trump the Socialist

[AzogtheDefiler]

What? You’re not making any sense. Stick to smileys

you have just spent the last few hours arguing that there is no harm from the debt, so why would you care about it?

Harm to whom? I said The Average taxpayer doesn’t pay more because if it. Where did I use the word “harm” prior to this post?

BL asked what harm the debt caused, I said it cost people more in taxes...you said that is false...thus there is no harm.

Nope. I said An average family doesn’t pay more. What it does do is take away from spend for other necessities such as infrastructure improvements.

we are going to put those on the credit card as well, so it does not matter.

We are? LOL

 

[Harpy Eagle]

azog

How much does it cost us in dollars to finance the debt in each budget?

Depends on the interest rate...between $2-3 hundred billion. But most of it was not out there by DJT. He has unfortunately added to it.

389 billion last year, will be more than 400 billion this year.

but it does not hurt anyone and there is no harm from it, so let's just keep adding more to it!

Rates are lower so why would it be more? I agree we should cut entitlements.

because it is a trillion dollars bigger than last year...or do you think that does not make a difference?

It would have been even more if there was not a rate cut is the argument as there would be fewer taxpayers and expenses would still be high. My point is that expenses are the bigger issue than revenue.

without a doubt expense are a bigger issue

 

[Mac1958]

First he socialized the losses of the coal industry facing environmental damage.


Then he socialized the losses of farms due to his trade policies.


Now he is socializing the potential losses due to the coronavirus for airlines, travel agencies and cruise ships.


That is not how capitalism works conservatives.

He was also taking credit for an economy that was being significantly helped by (a) exploded government spending and (b) half a TRILLION poured into short term lending markets by the NY Fed.

Two things that these same people would have loudly condemned just four years ago.
.

fk dude, obammy gave money out like it was fking candy. no one said a word, and the feds distributed money then as well. It's what they do.

Are you aware of any differences in the economy that Obama inherited, compared to that which Trump inherited?

Has talk radio covered that part?
.

well they were eight years apart, much happened. the magic wand was found and trump got corporations to add private jobs at full time salaries, where obammy couldn't. even when obammy injected money into the auto industry and solyndra. Obammy had nothing but up to go, trump had to keep it going once it got stagnate. trump succeeded. wages increased by 5% for middle class workers. Not sure why you feel that's a bad thing. you all are truly amazing the disdain toward your fellow countryman.

I guess not.

So when did you realize you were a socialist? The day of the escalator ride?
.

 

[Harpy Eagle]

you have just spent the last few hours arguing that there is no harm from the debt, so why would you care about it?

Harm to whom? I said The Average taxpayer doesn’t pay more because if it. Where did I use the word “harm” prior to this post?

BL asked what harm the debt caused, I said it cost people more in taxes...you said that is false...thus there is no harm.

Nope. I said An average family doesn’t pay more. What it does do is take away from spend for other necessities such as infrastructure improvements.

we are going to put those on the credit card as well, so it does not matter.

We are? LOL

sure, why not. That way the average family gets their improved roads and still according to you are not paying in more in taxes. It is a win/win. We would be stupid not to put it on the credit card since the average family is not paying more in taxes anyhow.

 

[jc456]

First he socialized the losses of the coal industry facing environmental damage.


Then he socialized the losses of farms due to his trade policies.


Now he is socializing the potential losses due to the coronavirus for airlines, travel agencies and cruise ships.


That is not how capitalism works conservatives.

He was also taking credit for an economy that was being significantly helped by (a) exploded government spending and (b) half a TRILLION poured into short term lending markets by the NY Fed.

Two things that these same people would have loudly condemned just four years ago.
.

fk dude, obammy gave money out like it was fking candy. no one said a word, and the feds distributed money then as well. It's what they do.

Are you aware of any differences in the economy that Obama inherited, compared to that which Trump inherited?

Has talk radio covered that part?
.

well they were eight years apart, much happened. the magic wand was found and trump got corporations to add private jobs at full time salaries, where obammy couldn't. even when obammy injected money into the auto industry and solyndra. Obammy had nothing but up to go, trump had to keep it going once it got stagnate. trump succeeded. wages increased by 5% for middle class workers. Not sure why you feel that's a bad thing. you all are truly amazing the disdain toward your fellow countryman.

I guess not.

So when did you realize you were a socialist? The day of the escalator ride?
.

i don't do your spin sorry sucka.

