Trump Needs To Borrow Almost $300 Billion This Week

[toobfreak]

As long as we maintain an electoral system that enables this kind of behavior, we're going to see this kind of behavior.

That's about the stupidest thing I've ever read. I gotta ask: How does our electoral system do that? Let me get a head start on already laughing.

 

[g5000]

Something does tell me the tide has at least slowed.

"Something tells me". That's Tard for "I want to bleev it, so it must be true!"


You are wrong. Trump has ACCELERATED spending!

You know why you don't know this? Because the propagandists you parrot have not told you.

Maybe you should put down the piss cup and start paying attention.

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Why do you believe that? Why do you believe that SS and Medicare are the culprits?

It is weird.

Because Soc Sec is running a deficit since 2010 now and EVERY DOLLAR it has to cover comes from NEW DEBT issued by the treasury yearly. There's nothing of value to cover the shortfall in the phony Trust Fund but promises to pay.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.


The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

Same deal for the Medicare baby boomer crisis, but without the drama of the phony Trust Fund bookkeeping. These INCREASING expenses are sadistically called "off book debt" and come due right about NOW..

Together they are CURRENTLY less than 20% of the deficit.. BUt --- when you add on the DEBT (bond) REPAYMENTS -- you're up to about 40% of deficit that is the FAULT OF EVERYONE. Because it could have fixed over the past 30 years, but the 2 inept, corrupt parties PUNTED the ball to you and me.

Blaming this on the "party in power" is juvenile horse shit..

Trump's Ponzi tax cut is why he is having to borrow. You can bluster all you like, but that's a fact.

Trump and the GOP Congress are a YUGE spenders.

White House budget proposes increase to defense spending and cuts to safety net, but federal deficit would remain

The White House released a tax and spending plan Monday that would not eliminate the federal budget deficit after 10 years, its first public acknowledgment that large spending increases and the $1.5 trillion tax cut are putting severe pressure on the government’s debt.

 

[g5000]

Trump is on track to smash Obama's spending record.

Obama decreased deficits, Trump is increasing them.

Just a matter of time.

 

[LoneLaugher]

Something does tell me the tide has at least slowed.

"Something tells me". That's Tard for "I want to bleev it, so it must be true!"


You are wrong. Trump has ACCELERATED spending!

You know why you don't know this? Because the propagandists you parrot have not told you.

Maybe you should put down the piss cup and start paying attention.

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Why do you believe that? Why do you believe that SS and Medicare are the culprits?

It is weird.

Because Soc Sec is running a deficit since 2010 now and EVERY DOLLAR it has to cover comes from NEW DEBT issued by the treasury yearly. There's nothing of value to cover the shortfall in the phony Trust Fund but promises to pay.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.


The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

Same deal for the Medicare baby boomer crisis, but without the drama of the phony Trust Fund bookkeeping. These INCREASING expenses are sadistically called "off book debt" and come due right about NOW..

Together they are CURRENTLY less than 20% of the deficit.. BUt --- when you add on the DEBT (bond) REPAYMENTS -- you're up to about 40% of deficit that is the FAULT OF EVERYONE. Because it could have fixed over the past 30 years, but the 2 inept, corrupt parties PUNTED the ball to you and me.

Blaming this on the "party in power" is juvenile horse shit..

Eliminate the cap.

Keep the benefits reasonable.

Problem solved and nobody suffers.

Suffer=live golden years in pain or unable to buy a fucking toy for your grandchildren without giving up a fucking necessarily.

Get it?

 

[g5000]

As long as we maintain an electoral system that enables this kind of behavior, we're going to see this kind of behavior.

That's about the stupidest thing I've ever read. I gotta ask: How does our electoral system do that? Let me get a head start on already laughing.

Our politicians do exactly what we demand of them. If you want a culprit to punch in the face for our debt, look in the mirror.

 

[flacaltenn]

Something does tell me the tide has at least slowed.

"Something tells me". That's Tard for "I want to bleev it, so it must be true!"


You are wrong. Trump has ACCELERATED spending!

You know why you don't know this? Because the propagandists you parrot have not told you.

Maybe you should put down the piss cup and start paying attention.

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Nope. Trump has increased spending. The accelerated deficits are not because of Social Security. What a joke!

This borrowing this week is to pay for his Ponzi tax cut.

How can the Baby Boomer crisis that we were warned about and the INTEREST bomb on govt T-bills NOT be "accelerating""???? They are already nearly 40% of the yearly deficits and CLIMBING. There's a very large chunk of your "acceleration"..

