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    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #101

    Nov 14, 2019, 02:56 PM
    You question my data then show your own, that's the way it works as you well know otherwise your making stuff up and you wouldn't want me to think that now would you?
    Uhm...I did.

    You can boohoo all you want, but as the testimony of credible witnesses parade before the American people the dufus will have to explain himself and his actions for illegally with holding duly process and approved funds for his personal gain, eerie similar to the way he ran his chariity casinos and university SCAMS.
    You talking about those guys who can only tell what someone else told them they thought they heard a different person say? Yeah, that's real credible. I would call it incredible that we are wasting our time with them. If yesterday is all the dems have, then it's over with.
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
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    #102

    Nov 14, 2019, 03:05 PM
    You talking about those guys who can only tell what someone else told them they thought they heard a different person say? Yeah, that's real credible. I would call it incredible that we are wasting our time with them. If yesterday is all the dems have, then it's over with.
    Well when the guys who know the first hand stuff are allowed to testify we can clear this up real quick can't we. The dufus said NO, and that's that!. I missed your data somehow, sorry please provide it again.
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #103

    Nov 14, 2019, 03:07 PM
    Well when the guys who know the first hand stuff are allowed to testify we can clear this up real quick can't we.
    It's always tomorrow. Someone else. Some other testimony. Just wait til next week.

    I missed your data somehow, sorry please provide it again.
    There are two links.
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
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    #104

    Nov 14, 2019, 03:12 PM
    Patience Hopper grass, it's a slow process, and I got the links. From your links

    On September 8, 2017, Trump signed a bill increasing the debt ceiling. Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On February 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019. It was $22 trillion. In just two years,Trump has overseen the fastest dollar increase in the debt of any president.


    Trump's Fiscal Year 2020 budget projects the debt would increase $5 trillion during his first term. That's as much as Obama added while fighting a recession. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite.

    Thought I didn't read my own links dude?
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #105

    Nov 14, 2019, 03:55 PM
    On September 8, 2017, Trump signed a bill increasing the debt ceiling. Later that day, the debt exceeded $20 trillion for the first time in U.S. history. On February 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019. It was $22 trillion. In just two years,Trump has overseen the fastest dollar increase in the debt of any president.


    Trump's Fiscal Year 2020 budget projects the debt would increase $5 trillion during his first term. That's as much as Obama added while fighting a recession. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite.
    As you can see very easily by looking at the chart on my first post, Obama borrowed a great deal more his first two years than did Trump.

    Also note the first sentence of your first quote. "Trump signed a bill." Guess who sent him the bill? If you guessed the democrat House, then you get to move to the front of the line. Trump is an idiot for not balancing the budget. So are the dems in the House. Can we agree on that?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #106

    Nov 14, 2019, 04:21 PM
    "Trump signed a bill." Guess who sent him the bill? If you guessed the democrat House, then you get to move to the front of the line. Trump is an idiot for not balancing the budget. So are the dems in the House. Can we agree on that?
    Jl, when did a demonrat balance a budget? You expect the impossible, or at least the highly improbable. Liberals love OPM, it is there for their taking, but the US budget is beyond balancing, it would take a change in philosophy, better to repudiate the national debt
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #107

    Nov 14, 2019, 04:27 PM
    Jl, when did a demonrat balance a budget? You expect the impossible, or at least the highly improbable. Liberals love OPM, it is there for their taking, but the US budget is beyond balancing, it would take a change in philosophy, better to repudiate the national debt
    Actually, Clete, Bill Clinton and a repub House were the last ones to balance a budget. They actually had a surplus for a couple of years. I really think we will go on with this til the wheels fall off the cart.
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
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    #108

    Nov 14, 2019, 04:31 PM
    Quote Originally Posted by jlisenbe View Post
    As you can see very easily by looking at the chart on my first post, Obama borrowed a great deal more his first two years than did Trump.
    Yeah recessions teetering on depression GLOBALLY will do that. He saved the whole world dude.

    Also note the first sentence of your first quote. "Trump signed a bill." Guess who sent him the bill? If you guessed the democrat House, then you get to move to the front of the line.
    And if you guess a repub senate and WH had to go along with the house bill you can join me at the head of the class.

