Gov't spending | National Debt

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Re: Gov't spending | National Debt

Postby Zarniwoop » Fri Sep 14, 2018 6:00 pm

mdb1958 wrote:Yes I mean debt. Damn ------------------ I wish you'd delete your post and start over.



I think you and I talked about this before. I see very little correlation between outsourcing and our national debt.
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Re: Gov't spending | National Debt

Postby bucfanclw » Fri Sep 14, 2018 6:20 pm

Zarniwoop wrote:
mdb1958 wrote:Yes I mean debt. Damn ------------------ I wish you'd delete your post and start over.



I think you and I talked about this before. I see very little correlation between outsourcing and our national debt.

Well there is the correlation that offshoring can result in companies shifting their stated incomes resulting in tax loopholes, but I dont really see that as the biggest issue.
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Re: Gov't spending | National Debt

Postby mdb1958 » Fri Sep 14, 2018 7:14 pm

http://www.thebalance.com/us-debt-by-pr ... nt-3306296 All those figures are what we are short of for funds. Going from billions to trillions is a crazy jump. It happens when the money ran away and its not a coincidence.


You think about the mass exodus of jobs and money from our country and then watch the dollar amount of our spending.

The collection of money is going one way and the spending is going another way. In a short period of time China totally killed the heat and transfer business and now they own the majority of the profits, mega billions. It turned into transference of goods where your profit came from bloating the price and making the Americans pay for it - this happened with everything.

Even if you reduce spending, the collection of funds falls way short, the use of our trillions in the rest of the world sent us into a tailspin.Those trillions help the rest of the world and made hundreds of trillions in profits that did not benefit us like it would of if it was being used in the US.

Wars didnt help.
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Re: Gov't spending | National Debt

Postby mdb1958 » Fri Sep 14, 2018 7:29 pm

2007 was congresses brilliant idea of helping every American own a house failure.
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Re: Gov't spending | National Debt

Postby Mountaineer Buc » Fri Sep 14, 2018 9:55 pm

mdb1958 wrote:2007 was congresses brilliant idea of helping every American own a house failure.

You give the government too much credit.
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Re: Gov't spending | National Debt

Postby mdb1958 » Sat Sep 15, 2018 6:28 am

110th Congress.

After 12 years the Dems get control. They thought it was a good idea for every American to own a home, even knowing they couldnt afford one.

The money, the power, and the puppets all knew the bs that was happening. Good ole puffer Barney Frank.
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Re: Gov't spending | National Debt

Postby bucfanclw » Sat Sep 15, 2018 7:28 am

mdb1958 wrote:110th Congress.

After 12 years the Dems get control. They thought it was a good idea for every American to own a home, even knowing they couldnt afford one.

The money, the power, and the puppets all knew the bs that was happening. Good ole puffer Barney Frank.

Dude. The 110th Congress started with the housing crisis already in effect. Also, the line you're regurgitating about it being a bad idea for some people to own homes is off the mark because the data showed it was a rash of real estate investors that were defaulting on loans at a high rate since they were getting into subprime ARMs. Do some reading on the subject.
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Re: Gov't spending | National Debt

Postby mightyleemoon » Mon Sep 17, 2018 11:15 am

Why is anyone even pretending that this conversation is partisan at all? Over-spending is easily the most bi-partisan issue in existence. Democrats and Republicans alike have no interest in solving this issue. The only thing they seem to know how to do is point across the aisle and direct blame. And, the more hyper-partisan our government/citizens become, the less likely this issue will ever be addressed.

Don't expect anything to change on the debt front in your lifetime.
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Re: Gov't spending | National Debt

Postby mdb1958 » Wed Sep 26, 2018 8:49 am

Mountaineer Buc wrote:Japan wrote off nearly half of it's national debt
Poof. Gone.


