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  • Nov 9, 2020, 12:02 PM
    talaniman
    My best efforts are limited and inadequate, as are those of most individuals or even charities to address the great need that is prevalent, and do believe as a nation we should be willing to do what we can to protect those through no fault of their own fall short of helping themselves, or have the least.

    I'll be honest I hate disclosing the time I've put in with church and civic groups mostly because it's a very personal thing between me and the God that I'm learning to understand. I hope YOU understand and don't bet against me and my paltry efforts, I'm doing the best I can with what I have.
  • Nov 9, 2020, 12:15 PM
    jlisenbe
    I'm not trying to insult you. I'm trying to get you to understand that when we allow our stupid fed govt to go out and borrow multiple trillions of dollars to meet the budget, then it is no different than us going out and borrowing the money personally. And if we continue to allow these crooked, despicable pols to get away with it, then we are as dumb as they are. No one here would borrow money to give to charity, but that's what you expect our govt to do in our name. That is not sound thinking.

    If we want it, then let's pay for it. To put it on the backs of our children and grandchildren is the most cowardly, sickening, pathetic approach to government I can possibly imagine. It is a game of fantasy that will have terrible consequences.
  • Nov 9, 2020, 12:23 PM
    Wondergirl
    Quote:

    Originally Posted by jlisenbe View Post
    No one here would borrow money to give to charity, but that's what you expect our govt to do in our name. That is not sound thinking.

    Other Americans and I pay taxes (income taxes, payroll taxes, sales taxes, and real estate taxes) with the trust that the money will be used to help everyone, both rich and poor -- e.g., building and repairing streets and roads/bridges, national defense, Social Security and health care, interest on the national debt, education, transportation, and law enforcement.
  • Nov 9, 2020, 02:17 PM
    jlisenbe
    Quote:

    Other Americans and I pay taxes (income taxes, payroll taxes, sales taxes, and real estate taxes) with the trust that the money will be used to help everyone, both rich and poor -- e.g., building and repairing streets and roads/bridges, national defense, Social Security and health care, interest on the national debt, education, transportation, and law enforcement.
    I get that, and I basically agree with you to a large extent. HOWEVER, they are spending our tax money, and then they are borrowing out the wazoo as well, and this coming year has all the potential to be a nightmare in that regard. Now if a person cares nothing about the future, then that plan is fine, but if you want to leave a bright future for your children and grandchildren, then you cannot ignore this.

    One more point. The federal government has no mandate to provide for individuals. It's mandate is to do that which helps everyone.
  • Nov 9, 2020, 03:59 PM
    Athos
    Quote:

    Originally Posted by Wondergirl View Post
    Other Americans and I pay taxes (income taxes, payroll taxes, sales taxes, and real estate taxes) with the trust that the money will be used to help everyone, both rich and poor -- e.g., building and repairing streets and roads/bridges, national defense, Social Security and health care, interest on the national debt, education, transportation, and law enforcement.

    Everything you say is true, but the now-dismissed-toddler-in-chief supporters will come back with decrying the increase in the national debt because of such an "unfair" tax burden or spending or whatever the reason du jour happens to be.

    However, they always fail to note that the debt has INCREASED enormously under Trump and the Republicans, even before the pandemic. Much of Trump's increase has been the result of his massive reduction in taxes for the wealthiest people in the nation.
  • Nov 9, 2020, 04:42 PM
    Athos
    Quote:

    Originally Posted by talaniman View Post
    My best efforts are limited and inadequate, as are those of most individuals or even charities to address the great need that is prevalent, and do believe as a nation we should be willing to do what we can to protect those through no fault of their own fall short of helping themselves, or have the least.

    These words or something very like them are inscribed at the heart of every religion in the world. The Scrooges of the world who see only the cost will always be with us.
  • Nov 9, 2020, 04:50 PM
    talaniman
    Actually they don't borrow they sell bonds just like cities do for capital projects and private sector companies.
  • Nov 9, 2020, 05:35 PM
    Athos
    Quote:

    Originally Posted by talaniman View Post
    Actually they don't borrow they sell bonds just like cities do for capital projects and private sector companies.

