Can GOP Save America from Classified Joe and the Dem's Debt Ceiling Catastrophe?

How is it misleading? Reagan took us from linear debt growth to exponential debt growth. Since our money is created as debt and, the interest on the debt isn't created when the debt is created, more debt/money MUST be created just to pay the interest, which means, under our current FED system it will be very hard to get debt growth under control. Regan set a precedent that we can never recover from. No one noticed at the time because no one had ever taken debt growth exponential before. Regan created more debt than ALL other administrations, combined, before him.

No, Reagan was not our "best" president ever, he was our worst; rivaled only by tRatior tRump. TRaitor tRump might have out done Reagan and been first worst, but tRaitor tRump didn't have Milton Freeman helping him.

 

The chart % increase in public debt. .. doesn't mean squat outside of context

Say the debt is 10 dollars ... the next govt spends 15 dollars .... OMG a 50% increase.

Sometime later the debt is 1 Trillion dollars .. and Gov't spends 1.3 Trillion .. only a 30% increase Get the picture...

There are better measures .. but regardless .. I agree with your premise .. those other measures show Reagan was a complete disaster. He raised the debt/deficit by a huge amount in real terms .. at a time when it was not needed .. The Baby Boomers started into their high spending years as Reagan stepped in .. caught a huge economic wave.. off a very low point .. Revenues increasing

But Noo .. that was not enough .. lets throw some nitrous oxide into the tank (deficit spending) short term gain for long term loss at a time when interest rates are 20% .. and outsource our manufacturing sector at the same time . short term gain for long term pain.

After 12 years of this madness .. Clinton stepped into office .. the interest on our debt had risen above 25% of income.. 30% is the number that sets off red lights at the IMF .. ship taking in water faster than can be bailed out .. will sink if nothing done.

So it wasn't because Clinton and Red congress wanted to increase taxes and reign in spending .. they had to..

Now for example the interest on 31 Trillion ~ 2% = 620 Billion a year .. on income of around 4 Trillion .. = 16% well under the red light zone... So all good right ?

Wrong --- getting ave interest rate on our debt to 2% required some serious messing with the invisible hand .. and today .. after some 20 years of abuse .. we get to watch the hand hit back .. as interest rates are out of control.

So for shts and giggles .. Historical Ave rate on our is around 6% - folks want to get paid for what they borrow Were we to get half way there . 4% .. 1.24 Trillion/year.. we would be at 32% .. assuming revenue and debt stays the same .. which it wont .. but you get the picture.

and hey .. Revenue can go lower .. and the debt can go higher - both of which move the needle the bad direction. In the 2008 crash for example -- Revenue dropped from 2.7 Trillion down to 2.1 Trillion .. a significant part of the 1.4 Trillion dollar deficit for 2009. Took 4 years for revenue to get back up to 2.7. Think of what can happen in a real recession though .. never mind depression .. where we get "Deflation" something we havn't had for a long long time . but are way overdue .. way way way overdue .. as generally it is 50/50 .. inflationary to deflationary years over last 500 years .. with slightly more inflationary .. ... like 53-47 type thing. "Robert Prechter - Crest of the Tidal Wave" if you wish a reference

 

Unfortunately for your OP and for the Republican Party, throughout the years it has been proven that the GOP cannot save anyone other than themselves. So the answer to your question is "NO", the GOP cannot save America. The probabilities are that whatever situation occurs due to the Democrats, the GOP will make it WORSE.

 

The GOP can’t even save itself let along the country. It’s too divided today with no compass point as to which direction it wants to go. Some want to hang on to the past which brought them defeats in 2018, 2020 and 2022. I consider last year’s midterms a defeat for the GOP as that midterm should have been a red wave which was turned into a red trickle with the Democrats gaining a senate seat and 2 governorships while limiting their house loses to 9 seats. Historically, with a sitting president hovering around 40% overall job approval, Biden was at 42%, the average losses for the party in power was 48.5 house seats lost, 6 senate seats lost and the loss of 4.25 governorships. With the Democrats gaining a senate seat and 2 governorships, one could even classify the 2022 midterms as a blue trickle.


Other Republicans want to move on, past the past to new generation of leaders and ideas. The question is, does the GOP have the guts and will to do so? I highly doubt it. I fear the GOP will stay with the past and lose again in 2024.


Republicans confront bitter divide; no clear path forward


https://www.yahoo.com/news/republicans-confront-bitter-divide-no-051507906.html

 

I almost didn't bother reading that, but OK, we agree Reagan/Freemen are the root of today's out of control deficit. They also were the beginning of the end of the U.S. as the manufacturing wonder of the world. Reagan was "handled" like no other president ever has been; he was an "acting" president that delivered his lines perfectly. IF the U.S. stays solvent enough to carry on future generations are going to call him out for the worst president ever. It makes my head spin that he is voted the best ever. He is the reason there is ANY credence to the Make America Great Again slogan.

