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JoyinMudville

Massive Budget Busting GOP Spending Spree Spooks Fiscal Hawks

57 posts in this topic

On 2/3/2018 at 9:05 AM, overtaxed said:

A friend of mine used to be a drunken sailor.  He says they have him and his fellow squids beat!

;)

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On 2/2/2018 at 1:15 PM, JoyinMudville said:

Actually, under Clinton we began paying down the publicly held debt. You'll also recall, no doubt, that Obama worked with Congress to institute spending caps which the GOP congress is now blowing a hole through.

Presidents don't pay the bills, congress does.

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5 minutes ago, flyboy56 said:

Presidents don't pay the bills, congress does.

Actually, the Treasury Department does.

Regardless, under Clinton we began paying down the publicly held debt.

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2 hours ago, JoyinMudville said:

Actually, the Treasury Department does.

Regardless, under Clinton we began paying down the publicly held debt.

Why keep stressing Clinton when we both agree presidents don't pay the bills?

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Looks like the GOP led congress, after voting to blow up the deficit with their massive tax give-a-way to rich, has just compounded the problem with an additional $500 billion in deficit spending over the next two years.

This comes at a time of economic growth and relatively low unemployment... A time which, as anyone with an economic brain in their head, we should actually be paying down deficits and publicly held debt. The fiscal year 2019 deficit is projected to be $1.1 trillion - almost triple what it was in 2015. If we don't achieve 3% gdp growth or, god forbid, there is a recession, the deficit will be much higher which will essentially eliminate any fiscal tools from combating the recession.

morons, incomprehensible morons.

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On 2/2/2018 at 0:58 PM, flyboy56 said:

Democrats should bet delighted with all this spending. Neither party are interested in bringing down the massive national debt. And our children wanted Bernie Sanders for president. What does that tell us about our children's values when it comes to spending like drunken sailors? 

Democrats usually don't pass tax cuts before spending sprees, but nice try at a both sides argument.

 

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Almost like some in the media were asleep during the Bush administration. They passed a huge Medicare prescription drug benefit and didn't even attempt to pay for it.

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1 minute ago, michiganjoe said:

Almost like some in the media were asleep during the Bush administration. They passed a huge Medicare prescription drug benefit and didn't even attempt to pay for it.

That is what I was thinking.   Remember when Bush cut taxes and then went on a spending spree?   Do they not remember how badly that turned out?

I thought I heard a number of around 900 billlion to a trillion in deficits this year.   Is this on top of the 1.5 trillion low balled number from the tax cuts?  

Edited by SemiAuto

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On 2/2/2018 at 10:58 AM, flyboy56 said:

Democrats should bet delighted with all this spending. Neither party are interested in bringing down the massive national debt. And our children wanted Bernie Sanders for president. What does that tell us about our children's values when it comes to spending like drunken sailors? 

It tells us that our children want a well-educated and healthy population.  It tells us that our children realize that the government is going to spend the money anyway, so why not spend it on US and making sure that no one who's sick goes without care and that everyone can get a quality education.  Yeah, those are some real horrible values right there :rolleyes:

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4 minutes ago, SemiAuto said:

That is what I was thinking.   Remember when Bush cut taxes and then went on a spending spree?   Do they not remember how badly that turned out?

I thought I heard a number of around 900 billlion to a trillion in deficits this year.   Is this on top of the 1.5 trillion low balled number from the tax cuts?  

That's a pessimistic outlook.  All we need is a 6% GDP and we'll have a surplus!

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On 2/4/2018 at 2:12 PM, JoyinMudville said:

You're lying again...

 

Probably not lying, just one of those poorly educated trump loves so much

 

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On 2/6/2018 at 5:46 PM, flyboy56 said:

Why keep stressing Clinton when we both agree presidents don't pay the bills?

While the president doesn't actually pay the bills he can damn sure set policy that insure that it gets done... but you knew that

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Just now, ivanbalt said:

That's a pessimistic outlook.  All we need is a 6% GDP and we'll have a surplus!