    Tal, I tried to send you a private message but your inbox is at capacity and needs to be cleared.
  • Nov 9, 2020, 07:18 PM
    paraclete
    The process is simple, the pigs with their snout in the trough keep snorting for more food and the fatter they grow the more their hunger increases. Fat little piggies get a higher price at market
  • Nov 9, 2020, 08:33 PM
    jlisenbe
    Quote:

    Actually they don't borrow they sell bonds just like cities do for capital projects and private sector companies.
    No, they don't. It's not at all the same. Municipal bonds are for set periods and get paid back in the same sense that you pay your house mortgage, and they are generally used to fund special projects like schools or road construction. The feds use it simply to fund day to day operations, and no one pretends that they plan on paying back the fed debt. It's borrowed money on which they merely pay interest. That's why fed debt, as a percentage of GDP, has risen from around 30% in 1980 to its current 136% and rising fast. It's your kind of excuse making that must stop before the public will get the courage, if it ever does, to force a stop to it. It is cowardice on an enormous scale on our parts. We want to spend the money without paying the taxes. All gain and no pain for today and the heck with tomorrow.
  • Nov 9, 2020, 09:04 PM
    paraclete
    borrowing long to pay day to day expenses is always a recipe for disaster, sooner or later you will have to repudiate the national debt and become a banana republic
  • Nov 9, 2020, 09:41 PM
    jlisenbe
    Quote:

    borrowing long to pay day to day expenses is always a recipe for disaster, sooner or later you will have to repudiate the national debt and become a banana republic
    We're not in this alone, if that's any consolation. Many European nations are following a similarly insane path as is Japan.
  • Nov 9, 2020, 09:53 PM
    paraclete
    Quote:

    Originally Posted by jlisenbe View Post
    We're not in this alone, if that's any consolation. Many European nations are following a similarly insane path as is Japan.

    Yes I know and we have increased debt to pay for CV19 programs. In one year we have gone from surplus to mortgaging the next generation. It is insane but then politicians of all persuasions have to look good
  • Nov 10, 2020, 03:47 AM
    Athos
    Quote:

    Originally Posted by paraclete View Post
    borrowing long to pay day to day expenses is always a recipe for disaster, sooner or later you will have to repudiate the national debt and become a banana republic

    Not always. The US incurred a tremendous debt to pay for WW2 which was not repudiated and did not result in the US becoming a banana republic.
  • Nov 10, 2020, 04:58 AM
    paraclete
    Quote:

    Originally Posted by Athos View Post
    Not always. The US incurred a tremendous debt to pay for WW2 which was not repudiated and did not result in the US becoming a banana republic.

    I'm talking about the path you are now on
  • Nov 10, 2020, 05:43 AM
    jlisenbe
    Quote:

    The US incurred a tremendous debt to pay for WW2 which was not repudiated and did not result in the US becoming a banana republic.
    What Athos forgot to tell you was this. During both World Wars and the Great Depression, national debt rose, but then fell precipitously because we had enough sense to know that incurring debt during good economic times was stupid. The explosion of debt over the past forty years is unprecedented, and deficit spending every year, year after year, is now considered the norm. The next four years are going to be disastrous in that regard. Neither party is willing to take a stand for fiscal sanity, and no one seems to believe that having a plan to pay for new expenditures has any real importance.

    https://en.wikipedia.org/wiki/Nation..._Sep._2020.png
  • Nov 10, 2020, 06:22 AM
    Athos
    Quote:

    Originally Posted by paraclete View Post
    I'm talking about the path you are now on

    Ok, but that's not what you said initially.
  • Nov 10, 2020, 11:21 AM
    talaniman
    Quote:

    Originally Posted by jlisenbe View Post
    What Athos forgot to tell you was this. During both World Wars and the Great Depression, national debt rose, but then fell precipitously because we had enough sense to know that incurring debt during good economic times was stupid. The explosion of debt over the past forty years is unprecedented, and deficit spending every year, year after year, is now considered the norm. The next four years are going to be disastrous in that regard. Neither party is willing to take a stand for fiscal sanity, and no one seems to believe that having a plan to pay for new expenditures has any real importance.

    https://en.wikipedia.org/wiki/Nation..._Sep._2020.png

    Thank FDR for that with his social and fiscal policy.

    Quote:

    Originally Posted by Athos View Post
    Not always. The US incurred a tremendous debt to pay for WW2 which was not repudiated and did not result in the US becoming a banana republic.

