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Home » Controversial Topics » Politics » Is the deficit getting worse or better? Or does it matter it anymore
Is the deficit getting worse or better? Or does it matter it anymore
| July 27th, 2019 at 3:33:32 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18212 |
Tea Party rallies died off after 2011 or so. Then the movement got "professional" and started putting people up for office and things like that. Unless you are a liberal rent-a-mob type you can only go to so many rallies. I went to 2-3 for the Tea Party. Great, polite people. No angry chanting, screaming, or that kind of silly stuff like you see at BLM or OWS. No mess left behind. I am not into that "professional" level myself. A rally with some speakers is a fun afternoon and a show of force. But IMHO, only an idiot donates to politics beyond the most local level. Rich kids can go work the phones or bang on doors. You do not make any real difference and all you are trying to do is join a club that is not letting you in. Last election I voted for Trump and that was all. The rest want to live political lives, they do not deserve my vote. Midterm I tried to oust our awful governor who largely got put there by the education class that thinks we dare not cut education during a recession. I will not vote at all for POTUS if the GOP puts up another McCain type. Tuning out feels great. The President is a fink. |
| July 29th, 2019 at 12:57:47 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
I thought this comment was very funny, so I posted it in another forum and got suspended for trolling.
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| July 29th, 2019 at 1:41:09 PM permalink | |
| Dalex64 Member since: Mar 8, 2014 Threads: 3 Posts: 3687 | Sorry you got suspended for that. I tried to find the original article but couldn't. So for something not funny, in 8 years Obama added something like 6.5 trillion dollars to the deficit. In less than one term, Trump has racked up and budgeted for 4.1 trillion. The latest thing that Congress is working on for money is going to be good until after the next election - so they aren't even trying to make an issue of the spending for the next election cycle. So yeah, much like when they were hiding behind Obama's veto for all of those anti Obamacare votes they took, once in power support on their own end evaporated. After talking the talk when they weren't in power, now that they are they can't even get a show vote together. "Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan |
| July 29th, 2019 at 2:07:47 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18212 |
Here is the thing, at this point just prepare for the collapse. Put money in real property, metals, foreign denominated assets, bitcoin, etc. The collapse cannot be avoided. Not while we have one side playing the scare game with 47% of the population. Not when we our media takes the side of that side each and every time. It was fun while it lasted, but terminal decline is upon the USD. As the USD supplanted the Pound which supplanted the Franc which supplanted the Dabloon you can go back to the Roman Empire. Hopefully I do not live to see it but hopefully can be one of the ones to profit from it and live in comfort. Unless the bottom 45% start paying income tax nothing will change. The President is a fink. |
| July 29th, 2019 at 2:16:04 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
Top 10 Reasons Why the U.S. Economy Won't Collapse https://www.thebalance.com/us-economy-wont-collapse-3980688 If you take a risk, you may lose. If you never take a risk, you will always lose. |
| July 29th, 2019 at 2:16:49 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Well, I don't get that for Obama. It's more like $9.3 trillion dollars in 8 years. https://www.treasurydirect.gov/NP/debt/current $1,539,684,631,121 $0.192 trillion per year for 8 years Clinton $4,899,100,310,608 $0.612 trillion per year for 8 years Bush $9,320,427,506,299 $1.165 trillion per year for 8 years Obama $2,007,594,204,073 $1.004 trillion per year for 2 years in office Trump |
| July 29th, 2019 at 3:07:07 PM permalink | |
| Dalex64 Member since: Mar 8, 2014 Threads: 3 Posts: 3687 | Found it https://www.thebalance.com/national-debt-under-obama-3306293 The method there to get 6.7 (maybe I said 6.4 earlier?) trillion is to add up all of the deficits budgeted by the president. That is to say, he isn't responsible for the budget deficit his first year, but is responsible for the budget deficit the first year of his successor. And it only counts deficits as budgeted, not the actual change in the amount of the national debt. That is what I compared to Trump's 4.1 Trillion in budgeted deficits. The national debt under Obama did go up 9 trillion dollars. "Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan |
| July 29th, 2019 at 4:03:58 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18212 |
Not the economy, the USD. Weimar Germany had a fairly decent economy aside from the hyperinflation. The President is a fink. |
| July 29th, 2019 at 4:36:06 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
They talk about the USD and the debt and lots of reasons things won't collapse. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| July 29th, 2019 at 4:46:28 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
I used Method 1
The point is that Obama campaigned that he would eliminate the deficits accrued under Bush, and he did not. Trump campaigned that he would eliminate the deficits under Obama and they have instead gone up. So we should just assume that no Republican or Democrat is capable of eliminating deficit spending. |