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After pubs sweep in '20, expect the cuts to happen.
I would expect the pubes to do the same thing they have always done, which is to spend & spend even more.
Like Rand Paul said, when GOP is in power, there is no conservatives in America. Very true, because they talk conservative talking points only when they are whining in the minority.
Good luck with that. Half this country wants the government to be the center of their universe, and their primary economic driving force. Not sure there is any going back at this point, besides total and complete economic collapse/reset.
....and the other half doesn't want people to be paid a wage that matches inflation.
The right wing media and Republican establishment don’t talk about rising deficits anymore so Trump voters don’t care anymore. When Democrats get in office, then deficits will matter again! Watch the right wing media start talking about it 24/7 and Republican politicians raising the issue.
We reduced deficits from $1.4 trillion to $400 billion in a matter of few years until Trump reversed the course. There is no reason why it cant be done again.
That reduction was done by a Republican House, they then lost control of the House and the deficit ballooned again. It's what happens when you give Democrats the power of the purse every time.
That reduction was done by a Republican House, they then lost control of the House and the deficit ballooned again. It's what happens when you give Democrats the power of the purse every time.
Actually no, it started ballooning when GOP held the House, Senate and White House. Republicans need to learn to own at least some of their actions, or else thei'll always come across as raving hypocrites.
Rand Paul on Spending: "When Republicans Are In Power, There Is No Conservative Party"
SEN. RAND PAUL: When the Democrats are in power, Republicans appear to be the conservative party. But when Republicans are in power, it seems there is no conservative party.
You see, opposition seems to bring people together, and they know what they're not for. But then they get in power and they decide, we're just going to spend that money too. We're going to send that money to our friends this time.
Fed Chair Alan Greenspan issued his latest warning Tuesday about the fiscal situation in the U.S., saying that larger budget deficits ultimately will cause inflation.
The spending shortfall has surged under President Donald Trump, rising to just shy of $1 trillion in fiscal 2019.
Greenspan told CNBC that “inflation is inevitably going to rise” and pose larger threats to the economy.
The deficit has continued to swell under President Donald Trump, going from $665 billion during his first year in office in 2017 to this past year’s $984 billion, a jump of nearly 50%
Greenspan should be publicly stoned for his part in causing the great recession. He's scum.
Fed Chair Alan Greenspan issued his latest warning Tuesday about the fiscal situation in the U.S., saying that larger budget deficits ultimately will cause inflation.
The spending shortfall has surged under President Donald Trump, rising to just shy of $1 trillion in fiscal 2019.
Greenspan told CNBC that “inflation is inevitably going to rise” and pose larger threats to the economy.
The deficit has continued to swell under President Donald Trump, going from $665 billion during his first year in office in 2017 to this past year’s $984 billion, a jump of nearly 50%
It should have already risen...going to be nasty someday. To be fair, the deficit's nancy wrung up under Obama are still higher than the ones she's running up so far under Trump.
....and the other half doesn't want people to be paid a wage that matches inflation.
It's very difficult to push inflation when wages are not rising. The weak Obama "recovery" demonstrated this quite well. Wage growth is not the only thing that can cause a spike in inflation, but it's difficult to support rising costs without consumers with disposable income to spend. Since wages are the largest source of income for the masses, if you want them to support rising demand and costs, they have to have the means to do so. Many consumers have been doing like our government... Debt and spend their way to prosperity. Basically faking it until they are making it.
It's easier to pay down debt with inflated dollars. Kind of takes care of the problem itself. The fed has been pushing for inflation for the past decade, but hasn't succeeded with the puny, wimpy Obama economy. Trump appears to have succeeded in energizing the economy and setting the stage for real inflation to occur.
No....because the only thing we have been paying is interest on the debt and not the principle. The interest we pay is indexed by the FED rate of interest. If inflation starts to rise then interest rates will have to rise to combat inflation. When that happens the interest we pay on the debt actually rises. That is the big coming fear. The national debt, the aggregation of yearly deficits, is growing so large that just servicing the interest payment will eat up a greater percentage of tax revenues....meaning massive cuts in programs and or tax massive tax increases....or default.
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