What's causing rising debt?

cawacko said:
Why did debt fall after 1946? Because WWII ended. And yeah, we won the Cold War without firing a direct shot and that was in part to the build up of our military.

As far as the 90's you don't think Congress played a role? It was strictly Clinton? All the GOP legislation passed that Clinton signed was all legislation he requested?

Military spending dropped after the end of the Cold War and then spiked after 9/11. You conveniently leave world events out as if they play no role in how our country spends money.

Clinton and Obama were both Democrats but had very different policies. Clinton reformed welfare, cut capital gains taxes and deregulated the financial industry. Are those failed ideas? Or are they great ideas when a Democrat does them and failed ones when a Republican does?
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Did you mean to say debt fell because of the 90% tax rate?

You can't seriously be trying to defend trickle down economics, yet you are.

You know way better than that.
 
sear said:
Republicans are causing our rising debt.

"When your outgo exceeds your income,
the upshot will be your downfall." Paul Harvey

$Fiscal conservatives would not cut taxes to decrease government revenues if the budget was already in deficit.

But Republicans are in charge.
Republicans via Speaker Ryan (R) control the house.
Republicans via Majority Leader McConnell (R) control the senate.
Republicans via President Trump (R) control the exec.

And our U.S. federal debt is record high.

Republicans!
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Same as it always was.
 
sear said:
$Fiscal conservatives would not cut taxes to decrease government revenues if the budget was already in deficit.
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The tax cuts didn't cause a reduction in revenues. Revenues have increased you willful idiot.


sear said:
But Republicans are in charge.
Republicans via Speaker Ryan (R) control the house.
Republicans via Majority Leader McConnell (R) control the senate.
Republicans via President Trump (R) control the exec.

And our U.S. federal debt is record high.

Republicans!
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Democrats ran up deficits and debt for decades yet not a peep out of you partisan shills. The most massive accumulation of debt in the history of our Republic was run up by Democrats and Obama; yet not a peep from you partisan shills.

The ONLY time in the last forty years that spending was lower than revenues was under a Republican Congress; yet not a peep from you partisan shills.

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Rune said:
Did you mean to say debt fell because of the 90% tax rate?

You can't seriously be trying to defend trickle down economics, yet you are.

You know way better than that.
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That's an interesting conclusion you've come to based on my post. Do you have thoughts on what I wrote as the differences between Clinton and Obama?
 
there is something to be said being Obama put us another 10 trillion in debt, is it even worth the effort to try and recover,

we can't even pay the interest on the debt anymore
 
GuilleX said:
The Laffer Curve says that a point on the downslope of the curve will result in the same revenue as the equivalent point on the upslope. It doesn't say cut taxes and you get a shitload of money you fucking monkey. In fact, I'm about to iggy your dumb ass because you're really fucking stupid.
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Dishonest too.
 
"there is something to be said being Obama put us another 10 trillion in debt, is it even worth the effort to try and recover,
we can't even pay the interest on the debt anymore" Gr #227
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I don't know any reputable economist that denies Keynesian economics. Many reputable economists oppose Keynesian economics / deficit spending, as routine.

But Obama had nothing to do with the Bush / Cheney / Paulson recession. We were losing ~800K private sector jobs per month. It was called the worst economic downturn in the U.S. since the great depression. Bush / Cheney / Paulson tried to prop up their crashing $economy, not to recover. But merely to keep the U.S. economy from crashing until they could get out of town on inauguration day.
The Bushies' $700 $Billion $TARP wasn't designed to, was not intended to restore the U.S. economy. $TARP was merely intended to avoid the crash that was otherwise inevitable.

So you criticize Obama for recovering the U.S. economy?! What about the Republicans that CAUSED the U.S. economy to fail?
Obama wouldn't have had to recover the U.S. economy, if the Republicans hadn't trashed it in the first place. Bush cut taxes on the rich, started Wars, and ballooned deficit and debt.

And you whine about Obama?

And Republicans are still at it. Republicans control house, senate, and the exec. They cut taxes on the rich again, and our deficits are huge, our federal debt over $20 $Trillion.

And you whine about a Democrat?!
 
Rune said:
Someday I am going to out your stupid dishonest ass on ignore again, but right now I am too busy laughing.
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Busy laughing because you bought a mirror snowflake? Everything you erupt with is a joke or a troll asshat. You lack the basic self awareness and intelligence to comprehend the OBVIOUS.

How does ignoring me make a difference? I could care less if you respond with another moronic trolling response dumbass. I like it when idiots like you ignore me. I don't have to engage in the never ending circle of stupidity.
 
sear said:
I don't know any reputable economist that denies Keynesian economics. Many reputable economists oppose Keynesian economics / deficit spending, as routine.

But Obama had nothing to do with the Bush / Cheney / Paulson recession. We were losing ~800K private sector jobs per month. It was called the worst economic downturn in the U.S. since the great depression. Bush / Cheney / Paulson tried to prop up their crashing $economy, not to recover. But merely to keep the U.S. economy from crashing until they could get out of town on inauguration day.
The Bushies' $700 $Billion $TARP wasn't designed to, was not intended to restore the U.S. economy. $TARP was merely intended to avoid the crash that was otherwise inevitable.

So you criticize Obama for recovering the U.S. economy?! What about the Republicans that CAUSED the U.S. economy to fail?
Obama wouldn't have had to recover the U.S. economy, if the Republicans hadn't trashed it in the first place. Bush cut taxes on the rich, started Wars, and ballooned deficit and debt.

And you whine about Obama?

And Republicans are still at it. Republicans control house, senate, and the exec. They cut taxes on the rich again, and our deficits are huge, our federal debt over $20 $Trillion.

And you whine about a Democrat?!
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Obama spent us into the largest deficits in the nations history you ignorant twat. What part of REALITY are you in denial of? Your rants about deficits are about as moronic and ironic as claims Republicans should FIX Obamacare or wages should be equal.

You're quite full of stupid.
 
Truth Detector said:
Busy laughing because you bought a mirror snowflake? Everything you erupt with is a joke or a troll asshat. You lack the basic self awareness and intelligence to comprehend the OBVIOUS.

How does ignoring me make a difference? I could care less if you respond with another moronic trolling response dumbass. I like it when idiots like you ignore me. I don't have to engage in the never ending circle of stupidity.
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calm down cowboy, Trump's trillion dollar deficits to pay for the wealthy's tax cuts are raising the national debt

I thought the whole Tea Party mass hissy fit in 2010 was all about the national debt, right?

wtf?
 
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