Trump to GOP : Don't raise the debt ceiling

Good one Trump. The GOP has no balls. Maybe Demint will filibuster...

Trump hits back at Rove, GOP critics

In the wide-ranging interview, Mr. Trump also came out strongly against raising the federal debt ceiling, saying the debate over whether to raise the government’s borrowing limit was “the strongest negotiating point the Republicans have.”

They won't do it. Doing it doesn't mean default. It means NO DEFICIT.

The alternative would be to print, but let's say they are sane enough not to do that.

The budget would end up like that :

Taxes - Interest on the debt = Budget
2.17 trillion - 250.7 billion = 1919.3 billion

From the 3.82 trillion projected budget, it's a cut of 1.9 trillion +, just shy of a 50% cut.

Those numbers are just projected numbers from the 2011 budget. They most likely will change.

From the 2011 budget :

787.6 billion in pensions.
898 billion in health care.
140.9 billion in education.
928.5 billion in defense.
464.6 billion in welfare.
57.3 billion in protective services.
104.2 billion in transportation.
29 billion in general government expenses.
151.4 billion in other spending.

So... You need to cut 1.9 trillion. Good luck with that. This is what congress is gonna have to do if the ceiling ain't raised. Or raise taxes and cut...

Let's say you'll just tax... doesn't matter how much you tax, if it's a republican or a democrat government, the maximum any US government has ever been able to get in was about 20% of GDP. Or about 3 trillion.

3 trillion - 250 billion (interest on debt) = 2.75 trillion... So you would still need to cut about a trillion $ from the budget. And if you cut 1 trillion from the budget, the GDP is gonna contract by 1 trillion... So the next budget would bring 6-7% less money in...

Anyway, none of this matters, it won't happen, Trump is just doing a show for the sheeple who still believe there's people with integrity who care about the people in position of power in government.

We know the dems want it.
We know the republicans have no testicular fortitude.

It's a done deal.

About the only spine to be found is with some Tea Party folks and the American public.

reply to post by beezzer


Let's not be silly to think that the republicans are not going to get money out of raising the debt limit..they can complain all they want but let see how much money they get for their state as a result of this...I'm sure they will still put in earmarks in some of the bills that are looking to get passed..

The current Obama budget is around $3.5 Trillion, the Government took in about $2 Trillion which leaves a budget deficit of around $1.5 Trillion. If you take the top 10% of earners in America and confiscate EVERY SINGLE DIME they have it will total a little over $900 Billion. If you confiscate EVERY SINGLE DIME of income in America it would total about $2 Trillion. In other words the Government can't tax their way out of this, so raising taxes is a complete waste of time and will accomplish nothing. The ironic thing is that Obama just gave a speech at a community college in which he stated "you can't spend more than you take in". Liberal/Progressive hypocrisy at it's best! The moral of the story is that we are all screwed 8 ways from Tuesday, and it is only a matter of time before the rest of the world quits the US dollar. There is nothing we can do about it but prepare ourselves and our families for the absolute worst case scenario and hope that we come out OK on the other side.

Originally posted by chrismarco
reply to post by beezzer

 

Let's not be silly to think that the republicans are not going to get money out of raising the debt limit..they can complain all they want but let see how much money they get for their state as a result of this...I'm sure they will still put in earmarks in some of the bills that are looking to get passed..

You're right. There is no honor among thieves.

Originally posted by beezzer
We know the dems want it.
We know the republicans have no testicular fortitude.

It's a done deal.

About the only spine to be found is with some Tea Party folks and the American public.

Those elected with Tea Party support are pretty screwed.

I am a Tea Partier myself, and if they allow the raise in the debt ceiling, they will lose the support that got them into office. If they don't raise the ceiling, their opponents will crucify them in the press, and they will lose whatever mainstream support they had.

In my opinion, it is economic suicide to raise the ceiling. It is imperative that we cut spending at all costs. The credit rating has already been lowered, the Bond sales are already in decline. We have already printed an enormous amount of QE money. Precious metals are at all time highs. Unemployment is stagnant at best. Gas prices are flirting with $4 per gallon.

The only real solution now is to embrace the hard times, and lay groundwork to come out the other side in better shape with lessons learned. If we raise the debt ceiling, print more money, and tax more heavily, we might reach a point that is impossible to recover from.

787 billion in pensions
898 billion in healthcare
464 billion on welfare

when you here people scream that we spend more on defense that we do on entitlements TELL THEM THAT

one nite a lil while ago i search about the national deficit with the question who do we owe? who carries a multitrillion dollar marker unions and pensions. since government has been expanded to outrageous proportions.

half this country financing the other half is why they cant spend more than they take in but they are sure trying their damndest.

this isnt the gops fault roles were reversed and the gop wanted to raise the debt ceiling they would be blocking it at every turn.


the party will continue because they just dont get it keep living like theres no tomorrow and the the future americans suffer and die at their own greed.

reply to post by getreadyalready


I really don't think people have given us the credit we deserve for the changes we've made. Our group in Utah got an incumbent out. We'll get the rest out eventually.

We are not going away.

reply to post by beezzer


Yep. Here in Florida we had a major impact on State Government. We removed a long-time incumbent, we got Marco Rubio into office, we affected the Governor's race, and we pretty much won every State Congress seat that we went for. It was a drastic overhaul in government.

Now, the only question is will they stand their ground and stick to their promises?

Originally posted by getreadyalready
reply to post by beezzer

 

Yep. Here in Florida we had a major impact on State Government. We removed a long-time incumbent, we got Marco Rubio into office, we affected the Governor's race, and we pretty much won every State Congress seat that we went for. It was a drastic overhaul in government.

Now, the only question is will they stand their ground and stick to their promises?

I have no doubt that Rubio will stand his ground, but I think that he and his kind (also my kind) will be outnumbered by the establishment types. Hopefully we can get rid of the rest of them in 2012.