Maxed Out

[Exquisitor]

Maxed Out:

We're going to be paying over half a trillion dollars in Debt per year.

If it goes any higher, we won't be able to pay it back with even a trillion dollars a year.

So pay for your infrastructure and then balance that budget.

Are we presently rolling the half a trillion?

 

[highroller]

Maxed Out:

We're going to be paying over half a trillion dollars in Debt per year.

If it goes any higher, we won't be able to pay it back with even a trillion dollars a year.

So pay for your infrastructure and then balance that budget.

Are we presently rolling the half a trillion?

No, it is not the Dems job to be the fiscal conservatives. If they did all the austerity measures to balance the budget, the people would vote for the GOP and they would just cut taxes. We’re done with this fiscal responsibility. No one in Washington is fiscally responsible.

 

[Exquisitor]

No, it is not the Dems job to be the fiscal conservatives. If they did all the austerity measures to balance the budget, the people would vote for the GOP and they would just cut taxes. We’re done with this fiscal responsibility. No one in Washington is fiscally responsible.

Ya, but we're maxed out.

 

[Vern]

Maxed Out:

We're going to be paying over half a trillion dollars in Debt per year.

If it goes any higher, we won't be able to pay it back with even a trillion dollars a year.

So pay for your infrastructure and then balance that budget.

Are we presently rolling the half a trillion?

we dont have to pay it back. That statement alone shows you dont know what you're talking about. You also seem to think that the budget should be balanced. Have you ever noticed that the ones who tell you that are the ones that balloon the deficit every chance they get? They dont believe their own rhetoric, why do you?

 

[Exquisitor]

we dont have to pay it back. That statement alone shows you dont know what you're talking about. You also seem to think that the budget should be balanced. Have you ever noticed that the ones who tell you that are the ones that balloon the deficit every chance they get? They dont believe their own rhetoric, why do you?

Every chance they get? Like in response to covid?

Democrats reduce deficits and hand over growing economies.

Yes, we do have to pay it back or we default, that would get back China, the oil rich Mideast countries would be ripped off as they ran out of oil.

It would have been Satan's delight and you, one of the chief chefs.

Of course Great Depression and a bankruptcy might be good for us, so who am I to know, but I count on my pocketbook, and know what to do, to keep you scurvy Republicans from my banner.

 

[mrjurrs]

Ya, but we're maxed out.

I'm sorry, did I miss the part where the dollar is no longer the global currency?

 

[Exquisitor]

I'm sorry, did I miss the part where the dollar is no longer the global currency?

Won't make a difference if we don't pay our bills.

 

[highroller]

The United States for all of its problems is the best house on a bad block. Where are people going to put their capital? I’m sure they’ll find it very safe with Panama or China or Europe? No. We are the safe haven of the world for asset preservation, and the Democrats aren’t going to change that.

 

[mrjurrs]

Won't make a difference if we don't pay our bills.

...and when do you project that to happen?

National Debt by Country: The Top IOU Nations of 2020

GDP is an economic indicator regarding the economy of a certain country. This is why when looking at national debt by country, we will use that ratio when ranking the countries.

spendmenot.com

.

 

[Vern]

Every chance they get? Like in response to covid?

Democrats reduce deficits and hand over growing economies.

Yes, we do have to pay it back or we default, that would get back China, the oil rich Mideast countries would be ripped off as they ran out of oil.

It would have been Satan's delight and you, one of the chief chefs.

Of course Great Depression and a bankruptcy might be good for us, so who am I to know, but I count on my pocketbook, and know what to do, to keep you scurvy Republicans from my banner.

Ah, random double space blurts of questionable veracity. classic. Anyhoo, trump was ballooning from the start by cutting taxes and increasing spending. His covid stimulus was just the cherry on top. You probably didn't notice but democrats for voted stimulus under Bush, Obama, trump and Biden. republicans only voted for it under trump and Bush. Again, the people who tell you we need to balance the budget dont believe their own rhetoric, why do you?

 

[code1211]

Maxed Out:

We're going to be paying over half a trillion dollars in Debt per year.

If it goes any higher, we won't be able to pay it back with even a trillion dollars a year.

