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Old 10-18-2021, 01:06 PM
 
Location: Fiorina "Fury" 161
3,531 posts, read 3,732,527 times
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Quote:
Originally Posted by EDS_ View Post
The last balanced budget seen in The US was due to republicans in the house.
And the world didn't implode when the country had one.
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Old 10-18-2021, 01:25 PM
 
19,790 posts, read 18,079,394 times
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Quote:
Originally Posted by RoyaleWithCheese View Post
You are making that game easy by complaining about spending. Republicans and Democrats both have no record of reducing spending. Prior to the Covid pandemic, Trump did increase federal spending. Of course, that skyrocketed when the pandemic hit and one may or may not wish to "blame" Trump for that (the Democrats cant really and Republicans wouldnt because its their party). One thing I find interesting is that under Trump many pandemic initiatives were implemented and not ended. But I hear Republicans now blaming Biden for things Trump initiated and didnt end. Would Trump have ended them by now or quicker than Biden? I do not know the answer to that. I think spending without restriction is no longer a partisan matter, neither party has any fiscal discipline.
At the risk of repeating myself you are caught up in emotion or some other entanglement leading you to miss what is actually going on now.


Right now we have republicans trying to hold the line to some degree on spending while most democrats are ready to inject another $3.5 trillion into all manner of things........re-writing the dictionary while at it.

So to anyone paying attention the republicans have more fiscal discipline than the democrats.
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Old 10-18-2021, 01:32 PM
 
2,612 posts, read 929,160 times
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Quote:
Originally Posted by EDS_ View Post
At the risk of repeating myself you are caught up in emotion or some other entanglement leading you to miss what is actually going on now.

Right now we have republicans trying to hold the line to some degree on spending while most democrats are ready to inject another $3.5 trillion into all manner of things........re-writing the dictionary while at it.

So to anyone paying attention the republicans have more fiscal discipline than the democrats.
I am in no way emotional about this form of politics. It would have been nice if the Republicans would have found this fiscal discipline when Trump was President instead of suddenly becoming deficit hawks when a Democrat is in the Oval Office.

At the end of the day, both parties are just negotiating how much each of them will get to spend for their buddies in this bill and any bill. There is no interest in cutting spending by either party.
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Old 10-18-2021, 03:06 PM
 
3,259 posts, read 3,770,124 times
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Quote:
Originally Posted by WRM20 View Post
First off, there's no way the US is not going to run a deficit. Not going to happen, can't, in fact, happen right now.
Well, it *can* but it would require a lot of people living a lifestyle they might not like so much.

I agree it isn't gonna happen anytime soon if ever again, but it certainly could.
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Old 10-18-2021, 03:06 PM
 
19,790 posts, read 18,079,394 times
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Quote:
Originally Posted by RoyaleWithCheese View Post
I am in no way emotional about this form of politics. It would have been nice if the Republicans would have found this fiscal discipline when Trump was President instead of suddenly becoming deficit hawks when a Democrat is in the Oval Office.

At the end of the day, both parties are just negotiating how much each of them will get to spend for their buddies in this bill and any bill. There is no interest in cutting spending by either party.

Ok then you a simply aren't thinking this though.
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Old 10-18-2021, 03:27 PM
 
15,432 posts, read 7,487,193 times
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Quote:
Originally Posted by Free-R View Post
And the world didn't implode when the country had one.
That was a time where military spending dropped by 40% or so due to the fall of the Iron Curtain, and tax receipts were way up due to the dot com boom. Those conditions don't exist right now. There's no way the Republicans will allow military spending to be cut much if at all, and tax receipts are not going to be growing much either.
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Old 10-18-2021, 04:15 PM
 
19,790 posts, read 18,079,394 times
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Quote:
Originally Posted by WRM20 View Post
That was a time where military spending dropped by 40% or so due to the fall of the Iron Curtain, and tax receipts were way up due to the dot com boom. Those conditions don't exist right now. There's no way the Republicans will allow military spending to be cut much if at all, and tax receipts are not going to be growing much either.
I'm not really sure what you are talking about. However, military spending as a percentage of GDP as been on a gentle up and down, but mostly down slide since 1967 (9.42% of GDP in 1967...about 3.50% of GDP in 2020).
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Old 10-18-2021, 05:26 PM
 
2,612 posts, read 929,160 times
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Quote:
Originally Posted by EDS_ View Post
I'm not really sure what you are talking about. However, military spending as a percentage of GDP as been on a gentle up and down, but mostly down slide since 1967 (9.42% of GDP in 1967...about 3.50% of GDP in 2020).
I am not sure why the government gets to spend things as a % of GDP. What percent of our countries product is the US government entitled to waste? The US government spends about $1 trillion a year while it is located in a geographic area that should allow the US to spend drastically less on the military. But military spending enjoys bipartisan support since it is the biggest corruption fund on earth. Not a single person who doesnt wish to drastically cut military spending has any credibility when making a case that they want the government to reduce spending. The amount of fat you can cut from the military budget is staggering.

I think it is very convenient to pretend that the Republicans are holding the line on government spending when they didnt make any attempt to do so under Trump. It is all a show.
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Old 10-18-2021, 05:39 PM
 
19,790 posts, read 18,079,394 times
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Quote:
Originally Posted by RoyaleWithCheese View Post
I am not sure why the government gets to spend things as a % of GDP. What percent of our countries product is the US government entitled to waste? The US government spends about $1 trillion a year while it is located in a geographic area that should allow the US to spend drastically less on the military. But military spending enjoys bipartisan support since it is the biggest corruption fund on earth. Not a single person who doesnt wish to drastically cut military spending has any credibility when making a case that they want the government to reduce spending. The amount of fat you can cut from the military budget is staggering.

I think it is very convenient to pretend that the Republicans are holding the line on government spending when they didnt make any attempt to do so under Trump. It is all a show.

Expressing spending relative to GDP allows useful international spending comparisons for one thing and easy means to compare spending relative to the economy over time.

You not understating that brings our conversation to a close other than to say, I'm not a fan of left wing dreamers all they do is dream up ways why and how other people should pay for things they want. I'm even less a fan of luddite conservatives. Libertarian style isolationism, which is part of what gutting the military would yield is worse.
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Old 10-18-2021, 05:44 PM
 
Location: Midwest
9,419 posts, read 11,162,803 times
Reputation: 17916
Quote:
Originally Posted by jnojr View Post
The consequences of reaching a "debt ceiling" are always pretty severe. But the answer isn't to "Just raise the ceiling!" The answer is to spend less and pay your debt down. Unless you're the U.S. Government.
Yup.
Anyway, I'm against anything she's for. She's a maroon. Loves the Venezuela model.
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