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Trillion dollar deficits

regor

regor

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jimsplace said:
Yea, but many aren't going to vote for him.
That's also what the polls show.


You seem to want to give trump credit for everything good and overlook ALL of his failures detrimental actions.
Maybe some, or most of the credit for a good economy lies with Business owners and employees.

The US needs a President the people and other Countries trust and have faith in their actions.
TRUMP fails miserably in those areas.
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Grandpa mac

Grandpa mac

Now politics is kinda boring ;)
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RCDave said:
I agree with you on one point. Trump deficit spending is unacceptable. He ain't my "king". I'm a discipled conservative who's vote counts for shit in the California political cesspool.

I totally disagree with you about Obama deficits and government intervening in the economy. All he did was kick the can down the road. Trump is doing the same thing.

A free economy with real consequences for bad decisions should be allowed to prevail. No bailouts, no backdoor union deals to own bankrupt companies, etc.

When the free market is allowed to operate unfettered by government, investment decisions are made via rigorous analysis and not Vegas style gambling and speculation. Bad decisions should be allowed to result in failure, with the malinvestments purged from the system.

All that would lead to a more stable economy and absent from the boom bust cycles.

But that will never happen. The USA is was past gone with its budget deficits, free giveaway programs, parasites living off the successful hosts, etc. Too much of the populous is now addicted to giveaways and has no idea how to work and be productive. The liberals are feeding off this failed part of the populous for votes.

100 trillion plus deficit is too far gone to rectify....

Sad socialism and eventual fascism was allowed into this country like a plague without a cure. Our own politicians sold all of us out for power and control
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100 trillion? Why are you adding 78 trillion to the debt? Even with Trump in office for another year or two it won’t get THAT bad.
 
mjc

mjc

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jimsplace said:
If you understand "REAL" economics, perhaps you can explain Trumps continued borrowing and larger deficits when the economy is doing well. There is no logic and no economic rational that justifies increased debt.

Throughout history there has been and probably always will be ups and downs in the economy.
Obama has been criticized for increasing the national debt when he came into office. The logic at the time was correctly to borrow money to jump start the economy as the US was in a rather bad recession with high unemployment.
Additional money (Borrowed) was introduced into the economy and during his terms the economy started recovering and people were going back to work. Near the end of his terms, employment was in good shape, (4.2%) and the borrowing was being reduced.
That is the normal progression of recession, high unemployment and borrowing, which result in a better economy.

Trump has increased the borrowing a large amount resulting in only a slightly lower unemployment, as we are at what is considered full employment now. Full employment is around 3.8%. There will always be people between jobs and that accounts for most of the 3.8%.
Borrowing now makes no sense at all. It will only lead to inflation.
Some day soon that money will need to be repaid, and that will require higher taxes or income from some source.

For the simple minded, When you lose your job and need money to pay bills, that is when you are forced to borrow, or use your credit card.
When you go back to work and have a substantial paycheck, if you have any sense, you will repay what was borrowed.
If you don't, what happens when you lose your job again, or you have an emergency? You're already in debt.
When there is full employment, which we have, and the economy is operating at a good pace, It makes no sense at all to go deeper in debt. It's known as living beyond your means.

I believe in a sound and secure economy, and not one where the US is borrowing to make your king look better today, but we're stuck with the bill tomorrow.
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First you know all spending Bill's start in the house so trump is only signing the shit they send him. And the house can't cut back any of the excess spending from the stimulus because as you know it won't be done no matter what they say. We are still at the same spending levels from 10 years ago as far as I can tell.
 
RVR SWPR

RVR SWPR

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Grandpa mac said:
Probably. I have a window open right now on how to apply for Canadian citizenship. At the very least my bug out bag and sailboat are ready to go and Canada is just across the Sound...
^^^^^^^^^^^^^^^^^^
Tell um RDP sent you. :)
CANADA IS PARTY TO both treaties. To apply for refugee status, the asylum seeker must first establish a well founded fear of persecution and be UNABLE to obtain protection from their country of nationality.
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Grandpa mac

Grandpa mac

Now politics is kinda boring ;)
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wallnutz said:
Go see Leo in Venezuela.
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Knowing Leo, I’m confident that he will eventually prevail over Maduro and probably lead Venezuela into a promising future. You do know he and Guadua do have the support of the Trump administration, right?
 
wallnutz

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Grandpa mac said:
Knowing Leo, I’m confident that he will eventually prevail over Maduro and probably lead Venezuela into a promising future. You do know he and Guadua do have the support of the Trump administration, right?
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So you like Trump today?
 
J

jimsplace

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RCDave said:
The whole healthcare topic will never be solved. The financial consequences will continue to erode the viability of the nation.

Humans generally fail to realize we are not designed to live forever. The cost of repairing every person for every ailment and disease as they age is impossible to finance.

It will never be distributed equally. Those that generate more income and wealth earn the right to spend as their pocketbook allows. Those who can't will continue to spend money they and the system can't support.

Eventually, the system will fail due to bankruptcy.

Only a free market healthcare system can find a way to somewhat solve the financial problems. Competition leads to innovation and lower costs. Dumping money at the problem will only.lead to continued healthcare inflation.
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You keep talking about a Free Market, like one could exist. It doesn't.
When there are lobbyist for the various industries spending Billions of dollars to buy influence, the "Free Market" no longer exists.
One of the largest is the Insurance Companies.
 
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jimsplace

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mjc said:
First you know all spending Bill's start in the house so trump is only signing the shit they send him. And the house can't cut back any of the excess spending from the stimulus because as you know it won't be done no matter what they say. We are still at the same spending levels from 10 years ago as far as I can tell.
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The House was controlled by the Republicans for the previous two years.
You do remember that, I hope.
 
mjc

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jimsplace said:
The House was controlled by the Republicans for the previous two years.
You do remember that, I hope.
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and the RINO's are no different and nothing will get past Schumer in the senate as you also know. so don't keep bringing up that same old shit
 
R

RCDave

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jimsplace said:
You keep talking about a Free Market, like one could exist. It doesn't.
When there are lobbyist for the various industries spending Billions of dollars to buy influence, the "Free Market" no longer exists.
One of the largest is the Insurance Companies.
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A free market would fix the issues. Going down the current path to single payer government healthcare, a total disaster
 
Grandpa mac

Grandpa mac

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wallnutz said:
So you like Trump today?
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Nope, but when he gets something right I’m happy to give credit where do. And I think our foreign policy on Venezuela is correct at the moment.
 
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jimsplace

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mjc said:
and the RINO's are no different and nothing will get past Schumer in the senate as you also know. so don't keep bringing up that same old shit
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That old shit is part of how we are, where we are.
 
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