Oddly enough, yes.   If there is a trillion dollar deficit in a 17 trillion dollar economy then 1/17 is .0588.   So If you get 6% gdp growth then we'll be okay.

I don't think I'll bet on that happening.

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It's absurd that we can't have a balanced budget and reduce the deficit during a good economy. What we'll have instead is a grotesque tax-cut-and-spend binge. Spending, whether it's "like a drunken sailor" or frugal, should be paid for by sufficient taxation.

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4 hours ago, regularguy said:

It's absurd that we can't have a balanced budget and reduce the deficit during a good economy. What we'll have instead is a grotesque tax-cut-and-spend binge. Spending, whether it's "like a drunken sailor" or frugal, should be paid for by sufficient taxation.

Yeap... any responsible steward of the economy, like say hillary, would have used  these hard faught good economic times to bring the deficit under control and maybe make smart investments in infrastructure. 

Again, we warned people in 2016 that trump and company would blow up the deficit. We were laughed at

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2 minutes ago, JoyinMudville said:

Yeap... any responsible steward of the economy, like say hillary, would have used  these hard faught good economic times to bring the deficit under control and maybe make smart investments in infrastructure. 

Again, we warned people in 2016 that trump and company would blow up the deficit. We were laughed at

You are joking, right?

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3 minutes ago, blowboatbethesda said:

You are joking, right?

Last time we had a balanced budget a clinton was president.

no, i am joking. You, on the other hand, are in denial

3 minutes ago, blowboatbethesda said:

You are joking, right?

 

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We've talked a lot about how little real effect the POTUS has on the market and the economy.

Can't say the same re Congress.

High employment, economy strengthening. Massive tax cut? Why?

Now with the possibility of over heating, inflation, and the end of cheap money: with the unnecessary tax cut and blown budget, we will be paying more and more to service our debt, borrowing more, further driving up interest rates.

It's not easy being this stupid.

Bravo.

 

Edited by ms maggie

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On ‎2‎/‎2‎/‎2018 at 0:58 PM, flyboy56 said:

Democrats should bet delighted with all this spending. Neither party are interested in bringing down the massive national debt. And our children wanted Bernie Sanders for president. What does that tell us about our children's values when it comes to spending like drunken sailors? 

Yeah, It's hypocritical on both sides.  I have a lot more respect for Rand Paul than I do for either Trump and especially socialist Bernie Sanders. 

It's equally hypocritical to pretend that members of the Incumbent Party like McConnell and Schumer are really that different from one another when it comes to big spending and the national debt.

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42 minutes ago, Ode2Joy said:

Yeah, It's hypocritical on both sides.  I have a lot more respect for Rand Paul than I do for either Trump and especially socialist Bernie Sanders. 

It's equally hypocritical to pretend that members of the Incumbent Party like McConnell and Schumer are really that different from one another when it comes to big spending and the national debt.

Which Democrats were pushing for big tax cuts to go along with big spending?  Again, the both sides argument doesn't work here.

Democrats want to spend more than the revenue generated and Republicans want to spend more than revenue while also reducing revenue.  Both sides!  :rolleyes:

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42 minutes ago, Ode2Joy said:

Yeah, It's hypocritical on both sides.  I have a lot more respect for Rand Paul than I do for either Trump and especially socialist Bernie Sanders. 

It's equally hypocritical to pretend that members of the Incumbent Party like McConnell and Schumer are really that different from one another when it comes to big spending and the national debt.

Which Democrats were pushing for big tax cuts to go along with big spending?  Again, the both sides argument doesn't work here.

Democrats want to spend more than the revenue generated and Republicans want to spend more than revenue while also reducing revenue.  Both sides!  :rolleyes:

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Democrats answer to debt .... PRINT MORE MONEY  ....

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32 minutes ago, Boobie said:

Democrats answer to debt .... PRINT MORE MONEY  ....

Republicans answer to debt .... PRINT MORE MONEY  .... and .... CUT REVENUE  ....

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On 2/9/2018 at 11:26 AM, ivanbalt said:

Republicans answer to debt .... PRINT MORE MONEY  .... and .... CUT REVENUE  ....

Pretty much what took place under Obama.

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