Voters: pay attention on the debt limit

PostmodernProphet said:
Bush doubled the national debt........Obama doubled it again.........in his first three years Trump added 25% of what Obama added........in his 4th year Pelosi added half of what Obama added.......in two years Biden added more than Trump added in 3 years......your math does not compute.....

https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
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My math does compute. You are just stupid.

Potus INHERIT the debt and have no control over what they inherit. They can control the deficits and that is what matters as that is in their control.


if i give you 100 maxed out credit cards and tell you, you have to manage them, the over all debt, due to interest is almost certainly going to grow. You have little power over that historical debt and it will continue to compound and grow as it always has.

Dumb people like you do not understand that, and so you just look at the ACCUMALATING debt and blame the last guy more. That is dumb.

What you need to look at is who manages the credit cards best while they have them? Are they increasing the problem (increasing deficits adding even more to the debt) or decreasing the deficits.

And on that there simply is no denying that Republican POTUS admins spend like drunken sailors with massive deficits that add more and more to the debt.

The US debt is not going to be retired, EVER, it can only be managed such that it hopefully grows at a slower rate than GDP and the economy. If that happens then the Debt will remain manageable. But Republican Potus always make that hard with their prolific budget deficits adding to the debt while Dem Potus, are far better.


Again in terms of 'Deficits for Dummies' basic guidebook look at the below trends and assume that is you with the credit cards and explain how the trajectory Bush or Trump is on can EVER see the debt accumulation shrink and look at the path Obama and Biden were/are on, and you can see how that becomes manageable...

Deficit-by-president.jpeg



budget_deficit_or_surplus.gif



So you can see the pattern of GOP POTUS handing over shit to Dem POTUS with a trajectory of over spending and growing deficits, and then Dem Potus righting the ship.

Again imagine if we give you the credit cards and look at the images above and think how if you follow the Trump or Bush spending that will ever be positive to the debt/deficits. Even someone as dumb as you should be able to see it in the pictures.
 
T. A. Gardner said:
The debt ceiling works very much like a credit card.

The US has a line of credit. It can borrow $300 (using small numbers to make this easy). It has borrowed $300. The problem is interest on that debt has gone up due to inflation and higher interest rates. So now the US has a debt of $310. It needs $10 more credit limit it doesn't have. Thus the debt ceiling needs to be raised (the line of credit increased).

What the Republicans are saying is We will raise the ceiling to $310 but you need to cut some spending to keep things there too. The Democrats are saying We want the limit raised to $400 so we can continue to spend what we've been spending and add some new debt on the card. This is usually called "float." It's the difference between what you've already spent and owe and what credit you still have available for new spending.
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Stop saying stupid stuff. JUST STOP.

You know if you have credit cards they have caps and you simply cannot spend above it. You get stopped and charges denied.


Regardless of what the debt ceiling is, the gov't can pass budgets (and do each term) that blow thru the limits. So if you lower or raise the debt ceiling under Biden it would not stop Trump, one iota, if he was POTUS in 2024, blowing right thru it, running massive deficits and then just demanding the GOp and Dems raise the debt ceiling to cover the money ALREADY SPENT.

So lowering the debt ceiling now does not nothing to prevent future BUDGET abuse. NOTHING.


If the Debt ceiling is raised today so prior debts can be paid, it in NO WAY means future govts cannot put in responsible budgets and still spend less. Just like if they raise your credit card limit you do not have to run it up to its new limit. You control that thru your budgeting and not the 'amount of debt available'.
 
PostmodernProphet said:
you are a demmycrat......you HAVE!....
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And you are a Republicunt, who ignores truth and fact.

There simply is no denying (we know stupid people think saying 'i deny it' means something) that it is GOP irresponsible POTUS who ALWAYS change the trajectory to one of massively increasing the deficits and thus the debt and Dem ones who change that trajectory to reducing deficits.

That cannot be denied but Republicunts do not like fact or truth.
 
