(01-14-2018 02:38 PM)Machiavelli Wrote:  The other side always complains about the debt when the other side has the office. Just wondered why you guys developed the sudden amnesia?

I haven't. It remains to be seen if the tax cuts spur enough economy growth to offset less tax receipts initially. Time will tell. Meanwhile, I'm ready for the government to freeze spending for the foreseeable future.

You won’t get that. It’s borrow and spend Republicans vs Tax and spend Democrats.

(01-14-2018 12:26 PM)Mr_XcentricK Wrote:  

(01-14-2018 11:38 AM)usmbacker Wrote:  

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

Amazing that someone can look at that chart and say “it all started in 2008 with that Democrat!!”

He didn't start it. It just went exponential under him.

(01-14-2018 02:38 PM)Machiavelli Wrote:  The other side always complains about the debt when the other side has the office. Just wondered why you guys developed the sudden amnesia?

Ive been complaining about it all my adult life..and..neither side has done squat to address it. This is another in many reasons we need a consumption tax paradigm. As long as those in power can reach directly into your pocket and take what they want through withholding?...They can do whatever they want to do...including borrow against your future earnings. Taking that away would force them to be more fiscally responsible.

It’s hard to do anything about it when the baby birds are hooked on the regurgitated worms...one side or the other cries bloody murder the minute you try to do anything.

You can tell when the Democrats are not in power:
1. They care about the deficit.
2. They care about the homeless.
3. They think gerrymandering is a bad thing.

(01-14-2018 03:04 PM)Jugnaut Wrote:  

(01-14-2018 12:26 PM)Mr_XcentricK Wrote:  

(01-14-2018 11:38 AM)usmbacker Wrote:  

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

Amazing that someone can look at that chart and say “it all started in 2008 with that Democrat!!”

He didn't start it. It just went exponential under him.

Same thing under Bush.

(01-14-2018 10:31 AM)Machiavelli Wrote:  Anyone else concerned about this?



http://freebeacon.com/issues/government-...e-economy/

You do know the only way to fix this is to reduce the welfare safety net. What social welfare cuts have the Democrats put forward over the last 20 years? What method have the Democrats suggested to balance the budget over the last 20 years? What is the Democrat Party proposal for balancing the budget TODAY?? Hell, in 8 years under the Obamanation administration--the Democrats generally almost never even bothered to submit and approve a budget--much less attempt to balance one.

Your sudden concern for the budget is as manufactured as the news on CNN.

16% of all current federal spending goes to the military and homeland security.

28% of all current federal spending goes to Health and Human Services.

25% of all current federal spending goes to Social Security.

That is 69% of all current federal spending whether discretionary or mandatory just in those three buckets.

Reason liberals want to raise taxes and cut defense spending.

(01-14-2018 03:57 PM)rath v2.0 Wrote:  16% of all current federal spending goes to the military and homeland security.

28% of all current federal spending goes to Health and Human Services.

25% of all current federal spending goes to Social Security.

That is 69% of all current federal spending whether discretionary or mandatory just in those three buckets.

Reason liberals want to raise taxes and cut defense spending.

And thats now---we havent even reached anywhere near the peak of where the baby boomers retire with it's corresponding massive spike in SS spending. So that 28% for Social Security spending is going to go waaay higher and there is nothing we can do about it. Its already baked into the future cake.

Here is the visual.

What's next Mach, outsourcing?

The Government have been raiding the Social Security and the Medicare piggy bank to pay for their wars and pet projects. The government since LBJ time to now owes everybody who paid into the programs a lot of money. What CNN reported is that the US tax-payers are the ones who owns the debt as the creditors of the US government. We need to close that door so that they stopped raiding the two programs. If they did not raid those programs? Both programs would be in perfect shape.

(01-14-2018 11:40 AM)Machiavelli Wrote:  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.

It's absolutely a Ponzi scheme. That said, I agree that people paid into it and depend on it and it is therefore an an essential safety net.

It'll stop when it stops and not before. It will be painful. All of the stuff we've been arguing about will go away. Defense, Social Security, safety nets, free condoms, the VA, Amtrak all of it will go away.

You can survive it. Russia did...sorta.

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(01-14-2018 11:40 AM)Machiavelli Wrote:  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.

Mach, I agree with you, don't cut SS or Medicare. The Fed has confiscated wages from workers for their lifetimes to fund this and it's not the fault of those that paid in that the sorry ba$tards spent it all - make cuts from other places.

The amount of waste and "administrative costs" associated with the government leaves enough places to remove cost.

Gee Mach, never heard you complain when Obama got us trillions of dollars in debt or giving Iran pallet loads of billions of dollars..only good when Dems do it.

remember all the rage from Mach when oblunder doubled our debt.... yeah, neither do I.

(01-14-2018 09:57 PM)CardFan1 Wrote:  Gee Mach, never heard you complain when Obama got us trillions of dollars in debt or giving Iran pallet loads of billions of dollars..only good when Dems do it.

Democrats are told what to think

(01-14-2018 07:04 PM)Crebman Wrote:  

(01-14-2018 11:40 AM)Machiavelli Wrote:  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.

Mach, I agree with you, don't cut SS or Medicare. The Fed has confiscated wages from workers for their lifetimes to fund this and it's not the fault of those that paid in that the sorry ba$tards spent it all - make cuts from other places.

The amount of waste and "administrative costs" associated with the government leaves enough places to remove cost.

It doesn't matter who paid into what. That won't save it.

There will come a day when a choice has to be made.

1) Inflation, inflation, inflation, and pay it all back with wheelbarrows full of worthless dollars.

2) Default.

3) A combination of the two.

Because it won't stop until it has to. When it does stop. You won't be getting your Social Security, your welfare check, your farm subsidy, your free education, your new fighter jet, your food stamps, your Federal matching funds, your grants, your visit to Yellowstone, or any of that cool stuff. At least for a generation.

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