Paul M
American-American
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RE: National Debt - Now up over $2T under trump in 2 years
We bitched for 8 years now we make excuses.
Just shoot me now.
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02-05-2019 09:26 AM |
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Machiavelli
Back to Reality. Oh there goes Gravity
Posts: 25,357
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RE: National Debt - Now up over $2T under trump in 2 years
I think they were paid actors RWT.........
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02-05-2019 09:27 AM |
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gdunn
Repping E-Gang Colors
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 09:26 AM)Paul M Wrote: We bitched for 8 years now we make excuses.
Just shoot me now.
Someone needs to be held accountable for this spending. It’s like we don’t know our limits.
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02-05-2019 10:02 AM |
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Marc Mensa
You'll Get Nothing and Like It
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RE: National Debt - Now up over $2T under trump in 2 years
We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
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02-05-2019 10:24 AM |
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JMUDunk
Rootin' fer Dukes, bud
Posts: 29,650
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I Root For: Freedom
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National Debt - Now up over $2T under trump in 2 years
(02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
How much money do Republicans give to wealthy people? Where does this money for wealthy people come from?
Can you give us a figure or two?
Thx in advance.
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02-05-2019 10:33 AM |
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bearcat65
All American
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
Spending on both sides is the issue. Letting people keep more of what they earn is not. Social Security and Medicare are both examples of the fallacy of letting the government have control of your retirement or health care.
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02-05-2019 10:35 AM |
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VA49er
Legend
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
A recession is undeniable coming. Doesn't take Nostradamus to forecast that. However, from everything I've read it won't be terrible and nothing like the great recession. Recessions are a normal part of an economic cycle. So, no, we won't be "screwed".
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02-05-2019 10:41 AM |
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Hambone10
Hooter
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 09:24 AM)Redwingtom Wrote: (02-04-2019 04:29 PM)UTSAMarineVet09 Wrote: Remember when the left complained about the deficit under oblunder? yeah, neither do I...
Well, this thread is about the national debt, which is not the deficit.
And no, I don't particularly remember the left complaining about the debt under Obama, but I sure as hell remember the right complaining about it...so where are they now?
Actually, the deficit is prominently mentioned in the OP... though the headline focuses on the debt because it's 'the bigger negative'.
There can also be a difference between blaming Trump for not fixing it (which he hasn't) and blaming him for its existence.
He was elected to cut it and thus far has not (or at least not meaningfully). I'd have to look at the OMB projections to know whether he's actually added to it or not.
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02-05-2019 10:44 AM |
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UofMstateU
Legend
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
Do you realize that the amount of tax revenue collected under Trump in 2018 is 2x-3x the amount collected in a Bill Clinton year?
Under Trump, with the tax cuts, we will collect in 3 years what it took Obama 5 years to collect.
We dont have a tax REVENUE problem. We have a SPENDING problem. We dont need to RAISE taxes, as that will cut GDP, and the amount of tax revenue coming in. We need to curb spending.
And since you are now a budget hawk, I expect to see posts from you calling out Bernie, AOC, Kamala, and every other numbnut candidate onthe left who are proposing budget busting initiatives to get dumbasses on the left to vote for them.
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02-05-2019 10:50 AM |
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ODU BBALL
Heisman
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 09:24 AM)Redwingtom Wrote: (02-04-2019 04:29 PM)UTSAMarineVet09 Wrote: Remember when the left complained about the deficit under oblunder? yeah, neither do I...
Well, this thread is about the national debt, which is not the deficit.
And no, I don't particularly remember the left complaining about the debt under Obama, but I sure as hell remember the right complaining about it...so where are they now?
The Right is trying to get the debt that your hero (Obama) left this country with under control. Trump said when running for office that he could do it but it would take about 8 years. It's been just 2 so far and things are still in the works to fix things. I don't think that President Trump accounted for all of the strong headwinds coming from the disruptive Democrats trying to keep the country from making ground in fixing the debt issue. It's obvious they don't want it fixed as it would show the country that the Right is indeed right. Once again, they are more concerned with getting votes in an upcoming election than they are in doing their job to make the country better.
Here's a hint for you - Socialism isn't better. Hopefully the country will remember that in 2020 or the Dems will once again be in power and further destroy the country. I say that because of all of the Socialist Leaning Leftist Loons running for President in 2020.
It's laughable that any Dem would come on here and even want to talk about the national debt after the way their party totally ignored it for 8 years running in more than doubling the debt to around $20 Trillion. Yeah, that's rich ...
