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Old 10-26-2019, 03:24 PM
 
Location: USA
18,496 posts, read 9,161,666 times
Reputation: 8528

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Quote:
Originally Posted by skeddy View Post
not a problem, vote for a Democrat. free healthcare, free college, free $1,000 a month UBI. If it's free, that means it won't effect the budget, right?
We bailed out corporations. Why not individuals?
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Old 10-26-2019, 03:26 PM
 
45,226 posts, read 26,450,499 times
Reputation: 24984
Quote:
Originally Posted by Freak80 View Post
We bailed out corporations. Why not individuals?
Because neither should be bailed out. Do you have any idea what a moral hazard is?
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Old 10-26-2019, 03:36 PM
 
51,653 posts, read 25,819,464 times
Reputation: 37889
This is a few months old, but seems pertinent to a discussion of how the deficit has been on the rise for three straight years.

https://twitter.com/greenacres1956/s...02195112452097
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Old 10-26-2019, 03:39 PM
 
Location: Santa Monica
36,853 posts, read 17,363,818 times
Reputation: 14459
Quote:
Originally Posted by Frank DeForrest View Post
Because neither should be bailed out. Do you have any idea what a moral hazard is?
If I hire goons and never have to draw the weapon from my own holster the armed robbery never happened.

*dusts off hands*
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Old 10-26-2019, 03:49 PM
 
Location: NE Mississippi
25,575 posts, read 17,293,027 times
Reputation: 37329
Quote:
US budget deficit hits $984 billion, highest in 7 years.
Since Bush had a deficit of only 161B in 2007, does that make him a better President?
Since Obama had a deficit of 1300B in 2011, does that make him more irresponsible than Trump?


Build The Wall.
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Old 10-26-2019, 03:59 PM
 
13,692 posts, read 9,011,664 times
Reputation: 10409
Quote:
Originally Posted by Listener2307 View Post
Since Bush had a deficit of only 161B in 2007, does that make him a better President?
Since Obama had a deficit of 1300B in 2011, does that make him more irresponsible than Trump?


Build The Wall.

Ah, but what was the debt in 2012? 2013?
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Old 10-26-2019, 04:54 PM
 
Location: Long Island
57,294 posts, read 26,217,746 times
Reputation: 15645
Quote:
Originally Posted by Winterfall8324 View Post
The government doesn't work like a household strapped for cash.


Deficits are good for job growth. The reason the economic recovery was so stagnant was because Obama and the republicans were deficit hawks.

Trump, despite republican hypocrisy, has stopped his administration from falling apart by promoting budget deficits.

If we didn't have deficits we'd be in a recession right now.

Also private business has nothing to do with government monetary policy, capital is not invested/created the same way.
But the GOP shut down the government over prior deficits but now they’re are good, increasing deficit in a hot economy is good. Trumps advisers don’t have the slightest idea, the 2017 cut was a temporary bump and just made a bad situation worse. Sure some deficits are good but 4% of GDP is a disaster waiting to happen.
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Old 10-26-2019, 05:15 PM
 
Location: Minneapolis, MN
10,244 posts, read 16,375,702 times
Reputation: 5309
Trump is quickly becoming the most fiscally irresponsible president in US history.
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Old 10-26-2019, 05:25 PM
 
Location: Manchester NH
15,507 posts, read 6,432,565 times
Reputation: 4831
Quote:
Originally Posted by Goodnight View Post
But the GOP shut down the government over prior deficits but now they’re are good, increasing deficit in a hot economy is good. Trumps advisers don’t have the slightest idea, the 2017 cut was a temporary bump and just made a bad situation worse. Sure some deficits are good but 4% of GDP is a disaster waiting to happen.
oh I 100% agree.

Republicans are massive hypocrites and were co-responsible for the massive budget cuts that lead to home evictions and the bailouts that stabilized the fractional reserve credit system.

People like Paul Ryan are awful. Democrats shouldn't fall for the 'fiscal conservatism' Obama and house republicans sold them.
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Old 10-26-2019, 05:34 PM
 
Location: Eastern NC
20,868 posts, read 23,558,348 times
Reputation: 18814
Quote:
Originally Posted by DRob4JC View Post
How much has been spent on impeachment? In most normal years, impeachment would not be part of the equation.
Not as much as on golf trips!
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