 

[Harpy Eagle]

azog

How much does it cost us in dollars to finance the debt in each budget?

Depends on the interest rate...between $2-3 hundred billion. But most of it was not out there by DJT. He has unfortunately added to it.

389 billion last year, will be more than 400 billion this year.

but it does not hurt anyone and there is no harm from it, so let's just keep adding more to it!

Rates are lower so why would it be more? I agree we should cut entitlements.

because it is a trillion dollars bigger than last year...or do you think that does not make a difference?

It would have been even more if there was not a rate cut is the argument as there would be fewer taxpayers and expenses would still be high. My point is that expenses are the bigger issue than revenue.

It should be pointed out that the only reason the rates are down is because the economy is slowing down, sooner or later we run out of rates to drop and then what happens?

 

[AzogtheDefiler]

Depends on the interest rate...between $2-3 hundred billion. But most of it was not out there by DJT. He has unfortunately added to it.

389 billion last year, will be more than 400 billion this year.

but it does not hurt anyone and there is no harm from it, so let's just keep adding more to it!

Rates are lower so why would it be more? I agree we should cut entitlements.

because it is a trillion dollars bigger than last year...or do you think that does not make a difference?

It would have been even more if there was not a rate cut is the argument as there would be fewer taxpayers and expenses would still be high. My point is that expenses are the bigger issue than revenue.

without a doubt expense are a bigger issue

And the majority of expense is due to?

 

[toomuchtime_]

WTF are you talking about? Explain how that person is paying more when the US debt is not their true obligation. Have you received a bill for $3k from the Gov't? LOL

You're making a fool out of yourself yet again. Not surprising.

azog

How much does it cost us in dollars to finance the debt in each budget?

As long as the interest rate remains at near zero, the cost remains at near zero.

the current Fed rate is less than 1.25% and we will still pay more than 400 billion for it this year.

Chump change in the context of federal expenditures. Just as you can afford more debt as you income increases, so if the growth of GDP increases at a rate equal to or exceeding the rate of growth of the debt, we will remain in good shape even if we have occasional jumps in debt during recessions.

debt is growing faster than the GDP, it is not really even close.

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

 

[Rambunctious]

Butt lickers of the worst president in American History oBaMa...have no ground to stand on bashing Trump....Trump is 10 times the president the Magic Kenyan was.....

 

[Harpy Eagle]

azog

How much does it cost us in dollars to finance the debt in each budget?

As long as the interest rate remains at near zero, the cost remains at near zero.

the current Fed rate is less than 1.25% and we will still pay more than 400 billion for it this year.

Chump change in the context of federal expenditures. Just as you can afford more debt as you income increases, so if the growth of GDP increases at a rate equal to or exceeding the rate of growth of the debt, we will remain in good shape even if we have occasional jumps in debt during recessions.

debt is growing faster than the GDP, it is not really even close.

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

FY-17 we added 671 billion to the debt
FY-18 we added 1.272 trillion to the debt
FY-19 we added 1.203 trillion to the debt.

That is a 5% drop, not a big drop by anyone's definition.

So far, 5 months in to FY2020 we have added 662 million. So, that will put us in the 1.2 trillion range again.

 

[toomuchtime_]

As long as the interest rate remains at near zero, the cost remains at near zero.

the current Fed rate is less than 1.25% and we will still pay more than 400 billion for it this year.

Chump change in the context of federal expenditures. Just as you can afford more debt as you income increases, so if the growth of GDP increases at a rate equal to or exceeding the rate of growth of the debt, we will remain in good shape even if we have occasional jumps in debt during recessions.

debt is growing faster than the GDP, it is not really even close.

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

FY-17 we added 671 billion to the debt
FY-18 we added 1.272 trillion to the debt
FY-19 we added 1.203 trillion to the debt.

That is a 5% drop, not a big drop by anyone's definition.

So far, 5 months in to FY2020 we have added 662 million. So, that will put us in the 1.2 trillion range again.

Again, we'll have to wait and see where this levels off, but the cost of servicing the debt remains low and there is no drop in demand for US bonds. Clearly more has to be done to encourage faster economic growth and if he Republicans capture both houses of Congress and the WH, hopefully this will happen.

 

[Harpy Eagle]

the current Fed rate is less than 1.25% and we will still pay more than 400 billion for it this year.

