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Old 07-11-2019, 04:37 PM
 
3,930 posts, read 2,099,627 times
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https://www.reuters.com/article/us-u...-idUSKCN1U62GS

Faster than expected. But where are all the Tea Party members and budget deficit hawks
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Old 07-11-2019, 04:41 PM
 
3,372 posts, read 1,567,820 times
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Originally Posted by Beach Sportsfan View Post
https://www.reuters.com/article/us-u...-idUSKCN1U62GS

Faster than expected. But where are all the Tea Party members and budget deficit hawks

There is no plan to control the deficit or the debt. They are both a runaway train at this point in time. The United States is the largest debtor nation in the history of the world. And once people start to lose confidence in all of the magic tricks performed by the Fed, watch out below. Big fiscal problems to come before the 2020 election starts......
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Old 07-11-2019, 04:42 PM
 
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Yes, we need to cut spending, by a lot. Is that what you wanted to hear?
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Old 07-11-2019, 05:06 PM
 
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Originally Posted by neko_mimi View Post
Yes, we need to cut spending, by a lot. Is that what you wanted to hear?
Great, let's start with the military and farm subsidies.
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Old 07-11-2019, 05:15 PM
 
Location: NMB, SC
43,142 posts, read 18,298,681 times
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Originally Posted by Beach Sportsfan View Post
https://www.reuters.com/article/us-u...-idUSKCN1U62GS

Faster than expected. But where are all the Tea Party members and budget deficit hawks
Are you joking ? Talk today from the presidential hopefuls is reparations, free college, free home purchase deposits, medicare for all, forgiveness of student loans, and on and on.

It's all spend, spend and let's spend some more.

And not one of them has dared address the budget or how to reign it in.
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Old 07-11-2019, 05:19 PM
 
Location: Phoenix
30,392 posts, read 19,184,321 times
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Originally Posted by Beach Sportsfan View Post
https://www.reuters.com/article/us-u...-idUSKCN1U62GS

Faster than expected. But where are all the Tea Party members and budget deficit hawks
It's sad that Americans don't want to balance the budget....that's both parties that offer candy for votes to raise the deficit and send the bill to our illegal immigrants grandkids.
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Old 07-11-2019, 05:19 PM
 
Location: Myrtle Creek, Oregon
15,293 posts, read 17,696,491 times
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Originally Posted by heart84 View Post
There is no plan to control the deficit or the debt. They are both a runaway train at this point in time. The United States is the largest debtor nation in the history of the world. And once people start to lose confidence in all of the magic tricks performed by the Fed, watch out below. Big fiscal problems to come before the 2020 election starts......
It's not a problem. A decade of hyperinflation will cut the value of the dollar by 90% and do the same to the national debt. We have already done it once, and can do it once or twice more. It worked for the Romans three times before the coins had the same intrinsic value that paper money does today.
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Old 07-11-2019, 05:20 PM
 
1,893 posts, read 1,011,441 times
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Originally Posted by Beach Sportsfan View Post
https://www.reuters.com/article/us-u...-idUSKCN1U62GS

Faster than expected. But where are all the Tea Party members and budget deficit hawks
hypocrites don't care as long as the POTUS isn't a minority (AA or female)....
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Old 07-11-2019, 05:22 PM
 
3,372 posts, read 1,567,820 times
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Originally Posted by Larry Caldwell View Post
It's not a problem. A decade of hyperinflation will cut the value of the dollar by 90% and do the same to the national debt. We have already done it once, and can do it once or twice more. It worked for the Romans three times before the coins had the same intrinsic value that paper money does today.
Central banks are deathly afraid of deflation. They love inflation. And is the reason I invest in tangible physical assets......
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Old 07-11-2019, 06:10 PM
 
41,813 posts, read 51,080,948 times
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Originally Posted by Drewjdeg View Post
..........and farm subsidies.

There is clearly issues that can be addressed with the farm subsidies but understand their primary purpose which is to insure a cheap and stable food supply. Farming is not like most industries where the supply and demand is easily controlled. Prior to subsidies if there was good growing season the farmer had plenty of product to sell but it had little value, during a poor growing season it was high value product with very little to sell.



The subsidies guarantee over production insuring a plentiful food supply and low prices during poor growing seasons. Without them production will be curtailed, at some point prices will sky rocket and there will be shortage of food.
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