Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
This suggests if Clinton and Obama had actually been able to do what they wanted the debt wouldn't be where it is -- not sure how accurate it is.
The only way to pay down debt, increase revenues and cut costs. Even having a balanced budget won't pay down the debt. It will continue to grow exponentially until more money comes in then goes out.
That's the main argument AGAINST tax cuts and FOR program cuts.
As long as we spend hundreds of billions on the military, we are not going to be able to pay down the National Debt.
Cutting programs like Food Stamps, Medicaid, Medicare ... per the current budget proposal simply won't make a big enough dent to get us to a surplus budget.
We're standing on a whale fishing for minnows.
Last edited by GotHereQuickAsICould; 10-12-2017 at 06:29 AM..
And as we veer off the original post - none of us have addressed the insane thought that our President thinks the gains in the stock market impact the debt in a positive way & that so many of his followers will believe what he is saying is true.
It's mind boggling. We live in a time where our President just makes stuff up....and then attacks the media for their fake news/lies/reports.
As long as we spend hundreds of billions on the military, we are not going to be able to pay down the National Debt.
We spend $554.5 billion on the 74.3 million enrolled in CHIP/Medicaid (that's 23% of the US population, BTW), alone (source: Kaiser Family Foundation). That averages to about $7,500/year, per enrollee. 48% of all US births are paid for by Medicaid, and those children are subsequently enrolled in CHIP/Medicaid. In fact, 43% of those enrolled in CHIP or Medicaid are under age 18. Only 9% of Medicaid enrollees are over age 65 (source: KFF). The recipients pay not one thin dime for it, unlike Medicare*, and all their medical treatment is free to them.
The freebie gravy train HAS to stop. It's sinking us. 70% of those born into poverty NEVER rise above it, not even as adults.
* (Which requires a minimum of 10 years of paid Medicare tax plus it charges premiums, deductibles, and copays, and not everything is covered)
In contrast, total military spending is $598.5 billion, which is an average of $1,853 per capita, and actually IS a Constitutional responsibility of the Fed Gov (while Medicaid is NOT).
Last edited by InformedConsent; 10-12-2017 at 06:49 AM..
We spend $554.5 billion on the 74.3 million enrolled in CHIP/Medicaid (that's 23% of the US population, BTW), alone (source: Kaiser Family Foundation). That averages to about $7,500/year, per enrollee. 48% of all US births are paid for by Medicaid, and those children are subsequently enrolled in CHIP/Medicaid. In fact, 43% of those enrolled in CHIP or Medicaid are under age 18. Only 9% of Medicaid enrollees are over age 65 (source: KFF). The recipients pay not one thin dime for it, unlike Medicare*, and all their medical treatment is free to them.
The freebie gravy train HAS to stop. It's sinking us. 70% of those born into poverty NEVER rise above it, not even as adults.
* (Which requires a minimum of 10 years of paid Medicare tax plus it charges premiums, deductibles, and copays, and not everything is covered)
In contrast, total military spending is $598.5 billion, which is an average of $1,853 per capita, and actually IS a Constitutional responsibility of the Fed Gov (while Medicaid is NOT).
"U.S. military expenditures are roughly the size of the next seven largest military budgets around the world, combined."
Are you suggesting that we drop health care for our most vulnerable citizens (children, those with disabilities) so we can continue to spend more than the combined total of the next seven largest military budgets in the world (China, Saudi Arabia, Russia, UK, India, France, and Japan)?
And as we veer off the original post - none of us have addressed the insane thought that our President thinks the gains in the stock market impact the debt in a positive way & that so many of his followers will believe what he is saying is true.
It's mind boggling. We live in a time where our President just makes stuff up....and then attacks the media for their fake news/lies/reports.
It is crazy and even Trump's own staff and supporters are calling him out, either directly or through information passed on to reporters.
Sherman wrote in Vanity Fair that people close to Trump have told him that Trump is “unstable,” “losing a step,” and “unraveling.”
Trump Thinks That Stock Market Gains Offset the National Debt
It should worry everyone that he considers the assets in the stock market as government property. It does not belong to the government, it belongs to the shareholders.
"U.S. military expenditures are roughly the size of the next seven largest military budgets around the world, combined."
How many of those countries mandate that their Federal/National Governments PROVIDE National Defense in their Constitutions (or similar)?
Quote:
Are you suggesting that we drop health care for our most vulnerable citizens (children, those with disabilities) so we can continue to spend more than the combined total of the next seven largest military budgets in the world (China, Saudi Arabia, Russia, UK, India, France, and Japan)?
No. I'm saying we scale back on Military spending, and eliminate rewarding irresponsibility.
48% of US births are paid for by Medicaid. 48%. Then those kids are enrolled in CHIP or Medicaid, and enable their households to enroll in Food Stamps, Welfare, Housing Assistance, etc., etc. 70% of them will NEVER rise above the poverty level, not even as adults. Therefore, they'll need Welfare, Food Stamps, Housing Assistance, etc., etc., taxpayer-funded public assistance program benefits for life.
Do the math. That's NOT even remotely sustainable. It'll sink us. Much like what happened to Rome when it became a welfare state: Too many taking too much, while too few contribute to fund the benefits.
It should worry everyone that he considers the assets in the stock market as government property. It does not belong to the government, it belongs to the shareholders.
Maybe these fortunate shareholders plan to step up and pay off the National Debt.
Has anyone checked?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