Know why you don't know this? Because NOT ONE Dem or Repub leader wants to call it to the public's attention. Because BOTH PARTIES are more than happy NOT to bring this up. Because they are GUILTY of corruption, theft and felony MISMANAGEMENT. That;s why..

 

[g5000]

Something does tell me the tide has at least slowed.

"Something tells me". That's Tard for "I want to bleev it, so it must be true!"


You are wrong. Trump has ACCELERATED spending!

You know why you don't know this? Because the propagandists you parrot have not told you.

Maybe you should put down the piss cup and start paying attention.

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Why do you believe that? Why do you believe that SS and Medicare are the culprits?

It is weird.

Because Soc Sec is running a deficit since 2010 now and EVERY DOLLAR it has to cover comes from NEW DEBT issued by the treasury yearly. There's nothing of value to cover the shortfall in the phony Trust Fund but promises to pay.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.


The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

Same deal for the Medicare baby boomer crisis, but without the drama of the phony Trust Fund bookkeeping. These INCREASING expenses are sadistically called "off book debt" and come due right about NOW..

Together they are CURRENTLY less than 20% of the deficit.. BUt --- when you add on the DEBT (bond) REPAYMENTS -- you're up to about 40% of deficit that is the FAULT OF EVERYONE. Because it could have fixed over the past 30 years, but the 2 inept, corrupt parties PUNTED the ball to you and me.

Blaming this on the "party in power" is juvenile horse shit..

Eliminate the cap.

Keep the benefits reasonable.

Problem solved and nobody suffers.

Suffer=live golden years in pain or unable to buy a fucking toy for your grandchildren without giving up a fucking necessarily.

Get it?

The Social Security problem can be easily solved. We just don't demand our politicians solve it.

All we have to do is raise the Social Security and Medicare eligibility ages to 70, then index the eligibility age to 9 percent of the population going forward.

Problem solved.

But America's motto these days is, "Gimme gimme gimme, and make that guy over there pay for it."

So everyone needs to look in the mirror for the asshole fucking things up.

 

[Mac1958]

As long as we maintain an electoral system that enables this kind of behavior, we're going to see this kind of behavior.

That's about the stupidest thing I've ever read. I gotta ask: How does our electoral system do that? Let me get a head start on already laughing.

Our politicians do exactly what we demand of them. If you want a culprit to punch in the face for our debt, look in the mirror.

Somehow that notion got right by him.
.

 

[g5000]

Something does tell me the tide has at least slowed.

"Something tells me". That's Tard for "I want to bleev it, so it must be true!"


You are wrong. Trump has ACCELERATED spending!

You know why you don't know this? Because the propagandists you parrot have not told you.

Maybe you should put down the piss cup and start paying attention.

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Nope. Trump has increased spending. The accelerated deficits are not because of Social Security. What a joke!

This borrowing this week is to pay for his Ponzi tax cut.

How can the Baby Boomer crisis that we were warned about and the INTEREST bomb on govt T-bills NOT be "accelerating""???? They are already nearly 40% of the yearly deficits and CLIMBING. There's a very large chunk of your "acceleration"..

Know why you don't know this? Because NOT ONE Dem or Repub leader wants to call it to the public's attention. Because BOTH PARTIES are more than happy NOT to bring this up. Because they are GUILTY of corruption, theft and felony MISMANAGEMENT. That;s why..

Show me where Trump's spending increases are going to just Social Security and interest on bonds.

It's amazing how willfully blind you are being to the fact a great chunk of the deficit is due to his $1.5 trillion Ponzi tax cut.

 

[g5000]

Defense spending increases.

$1.5 trillion tax cut.

THAT is where the accelerated deficits are coming from.

And this week, Trump shattered an Obama spending record. Because he hates being number two.

 

[g5000]

The GOP Congress actually started increasing our deficits before Trump even took office.

It's what they do.

Democrats: Tax and spend
Republicans: Borrow and spend

Fool me once...

 

[Harpy Eagle]

As long as we maintain an electoral system that enables this kind of behavior, we're going to see this kind of behavior.

That's about the stupidest thing I've ever read. I gotta ask: How does our electoral system do that? Let me get a head start on already laughing.

It is simple, it favors two parties and as long as there are only two parites they know they will never be held accountable for very long. That is why both parties spend like their is no tomorrow.

 

[flacaltenn]

Something does tell me the tide has at least slowed.

