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Started By
Message
re: Debt increases by president
Posted on 4/21/24 at 7:37 am to POTUS2024
Posted on 4/21/24 at 7:37 am to POTUS2024
Is there a chart of Federal spending by department.
I would like to see where our money is going before I pass judgment.
I know some of the increases in spending come from the explosion of healthcare costs (“Obama Care” and Medicare Part D) and higher numbers of social security recipients.
Also interest spending is getting pretty large with the debt as high as it is.
There is also the explosion of funding for build back worse, and other stimulus spending that goes to over budget mega projects and finds its way to trade unions and greases politicians pockets.
One issue that I would like to see addressed would be Social Security. Maybe a small increase in payroll taxes could be passed or make the increase optional. If you elect to take the increase in SS tax, your benefits will not be cut when that time comes up. The tax increase would be on both the employee portion and the employer portion.
I would like to see where our money is going before I pass judgment.
I know some of the increases in spending come from the explosion of healthcare costs (“Obama Care” and Medicare Part D) and higher numbers of social security recipients.
Also interest spending is getting pretty large with the debt as high as it is.
There is also the explosion of funding for build back worse, and other stimulus spending that goes to over budget mega projects and finds its way to trade unions and greases politicians pockets.
One issue that I would like to see addressed would be Social Security. Maybe a small increase in payroll taxes could be passed or make the increase optional. If you elect to take the increase in SS tax, your benefits will not be cut when that time comes up. The tax increase would be on both the employee portion and the employer portion.
This post was edited on 4/21/24 at 7:44 am
1
Posted on 4/21/24 at 7:39 am to RogerTheShrubber
quote:
Whats Trumps plan?
Probably the same plan any successful business owner has
Something someone living on Govy handouts like you will never understand
Posted on 4/21/24 at 7:40 am to SDVTiger
quote:
Which potential candidate would address the debt in your opinion?
What an idiotic question to deflect on the issue. Newsflash…Trump was POTUS. Trump ran as an outsider, who was going to shake things up and do things differently. He was supposed to bring business sense to politics.
And, as it turned out, from a deficit/debt perspective, he was no different than Obama; worse when you add in his idiotic management of COVID.
I know it’s hard, but for the sake of everyone on this board, please try to be a tad intellectually honest.
Posted on 4/21/24 at 7:41 am to SDVTiger
quote:
Probably the same plan any successful business owner has
More govt spending to prop up the economy. Just what I thought.
If you have to rely on debt to have a bitchin economy, your economy aint bitchin.
quote:
Something someone living on Govy handouts like you will never understand
This is what youve been reduced to for tCult. A fricking liar.
This post was edited on 4/21/24 at 7:42 am
Posted on 4/21/24 at 7:41 am to SDVTiger
OK. He won’t understand it. Since you do, explain it anyway. There must be a few here among the hundreds of thousands on this board that will understand it. What is It?
The acceptable answer has to be something other than what we saw 2016-2018, because that was a clusterfrick.
The acceptable answer has to be something other than what we saw 2016-2018, because that was a clusterfrick.
Posted on 4/21/24 at 7:45 am to Tarps99
quote:
One issue that I would like to see addressed would be Social Security
What they will do is raise taxes.
Neither Trump nor Biden has the willpower to cut military, SS or other entitlements. They will eventually raise taxes to pay for it.
Posted on 4/21/24 at 7:47 am to RogerTheShrubber
quote:
More govt spending to prop up the economy
Yup it takes money to make money
quote:
This is what youve been reduced to for tCult. A fricking liar
You are the one who admitted Alaska paid you to move there after your SO found out what you did
Posted on 4/21/24 at 7:50 am to SDVTiger
quote:
Yup it takes money to make money
What a retard.
So, in your opinion the government needs to borrow the money to stimulate the economy at full employment?
Progressives. They never learn.
quote:
You are the one who admitted Alaska paid you to move there
They didnt. They dont pay anyone to move here.
Youre just stupid.
This post was edited on 4/21/24 at 7:51 am
Posted on 4/21/24 at 7:52 am to RogerTheShrubber
Thats a quality meltdown from the guy living on Govy handouts
Posted on 4/21/24 at 7:57 am to OccamsStubble
quote:
The acceptable answer has to be something other than what we saw 2016-2018
All they know is stuff cost less at the time, theyre too stupid to realize that Trumps spending put us there.
Posted on 4/21/24 at 8:04 am to POTUS2024
This thread is perfect for witnessing three interesting phenomena:
Intense TDS
Pretending the executive branch write and pass spending legislation.
Pretending the Republican Party is or has ever been in any way “fiscally conservative”.
Intense TDS
Pretending the executive branch write and pass spending legislation.
Pretending the Republican Party is or has ever been in any way “fiscally conservative”.
Posted on 4/21/24 at 8:05 am to Ten Bears
quote:
He was supposed to bring business sense to politics.
This may sound dumb but the only business sense that he has that could help the debt situation would be bankruptcy.
Even a national bankruptcy at this point would not help the country. Besides the bad look internationally, we are still spending more than what is coming in. Interest and inflation are rising.
At this point our plan should be to find a way to balance inflation and monetary growth to make the debt seem less. Yes prices would rise, but income would rise with it at the cost of people’s savings.
In other words, instead of pulling in 10k a month in income, you now make a million a month. Prices of goods and services would have risen too.
Posted on 4/21/24 at 8:07 am to Tarps99
quote:
At this point our plan should be to find a way to balance inflation and monetary growth
It will lead to increased taxes. Thats what will happen.
Whoever becomes POTUS after Trump/Biden/? Is going to have one hell of a mess to clean up.
Posted on 4/21/24 at 8:12 am to POTUS2024
I hate to defend any of these Presidents(except the only two that loved America, Trump and Reagan), but all they can do is ask for spending and veto. Congress ultimately is the culprit. The real kick in the balls is the realization that conservatives rubber stamped most of it for the past 50 years
Posted on 4/21/24 at 8:17 am to scottydoesntknow
quote:
, but all they can do is ask for spending and veto
Trump wanted more spending in 2019. He also wanted a return to QE.
Posted on 4/21/24 at 8:19 am to AUCom96
quote:
Pretending the executive branch write and pass spending legislation.
Amateur hour.
The President has to sign the spending legislation for it to pass. The President does have a veto.
Posted on 4/21/24 at 8:19 am to RogerTheShrubber
quote:
Trump wanted more spending in 2019. He also wanted a return to QE.
And??
Posted on 4/21/24 at 8:19 am to Tarps99
quote:
At this point our plan should be to find a way to balance inflation and monetary growth to make the debt seem less. Yes prices would rise, but income would rise with it at the cost of people’s savings.
We are gonna have to come to the realization that the cat is out of the bag. You cant real in what was ultimately cracked open during the Bush admin and then ripped wide open in 2008. Money only has the value that we assign it. Weve seen how this ends many time in human history. Eventually the system will crash and there will be massive pain and a reset. It may be in 10 years, maybe 75 years. The real advantage that the US has is that the rest of the world is playing the same stupid game.
Posted on 4/21/24 at 8:20 am to frogtown
quote:
The President has to sign the spending legislation for it to pass.
Trump pushed for this spending.
He's a fiscal progressive at this point.
Posted on 4/21/24 at 8:22 am to POTUS2024
quote:
Trump - debt went from $20T to $28T, a rise of 40%.
And what % of that was because of covid? The artificial virus which was intentionally made in a lab, then released onto the world just 1 year before the 2020 election?
Yeah, this isn't remotely a fair or accurate comparison.
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