    Trump is an idiot for not balancing the budget. So are the dems in the House. Can we agree on that?
    I knew he was blowing smoke when he said it during the campaign, because any idiot knows you can't cut the military and engage in a few wars/conflicts or whatever you want to call it, cover all us old farts retiring with our sick a$$es, and have Mother Nature raising heck. LOL, you thought the dufus was a Clinton?

    I would agree with your premise but you seem to skip the repubs in the senate as part of the idiocy...AGAIN! Why?
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #109

    Nov 14, 2019, 04:33 PM
    He saved the whole world dude.
    That's questionable.

    I would agree with your premise but you seem to skip the repubs in the senate as part of the idiocy...AGAIN! Why?
    Because all spending bills must originate in the House.
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
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    #110

    Nov 14, 2019, 05:54 PM
    And go to the senate for approval or reconciliation, or they can introduce their own version. Nothing gets to the Prez without going through the senate. When repubs had the House for 2 years under the dufus where was their balanced budget bill, or the 6 years under Obama?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #111

    Nov 14, 2019, 06:13 PM
    actually he was once or at least a friend and demonrat voter, but he sniffed the wind, and when Obama was elected he became a republican or a pelican, take your pick.
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #112

    Nov 14, 2019, 07:55 PM
    And go to the senate for approval or reconciliation, or they can introduce their own version. Nothing gets to the Prez without going through the senate. When repubs had the House for 2 years under the dufus where was their balanced budget bill, or the 6 years under Obama?
    Yes! I agree with you completely. They are both totally irresponsible when it comes to spending. There is no level of taxation that can raise another trillion dollars without wrecking the economy, so spending in all areas must be cut.
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
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    #113

    Nov 14, 2019, 08:04 PM
    Like the sequester from the Obama era that cut 10% across the board?
    Athos's Avatar
    Athos Posts: 1,108, Reputation: 55
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    #114

    Nov 14, 2019, 08:10 PM
    Quote Originally Posted by jlisenbe View Post
    There is no level of taxation that can raise another trillion dollars without wrecking the economy, so spending in all areas must be cut.
    That was the major point of the Trump "tax cut". Squeeze the government programs to death through falling revenues.
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #115

    Nov 14, 2019, 08:14 PM
    Like the sequester from the Obama era that cut 10% across the board?
    That's a great idea, but sadly it would not balance the budget. You would have to cut spending by nearly 30% to balance the budget. That's just how bad it is. The Trump tax cuts would add less than 200 bil back into the budget. You would still be 800 bil over budget. We cannot tax our way out of this problem. Spending cuts are coming. The only question is whether we will grow a brain and institute them in a sane manner, or will we do like Greece and have them forced upon us.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #116

    Nov 14, 2019, 09:46 PM
    Quote Originally Posted by jlisenbe View Post
    That's a great idea, but sadly it would not balance the budget. You would have to cut spending by nearly 30% to balance the budget. That's just how bad it is. The Trump tax cuts would add less than 200 bil back into the budget. You would still be 800 bil over budget. We cannot tax our way out of this problem. Spending cuts are coming. The only question is whether we will grow a brain and institute them in a sane manner, or will we do like Greece and have them forced upon us.
    I'm for forcing them on you, only an austerity program like Greece will bring reality. So get rid of tax loopholes and tax havens which benefit the rich, like Trump, and make the rich pay their true share of tax, next institute a universal health scheme and remove the price gouging doctors from the system, revise the liability system so noone can get rich, just compensated and make the military do with last year's model rather than buying new ones
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #117

    Nov 15, 2019, 06:29 AM
    I'm for forcing them on you, only an austerity program like Greece will bring reality. So get rid of tax loopholes and tax havens which benefit the rich, like Trump, and make the rich pay their true share of tax, next institute a universal health scheme and remove the price gouging doctors from the system, revise the liability system so noone can get rich, just compensated and make the military do with last year's model rather than buying new ones
    That's so funny. You call for an austerity program like Greece had. Then you parade the tired old dem talking points. Make the rich pay their "fair share". The top 20% of income earners are paying more than 85% of the income taxes, but you want them to pay their "fair share"? Then we'll really cut spending by instituting...a huge new spending program like universal health care? Well, that is a "scheme" for sure. Revise the liability system? That probably needs work, but how does that cut fed spending?