ExpressLane said:
The Republicans want to decrease spending and the Democrats just want to just increase the credit card spending limits and keep running up the bill. Just increasing your credit card spending limits and running up the bill doesn't work for your family and it does not work for the country either.
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Republicans controlled the president and both houses under Trump. They did not decrease spending and increased the debt $7.8 trillion. I am for decreasing spending, but it does not happen under either party.
 
BartenderElite said:
If we default on our debt - on our already established obligations - it's not a bipartisan failure.

It will be Republicans that cause us to default. It will be solely on Republicans.

The economy will go to dark places that are hard to even imagine right now. But Republicans don't care, if they feel like they can gain political advantage. They're willing to create suffering for millions to do that.

If it happens, voters should never forget.
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MTG is not smart enough to understand the economics. Neither are the Trump right wingers on this site. They don't understand it. They just know Biden and the Democrats want it raised, so they are opposed. They have nothing else. They stand for nothing. They do not care about the country.
 
QP! said:
And you are a Republicunt, who ignores truth and fact.

There simply is no denying (we know stupid people think saying 'i deny it' means something) that it is GOP irresponsible POTUS who ALWAYS change the trajectory to one of massively increasing the deficits and thus the debt and Dem ones who change that trajectory to reducing deficits.

That cannot be denied but Republicunts do not like fact or truth.
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as I recall Bush didn't cause the housing crisis back in 2008 and Trump didn't cause the Covid crisis in 2019......
 
QP! said:
Is that a defense of saying 'ya but it was not their fault'? Which requires you admit it to begin with?
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no....that's simply pointing out the fact that you were wrong when you said it WAS their fault......was that too complicated for your tiny lib'rul mind to comprehend?......
 
QP! said:
Is that a defense of saying 'ya but it was not their fault'? Which requires you admit it to begin with?
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It appears that PMP cannot discern the difference between an event controlled by Congress and one that isn't. That level of ignorance is why we are facing this situation. They are so stupid they don't begin to understand the basics.
 
PostmodernProphet said:
no....that's simply pointing out the fact that you were wrong when you said it WAS their fault......was that too complicated for your tiny lib'rul mind to comprehend?......
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Who cares if Bush caused the housing crisis or not or Trump caused covid or not, if they had no massive deficits?

You understand your point has no meaning, if they had no big deficits, right? You could brag, that 'despite the housing crash and covid, they managed well and had no massive deficits'.

Instead what you offered was an excuse or reason FOR WHY they had massive deficits. "Covid' and 'housing crisis' that was not their fault. Thus you are ADMITTING they had the massive deficits while pointing at reasons why.

In your pea sized brain you do not even understand the implications of the words you say.

Dad to PostmodernIdiot : Did you punch the other boy?
- NO dad

- Are you sure?
- Well he pushed me,

- Ok so you are admitting you did punch him but are giving a reason for it. Got it.



PostmodernIdiot - hurr durr you tricked me into admitting it. I am so dumb.
 
Concart said:
It appears that PMP cannot discern the difference between an event controlled by Congress and one that isn't. That level of ignorance is why we are facing this situation. They are so stupid they don't begin to understand the basics.
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spending isn't controlled by Congress?......tell us another one, Karen.......
 
PostmodernProphet said:
Yes, dad, and his name was QP!....
Good job, son.....
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So again you admit the issue, but you have an excuse for why it happened.

We will call that progress from you now admitting Trump and Bush massive deficits, and its fine if you want to say 'but they were dealing with stuff'. The point is we agree on the facts. The GOP Potus run up deficits and hand Dem POTUS crap economies. Dem Potus turn the deficits way down, and had the GOP ones strong economies.


If you take solace in saying 'true but it was not the GOP POTUS fault for reasons....' then so be it. We do agree on the core facts that they do it.
 
QP! said:
So again you admit the issue, but you have an excuse for why it happened.
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if the issue is your ignorance I admit it freely......I cannot explain why it happened.....ask your parents......as to the budgets I have provided you with correct data, I cannot make you read it......
 
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