So pay for your infrastructure and then balance that budget.

Are we presently rolling the half a trillion?

Your math is just a tad off.

We are spending $1 Trillion left over from last year that Antsy Nancy would not release while Trump was in office.

$2 Trillion in the current Covid stimulus.

$3 Trillion in the upcoming Infrastructure booddoggle.

$1 Trillion in the normal and usual deficit spending.

The actual total you need to be concerned about is $7 Trillion dollars in new debt run up this year.

 

[Exquisitor]

Your math is just a tad off.

We are spending $1 Trillion left over from last year that Antsy Nancy would not release while Trump was in office.

$2 Trillion in the current Covid stimulus.

$3 Trillion in the upcoming Infrastructure booddoggle.

$1 Trillion in the normal and usual deficit spending.

The actual total you need to be concerned about is $7 Trillion dollars in new debt run up this year.

No, my instructions are put what you need on the credit card and then start paying it back.

 

[bongsaway]

Maxed Out:

We're going to be paying over half a trillion dollars in Debt per year.

If it goes any higher, we won't be able to pay it back with even a trillion dollars a year.

So pay for your infrastructure and then balance that budget.

Are we presently rolling the half a trillion?

This fiscal conservative is another myth republicans like to tell one another. It's meaningless like most of their supposed values.

 

[Grizzly Adams]

No, it is not the Dems job to be the fiscal conservatives. If they did all the austerity measures to balance the budget, the people would vote for the GOP and they would just cut taxes. We’re done with this fiscal responsibility. No one in Washington is fiscally responsible.

It really looks like you think this is the end of the argument -- that fiscal irresponsibility is an end state with no further consequences.

It's not, FYI...

 

[highroller]

It really looks like you think this is the end of the argument -- that fiscal irresponsibility is an end state with no further consequences.

It's not, FYI...

what’s the point of voting or even discussing a topic when it doesn’t lead anywhere? I am fiscally conservative. I gave up when I was informed that the Trump tax cuts were the definition of fiscal conservatism.

these debates are not had in good faith.

 

[code1211]

No, my instructions are put what you need on the credit card and then start paying it back.

I would prefer that we pay for what we want with money we actually possess. Federal spending is growing at a rate about 20 times that of the median household.

The outrageous growth of Federal Spending is a product of theft and dishonesty, not need on the part of the people.

The USA needs to abandon base-line "budgeting" and impose strict term limits on any federal elected office holder.

Using the word "budgeting" in connection with Federal Spending is a joke all by itself.

 

[Jezcoe]

Hey... if we are going to balloon the deficit we might as well get some good stuff out of it... not just corporations doing huge stock buy backs.

 

[iguanaman]

Every chance they get? Like in response to covid?

Democrats reduce deficits and hand over growing economies.

Yes, we do have to pay it back or we default, that would get back China, the oil rich Mideast countries would be ripped off as they ran out of oil.

It would have been Satan's delight and you, one of the chief chefs.

Of course Great Depression and a bankruptcy might be good for us, so who am I to know, but I count on my pocketbook, and know what to do, to keep you scurvy Republicans from my banner.

Republicans take the reduced deficits from Democrats and double them with pork for their donors and then cut their taxes on top of that. It's time to rebuild this country and we are not going to take no for an answer. We will also increase revenue by taxing corporations and the rich more so that will help pay for it.

 

[Exquisitor]

I would prefer that we pay for what we want with money we actually possess. Federal spending is growing at a rate about 20 times that of the median household.

The outrageous growth of Federal Spending is a product of theft and dishonesty, not need on the part of the people.

The USA needs to abandon base-line "budgeting" and impose strict term limits on any federal elected office holder.

Using the word "budgeting" in connection with Federal Spending is a joke all by itself.

Sure, but if you're living off the credit card and you're going to restructure, you buy up the last few things you need.

I would prefer we pay cash on the barrel too.

 

[Exquisitor]

Republicans take the reduced deficits from Democrats and double them with pork for their donors and then cut their taxes on top of that. It's time to rebuild this country and we are not going to take no for an answer. We will also increase revenue by taxing corporations and the rich more so that will help pay for it.