Chump change in the context of federal expenditures. Just as you can afford more debt as you income increases, so if the growth of GDP increases at a rate equal to or exceeding the rate of growth of the debt, we will remain in good shape even if we have occasional jumps in debt during recessions.

debt is growing faster than the GDP, it is not really even close.

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

FY-17 we added 671 billion to the debt
FY-18 we added 1.272 trillion to the debt
FY-19 we added 1.203 trillion to the debt.

That is a 5% drop, not a big drop by anyone's definition.

So far, 5 months in to FY2020 we have added 662 million. So, that will put us in the 1.2 trillion range again.

Again, we'll have to wait and see where this levels off, but the cost of servicing the debt remains low and there is no drop in demand for US bonds. Clearly more has to be done to encourage faster economic growth and if he Republicans capture both houses of Congress and the WH, hopefully this will happen.

They had both Houses of Congress when the deficit went though the roof. When are you going to realize neither side cares about spending or the debt?

And this is the direction that the economy is going.

we are 11 years into the expansion, it will not last forever.

 

[Harpy Eagle]

the current Fed rate is less than 1.25% and we will still pay more than 400 billion for it this year.

Chump change in the context of federal expenditures. Just as you can afford more debt as you income increases, so if the growth of GDP increases at a rate equal to or exceeding the rate of growth of the debt, we will remain in good shape even if we have occasional jumps in debt during recessions.

debt is growing faster than the GDP, it is not really even close.

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

FY-17 we added 671 billion to the debt
FY-18 we added 1.272 trillion to the debt
FY-19 we added 1.203 trillion to the debt.

That is a 5% drop, not a big drop by anyone's definition.

So far, 5 months in to FY2020 we have added 662 million. So, that will put us in the 1.2 trillion range again.

Again, we'll have to wait and see where this levels off, but the cost of servicing the debt remains low and there is no drop in demand for US bonds. Clearly more has to be done to encourage faster economic growth and if he Republicans capture both houses of Congress and the WH, hopefully this will happen.

The cost of servicing the debt is larger than the budget for all but 4 departments within the Fed Govt.

I think you dismiss this cost too easily.

 

[toomuchtime_]

Chump change in the context of federal expenditures. Just as you can afford more debt as you income increases, so if the growth of GDP increases at a rate equal to or exceeding the rate of growth of the debt, we will remain in good shape even if we have occasional jumps in debt during recessions.

debt is growing faster than the GDP, it is not really even close.

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

FY-17 we added 671 billion to the debt
FY-18 we added 1.272 trillion to the debt
FY-19 we added 1.203 trillion to the debt.

That is a 5% drop, not a big drop by anyone's definition.

So far, 5 months in to FY2020 we have added 662 million. So, that will put us in the 1.2 trillion range again.

Again, we'll have to wait and see where this levels off, but the cost of servicing the debt remains low and there is no drop in demand for US bonds. Clearly more has to be done to encourage faster economic growth and if he Republicans capture both houses of Congress and the WH, hopefully this will happen.

They had both Houses of Congress when the deficit went though the roof. When are you going to realize neither side cares about spending or the debt?

And this is the direction that the economy is going.

View attachment 310705

we are 11 years into the expansion, it will not last forever.

I think both sides care about debt, but I think both sides understand that the growing debt does not present a great danger to the nation or to the American people while any steps to stop the growth of the debt will certainly produce hardships for the people.

 

[toomuchtime_]

Chump change in the context of federal expenditures. Just as you can afford more debt as you income increases, so if the growth of GDP increases at a rate equal to or exceeding the rate of growth of the debt, we will remain in good shape even if we have occasional jumps in debt during recessions.

debt is growing faster than the GDP, it is not really even close.

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

FY-17 we added 671 billion to the debt
FY-18 we added 1.272 trillion to the debt
FY-19 we added 1.203 trillion to the debt.

That is a 5% drop, not a big drop by anyone's definition.

So far, 5 months in to FY2020 we have added 662 million. So, that will put us in the 1.2 trillion range again.

Again, we'll have to wait and see where this levels off, but the cost of servicing the debt remains low and there is no drop in demand for US bonds. Clearly more has to be done to encourage faster economic growth and if he Republicans capture both houses of Congress and the WH, hopefully this will happen.

The cost of servicing the debt is larger than the budget for all but 4 departments within the Fed Govt.

I think you dismiss this cost too easily.

So tell me, what danger do you see in the debt?

 

[Richard-H]

True, so how do you fix that issue?

