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If we can't reduce the debt with a booming economy, we never will
Posted on 11/22/18 at 10:04 am
Posted on 11/22/18 at 10:04 am
Wouldn't a booming economy be the time to reduce the deficit? Do we even care anymore? Will we ever cut deficit spending?
Or do we just keep increasing the debt ceiling every few years, like we have for the past few decades?
Or do we just keep increasing the debt ceiling every few years, like we have for the past few decades?
32
Posted on 11/22/18 at 10:08 am to BayouBlitz
We will never pay off the debt. It doesn't benefit those in power. There will have to be some kind of wholesale financial and currency reset at some point down the line.
Posted on 11/22/18 at 10:09 am to BayouBlitz
This is one of the biggest disappointing things about Trump.
I am on board for most of his stuff but I really thought he would make an effort to reduce spending.
I am on board for most of his stuff but I really thought he would make an effort to reduce spending.
Posted on 11/22/18 at 10:09 am to BayouBlitz
Why would the bankers making trillions who control the nation do that? 
This post was edited on 11/22/18 at 10:10 am
Posted on 11/22/18 at 10:09 am to BayouBlitz
It's time for Uncle Sam to have a garage sale.
Posted on 11/22/18 at 10:13 am to BayouBlitz
quote:
Do we even care anymore?
Not until another democrat is elected.
Posted on 11/22/18 at 10:15 am to BayouBlitz
Neither side is interested in reducing debt. One day it will actually destroy the country no different than other collapses we have seen.
The worst thing to happen in DC in my lifetime was when both parties stopped fighting each other over every dime. Now they don't even care about billions.
Just going back a decade and watch The West Wing. On that show which was written by some of the Washington pundits / Sorkin / Wells, they argued over millions.
In a very short time it went from arguing over millions to arguing over billions, then for the most part, they stopped arguing completely. The shutdown threats never materialize so both sides know it is nothing more than posturing. They truly have stopped fighting over the budget.
I knew I was done with Republicans when they gave a budget to Obama to sign and he was happy. Neither side should be happy. They should both be left wanting. it isn't their fricking money.
The worst thing to happen in DC in my lifetime was when both parties stopped fighting each other over every dime. Now they don't even care about billions.
Just going back a decade and watch The West Wing. On that show which was written by some of the Washington pundits / Sorkin / Wells, they argued over millions.
In a very short time it went from arguing over millions to arguing over billions, then for the most part, they stopped arguing completely. The shutdown threats never materialize so both sides know it is nothing more than posturing. They truly have stopped fighting over the budget.
I knew I was done with Republicans when they gave a budget to Obama to sign and he was happy. Neither side should be happy. They should both be left wanting. it isn't their fricking money.
This post was edited on 11/22/18 at 10:16 am
Posted on 11/22/18 at 10:18 am to genuineLSUtiger
quote:
There will have to be some kind of wholesale financial and currency reset at some point down the line.
I'm not sure our creditors would allow that. Maybe the U.S. can declare bankruptcy. ??
Posted on 11/22/18 at 10:24 am to BayouBlitz
Neither party cares about reducing spending. They just want to fight about what to spend it on.
If our populace would elect a goober like Rand Paul we would see some change, but a reality star or eloquent black man are more entertaining.
If our populace would elect a goober like Rand Paul we would see some change, but a reality star or eloquent black man are more entertaining.
Posted on 11/22/18 at 10:24 am to BayouBlitz
No economy can reverse this until spending is reduced across the board 10% and then frozen for 5 years. Do that and then let’s see where we are.
Posted on 11/22/18 at 10:28 am to BayouBlitz
We won’t do anything about the debt ...we’re Japan 2.0.
Posted on 11/22/18 at 10:31 am to BayouBlitz
quote:Its too late.
we never will
quote:People will not care as long as their government checks still clear.
Will we ever cut deficit spending?
Think of it his way. Had we kept the 2006 Bush budget, we’d be running a massive surplus, and a sizeable portion of our debt would paid off at this point.
Remember how small the government was in 2006? Remember all the people dying in streets? Remember how we didn’t have a military back then? Remember our complete lack of “infrastructure”?
Yeah I don’t either.
Posted on 11/22/18 at 10:31 am to BayouBlitz
Re-strengthening the Obama depleted military & infrastructure are currently much more important.
Posted on 11/22/18 at 10:33 am to umop_apisdn
Can we sell California to pay off our debt. Kill 2 birds with 1 stone.
Posted on 11/22/18 at 10:35 am to Esquire
I would vote for Paul and would have for his papa. But we are where we are.
Posted on 11/22/18 at 10:39 am to BayouBlitz
In times of war national debt is put on the back burner.
Trump is planning a restructuring of the entire monetary system. Our dept will maybe be wiped clean or maybe the Soros and Rothschild money will be taken to cut the debt in half.
I don't know exactly what the plan is but Trump doesn't seem to mind running the debt up which seems to be counter to what he does everywhere else. I think he knows it is all paper that will soon be worthless or something.
Trump is planning a restructuring of the entire monetary system. Our dept will maybe be wiped clean or maybe the Soros and Rothschild money will be taken to cut the debt in half.
I don't know exactly what the plan is but Trump doesn't seem to mind running the debt up which seems to be counter to what he does everywhere else. I think he knows it is all paper that will soon be worthless or something.
Posted on 11/22/18 at 10:39 am to BayouBlitz
quote:
Or do we just keep increasing the debt ceiling every few years, like we have for the past few decades?
Tell congress to send President Trump an actual budget (something that has not been passed since 2009) that reduces the deficit and he would sign it in a heartbeat.
Posted on 11/22/18 at 10:46 am to GumboPot
quote:Meh. If yow want spending cut tell Congress to cut SS and Medicare. Good luck with thst.
Tell congress to send President Trump an actual budget
Posted on 11/22/18 at 1:17 pm to GumboPot
quote:
Tell congress to send President Trump an actual budget (something that has not been passed since 2009) that reduces the deficit and he would sign it in a heartbeat.
This is true but let’s not pretend Trump isn’t part of the problem. He doesn’t give a damn about the debt. Every politician knows cutting the deficit isn’t a winning strategy. We will ride this gravy train until we pay for it bigly. The pain will be sharp and severe.
Posted on 11/22/18 at 1:30 pm to DallasTiger11
quote:
We will ride this gravy train until we pay for it bigly. The pain will be sharp and severe.
And most of Congress along with Trump will likely be dead (or senile) by the time the shite hits the fan.
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