[jlisenbe]

You know how they pay for it, Tax, no that's not palatable so they borrow it, use OPM afterall interest is only 6% of the budget, so keep interest rates low

Pretty good description. It works as long as interest rates are low, but interest on the debt is projected to begin rising steeply over the next decade.

[talaniman]

Sounds great until a rich guy, bank, or big biz goes belly up and takes the economy with it.

[Vacuum7]

jlisenbe: There is plenty of fat in the Federal Budget to cut without cutting Defense......Defense spending is like NO OTHER SPENDING, WHY? Because Defense spending is what maintains the research engines of our Defense suppliers and keeps them churning out new ideas that are the best in the world at killing the enemy.....if you take the spending down or eliminate it, altogether, the ENGINE of Weapons Systems Ingenuity will grow cold and a cold engine is hard to start up again. Defense spending is a sacred cow/untouchable. The Right should go after the left's pet appropriations and this will have a two pronged effect:

1) It takes water out the liberal money river: The left uses their favorite Departments to effectively "build" their future voter base by "buying their votes"....you know, things like cradle to grave Government Housing and other hood niceties that they raise voters in...a disgusting institutionalized design behavior that came out of Johnson's Great Society crap
2) As we deplete the left's favorite programs, and put their troops of institutionalized voters to work, those people, or at least a good percentage of them, will get weaned off the Government Cheese tit and come over the Right as a natural progression of Natural Law (all clear thinking, logical people eventually begin to gravitate towards Natural Law)

Getting the deficit reducing funds from the left's favorite PROGRAMS is a much better way of attending to this problem than is reducing Defense spending.

[talaniman]

You mean section 8? No repubs on section 8? No repubs in housing projects? No poor people are repubs? No repubs in the HOOD? No repub waste in government to cut?

[jlisenbe]

jlisenbe: There is plenty of fat in the Federal Budget to cut without cutting Defense......Defense spending is like NO OTHER SPENDING, WHY? Because Defense spending is what maintains the research engines of our Defense suppliers and keeps them churning out new ideas that are the best in the world at killing the enemy.....if you take the spending down or eliminate it, altogether, the ENGINE of Weapons Systems Ingenuity will grow cold and a cold engine is hard to start up again. Defense spending is a sacred cow/untouchable. The Right should go after the left's pet appropriations and this will have a two pronged effect:

As the link below will show you, when you look at the federal budget, you see money spent for social security, medicare, medicaid, defense, and interest on the national debt. What is left over is about 900 billion dollars. If you eliminate ALL of that, which would include transportation and veteran's benefits, you would still have a budget deficit of over 100 billion dollars. That is why you absolutely cannot balance the budget without cutting defense. In fact, we are all in for a rude awakening when it comes to fed spending. The longer we stupidly put it off, the ruder the awakening will be. I am not hopeful.

https://www.nationalpriorities.org/b...-101/spending/

[talaniman]

I have to say JL I'm loving your links today, very comprehensive. Sure backs up your position to pay down the debt during good economic times, but also my position of the timing and size of tax cuts. Debt is necessary sometimes but the real key I think is responsible management of that debt.

[jlisenbe]

I have to say JL I'm loving your links today, very comprehensive. Sure backs up your position to pay down the debt during good economic times, but also my position of the timing and size of tax cuts. Debt is necessary sometimes but the real key I think is responsible management of that debt.

1. The tax cuts can be criticized, but they are only a small contributor to the deficit, and if they did indeed spur the economy, then a healthier economy results in greater tax revenues.

2. Do you think that 22 tril amounts to responsible debt? Honest question.

[talaniman]

1. I tend to take a longer view of things and actually feel that a lot of small stuff can add up pretty quick and be one big mess. I also think letting the economy feed it's own growth and refrain fron didling with what seems likea good idea at the time but has consequences forcing it to grow with tricks that wear off after a short period.

2. Not really especially with no plan to reduce it in a reasonable time, in a reasonable way.

[jlisenbe]

I tend to take a longer view of things and actually feel that a lot of small stuff can add up pretty quick and be one big mess.

If small stuff adds up pretty quick, then guess what large stuff does.

Not really especially with no plan to reduce it in a reasonable time, in a reasonable way.

So it's OK to go DEEEPPPLLYYYY into debt as long as you have no idea of how to handle paying it off? Interesting theory.

