demos
Legend
Posts: 9,214
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Post by demos on Sept 2, 2020 19:43:14 GMT
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Post by rabbitreborn on Sept 2, 2020 19:45:53 GMT
Debt hasn't been a problem before. So I think we can safely assume it will never be a problem. |
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Post by phillip on Sept 2, 2020 19:50:33 GMT
When they said Trump would run the government like he ran his businesses, they weren’t kidding.
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demos
Legend
Posts: 9,214
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Post by demos on Sept 2, 2020 19:58:20 GMT
Debt hasn't been a problem before. So I think we can safely assume it will never be a problem. Dick Cheney, is that you? |
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Post by rabbitreborn on Sept 2, 2020 20:01:36 GMT
Debt hasn't been a problem before. So I think we can safely assume it will never be a problem. Dick Cheney, is that you? Our unborn grandchildren have too much money. They're not going to miss tens of trillions. They'll have trillions of dollars worth of doge-coin falling out of their flying cars, riding around with their 28-year-old-Kathy-Ireland-looking sexbots. |
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Post by phillip on Sept 2, 2020 20:06:00 GMT
Good thing Trump is going to eliminate the deficit and clear the debt as he promised in 2016 in a second term. Admittedly though, this was an unorthodox way to start that mission. Like a NASCAR driver completing his first lap in reverse.
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Odysseus
Legend
Trump = Disaster
Posts: 41,115
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Post by Odysseus on Sept 2, 2020 20:52:51 GMT
During his first and only term, Trump laid the groundwork for his biggest bankruptcy yet. He gave massive tax breaks to the most wealthy and big corporations, leaving the average working American holding the bag.
These chickens will come home to roost. Unfortunately it will be up to the Biden administration to begin healing not only the divisions in our country, but also the huge hole in the nation's financial structure.
We elected a crooked con-man as president four years ago. It could take decades to fix the damage he and his cronies have done.
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Deleted
Deleted Member
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Post by Deleted on Sept 2, 2020 21:35:17 GMT
This won't be a problem at all when interest rates crest 3% and the service on our debt hits 1 trillion dollars annually. I don't know what anybody could possibly be worried about. We'll just borrow an *additional* 1 trillion per year to pay interest charges. Done and done.
Queshank
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Deleted
Deleted Member
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Post by Deleted on Sept 2, 2020 21:37:20 GMT
And in 10 more years we'll borrow two trillion dollars a year to service the debt. Duh. This is so easy I wonder why economists waste all this time with study and reading books.
Because there's simply no way for interest rates to return to the 5 to 8% rates of antiquity 20 years ago. It's just not possible in a controlled economy.
Queshank
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Post by atreyu on Sept 2, 2020 21:50:24 GMT
Yeah, vote Trump guys!
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bama beau
Legend
Fish will piss anywhere. They just live in water.
Posts: 11,607
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Post by bama beau on Sept 2, 2020 22:39:07 GMT
Debt hasn't been a problem before. So I think we can safely assume it will never be a problem. Are you going to start applying your COVID illogic to everything now? Or just this? |
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Post by rabbitreborn on Sept 2, 2020 22:43:50 GMT
You know what will help pay it down? National lockdown. |
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Post by phillip on Sept 2, 2020 23:51:51 GMT
Debt hasn't been a problem before. So I think we can safely assume it will never be a problem. Are you going to start applying your COVID illogic to everything now? Or just this? There aren’t many subjects, no matter how unrelated they may be, that he doesn’t eventually start ranting about it. 😂 |
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Post by rabbitreborn on Sept 3, 2020 10:51:00 GMT
Debt hasn't been a problem before. So I think we can safely assume it will never be a problem. Are you going to start applying your COVID illogic to everything now? Or just this? I wonder what’s happened to you that you no longer understand sarcasm and parody, even when it’s absurdly obvious. Whatever it was, I’m so sorry. |
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Post by rabbitreborn on Sept 3, 2020 10:51:28 GMT
Are you going to start applying your COVID illogic to everything now? Or just this? There aren’t many subjects, no matter how unrelated they may be, that he doesn’t eventually start ranting about it. 😂 I can see why that made you laugh. It was very funny. |
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Post by Fiddler on Sept 3, 2020 13:32:30 GMT
Are you going to start applying your COVID illogic to everything now? Or just this? I wonder what’s happened to you that you no longer understand sarcasm and parody, even when it’s absurdly obvious. Whatever it was, I’m so sorry.
It's not entirely your fault.. Trump has rendered satire ineffectual ..
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Post by phillip on Sept 3, 2020 13:49:20 GMT
I wonder what’s happened to you that you no longer understand sarcasm and parody, even when it’s absurdly obvious. Whatever it was, I’m so sorry.
It's not entirely your fault.. Trump has rendered satire ineffectual ..
Who needs satire disguised as the real thing when you’ve got a clown show you legitimately wish was actually satire? |
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Deleted
Deleted Member
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Post by Deleted on Sept 3, 2020 13:57:16 GMT
And you're also going to call for us to vote out the House Democratic majority for creating this same horrendous budget deficit, right? The majority of this deficit comes from the COVID relief checks that the same leftists were screaming that we HAD to do or else.
It looks ridiculous to blame Trump when the left demanded this spending. I'm just unhappy that he keeps going along with the fiscal irresponsibility of the Democrats.
Trump will get my vote but he has failed to stop the Pelosi led Democrats from making this mess.
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Post by phillip on Sept 3, 2020 14:01:56 GMT
There you have it, it’s the House of Representatives fault even though Republicans control both the Executive Branch and the U.S. Senate. Not to mention it’s Trump that is mandating additional tens of billions in federal spending not through the signing of legislative bills but instead unilaterally through Executive Orders.
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demos
Legend
Posts: 9,214
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Post by demos on Sept 3, 2020 14:03:25 GMT
And you're also going to call for us to vote out the House Democratic majority for creating this same horrendous budget deficit, right? And you conclude this based on what? Even if you want to blame COVID, Trump has not been fiscally responsible. See here. |
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