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Thread: How the hell are we going to pay back 20 trillion?

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    Quote Originally Posted by noise View Post
    good. STFU and do some introspection. Clinton would have had us on the ground BIG TIME in Syria.

    She would not have de-regulated, ( economic boom) or taken on the Chinese ether
    Your ignorant russobot trolling makes me want to huff chinese ether.

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    Quote Originally Posted by noise View Post
    good. STFU and do some introspection. Clinton would have had us on the ground BIG TIME in Syria.

    She would not have de-regulated, ( economic boom) or taken on the Chinese ether
    Economic bubble, Trump sucker.
    It is the responsibility of every American citizen to own a modern military rifle.

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    Quote Originally Posted by Vasquezrocks View Post
    Ask Obama .... He doubled our debt .

    you are being retarded again

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    Quote Originally Posted by Flash View Post
    Even with the Clinton surplus the national debt continued to grow
    Ehh, sort of. There were multiple months from 1999-2000 when Treasury made payments toward the Public Debt. You can simply look at each month's individual Treasury statements and see the balance on the debt went up and down from 1999-2000.

    The point is that had the surpluses sustained, the debt could have been paid off by 2010.


    We never "pay down" the debt but simply pay back debt by borrowing and creating new debt.
    Untrue. There were several months in 1999-2000 when Treasury made payments to the debt, and the monthly debt statements reflect that. You can look for yourself here.
    Quote Originally Posted by cawacko View Post
    I'm no economics expert. In fact I'm pretty dumb on the topic.

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    Hello cawacko,

    Quote Originally Posted by cawacko View Post
    You’re a Democrat, aren’t you on the MMT train? Deficits and debt don’t matter...
    White lies matter.
    Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Flame on me, mouth off to me, or express overt racism, you go on my PERMANENT Ignore List. Zero tolerance. No exceptions. I won't read a word you write, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: if you like my PIP, feel free to use it. It works well.

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    Quote Originally Posted by PoliTalker View Post
    Hello cawacko,



    White lies matter.
    Help me out, not following

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    Hello cawacko,

    Quote Originally Posted by cawacko View Post
    Help me out, not following
    You said: "You’re a Democrat, aren’t you on the MMT train? Deficits and debt don’t matter..."

    It's a little white lie.

    You want to blame the debt on Democrats?

    You're lying to yourself.

    Democrats have actually done a better job of debt management than Republicans.
    Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Flame on me, mouth off to me, or express overt racism, you go on my PERMANENT Ignore List. Zero tolerance. No exceptions. I won't read a word you write, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: if you like my PIP, feel free to use it. It works well.

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    Quote Originally Posted by PoliTalker View Post
    Hello cawacko,



    You said: "You’re a Democrat, aren’t you on the MMT train? Deficits and debt don’t matter..."

    It's a little white lie.

    You want to blame the debt on Democrats?

    You're lying to yourself.

    Democrats have actually done a better job of debt management than Republicans.
    Read again what I wrote. I said you are on the MMT train. Are you familiar with who is pushing it and what it calls for?

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    Quote Originally Posted by Ralph View Post
    So a national debt is not a deficit? LMAO. The national debt when Obama came into office was 10 trillion when he left office it was over 18 trillion. Yep......that's some deficit reduction. Now tell us how the preceding presidents of the past 2 decades are responsible for the debt accumulated while Obama was in office.

    Remember. Figures don't lie......LIARS FIGURE. Reality: This is Keynesian Economics in action......government attempting to spend its way out of debt.
    FOR THE RECORD:

    During the administration of Ronald Reagan...the federal debt increased 186%

    During the administration of George W Bush...the federal debt increased 101%

    During the administration of Barack Obama...the federal debt increased 74%

    During the administration of George HW Bush...the federal debt increased 54%

    During the administration of Jimmy Carter...the federal debt increased 43%

    During the administration of Bill Clinton...the federal debt increased 32%

    Hummm!
    Last edited by Frank Apisa; 02-12-2019 at 08:03 AM. Reason: Add President Obama's figure

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    Quote Originally Posted by Frank Apisa View Post
    FOR THE RECORD:

    During the administration of Ronald Reagan...the federal debt increased 186%

    During the administration of George W Bush...the federal debt increased 101%

    During the administration of George HW Bush...the federal debt increased 54%

    During the administration of Jimmy Carter...the federal debt increased 43%

    During the administration of Bill Clinton...the federal debt increased 32%

    Hummm!
    And Obama was about 80% thanks to the Great Conservative Recession, the Bush Tax Cuts, Medicare Part-D, and the War on Terror.
    Quote Originally Posted by cawacko View Post
    I'm no economics expert. In fact I'm pretty dumb on the topic.

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    Quote Originally Posted by noise View Post
    good. STFU and do some introspection. Clinton would have had us on the ground BIG TIME in Syria.
    I guess we'll never know because Russia stole the election for Trump so that Trump would cede Syria to Russia and Iran.


    Quote Originally Posted by noise View Post
    She would not have de-regulated, ( economic boom) or taken on the Chinese ether
    What deregulation? What economic boom?

    Federal tax revenues for 2018 were less than 2017.

    Many middle class workers saw their tax liability rise thanks to your shitty Russia Tax Cut.

    2017-2018 was the slowest pace of job growth since before Obama's 2nd term.

    The market didn't grow at all in 2018.

    Economic boom? For whom? For the wealthy, who did record stock buybacks and saw their incomes rise far above the national average (which has the effect of raising total wage growth #'s, skewing the growth).

    Most workers saw real wages remain flat or decline in 2018.

    But at least you got your wall...oh wait...
    Quote Originally Posted by cawacko View Post
    I'm no economics expert. In fact I'm pretty dumb on the topic.

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    Quote Originally Posted by LV426 View Post
    And Obama was about 80% thanks to the Great Conservative Recession, the Bush Tax Cuts, Medicare Part-D, and the War on Terror.
    Oops...the increase under President Obama was about 74%.

    Sorry I left that out. I'll try to edit it in after I check the figure.

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    Quote Originally Posted by Frank Apisa View Post
    FOR THE RECORD:

    During the administration of Ronald Reagan...the federal debt increased 186%

    During the administration of George W Bush...the federal debt increased 101%

    During the administration of Barack Obama...the federal debt increased 74%

    During the administration of George HW Bush...the federal debt increased 54%

    During the administration of Jimmy Carter...the federal debt increased 43%

    During the administration of Bill Clinton...the federal debt increased 32%

    Hummm!
    That's going to leave a welt. Hi Cwacky!

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    Another economics idiot.
    The national debit is a little more complicated than blaming Trump just like when you assholes blame him because the Dow goes down.

    A good portion of our spending is mandated.

    Will you post that during Obama’s 8 years the US debt increased 9 Trillion.

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    Quote Originally Posted by Tkaffen View Post
    Another economics idiot.
    The national debit is a little more complicated than blaming Trump just like when you assholes blame him because the Dow goes down.

    A good portion of our spending is mandated.

    Will you post that during Obama’s 8 years the US debt increased 9 Trillion.
    Here, Asshole...read this:



    During the administration of Ronald Reagan...the federal debt increased 186%

    During the administration of George W Bush...the federal debt increased 101%

    During the administration of Barack Obama...the federal debt increased 74%

    During the administration of George HW Bush...the federal debt increased 54%

    During the administration of Jimmy Carter...the federal debt increased 43%

    During the administration of Bill Clinton...the federal debt increased 32%

    Hummm!

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