    You were critical of the cuts of sequestration, but then you want to supposedly call for austerity? Ten percent would only be a start. EVERYTHING would have to be cut. Welfare? Yes. National parks? Yes. Congressional staffs. Yes. Military? Yes. Size of military? Yes. All federal services? Yes. EVERYTHING will have to be cut PAINFULLY and there can be no new spending until the budget is balanced. That's exactly why it's not being fixed. It's gotten so out of hand that fixing it is going to be very, very difficult, and no politician wants to have to do something painful until the time arrives when he has no choice.

    You do not understand the depth of the problem. We are spending 4.7 tril and only taking in 3.6 tril. In my view, it's hopeless. It won't get fixed until the wheels fall of the cart and we have to fix it. We, as a nation, have become too lazy and stupid to expect anything else to happen. Blame Trump? Blame the dem House? Try blaming us.

    And before someone stupidly brings up the Trump tax cuts, that is less than 200 bil a year. It is less than 20 cents on the dollar to the budget deficit. We are now taking in more than a trillion dollars more in revenues a year than we did in 2012, and yet the budget is not even close to being balanced. The problem is spending, and it will have to be cut dramatically and painfully. If you don't believe that, then you don't know what you're talking about. Just that simple. If you don't believe that, then contradict the math, but do it honestly. Good luck with that.

    But the House can't pay any attention to that because they are too busy with this stupid witch hunt of impeaching Trump over who knows what. We need to get rid of the whole bunch and bring in some people who are committed to doing the right thing.

    And good morning to everyone!

    https://www.thebalance.com/current-u...evenue-3305762
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
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    #118

    Nov 15, 2019, 07:40 AM
    Good morning my friend, from your link,

    "Revenues would be much higher without the Trump tax plan. It was also lowered by the extension of the Bush tax cuts and the Obama tax cuts. They were meant to fight the 2001 recession and the 2008 recession. They were supposed to spur the consumer spending that drives almost 70% of economic growth.


    But most people didn't even realize this happened since the tax cut showed up as reduced withholding instead of a check. Instead of spending the cuts, people used some of it to pay off debt. The recession scared people into saving more and using credit cards less. So, the budget didn't expand enough to spur economic growth.


    Now that the recession is over, those tax cuts should be reversed. Taxes should be increased, not cut. An economic expansion is the time to pay off the debt, not add to it."

    Makes sense to me.
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
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    #119

    Nov 15, 2019, 08:32 AM
    Now that the recession is over, those tax cuts should be reversed. Taxes should be increased, not cut. An economic expansion is the time to pay off the debt, not add to it."

    Makes sense to me.
    1. Makes sense to me too.
    2. You criticized Mr. Obama for his tax cuts. I'm impressed!
    3. Fed income tax revenues (not counting social security) have increased by about a trillion dollars (a 60% increase) since 2010. How much more revenue do you want? You keep talking about tax rates. You would be better off to look at revenue levels.
    4. If this website's projections are correct, then if we would simply freeze fed spending at current levels, we would have a balanced budget by 2024. If we would cut spending by only 10%, then it would happen a year earlier. 10% would not be fun, but if I had good reason to do so, my wife and I could cut our spending by 10% and we'd be OK. So can the fed government.
    http://www.polidiotic.com/by-the-num...ficit-by-year/
    5. Federal spending has increased by 400% in only thirty years. Does that sound good to you?
    6. Tax increases? So you are saying that you're ready for your income taxes to be increased?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #120

    Nov 15, 2019, 02:02 PM
    You criticise me for liberial oriented thinking, and yet, I live in a place where some of these things have been achieved. Admitedly the economy is smaller and there are less social ills to be dealt with, but, military spending is only 2% of GDP, which is one of the keys. There is something dysfunctional about a government that continually spends more than it receives. Cutting 10% won't do it, to achieve equilibrum the cut must be 25%, but a large part of spending is interest, no wonder Trump wants interest rates to be lower.

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