Deficit Donald Is A Bonehead

[Harpy Eagle]

Deficit Obama was a bonehead.

Debt is wrong no matter which party does it but at least we are getting a good economy from Trump's deficit.

All we got from Obama's deficit was increased poverty, decreased family income and dismal economic growth. Worthless asshole.

Dismal economic growth like 2% GDP growth?

 

[Rambunctious]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

Claudette didn't read the links but found them funny. This is why our democracy is in trouble, stupid people don't research anything, they listen to demagogues and charlatans like trump and vote against their best interests.

US poverty rate falls to lowest since recession. ... The data showed that 11.8 per cent of American families lived below the poverty line in 2018, down from 12.3 per cent in 2017, and lower than 2007, the year before the most recent recession.

 

[Harpy Eagle]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

Claudette didn't read the links but found them funny. This is why our democracy is in trouble, stupid people don't research anything, they listen to demagogues and charlatans like trump and vote against their best interests.

US poverty rate falls to lowest since recession. ... The data showed that 11.8 per cent of American families lived below the poverty line in 2018, down from 12.3 per cent in 2017, and lower than 2007, the year before the most recent recession.

It has been falling since 2012...nothing changed under Trump.

 

[Harpy Eagle]

Deficit Donald Is A Bonehead

Then Overspending Obama must be a complete braindead idiot, because he raised our debt more than all other presidents combined!! Where was your crying sniveling ass then.

What did Obama overspend on?

Do you have some sort of memory problem? How many times must it be said: Obama racked up more debt than all other president combined. You just quoted it for fucks sake! WTF us the matter with you.

Why do you keep parroting this lie?

 

[NightFox]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

Claudette didn't read the links but found them funny. This is why our democracy is in trouble, stupid people don't research anything, they listen to demagogues and charlatans like trump and vote against their best interests.

US poverty rate falls to lowest since recession. ... The data showed that 11.8 per cent of American families lived below the poverty line in 2018, down from 12.3 per cent in 2017, and lower than 2007, the year before the most recent recession.

It has been falling since 2012...nothing changed under Trump.

As far as poverty rates go nothing has changed since LBJ began the "war on poverty", before that rates were declining steadily, since then it's stuck in a range between 11% and 15%, so no President has done anything worthy of note to break it out of that range.

Time to declare peace on poverty so the poor have a shot at upward mobility again.

 

[kyzr]

How does any of that support negative rates to refinance debt? LOL

Who's trying to support it? I'm just correcting OP's inaccurate definition of what it is, the OP created a thread about something he/she clearly doesn't understand (NIRP).

Personally I think recommending NIRP is beyond INSANE and exactly the opposite of what the long term health of the economy needs.

Yeah, uh-huh, but what about the climbing Debt, and entitlements that are going bankrupt?
Medicare is bankrupt in 2026
Social Security can't pay promised benefits in 2034
The interest on the Debt will cause a financial crisis before 2029

So how do you fix these issues as the DC coxuckers keep driving the US over the financial cliff with tax cuts? (no action is not an option)

You don't fix those issues by risking hyperinflating the currency with even more insane monetary policy than what we pursued after the last financial crisis, won't work, just ask Venezuela.

If you want to fix those issues, make the hard choices, set priorities and do whatever you need to do to reduce spending to bring it inline with revenues. Of course that'll never happen because we're talking about the United States Government where the only thing that matters if buying votes NOW, fuck the future.

OK, I'll propose making those "hard choices" for the DC coxuckers:
Here are recommendations to cut spending and raise revenue to start paying down the $22T Debt and save entitlements

A. Hire another "Grace Commission" to audit and recommend fixes to the Federal Budget

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)
US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion


C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:
1. Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html


2. Medicare will be insolvent in 2026
https://www.forbes.com/sites/howardgleckman/2018/06/06/no-medicare-wont-go-broke-in-2026-yes-it-will-cost-a-lot-more-money/#d2edb707eb1c
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

Good ideas but I'm hoping you aren't holding your breath for the Federal Government we elected to stop spending??

