Vegas Free-for-All - Republicans Create Economic Anarchy Again

Republicans Create Economic Anarchy Again

alanleroyII

Oct 11, 2015
8:42am

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Originally posted by: forkushV

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Originally posted by: jatki99
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Originally posted by: forkushV
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Originally posted by: DonDiego
...DonDiego encourages those fearful of impending economic anarchy based upon the bogeyman of Republican Congressional leadership to relax. Economic anarchy is not upon us. Everyone is likely to survive the 2015 manufactured crisis much as they survived the 2013 manufactured crisis...
That's because the Republicans BACKED DOWN in their threat to default on our debt. Now that the GOP House members have regressed even further, the stupids may have there way this time and end up defaulting.

Of course DonDiego goes all Chicken Little when it comes to the dastardly threats from Ebola!, Isis!!, Runaway Inflation!!!, Doctors quitting in droves!!!!, Immigrant Crime Waves!!!!! - and it seems like the list is endless for DD. But when S&P warns about dire consequences to our nation that could be cause by a debt default, well that's different.

You mean the same S&P that had rated all the mortgages/credit swaps as quality investments that you complained about (correctly) a few years back?

I'm pretty sure you're referring to Moody's, not Standard & Poor's.

Whether or not you referred to them in the past, Standard and Poors, Moody's and Fitch were all up to their eyeballs in miss-rating trillions of dollars of investment securities.

hoops2

Oct 11, 2015
11:52am

Block User

At least the Republicans make a small effort to control spending. The democrats ignore the reality that within 20 years 100% of the federal tax revenue will toward debt service, ss and Medicare expenses.

malibber2

Oct 11, 2015
12:49pm

Block User

Quote

Originally posted by: hoops2
At least the Republicans make a small effort to control spending. The democrats ignore the reality that within 20 years 100% of the federal tax revenue will toward debt service, ss and Medicare expenses.

lol yeah they really went all cheapo invading Iraq. They keep purposing more military spending, more tax cuts and all the Republican candidates for President want to invade Iran. They promise the tax cuts will pay for themselves just like the promised the Iraq invasion would pay for itself. The Republican front runner, Donald Trump, has purposed a tax cut package that would cost 10.8 trillion dollars. Republicans spend like drunken sailors when they are in charge.

pjstroh

Oct 11, 2015
1:02pm

Block User

Quote

The last 2 Democrats in the White House reduced the deficit. How many decades does Hoops need to go back to find a Republican President that did the same?

Facts matter to sane people.

hoops2

Oct 11, 2015
9:12pm

Block User

After the democrats increased the deficits to $1.5t, they now brag about reducing it to almost $600b. In 7 years Obama has almost doubled the deficit. The long term trend is a return to $1t deficits.

pjstroh

Oct 11, 2015
10:38pm

Block User

Quote

Originally posted by: hoops2
After the democrats increased the deficits to $1.5t, they now brag about reducing it to almost $600b. In 7 years Obama has almost doubled the deficit. The long term trend is a return to $1t deficits.

Like i said, facts matter to sane people. The above post is fact free.

Don

Oct 11, 2015
11:40pm

Block User

Barron's provides an explanation of the "debt-ceiling drama", the overall dysfunction of the Federal Government nowadays, the advent of zero-interest-rates on US Treasury Bills, and one advisor's warning that: "Capital preservation remains key.”

It is just such observations which led poor old DonDiego to pretty much exit the stock markets recently.

The piece is a good read no matter which side of the political issues the reader might prefer.

See Barron's - 10 October 2015.

Boilerman

Oct 11, 2015
11:48pm

Block User

Here is historical data on government giveaways and military spending.

https://dailysignal.com/2011/08/21/chart-of-the-week-defense-spending-has-declined-while-entitlement-spending-has-increased/

jatki

Oct 12, 2015
1:28am

Block User

Quote

Originally posted by: pjstroh

Quote
Originally posted by: hoops2
After the democrats increased the deficits to $1.5t, they now brag about reducing it to almost $600b. In 7 years Obama has almost doubled the deficit. The long term trend is a return to $1t deficits.

Like i said, facts matter to sane people. The above post is fact free.

Are you denying that the current US debt is 19T? When Obama took office it was roughly 9T? Dispute those facts.

I still remember his promise of cutting the deficit in half his first year and if he didn't, vote him out after 4 yrs. Instead his deficit quickly shot up to 1.5T. Hope and change.

forkushV

Oct 12, 2015
1:42am

Block User

Quote

Originally posted by: jatki99

Quote
Originally posted by: pjstroh
Quote
Originally posted by: hoops2
After the democrats increased the deficits to $1.5t, they now brag about reducing it to almost $600b. In 7 years Obama has almost doubled the deficit. The long term trend is a return to $1t deficits.

Like i said, facts matter to sane people. The above post is fact free.

Are you denying that the current US debt is 19T? When Obama took office it was roughly 9T? Dispute those facts.

I still remember his promise of cutting the deficit in half and if he didn't, vote him out after 4 yrs. Instead his deficit quickly shot up to 1.5T.

People who don't know the difference between the national debt and the deficit really shouldn't comment on such things.

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