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Status:
"Do not pass GO, do not collect $300 (used to be $200)"
(set 10 days ago)
Location: TN
600 posts, read 274,235 times
Reputation: 386
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Quote:
Originally Posted by beach43ofus
Ross Perot warned you about Big Gov't, and you laughed at his charts & graphs. If Perot was elected, big spenders like Trump & Biden would have never become Presidents.
This might be your last chance to get it right...to shrink Big Gov't & return Trillions back to the private sector.
I've told you all how, so now its up to you, & about 90M other patriots. All we have is our votes.
I don't know; it's hard to see how voting is a sufficient amount of effort to put things on a better track. Plus there's always the J.F.K. treatment as a last resort.
Oh, forgot the main comment: yes, Biden is definitely reducing the deficit, just like all those other promises...
how much of that article did you read? It's from December 2018.
you've got the url above, and then you've got the headline:
"Trump is reportedly not worried..."
"President Donald Trump reportedly dismissed a future debt crisis"
"Trump campaigned on reducing the federal debt, but sources told The Daily Beast it did not appear to be a priority"
"Trump has reportedly developed a new interest in the issue recently, however, telling Cabinet officials to work on a way to reduce the deficit."
"people close to him have reportedly said he does not see the issue of rising debt as crucial to his legacy as president."
"During a 2017 briefing with senior officials, Trump responded to a presentation of charts and graphics by saying, "Yeah, but I won't be here," according to a source The Daily Beast said witnessed the comment."
then you've got this comment:
"The GOP's new tax law is expected to add $1.5 trillion to the debt over 10 years and drive the US's exploding deficit."
if you can explain how $150B of $1T will DRIVE anything, we can talk.
And if an "exploding" deficit, that increases the debt, is important for a President's legacy - please tell us how many Dems consider "Obama's scheduled doubling of the debt" (that Congress passed) a failure of his term, a mark on his legacy?
There is exactly 1 way to reduce the debt/keep it from rising - spend less than you take in.
As I said, Obama gets a free pass for 2009 (not his budget; an unexpected massive recession he had no control over), and perhaps part of 2010 ... though recession had ended in 2009.
Come now, both parties always increase the national-debt via year over year budget deficits. I believe the national-debt has gone up every year that the USA has been in existence.
I believe that you are incorrect. Before the 1929 Depression, we basically only had deficits to fund wars, which were then reduced.
To add perspective, may I suggest expanding the time frame of gov't spending/deficits from the Trump/Biden era back to your Grandparents time? This chart takes you there:
In your Grandparents time (1930), gov't (fed+state+local) spent ~10% of GDP. In Trump & Biden's time its ~50% of GDP
Trump & Biden BOTH perpetuate the trend of gov't consuming more & more of the $'s being produced (GDP), while private citizens are getting less.
Now do you see it? Gov't is an uncontrollable parasite feeding off the private sector. Solution? Shrink gov't.
Trump & Biden are Acorn's hitting your heads, when in the grand scheme of things; the sky is falling
Big biz & rich people are not crushing the bottom 99% nearly as much as big gov't is. Are you ready to end it? Then stop voting for the same pigs.
Ross Perot warned you about Big Gov't, and you laughed at his charts & graphs. If Perot was elected, big spenders like Trump & Biden would have never become Presidents.
This might be your last chance to get it right...to shrink Big Gov't & return Trillions back to the private sector.
I've told you all how, so now its up to you, & about 90M other patriots. All we have is our votes.
you're attempting a non-partisan point in a sea of rank partisans, who can only see the blame aimed at "that other guy".
I'm not sure it can be simplified enough for them to get it, since the troubling circumstance of the government consuming an ever-growing % of GDP seems to bother none of them. Nor that the Debt is roughly equal to the GDP now.
Maybe?:
In 1930 you made $100. The government took $15 and gave you $85.
Today? You make $100 and the government takes $50, leaving you with only $50.
And the worst part is, the government "takes" its share first. So you really could have been making $200 and the government only take $30.
A budget deficit that is around 3.5% of GDP I would consider healthy enough and around the historical average. Trump did fine up until 2019. In 2019 his 4.6% deficit spending was a bit excessive.
I suspect Covid came around at the perfect time everyone knows our financial system is a house of cards and unsustainable in it's current form. The repo markets were starting to be affected late 2019 when the Central Banks tried to unwind their "assets" and 2020 Trump went into spend stupid mode during the manufactured pandemic and Biden kept it up in 2021.
Did they not think deficit spending of 15% of GDP would perhaps cause inflation combined with supply chain issues leading to less goods available?
They used covid to keep the house of cards superglued and duct taped together a few more years. They will inflate us out of this. The whole system is too large, bloated, and corrupt for it to end any different. Too many people get paid to do nothing, leading to inflation and shortages. Leaders that allow untold numbers of immigrants and refugees to come in here with no regard to long term consequences or what the public thinks about it. Then they give all these people free healthcare, free this, and free that.
Last edited by sholomar; 03-30-2022 at 07:16 AM..
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