If so you are pissing up a rope.

I had to google "piss up a rope" ?!
The urban dictionary calls it a reference to "an act of futility"

Anyway, I agree that both parties would sooner see Medicare and Social Security fail so that entitlements crash and burn.
Then the old folks would simply be on their own like in the old days.
Can you imagine the fallout if/when whoever is in Congress and the Senate when Medicare and SS go bankrupt? Brrrrrrrr, DC heads on pikes....

 

[Wry Catcher]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

Thanks for the links...but they are wrong...the wizards of smart have been wrong before and the wizards of smart are wrong this time too...in fact if the subject includes Trump you can count on their opinion and predictions being proven wrong in the end....come on man...CNBC???? last time they were right was.....never.....

Of course, in your mind the only true and honest voices are those of Limbaugh, Hannity and Trump. The rest is all fake because poor Donald Trump is hated by all Journalists and most college educated persons.

 

[lantern2814]

Leftist logic:

Total debt doubled on Bush's watch, from 5 to 10 trillion

Total debt doubled on Obama's watch, from 10 to 20 trillion. Just imagine, in just eight years total debt matched combined debt during our first 236 years.

Meanwhile "Trump" is paying on Obama/Bush debt, while GDP is positive. Debt won't double on Trump's watch, and it may not even match Obama. In other terms signs of improvement, but the left is short on material, so what can you do.

Trump is adding debt far faster than Obama did for his 8 years. And Trump is doing it in the midst of a booming economy.

Just imagine what happens to the debt in a downturn, he just might double it.

You do know that Trump is on pa e to have less than HALF the debt of Obozo right? Why do you continue to lie about Trump?

 

[bendog]

Who's trying to support it? I'm just correcting OP's inaccurate definition of what it is, the OP created a thread about something he/she clearly doesn't understand (NIRP).

Personally I think recommending NIRP is beyond INSANE and exactly the opposite of what the long term health of the economy needs.

Yeah, uh-huh, but what about the climbing Debt, and entitlements that are going bankrupt?
Medicare is bankrupt in 2026
Social Security can't pay promised benefits in 2034
The interest on the Debt will cause a financial crisis before 2029

So how do you fix these issues as the DC coxuckers keep driving the US over the financial cliff with tax cuts? (no action is not an option)

You don't fix those issues by risking hyperinflating the currency with even more insane monetary policy than what we pursued after the last financial crisis, won't work, just ask Venezuela.

If you want to fix those issues, make the hard choices, set priorities and do whatever you need to do to reduce spending to bring it inline with revenues. Of course that'll never happen because we're talking about the United States Government where the only thing that matters if buying votes NOW, fuck the future.

OK, I'll propose making those "hard choices" for the DC coxuckers:
Here are recommendations to cut spending and raise revenue to start paying down the $22T Debt and save entitlements

A. Hire another "Grace Commission" to audit and recommend fixes to the Federal Budget

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)
US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion


C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:
1. Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html


2. Medicare will be insolvent in 2026
https://www.forbes.com/sites/howardgleckman/2018/06/06/no-medicare-wont-go-broke-in-2026-yes-it-will-cost-a-lot-more-money/#d2edb707eb1c
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

Good ideas but I'm hoping you aren't holding your breath for the Federal Government we elected to stop spending??

If so you are pissing up a rope.

I had to google "piss up a rope" ?!
The urban dictionary calls it a reference to "an act of futility"

Anyway, I agree that both parties would sooner see Medicare and Social Security fail so that entitlements crash and burn.
Then the old folks would simply be on their own like in the old days.
Can you imagine the fallout if/when whoever is in Congress and the Senate when Medicare and SS go bankrupt? Brrrrrrrr, DC heads on pikes....

It's not totally futile if you can still piss.

 

[Wry Catcher]

Who's trying to support it? I'm just correcting OP's inaccurate definition of what it is, the OP created a thread about something he/she clearly doesn't understand (NIRP).

