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Old 11-13-2018, 02:11 PM   #1
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Economy Trump's Rising Debts Will Soon Force the U.S. To Spend More on Interest Than Medicaid

Trump's Rising Debts Will Soon Force the U.S. To Spend More on Interest Than Medicaid, Defense

Quote:
U.S. government spending on the interest costs of rising federal debt will soon force lawmakers to choose between competing spending on health care and education programs, according to the Wall Street Journal.
x x x
By 2020, the government is on track to spend more on interest than it spends on Medicaid, and by 2023, more than on national defense, and by 2025, the government will spend more on debt interest than every nondefense discretionary federal program combined.


http://www.newsweek.com/defense-deb...ntdSJdI19fLB0M



Not a peep from supposed fiscally responsible people

Hypocrites
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Old 11-13-2018, 07:24 PM   #2
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And the 9.6 Trillion Obama added to the debt had absolutely nothing to do with that.

I have an idea, we Nationalize All the movie and TV companies, and pro sports and dump all of there Profit directly on to the national debt! I am sure all those good liberals will fully understand their income being cut to responsible levels.
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Old 11-13-2018, 07:32 PM   #3
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You’re absolutely right and I’m very concerned about the rising debt and the interest payments needed to service that debt.

I’ve been concerned for quite some time and voiced those concerns on this board 8 years ago. The debt had just exploded and we were on the verge of enacting a major new entitlement program (the PPACA) that I felt would only make the problem worse. I was told then that:

Government debt isn’t the same as household debt.
The government has ways to deal with the debt and I was being an alarmist.
The debt isn’t really a problem since we mostly owe it to ourselves.
Paying off the debt would be harmful to the economy.

The debt was a problem in 2010 and it’s still a problem today. The person sitting in the Oval Office doesn’t change that.
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Old 11-13-2018, 09:19 PM   #4
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Right on, right on... I recall those very discussions on these boards.

But, you see, if Obama is doing it, well, then its cool, its hip and, doggone it, it is the right thing to do.



Quote:
Originally Posted by karter42
You’re absolutely right and I’m very concerned about the rising debt and the interest payments needed to service that debt.

I’ve been concerned for quite some time and voiced those concerns on this board 8 years ago. The debt had just exploded and we were on the verge of enacting a major new entitlement program (the PPACA) that I felt would only make the problem worse. I was told then that:

Government debt isn’t the same as household debt.
The government has ways to deal with the debt and I was being an alarmist.
The debt isn’t really a problem since we mostly owe it to ourselves.
Paying off the debt would be harmful to the economy.

The debt was a problem in 2010 and it’s still a problem today. The person sitting in the Oval Office doesn’t change that.
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Old 11-13-2018, 10:25 PM   #5
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No no when Obama did it, it was bush's fault.
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Old 11-14-2018, 01:06 AM   #6
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Default ...as always...

the base is OK with this
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Old 11-14-2018, 05:51 AM   #7
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Quote:
Originally Posted by rwh1960huck
the base is OK with this

Not all of the base but you've got a point. There are far too many people on both sides that think 'it's okay since my party's doing it'.
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Old 11-14-2018, 06:46 AM   #8
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You guys ignore the fact that Obama inherited two wars and a financial crisis. Once those were taken care of he brought the annual deficit down.

Trump, on the other hand, inherited wars that were all but over (now fewer than 10,000 troops in Afghanistan) and a booming economy. Yet by cutting taxes mostly on the rich and corporations, without cutting spending, he is increasing the deficit. CBO projects the next budget will have more than a trillion in deficit and in the next 10 years it will grow from that.

Get some facts.
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Old 11-14-2018, 07:19 AM   #9
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Quote:
Originally Posted by billxl883
You guys ignore the fact that Obama inherited two wars and a financial crisis. Once those were taken care of he brought the annual deficit down.

Trump, on the other hand, inherited wars that were all but over (now fewer than 10,000 troops in Afghanistan) and a booming economy. Yet by cutting taxes mostly on the rich and corporations, without cutting spending, he is increasing the deficit. CBO projects the next budget will have more than a trillion in deficit and in the next 10 years it will grow from that.

Get some facts.

The key words in your statement is "he inherited two wars and a financial crisis" that has been doing on since nearly the start of the previous administration, and yet Obama managed to add more then twice am much to the debt then his predecessor did! Those are some other facts you might want to consider!