"Something tells me". That's Tard for "I want to bleev it, so it must be true!"


You are wrong. Trump has ACCELERATED spending!

You know why you don't know this? Because the propagandists you parrot have not told you.

Maybe you should put down the piss cup and start paying attention.

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Why do you believe that? Why do you believe that SS and Medicare are the culprits?

It is weird.

Because Soc Sec is running a deficit since 2010 now and EVERY DOLLAR it has to cover comes from NEW DEBT issued by the treasury yearly. There's nothing of value to cover the shortfall in the phony Trust Fund but promises to pay.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.


The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

Same deal for the Medicare baby boomer crisis, but without the drama of the phony Trust Fund bookkeeping. These INCREASING expenses are sadistically called "off book debt" and come due right about NOW..

Together they are CURRENTLY less than 20% of the deficit.. BUt --- when you add on the DEBT (bond) REPAYMENTS -- you're up to about 40% of deficit that is the FAULT OF EVERYONE. Because it could have fixed over the past 30 years, but the 2 inept, corrupt parties PUNTED the ball to you and me.

Blaming this on the "party in power" is juvenile horse shit..

Eliminate the cap.

Keep the benefits reasonable.

Problem solved and nobody suffers.

Suffer=live golden years in pain or unable to buy a fucking toy for your grandchildren without giving up a fucking necessarily.

Get it?

No I don't "get it". That's been the mantra for 30 years. Caps' been raised to the point where the program that was "UNIVERSAL" is now literally welfare. Because the people at the income top now have very NEGATIVE SS returns. It's $50Bill to $100Bill a year that Congress stole from the working poor thru excess FICA tax and NOW has to be repaid with NEW DEBT.. That's criminal fiscal management from BOTH parties..

Here's how fucking devious this is.. FOR YEARS Congress showed the FICA excess they stole as INCOME. So any "deficit or debt" figures were REDUCED by that theft. That USED to be a $100Bill WINDFALL for reporting deficit.

It has SWUNG to nearly a $200Bill difference in deficit reporting as it went from a SS SURPLUS to shortfall. That's MORE of the "fake acceleration" that G5000 is whining about.

There IS some acceleration in spending outside of these fixed deficits. But in another 10 years --- they will be "crumbs" compared to Baby Boomer shortfalls and interest on T-Bills.

 

[hjmick]

The US needs to borrow almost $300 billion this week

The United States plans to sell about $294 billion of debt, according to the Treasury Department. That's the highest for a week since the record set during the 2008 financial crisis.

Trump smashes another Obama record.

Notice that deafening silence from the pseuedocons about Trump's massive spending?

Yeah. Me, too.

Trump is on track to bust Obama's spending record wide open.

Yet the pseudocons propagandists are completely silent about it.

I told you this election was about Mexicans and Muslims!

I'd loan him the money, but I have plans... Besides, he'd probably declare bankruptcy and I'd never see a dime of it back...

 

[LoneLaugher]

"Something tells me". That's Tard for "I want to bleev it, so it must be true!"


You are wrong. Trump has ACCELERATED spending!

You know why you don't know this? Because the propagandists you parrot have not told you.

Maybe you should put down the piss cup and start paying attention.

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Why do you believe that? Why do you believe that SS and Medicare are the culprits?

It is weird.

Because Soc Sec is running a deficit since 2010 now and EVERY DOLLAR it has to cover comes from NEW DEBT issued by the treasury yearly. There's nothing of value to cover the shortfall in the phony Trust Fund but promises to pay.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.


The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

Same deal for the Medicare baby boomer crisis, but without the drama of the phony Trust Fund bookkeeping. These INCREASING expenses are sadistically called "off book debt" and come due right about NOW..

Together they are CURRENTLY less than 20% of the deficit.. BUt --- when you add on the DEBT (bond) REPAYMENTS -- you're up to about 40% of deficit that is the FAULT OF EVERYONE. Because it could have fixed over the past 30 years, but the 2 inept, corrupt parties PUNTED the ball to you and me.

Blaming this on the "party in power" is juvenile horse shit..

Eliminate the cap.

Keep the benefits reasonable.

Problem solved and nobody suffers.

Suffer=live golden years in pain or unable to buy a fucking toy for your grandchildren without giving up a fucking necessarily.

Get it?

The Social Security problem can be easily solved. We just don't demand our politicians solve it.