By growing the economy at a higher rate than the debt is growing. The absolute size of the debt is less important than the cost of servicing it. By concentrating on economic growth, interest rates will stay low and just as a rich person can afford to carry more debt than a poor person can, the larger the GDP the more debt the US can afford to carry. An added benefit is that economic growth benefits all Americans.

Until we have a recession and have to pay for all the debt that we accumulated during boom times. Then we're screwed.

Or do you believe that we'll never ever have another recession?

Hold on...we just had a recession...printed more cash and doubled the debt...we didn't pay back a fucking thing. Were you born yesterday or something?

Yes we did, except that the amount added to the debt each year decreased as the economy started to do better. Then comes along the king of debt and almost doubles the amount being added...all during a booming economy.

Yep and those stoners and dark people you love and want to expand on who don't contribute have done nothing but benefit from the accrued debt. It's strange that you refuse to acknowledge the dangerous cycle you perpetuate.

It's amazing that you actually believe the lies that you profess.

"Stoners and Dark People" contribute a whole lot more to society than you or any thousands spoiled brats like you.

Try to come out of the fog of stone age thinking that you're trapped in!

 

[Harpy Eagle]

I think both sides care about debt, but I think both sides understand that the growing debt does not present a great danger to the nation or to the American people while any steps to stop the growth of the debt will certainly produce hardships for the people.

It seems even you do not care about the debt, and we know neither side does or it would not be sitting at 23.5 trillion dollars, which is 105% of our GDP.

Yes, it would produce hardships which would cost them votes, thus our debt will continue on till eventually it become too big to handle.

 

[basquebromance]

2020 will be a choice between freedom and socialism. and yes, my friends, The American people will obviously chose...FREEDOOOOOOOOM!

 

[Harpy Eagle]

debt is growing faster than the GDP, it is not really even close.

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

FY-17 we added 671 billion to the debt
FY-18 we added 1.272 trillion to the debt
FY-19 we added 1.203 trillion to the debt.

That is a 5% drop, not a big drop by anyone's definition.

So far, 5 months in to FY2020 we have added 662 million. So, that will put us in the 1.2 trillion range again.

Again, we'll have to wait and see where this levels off, but the cost of servicing the debt remains low and there is no drop in demand for US bonds. Clearly more has to be done to encourage faster economic growth and if he Republicans capture both houses of Congress and the WH, hopefully this will happen.

The cost of servicing the debt is larger than the budget for all but 4 departments within the Fed Govt.

I think you dismiss this cost too easily.

So tell me, what danger do you see in the debt?

Debt is much like cancer, it just keeps growing. Every year it becomes a larger part of our budget, sooner or later that will catch up to us. Throw in a massive amount of debt in a short time such as in what happens in a recession and boom, we are there sooner than we thought.

This should bother everyone....

 

[toomuchtime_]

The rate of growth of the debt took a big jump in 2018 and a big drop in 2019 and will likely drop more in 2020. President Trump has made significant changes in the economy and it will take a few more years to see where it will level off. Even so, if interest rates remain low, then the cost of servicing the debt will remain low, but if the debt goes too high it may harm the confidence in US bonds. I continue to believe that the best policy for the US government is to keep interest rates as low as possible and to encourage economic growth by removing unnecessary obstacle to growth, such as unnecessary regulations, and to reform tax laws and trade agreements to foster growth.

FY-17 we added 671 billion to the debt
FY-18 we added 1.272 trillion to the debt
FY-19 we added 1.203 trillion to the debt.

That is a 5% drop, not a big drop by anyone's definition.

So far, 5 months in to FY2020 we have added 662 million. So, that will put us in the 1.2 trillion range again.

Again, we'll have to wait and see where this levels off, but the cost of servicing the debt remains low and there is no drop in demand for US bonds. Clearly more has to be done to encourage faster economic growth and if he Republicans capture both houses of Congress and the WH, hopefully this will happen.

The cost of servicing the debt is larger than the budget for all but 4 departments within the Fed Govt.

I think you dismiss this cost too easily.

So tell me, what danger do you see in the debt?

Debt is much like cancer, it just keeps growing. Every year it becomes a larger part of our budget, sooner or later that will catch up to us. Throw in a massive amount of debt in a short time such as in what happens in a recession and boom, we are there sooner than we thought.

This should bother everyone....

View attachment 310707

I understand you don't like the debt, but tell me specifically what worries you so much about it.