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re: DJT statement on debt ceiling.

Posted on 12/20/24 at 6:11 am to
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
34596 posts
Posted on 12/20/24 at 6:11 am to
quote:

The debt limit has never been anything more than a tool Republicans use to threaten Democratic presidents. It's conveniently forgotten when a Republican is in the White House.


That is intellectually dishonest.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295687 posts
Posted on 12/20/24 at 6:12 am to
quote:



So Trump is basically Obama? Got it.


Yes.



If people on this board would pay attention, they would have already known Trump will continue to push debt to grow the economy.

Posted by Mandtgr47
Member since Aug 2024
7918 posts
Posted on 12/20/24 at 6:12 am to
quote:

So Trump is basically Obama? Got it.


bless your heart. Which is it, he is going to destroy all these organizations in order to cut spending, or, he is going to be the biggest spender ever? You guys/girls/it/she/he are in melt down and desperation mode now. Just enjoy the ride and watch govt shrink and hopefully curtail your welfare fraud.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295687 posts
Posted on 12/20/24 at 6:12 am to
quote:

Which is it, he is going to destroy all these organizations in order to cut spending, or, he is going to be the biggest spender ever?


Put all your money on the latter, because that is what is about to happen.
Posted by OccamsStubble
Member since Aug 2019
8847 posts
Posted on 12/20/24 at 6:13 am to
quote:

quote:
Trump’s new message is the pressure is hard so just kick the can down the road so I don’t have to deal with it?


Yes. Growth at all cost.


Skyrocketing debt isn’t growth any more than tripling an addicts daily dose of meth is rehab.
Posted by GoblinGuide
Member since Nov 2017
2003 posts
Posted on 12/20/24 at 6:15 am to
quote:

bless your heart. Which is it, he is going to destroy all these organizations in order to cut spending, or, he is going to be the biggest spender ever? You guys/girls/it/she/he are in melt down and desperation mode now. Just enjoy the ride and watch govt shrink and hopefully curtail your welfare fraud.


He wants to suspend the debt ceiling so he can shrink the government? I think you're the one who needs the bless your heart here.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
35839 posts
Posted on 12/20/24 at 6:17 am to
Yep with the requisite tax cuts involved, double edged sword though. Everyone loves a tax cut except government who will have to pay out more and more on the debt service because there isn't even a pretext now that anyone truly cares about the debt....which had always been the case
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465708 posts
Posted on 12/20/24 at 6:19 am to
quote:

Which is it, he is going to destroy all these organizations in order to cut spending, or, he is going to be the biggest spender ever?


This indicates he's going to be a yuge spender. Maybe not #1, but certainly top 4-5 ever
Posted by texag7
College Station
Member since Apr 2014
40578 posts
Posted on 12/20/24 at 6:21 am to
It’s needs to be raised. Everyone who voted Trump is going to get monthly payments.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295687 posts
Posted on 12/20/24 at 6:22 am to
quote:



Skyrocketing debt isn’t growth any more than tripling an addicts daily dose of meth is rehab.


I agree.

My position for years is Trump will push as much debt as possible to make the numbers look decent.

Its a sign of a very sick economy.

quote:

Growing economy cures all.


Not if youre growing it through debt.


LINK

Posted by Mizzou68
Member since Nov 2013
209 posts
Posted on 12/20/24 at 6:25 am to
Exactly. I listened to Kudlow yesterday on Fox Business and he explained why the debt ceiling is meaningless and should be eliminated I’m sure he will be discussing again today for those interested on listening.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112426 posts
Posted on 12/20/24 at 6:26 am to
quote:

His stance here poses an existential issue for DOGE - why in the hell does it exist?

Vivek and Elon are going to get tired of this bullshite.


They support this (it was in the 2nd CR)
Posted by Breesus
House of the Rising Sun
Member since Jan 2010
69486 posts
Posted on 12/20/24 at 6:28 am to
He wants to suspend the debt ceiling so he can shrink the government?

I want to get out of debt. All I need is an increased limit on all my credit cards and a second mortgage and then I can start getting out of debt.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295687 posts
Posted on 12/20/24 at 6:29 am to
quote:

and he explained why the debt ceiling is meaningless and should be eliminated


Traditional progressive position.
Posted by RohanGonzales
Member since Apr 2024
8124 posts
Posted on 12/20/24 at 6:30 am to
quote:


Exactly. I listened to Kudlow yesterday on Fox Business and he explained why the debt ceiling is meaningless and should be eliminated I’m sure he will be discussing again today for those interested on listening.


That is not anyone here.
Posted by Penrod
Member since Jan 2011
52002 posts
Posted on 12/20/24 at 6:31 am to
quote:

The debt limit has never been anything more than a tool Republicans use to threaten Democratic presidents. It's conveniently forgotten when a Republican is in the White House.

quote:

“Of the eight largest deficit-reduction laws since 1985 — such as Gramm–Rudman in the 1980s, the 1997 Balanced Budget Act, the 2009 PAYGO law, and 2011 Budget Control Act — all eight were attached to debt-limit bills,” Riedl wrote.

This disproves both assertions in your sentence above.
National Review Article
Posted by Mizzou68
Member since Nov 2013
209 posts
Posted on 12/20/24 at 6:33 am to
He added it should be eliminated along with implementing Paygo. That is what was missing from this cr.

PAYGO – short for Pay-As-You-Go – was designed to prevent policymakers from adopting policies that would worsen the deficit. In general, PAYGO requires that any policies projected to increase mandatory spending or reduce revenue be offset with mandatory spending cuts and/or increased revenues.
Posted by OccamsStubble
Member since Aug 2019
8847 posts
Posted on 12/20/24 at 6:35 am to
quote:

Yep with the requisite tax cuts involved, double edged sword though. Everyone loves a tax cut except government who will have to pay out more and more on the debt service because there isn't even a pretext now that anyone truly cares about the debt....which had always been the case



Cool. Then either roll over, stick your arse in the air and scream “rape me”, or create that pretext.

Stop with the “wull we caint really do nuthin here becuz mandatory spendin”. Start by explaining that we can’t keep doing this. MAKE people care by discussing the issue.

They made you afraid of a virus that was, for 95%, not unlike a bad cold. They can make you fear a REAL threat like 35T in debt, if they’ll bother to talk about it.
Posted by RohanGonzales
Member since Apr 2024
8124 posts
Posted on 12/20/24 at 6:36 am to
quote:

This disproves both assertions in your sentence above.
National Review Article


The graph of the debt during the time period of each of those bills shows how utterly ineffective they all have been.

What exactly is your point? Do you want another one?
Posted by Perfect Circle
S W Alabama
Member since Sep 2017
7695 posts
Posted on 12/20/24 at 6:37 am to
I'm tired of leaders who aren't willing to commit to tackling the difficult task of creating fiscal responsibility.

Create a federal budget, balance the budget, cut the bureaucracy and entitlements.

Through the years, these politicians have been irresponsible, every one of them, Democrat and Republican. They expect us to pay taxes and be fiscally responsible, while they enrich themselves and bankrupt our country.

It is past time for a redo.
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