CBO Report doesn't look good

We should have been watching our spending better the last nine years or so. Obama really raised the national debt and the results were not worth the price it cost Americans. The Medical and Pharmaceutical industry reaped the profits, so did lots of scammers. Quite a few bad decisions were made during his reign. We also had some major disasters, but we cannot do anything about those, we had a major one under Bush, plus a war going on, those events also increased our national debt.

Hopefully we are done with wars for a while, it is expensive. All of the natural disasters over the last twenty years are draining us too.

originally posted by: projectvxn
They talk about the GOP tax cuts and other measures that I view, personally, as a good thing. However, they can't and won't be a good thing forever if spending isn't curbed in a significant way...

Hmm. I wonder where there's oodles of room for that, lets emsee...

a reply to: projectvxn

See, that depends....

25 years from now (if we last that long), the minimum wage should be about 45 dollars and hour and with inflation, we pay back "so called" debts with diluted money.

originally posted by: bigfatfurrytexan
a reply to: projectvxn

He pushed the Omnibus bill through...i have little hope. He's not a fiscal conservative, and until our nation finds that we are going to speed headlong into austerity by necessity.

He pushed it through but said at the time it was the last time he'd do that. I think he picked his battle at that time, but I'm of the belief that it won't happen again.

Austerity isn't going to happen in the US unless we foolishly permit it to. We're the world reserve currency and will remain such until we do something jaw droppingly short sighted like allow our military muscle to be surpassed. So long as we're in that position, it's not like the World Bank or any nation holding our debt can force our hand as they did with Greece, Italy, or Ireland. Unlike essentially every nation on Earth, the US has the ability to bail itself out with very limited lasting ramifications and certainly without any foolish ass kissing of the Rothschilds.

originally posted by: rickymouse
Hopefully we are done with wars for a while, it is expensive.

It's expensive when you don't claim spoils or dominate the end negotiations, for sure.

a reply to: burdman30ott6

What you call "being able to bail ourselves out" (hegemonic global imperialism) is the very thing ensuring the debt continues to balloon to ever more unprecedented heights, and its all in lieu with Rothschild agenda.

a reply to: Willtell

Blah blah blah.

Do you have ANYTHING of substance to add to the thread?

Doesn't seem like you do if you think republicans crashed the economy in 08.

Seems like the mechanics of that crash were totally lost on you.

originally posted by: IgnoranceIsntBlisss
a reply to: burdman30ott6

What you call "being able to bail ourselves out" (hegemonic global imperialism) is the very thing ensuring the debt continues to balloon to ever more unprecedented heights, and its all in lieu with Rothschild agenda.

They don't want to hear that. They like America having massive armaments. Trump even wants to have a NAZI like parade showing off America's power.

The MIC cabal will get preference in a GOP led government and they'll NEVER cut the defense budget.

ALL of them( GOP and Trump) save maybe Ron and Rand Paul are in the pockets of the MIC.

Trump likes to look at the shiny medals on the breast of his war mongers.

a reply to: Willtell

Dang...You were even vapid enough to roll out the NAZI thing.

Good job.

originally posted by: projectvxn
a reply to: Willtell

Blah blah blah.

Do you have ANYTHING of substance to add to the thread?

Doesn't seem like you do if you think republicans crashed the economy in 08.

Seems like the mechanics of that crash were totally lost on you.

You just don’t like to hear the truth


This is known history.

You're just in denial and don’t want to admit your right-wing dogma is BS



I Was Wrong! Alan Greenspan

originally posted by: projectvxn
a reply to: Willtell

Dang...You were even vapid enough to roll out the NAZI thing.

Good job.

Thanks

I’m glad you’re coming around to the truth

Nothing like facts, eh


Don't feel bad we all make mistakes

originally posted by: IgnoranceIsntBlisss
a reply to: burdman30ott6

What you call "being able to bail ourselves out"

Enough with the graphs and charts, H. Ross. A third of the debt is intragovernmental debt, money the US owes to itself while another 15% )approx) is "owed" to the US Federal Reserve. With the stroke of a pen, that's 45% of this country's debt which could go bye-bye without a single tax payer feeling anything. There's another third which is foreign held US debt... that debt could quickly go away provided we're willing to flex and preen a bit in the aftermath to ensure nobody gets too uppity over it. There, we just eliminated 85-88% of the federal debt.

The last Republican administration almost destroyed the western world economy

THAT’S A FACT

Trump is slowly trying his best to do worse than Bush

Obama left a great economy. As much as I don't like Obama I have to admit he brought us back from the brink of HELL Bush left us in, and he stabilized the American economy. THIS IS STILL OBAMA'S ECONOMY not Trumps

And so far Trump, it looks like is trying his best to duplicate Bush's errors

This will be Trump’s economy when the results of his tax cut for the rich, his tariffs and trade escapades, and how his deregulation work out in the near future.


Beyond that this so-called great economy is still Obama’s.

a reply to: Willtell

A Democrat held the office of President the last time Congress balanced the budget. Good ole Bill can not take all the credit there. Oh, and it happened to be a Republican Congress. Bill Clinton did not balance the budget. Congress did and Bill signed it.

Understand that debt and a deficit are not the same. The debt is the accumulation of past deficits that the US finances through bonds.

Trump will without a doubt, due to his tax cuts explode the debt and deficit.

The GOP will NOT have the courage to cut entitlements and there raising the defense budget into the stratosphere, as well Trump wants 10 billion for his wall, and that’s a modest estimate of what it will cost.

We're not even at infrastructure yet which will again raise debt and deficit?

originally posted by: Willtell
This will be Trump’s economy when the results of his tax cut for the rich, his tariffs and trade escapades, and how his deregulation work out in the near future.


Beyond that this so-called great economy is still Obama’s.

So if this is Obama's economy, it's safe to say the $21.1 Trillion in debt is creditable to Obama as well, yes? Or are you cherry pickin'?

originally posted by: Khaleesi
a reply to: Willtell

A Democrat held the office of President the last time Congress balanced the budget. Good ole Bill can not take all the credit there. Oh, and it happened to be a Republican Congress. Bill Clinton did not balance the budget. Congress did and Bill signed it.

Well, true, there was a GOP congress at the midpoint in Clinton’s first term but the thing he did that was the catalyst of his deficit balancing( along with the dotcom bubble) was done when he raised taxes on the rich in his first year before the GOP took over. They took over the same way they did during the Obama presidency--- after the health care issue.

But Clinton presided over a true economic expansion, not a fake one like today were there is no real growth just rich people getting richer and poor getting poorer.

originally posted by: Willtell
But Clinton presided over a true economic expansion

You mean the one which went bye-bye when his dot com bubble burst? The "real" expansion which was largely centered on stuff like the Enron millionaires? Yes, that was so real you could *almost* imagine it was happening!