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Our debt is not a problem

eman623 said:
Even then too. I opposed the Trump tax cuts.

This thread was interesting when it was about whether reducing the debt is needed. Now it's turning into yet another R v D finger pointing exercise.

iu
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Reducing spending or raising taxes now will create a deep recession
 
eman623 said:
Even then too. I opposed the Trump tax cuts.

This thread was interesting when it was about whether reducing the debt is needed. Now it's turning into yet another R v D finger pointing exercise.

iu
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IF we don't recognize the people responsible we can't fix it.
 
Cope said:
Sure, if funding them means we raise everyone's taxes by 23%.

Or conversely we shit can all bills that aren't funded, until they figure out a way to fund them.

Buying votes is easy! Until you have to pay for it.

Likely some measure of both things need doing to balance any budget.
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wild assertions beyond reality
 
vegas giants said:
Reducing spending or raising taxes now will create a deep recession
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Short term pain, long tern gain.

If there was a way to reduce the debt without a spending cap crisis to provoke it, that would be great. But there isn't.

We're going into a recession regardless.
 
Jay59 said:
Did.

Got an A.


This si someone who needs to learn some economics.
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Econ 101 does not teach you how to manage a federal budget ............
 
eman623 said:
Short term pain, long tern gain.

If there was a way to reduce the debt without a spending cap crisis to provoke it, that would be great. But there isn't.

We're going into a recession regardless.
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No. You reduce spending and increase taxes when the economy is booming


This is not political....it's economics
 
the big problem is that servicing debt continues to become a larger item in the federal budget.

As I've brilliantly and famously said. If something can't go on, eventually it won't.
 
pocket aces said:
When will right wingers drop the ridiculous idea that the government is the same as an individuals finances? Whenever I hear that, I know who I am listening to isn’t educated in the least on the subject.
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it's not, but maybe it should be.
 
KLATTU said:
the big problem is that servicing debt continues to become a larger item in the federal budget.

As I've brilliantly and famously said. If something can't go on, eventually it won't.
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6.8% of revenue. Very low
 
vegas giants said:
OK thanks

Let's hope we don't get invaded by aliens either
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there is no if in the debt becoming a problem. Problems with it WILL arise if we continue to act as if it isn't a problem. Problems that could destroy our economy and guarantee you or anyone else will NEVER see socialist medicine, etc, etc... Problems that could allow China to become the worlds dominant power, with the consequences for all free nations at that point.
 
Hypothetical said:
there is no if in the debt becoming a problem. Problems with it WILL arise if we continue to act as if it isn't a problem. Problems that could destroy our economy and guarantee you or anyone else will NEVER see socialist medicine, etc, etc... Problems that could allow China to become the worlds dominant power, with the consequences for all free nations at that point.
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I've heard this speech for decades


China will be the dominate power no matter what we do


It's basic demographics
 
vegas giants said:
I've heard this speech for decades


China will be the dominate power no matter what we do


It's basic demographics
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it was true then and its doubly true now when we are entering more dangerous GDP to debt ratios and higher interest rates. ... but back in 2000 they supposedly balanced the budget at one point, allowing us to equalize it somewhat.

china will only be the dominate power if we act like idiots and allow them to achieve that. unfortunately, in many ways that is exactly what we are doiing.
 
Hypothetical said:
it was true then and its doubly true now when we are entering more dangerous GDP to debt ratios and higher interest rates. ... but back in 2000 they supposedly balanced the budget at one point, allowing us to equalize it somewhat.

china will only be the dominate power if we act like idiots and allow them to achieve that. unfortunately, in many ways that is exactly what we are doiing.
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China has 4 times our population. Once they develop a full Middle class its over. Same for India


It's basic demographics
 
vegas giants said:
No. You reduce spending and increase taxes when the economy is booming

This is not political....it's economics
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That's the theory. In practice it's not always so cut and dried.

If you can't do it when you should, then you better do it when you can.
 
eman623 said:
That's the theory. In practice it's not always so cut and dried.

If you can't do it when you should, then you better do it when you can.
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That is a horrible economic theory


A major recession causes revenues to drop like a rock


Uggggggg
 
eman623 said:
No argument here. Still the lesser of two evils.
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Uhhhh. No. If the debt is not a problem today don't create a massive crisis that will affect millions


Wait
 
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