Personally I think recommending NIRP is beyond INSANE and exactly the opposite of what the long term health of the economy needs.

Yeah, uh-huh, but what about the climbing Debt, and entitlements that are going bankrupt?
Medicare is bankrupt in 2026
Social Security can't pay promised benefits in 2034
The interest on the Debt will cause a financial crisis before 2029

So how do you fix these issues as the DC coxuckers keep driving the US over the financial cliff with tax cuts? (no action is not an option)

You don't fix those issues by risking hyperinflating the currency with even more insane monetary policy than what we pursued after the last financial crisis, won't work, just ask Venezuela.

If you want to fix those issues, make the hard choices, set priorities and do whatever you need to do to reduce spending to bring it inline with revenues. Of course that'll never happen because we're talking about the United States Government where the only thing that matters if buying votes NOW, fuck the future.

OK, I'll propose making those "hard choices" for the DC coxuckers:
Here are recommendations to cut spending and raise revenue to start paying down the $22T Debt and save entitlements

A. Hire another "Grace Commission" to audit and recommend fixes to the Federal Budget

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)
US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion


C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:
1. Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html


2. Medicare will be insolvent in 2026
https://www.forbes.com/sites/howardgleckman/2018/06/06/no-medicare-wont-go-broke-in-2026-yes-it-will-cost-a-lot-more-money/#d2edb707eb1c
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

Good ideas but I'm hoping you aren't holding your breath for the Federal Government we elected to stop spending??

If so you are pissing up a rope.

I had to google "piss up a rope" ?!
The urban dictionary calls it a reference to "an act of futility"

Anyway, I agree that both parties would sooner see Medicare and Social Security fail so that entitlements crash and burn.
Then the old folks would simply be on their own like in the old days.
Can you imagine the fallout if/when whoever is in Congress and the Senate when Medicare and SS go bankrupt? Brrrrrrrr, DC heads on pikes....

Someone like you might want to edify yourself, and I have a very good source for you to consider. Go back to the Census' of 1900 and 1910. You will see lists at the same address of mostly women and Children, and older men too who live in poor houses.

There is a reason for SS and Medicare, and the ACA. They could be funded but for the no taxes no way policy of the Conservative Republicans, aka, callous conservatives like you.

The Great Irony of this, is the Republican Party with close ties to conservative Christians ignores policies which Jesus advocated for the aged, ill and poor.

 

[Third Party]

Deficit Donald's losing trade war has kept the Dow flat for almost two years, has been bankrupting our nation's farmers, and is now risking an imminent recession.

Deficit Donald has been outspending Obama's worst year of spending by a trillion dollars a year. He has added 13 percent to our national debt since taking office. He does this to artificially juice the GDP numbers, but this profligate spending is no longer working for him.

Deficit Donald is the only guy in the world who managed to lose money on steaks, vodka, and gambling, and now he thinks we can refinance our national debt the way you would refinance your mortgage. It just doesn't get any more stupid than that.

Deficit Donald thinks the Fed should enable his massive big government spending by lowering the interest rate into NEGATIVE territory so he can keep borrowing and spending, spending and borrowing.

What dumbass Deficit Donald doesn't understand is that if interest rates go to zero or less, then no one will want to buy his massive debt.

What a fucking idiot.

True.

And Trump's moronic sycophants are just as dishonest and idiotic .

Hard to believe he is president and you are not

 

[Third Party]

Deficit Donald's losing trade war has kept the Dow flat for almost two years, has been bankrupting our nation's farmers, and is now risking an imminent recession.

Deficit Donald has been outspending Obama's worst year of spending by a trillion dollars a year. He has added 13 percent to our national debt since taking office. He does this to artificially juice the GDP numbers, but this profligate spending is no longer working for him.

Deficit Donald is the only guy in the world who managed to lose money on steaks, vodka, and gambling, and now he thinks we can refinance our national debt the way you would refinance your mortgage. It just doesn't get any more stupid than that.