 

the debt king, classified Donald vs classified Joe, will that be our 2024 choices

I think classified mike is running too

 

They won by 3,000,000 votes and 9 seats and now control the House. Time for you to face reality.

And you have no solutions to offer on the debt, debt ceiling as you can't see past the political horse race.

 

Well, we need to accomplish

• at least a baby step in the right direction over the summer as the debt ceiling hits due to Dems/Biden's poor planning.
• have all the next fiscal year budget bills completed in time for the Senate to pass them and Biden to sign them by 9/30/2023 and include with this, enough of an increase in the debt ceiling to carry the budget through to 9/30/2024.

 

Why did the GOP vote to raise the debt limit three times under Trump? How is today any different, other than politics?

 

Your reading comprehension is precious. The topic is the debt ceiling.

 

I have no idea. Ask them.
The GOP will raise the debt ceiling coupled with some reduction in the proposed discretionary conditional spending that the Dems desire between whenever the agreement is made and 9/30/2023.

 

Rand Paul Slams Alarmist Default Rhetoric, Outlines Fiscal Reform Plan


'Senator labels doomsday talk as “completely dishonest”...'

The debt payments that the lying fake news disinformation artists are claiming are at risk without a blank check for the Red Ink Orgy Dems?

“Our interest payments are about 400 billion,” Paul continued, adding “We bring in about five trillion, so we have plenty of money to pay our interest payments. We have plenty of money to pay our soldiers, to pay our social security and to pay for Medicare.”

So the lying disinformation artists are claiming that we would default rather than pay 8 cents on the dollar to service our debt.

He then goes on to explain that while Biden/Dems set us up to be out of balance by a third, by just cutting 2 cents on the dollar and then freezing spending for the next 4 years that we would return our budget to balance, save Social Security, and the financial integrity of the United States.

 

Do you actually believe that idiotic claptrap?
That sort of ridiculous hyperbole is so far down the rabbit hole it's embarrassing.

 

Sandy Shanks said:
Most importantly, "Voters often incorrectly assume—and lawmakers often incorrectly assert—that a vote to raise the debt ceiling is a vote for more debt. In fact, raising the debt limit is about paying for past choices."

In other words, it is like a family's mortgage or credit card bill. The debt limit is to allow payment for current debts, not new ones.

Today's House Republicans under McCarthy and led by the far right of their party fail to realize the fight for new spending should be fought when new spending becomes an issue. Duh!
***********************************************************************************************************************************************************

Get that? Raising the debt limit is to pay for current debts, not new ones.

McCarthy wants to use the issue as leverage to cut spending. What does he want to cut? Which Americans does McCarthy want to hurt by the loss of funding?

McCarthy doesn't say. Like a good politician, he speaks in general terms, not specific ones. In other words, like any good politician, he talks, but doesn't say a thing.

The AP reports, "House Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling ” when the two meet Wednesday for their first sit-down at the White House since McCarthy was elected to the post.

"McCarthy, R-Calif., said he wants to address spending cuts along with raising the debt limit, even though the White House has ruled out linking those two issues together as the government tries to avoid a potentially devastating financial default.

"The speaker pledged that cuts to Social Security and Medicare would be off the table [so is defense, Republican cash cow].

“I know the president said he didn’t want to have any discussion (on cuts), but I think it’s very important that our whole government is designed to find compromise,” McCarthy said, making a statement that avoids commitment.

The AP continued, "Asked whether he would make a guarantee, McCarthy said, “There will not be a default,” though he suggested that declaration depended on the willingness of Biden and Democrats to negotiate," again failing to commit to any course of action.

We have no idea what spending Republicans want to cut.

The question easily can be asked, does McCarthy?

 

Can't possibly cut spending by even a penny on the dollar? Government theives.

CULTURE OF CORRUPTION: Thousands Of Pandemic Unemployment Claims Listed The Names Of Still-Employed Government Workers, Senator Says.



Thousands of arrogant self-entitled federal employee thieves 'wrongfully obtained coronavirus bailouts by claiming to be unemployed, with some even doing so from their desks at government offices, federal investigators found.'

“recover the money that was ripped off, and grant each of those who took advantage of taxpayers by collecting jobless benefits their wish to be unemployed.”

