Vegas Free-for-All - Trump done a good thing

Trump done a good thing

pjstroh

Dec 3, 2016
1:20am

Quote

Originally posted by: alanleroyII
And how much has President Obama added to it 'all by his lonesome'? When everything is said and done, it will be close to 8 Billion 'all by his lonesome'. It will in fact, be more than any other president in US history. Irresponsible? Unpatriotic? The Hypocrisy runs deep.

The debt added under Obama's watch has come almost entirely from existing law before his arrival in office.
So you're comment about "debt entirely on his own" is....bullshit. Why don't you add up the actual laws signed by Obama and their impact on debt and see where your argument stands.

But again - you're desperately trying to change the subject. debt is not an ideology. Pelosi and Reid had no love for George BUsh - but they both stepped up and helped him lay the groundwork for getting out of the hole in 2008. The same can not be said of Paul Ryan and McConnell who have spent their tenure leading the congress to shut down the government and blame political opponents for Bengazhi....and blasting economic policy that they now magically embrace

jphelan

Dec 3, 2016
1:28am

Block User

Can we all agree, Federal budgets should be balanced except in extreme conditions (i.e. 1929 / 2008)?

Can we all agree, State and Local Budgets, MUST be balanced always?

Can we also agree, the Federal debt is too high and needs to be reduced (maybe even re-financed) or the % of federal spend used to service the debt with continue to increase and become further and further our of control?

alanleroyII

Dec 3, 2016
1:43am

Block User

Quote

Originally posted by: pjstroh

Quote
Originally posted by: alanleroyII
And how much has President Obama added to it 'all by his lonesome'? When everything is said and done, it will be close to 8 Billion 'all by his lonesome'. It will in fact, be more than any other president in US history. Irresponsible? Unpatriotic? The Hypocrisy runs deep.

So you're comment about "debt entirely on his own" is....bullshit.

Hey..I'm just applying Candidate Obama's analysis of the Bush debt to his own results in increasing the debt...and how it's Hypocritical for partisan hacks to now deny any responsibility for that debt. It's ok PJ, Republican Hacks do the same thing. You're in good company.

What's bullshit is pretending a new president with a congress his party controls has no control over government finances. I guess anything that goes wrong for Trump can now be blamed on Obama...Just like you're now blaming Bush for Obama's 8 Trillion Dollar expansion of the National debt. I'd hope the new administration goes with a new budget that focuses on their priorities rather than sticking with whatever Obama gave them.

alanleroyII

Dec 3, 2016
2:28am

Block User

Quote

Originally posted by: jphelan
Can we all agree, Federal budgets should be balanced except in extreme conditions (i.e. 1929 / 2008)?

Can we all agree, State and Local Budgets, MUST be balanced always?

Can we also agree, the Federal debt is too high and needs to be reduced (maybe even re-financed) or the % of federal spend used to service the debt with continue to increase and become further and further our of control?

I certainly agree with this. We blew a golden opportunity for this by ignoring the Simpson/Bowles Debt Commission. I think the only hope is a Constitutional Amendment. There's a couple of proposals floating out there. They all ease back to a balanced budget and have provisions for times of war and grave national emergencies. The bottom line is that Democrat and Republican politicians have to be forced to do it.

Don

Dec 3, 2016
3:36am

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DonDiego says "Cut the Budget !"

Now that that's settled, . . . what should be cut ?

Ref: PolitiFact

malibber2

Dec 3, 2016
5:49am

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Quote

Originally posted by: DonDiego
DonDiego says "Cut the Budget !"

Now that that's settled, . . . what should be cut ?

Ref: PolitiFact

It is a revenue problem not a spending problem. A huge tax cut (decreasing revenue further) while doubling defense spending isn’t the answer.

jatki

Dec 3, 2016
6:01am

Block User

Quote

Originally posted by: billryan

Quote
Originally posted by: hoops2
DD did a chart on this a while back. Labor force participation has been increasing among boomers & decreasing for millenials.

Amazing how one has to keep repeating the same info.

The old " keep telling the same lie over and over again" theorem. Good to see some weak minds still fall for it.

Hmmm..the good old "keep ignoring the truth" theorem. Good to see closed minds still ignore facts.

jatki

Dec 3, 2016
6:07am

Block User

Quote

Originally posted by: pjstroh

Quote
Originally posted by: alanleroyII
Quote
Originally posted by: pjstroh
Quote
Originally posted by: malibber2
Just remember, it was a Republican that ushered in this new era of socialism.

The only time they bitch about government spending and economic intervention is when they are out of power. ...like they've done for the last 8 years. And that's sad.
.
Kind of like the way Democrats only bitch about the national debt when they are out of power.

"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child.
That’s irresponsible. It’s unpatriotic.”

And how much debt do our children have to pay back now? How much did President Obama add 'by his lonesome'? Is he irresponsible and unpatriotic? What happened to his 'Bipartisan Debt Commission'? Hey! Maybe we just can't trust politicians! And that's sad.

You mean the deficit that's been cut by 2/3 under Obama? Is that what you're complaining about? Or is it the balanced budget by the Democrat president before him, Bill Clinton? Democrats' records on deficits are light years beyond Republicans both when they are in and out of the White House.

Regardless, the country having a debt is not an economic ideology....it's an attribute of bad budgeting. Democrats don't toggle their ideology depending on who owns the White House.

Oh man, I love this arguement. Obama runs the deficit UP to 1 1/2 trillipn in '09 then the deficit starts to come down, what a load of crap. BTW the deficit has started rising again due to Obamacare which was supposed to save the govt. and family's money. It' was expected to keep rising, well see what Trump and the rep.s come up with.

Deficit: The amount by which the government’s total budget outlays exceeds its total receipts for a fiscal year. —US Senate Budget Committee

In FY 2016 the federal deficit was $587 billion.

This year, FY 2017, the federal government in its latest budget has estimated that the deficit will be $504 billion.

Here is the federal deficit by year for the last decade:
Deficits in billions
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$161 $458 $1,413 $1,294 $1,295 $1,087 $679 $485 $438 $587

jatki

Dec 3, 2016
6:12am

Block User

Quote

Yes.

I like Buffets suggestion, It would definitely end excessive debt in a hurry.

"I could end the deficit in five minutes. You just pass a law that says that any time there's a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah, yeah, now you've got the incentives in the right place, right? (Laughs)

pjstroh

Dec 3, 2016
6:51am

Block User

Quote

Originally posted by: jatki99
Oh man, I love this arguement. Obama runs the deficit UP to 1 1/2 trillipn in '09

I stopped reading right here for obvious reasons....

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