Deficit Donald thinks the Fed should enable his massive big government spending by lowering the interest rate into NEGATIVE territory so he can keep borrowing and spending, spending and borrowing.

What dumbass Deficit Donald doesn't understand is that if interest rates go to zero or less, then no one will want to buy his massive debt.

What a fucking idiot.

I saw numbers yesterday showing the Dow up 46% since January 2017

The Dow has been growing MUCH slower under Deficit Donald than it did under Obama.

And it has been flat ever since Trump started his disastrous trade war.

Nice try.

Hey, I'm not CNN, I don't make up the news, I just report it.

 

[kyzr]

Leftist logic:

Total debt doubled on Bush's watch, from 5 to 10 trillion

Total debt doubled on Obama's watch, from 10 to 20 trillion. Just imagine, in just eight years total debt matched combined debt during our first 236 years.

Meanwhile "Trump" is paying on Obama/Bush debt, while GDP is positive. Debt won't double on Trump's watch, and it may not even match Obama. In other terms signs of improvement, but the left is short on material, so what can you do.

Trump is adding debt far faster than Obama did for his 8 years. And Trump is doing it in the midst of a booming economy.

Just imagine what happens to the debt in a downturn, he just might double it.

You do know that Trump is on pa e to have less than HALF the debt of Obozo right? Why do you continue to lie about Trump?

Not to jump into this discussion, but Trump only had two GOP congress budgets, his first two.
The 2020 Budget was by Nancy and the democrats. So any deficit is on them.
We'll see who has the House after 2020, but you guys can't blame Trump for all of the deficit since Congress makes the Budget and has the official "power of the purse".

Obama had about half of his budgets by both parties. That's when they came up with "sequestration" and "offsets" and the like. Back when congress seemed more responsible. The current Trump strategy of "growing the economy" to cover the deficit won't work. It was a bad gamble that failed. Now Trump is grasping at another straw, "negative rates"?! The top tax rate needs the tax cut repealed, the sooner the better.

 

[Wry Catcher]

Leftist logic:

Total debt doubled on Bush's watch, from 5 to 10 trillion

Total debt doubled on Obama's watch, from 10 to 20 trillion. Just imagine, in just eight years total debt matched combined debt during our first 236 years.

Meanwhile "Trump" is paying on Obama/Bush debt, while GDP is positive. Debt won't double on Trump's watch, and it may not even match Obama. In other terms signs of improvement, but the left is short on material, so what can you do.

Trump is adding debt far faster than Obama did for his 8 years. And Trump is doing it in the midst of a booming economy.

Just imagine what happens to the debt in a downturn, he just might double it.

You do know that Trump is on pa e to have less than HALF the debt of Obozo right? Why do you continue to lie about Trump?

Not to jump into this discussion, but Trump only had two GOP congress budgets, his first two.
The 2020 Budget was by Nancy and the democrats. So any deficit is on them.
We'll see who has the House after 2020, but you guys can't blame Trump for all of the deficit since Congress makes the Budget and has the official "power of the purse".

Obama had about half of his budgets by both parties. That's when they came up with "sequestration" and "offsets" and the like. Back when congress seemed more responsible. The current Trump strategy of "growing the economy" to cover the deficit won't work. It was a bad gamble that failed. Now Trump is grasping at another straw, "negative rates"?! The top tax rate needs the tax cut repealed, the sooner the better.

Your comments on the budget are quite simplistic, and to go back to Obama has nothing to do with the future.

See: Appropriations Watch: FY 2020

 

[SmokeALib]

Deficit Donald's losing trade war has kept the Dow flat for almost two years, has been bankrupting our nation's farmers, and is now risking an imminent recession.

Deficit Donald has been outspending Obama's worst year of spending by a trillion dollars a year. He has added 13 percent to our national debt since taking office. He does this to artificially juice the GDP numbers, but this profligate spending is no longer working for him.

