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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 9:25 am to ragincajun03
Posted on 9/17/24 at 9:25 am to ragincajun03
quote:Congress will do something. They will outspend this forecast.
If Congress does nothing, the total debt will climb by another $22 trillion through 2034. Interest costs alone are poised to exceed annual defense spending.
quote:Taxes are unpopular. Who woulda thunk?
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, a path to deficit reduction that both parties say they don’t want.
quote:We are not getting a “discount” We are incurring future liabilities.
Voters often support balanced budgets in theory, but they also like the low taxes and higher spending of the past few decades. At least at some level, they prefer getting government at a discount.
What’s truly sad is all of this was predicted back to 2011. The COVID spending jubilee made it worse. No doubt the next “crisis” will be “solved” with the printing press.
0
Posted on 9/17/24 at 9:36 am to ragincajun03
Both the D and R candidates are pandering right now with plans that will increase the debt and neither candidate has a plan to reduce spending. There's going to be a financial crisis. It will be pre-planned and orchestrated and it'll come with canned solutions that will be good for Big Money and bad for everyone else. Money will be used to destroy your autonomy and the Bill of Rights. When things collapse we'll see things like CBDC - Trump has come out in favor of "stable" coin garbage, which can be monitored and controlled and subjugate you to the whims of Big Gov, just like a CBDC scheme.
Both parties have been infiltrated by Big Money.
Both parties have been infiltrated by Big Money.
Posted on 9/17/24 at 9:51 am to SlidellCajun
quote:
He never fought to contain it when he was president and I don’t think he’ll do anything if elected again.
Trump will be long gone when the SHTF.
Posted on 9/17/24 at 9:53 am to Bard
quote:
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.
Eventually, it'll be done for them, because they'll be forced to.
Posted on 9/17/24 at 10:12 am to Ace Midnight
quote:
bullshite. Reagan cut tax RATES dramatically and receipts soared.
Yeah, but Reagan cut from some very high marginal rates, plus he was able to close lots of tax loopholes. We could do this now, but the fruit is not so low hanging.
Posted on 9/17/24 at 10:14 am to Wally Sparks
If he wins, I think they crash things on his watch.
Posted on 9/17/24 at 10:21 am to Ace Midnight
quote:SAY THIS LOUDER, SO THAT THE PEOPLE IN THE BACK CAN HEAR IT!!!
bullshite. Reagan cut tax RATES dramatically and receipts soared.
The U.S. does...not...have...a...revenue...problem. The U.S. is...not...under...taxed.
There is a federal spending problem. Period. Full stop.
100% Correct!
Posted on 9/17/24 at 10:32 am to ragincajun03
It's not that complicated. Basics apply and at some point soon we'll have massive inflation. Like hamburger is the same price as my mortgage inflation. 
Posted on 9/17/24 at 10:43 am to ragincajun03
quote:
Federal Debt Is Soaring. Here’s Why Trump and Harris Aren’t Talking About It.
They won't talk about it because without the aid of a particularly useless Congress, there's nothing they can do about it. Nothing.
I'm voting for Trump mainly because the policies that he can actually control are going to put more money in my pocket to prepare for the inevitable collapse. We're finished and the clock is ticking, but four years of Trump policy landing in my pockets will be a godsend.
Posted on 9/17/24 at 10:46 am to ragincajun03
quote:
The U.S. isn’t fighting a war
We pay for wars though.
Posted on 9/17/24 at 11:23 am to Wally Sparks
quote:
Trump will be long gone when the SHTF.
Trumps not a deficit hawk. He uses debt heavily in his business so he understands how it works.
He isn’t worried about the US exceeding debt to gdp ratio’s or any other metric of debt affordability.
Posted on 9/17/24 at 11:28 am to RollTide4Ever
quote:
I lost some precious metals on a boat trip.
I lost a bunch of guns on mine. Crazy.
Posted on 9/17/24 at 11:39 am to ragincajun03
The only way to get out of some of this debt with our current dysfunctional government is have the tightest monetary policy to make the dollar as strong as possible and grow our way out of debt.
Cut taxes, cut regulations and let American companies hire, expand and grow.
Cut taxes, cut regulations and let American companies hire, expand and grow.
This post was edited on 9/17/24 at 11:40 am
Posted on 9/17/24 at 11:41 am to ragincajun03
quote:
The U.S. isn’t fighting a war, a crisis or a recession
Uhhhhh…..
We may not be directly involved in a war but we sure as frick are financing one
We may not technically be in a financial crisis but we sure as frick are in the brink of one, maybe the worst ever.
Posted on 9/17/24 at 11:45 am to ragincajun03
And this is why we go to war with Russia and push for WW3 this is how you clean up the bottom line.
Posted on 9/17/24 at 12:14 pm to SlidellCajun
quote:
Trumps not a deficit hawk. He uses debt heavily in his business so he understands how it works.
He isn’t worried about the US exceeding debt to gdp ratio’s or any other metric of debt affordability.
He probably should start becoming one.
Posted on 9/17/24 at 1:59 pm to Wally Sparks
quote:
He probably should start becoming one.
That doesn’t make one popular. It’s not politically expedient. Won’t happen.
Posted on 9/17/24 at 5:17 pm to ragincajun03
quote:
The U.S. isn’t fighting a war, a crisis or a recession
We are fighting 2 wars, in the middle of the biggest illegal invasion in US history, and have been in a recession since Covid.
Author is a retard, OP is a phaggot for always starting these clickbait gen z attention whore threads.
Posted on 9/17/24 at 6:02 pm to ragincajun03
The truth is nobody really cares about this issue in DC except a very few and they are marginalized.
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