Let's Run Government On Credit; And Not Collect Enough Taxes - It'll Be Great!

[PoliTalker]

DT is great at losing money.

He went bankrupt 4 times.

He has lost billions.

Now he's losing trillions for the USA.

Our debt goes up by more than a trillion for every year he's in office.

We gotta get rid of him to stop the bleeding.

The juice is flowin, so he's got to get GOIN!

[Stone]

What could possibly go wrong?

Debt is just a word, right?

We're old white men. We don't care. We'll be dead when the bill comes due.

Besides. We've got you fooled that this economy can last forever like this!

Enjoy it while you can. We sure are....................

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Oh and btw: We are also killing all regulations. We don't care what they do. They are all alike, and we don't like them because they cost us money. And we can't get enough money.

So: No more regulations!

What could possibly go wrong?

Don't tell us. We don't care.

Quick question. Do you not believe that there exists such a thing as rich old black men? Hispanic, Asian, ect ect ect? If not, why not? This would seem to indicate some racist thinking on your part. Not good. Or..... if you do in fact believe such people exist why would you totally exonerate them from such behaviors while only scorning one race of rich and old? Again.....this would also seem to indicate racism on your part. Be better than that.

[Stone]

Hey look! I found one already! LOL

[Stone]

tic toc...... The great awakening is on the horizon. In more ways than one...

[PoliTalker]

Hello Stone,

Quick question. Do you not believe that there exists such a thing as rich old black men? Hispanic, Asian, ect ect ect? If not, why not? This would seem to indicate some racist thinking on your part. Not good. Or..... if you do in fact believe such people exist why would you totally exonerate them from such behaviors while only scorning one race of rich and old? Again.....this would also seem to indicate racism on your part. Be better than that.

Your suggestion of racism is incorrect - off base - based on false assumptions. I am calling out the actions I see as bad for the nation. Of course there are wealthy people of all races. There's not a lot of diversity in the Republican party. Nothing like the Democratic party. Lots of diversity there. Just a glance at pics of the 116th House of Representatives will make my point. The Dems are widely varied in race, age, sex, wealth. The Republicans are mostly rich old white men. I don't exonerate any bad behaviors, no matter who. You saw me criticize a liberal in another thread for being very nasty to you. You did provoke it, but he was still wrong to take the bait and go off on you. And you were wrong to later join in the insult contest. I have to say it was not a very impressive political discussion. Anybody can unload a bunch of name-calling.

I think, for very powerful people, greed just gets to be a habit. They are so accustomed to getting their way it's like a game to them. It has to be. I mean, once an individual already has everything they need and a fabulous life, why do they need more? What is the point of having more wealth than one can possibly spend in a lifetime? You can't take it with you. You could leave it to descendants, but why? If they are raised properly and well educated and motivated, they are perfectly capable of making their own way in the world. Giving people extreme wealth removes the challenge to make it. They must always contend with the knowledge that they got a helping hand, deal with the guilt factor.

When somebody has a luxury home or 2 or five, and all the toys their hearts desire, wealth and holdings, could never spend it all, why do they press so hard for more? Is it just some sort of wealth competition? He who dies with the most wins? Wins what? I just don't understand the greed. And how do they deal with knowing that they often have to screw other people to get rich. Like DT, the way he stiffed contractors. Let 'em finish the whole job and then refuse to pay. Pick out some imperfection which was never part of the deal, then claim the whole job is worthless, refuse to pay. He put small businessmen out of business to build his casinos. That's rotten. A business destroyed. Workers lost jobs over that. That's dirty rotten greed. And it's typical of his whole life. Always working some angle to cheat somebody or the government. Nothing above board ever.

Says anything to get attention - rarely means it. Just wants free publicity (to get rich). I remember the boasting that he could pay off the entire federal debt in 8 years. It's him. The words cam out of his mouth. Then he gets elected and runs the debt up. And the Republicans who were SO WORRIED ABOUT THE DEBT going up to 19 trillion under Obama (like it was the end of the country) suddenly are silent about 22 trillion + under DT. It's a fake economy, the government is running on credit, it can't last, it's irresponsible to have a big tax give-away to the richest. Wrong time. The economy was already great before the tax cut. Big corporations did stock buy-backs, not expansions. Half the country has no wealth or close to it. This isn't prosperity, this is a class war and the rich already won. Now they're just working the public over for every dime they can squeeze and leaving the USA with a dangerous federal debt to GDP ratio.

