TRUMP'S RISING DEBTS WILL SOON FORCE THE U.S. TO SPEND MORE ON INTEREST THAN MEDICAID, DEFENSE

The whole thing was a ticking time bomb. The system itself was unsustainable. Tough guy talk and guns didn't end the cold war, economics did.

And those people screaming on the left, were very nearly right about ending the world. If not for a some specific individuals this world wouldn't exist as we know it today.

 

Too funny. Do some homework on the collapse of the USSR. Star Wars was a major part of the decision to shut it down.

Entitlement programs are what they are for decades. D’s started all of them. Blame them if you so desire.

Those happened when ?? What do they have to do with the current discussion ??

 

Yes. The economics of competing against Reagan’s Star Wars defense program.

Ending the world ?? Too funny.

 

Sure, a cooky idea from an adle-brained politician was the nail in the coffin, not a political system chocked full of inherent problems. Nevertheless, it still serves as a prime example of "conservatives" abandoning their small government, deficit hawk positions as soon as it conveniently serves the MIDC.

I haven't the time to bring you up to speed and I'm fairly certain I've already given you homework for today. Feel free to saunter back once you've caught up.

 

So you have nothing. Figured as much.

 

Which part?

 

not sure what your sayign, the spending was still republicans, the majority of the debt was because of two 10+ year wars and the huge Bush tax cuts for the rich

 

BG who is more patient documented the BS.

 

well said

 

I've been exceptionally clear where is your difficulty?

Not after 2007, those were Democrats budgets and Democrat spending increases and Democrat deficits. That tax cuts produced record tax revenue increases hitting 15% in 2007 and a deficit of a platry $161B

So I don't know what you are saying and haven't refute a single fact I have posted.

 

Yes because that is what we were talking about.

What do you think cause the S&L crisis which began before Reagan even ran for President.

 

which is why this scenario will never happen. A BBA won't get a vote in a Democratic dominated House, even if it would be a good way to troll the Senate Republicans.

 

After Bush 43's tax reforms more tax revenues were collected in the four subsequent years than any other four years in the history of the US even when corrected for inflation and population growth (which must be done to be able to compare with other years). The Iraq war added ~ $200 B per year which is significant but not a large percentage of $3T in federal spending. If you take the cost of the war out of the accounting (which is the normal way in which extraordinary expenses are handled) there would have been a surplus in 2007.

The deficits occurred because 43 inherited the dot.com recession and 9/11/01 on the front end and the housing bubble/financial crisis (which was the result of low income housing policy, monetary policy, and banking regulations) on the back end.

 

WTF you talking about, the House controls the spending, it is from the USA govt web site!!!!!!

 

So long as Democrats want to spend more money helping people and Republicans want to spend more money for weapons to kill people, you're right. It's worth noting that Republicans have controlled Congress since 2012, and they've never attempted a BBA either. Does this lend evidence of some prejudice on the part of the person posting this?

 

Well said ?? Where is the acknowledgement that Clinton triangulated with the R's to produce one of the most successful 4 year Presidential term in history whilst Obama did not producing the only Presidency to never achieve an annual real gdp growth rate over 3%. The referenced post was partisan ridiculousness.

 

At the end of my work day, the government gets more of my hard-earned money than I get to keep.
Not sure how much you make, but unless you are making 100s of $Ms, there is no 50+% tax bracket.

 

And another person who does not understand how government works. It's amazing. The public school system has succeeded in producing an electorate without any basic knowledge of how our government works. Answer this - does the budget have to pass the Senate and how many votes does it take to do so?

 

California. Do your homework. Add federal, state, local, and property along with sales taxes.

 

In a way, Trump owes his election to Obama! Remember?

Hillary was going to be "Obama 2.0", and the nation rejected that! And the problem wasn't (WASN'T) just Idiot Obama! Our problems, especially since '9/11' began with Idiot "W" Bush, but then were made FAR worse under President "Messiah". Think of it -- SIXTEEN SOLID YEARS of the cumulative damage inflicted on this country by both of them....

Despite being opposed with everything but 'torches and pitchforks' by rabidly liberal Democrats, Trump did manage to cut the tax rates for American businesses (which, with Japan, were the highest in the world), thus enabling greater expansion, reinvestment, and hiring! Why wouldn't Democrats want that, too...?

Because ever since the days of the great liberal demi-god, Frankie Roosevelt, Democrats have known that when Americans are LESS dependent on handout welfare and 'subsidies' from government, the tend to abandon the Democrat Party. Ooh! They sure as hell don't want THAT, now do they....

 

BBA to a Democrat means spend as much as you want and then increase taxes accordingly. That's what "pay go" was. That's like a person spending as much as they want for toys, etc and then demanding a raise from their employer to pay for their spending.

 

That's correct. Hillary ran on 8 more years of Obamanomics, identity politics, and placing the welfare of non citizens above the welfare of citizens. The blue collar labor in the rust belt wanted none of that.

 

Yeah right, show me the link!!!

 

Then go argue with the link!!!!!

 

Good for you! Then you of the Libertarian Party can do exactly what I did -- TWICE -- I utterly wasted my vote! Yup, I voted TWICE for Ross Perot, because I was disgusted and sickened by both Daddy Bush and Bill Clinton, and later, by Bob Dole and Bill Clinton. I was warned that if I voted for Perot, Clinton would win BOTH elections... and that is exactly what happened!

Yeah, sure, Perot's party was "the Reform Party", but the result was the same -- I threw my vote away....

The sad thing is that in my deepest convictions, I AM a Libertarian! But I'm old and wise enough now to know that the Libertarian Party will never win an election for anything but a rare victory here and there for 'dog-catcher' during what's left of my lifetime....