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2
Posted on 12/8/23 at 8:28 am to Eurocat
quote:Actually it was the Newt Gingrich congress that did that. And the "surplus" didn't include SS.
But dag-nabbit if that dang Clinton didn't eliminate the annual (not the historical "piled up from the past") deficit.
Posted on 12/8/23 at 8:29 am to Ribbed
I figured you wouldnt be able to answer
We have the three stooges making fools of themselves in this thread
We have the three stooges making fools of themselves in this thread
Posted on 12/8/23 at 8:30 am to SDVTiger
quote:
I figured you wouldnt be able to answer
Oh, I can and do when it matters. You don't matter. You've not said anything coherent in months. Not sure you are able anymore, cultist.
Posted on 12/8/23 at 8:31 am to RogerTheShrubber
quote:
Hes so close to declaring himself to be friend of Karl M.
Just waiting on Daddy Trump to give the signal.
Posted on 12/8/23 at 8:32 am to RollTide71
quote:Of course it can. But you'd have to cut it by about 85% of all discretionary spending if you want to pay off any debt. Do you think the entire government is going to shink to 15% of its current size?
The budget can be cut without cutting SS and Medicare.
Posted on 12/8/23 at 8:33 am to SDVTiger
quote:
I figured you wouldnt be able to answer
Convince me to vote for Trump.
I dont need protection from Chinese or Mexicans, I dont want more money thrown into the economy robbing my kids of their future, and I want competent bureaucracy.
Why should I vote for economic positions that put us deeply in debt?
Im close to retirement, why would I want my 401k going stagnant like happened in 2020 and 2021?
Posted on 12/8/23 at 8:33 am to Ribbed
quote:
Oh, I can and do when it matters
Basically you cant answer and a made a fool of yourself like always. We just witnessed it
Take the lithium so you can calm down
quote:
Convince me to vote for Trump.
You r a Dem. Vote blue no matter who is your slogan. There is no convincing someone that low iq
This post was edited on 12/8/23 at 8:39 am
Posted on 12/8/23 at 8:33 am to RogerTheShrubber
quote:
absolutely do, and your ideal creates serfs, not free people
My idea? What? The argument is that wealth creation doesn't come from the government borrowing. But when governments borrow, that spending has to go somewhere. There are several use-cases that show that government borrowing, within a broader economic liberalization programme, has helped spur economic growth. India is useful case. Once the country liberalized and liberalized their monetary policy, they took on more government debt as well as external debt, with remarkable results. By itself, those liberalization policies lifted more people out of poverty than any direct government intervention, with the difference between government spending post-liberalization is the relationship between private capital and government. This follows the model of post-war Japan, South Korea and other developing economies.
Posted on 12/8/23 at 8:37 am to crazy4lsu
quote:That's because the NPV of the debt isn't included in GDP. It's the equivalent of "I'm rich!!! Look at this new car, my huge TV, my massive fancy house." And not counting the debt it was all bought with.
The US debt has increased precisely because there is a demand for US securities.
And GDP growth has been fantastic.
The problem with the 'strong dollar" economic plan is that it depend on the rest of the world doing worse than the US. As soon as that changes, the flight of capital will be deadly.
Posted on 12/8/23 at 8:40 am to SDVTiger
quote:
Your a Dem.
Trumpophiles would confuse Conservatives for Progressives. After all, Donny kicked off this inflationary period.
One of the primary tenets of conservatism is individual responsibility. Your ideology teaches collective responsibility.
This post was edited on 12/8/23 at 8:43 am
Posted on 12/8/23 at 8:43 am to crazy4lsu
quote:You might want to have a peek at reproduction rates in the US, Europe, and parts of Asia.
We have to do what it takes to have a constantly growing population base
Posted on 12/8/23 at 8:43 am to RogerTheShrubber
My favorite part is where he used the wrong “your” but had to edit it to “you r” so people think he isn’t a complete idiot after trying to bring up someone else’s iq.
Posted on 12/8/23 at 8:44 am to Taxing Authority
quote:
The problem with the 'strong dollar" economic plan is that it depend on the rest of the world doing worse than the US. As soon as that changes, the flight of capital will be deadly.
Yet the consistent bet has been what?
The US is far better positioned structurally than several areas of the world, and that is in the absence of US intervention. Imaging some situation in which those areas suddenly can start working together is a fever dream at this point. For example, Indian and Chinese geopolitical aspirations run against one another in such a direct way that it is impossible to think that they could ever work together on a currency or something. Ironically, fundraising in the Indian tech sector focuses on Chinese investment using US dollars specifically.
Again, the demand for US securities has been extremely consistent. Suggesting that demand might go away due to some hopeful international scenario isn't even an argument against lessening demand, as it would take a long time for such a situation to develop to the degree that investors would risk their money.
Posted on 12/8/23 at 8:45 am to RogerTheShrubber
quote:Idiot.
You just parrot cnn talking points like the good antifa warrior you are
Posted on 12/8/23 at 8:47 am to RogerTheShrubber
quote:He'd do it if Trump told him to.
Hes so close to declaring himself to be friend of Karl M.
Posted on 12/8/23 at 8:47 am to SDVTiger
quote:
ou r a Dem. Vote blue no matter who is your slogan.
Accusing Roger of being Dem or Antifa with your cult leader's positions is hilarious. You say whatever idiotic nonsese pops into your mind. I don't have to argue that.
Posted on 12/8/23 at 8:47 am to Taxing Authority
quote:
The problem with the 'strong dollar" economic plan is that it depend on the rest of the world doing worse than the US. As soon as that changes, the flight of capital will be deadly.
I know this board loves to promote apocalypse fetishizing, but we are still doing better than the rest of the world.
We have issues, and saying that doesn't ignore those issues, it's just that everyone has similar issues (or at least issues with as much of an impact) WITHOUT our economic production and international projection.
Posted on 12/8/23 at 8:47 am to Taxing Authority
quote:
You might want to have a peek at reproduction rates in the US, Europe, and parts of Asia.
I literally addressed this in the rest of my post. I know that the TFRs are of the developed world and am well aware of the interventions that have been developed and haven't worked. What does work in stabilizing fertility rates has been immigration.
A Pentagon paper in 2018 suggested that around 300 million people are going to move from the 'Global South' to developed economies for the next century. The US is just far better than the rest of the world in integrating immigrants that it poses a massive advantage.
Posted on 12/8/23 at 8:48 am to SlowFlowPro
quote:
I know this board loves to promote apocalypse fetishizing, but we are still doing better than the rest of the world.
Does that mean that people shouldnt be somewhat vigilant, particularly since our economy is tied to theirs?
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