If you can't reduce the debt during a good economy you will never be able to do it during a recession. Or are recessions suddenly a thing of the past? Can't happen again? Except maybe this virus is causing one as we speak...

[Stone]

But the fact is you did not call out rich old men of all races,...ONLY old White men. Say what you want, but to me thats pretty telling.

Put it this way. If I witnessed 4 young black men , a young white man and a young Hispanic all pull a robbery together I wouldnt proclaim that young black men are committing too many robberies. Would you?

[Stone]

I always thought the left believed,...well....SAID they believed anyway, that people should all be judged on their own merit and not lumped together as a group. The older I get the more I see that not only doesnt the left believe that now,.... the truth is they never have.

[Flash]

What could possibly go wrong?

Debt is just a word, right?

We're old white men. We don't care. We'll be dead when the bill comes due.

The bill never comes due. The amount we spend on interest (10.1%) will just continue to rise. When treasuries come due we just roll them over and pay for them with newly borrowed funds.

[PoliTalker]

Hello Stone,

You are entitled to your beliefs, however incorrect they may be. And boy, are you off base. I mean, just look at who you support. What piece of work. A liar, cheat, racist, misogynist, xenophobe, conman, impeached crook who repeatedly went bankrupt so many times that no American bank would loan to him. Hollywood Access video, Stormy Daniels scandal, fraudster and tax evader who violated the Constitution, risked the international American security position with a bribe to try to rig an American election using foreign intervention by illegally withholding funds he had no power to withhold. Then he tried to cover it all up by sitting on the WB report, burying the convo on a secure server for classified stuff.

He has cheated on every wife he has ever had and been twice divorced. And he's a cradle-robber. Likes 'em a bit on the young side. He's a nepotist who failed to drain the swamp or get Mexico to build the wall. Or release his taxes as promised. He screwed up the Iran situation, and gave Kim Jong Un a huge international photo-op leg-up without ending the nuclear threat (Despite very clearly announcing the threat was over. another lie) He's an international embarrassment. He has the highest turnover of any administration because nobody can stand to work for him. He's ripping off the taxpayers with exorbitant golf cart rental billings that he causes on purpose. He's being sued by international investors over his Panama City Hotel, and that's just the beginning of a long list of law suits he's involved in. Never has there been a president with so many court cases all going on at once. He runs afoul of the law. He's messed up in the head and he can't sleep. He doesn't get good REM sleep, so his attention span is at least the length of a gnat. Sleep deprivation is probably why he is so irritable all the time.

And he's spending like crazy and irresponsibly running the debt up during the strong economy that could be paying it down.

No wonder you don't want to talk about him. A bag of excuses for all that would be too much heavy lifting.

He should be in prison for fraud and tax evasion if not emoluments.

[PoliTalker]

Hello Flash,

The bill never comes due. The amount we spend on interest (10.1%) will just continue to rise. When treasuries come due we just roll them over and pay for them with newly borrowed funds.

Right on. Free money. What could possibly go wrong with that pyramid of debt scheme?

Why, it almost sounds too good to be true!

[cawacko]

The bill never comes due. The amount we spend on interest (10.1%) will just continue to rise. When treasuries come due we just roll them over and pay for them with newly borrowed funds.

Now we have folks like Bernie and AOC who support MMT which essentially says deficits don’t matter and because we control the printing press we can run them up as high as we want to achieve our policy goals.

[Stone]

Hello Stone,

You are entitled to your beliefs, however incorrect they may be. And boy, are you off base. I mean, just look at who you support. What piece of work. A liar, cheat, racist, misogynist, xenophobe, conman, impeached crook who repeatedly went bankrupt so many times that no American bank would loan to him. Hollywood Access video, Stormy Daniels scandal, fraudster and tax evader who violated the Constitution, risked the international American security position with a bribe to try to rig an American election using foreign intervention by illegally withholding funds he had no power to withhold. Then he tried to cover it all up by sitting on the WB report, burying the convo on a secure server for classified stuff.

