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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 12:42 pm to ShortyRob
Posted on 2/13/19 at 12:42 pm to ShortyRob
Republicans have failed
Democrats have failed
The right blames the left
The left blames the right
In 60 plus years we have had one year of surplus. That was with a Democrat president and Republican Congress. Newt and Bill worked together and that is the last time both parties truely worked together.
Obama doubled the deficit
Reagan doubled the deficit
6 surplus years(23-29) before The Great Depression.
Andrew Jackson almost balanced the budget. He left office in 1837 and that is the year of the Panic of 1837 a recession that lasted into the mid-40’s.
Nobody has the right answers on either side and America is still a great/best country.
Democrats have failed
The right blames the left
The left blames the right
In 60 plus years we have had one year of surplus. That was with a Democrat president and Republican Congress. Newt and Bill worked together and that is the last time both parties truely worked together.
Obama doubled the deficit
Reagan doubled the deficit
6 surplus years(23-29) before The Great Depression.
Andrew Jackson almost balanced the budget. He left office in 1837 and that is the year of the Panic of 1837 a recession that lasted into the mid-40’s.
Nobody has the right answers on either side and America is still a great/best country.
This post was edited on 2/13/19 at 12:46 pm
0
Posted on 2/13/19 at 12:49 pm to ShortyRob
quote:
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".
What are you not getting here? Let's say the budget deficit is 0 in year 1. In year 2, the deficit increases by 1 trillion. That's a 100% increase. Now let's say the deficit is exactly 1 trillion for another 99 years. After that, the increase will only be 1% in spite of the deficit being unaltered.
This post was edited on 2/13/19 at 12:51 pm
Posted on 2/13/19 at 1:00 pm to cahoots
quote:
What are you not getting here? Let's say the budget deficit is 0 in year 1. In year 2, the deficit increases by 1 trillion. That's a 100% increase. Now let's say the deficit is exactly 1 trillion for another 99 years.
I get what you point you think you're making. It's just really hilarious.
Do you really think that if the budget deficit in year 100 is $1T for that year and the actual budget is 100T, that this is as bad as if in year 1, the actual budget was 10% with a 1T deficit?
I mean, seriously? Is THAT your argument. Good fricking God.
Posted on 2/13/19 at 1:16 pm to cahoots
quote:
What are you not getting here? Let's say the budget deficit is 0 in year 1. In year 2, the deficit increases by 1 trillion. That's a 100% increase. Now let's say the deficit is exactly 1 trillion for another 99 years. After that, the increase will only be 1% in spite of the deficit being unaltered.
Spotted your after the fact edit.
I hope you don't think it made it less dumb.
Posted on 2/13/19 at 1:17 pm to boogiewoogie1978
Trump has made liberals become fiscally aware. The man truly is a genius. 
Posted on 2/13/19 at 1:22 pm to ShortyRob
Yep, sad isn’t it
Posted on 2/13/19 at 1:40 pm to Ebbandflow
quote:
2005 and 2006 were under Obama? Lol. You should try reading the entire post before commenting.
Those two years has onlhy 6.6% increase 
You should try reading the entire post before commenting. quote:Literally nothing stopped him from ending it.
Also, Obama inherited a war.
Posted on 2/13/19 at 1:45 pm to Ebbandflow
quote:Go here. Learn something.
Think of how we would be doing if we correctly taxed offshore money, didn't have a 20 year long War, and didn't make a gigantic tax cut for corporations in the United States.
LINK
The first 13 years of the GWOT only amounted to $160B/yr.
We don't tax "offshroe money" for the same reason people in Lousiana don't pay property and income taxes to California.
They hype doesn't live up to the math.
Posted on 2/13/19 at 1:55 pm to mmcgrath
quote:
nd yet Republican love attributing the FY 2009 budget deficit on Obama.
They would be just as wron as those blaming Trump for 2017.
quote:
BTW, pretty sure you are off in fiscal years. The FY 2017 ended in 2017.
I believe the FY begins Octobe 1 and ends September 30 the following year. In any event the year a President is inaugurated is the prior President's budget until October 1.
Posted on 2/13/19 at 1:55 pm to ShortyRob
quote:THIS! The only way one could balance the budget is ending SS and MEDI, while continuing to collect the taxes. Anyone think that's politically possible?
Honestly, the problem is in ~360M American bathroom mirrors.
I can't think of a single thing that would actually make a difference that you could cut substantially in the budget that wouldn't create a goddamned firestorm in the American public.
Otherwise you're looking at almost trippling the tax rates on the "middle class"
I can hear it now "Just tax 'the rich' more!" The problem is... when you're already taking 39% of their marginal income... you can't triple it. People paying 10% however... it's possible.
There's a lot of pain coming to the middle class. And most of them are too stupid to see it coming.
Posted on 2/13/19 at 1:59 pm to ShortyRob
quote:All while saying the Republicans aren't doing anything.
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.
Posted on 2/13/19 at 2:01 pm to cahoots
quote:
Over 8 years during the biggest recession since the great depression
always an excuse. The spending was optional. And known to ineffective.
Yet... somehow... there's no accountability for Obama. Telling.
quote:Let's look at the projections in 2012. Huge deficit and debt increases were pre-predicted as a result of accumulating debt service and SS/MEDI payouts. Committed and spend BEFORE Trump was even running for president.
Let's project Trump's out over 8 years.
This post was edited on 2/13/19 at 2:03 pm
Posted on 2/13/19 at 2:03 pm to HailHailtoMichigan!
quote:
How can you look at this graph and say with a straight face that medicare and ss aren’t elephants in the room?
Because Medicare and SS are easily fixable.
GOP funding wars and tax cuts repeatedly on the govt credit card isn't as easy to fix until your party has a reckoning.
Posted on 2/13/19 at 2:05 pm to cahoots
quote:
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
If I were selling you a car, I'd tell you it's $200/month.
Posted on 2/13/19 at 2:08 pm to BamaAtl
quote:
GOP funding wars and tax cuts repeatedly on the govt credit card isn't as easy to fix until your party has a reckoning.
True or false, the tax current receipts are the most in history?
Posted on 2/13/19 at 2:09 pm to tigersbb
quote:Budgets and spending does get changed during the FY, though. That ARRA was passed in Feb.
In any event the year a President is inaugurated is the prior President's budget until October 1.
Posted on 2/13/19 at 2:10 pm to BamaAtl
quote:You should campaign on ending these programs. You'll find out how "fixable" they are.
Because Medicare and SS are easily fixable.
Posted on 2/13/19 at 2:10 pm to Taxing Authority
quote:
THIS! The only way one could balance the budget is ending SS and MEDI, while continuing to collect the taxes. Anyone think that's politically possible?
Otherwise you're looking at almost trippling the tax rates on the "middle class"
I can hear it now "Just tax 'the rich' more!" The problem is... when you're already taking 39% of their marginal income... you can't triple it. People paying 10% however... it's possible.
There's a lot of pain coming to the middle class. And most of them are too stupid to see it coming.
I think the least painful cut is to first restrict SS in specific ways. For example, you shouldn't be able to collect more than you put in unless you are unable to provide for yourself otherwise. That seems pretty basic.
Posted on 2/13/19 at 2:12 pm to cahoots
quote:
I think the least painful cut is to first restrict SS in specific ways. For example, you shouldn't be able to collect more than you put in unless you are unable to provide for yourself otherwise. That seems pretty basic.
You think that is an easy compromise? You are delusional.
Posted on 2/13/19 at 2:13 pm to wickowick
quote:
You think that is an easy compromise? You are delusional.
Didn't mean to imply it would be politically achievable. Just that it makes rational sense
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