Blues Man
Diamond Member
- Aug 28, 2016
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It’s common in economics. We are so bad mentioning where we should be seems pointless. You don’t understand economics.It wasn’t discussed. Seems unnecessary since we are so deeply in debt. But you keep babbling stupidly...![]()
Blame for the National Debt - Just Facts
Who or what is to blame for the national debt? The truth is more compelling than political rhetoric.www.justfactsdaily.com
You are just babbling stupidly and don’t understand economics.Now that we are closing out another failed republican president it seems like a good time to bring up debt since repubs will no doubt put there fiscally responsible hats back on for us to laugh at. It's clear big debt started with Reagan, the guy tripled the debt. We almost had it under control under Clinton, then Bush messed that up completely. Then Obama inherited the Bush mess and spent a lot, but deficits generally came down after the mess was fixed. Now Trump inherited a strong economy and still increased debt every single year. Last year pre pandemic he managed a trillion dollar deficit during a strong economy, this year he will set a new record by a lot.
Over and over and over republicans support the same policy of cut taxes, increase military spending, and drastically increase debt. And that is what has happened every time they have done it. Reagan did it, Bush did it, and now Trump did it. And repubs stupidly believe the square peg is going to fit the round hole this time.... or are they all that stupid? Many certainly are, but others clearly love the freebies. Heck better than a freebie, trumpers got their military spending and a tax cut! Government is great!
So for the last 40 years we have gotten more and more government and thanks to repubs it costs tax payers less and less. That is a formula for increasing government if I have ever seen one. So laugh whenever a repub claims to be for fiscal responsibility, their policy has clearly lead the way for more and more debt.
show me in this , your very first post where you said anything ab out the ratio of the debt to GDP.
so you can't show me where in your opening "arguments" that you said debt only matters if it reaches a certain level then?
you mean you didn't mention that it was one of the most important parts of your argument don't you?
I would have thought that since debt to GDP ratio was your standard of whether debt is "good " or "bad" you would have at least mentioned it.
but you didn't until you got caught with your pants down and your arguments that only republicans cut taxes and increase the debt failed
keep bobbing and weaving you still lost this fight
Guess which party is responsible for more of the biggest debt increases in history.
Democrats.
so stop with the partisan bullshit and start speaking the truth.
We are where we are because both parties contributed to the mess and we will not get out of this mess any time soon. The debt doesn't really matter that much because a third of it is one government branch owing money to another government branch and most of the rest is owned by American banks, insurance companies and individual investors and the interest paid on the bonds those banks, insurance companies and investors own acts as a stabilizing agent in the market place.
maybe you should study up on a little economics before you tell me to huh?