Biden on forgiving student loan debt

[Fort Fun Indiana]

I want the federal government to pay off my mortgage. How about that?!

Go for it! Who is stopping you from writing your Congressperson? Nobody. Get to it.

 

[DBA]

Go ahead and blame whoever you want but reality is Congress, with the exception of Newt, has consistently failed to hold the line on the budget and went crazy with new spending.

Nah, that's the LAST place i will look. Our spending as %of GDP is right in the middle, for developed nations. Our tax revenue as %of GDP is stupidly low. I.E., the Republican way. It doesn't take a genius....

Our spending is too high. I don’t care much about how much quasi-Socialist governments spend. The people don’t have the same opportunities afforded to us in the US. You also don’t mention waste. In case you haven’t noticed, our government is woefully inefficient. We could cut 1/3 of our spending and couple it with more efficiency and still be in the black as compared to where we are now. Raising taxes is NOT the answer.

waste is an interesting notion when talking about government spending. Can you give a specific example? More specifically what spending would you consider wasteful and who was receiving the payments.

Entire books could be written on the subject, but below is just a small list totaling 230 million in 2019.

As far as receiving payments for pet projects and the like, congressman don’t become multi-millionaires from their reported incomes. You do the math.

Here Are The Most Wasteful Government Projects In 2019

its waste if the person calling it waste doesn't like it. Ironically, the two largest items on the first page were books for afghan kids and DC (federal) city transportation. LOL Perhaps you should find a better source than Randian Paul

Are you trying to argue that government is extremely efficient and doesn’t waste money? We can go around in circles on what projects are worthwhile or not, but I don’t know a soul that believes our government is economically efficient, which is the entire point.

 

[DBA]

Yes, and the increases in government jobs and spending were responsible. Also good to know.

Maybe we could all get jobs for the government and the US could finance the building of a nationwide subway system to span from Washington state to the Florida Keys. While we are at it, lets give citizens of underdeveloped countries a job and citizenship here doing the work, after all we are globalists too. Boy I bet the US the economy would boom, or would it? I don’t doubt this is the mindset of many on the left, but they fail to see where this leads.

Government spending to create jobs is not cost effective. The government spends more per job than each job is worth. Also, more government workers simply means less private sector workers. Your ”economics” are inversely proportional to long term economic success. It is akin to the formulas much less economically successful and repressive governments have used for decades and failed relative to the US. The US is unique and successful because it doesn’t follow the government worshipping crowd like much of the world. It allows for much less restricted private sector growth and rewards success. We are now second only to China in GDP per capita. The only reason we are second to China, is because we are their cash cow consumers. Those in the US generally have much more disposable income to spend on cheap Chinese stuff.

If the Democrats get their way economically and socially, the only people in the US that will be better off will be the desperately poor, non-working folks and the super-elites. The middle-lower class all the way up to the top 99% of wage earners will take several steps back.

 

[Slade3200]

Go ahead and blame whoever you want but reality is Congress, with the exception of Newt, has consistently failed to hold the line on the budget and went crazy with new spending.

Nah, that's the LAST place i will look. Our spending as %of GDP is right in the middle, for developed nations. Our tax revenue as %of GDP is stupidly low. I.E., the Republican way. It doesn't take a genius....

Our spending is too high. I don’t care much about how much quasi-Socialist governments spend. The people don’t have the same opportunities afforded to us in the US. You also don’t mention waste. In case you haven’t noticed, our government is woefully inefficient. We could cut 1/3 of our spending and couple it with more efficiency and still be in the black as compared to where we are now. Raising taxes is NOT the answer.

waste is an interesting notion when talking about government spending. Can you give a specific example? More specifically what spending would you consider wasteful and who was receiving the payments.

Entire books could be written on the subject, but below is just a small list totaling 230 million in 2019.

As far as receiving payments for pet projects and the like, congressman don’t become multi-millionaires from their reported incomes. You do the math.

Here Are The Most Wasteful Government Projects In 2019

its waste if the person calling it waste doesn't like it. Ironically, the two largest items on the first page were books for afghan kids and DC (federal) city transportation. LOL Perhaps you should find a better source than Randian Paul

Are you trying to argue that government is extremely efficient and doesn’t waste money? We can go around in circles on what projects are worthwhile or not, but I don’t know a soul that believes our government is economically efficient, which is the entire point.

Government is not efficient, I think most people prefer the services of private business to that of government any day. The concept of "waste" is interesting granted that we control our own sovereign currency. Unless we fully understand the effects of the debt then it is hard to say whether any spending is a waste. Putting money out in our economy to circulate, fuel industry, pay workers, and increase the economic balloon that our country operates under is a positive thing. Of course I would never defend corrupt spending where politicians and their lackies line their pockets but putting that decide I think we could have an interesting discussion about it.

So by your understanding what actual tangible negative effects have you seen in your lifetime as a direct result of the national debt?

 

[Rye Catcher]

And who does everyone thing will be picking up the tab??

Why we tax payers of course.

If you want to go to college, get a job or a loan and go. Just don't expect the tax payers to pay your college bill for you.

What tab? The interest on the loans have nothing to do with the tax payers. Why do you post so often on so many issues which you do not comprehend? Oh year, Hannity said so.

 

[Rye Catcher]

Yes, and the increases in government jobs and spending were responsible. Also good to know.

Maybe we could all get jobs for the government and the US could finance the building of a nationwide subway system to span from Washington state to the Florida Keys. While we are at it, lets give citizens of underdeveloped countries a job and citizenship here doing the work, after all we are globalists too. Boy I bet the US the economy would boom, or would it? I don’t doubt this is the mindset of many on the left, but they fail to see where this leads.

Government spending to create jobs is not cost effective. The government spends more per job than each job is worth. Also, more government workers simply means less private sector workers. Your ”economics” are inversely proportional to long term economic success. It is akin to the formulas much less economically successful and repressive governments have used for decades and failed relative to the US. The US is unique and successful because it doesn’t follow the government worshipping crowd like much of the world. It allows for much less restricted private sector growth and rewards success. We are now second only to China in GDP per capita. The only reason we are second to China, is because we are their cash cow consumers. Those in the US generally have much more disposable income to spend on cheap Chinese stuff.

If the Democrats get their way economically and socially, the only people in the US that will be better off will be the desperately poor, non-working folks and the super-elites. The middle-lower class all the way up to the top 99% of wage earners will take several steps back.

Paragraph #1: Ludicrous.

Parapraph #2: Also ludicrous.

Paragraph #3: Ludicrous too.

Now, that I'm done laughing at your comments, lets take a look see at what is a cost deficit and what is a cost benefit.

In #1, building public transportation is done by private construction companies who hire private sector employees; many times they overrun the completion date creating a higher cost to the taxpayers. The conservative approach is to hire the low bid, the pragmatic approach is to take into consideration the track record of each business who submit a bid.

In #2: All public transpiration as well as other contracts with government require - with penalties if violated - that all employees to be legally able to work on the project.

#3: I stand by my first response, this is ludicrous!

 

[Fort Fun Indiana]

Government spending to create jobs is not cost effective

A measure of it can be. As with anything, degrees matter. Reagan used the concept to great effect during his presidency, specifically, government employment. And government spending to help mitigate recession is sound policy. This country is restrained by emotional nonsense from following through on the other half of that policy, which is to recoup some or all pf that money when they economy recovers.

With our ridiculous tax policies and low wages, we are using up our tools to keep the economy stable. Eventually we will run into a recession with no fiscal or monetary tools available to us to mitigate it.