Deficit Donald is the only guy in the world who managed to lose money on steaks, vodka, and gambling, and now he thinks we can refinance our national debt the way you would refinance your mortgage. It just doesn't get any more stupid than that.

Deficit Donald thinks the Fed should enable his massive big government spending by lowering the interest rate into NEGATIVE territory so he can keep borrowing and spending, spending and borrowing.

What dumbass Deficit Donald doesn't understand is that if interest rates go to zero or less, then no one will want to buy his massive debt.

What a fucking idiot.

Waaaahhhhh!!!!!
6 more years of cryin' for you!
You worthless leftist traitors crack me up!

 

[LordBrownTrout]

You thought adding to the debt was terrible when it was Obama. All of a sudden Orange man good.

The market is kicking ass the economy is humming for regular folks all while Trump is taking in billions into our treasury from his trade war with the dishonest ruthless China....so stop your whiny predictions of doom...you sound like an idiot that can't see we are great again....

LOL, How cute a post is this ^^^. Chaos reigns on Wall Street, and on Main Street, as trump tweets and lies and lies. No one knows what tomorrow will bring when the tweeter has an urge. Who will he fire, who will he praise, and who will be tossed under the bus when the chosen one's fat ass is not kissed?

No one ever knew what tomorrow may bring. We do know that unemployment is at all time lows and the stock market has reached an all time high. The best the left can hope for is a massive failure at this point or to at least fantasize about it.

Nice echo, it's your forte.

How many of those jobs are FT with benefits and pay higher than minimum wage?

Of course you can't even think about that. You believe what you've been told to believe (ignorance is bliss).

The best that the left can do is to continue to support collective bargaining, improving the ACA, and putting professionals in leadership roles; not the cronies led by a narcissistic megalomaniac ("I'm the chosen one").

The left had their chance with O and failed horribly. Horrid foreign and domestic policy run by an egotistical narcissist. An outhouse smells better than the stench that occupied the WH from 2008-2016. It will take awhile to remove that nasty stain on this country.

 

[Wry Catcher]

You thought adding to the debt was terrible when it was Obama. All of a sudden Orange man good.

The market is kicking ass the economy is humming for regular folks all while Trump is taking in billions into our treasury from his trade war with the dishonest ruthless China....so stop your whiny predictions of doom...you sound like an idiot that can't see we are great again....

LOL, How cute a post is this ^^^. Chaos reigns on Wall Street, and on Main Street, as trump tweets and lies and lies. No one knows what tomorrow will bring when the tweeter has an urge. Who will he fire, who will he praise, and who will be tossed under the bus when the chosen one's fat ass is not kissed?

No one ever knew what tomorrow may bring. We do know that unemployment is at all time lows and the stock market has reached an all time high. The best the left can hope for is a massive failure at this point or to at least fantasize about it.

Nice echo, it's your forte.

How many of those jobs are FT with benefits and pay higher than minimum wage?

Of course you can't even think about that. You believe what you've been told to believe (ignorance is bliss).

The best that the left can do is to continue to support collective bargaining, improving the ACA, and putting professionals in leadership roles; not the cronies led by a narcissistic megalomaniac ("I'm the chosen one").

The left had their chance with O and failed horribly. Horrid foreign and domestic policy run by an egotistical narcissist. An outhouse smells better than the stench that occupied the WH from 2008-2016. It will take awhile to remove that nasty stain on this country.

How many suns and moons are there in your reality?

 

[kyzr]

Yeah, uh-huh, but what about the climbing Debt, and entitlements that are going bankrupt?
Medicare is bankrupt in 2026
Social Security can't pay promised benefits in 2034
The interest on the Debt will cause a financial crisis before 2029

So how do you fix these issues as the DC coxuckers keep driving the US over the financial cliff with tax cuts? (no action is not an option)

You don't fix those issues by risking hyperinflating the currency with even more insane monetary policy than what we pursued after the last financial crisis, won't work, just ask Venezuela.