    Economic stimulus has spurred growth and bananas are tasty, but our republic doesn't need them to thrive and survive during a crisis or any other obstacle.
  • Nov 10, 2020, 11:23 AM
    jlisenbe
    Quote:

    Thank FDR for that with his social and fiscal policy.
    FDR increased the national debt every year he served.
  • Nov 10, 2020, 11:25 AM
    talaniman
    So did the dufus so what's your point?
  • Nov 10, 2020, 01:09 PM
    jlisenbe
    THAT DEFICIT SPENDING DURING GOOD ECONOMIC TIMES IS A TERRIBLE IDEA!! Repub pres and dem House, and neither did anything to stop it. You, of course, only mentioned Trump, but now you have a pres who has stated he is going to start a number of pricey new spending initiatives to be funded by an altogether insufficient tax increase, so we will good from very bad to much worse.

    So to say it again, anyone who turns a blind eye to a record and still growing national debt just doesn't give a daxn about the country they will leave to their kids and grandkids. It's pathetic.
  • Nov 10, 2020, 02:01 PM
    paraclete
    Quote:

    pathetic.
    yes that's the word and that makes all politicians who support it pathetic
  • Nov 10, 2020, 03:35 PM
    talaniman
    Quote:

    Originally Posted by jlisenbe View Post
    THAT DEFICIT SPENDING DURING GOOD ECONOMIC TIMES IS A TERRIBLE IDEA!! Repub pres and dem House, and neither did anything to stop it. You, of course, only mentioned Trump, but now you have a pres who has stated he is going to start a number of pricey new spending initiatives to be funded by an altogether insufficient tax increase, so we will good from very bad to much worse.

    So to say it again, anyone who turns a blind eye to a record and still growing national debt just doesn't give a daxn about the country they will leave to their kids and grandkids. It's pathetic.

    Please elaborate given this is hardly good economic times for everybody and a pandemic rages on. Aren't you ignoring the plight of the sick and dying and poor? One way to pay for stuff is growing the economy through stimulus spending such as we did during the bank and auto bailouts and shovel ready projects which yield not just a profit but created jobs and infrastructure improvements.

    Maybe you can argue the Biden tax increase proposals insufficient, but I would argue the Repub tax cuts as excessive.
  • Nov 10, 2020, 04:05 PM
    jlisenbe
    Quote:

    Please elaborate given this is hardly good economic times for everybody and a pandemic rages on. Aren't you ignoring the plight of the sick and dying and poor? One way to pay for stuff is growing the economy through stimulus spending such as we did during the bank and auto bailouts and shovel ready projects which yield not just a profit but created jobs and infrastructure improvements.
    Blah, blah, blah. Always an excuse to engage in deficit spending. We have never had debt this high, not even in WW2, so I'll just say it again. Any adult who makes excuses for this foolishness just doesn't care one whit about his/her children or grandchildren.

    As to the unemployed, there are about 13 million of them. We could write each one a check for 15 thousand dollars each, and only spend about 200 billion dollars. The idiot dems in Congress want to spend 15 times more than that. It's all lunacy.

    Quote:

    Maybe you can argue the Biden tax increase proposals insufficient, but I would argue the Repub tax cuts as excessive.
    Neither one made much difference. Trump's tax cuts amounted to about 25% of his deficits, and Bidens' tax increases, though it is still early to say, will cover perhaps 10 to 20% of his deficit. Revenues are not the problem, it's absolute runaway spending that has no constraints at all.

    It's sad to see a perfectly intelligent person like you so committed to liberal dem orthodoxy that you can't even recognize what's right in front of your face.
  • Nov 10, 2020, 04:13 PM
    Wondergirl
    Quote:

    Originally Posted by jlisenbe View Post
    Blah, blah, blah. Always an excuse to engage in deficit spending. We have never had debt this high, not even in WW2

    The U.S. national debt has ballooned under the administration of President Donald Trump, increasing by nearly $7 trillion in less than four years.
  • Nov 10, 2020, 04:17 PM
    jlisenbe
    Quote:

    The U.S. national debt has ballooned under the administration of President Donald Trump, increasing by nearly $7 trillion in less than four years.
    The debt under Trump was at 2.3 trillion after 2019, so I don't think your figure is correct. And of course you mention Trump but not Obama, but I don't care. Deficit spending is a terrible idea that has gotten completely out of hand. The dem Congress is as responsible for all of this as Trump is, so they are all guilty to me. I don't care if it's repub or dem, it's a terrible practice. I do know that combining Harris/Biden with a dem House is a recipe for disaster.

    http://www.polidiotic.com/by-the-num...2F03%2F2019%29
  • Nov 10, 2020, 04:22 PM
    Wondergirl
    Quote:

    Originally Posted by jlisenbe View Post
    The debt under Trump was at 2.3 trillion after 2019, so I don't think your figure is correct.

