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re: These M-fers don’t give a damn if they crash the economy

Posted on 3/12/25 at 9:27 pm to
Posted by DisplacedBuckeye
Member since Dec 2013
76550 posts
Posted on 3/12/25 at 9:27 pm to
quote:

What happens when you cut off some of your revenue streams but do not significantly change your expenditures?


If you can take on unlimited debt with no consequences, not a damn thing.
Posted by cadillacattack
the ATL
Member since May 2020
7265 posts
Posted on 3/12/25 at 9:31 pm to
quote:

2008 was nothing compared to what’s coming.


I remember 2000 …. and I remember 2008

To me, the current situation in the market reminds me more of 2008 … and the Banks clearly failed to learn their lesson, almost as much as the government failed.

The current bubble is so massive … smh

This post was edited on 3/12/25 at 9:33 pm
Posted by TBoy
Kalamazoo
Member since Dec 2007
25676 posts
Posted on 3/12/25 at 9:34 pm to
Crashing the economy is Trump’s plan. That’s what they did in the Soviet Union, and the oligarchs rose from the ashes to run Russia as a mafia state. That is what Trump and the right wing want for America. Crashing and destroying everything is the only way to have a very small privileged class take full control.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
76408 posts
Posted on 3/12/25 at 9:50 pm to
fricking idiot.
Posted by TenWheelsForJesus
Member since Jan 2018
8675 posts
Posted on 3/12/25 at 9:51 pm to
quote:

I trust Trump and whatever his plan is. Anyone doubting Trump's sincerity at thos point are simply fricking retarded.



His plan is to forward a budget based on 6.85T in spending and 4.9t in revenue.


That's step 1. Now what are the next steps in Trump plan? Why can't you people ever carry out a full thought?

What is Massie's plan? Cut spending and then what? Still lose billions to waste because Massie doesn't care about a targeted budget? What's Massie's plan to make sure the people not responsible for the debt aren't wrecked by the policy shift? What's Massie's plan to strengthen the economy and stop people taking advantage of us?

I'll go with the guy who has a plan to reduce spending wisely while lessening the burden on the people over the guy who just wants cuts with no follow through plan while letting foreign countries rape us in trade.

Massie was just the only republican who voted with every single democrat. I know you look at that and say, "Wow, that guy sure is principled." But at the end of the day, he is voting with democrats. Does it really matter what his principles are if he is giving power to the people trying to destroy our country?

He risked letting Trump take a fall for a closed government. But he didn't mean to hurt MAGA's agenda, so we have to excuse it, because we're conservatives and results don't matter, only being able to tell others how righteous and true we are.
Posted by DisplacedBuckeye
Member since Dec 2013
76550 posts
Posted on 3/12/25 at 9:53 pm to
quote:

I'll go with the guy who has a plan to reduce spending wisely while lessening the burden on the people


Who's that, because it sure as frick isn't Trump.
Posted by DisplacedBuckeye
Member since Dec 2013
76550 posts
Posted on 3/12/25 at 9:58 pm to
quote:

That is what Trump and the right wing want for America.


Are you going to pretend the left wing doesn't want the same?
Posted by LawyerBillboards
Member since Jun 2021
7 posts
Posted on 3/12/25 at 10:16 pm to
They do care. They simply milk as much as possible out of the system without killing the host. I'm legit curious how big of a percentage of US household income could go towards debt payments before things got untenable.

Usury was treated as a cancer even back in biblical times and was even an issue leading up to WW2.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19101 posts
Posted on 3/12/25 at 10:37 pm to
Buy metals and prepare.
Posted by stuntman
Florida
Member since Jan 2013
9669 posts
Posted on 3/12/25 at 11:06 pm to
quote:

Crashing the economy is Trump’s plan. That’s what they did in the Soviet Union, and the oligarchs rose from the ashes to run Russia as a mafia state. That is what Trump and the right wing want for America. Crashing and destroying everything is the only way to have a very small privileged class take full control.