All we have to do is raise the Social Security and Medicare eligibility ages to 70, then index the eligibility age to 9 percent of the population going forward.

Problem solved.

But America's motto these days is, "Gimme gimme gimme, and make that guy over there pay for it."

So everyone needs to look in the mirror for the asshole fucking things up.

Nah. Raise the cap to a million. Pay FICA on your first million of income.

Let the dude who has worked his fingers to the bone retire at 65. Give him a decent retirement.

Nobody suffers.

 

[flacaltenn]

"Something tells me". That's Tard for "I want to bleev it, so it must be true!"


You are wrong. Trump has ACCELERATED spending!

You know why you don't know this? Because the propagandists you parrot have not told you.

Maybe you should put down the piss cup and start paying attention.

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Why do you believe that? Why do you believe that SS and Medicare are the culprits?

It is weird.

Because Soc Sec is running a deficit since 2010 now and EVERY DOLLAR it has to cover comes from NEW DEBT issued by the treasury yearly. There's nothing of value to cover the shortfall in the phony Trust Fund but promises to pay.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.


The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

Same deal for the Medicare baby boomer crisis, but without the drama of the phony Trust Fund bookkeeping. These INCREASING expenses are sadistically called "off book debt" and come due right about NOW..

Together they are CURRENTLY less than 20% of the deficit.. BUt --- when you add on the DEBT (bond) REPAYMENTS -- you're up to about 40% of deficit that is the FAULT OF EVERYONE. Because it could have fixed over the past 30 years, but the 2 inept, corrupt parties PUNTED the ball to you and me.

Blaming this on the "party in power" is juvenile horse shit..

Eliminate the cap.

Keep the benefits reasonable.

Problem solved and nobody suffers.

Suffer=live golden years in pain or unable to buy a fucking toy for your grandchildren without giving up a fucking necessarily.

Get it?

The Social Security problem can be easily solved. We just don't demand our politicians solve it.

All we have to do is raise the Social Security and Medicare eligibility ages to 70, then index the eligibility age to 9 percent of the population going forward.

Problem solved.

But America's motto these days is, "Gimme gimme gimme, and make that guy over there pay for it."

So everyone needs to look in the mirror for the asshole fucking things up.

Wake the fuck up and get over it. The time to FIX IT is past. You change the rules NOW during the crisis and you'll have DC over run with walkers and senior scooters. YOUR 2 parties BLEW IT... Criminally in fact..

 

[g5000]

The corporate tax rate was so high because it is incredibly bogged down by tax expenditures. One of Marco Rubio's white papers during the election dealt with this problem. I posted a link to it several times on this forum during the campaign. Rubio had a plan to solve this problem of a high corporate tax rate the right way.

So did Devin Nunes. He said quite plainly that every time his Ways and Means committee tried to lower the corporate tax rate by taking out all the fucking government handouts, the special interest lobbyists got them put back in, driving the corporate tax rate right back to its high level again.

Nunes understood what I have been telling you fools for years. Rubio understood.

But then Trump refused to remove all those government gifts in the corporate tax code. So the spineless shits Nunes and Rubio both caved on the issue, and obsequiously bowed and scraped for a $1.5 trillion tax reduction WITHOUT eliminating the tax expenditures which drove the rate up to begin with.

And that is how Trump's Ponzi scheme saddled our kids with another $1.5 trillion of debt which will have to be borrowed from our enemies.

It has FUCK-ALL to do with Social Security or interest rates.

As a matter of fact, this extra debt will cause interest rates to go even HIGHER!

 

[flacaltenn]

I think you know that the $50Bill Soc Sec deficits and the $150Bill Medicare deficits a year now are NOT Trump's fault or Obama's fault or Bush's fault. We ALL KNEW for 30 years that the govt was stealing the SS surplus and the accounting was bogus.

This IS the Baby Boomer crisis. And it's getting progressively worse. And the INTEREST on the EXISTING fucking debt is ANOTHER 20% of the budget shortfall. We are on autopilot for past sins. And we're not repenting fast enough BECAUSE of the partisan finger pointing and blaming.

Time to Grow the FUCK up....

Why do you believe that? Why do you believe that SS and Medicare are the culprits?

It is weird.

Because Soc Sec is running a deficit since 2010 now and EVERY DOLLAR it has to cover comes from NEW DEBT issued by the treasury yearly. There's nothing of value to cover the shortfall in the phony Trust Fund but promises to pay.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.