If you want to fix those issues, make the hard choices, set priorities and do whatever you need to do to reduce spending to bring it inline with revenues. Of course that'll never happen because we're talking about the United States Government where the only thing that matters if buying votes NOW, fuck the future.

OK, I'll propose making those "hard choices" for the DC coxuckers:
Here are recommendations to cut spending and raise revenue to start paying down the $22T Debt and save entitlements

A. Hire another "Grace Commission" to audit and recommend fixes to the Federal Budget

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)
US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion


C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:
1. Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html


2. Medicare will be insolvent in 2026
https://www.forbes.com/sites/howardgleckman/2018/06/06/no-medicare-wont-go-broke-in-2026-yes-it-will-cost-a-lot-more-money/#d2edb707eb1c
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

Good ideas but I'm hoping you aren't holding your breath for the Federal Government we elected to stop spending??

If so you are pissing up a rope.

I had to google "piss up a rope" ?!
The urban dictionary calls it a reference to "an act of futility"

Anyway, I agree that both parties would sooner see Medicare and Social Security fail so that entitlements crash and burn.
Then the old folks would simply be on their own like in the old days.
Can you imagine the fallout if/when whoever is in Congress and the Senate when Medicare and SS go bankrupt? Brrrrrrrr, DC heads on pikes....

Someone like you might want to edify yourself, and I have a very good source for you to consider. Go back to the Census' of 1900 and 1910. You will see lists at the same address of mostly women and Children, and older men too who live in poor houses.

There is a reason for SS and Medicare, and the ACA. They could be funded but for the no taxes no way policy of the Conservative Republicans, aka, callous conservatives like you.

The Great Irony of this, is the Republican Party with close ties to conservative Christians ignores policies which Jesus advocated for the aged, ill and poor.

We disagree on who is at fault. There are reasons that the Debt is $22T and growing. Too much spending and not enough revenue.
If corporate taxes are raised too much, companies leave the US for low tax countries. We need jobs to enable income tax revenue.
The alternative, since 70% of the US economy is merchandising, is a VAT, or Federal sales tax. I support a 3% Federal sales tax, if you look at my proposed fixes to the Budget, the Debt, and Entitlements, outlined in post #112 on thread page-12.

Here is my question to you, since you brought Jesus into the discussion. Why didn't the Catholic Speaker of the House, Nancy Pelosi try to stabilize the country's finances when the democrats prepared the 2020 Budget? The House controls the Budget, at least somewhat, subject to the approval process. But Nancy and the democrats did NOTHING to strengthen Medicare and Social Security, why not? Both parties are to blame if/when Medicare and SS crash.

Here is the 2019 Federal Budget
Mandatory spending $2.74T
Social Security $878b (these people earned these)
Medicare $625b
Medicaid $412b (these people did not earn these)
Welfare $462b
Interest on the Debt $363bn (Trump is trying to reduce this)

Discretionary $1.3T
Defense $893.0b
HHS $70.0b
Education $59.9b
VA $83.1b
Homeland $52.7b
Energy Dept $29.2b
NNSA $15.1b
HUD $29.2b
State Dept $40.3b
NASA $19.0b
Foreign Aid $55.0b
All Other Agencies $78.1

 

[Rambunctious]

Of course, in your mind the only true and honest voices are those of Limbaugh, Hannity and Trump.

That's the way things seem to be panning out....the media are full of pampered liars....

 

[WTH_Progs?]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

Thanks for the links...but they are wrong...the wizards of smart have been wrong before and the wizards of smart are wrong this time too...in fact if the subject includes Trump you can count on their opinion and predictions being proven wrong in the end....come on man...CNBC???? last time they were right was.....never.....

Of course, in your mind the only true and honest voices are those of Limbaugh, Hannity and Trump. The rest is all fake because poor Donald Trump is hated by all Journalists and most college educated persons.

ILMAO at you and the parrot who agrees with you. Here's a "journalistic" piece written by a fellow snowflake: Blame Trump’s Victory on College-Educated Whites, Not the Working Class