The simple truth, is ever president for the last few decades, as well as members of congress, who kept kicking the consequences can further and further down the road, and the brain dead sheep that keep voting for them are the ONES who are responsible for this. And now we all need to pay for it.

A very long time ago, Rush Limbaugh suggested we have a Wealth Tax, a one time tax on every American. Where you sum up all of your accents, regardless of what and where they are, subtract a single dedication of say $750,000, and if the number is positive, multiply it by .4, and right a check for that amount to the IRS! Perhaps that is what we need to do now. The left keep saying they want to pay more taxes, so here is a way to do such rather easily.
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Old 11-14-2018, 08:14 AM   #10
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Quote:
Originally Posted by billxl883
You guys ignore the fact that Obama inherited two wars and a financial crisis. Once those were taken care of he brought the annual deficit down.

Trump, on the other hand, inherited wars that were all but over (now fewer than 10,000 troops in Afghanistan) and a booming economy. Yet by cutting taxes mostly on the rich and corporations, without cutting spending, he is increasing the deficit. CBO projects the next budget will have more than a trillion in deficit and in the next 10 years it will grow from that.

Get some facts.


Haha try again. Obama's claim that the war was over didn't mean shit.

When Trump took office, the U.S. had been mired in a discouraging stalemate in the fight against a group that Obama had initially dismissed as the “JV” terrorist team and therefore unworthy of his attention. Obama had little appetite for another Middle East war after he pulled U.S. forces out of Iraq. Having claimed that he had ended or wound down America’s wars, it took more than a year for him to admit that his Iraq bugout and refusal to intervene in the Syrian civil war — even to enforce his “red line” over Bashar al-Assad’s use of chemical weapons — had created a vacuum that ISIS filled. That reluctance seemed to carry over into U.S. efforts during the two years following Obama’s 2014 pledge to “degrade and ultimately destroy” the terrorist group as coalition forces made little headway against the enemy.
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Old 11-14-2018, 10:29 AM   #11
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And still not a peep denouncing the fiscal irresponsibility of Trump from the hypocrites here, just more lies and lame excuses

Idiots
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Old 11-14-2018, 01:40 PM   #12
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Obama's debt got us out of the worst recession since the Great Depression.

Trump's debt seems to be entirely based on a sugar high hellbent on ensuring that he gets one year of 3% growth so they can shit on Obama about it.

I wouldn't say it's worth it, but I've never been the RWNJ of the board, soooooooo.
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Old 11-14-2018, 06:36 PM   #13
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Originally Posted by ShuGuy
Obama's debt got us out of the worst recession since the Great Depression.
Obama, and the last budget of Bush's term, which is where that whole "It's Bush's fault that Obama had such high deficits" meme comes from. Obama also spent a significant chunk of change on setting up a program to extend healthcare for millions of working Americans. Debt isn't the problem, so much as what you spend that debt on.
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Old 11-14-2018, 07:19 PM   #14
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the republis spending alway more to make there self richer
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Old 11-14-2018, 10:04 PM   #15
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the republis spending alway more to make there self richer
Doubtful, unless the contract for THE WALL goes to some major Republican donor. The real problem is that they aren't willing to actually pay for the stuff they want to do, like THE WALL or Endless War in the Middle-East. Conservative response to budget asks are a) We shouldn't spend money on something like that, b) We should offset it by cutting spending on social services, or c) We should ignore the fact that we're cranking up the deficit to pay for this. It is never d) We should pony up a modest tax increase.
E: And before iron_warmonger kramers in with some nonsense about liberals balking at writing a larger check to the IRS, I would be totally willing to pay a larger amount because the tax rate on my bracket has increased, I am not willing to pay a larger amount just because I'm a liberal who wants to do things.
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Old 11-15-2018, 03:30 AM   #16
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Quote:
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Quote:
Originally Posted by tonberg
the republis spending alway more to make there self richer
Doubtful, unless the contract for THE WALL goes to some major Republican donor. The real problem is that they aren't willing to actually pay for the stuff they want to do, like THE WALL or Endless War in the Middle-East. Conservative response to budget asks are a) We shouldn't spend money on something like that, b) We should offset it by cutting spending on social services, or c) We should ignore the fact that we're cranking up the deficit to pay for this. It is never d) We should pony up a modest tax increase.
E: And before iron_warmonger kramers in with some nonsense about liberals balking at writing a larger check to the IRS, I would be totally willing to pay a larger amount because the tax rate on my bracket has increased, I am not willing to pay a larger amount just because I'm a liberal who wants to do things.