The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

Same deal for the Medicare baby boomer crisis, but without the drama of the phony Trust Fund bookkeeping. These INCREASING expenses are sadistically called "off book debt" and come due right about NOW..

Together they are CURRENTLY less than 20% of the deficit.. BUt --- when you add on the DEBT (bond) REPAYMENTS -- you're up to about 40% of deficit that is the FAULT OF EVERYONE. Because it could have fixed over the past 30 years, but the 2 inept, corrupt parties PUNTED the ball to you and me.

Blaming this on the "party in power" is juvenile horse shit..

Eliminate the cap.

Keep the benefits reasonable.

Problem solved and nobody suffers.

Suffer=live golden years in pain or unable to buy a fucking toy for your grandchildren without giving up a fucking necessarily.

Get it?

The Social Security problem can be easily solved. We just don't demand our politicians solve it.

All we have to do is raise the Social Security and Medicare eligibility ages to 70, then index the eligibility age to 9 percent of the population going forward.

Problem solved.

But America's motto these days is, "Gimme gimme gimme, and make that guy over there pay for it."

So everyone needs to look in the mirror for the asshole fucking things up.

Nah. Raise the cap to a million. Pay FICA on your first million of income.

Let the dude who has worked his fingers to the bone retire at 65. Give him a decent retirement.

Nobody suffers.

This is nonsense. It's not Universal Anything then. It's a WELFARE tax. You think folks are gonna trust your voodoo management of of Universal anything when you want UNIVERSAL healthcare?

You and G5000 need to get your emergency mgt team together on this. Because he apparently wants 70 year roofers climbing ladders.

 

[g5000]

Why do you believe that? Why do you believe that SS and Medicare are the culprits?

It is weird.

Because Soc Sec is running a deficit since 2010 now and EVERY DOLLAR it has to cover comes from NEW DEBT issued by the treasury yearly. There's nothing of value to cover the shortfall in the phony Trust Fund but promises to pay.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.


The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

Same deal for the Medicare baby boomer crisis, but without the drama of the phony Trust Fund bookkeeping. These INCREASING expenses are sadistically called "off book debt" and come due right about NOW..

Together they are CURRENTLY less than 20% of the deficit.. BUt --- when you add on the DEBT (bond) REPAYMENTS -- you're up to about 40% of deficit that is the FAULT OF EVERYONE. Because it could have fixed over the past 30 years, but the 2 inept, corrupt parties PUNTED the ball to you and me.

Blaming this on the "party in power" is juvenile horse shit..

Eliminate the cap.

Keep the benefits reasonable.

Problem solved and nobody suffers.

Suffer=live golden years in pain or unable to buy a fucking toy for your grandchildren without giving up a fucking necessarily.

Get it?

The Social Security problem can be easily solved. We just don't demand our politicians solve it.

All we have to do is raise the Social Security and Medicare eligibility ages to 70, then index the eligibility age to 9 percent of the population going forward.

Problem solved.

But America's motto these days is, "Gimme gimme gimme, and make that guy over there pay for it."

So everyone needs to look in the mirror for the asshole fucking things up.

Nah. Raise the cap to a million. Pay FICA on your first million of income.

Let the dude who has worked his fingers to the bone retire at 65. Give him a decent retirement.

Nobody suffers.

This is nonsense. It's not Universal Anything then. It's a WELFARE tax. You think folks are gonna trust your voodoo management of of Universal anything when you want UNIVERSAL healthcare?

You and G5000 need to get your emergency mgt team together on this. Because he apparently wants 70 year roofers climbing ladders.

We are living DECADES longer than our ancestors, we should be working longer. Common fricking sense.

The 70 year old of today is in much better shape than the 60 year old roofer in 1935 when SS was invented. In fact, most of those blue collar workers back then never survived to collect SS. Social Security was intended as INSURANCE for those who beat the odds. It discriminated against blue collar workers from the get-go.

You have an entitlement mindset which is crushing our country.

 

[Cellblock2429]

The US needs to borrow almost $300 billion this week

The United States plans to sell about $294 billion of debt, according to the Treasury Department. That's the highest for a week since the record set during the 2008 financial crisis.

Trump smashes another Obama record.

Notice that deafening silence from the pseuedocons about Trump's massive spending?

Yeah. Me, too.

Trump is on track to bust Obama's spending record wide open.

Yet the pseudocons propagandists are completely silent about it.

I told you this election was about Mexicans and Muslims!

/——/ So you’re mad Trump didn’t veto the spending bill. Awesome