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Started By
Message
re: Federal Debt Is Soaring. Here’s Why Trump and Harris Aren’t Talking About It.
Posted on 9/17/24 at 7:31 am to LB84
Posted on 9/17/24 at 7:31 am to LB84
quote:
This will never get fixed.
They don't have to fix it. Just slow it the frick down. That would be a victory.
Neither candidate wants to do that.
1
Posted on 9/17/24 at 7:34 am to ragincajun03
quote:
The other trigger is the looming expiration of much of the 2017 tax law. If Congress doesn’t act by the end of 2025, taxes would rise on most households
This can’t be true. Trump only cut taxes for his billionaire buddies.
Posted on 9/17/24 at 7:39 am to ragincajun03
I wish trump would talk more about controlling the debt. It’s one of the main issues the separates conservatives from tax and spend liberals.
He never fought to contain it when he was president and I don’t think he’ll do anything if elected again.
When it comes to deficit spending, this country appears to have crossed the divide. No one wants to be told that we have to cut back on spending in order to get it under control so no politician is going to push for that. These days, you don’t get elected by telling people that they won’t get as much from the government. Shame.
He never fought to contain it when he was president and I don’t think he’ll do anything if elected again.
When it comes to deficit spending, this country appears to have crossed the divide. No one wants to be told that we have to cut back on spending in order to get it under control so no politician is going to push for that. These days, you don’t get elected by telling people that they won’t get as much from the government. Shame.
Posted on 9/17/24 at 7:44 am to ragincajun03
Peter Schiff has been talking about this. I lost some precious metals on a boat trip.
Posted on 9/17/24 at 7:46 am to aTmTexas Dillo
quote:
I agree. Politicians don't care about debt.
It’s self created in that once politicians saw that they could attain and retain power on the backs of unrealistic, irresponsible, a self interest campaign promises they had to push through in order to attain and retain that power, we lost our minds and with it our consciences. Every generation wants to live their best life, and so the can gets kicked down to their children and grandchildren to pay off so that they can live a better standard of living. People lay this at the feet of the baby boomers, and rightly so, but it also very much infects every generation these days. We are all motivated much more by what we get out of it than what the long term costs will be for generations of Americans in the future.
IN SHORT…. Cutting the debt and shrinking the size and scope of government does not sell as gifts from the treasury does.
Posted on 9/17/24 at 7:47 am to SlidellCajun
quote:
I wish trump would talk more about controlling the debt. It’s one of the main issues the separates conservatives from tax and spend liberals.
Well hes not going to. And you ppl need to stop with the "conservative" talk. No one in Gov is Conservative and you voted them all in
So dont complain
Orange is about making money and increasing wages. He needs money to make money
Posted on 9/17/24 at 7:58 am to ragincajun03
quote:
Here’s Why Trump and Harris Aren’t Talking About It.
That they aren't talking about it is a given. The "why?" is not really addressed.
Why are they talking about it?
Because reporters like Rubin are not asking.
Of course, they're not asking Harris anything, because she's not taking questions.
Posted on 9/17/24 at 8:00 am to Ace Midnight
He later raised taxes and turned on one fellow GOP who spoke up against it.
Posted on 9/17/24 at 8:02 am to SDVTiger
quote:
Orange is about making money and increasing wage
= inflation.
Posted on 9/17/24 at 8:02 am to SlowFlowPro
quote:quote:
Mike has more power than Trump or Harris on this issue
No he doesn't
This is why we can't have nice things.
Posted on 9/17/24 at 8:09 am to ragincajun03
quote:
This year’s budget deficit is on track to top $1.9 trillion
That's ridiculously understated. The estimate for deficit spending for this fiscal year was around $1.8T. As of today we're already at $2.03T. This year the federal government has averaged around $250B in deficit spending each month, if this holds true for the rest of the year then we're going to be far closer to $3T in deficit spending this year than $1.9T.
quote:
Interest costs alone are poised to exceed annual defense spending.
Last year's federal debt servicing was around $1.02T, total defense spending for the year was around $820B.
If the author's starting off with flawed data and a poor view, the rest of the article is likely garbage too.
Posted on 9/17/24 at 8:15 am to Ace Midnight
quote:Bingo. Ever heard of the Laffer Curve? It has proven to work yet democrats ignore it.
bullshite. Reagan cut tax RATES dramatically and receipts soared.
Posted on 9/17/24 at 8:16 am to RogerTheShrubber
quote:
= inflation.
What was the inflation rate under his admin
Posted on 9/17/24 at 8:16 am to ragincajun03
There is only one solution. Who’s willing to say it?
Posted on 9/17/24 at 8:18 am to SDVTiger
quote:
What was the inflation rate under his admin
Well he didn't spend a few extra trillion until mid-2020, so its' not an apples: apples comparison.
All inflation analyses moving forward have to account for that insanity. Trump hasn't been President under that paradigm.
Posted on 9/17/24 at 8:18 am to ItNeverRains
quote:
There is only one solution. Who’s willing to say it?
Slash Social Security and Medicare spending
This post was edited on 9/17/24 at 8:19 am
Posted on 9/17/24 at 8:19 am to SlowFlowPro
What was the inflation rate under his admin?
He spent plenty before 2020
He spent plenty before 2020
Posted on 9/17/24 at 8:20 am to SDVTiger
quote:
What was the inflation rate under his admin
Inflation lags.
If you had taken Freshman econ, you would know this.
Posted on 9/17/24 at 8:21 am to RogerTheShrubber
quote:
Inflation lags.
You cant ever answer the question
Totally shocking
Posted on 9/17/24 at 8:22 am to SDVTiger
quote:
You cant ever answer the question
That is your answer.
Do you need "lags" defined for you too?
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