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#310094 - 12/30/18 07:24 PM The National Debt
jgw Offline
enthusiast

Registered: 05/22/06
Posts: 2362
Loc: Port Angeles, WA
If you google "interest on national debt" you will get stuff like:
http://www.pewresearch.org/fact-tank/201...ou-should-know/
https://www.nytimes.com/2018/09/25/business/economy/us-government-debt-interest.html
https://www.cbsnews.com/news/the-skyrocketing-interest-payments-on-u-s-debt/

The Jackass administration has added almost 3 TRILLION dollars to the debt in just 2 years. This is, I think, some kind of record. On top of that we now have a debt which is greater than our GDP!

Now add in that the so called "tax cut" was done at the top of our economy. When we do that we stop the benefits of a hot economy and suck up all the supposed income to pay for the "tax cut". It makes it even more interesting when one considers that the main beneficiaries of the "tax cut" were the upper 1%. The plan is a 2 trillion cut for Medicare, Medicaid, and Social Security.
https://www.politifact.com/new-york/stat...-cut-medicare-/

What this means is that medicare will be losing 100 billion a year until, basically, done. Same with medicaid and Social Security. The Social Security is actually even more interesting as they are looting the money that citizens have been paying into Social Security due to payroll deduction.

There are problems when gov does stuff like this. The first is paying down the debt - that is simply not going to happen. We are already spending, literally, hundreds of billions of dollars in interest alone!

The point of all of this is the current crop of announcements, by Democrats, about all the things they are going to be able to get done. The only problem is that there is simply no way that can happen. We have rules that say that if gov spends money then gov has to find a way to pay for said increases in spending. The Republicans are already destroying the so called "Entitlements", even though they also continue to say things like; "We really need to do something about entitlements". The simple fact is that the current budget plans to simply destroy "entitlements".

Now, we are told that over 30% of the American Electorate support the destruction of entitlements. This also means that they are supporting any kind of gov support of their healthcare thereby continuing the already downward trend in our life expectancy.

So, the current administration has put the destruction of Entitlements (Social Security, Medicare and Medicaid) and has 30% of the population willing to die for that cause. Not only that but they have managed to add almost 3 TRILLION to the national debt in only 2 years. One can only wonder if they can do that for the next 2 years. If they do manage that I can only wonder at how rich the 1% will be when that all gets done. Of course the differences in the haves, and the have nots will, by then, be so huge that we will no longer have to deal with just the debt but the blood on the streets left by those who are being killed off for the apparent entertainment of the 1%.

Just saying..............

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#310096 - 12/30/18 07:47 PM Re: The National Debt [Re: jgw]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 8300
Loc: North San Diego County
Don't forget the blood of those 1%ers who get eaten by the poor.

Which brings up an interesting point: When somebody kills an entire 1% family, so there are no living heirs, does the entire estate go to the state or the federal government?

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#310112 - 12/31/18 03:54 PM Re: The National Debt [Re: jgw]
Ujest Shurly Offline
newbie

Registered: 10/16/16
Posts: 389
Loc: Sterling Heights, MI, USA
If your a 1%r, everything you have is in a trust and the beneficiaries are already determined and it dam sure is not any government.



Edited by Ujest Shurly (12/31/18 03:55 PM)
_________________________
Vote 2020.

Life is like a PB&J sandwich
The older you get, the moldery and crustier you get.

Now, get off my grass!

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#310116 - 12/31/18 10:22 PM Re: The National Debt [Re: jgw]
chunkstyle Offline
member

Registered: 10/02/07
Posts: 1365
You've gotta admire the brilliance of this. Not only do the people who have all the money get their tax burden reduced and with the help of some legal maneuvering, possibly eliminated altogether, but they now LEND the Federal Government the money to keep the lights on.
They'll sell the continued looting of the social safety programs. It's been a generational project for them. It's been only recently for wealthy democrats too.

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#310126 - 01/01/19 10:49 PM Re: The National Debt [Re: jgw]
jgw Offline
enthusiast

Registered: 05/22/06
Posts: 2362
Loc: Port Angeles, WA
Today I watched some more Dem supporters, on TV, explain all the good things that they are going to "take care of". There is healthcare, there is infrastructure, there are schools, etc. all of which need money. My point is that there is NO MONEY! Its already being spent, right now, to fund the tax bill and the 1%. When the Dems come into office there is not, as far as I can tell, any money available for anything but paying the interest on the national debt.