That's what regulations do, TBoy. They make compliance costs insanely high so it keeps competitors out of the markets. The Left doesn't think we're regulated enough.

Can you name for us a single Leftist policy that would increase market competition?

Posted by DisplacedBuckeye
Member since Dec 2013
76550 posts
Posted on 3/12/25 at 11:10 pm to
quote:

Buy metals and prepare.


Lead, copper, and zinc.
Posted by wackatimesthree
Member since Oct 2019
7793 posts
Posted on 3/12/25 at 11:54 pm to
quote:

These frickers in Washington


You're including Trump in your rage, yes?

I don't see him making any effort to curb the deficit or the debt.

Even the DOGE money they (supposedly) will save, he's talking about sending that back to taxpayers instead of using it to pay down either one.

Same with all the vote-buying tax exemptions. That's money that could be going to pay this shite down.
Posted by dkreller
Laffy
Member since Jan 2009
32040 posts
Posted on 3/13/25 at 12:04 am to
quote:

If you think saying "the reason we have an exploding national debt is due to 40 years of tax cuts with no significant decrease in government spending" is the dumbest shite you've read in weeks, then you're the retard in this situation.

Your problem is that you left out the bolded part in your original post.

And yes…your original post was some of the dumbest shite typed on the Internet in weeks.
Posted by Powerman
Member since Jan 2004
164019 posts
Posted on 3/13/25 at 12:29 am to
quote:

Anyone doubting Trump's sincerity at thos point are simply fricking retarded

What about his competency?
Posted by Taxing Authority
Houston
Member since Feb 2010
59930 posts
Posted on 3/13/25 at 1:12 am to
quote:

I'll go with the guy who has a plan to reduce spending wisely

LINK



I'm in no way saying Biden did well. I don't like these numbers any more than you do. So simply limit it to Trump:

quote:

President Trump approved $5.9 trillion of net spending increases including interest ($2.8 trillion non-COVID) and $2.5 trillion of net tax cuts ($2.0 trillion non-COVID).
Who's your guy again?
This post was edited on 3/13/25 at 1:14 am
Posted by Bunkie7672
Member since Mar 2020
512 posts
Posted on 3/13/25 at 6:06 am to
I don’t know how you can know anything about the personal history of Donald Trump and think to yourself “yeah that guy is fiscally conservative” lmao.
Posted by Penrod
Member since Jan 2011
45766 posts
Posted on 3/13/25 at 6:56 am to
quote:

Well, hopefully if a major crash happens (and I agree w/ you that one is coming), it's NOT handled like the Great Depression or 2008 where government decided to spend way more and get even more involved in the economy. That's what made both of those so bad.

This is not even close to what actually happened. In fact it is almost completely opposite of what happened. The stock market crash of 1929 happened in an era of extremely low government regulation. The government responded to the loss of revenue, caused by the slowdown, with big cuts in government spending intended to balance the budget (so exactly opposite of what you posted). These cuts are almost universally believed to by economists to have deepened the recession into what became known as The Great Depression.

It wasn’t until the enormous spending of FDR, most occasioned by the war, that the economy recovered.
Posted by BBONDS25
Member since Mar 2008
52112 posts
Posted on 3/13/25 at 7:03 am to
quote:

Our debt problems are most entirely due to the variety of tax cuts over the last 40 years.


Completely false. I mean. Absurdly false.
Posted by BBONDS25
Member since Mar 2008
52112 posts
Posted on 3/13/25 at 7:05 am to
quote:

Many of these things also could not be left to a profit-seeking organization either without a degradations in levels of service.


Name some.

quote:

even the billionaires depend on the government to some degree, perhaps even more than many of us on here.


Interesting. Please expand.
Posted by BBONDS25
Member since Mar 2008
52112 posts
Posted on 3/13/25 at 7:07 am to
quote:

What happens when you cut off some of your revenue streams but do not significantly change your expenditures?


Laffer curve laughs at you.
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