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02-05-2019 11:02 AM |
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gdunn
Repping E-Gang Colors
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 10:50 AM)UofMstateU Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
Do you realize that the amount of tax revenue collected under Trump in 2018 is 2x-3x the amount collected in a Bill Clinton year?
Under Trump, with the tax cuts, we will collect in 3 years what it took Obama 5 years to collect.
We dont have a tax REVENUE problem. We have a SPENDING problem. We dont need to RAISE taxes, as that will cut GDP, and the amount of tax revenue coming in. We need to curb spending.
And since you are now a budget hawk, I expect to see posts from you calling out Bernie, AOC, Kamala, and every other numbnut candidate onthe left who are proposing budget busting initiatives to get dumbasses on the left to vote for them.
You're talking to a guy who is confused on how to claim his mileage.
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02-05-2019 11:04 AM |
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ODU BBALL
Heisman
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 10:33 AM)JMUDunk Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
How much money do Republicans give to wealthy people? Where does this money for wealthy people come from?
Can you give us a figure or two?
Thx in advance.
To the Dems, anytime they don't stick a gun in your back and rob you for $100 is a time that they gave you $100. Aren't they nice?
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02-05-2019 11:06 AM |
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BadgerMJ
All American
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 10:33 AM)JMUDunk Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
How much money do Republicans give to wealthy people? Where does this money for wealthy people come from?
Can you give us a figure or two?
Thx in advance.
In Progressive-Dem think, ALL money is the government's so by doing things such as cutting taxes, they're, in fact, "giving" wealthy people money.
We think money belongs to individuals. They think money belongs to the collective.
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02-05-2019 11:10 AM |
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BadgerMJ
All American
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 11:06 AM)ODU BBALL Wrote: (02-05-2019 10:33 AM)JMUDunk Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
How much money do Republicans give to wealthy people? Where does this money for wealthy people come from?
Can you give us a figure or two?
Thx in advance.
To the Dems, anytime they don't stick a gun in your back and rob you for $100 is a time that they gave you $100. Aren't they nice?
LOL
Just like anytime the dems raise your taxes by 5% instead of 10%, it's considered a "tax cut".....
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02-05-2019 11:11 AM |
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Marc Mensa
You'll Get Nothing and Like It
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 10:50 AM)UofMstateU Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
Do you realize that the amount of tax revenue collected under Trump in 2018 is 2x-3x the amount collected in a Bill Clinton year?
Under Trump, with the tax cuts, we will collect in 3 years what it took Obama 5 years to collect.
We dont have a tax REVENUE problem. We have a SPENDING problem. We dont need to RAISE taxes, as that will cut GDP, and the amount of tax revenue coming in. We need to curb spending.
And since you are now a budget hawk, I expect to see posts from you calling out Bernie, AOC, Kamala, and every other numbnut candidate onthe left who are proposing budget busting initiatives to get dumbasses on the left to vote for them.
oh boy...
You do realize there are 80 million more Americans in 2018 than there were in 1992... and that you'd need $172.00 now to equal $100 worth of buying power in 2019.
$1 in 1992 is not equal to $1 in 2019.
256 million people in 1992 generate less revenue than the 330 million Americans will generate in 2019.
(This post was last modified: 02-05-2019 11:23 AM by Marc Mensa.)
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02-05-2019 11:20 AM |
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gdunn
Repping E-Gang Colors
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 11:20 AM)Marc Mensa Wrote: (02-05-2019 10:50 AM)UofMstateU Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
Do you realize that the amount of tax revenue collected under Trump in 2018 is 2x-3x the amount collected in a Bill Clinton year?
Under Trump, with the tax cuts, we will collect in 3 years what it took Obama 5 years to collect.
We dont have a tax REVENUE problem. We have a SPENDING problem. We dont need to RAISE taxes, as that will cut GDP, and the amount of tax revenue coming in. We need to curb spending.
And since you are now a budget hawk, I expect to see posts from you calling out Bernie, AOC, Kamala, and every other numbnut candidate onthe left who are proposing budget busting initiatives to get dumbasses on the left to vote for them.
oh boy...
You do realize there are 80 million more Americans in 2018 than there were in 1992... and that you'd need $172.00 now to equal $100 worth of buying power in 2019.
$1 in 1992 is not equal to $1 in 2019.
And that’s who’s fault again?