I think the way is clear, let us pray the Democrats do the right thing every time and keep all three branches.

 

[upsideguy]

Maxed Out:

We're going to be paying over half a trillion dollars in Debt per year.

If it goes any higher, we won't be able to pay it back with even a trillion dollars a year.

So pay for your infrastructure and then balance that budget.

Are we presently rolling the half a trillion?

We should not have done those tax cuts in 2017. The foundation of the infrastructure bill is the idea that we roll back some the tax cuts, re-directing the money to fix America's decaying 20th century infrastructure, as that is what should have happened in the first place. In essence, the infrastructure bill is a do-over.

The nice thing about infrastructure is that its an investment. Investments need to be financed, but if they are good, they pay for themselves. I keenly remember the political arguments about Denver spending $2B to build a new airport in the early 90's.... there was lots of "we don't have the money", "what's wrong with Stapleton", etc. Denver was deep in a recession, that bordered on depression in the late 1980's. In this particular case, the naysayers were very wrong. The same thing with the baseball stadium (Coor's Field). It was built in the early 90's with an elected increase in sales tax. The stadium was paid off in 7 years, 13 years faster than expected (so they build another one, Mile High). Today, Denver is a model America city; one of the most vibrant in the country, largely because most of the voters (and taxpayers) of 1990 had vision, guts and a strong sense of community.

Good infrastructure spending is righteous government spending. Of course, the key is to make sure the projects are smart projects.

 

[Exquisitor]

We should not have done those tax cuts in 2017. The foundation of the infrastructure bill is the idea that we roll back some the tax cuts, re-directing the money to fix America's decaying 20th century infrastructure, as that is what should have happened in the first place. In essence, the infrastructure bill is a do-over.

Do you know what you mean by, "Should not have done?"

Consider if we let Trump and the Republicans get away with they way they behave?

We're all so much better off under Biden.

 

[upsideguy]

Do you know what you mean by, "Should not have done?"

Consider if we let Trump and the Republicans get away with they way they behave?

We're all so much better off under Biden.

Yes, we had the same infrastructure issues in 2017 AND it was a political issue. Trump ran on it. We "should have" passed an infrastructure legislation in 2017 instead of the tax bill. If the infrastructure legislation was any good, the return on investment from the infrastructure could have justified a tax cut at a later time.

 

[Exquisitor]

We should not have done those tax cuts in 2017. The foundation of the infrastructure bill is the idea that we roll back some the tax cuts, re-directing the money to fix America's decaying 20th century infrastructure, as that is what should have happened in the first place. In essence, the infrastructure bill is a do-over.

The nice thing about infrastructure is that its an investment. Investments need to be financed, but if they are good, they pay for themselves. I keenly remember the political arguments about Denver spending $2B to build a new airport in the early 90's.... there was lots of "we don't have the money", "what's wrong with Stapleton", etc. Denver was deep in a recession, that bordered on depression in the late 1980's. In this particular case, the naysayers were very wrong. Today, Denver is a model America city; one of the most vibrant in the country, largely because most of the voters had vision and guts. The same thing with the baseball stadium (Coor's Field). It was built in the early 90's with an elected increase in sales tax. The stadium was paid off in 7 years, 13 years faster than expected (so they build another one, Mile High)

Good infrastructure spending is righteous government spending. Of course, the key is to make sure the projects are smart projects.

After handing off an economic crisis they gave enough stimulus to ward off a great depression and then said no more stimulus and ran about crying, "Failed Stimulus!" No raising revenue, no minimum wage, no highways bill, no education. A stitch in time saves nine, and now we have a rent twenty years long and thirty-trillion dollars deep.

So put your last things on the credit card and then we're going to have to pay it off.

 

[Exquisitor]

Yes, we had the same infrastructure issues in 2017 AND it was a political issue. Trump ran on it. We "should have" passed an infrastructure legislation in 2017 instead of the tax bill. If the infrastructure legislation was any good, the return on investment from the infrastructure could have justified a tax cut at a later time.

We should all just forget about "tax cut."

The debt's got to be paid.