt in the system than there is currency in existence to pay the debt.
If you borrow the very first dollar in existence and you promise to pay it back plus another dollar's worth of interest, where do you get the second dollar to pay the interest? The answer is that you have to borrow that dollar into existence and promise to pay it back with interest as well. So, now there are 2 dollars in existence, but you now owe 4. And so on, and so on, and so on, and so on. It keeps happening over and over and over again. The result is that there is never enough currency to pay the debt. Therefore the entire system is impossible. It is finite.
What would happen if the government stopped borrowing to do deficit spending? Are the payments on those Treasury bonds going to stop? What would happen if the public stopped borrowing and going deeper into debt? Are your house and car payments going to stop? No. They're not. There is a payment due every month on the principal plus the interest on every dollar in existence and those payments do not stop. If we stop borrowing, then no new currency is created to replace the currency that we used to make those payments. Whether you're making a payment on a loan or paying a tax to make a payment on a Treasury bond, the portion of the payment that goes to pay off the principal extinguishes that portion of the debt. BUT...the debt also extinguishes the currency. When currency and debt meet, they destroy each other. If we just pay off the principal only, all of the loans and Treasury bonds that exist, the entire currency supply vanishes. So, if we don't go deeper into debt every year, the whole thing goes into a deflationary collapse under the weight of those payments.
And that's why they keep raising the so-called ''debt ceiling.'' Which is nothing more than a paradox.
They're basically just kicking the can down the road so it doesn't crash on their watch.
Which is how they've managed to get by this long.
But they're running out of road to kick the can down.
There is interest due on every dollar in existence. Therefore there is always more debt in the system than there is currency in existence to pay the debt.
If you borrow the very first dollar in existence and you promise to pay it back plus another dollar's worth of interest, where do you get the second dollar to pay the interest? The answer is that you have to borrow that dollar into existence and promise to pay it back with interest as well. So, now there are 2 dollars in existence, but you now owe 4. And so on, and so on, and so on, and so on. It keeps happening over and over and over again. The result is that there is never enough currency to pay the debt. Therefore the entire system is impossible. It is finite.
What would happen if the government stopped borrowing to do deficit spending? Are the payments on those Treasury bonds going to stop? What would happen if the public stopped borrowing and going deeper into debt? Are your house and car payments going to stop? No. They're not. There is a payment due every month on the principal plus the interest on every dollar in existence and those payments do not stop. If we stop borrowing, then no new currency is created to replace the currency that we used to make those payments. Whether you're making a payment on a loan or paying a tax to make a payment on a Treasury bond, the portion of the payment that goes to pay off the principal extinguishes that portion of the debt. BUT...the debt also extinguishes the currency. When currency and debt meet, they destroy each other. If we just pay off the principal only, all of the loans and Treasury bonds that exist, the entire currency supply vanishes. So, if we don't go deeper into debt every year, the whole thing goes into a deflationary collapse under the weight of those payments.
And that's why they keep raising the so-called ''debt ceiling.'' Which is nothing more than a paradox.
They're basically just kicking the can down the road so it doesn't crash on their watch.
Which is how they've managed to get by this long.
But they're running out of road to kick the can down.
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To start, stop the stealing and corruption. Enslave the guilty.
Concerned American
Diamond Member
The debt stands at $37T and you think there is a limit? You're delirious.
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