In other words the Republicans, in their infinite wisdom, figured out how to spend any and all money available to pay for their gifts to the very wealthy. The only way the Dems can stop this is to roll back some of the Republican tax bill. To do that they will need the senate to roll back stuff they have already voted for initiated. I am not convinced that they have the votes to do that which means the Republicans cleverly spent all the money and, as far as I can tell, did it knowing that the Dems would take the house, and not the senate, in 2018 which also means they were ahead of the Dems from the getgo. This also means that they will fight any and all legislation from the Dems, regardless of whether its good or bad for the nation, as their singular interest is in 'beating' the Dems by stopping any, and every thing, the Dems try and legislate. This means, basically, that the Dems are in the same place they were with Obama as president, ie. no Democratic legislation will be allowed.

Just saying...............

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#310134 - 01/02/19 07:32 AM Re: The National Debt [Re: jgw]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 8300
Loc: North San Diego County
Except for the fact that all spending bills have to start in the House, which does give the Democrats some leverage: They can just write all spending bills with some stuff they want in there and refuse to compromise when the Senate tries to remove it. If the Senate wants the government to function, they have to agree to some stuff.

They can hold out until August with 25% of the government shut down, but then the other 75% goes. Beyond that, they are in great peril of a Democratic Grand Slam in 2020.

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#310140 - 01/02/19 06:11 PM Re: The National Debt [Re: jgw]
rporter314 Offline
old hand

Registered: 03/18/03
Posts: 6674
Loc: Highlands, Tx
I propose a $500B ... yep that is a billion ... for a Trump Wall. A big beautiful wall ... a gold plated wall with Trump's face in relief ... with options to appropriate more

I wonder how many Republicans would choke on a tremendous waste of money ... gee almost as much as the lost revenues of the Trump Tax Cut.

Border security .... a wall to the Trump supporter ... are they for or against it
_________________________
ignorance is the enemy
without equality there is no liberty

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#310141 - 01/02/19 06:24 PM Re: The National Debt [Re: jgw]
chunkstyle Offline
member

Registered: 10/02/07
Posts: 1365
Well, there's the perpetual war costs and Empire that might serve as a guide Rporter. At least a wall would put engineers and trades to work whereas the war budget just puts people permenantly to sleep and blows stuff up. Tht's in the trillions of dollars so far.

Say, what comes after Trillion?


Edited by chunkstyle (01/02/19 06:25 PM)

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#310144 - 01/02/19 08:18 PM Re: The National Debt [Re: chunkstyle]
NW Ponderer Online   sad
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 16674
I agree that the Republicans are responsible for the debt, the deficit, and the poor condition our economy is moving toward. And, of course, that they will do nothing about it. The party is bankrupt, morally, logically, ecumenically (Sorry, Jack), and have demonstrated, in spades, two things: They have no idea how to govern, and they don't care about "The people". Democrats can do something about both, by passing out of the House bill after bill protecting the people and the nation against the abuses of crony capitalism Trumpism.

Eventually, a new tax law, raising taxes on corporations and the rich, will be required, and Democrats will have to pass it. Unfortunately, they will be accused of "taxing and spending" so they need a clear strategy to combat that. I think the mantra of "responsible government" will go a long way toward achieving that. Offer rational laws, supported by empirical data, often and publicly. 2020 could be a turning point, and Trump could prove to be the nadir of the GOP.

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#310146 - 01/02/19 08:48 PM Re: The National Debt [Re: jgw]
jgw Offline
enthusiast

Registered: 05/22/06
Posts: 2362
Loc: Port Angeles, WA
We are simply repeating the Republican Economic Mess thing. They leave an economic disaster EVERYTIME they leave office. I am convinced that's gonna happen again and, as far as I can tell, the downturn is well on its way. So, yet again, the Dems are going to be forced to save the economy of the nation. This time, however, they will, hopefully, say, everytime they are on TV - "This failed economy is a gift from the Republican Party - we (the Dems) get gifted with one of these everytime we take over from the Republicans - since BEFORE Herbert Hoover!"

A new law raising taxes, to just pay the bills and save Medicare, Medicaid and Social Security, is needed right now. The problem, of course, is a Republican party, which has proven they have the incredible skill of stopping ANY Democratic legislation no matter what. Then, through time, the Republicans will convince the American Voting Public to believe that what the Democrats did created the problem of giving them a functioning, economically sane, government yet again. This time, hopefully, the Dems will continually trumpet the the failure of the Republicans to be fiscally responsible and have failed to actually govern. All Republican lies should be called immediately when they are claimed.

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