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Curious as to what people think is enough spending by the Federal Government? How many trillions do we need to spend on various projects such as infrastructure, ending poverty, helping minorities, paying people not to work, forced education, etc.
At what point do we start to focus more on paying down the debt, rather than spending more to get votes?
I'm not sure Liberals and RINO's realize the debt is unsustainable and will crash this house of cards in a nightmare worse than anyone can imagine.
Of course if this house of cards crashes while a Republican is in office, Democrats will just blame the Republican for it and take no responsibility for how we got there at all. Just like Democrats will blame the 2023 recession on Republicans taking Congress in the 2022 election, even though every economic indicator and every economist now agree we are going to have a recession at the end of 2022 or in 2023.
Any additional spending is inflationary, because the money will be created out of thin air. All Americans that are billionaires have a net worth of 2.1 trillion, so if we go full comrade it can't fix the unsustainable debt burden.
Curious as to what people think is enough spending by the Federal Government? How many trillions do we need to spend on various projects such as infrastructure, ending poverty, helping minorities, paying people not to work, forced education, etc.
At what point do we start to focus more on paying down the debt, rather than spending more to get votes?
I'm not sure Liberals and RINO's realize the debt is unsustainable and will crash this house of cards in a nightmare worse than anyone can imagine.
Of course if this house of cards crashes while a Republican is in office, Democrats will just blame the Republican for it and take no responsibility for how we got there at all. Just like Democrats will blame the 2023 recession on Republicans taking Congress in the 2022 election, even though every economic indicator and every economist now agree we are going to have a recession at the end of 2022 or in 2023.
We can't really place a number on "how much is enough", but the answer is we have far exceeded the threshold. I'm sure there were some who needed a "stimulus payment" but it wasn't everybody and there was no filtering done at all. And then they did it again.
Referring to Republicans as RINOs when they spend too much constitutes a misunderstanding of history and definition. Republicans (and even many "conservatives") worship the State almost as much as Democrats do in practice, so "smaller government" in practice tends to mean 'smaller in comparison to that which is preferable to those who merely desire more government than they do' or 'smaller government when I disagree with the outcome(s).' True story.
For ALL gov't, local, state, and feds, 10% of GDP is enough. We are at 46% & rising.
The fed gov't employees total comp package was worth $126k, as of a few years ago, which is ~2x the median non-gov't median income.
When fed gov't employees make 2x what the rest of us make, that is a massive red flag. Where does it stop? 3x, 4x 10x?
Plus, most can never be downsized, right-sized, layed off, fired, merger & acquisitioned, or disguarded due to being 50+, like the rest of us.
Gov't corruption is costing us Billions too...maybe Trillions. Who is going to report it...the gov't?
Rand Paul for President 2024...only person w/ any name recognition who has voted down almost ALL of this insane spending.
I worked for the federal government and retired from there, but you forgot about affirmative action and unqualified promotions just to reach quotas. And yes, it's happening in the agencies that you might think would demand the highest qualified people.
If so, then the answer is easy and obvious: There will never be enough government spending. No matter how much the govt spends in year 20xx, the liberals in year 20xx+1 will say they need more. Every time.
There a basic misunderstanding about how fractional reserve banking and modern monetary theory and quantitative easing operate when asking these questions. There is no practical debt limit when central banks will buy up all the government's bonds if necessary.
It all comes down to how angry they make their constituents from the amount of inflation they generate from needless and reckless creation of money.
Our federal debt typically goes up between 5-7% of any given year's GDP if you look back historically. During covid they got fairly ridiculous and went overboard, causing inflation.
There is no paying down this debt. It's just numbers on a computer screen and can be wiped away with a simple computer entry, at least the portion held by central banks, as I've mentioned before, which is becoming an ever growing share of the total percentage.
This is the new post 2008 normal. It will work until human nature screws it up, or until it doesn't. There is no perfect system.
Also... debt is money, money is debt. Only the interest money that has to be paid back doesn't exist... which is why rates have been super low for so long. Now they are going to combine QE with higher interest rates which should be a rather interesting little experiment to try.
We also have the matter of increasing numbers of welfare parasites, and people who take from the system without contributing. That increased burden adds to the pressure to spend, which will create more inflation going forward. Birth rates are down, the numbers of elderly are increasing, the number of younger people on disability is at all time highs percentage-wise, and many of the immigrants they try to import end up on the dole as well. As mentioned above there are also ever growing numbers of "token minority" or "paper pusher" jobs where they pay people to do very little and this is also a parasitic burden. Crypto tards, stock investors, and other people who make money from "having money" also add to the parasitic burden. (top and bottom suck from the middle)
In my opinion it's not really sustainable without inflation rates approaching 5-10% basically permanently. Don't count on republicans to "save the day" and balance the budget. Not going to happen. Ever. The future will be permanently higher real estate costs more in line with Europe, and a reduced standard of living compared to what we are used too for the middle and upper middle classes.
“Reagan proved that deficits don’t matter,” — Dick Cheney (2003)
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