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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 8:23 am to SlowFlowPro
Posted on 9/17/24 at 8:23 am to SlowFlowPro
quote:
Slash Social Security and Medicare spending
That happens automatically. You’re getting warmer.
0
Posted on 9/17/24 at 8:25 am to SDVTiger
quote:
What was the inflation rate under his admin?
It was normal post-2009 crash inflation rates
quote:
He spent plenty before 2020
Yes and this was intentional to reverse the deflationary effects of the 2009 crash, which started under GWB technically, but really got going under Obama.
The reason we're facing massive stagflation (not just inflation) is not addressing the actual issues for a decade. We intentionally created inflation to offset the deflation that we feared so much.
The problem was this charade could have kept going so-so for a while without major issues as long as a major system-disrupter didn't occur....but then we had Covid. Trump and Biden printed insane amounts of money and now this out-paced the deflation enough to create net inflation.
The problem is that we now had to raise rates to cut off potential hyperinflation, which is moving us more to an economic normalcy, so now we have to pay the piper finally for the post-2009 deflation WHILE having massive debt (now with interest rates that weren't anticipated when printing the debt initially) WHILE facing inflation.
Posted on 9/17/24 at 8:25 am to SDVTiger
quote:
You cant ever answer the question
I answered the question, but your question doesn't account for the whole picture.
Posted on 9/17/24 at 8:27 am to SlowFlowPro
quote:
I answered the question,
I was talking to cucker
quote:
It was normal post-2009 crash inflation rates
Exactly. Yet ppl are always crying
Posted on 9/17/24 at 8:29 am to SDVTiger
quote:
Exactly.
2020 changed things. Biden doubled down in 2021.
You just choose to ignore this and that the inflationary effects lag behind the monetary policy.
quote:
Yet ppl are always crying
Because Trump's Covid spending caused inflation. Biden's ensured we would have more years of inflation. We still may not even be feeling the effects of Biden's spending yet.
Posted on 9/17/24 at 8:35 am to SlowFlowPro
quote:
Because Trump's Covid spending caused inflation. Biden's ensured we would have more years of inflation. We still may not even be feeling the effects of Biden's spending yet.
In the most sadistic evil way possible, China’s global response from the release of a luke warm bioweapon like Covid with zero consequences was nothing short of brilliant.
Posted on 9/17/24 at 8:41 am to ItNeverRains
quote:
In the most sadistic evil way possible, China’s global response from the release of a luke warm bioweapon like Covid with zero consequences was nothing short of brilliant.
China was absolutely butt fricked by Covid and it's accelerating their economic collapse.
So speeding up their downfall was brilliant to you? I never have heard suicide described that way.
Posted on 9/17/24 at 8:43 am to ItNeverRains
quote:
There is only one solution. Who’s willing to say it?
Stop passing Nancy Pelosi continuing resolutions?
Posted on 9/17/24 at 8:48 am to SlowFlowPro
quote:
China was absolutely butt fricked by Covid and it's accelerating their economic collapse.
China is always on the verge of economic collapse because the command and control type of government they have stifles innovation and ambition. Most people there expect to be slaves to the government. When capitalism sneaks in, the CCP quashes it.
Posted on 9/17/24 at 8:51 am to SDVTiger
quote:
No one in Gov is Conservative and you voted them all in
Mmm
No, I didn’t vote them all in
Posted on 9/17/24 at 8:54 am to SlowFlowPro
quote:
China was absolutely butt fricked by Covid and it's accelerating their economic collapse. So speeding up their downfall was brilliant to you? I never have heard suicide described that way.
What? China will starve 50% of their population and steal the entire globes IPR before they collapse. China isn’t collapsing. Chinas release of Covid was evilly brilliant
This post was edited on 9/17/24 at 8:57 am
Posted on 9/17/24 at 8:57 am to ItNeverRains
quote:
China will starve 50% of their population and steal the entire globes IPR before they collapse.
They're already facing collapse.
Did you not see the recent report on decreasing global demand of oil? The biggest issue was decrease in Chinese demand. That signals economic decline.