[paraclete]

How come the forces of conservatism here aren't all over this, a despot being bearded in his den, a socialist nation in termoil, afterall it was the point of this OP, This is lost on you, becuase if it doesn't happen in america, it doesn't happen

[talaniman]

If small stuff adds up pretty quick, then guess what large stuff does.

Adds up even quicker.

So it's OK to go DEEEPPPLLYYYY into debt as long as you have no idea of how to handle paying it off? Interesting theory.

I never said it was okay to go into debt and NOT have a plan.

[talaniman]

How come the forces of conservatism here aren't all over this, a despot being bearded in his den, a socialist nation in termoil, afterall it was the point of this OP, This is lost on you, becuase if it doesn't happen in america, it doesn't happen

Calm down and tell us what you're going on about Clete, or a link or two.

[paraclete]

Adds up even quicker.



I never said it was okay to go into debt and NOT have a plan.

Well Tal without a plan to repay it, but then you haven't borrowed from the germans and the world bank otherwise some adjustment and belt tightening would be needed

[talaniman]

We sell savings bonds Clete, that's how we borrow.

[paraclete]

We sell savings bonds Clete, that's how we borrow.

"savings" Bonds what are you saving for? Your next aircraft carrier? Yes, I know about government bonds, you have to have a good credit rating otherwise they are just junk

[talaniman]

They sell like hot cakes all over the world Clete.

[Vacuum7]

We just can't jeopardize the safety or, even, the existence of the nation by dumbing down Defense: There are too many foes that we face....and they continue to spend. We can change our foreign policy and dump our Defense spending into hardware and pull back from the "Global" exposure we now have to help par down the $$$s but we can't get behind technologically, that would spell the end.

[paraclete]

Calm down and tell us what you're going on about Clete, or a link or two.

obviously CNNN has failed you

https://www.mail.com/int/business/ma...-stage-hero1-1

We just can't jeopardize the safety or, even, the existence of the nation by dumbing down Defense: There are too many foes that we face....and they continue to spend. We can change our foreign policy and dump our Defense spending into hardware and pull back from the "Global" exposure we now have to help par down the $$$s but we can't get behind technologically, that would spell the end.

the only foes you face are ones of your own making, that fact escapes you. Yes you should dump your foreign policy and I see Trump has dumped some of the crap of previous eras however he still likes to brandish an aircraft carrier or two

[jlisenbe]

We just can't jeopardize the safety or, even, the existence of the nation by dumbing down Defense: There are too many foes that we face....and they continue to spend. We can change our foreign policy and dump our Defense spending into hardware and pull back from the "Global" exposure we now have to help par down the $$$s but we can't get behind technologically, that would spell the end.

Typical. You want to keep spending money with no idea of how to pay for all of your defense needs. I guess we'll just keep that up until financial disaster strikes. What a plan.

[Vacuum7]

Jlisenbe: The corollary isn't very attractive either: ChiCom troops marching in U.S. streets: You don't think that can happen? Probably couldn't given all the nuclear weapons we have but that's really dependent upon the capacity of the delivery systems it would take to get those nuclear payloads onto target and fry ChiComs…..and if we just stop improving and the ChiComs develop missile shootdown technology, well, we will be SOL. The other part of this is the NATIONAL WILL TO USE NUCLEAR WEAPONS: If we had that, and could depend upon the delivery systems that would allow our weapons to strike with pinpoint accuracy, we could almost stop what you might term excessive defense spending.

However, the NATIONAL WILL in the U.S. has been putrefied by leftist ingress into our education systems, particularly at institutions of higher learning: All of these individuals are potential problems in a national crisis, potential fifth column participants.....and, as we have seen with the willing participation of the State Department in coup cabal of President Trump, these leftists are deeply planted at all levels...a genuine infestation of communist sympathizers....I suspect that many of them look toward Peking as a master. Remember: It was Clinton, whose campaign accepted boat loads of money from the ChiComs, who permitted Loral Corp., under the guise of supplying the gyroscope technology to the ChiComs for cheap satellite launch rocketry systems, to assist in developing the ChiCom Nuclear Threat. Then, also remember, Obama eviscerated NASA to further deplete U.S. technological capabilities. You also see leftist tacticians attacking Boeing Corp., through various legal schemes, with the eventual goal of running them into bankruptcy.

Perhaps the best way to erase the National Debt: Tell the ChiComs to go burn their atheistic arses in hell and refuse to make any more payments on their loans to us! This would assist the U.S. and help break the ChiComs.