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Old 12-26-2017, 06:54 AM
 
Location: Long Island
57,411 posts, read 26,339,824 times
Reputation: 15709

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Quote:
Originally Posted by evilnewbie View Post
9 trillion last EIGHT year and liberals argued FOR the deficit and Keynesian economics where liberals argue that debt is good... 1.5 trillion in TEN years and the sky is falling.... idiots...
Your adding in the effects of the recession, the only bill passed was the Stimulus and like I said there was some rational reason behind the bill. So make your case as to why we need a $1.5T, if $8B was bad for the country why is this a necessity.


That doesn't even include the spending bill that they. have been kicking a few weeks at a time
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Old 12-26-2017, 06:57 AM
 
Location: Salisbury,NC
16,766 posts, read 8,239,624 times
Reputation: 8539
Quote:
Originally Posted by T-310 View Post
No it didn’t. Housing starts were the worse in decades. That is usually an indicator of how the economy is doing. And it intensely sucked.
Right, banks were made to actually check if people could afford the loan.
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Old 12-26-2017, 06:59 AM
 
Location: SE Asia
16,236 posts, read 5,899,436 times
Reputation: 9117
Quote:
Originally Posted by Goodnight View Post
Your adding in the effects of the recession, the only bill passed was the Stimulus and like I said there was some rational reason behind the bill. So make your case as to why we need a $1.5T, if $8B was bad for the country why is this a necessity.


That doesn't even include the spending bill that they. have been kicking a few weeks at a time
To answer your question. Debt without ability to repay it is bad. Always was and always will be. It is also habit forming. Obama blew through over 9 trillion, that is his greatest legacy. He out spent all presidents before him combined.
Now it has become a habit for both parties and is laughable when either complains about it. Neither party intends to stop. There is simply to much wealth to be gained by our elected reps to stop.
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Old 12-26-2017, 07:05 AM
 
Location: Salisbury,NC
16,766 posts, read 8,239,624 times
Reputation: 8539
During WW II their was a good reason to increase taxes on the wealthy to 90% and with a lot of incentives.

Might be that time again as we get ready for this war the POTUS and staff believe will be happening. Maybe we should be paying for those wars that are still going on also. Their are corporations making billions on these wars, it's time for them to pay up.
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Old 12-26-2017, 07:08 AM
 
20,187 posts, read 23,890,561 times
Reputation: 9284
Quote:
Originally Posted by Boss View Post
The problem with this nonsense of course is the GOP will not limit themselves to that 1.5. When the Tax bill was signed by the POTUS, he also signed a 7 b EO for Pentagon funding. No that number of 1.5 is gone already.
Still way, way, way short and sky still has not fallen...
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Old 12-26-2017, 07:10 AM
 
Location: Florida
76,971 posts, read 47,731,758 times
Reputation: 14806
It's strange they claim the economy is doing great and at the same time they say we need a stimulus. We already know from past tax cuts, that their effects were temporary. If the effects were permanent, new cuts would not be needed. Even a huge part of the 2009 stimulus was a tax break.
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Old 12-26-2017, 07:11 AM
 
20,187 posts, read 23,890,561 times
Reputation: 9284
Quote:
Originally Posted by Goodnight View Post
Your adding in the effects of the recession, the only bill passed was the Stimulus and like I said there was some rational reason behind the bill. So make your case as to why we need a $1.5T, if $8B was bad for the country why is this a necessity.


That doesn't even include the spending bill that they. have been kicking a few weeks at a time
You loved the 9 TRILLION... don’t blame the recession for what you loved... the economy was okay how many years ago? When did the recession end? How many Trillions after that... the economy was fine, right? Guess that didn’t matter either...
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Old 12-26-2017, 07:11 AM
 
1,721 posts, read 1,150,750 times
Reputation: 1036
Quote:
Originally Posted by T-310 View Post
No it didn’t. Housing starts were the worse in decades. That is usually an indicator of how the economy is doing. And it intensely sucked.
Let’s ignore the stock market hitting record highs after it, unemployment rates decreasing, job reports improving, housing market doing well

So are we going to ignore that 2016 wasn’t a better economy than 2008/2009?
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Old 12-26-2017, 07:11 AM
 
Location: Florida
76,971 posts, read 47,731,758 times
Reputation: 14806
Quote:
Originally Posted by evilnewbie View Post
9 trillion last EIGHT year and liberals argued FOR the deficit and Keynesian economics where liberals argue that debt is good... 1.5 trillion in TEN years and the sky is falling.... idiots...
Hmmm...GOP has controlled the purse for the last 7 years

In February Ran Paul made a speech to his fellow Republicans blasting them for their spending plan which will increase the debt by 9 trillion in the next 10 years, to this 1.5 trillion is on top of that.
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Old 12-26-2017, 07:11 AM
 
Location: Palo Alto
12,149 posts, read 8,433,258 times
Reputation: 4190
Quote:
Originally Posted by T-310 View Post
No it didn’t. Housing starts were the worse in decades. That is usually an indicator of how the economy is doing. And it intensely sucked.
With an aging, shrinking population (net of illegal immigrants), one would expect total housing starts to decline. Statistics need to be looked at in context. I get an email list of investment properties from across the country. There are homes for sale in decent condition that sell for $35,000 in parts of the country.
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