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02-05-2019 11:22 AM |
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Marc Mensa
You'll Get Nothing and Like It
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 11:22 AM)gdunn Wrote: (02-05-2019 11:20 AM)Marc Mensa Wrote: (02-05-2019 10:50 AM)UofMstateU Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
Do you realize that the amount of tax revenue collected under Trump in 2018 is 2x-3x the amount collected in a Bill Clinton year?
Under Trump, with the tax cuts, we will collect in 3 years what it took Obama 5 years to collect.
We dont have a tax REVENUE problem. We have a SPENDING problem. We dont need to RAISE taxes, as that will cut GDP, and the amount of tax revenue coming in. We need to curb spending.
And since you are now a budget hawk, I expect to see posts from you calling out Bernie, AOC, Kamala, and every other numbnut candidate onthe left who are proposing budget busting initiatives to get dumbasses on the left to vote for them.
oh boy...
You do realize there are 80 million more Americans in 2018 than there were in 1992... and that you'd need $172.00 now to equal $100 worth of buying power in 2019.
$1 in 1992 is not equal to $1 in 2019.
And that’s who’s fault again?
We don’t want a growing tax base??
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02-05-2019 11:25 AM |
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gdunn
Repping E-Gang Colors
Posts: 30,494
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I Root For: Southern Miss
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 11:25 AM)Marc Mensa Wrote: (02-05-2019 11:22 AM)gdunn Wrote: (02-05-2019 11:20 AM)Marc Mensa Wrote: (02-05-2019 10:50 AM)UofMstateU Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
Do you realize that the amount of tax revenue collected under Trump in 2018 is 2x-3x the amount collected in a Bill Clinton year?
Under Trump, with the tax cuts, we will collect in 3 years what it took Obama 5 years to collect.
We dont have a tax REVENUE problem. We have a SPENDING problem. We dont need to RAISE taxes, as that will cut GDP, and the amount of tax revenue coming in. We need to curb spending.
And since you are now a budget hawk, I expect to see posts from you calling out Bernie, AOC, Kamala, and every other numbnut candidate onthe left who are proposing budget busting initiatives to get dumbasses on the left to vote for them.
oh boy...
You do realize there are 80 million more Americans in 2018 than there were in 1992... and that you'd need $172.00 now to equal $100 worth of buying power in 2019.
$1 in 1992 is not equal to $1 in 2019.
And that’s who’s fault again?
We don’t want a growing tax base??
You’re avoiding the question.
Who’s fault is this?
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02-05-2019 11:27 AM |
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UofMstateU
Legend
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RE: National Debt - Now up over $2T under trump in 2 years
(02-05-2019 11:20 AM)Marc Mensa Wrote: (02-05-2019 10:50 AM)UofMstateU Wrote: (02-05-2019 10:24 AM)Marc Mensa Wrote: We've had revenue shortfalls since the great recession. Historically, revenues have been upwards of 18% of GDP... since the crash, we've only hit 18% once (2015). In 2018, they dropped to 16.4%. Yes, spending is a component, but just as Republicans decry Democrats love of spending, Republicans also love to spend and they also love to give wealthy people money. At a time when we should have been increasing taxes for social security and medicare, we're focused on decreasing taxes for people who do not need tax decreases. When recession comes again... and it will come... were screwed.
Do you realize that the amount of tax revenue collected under Trump in 2018 is 2x-3x the amount collected in a Bill Clinton year?
Under Trump, with the tax cuts, we will collect in 3 years what it took Obama 5 years to collect.
We dont have a tax REVENUE problem. We have a SPENDING problem. We dont need to RAISE taxes, as that will cut GDP, and the amount of tax revenue coming in. We need to curb spending.
And since you are now a budget hawk, I expect to see posts from you calling out Bernie, AOC, Kamala, and every other numbnut candidate onthe left who are proposing budget busting initiatives to get dumbasses on the left to vote for them.
oh boy...
You do realize there are 80 million more Americans in 2018 than there were in 1992... and that you'd need $172.00 now to equal $100 worth of buying power in 2019.
Fortunately, your president is collecting 3.3 times the amount of revenue Clinton did in 1992. So that kind of takes care of any "buying power" issues, doesnt it?
I'm surprised you have time to post this much, considering you should be in the middle of making your daily 1000 mile business trip rounds.
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02-05-2019 11:29 AM |
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gdunn
Repping E-Gang Colors
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RE: National Debt - Now up over $2T under trump in 2 years
Careful he’ll bring up your post count vs his.
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02-05-2019 11:33 AM |
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