He has cheated on every wife he has ever had and been twice divorced. And he's a cradle-robber. Likes 'em a bit on the young side. He's a nepotist who failed to drain the swamp or get Mexico to build the wall. Or release his taxes as promised. He screwed up the Iran situation, and gave Kim Jong Un a huge international photo-op leg-up without ending the nuclear threat (Despite very clearly announcing the threat was over. another lie) He's an international embarrassment. He has the highest turnover of any administration because nobody can stand to work for him. He's ripping off the taxpayers with exorbitant golf cart rental billings that he causes on purpose. He's being sued by international investors over his Panama City Hotel, and that's just the beginning of a long list of law suits he's involved in. Never has there been a president with so many court cases all going on at once. He runs afoul of the law. He's messed up in the head and he can't sleep. He doesn't get good REM sleep, so his attention span is at least the length of a gnat. Sleep deprivation is probably why he is so irritable all the time.

And he's spending like crazy and irresponsibly running the debt up during the strong economy that could be paying it down.

No wonder you don't want to talk about him. A bag of excuses for all that would be too much heavy lifting.

He should be in prison for fraud and tax evasion if not emoluments.

You still arent addressing what I said, and its easy to see why. The FACT remains,....you only called out one race. You lumped all old rich white men together. By your own logic Bernie doesnt deserve to be president. Afterall,...he is a rich old white man. And according to you,....rich old white men are ALL THE SAME. So why bother, he is no different than Trump, just another rich old white man.

[PoliTalker]

Good morning Stone,

Are we at an impasse?

We can't seem to find a subject we both wish to discuss. I established one in the OP, but you have ignored it:

You still arent addressing what I said, and its easy to see why. The FACT remains,....you only called out one race. You lumped all old rich white men together. By your own logic Bernie doesnt deserve to be president. Afterall,...he is a rich old white man. And according to you,....rich old white men are ALL THE SAME. So why bother, he is no different than Trump, just another rich old white man.

You haven't addressed what I have said. I have most certainly addressed what you have said, thusly: -> You are entitled to your beliefs, however incorrect they may be. < - That's it. That is all I have to say about your ridiculous racism bender. I am under no obligation to entertain your strange beliefs. This is my thread. I'll decide what I choose to comment on.

This is a thread about the irresponsibility of running the government on credit, especially during a time when we could be putting our financial house in order. At least up until a few days ago. Who knows if the economy is coming back or if this is the beginning of a big slide downward. Maybe there will be a rally today in the stock market. I'm sure all the greedy holders of big portfolios are hoping for it, but really, it was inflated and due for a correction.

That you still refuse to comment on the subject of the thread indicates we may not be able to have much of an intellectual conversation. One thing is clear. This is my thread. I will determine the scope. I will not participate in your hijacking. Have you no opinion on the irresponsibility of running the government on credit without collecting enough revenue? Giving the already-rich a freebie hand-out tax reduction when the country needs the taxes higher? I can understand why short sided greedy rich people want to do this. Especially if they are old and unconcerned with the greater future. They are merely obsessed with personal wealth acquisition at a cost to America. It's all they know. A bad habit, as far as the nation is concerned. Quite selfish of them. Very selfish indeed.

What makes them so special? Why should the natino be hurt for their greed?

Why should their concerns outweigh those of the rest of the nation which yearns for better debt service, infrastructure upgrades and more social programs for the multitudes of needy created by the class war?

Why should they be able to get away with such brash selfishness?

Because they are rich and powerful and determined to force their immaturity on others?

-A lousy reason we cannot afford to entertain.

Such selfishness!

[Flash]

Now we have folks like Bernie and AOC who support MMT which essentially says deficits don’t matter and because we control the printing press we can run them up as high as we want to achieve our policy goals.

That MMT stuff is either over my head or just plain crazy.

[cawacko]

That MMT stuff is either over my head or just plain crazy.

Yes. I listened to two podcasts on it and still have trouble fully internalizing it other than we can spend what we want because we control the printing press and this is how progressives can achieve their economic agenda. Stephanie Kelton is an economist for Bernie's campaign and she's a big proponent of MMT and has been interviewed extensively about it.