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Full Version: Auditor: Government Will Owe More Money Than Entire Economy Produces
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It's so nice you finally care about this MACH... Welcome to what conservatives were saying 5 years ago...
Got to give the rich a tax break. We can't survive without making them richer.
He's concerned about the debt? Now?

Its too early to be drinking on a Sunday but God bless him.
Proof, once again, of the hypocrisy of the left.
(01-14-2018 10:44 AM)cb4029 Wrote: [ -> ]Got to give the rich a tax break. We can't survive without making them richer.

The Federal Government doesn't have a problem with how much money it receives in tax payments - it has a problem with how much it spends.

Those currently in power are unwilling to limit the spending from the "money tree", unwilling to cut ANY spending - hell, they're unwilling to freeze the annual increases as they know that the "other side" will use that decision as a cudgel come next election.

It's comparable to parents that can't say know to their kids, rack up credit card debt until they eventually declare bankruptcy. None in Washington are willing to take the bag of candy from the toddler, they let him eat till he gets sick and throws up.
I went back to old articles about you guys caring about the debt. Literally hundreds of them. I posted an article usmbacker posted. Just seeing if it carried out the same meaning it did back in 2016. All Trump did was add 1.5 trillion to corporations. A giant give away to the rich. All of these threads trumpeting the economy. Duhhhhh. Ya think. A shot of heroin to a junkie. That’s all this was. The rich get richer and the poor will get poorer.
Bwahahah!

Mach's biznezz is complaining about everything, and Brother, business is good.
Laughable.

Double the debt of 250 years in eight short years and nary a peep.

Now, 1.5 over a DECADE, in the worst case scenarios and its ARMAGEDDON!!!

What a bunch of back bencher clods.

Whaddya gonna whine about next? If you’re now, suddenly, all pearl-clutching worried about this, just send in your gains from the last 12 months.

Betcha won’t!


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Rath you post like somebody who can’t make a counterpoint. Every single one of your responses has been directed at me instead of the point. Why is that? Bankrupt of ideas? Can’t defend the indefensible? My money is on question 3.
You continually act like a miserable jerk to the world on every topic on a message board that was apparently named in honor of a daughter who was very well respected. Its frankly kind of sad to watch. I'd think you'd want to be a grown up around here at some point.
(01-14-2018 11:21 AM)Machiavelli Wrote: [ -> ]I went back to old articles about you guys caring about the debt. Literally hundreds of them. I posted an article usmbacker posted. Just seeing if it carried out the same meaning it did back in 2016. All Trump did was add 1.5 trillion to corporations. A giant give away to the rich. All of these threads trumpeting the economy. Duhhhhh. Ya think. A shot of heroin to a junkie. That’s all this was. The rich get richer and the poor will get poorer.

How about you take a look at my post #6 directly above.

You okay with cutting the amount the Fed spends??
[Image: whmycx.jpg]

Quote:As part of the broader economic legacy of President Barack Obama, from jobs to the stock market, one of the most notable changes has been the increase in the national debt.

Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000.

As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.


Based on the website USdebtclock.com, which extrapolates the US national debt in real time based on committed government spending, the debt will be roughly $19.97 trillion when President-elect Donald Trump takes office on Friday.

Thus, the national debt under Obama will have grown by about $9 trillion, or an increase of 86%.

http://www.businessinsider.com/national-...ama-2017-1
Its utterly intellectually dishonest for any liberal to try to use the deficit as a sword on one of their daily combat sorties.

Its nothing but trolling writ large.
No and either is your party. Absolutely positively do not cut SS or Medicare. People paid into that and the govt. for years upon years has taken out of the kitty. Pay back the money you borrowed from it and it ain’t a Ponzi scheme. All of the other expenditures are pennies to the dollar.
Hey

Tell me again who controls spending and which party controlled govt. from 2010 til now.....
(01-14-2018 11:39 AM)rath v2.0 Wrote: [ -> ]Its utterly intellectually dishonest for any liberal to try to use the deficit as a sword on one of their daily combat sorties.

Its nothing but trolling writ large.

It is really hilarious. This Mach person is to just be laughed at.
Which branch of govt. controls the purse strings? Enlighten me boys?
Here’s the point. Yes we are worried about the debt. But two points:

1) On top of the $20+ trillion that’s already baked in, another $1.5 trillion is pretty immaterial.
2) The debt is not the only thing that concerns us, and an even bigger concern at least in the short run is that our corporate tax rates were nearly double the rest of the world, and if you don’t think that hurt American competitiveness in the world economy, I’d really be interested in your explanation why not. The rest of the tax bill is pretty much meh as far as I’m concerned, although it is a step toward simplification and politically some move on individual taxes were probably necessary. I would think corporations would’ve inclined to source more taxable income in the US, so much that it will probably lead to a net increase in corporate tax revenues, and it will certainly cause more jobs to be located here than would otherwise be the case.

The only doable way to get the budget back in balance is a combination of welfare reform and a consumption tax, plus reducing military expenditures by getting allies to pick up more of the cost, cutting admin overhead, and never fighting a war that we don’t intend to win. I have advocated all of those, with welfare reform taking the form of Bismarck health care plus a minimum basic income, and Mach, I thought you were onboard with at least most of that approach.
(01-14-2018 11:42 AM)usmbacker Wrote: [ -> ]
(01-14-2018 11:39 AM)rath v2.0 Wrote: [ -> ]Its utterly intellectually dishonest for any liberal to try to use the deficit as a sword on one of their daily combat sorties.

Its nothing but trolling writ large.

It is really hilarious. This Mach person is to just be laughed at.

Its just sh!t posting and he knows it.
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