“It is appalling for anyone fortunate enough to have the reliability of a government paycheck to take advantage of financial assistance intended to provide a lifeline to Americans who lost their jobs or were unable to work as a result of the COVID-19 pandemic,”

It is appalling, but not a complete surprise that thousands of these federal employees are thieves.

 

Ways to reduce spending: Thousands of federal bureaucrats defrauded taxpayers to double their paychecks with Covid aid meant for the unemployed.

Grant them their wish to be unemployed and clawback the fraudulent payments.

 

Heh, it's a waste of time to try to cut spending until we have a Balanced Budget Amendment. No matter what millions you cut the Democrats will just add two extra zeros to that number in new spending, and frankly, so will the Republicans if they control the government. With one exception, debt ceiling fights have always been losers for the GOP.

I suggest instead of nickel and diming, they should go after unpopular legislation, like the section of the infrastructure bill that requires automakers to install remote shut off devices. Nobody wants the government with the ability to shut off your car, and I would love to hear the Democrats defending it on the Congressional record.

 

Sandy Shanks said:
Most importantly, "Voters often incorrectly assume—and lawmakers often incorrectly assert—that a vote to raise the debt ceiling is a vote for more debt. In fact, raising the debt limit is about paying for past choices."

In other words, it is like a family's mortgage or credit card bill. The debt limit is to allow payment for current debts, not new ones.

Today's House Republicans under McCarthy and led by the far right of their party fail to realize the fight for new spending should be fought when new spending becomes an issue. Duh!
***********************************************************************************************************************************************************

Get that? Raising the debt limit is to pay for current debts, not new ones.

McCarthy wants to use the issue as leverage to cut spending. What does he want to cut? Which Americans does McCarthy want to hurt by the loss of funding? McCarthy doesn't say. Like any good politician, he speaks only in general terms, saying absolutely nothing.

This is what educationally challenged rural voters in the Republican Party wanted -- extremist Republicans who would threaten our own economy.

They will, of course, eventually back down, but what kind of a political party threatens the American economy? A dumb one, and a product of the rural Republican base mostly centered in the South.

CNN reports, "President Joe Biden and House Speaker Kevin McCarthy’s talks on Wednesday are about more than a Washington power game.

"If the two leaders can’t agree to lift the debt ceiling by the time the Treasury runs out of money to pay its debts, the United States – the world’s fabled economic safe haven – could go into default.

"Every American will get hurt in the ultimate demonstration of how partisan politics, including growing conservative extremism, is threatening the country’s ability to govern itself and could doom it to a self-inflicted disaster.

If the extremist Republicans carry through on their threat, these are the consequences.

"If Republicans don’t grant more lending authority by mid-summer, Social Security retirement payments will be on the line. Veterans could stand to lose their vital health and living benefits. Americans whose 401(k) funds are locked into stocks could see their savings plummet in a global market crash. Borrowing costs for consumers would also likely spike, potentially plunging the economy into a recession that could choke job growth and cause widespread misery," CNN.

Don't waste your time waiting for a response from the forum's Republicans. They seem incapable of responding to the issues within a report.

 

NO Big No.. they are as complicit as he and they have not stopped criminality anywhere.. Hillarr's e-mails , fast and furious, stolen elections, Covid coverup for China,etc..etc..etc.. they can't say anything,.. more than likely being blackmailed by the Deep State.

 

Some examples would be nice to make your post clear.

 

Yes, yes, yes, run, run, the sky is also falling...

 

Remember when Trey Gowdy was 'fixin' to' get to the bottom of all this? I found out later that apparently 'fixin' to' means "getting ready to get ready" which is operationally no different than not actually doing a damn thing.

 

OH, GROW UP: Dept. of Interior Now Offering ‘Eco-Grief’ Training to Employees.

Dems assure us that nothing can be cut from the planned discretionary spending for the remainder of the fiscal year in exchange for raising the debt ceiling that they themselves failed to raise with they passed planned spending in excess of the limit.

'What you are seeing here, besides rich, entitled, vastly underemployed white kids is what is now referred to as “eco-grief.” Yup, that’s a thing, although these individuals may be taking it a bit to the extreme for the cameras. If you have never heard of eco-grief, you probably aren’t alone, although you are also not among the world’s socially and ecologically enlightened. You may be asking yourself “What is eco-grief?” Well, it’s almost self-explanatory.'



We can cut this crap out for the rest of the fiscal year, that's for sure.

 

There is not one thread by a Republican about Republicans. Even Republicans don't have any good things to say about the Republican Party.

 

Of course not! They are boring as heck with their good principles and common sense. Its way more exciting to make threads about the left's forced child sex changes, forced segragation, war on whites and jews and so on
How could a boring republican themed thread compete?