- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: National debt tops $22 trillion for the first time as experts warn of ripple effects
Posted on 2/13/19 at 12:16 pm to HailHailtoMichigan!
Posted on 2/13/19 at 12:16 pm to HailHailtoMichigan!
quote:
CAHoots, major dem candidates just cosponsored a plan that would add 40 trillion in debt over ten years.
What have repubs put forward that compares to that?
Cahoots seems to be taking the position that because Dems can't successfully pass WHAT THEY HAVE MAJORITY SUPPORT FOR that we can't count it.
1
Posted on 2/13/19 at 12:17 pm to Homesick Tiger
quote:
Were these same people warning us during Obama's eight years when he doubled the debt. If not, I'll take their opinions with a grain of salt.
Obama 10 to 20 trillion (+100%)...not a peep.
Trump 20 to 22 trillion (+10%)....the sky is falling!!!!
Posted on 2/13/19 at 12:17 pm to HailHailtoMichigan!
quote:
CAHoots, major dem candidates just cosponsored a plan that would add 40 trillion in debt over ten years.
What have repubs put forward that compares to that?
She is pandering. It's politics. I'm concerned about results. Empirically, Rs don't handle money better, do they?
Posted on 2/13/19 at 12:19 pm to Crow Pie
quote:
Obama 10 to 20 trillion (+100%)...not a peep.
Over 8 years during the biggest recession since the great depression
quote:
Trump 20 to 22 trillion (+10%)....the sky is falling!!!!
Over 2 years in a fully recovered economy.
Let's project Trump's out over 8 years. That's $8 trillion! Really saving the day
This post was edited on 2/13/19 at 12:20 pm
Posted on 2/13/19 at 12:19 pm to cahoots
quote:Forget her.
She is pandering. It's politics
Dems have majority support right now for
massive new health care spending.
Massive student debt relief
massive expansion of basically every social program you can name.
The ONLY reason we don't have that shite is because Republicans exist.
Posted on 2/13/19 at 12:20 pm to cahoots
quote:8 Trillion on top of 20 = a 40% increase.
Let's project Trump's out over 8 years. That's $8 trillion!
Sucks.
But yeah. Do I have to do the comparison for ya.
Posted on 2/13/19 at 12:20 pm to ShortyRob
quote:
Dems have majority support right now for
massive new health care spending.
Massive student debt relief
massive expansion of basically every social program you can name.
How much does all of this cost per year?
Posted on 2/13/19 at 12:21 pm to ShortyRob
quote:
8 Trillion on top of 20 = a 40% increase.
Sucks.
But yeah. Do I have to do the comparison for ya.
The percentage increase is meaningless. Imagine if you took over when it was $1 and then increased it to $1000.
What matters is year over year growth
This post was edited on 2/13/19 at 12:22 pm
Posted on 2/13/19 at 12:26 pm to cahoots
Let's say the debt is $1 trillion and then you add $1 trillion. That's 100% increase. Now let's say the next guy adds $1.5 trillion. That's a 75% increase. Percentages are obviously moving downward.
Posted on 2/13/19 at 12:26 pm to cahoots
quote:Well.
How much does all of this cost per year?
Dems want free college for all. Colleges spent over $500B in 2018. This doesn't include what it would cost to forgive student debt which ALSO has majority Dem support.
fricking Bernie Sander's own estimate of his HC idea(which you know was a favorable estimate) is $130B annually.
The rest of the social programs? Dunno. But, it ain't gonna be small. In any case, I just more than accounted for if you actually could zero out the entire military budget.
Posted on 2/13/19 at 12:27 pm to cahoots
quote:Did you think this was a refutation of some sort?
Let's say the debt is $1 trillion and then you add $1 trillion. That's 100% increase. Now let's say the next guy adds $1.5 trillion. That's a 75% increase. Percentages are obviously moving downward.
Posted on 2/13/19 at 12:28 pm to ShortyRob
Dude, college is not going to be free. We get it. Just like Trump is not going to trim the budget 5%. Or at all. It's politics.
Posted on 2/13/19 at 12:29 pm to cahoots
Do you support these Dem platforms? Why or why not?
Posted on 2/13/19 at 12:29 pm to cahoots
quote:
The percentage increase is meaningles
What?
Jeebus Christ. I'm dealing with a financial idiot.
quote:
What matters is year over year growth
Well. What actually matters is the ratio of deficit to GDP if you really want to get technical.
I mean, if my personal debt goes from $20K to $40K but my salary goes from $100K to $500K, clearly, the former is worse than the latter.
But, that's probably too difficult for you to digest now that you just idiotically told me that the percentage doesn't matter.
Posted on 2/13/19 at 12:30 pm to cahoots
quote:Only because Republicans exist.
Dude, college is not going to be free.
quote:Only because Democrats exist.
Just like Trump is not going to trim the budget 5%.
So yeah. Thank you.
Posted on 2/13/19 at 12:30 pm to TbirdSpur2010
Only real fiscal conservatives care. I know that there is nothing I can do to stop the idiots running up the deficit, because voting them out only replaces them with another politician that lobbyists will buy, so I hedge for my own benefit and my family's. Get rich or die trying
Posted on 2/13/19 at 12:31 pm to cahoots
quote:
What matters is year over year growth
Does this approach work with pay raises too?
Like, if you make 50K and I give you a 5% raise, then from there forward, giving you a $2500 raise annually will be "the same".
Posted on 2/13/19 at 12:37 pm to boogiewoogie1978
70% of government spending is entitlements. So I think there is a solution... but an uncomfortable one.
Posted on 2/13/19 at 12:39 pm to jnethe1
quote:THEIR solution to this is to keep taxing people as they have been for SS.......INCREASE the cap..........and then means test which thereby makes it just a welfare program.
70% of government spending is entitlements. So I think there is a solution... but an uncomfortable one.
This is how Dems "cut".
Posted on 2/13/19 at 12:40 pm to boogiewoogie1978
Trying to remember who was president when the debt rose $10 trillion in eight years. Guy right before Trump.
Page 8 of 11
Popular
Back to top
Follow TigerDroppings for LSU Football News