Tax cuts do not cost anything. Nor do they need to be "paid for"

[postman]

That is the most ridiculous analogy I've read in ages

Would you rather compare it to Bush and Obama in the 100 yard dash, where Bush started out on the 50 yard line, while Obama started in the parking lot. And Obama still beat Bush.

 

[bripat9643]

Debt does not matter

Look at it this way
Reagan paid 12 percent interest when he tripled our debt
Obama paid about 1 percent interest

A great time to borrow money

The problem is the tipping point of our credit rating, and T-bill interest rates. The current 10 year rate is 2.3% the 20 year rate is 2.6% and 30 year rate at 3.0%. In Ronald Reagans time the 10 year rate was from 15%. to a low of 7%. Racking up debt at those rates cost us far more then the current debt.

10 Year Treasury Rate - 54 Year Historical Chart

We'd still be paying 15% if it wasn't for Reagan, you twit.

 

[postman]

Obama cut Bush's deficits by 2/3rds.

And he did so by running up our debt and the Fed's by only $14 Trillion.

He's a miracle worker

The CBO estimated if Obama did absolutely nothing, that the debt at the end of his term would have been around $24 trillion.

 

[postman]

We'd still be paying 15% if it wasn't for Reagan, you twit.

But we'd be paying 15% on a debt of less than $1 trillion, if it wasn't for Reagan.

 

[bripat9643]

Obama cut Bush's deficits by 2/3rds.

And he did so by running up our debt and the Fed's by only $14 Trillion.

He's a miracle worker

The CBO estimated if Obama did absolutely nothing, that the debt at the end of his term would have been around $24 trillion.

CBO estimates aren't worth the stuff I scrape off the bottom of my shoe. They have proved that over and over again.

 

[bripat9643]

We'd still be paying 15% if it wasn't for Reagan, you twit.

But we'd be paying 15% on a debt of less than $1 trillion, if it wasn't for Reagan.

Our standard of living would be less than half of what it is, moron.

 

[postman]

Worst cast without Ronald Reagan. Paying 15% on $1 trillion. ($150 billion / year interest) Best case with Ronald Reagan and Bush. Paying 3% on $6 trillion. ($180 billion / year interest)

 

[bripat9643]

Worst cast without Ronald Reagan. Paying 15% on $1 trillion. ($150 billion / year interest) Best case with Ronald Reagan and Bush. Paying 3% on $6 trillion. ($180 billion / year interest)

Your prediction is total bullshit.

 

[CrusaderFrank]

Obama cut Bush's deficits by 2/3rds.

And he did so by running up our debt and the Fed's by only $14 Trillion.

He's a miracle worker

The CBO estimated if Obama did absolutely nothing, that the debt at the end of his term would have been around $24 trillion.

LOL! and you believed that? Leave your wallet home when you go out in public

 

[postman]

CBO estimates aren't worth the stuff I scrape off the bottom of my shoe. They have proved that over and over again.

The republicans had been, and are in charge of the CBO. Good point.

 

[postman]

Worst cast without Ronald Reagan. Paying 15% on $1 trillion. ($150 billion / year interest) Best case with Ronald Reagan and Bush. Paying 3% on $6 trillion. ($180 billion / year interest)

Your prediction is total bullshit.

It's not a prediction, it's a conclusion. Ronald Reagan tripled the national debt, and Bush doubled the national debt. So at the very least the debt because of republicans would have gone from $1 trillion to $6 trillion.

 

[postman]

LOL! and you believed that? Leave your wallet home when you go out in public

Why would I treat my wallet the way you treat your common sense?

 

[CrusaderFrank]

Worst cast without Ronald Reagan. Paying 15% on $1 trillion. ($150 billion / year interest) Best case with Ronald Reagan and Bush. Paying 3% on $6 trillion. ($180 billion / year interest)

In addition to his own $10 Trillion in unpatriotic debt, Obama had the Fed rack up $4 Trillion to support his food stamp and unemployment check economy

 

[CrusaderFrank]

LOL! and you believed that? Leave your wallet home when you go out in public

Why would I treat my wallet the way you treat your common sense?

You believe anything people tell you, that's why you should leave home without it

 

[bripat9643]

CBO estimates aren't worth the stuff I scrape off the bottom of my shoe. They have proved that over and over again.

The republicans had been, and are in charge of the CBO. Good point.

You don't know how our government works if you believe Republicans are in charge of it.

 

[postman]

You believe anything people tell you, that's why you should leave home without it

Good point. Trump told you he would repeal obamacare, ban muslims, stop payments to sanctuary cities and withdraw from NAFTA.

 

[postman]

You don't know how our government works if you believe Republicans are in charge of it.

Then what CLOWN is in charge? Or should I say orange clown?

 

[Indeependent]

You believe anything people tell you, that's why you should leave home without it

Good point. Trump told you he would repeal obamacare, ban muslims, stop payments to sanctuary cities and withdraw from NAFTA.

And who's stopping him?
Liberal & Neo-Conservative politicians.

 

[Skull Pilot]

obama doubled the debt

Liar!

National debt nearly doubles under Obama

the WashingtonSlimes is hardly a credible source, which they prove by not telling the truth about what the GOP National Debt was at the end of Bush's last fiscal year, $12 trillion. Bush actually DID double the GOP National Debt from $6 trillion to $12 trillion.

yeah keep rationalizing

and FYI I'm no defender of Bush or Reagan I just tell the truth you should try it one day

the debt at the beginning of Obammy's tenure was 10 trillion and change at the end it was 19 trillion and change

so for all intents and purposes double

The GOP national Debt at the end of Bush's last fiscal year was $11,909,829,003,511.75 and we have not yet reached the end of Obama's last fiscal year but it will not be anywhere near $24 trillion for the WashingtonSlimes' fake news "nearly doubles" lie to not be a lie.

But Bush did in fact double the GOP National debt from $5,807,463,412,200.06 to $11,909,829,003,511.75

See for yourself:

Government - Historical Debt Outstanding - Annual 2000 - 2015
09/30/2009 $11,909,829,003,511.75

distinctions without differences

you don't care about anything if a democrat did it

the debt when Obammy came into office 10T and change the debt when Obammy left office almost 20T

 

[Skull Pilot]

National debt nearly doubles under Obama

the WashingtonSlimes is hardly a credible source, which they prove by not telling the truth about what the GOP National Debt was at the end of Bush's last fiscal year, $12 trillion. Bush actually DID double the GOP National Debt from $6 trillion to $12 trillion.

yeah keep rationalizing

and FYI I'm no defender of Bush or Reagan I just tell the truth you should try it one day

the debt at the beginning of Obammy's tenure was 10 trillion and change at the end it was 19 trillion and change

so for all intents and purposes double

Who cares?

Americans do not care about debt. We want full services and low taxes.....politicians give us what we want

do you run your finances the same way because if you don't then it's not what you want

Debt does not matter

Look at it this way
Reagan paid 12 percent interest when he tripled our debt
Obama paid about 1 percent interest

A great time to borrow money

debt mattered in Greece