We also have the removal of some of the based of their real estate house of cards, which will accelerate during this recession.
This is also ignoring their demographic time bomb that can't be fixed.
Posted on 9/17/24 at 9:02 am to SlowFlowPro
quote:
They're already facing collapse. Did you not see the recent report on decreasing global demand of oil? The biggest issue was decrease in Chinese demand. That signals economic decline. We also have the removal of some of the based of their real estate house of cards, which will accelerate during this recession. This is also ignoring their demographic time bomb that can't be fixed.
[quote]They're already facing collapse. Did you not see the recent report on decreasing global demand of oil? The biggest issue was decrease in Chinese demand. That signals economic decline. We also have the removal of some of the based of their real estate house of cards, which will accelerate during this recession. This is also ignoring their demographic time bomb that can't be fixed.
Yeah it’s hard to find cheap slave labor these days
But based on all these known metrics listed above, these experts must have a timeline for their impending collapse correct? When is that?
Posted on 9/17/24 at 9:07 am to frogtown
quote:
They don't have to fix it. Just slow it the frick down. That would be a victory.
Neither candidate wants to do that.
What they want is irrelevant in this instance, it's that they can't.
To balance last year's budget, it would have taken a cut to total spending (electricity for federal buildings, pay to everyone from President to p/t janitor, VA budget, Social Security, etc) of nearly 30%. To narrow the scope of cuts to just certain programs or cost centers means those items would be cut even more, the largest of those are Social Security, Debt Servicing, Medicare and Defense (in that order).
Cutting debt servicing would just make things worse so that's out. Cutting SS or Medicare would mean anyone voting for it would lose their next election. Cutting Defense could be done if we were to abandon our role as "world police" and shut down every foreign base, but that would be only a drop in the bucket (maybe $400B?) if we're talking about slowing down deficit spending for this year (which will likely come close to $3T at current levels of spending).
Without getting enough members of Congress willing to sacrifice their political seats in order to help the country get back onto a fiscally stable track, what a President or candidate wants is irrelevant as you will never get enough members in Congress willing to make such a sacrifice.
Posted on 9/17/24 at 9:07 am to SlowFlowPro
quote:
Slash Social Security and Medicare spending
And how would one do that today?
Posted on 9/17/24 at 9:09 am to Screaming Viking
quote:
And how would one do that today?
Just reschedule the welfare benefits by decreasing them across the board.
Decrease SS outlays and Medicare funding.
Posted on 9/17/24 at 9:12 am to ItNeverRains
quote:
Yeah it’s hard to find cheap slave labor these days
China was already losing that battle. They're not longer the focus for lower-level manufacturing and are losing market share.
And market rates in poor countries isn't "slave labor". That's Communist bullshite. It's a necessary step in their economic development. You skip the step and it thwarts true economic development (see: Russia).
quote:
these experts must have a timeline for their impending collapse correct? When is that?
How would they know this? What a silly question/standard.
Let me know all the experts within the US (outside of this website) who called/timed the 2009 Housing crash correctly. And we had active markets/data to judge, unlike fake numbers being produced by an authoritarian government.
Posted on 9/17/24 at 9:13 am to SlowFlowPro
quote:
Just reschedule the welfare benefits by decreasing them across the board. Decrease SS outlays and Medicare funding.
That’s certainly one way to do it. I’d go another route.
Posted on 9/17/24 at 9:17 am to SlowFlowPro
quote:
Let me know all the experts within the US (outside of this website) who called/timed the 2009 Housing crash correctly. And we had active markets/data to judge, unlike fake numbers being produced by an authoritarian government.
While I agree not every country has the honest economic transparency of a true capitalist country like the US, certainly there are some experts out there somewhere with an inkling of CCP true GDP and projecting outward have a educated guess of their demise?
Posted on 9/17/24 at 9:22 am to SlowFlowPro
quote:
2020 changed things
No way. And every single person would have reacted the same
quote:
Because Trump's Covid spending
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