Why not? We here over and over my so many liberals how taxes need to be higher, and we see Celebs like Michael Moore saying how many want to pay more. As I said the IRS has a web site just so individuals can pay more taxes if they want to, and this money goes directly on the debt, not into any program they may be for or against.

But the entire idea of "wanting to pay more taxes" is just like so many other things liberals claim they want, just as long as they are not the ones that actually have to bear the cost. Like how you want Affirmative Action, but only such that you are not effect, or those you feel should be effect by it. Or like how Al Gore talks about how we need to make sacrifices for the good on the planet, but of you really look at what he does (and many other such celeb environmentalist) what he is really saying is "I am will to accept what every sacrifice we can force someone else to make". That truly is the liberal way!

And is it why Liberalism always will fail. It uses a us vs. them mentality, but the divided the us, into those they actually care about and those they just use. The inability to lead by example is its final undoing.
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Old 11-15-2018, 04:48 AM   #17
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Originally Posted by iron_warmonger
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Doubtful, unless the contract for THE WALL goes to some major Republican donor. The real problem is that they aren't willing to actually pay for the stuff they want to do, like THE WALL or Endless War in the Middle-East. Conservative response to budget asks are a) We shouldn't spend money on something like that, b) We should offset it by cutting spending on social services, or c) We should ignore the fact that we're cranking up the deficit to pay for this. It is never d) We should pony up a modest tax increase.
E: And before iron_warmonger kramers in with some nonsense about liberals balking at writing a larger check to the IRS, I would be totally willing to pay a larger amount because the tax rate on my bracket has increased, I am not willing to pay a larger amount just because I'm a liberal who wants to do things.

Why not? We here over and over my so many liberals how taxes need to be higher, and we see Celebs like Michael Moore saying how many want to pay more. As I said the IRS has a web site just so individuals can pay more taxes if they want to, and this money goes directly on the debt, not into any program they may be for or against.
Is "Fuck you, I'm not paying samooblozhenie" really not good enough for you?
E: Really, the truth is exactly the opposite of your complaint. I am perfectly willing to pay taxes just the same as my conservative doppelganger. No less than he, and also no more.
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Food stamps stimulate the economy, tax cuts don't, tax rates are at a historic low, welfare queens are either non-existent or embarrassingly near.
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Old 11-15-2018, 05:04 AM   #18
I'm not arrogant. I'm just better than you.
 
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Trump's Rising Debts Will Soon Force the U.S. To Spend More on Interest Than Medicaid, Defense
Fake news. Again. It's not Trump's debt. It's America's debt, presumably approved over the years by both the House of Reps and Congress.

But call it Trump's debt. That way you can point your irresponsible finger.
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Old 11-15-2018, 08:25 AM   #19
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Obama's debt got us out of the worst recession since the Great Depression.

Trump's debt seems to be entirely based on a sugar high hellbent on ensuring that he gets one year of 3% growth so they can shit on Obama about it.

I wouldn't say it's worth it, but I've never been the RWNJ of the board, soooooooo.


Funny the debt is all bush's fault, but yet you give credit to Obama for getting us out of the recession. You can't have it both ways.


Trumps plan is actually based on a business plan. You have to spend money to make money. And quantity of money is much better than quality of money.
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Old 11-15-2018, 08:35 AM   #20
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Why not? We here over and over my so many liberals how taxes need to be higher, and we see Celebs like Michael Moore saying how many want to pay more. As I said the IRS has a web site just so individuals can pay more taxes if they want to, and this money goes directly on the debt, not into any program they may be for or against.
Is "Fuck you, I'm not paying samooblozhenie" really not good enough for you?
E: Really, the truth is exactly the opposite of your complaint. I am perfectly willing to pay taxes just the same as my conservative doppelganger. No less than he, and also no more.


Your right on the no more. You want everyone else to pay more , but you don't want to have to pay any extra then the guy next you. Iron hit this one on the nose you want the rich to pay for everything, but when it suggested that mabey you buck up, you instantly get defensive.
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