    I consulted several unrelated sources. Trump outdid himself during the past year.
  • Nov 10, 2020, 04:24 PM
    jlisenbe
    Quote:

    I consulted several unrelated sources. Trump outdid himself during the past year.
    Fine. Link them.
  • Nov 10, 2020, 04:39 PM
    Wondergirl
    Quote:

    Originally Posted by jlisenbe View Post
    Fine. Link them.

    So you can spit on them? Google is your friend.
  • Nov 10, 2020, 04:50 PM
    jlisenbe
    Quote:

    So you can spit on them? Googling is your friend.
    Just as I suspected.
  • Nov 10, 2020, 05:34 PM
    Wondergirl
    Quote:

    Originally Posted by jlisenbe View Post
    Just as I suspected.

    I've done it in the past. Am still wiping off the saliva.
  • Nov 10, 2020, 06:46 PM
    talaniman
    Say hello to my friend Google.

    https://www.forbes.com/sites/chuckjo...h=6ea97c5a4819
  • Nov 10, 2020, 06:57 PM
    Athos
    Quote:

    Originally Posted by talaniman View Post

    Perfect link - and from Forbes! Trump is the all-time master of deficit spending and debt. His denial is just another form of his gaslighting which, apparently, is working here on AMHD.
  • Nov 10, 2020, 08:20 PM
    jlisenbe
    Quote:
    Rather strangely missing (not really) from your article is any evidence supporting your false allegation that Trump ran up 7 tril in debt in only four years. Your own article clearly puts the figure at about half of what you suggested.

    Put the saliva back on. You'll need to do a lot better than that.

    Quote:

    The Federal deficit is forecast to be 4.6% of GDP in fiscal 2020 while the economy’s real growth rate is a projected to be 2.2%. This growth rate is in-line with the economy growing at essentially 2.1% the last three quarters.
    As shown in the two graphs below, since 1970 the only times, until now, that the deficit has been above 4% of GDP is when there has been a recession.
    That was laughable. The economy contracted enormously in the second quarter. Trump proposed economic stimulus that was about half of what Pelosi wanted to do, so to blame this on Trump is sheer partisanship. But I would completely agree that Trump and the House should not have run deficits in his first three years. He followed Obama's lead in doing so, and that was an enormous mistake.
  • Nov 10, 2020, 09:11 PM
    Wondergirl
    Quote:

    Originally Posted by jlisenbe View Post
    Rather strangely missing (not really) from your article is any evidence supporting your false allegation that Trump ran up 7 tril in debt in only four years. Your own article clearly puts the figure at about half of what you suggested.

    Put the saliva back on. You'll need to do a lot better than that.

    I didn't post that link. Someone else did.
  • Nov 11, 2020, 05:26 AM
    jlisenbe
    Quote:

    I didn't post that link. Someone else did.
    Very true. I just assumed it was you. My apologies. Still, your claim falls flat by that article. Not a big deal, so we move on.
  • Nov 11, 2020, 08:54 AM
    talaniman
    The dufus debt would have surely risen, maybe doubled given 4 more years.
  • Nov 11, 2020, 09:38 AM
    jlisenbe
    So if Biden's deficits are doubled, will you be critical of that, or is your standard simply based on partisanship, so it's only bad when Trump does it?
  • Nov 11, 2020, 12:20 PM
    talaniman
    As you have said many times deficit spending during good times is stupid and until covid that's what the dufus did after he claimed the greatest economy ever after being handed a healthy economy.

    Given the economy and covid situation Biden has been handed, don't see much choice but to add to the debt, but we'll see won't we.
  • Nov 11, 2020, 01:58 PM
    jlisenbe
    Quote:

    As you have said many times deficit spending during good times is stupid and until covid that's what the dufus did after he claimed the greatest economy ever after being handed a healthy economy.
    He did just what Obama did in his final five or six years, so was Obama a "dufus" as well? (Please let me answer that one!!! Please, please!!)

    Biden has been given an economy that is rapidly recovering and will continue to do so unless he completely botches it. A vaccine will be ready by the end of the year, exactly as Trump has said, so Biden is stepping into a pretty good situation. It will all work out if he doesn't overreact and blow the whole thing.

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