MB, I read your link and then I check Japans debt and its nearly 13 tril. Somebody believes story's.
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Re: Gov't spending | National Debt

Postby mdb1958 » Wed Sep 26, 2018 8:50 am

mightyleemoon wrote:Why is anyone even pretending that this conversation is partisan at all? Over-spending is easily the most bi-partisan issue in existence. Democrats and Republicans alike have no interest in solving this issue. The only thing they seem to know how to do is point across the aisle and direct blame. And, the more hyper-partisan our government/citizens become, the less likely this issue will ever be addressed.

Don't expect anything to change on the debt front in your lifetime.

One side wants free more than the other and free aint free.
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Re: Gov't spending | National Debt

Postby Deuce » Wed Sep 26, 2018 9:00 am

mightyleemoon wrote:Why is anyone even pretending that this conversation is partisan at all? Over-spending is easily the most bi-partisan issue in existence. Democrats and Republicans alike have no interest in solving this issue. The only thing they seem to know how to do is point across the aisle and direct blame. And, the more hyper-partisan our government/citizens become, the less likely this issue will ever be addressed.

Don't expect anything to change on the debt front in your lifetime.


My memory of this is fuzzy. But I heard someone talking about this on a podcast. We spend billions on military operations in Afghanistan every year, still. If anyone was serious about the deficit, they'd put an end to those. But check out the spending, especially under Obama.
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Re: Gov't spending | National Debt

Postby Mountaineer Buc » Wed Sep 26, 2018 9:01 am

mdb1958 wrote:
Mountaineer Buc wrote:Japan wrote off nearly half of it's national debt
Poof. Gone.


MB, I read your link and then I check Japans debt and its nearly 13 tril. Somebody believes story's.

The article is from last year and says Japan has been writing off 750B a year, but doesn't say where they started from so I can't really tell you one way or another how much their debt has grown or shrank in the last year. I confess to not being an expert on Japanese macroeconomics. It's the method they are employing that I found interesting.
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Re: Gov't spending | National Debt

Postby Deuce » Wed Sep 26, 2018 9:06 am

Mountaineer Buc wrote:
mdb1958 wrote:
MB, I read your link and then I check Japans debt and its nearly 13 tril. Somebody believes story's.

The article is from last year and says Japan has been writing off 750B a year, but doesn't say where they started from so I can't really tell you one way or another how much their debt has grown or shrank in the last year. I confess to not being an expert on Japanese macroeconomics. It's the method they are employing that I found interesting.


pfffft. Casual.
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Re: Gov't spending | National Debt

Postby mdb1958 » Wed Sep 26, 2018 9:08 am

Mountaineer Buc wrote:
mdb1958 wrote:
MB, I read your link and then I check Japans debt and its nearly 13 tril. Somebody believes story's.

The article is from last year and says Japan has been writing off 750B a year, but doesn't say where they started from so I can't really tell you one way or another how much their debt has grown or shrank in the last year. I confess to not being an expert on Japanese macroeconomics. It's the method they are employing that I found interesting.


Prolly everyone there wants it to get paid too. The same evil that has their shite 3 miles down in a hole, created ours too.

They are really doing it to everybody LOL.
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Re: Gov't spending | National Debt

Postby Zarniwoop » Tue Mar 26, 2019 8:16 am

We're #1....We're #1....We're #1!!!!


The Treasury announced Friday that the federal government spent $234 billion more than it brought in during February, breaking the record for the largest monthly budget deficit. Barack Obama's Treasury Department set the previous record in February 2012, with a deficit of $231 billion.
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Re: Gov't spending | National Debt

Postby TheChefO » Tue Mar 26, 2019 8:58 am

Mountaineer Buc wrote:...It's the method they are employing that I found interesting.


Indeed.

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Re: Gov't spending | National Debt

Postby PetePierson » Tue Mar 26, 2019 11:24 am

mightyleemoon wrote:Why is anyone even pretending that this conversation is partisan at all? Over-spending is easily the most bi-partisan issue in existence. Democrats and Republicans alike have no interest in solving this issue. The only thing they seem to know how to do is point across the aisle and direct blame. And, the more hyper-partisan our government/citizens become, the less likely this issue will ever be addressed.

Don't expect anything to change on the debt front in your lifetime.


This as well as the cost of almost two decades in the Middle East, for what?
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