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Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 8:00 am
by Zarniwoop
(figured it could use its own thread)

Less than 48 hours after the CBO just released its figure that the deficit is going to be about a quarter of a TRILLION dollars more than they thought (because of a 7% increase in spending and only a 1% increase in gov't revenue), a new $150 Billion bill just passed.

The house voted 377 - 20, the Senate voted 92 - 5.

YAY BIPARTISANSHIP!!!!



What makes this even worse is that two more additional spending bills are going to be voted on the coming weeks.


What the **** is wrong with these people?

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 8:06 am
by DreadNaught
Zarniwoop wrote:(figured it could use its own thread)

Less than 48 hours after the CBO just released its figure that the deficit is going to be about a quarter of a TRILLION dollars more than they thought (because of a 7% increase in spending and only a 1% increase in gov't revenue), a new $150 Billion bill just passed.

The house voted 377 - 20, the Senate voted 92 - 5.

YAY BIPARTISANSHIP!!!!



What makes this even worse is that two more additional spending bills are going to be voted on the coming weeks.


What the **** is wrong with these people?


These bills get bipartisan support b/c they fund programs that each side supports.

If they vote against spending bills it's used against them. "Candidate so and so voted NO on issue X".

The **** is rigged so money is spent to where the ONLY thing everyone agrees on is to spend more money.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 8:18 am
by bucfanclw
Companies don't put all that money into lobbying expecting no return...

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 8:47 am
by beardmcdoug
I remember the moment I realized that our government actually has no plan to tackle our national debt. It was maybe 8 years ago, I was riding in the car with my dad talking about politics, etc... the details are unimportant... but man, what a perspective-shifting moment. I was maybe around 22 at the time. Unsure about my future. Unsure about my place in the world. Unsure about what it meant to be an "adult". Then to realize that the "adults" running the most powerful nation in the world have absolutely zero plan to pay back this astronomical mound of money - and that we're all just sort of "playing along", was a really weird thing.

On one hand it, it was sort of a comforting feeling for my 22 year old self, like "oh ****, NOBODY actually knows what the **** they're doing...hey maybe I can take advantage of that (and play ball in this world; small scale - my life)", then it was like an "oh ****, NOBODY knows what the **** they're doing... somebody is going to take advantage of that (corrupt players, china, etc; large scale - the world)"

Idk, its just a really weird, unexpected reality. I'm sure you older dudes might not see it like that, since it wasn't on this exponential growth path pre-2000's. When I had this realization, it was around 2010, and the debt had doubled in the 10 years leading up to that moment. Now, in the 10 years since, it has doubled again, and there really doesn't seem like any reason to believe this is going to stop. And I'm still not really sure what the implications are... and I don't think I'm alone

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 9:18 am
by PanteraCanes
beardmcdoug wrote:I remember the moment I realized that our government actually has no plan to tackle our national debt. It was maybe 8 years ago, I was riding in the car with my dad talking about politics, etc... the details are unimportant... but man, what a perspective-shifting moment. I was maybe around 22 at the time. Unsure about my future. Unsure about my place in the world. Unsure about what it meant to be an "adult". Then to realize that the "adults" running the most powerful nation in the world have absolutely zero plan to pay back this astronomical mount of money - and that we're all just sort of "playing along", was a really weird thing.

On one hand it, it was sort of a comforting feeling for my 22 year old self, like "oh ****, NOBODY actually knows what the **** they're doing...hey maybe I can take advantage of that (and play ball in this world; small scale - my life)", then it was like an "oh ****, NOBODY knows what the **** they're doing... somebody is going to take advantage of that (corrupt players, china, etc; large scale - the world)"

Idk, its just a really weird, unexpected reality. I'm sure you older dudes might not see it like that, since it wasn't on this exponential growth path pre-2000's. When I had this realization, it was around 2010, and the debt had doubled in the 10 years leading up to that moment. Now, in the 10 years since, it has doubled again, and there really doesn't seem like any reason to believe this is going to stop. And I'm still not really sure what the implications are... and I don't think I'm alone


It gets real scary when you start talking to a Lawyer or Doctor and you start to realize you are smart than them.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 10:19 am
by Mountaineer Buc
What happens if the interest payments on the national debt exceed tax revenue?

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 10:32 am
by mdb1958
beardmcdoug wrote:I remember the moment I realized that our government actually has no plan to tackle our national debt. It was maybe 8 years ago, I was riding in the car with my dad talking about politics, etc... the details are unimportant... but man, what a perspective-shifting moment. I was maybe around 22 at the time. Unsure about my future. Unsure about my place in the world. Unsure about what it meant to be an "adult". Then to realize that the "adults" running the most powerful nation in the world have absolutely zero plan to pay back this astronomical mound of money - and that we're all just sort of "playing along", was a really weird thing.

On one hand it, it was sort of a comforting feeling for my 22 year old self, like "oh ****, NOBODY actually knows what the **** they're doing...hey maybe I can take advantage of that (and play ball in this world; small scale - my life)", then it was like an "oh ****, NOBODY knows what the **** they're doing... somebody is going to take advantage of that (corrupt players, china, etc; large scale - the world)"

Idk, its just a really weird, unexpected reality. I'm sure you older dudes might not see it like that, since it wasn't on this exponential growth path pre-2000's. When I had this realization, it was around 2010, and the debt had doubled in the 10 years leading up to that moment. Now, in the 10 years since, it has doubled again, and there really doesn't seem like any reason to believe this is going to stop. And I'm still not really sure what the implications are... and I don't think I'm alone



The greatest growth of the debt should line right up with the United States farming everything out to the rest of the world, taking huge losses in trade etc.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 10:37 am
by mdb1958
We go a million dollars farther in debt every 45 seconds!

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 10:44 am
by mdb1958
I think China, Japan, and Ireland are the big three that we owe. Put everybody's political bs aside and I think we could put a hurtin on them pretty quick.

Just need to pass a couple of laws where all this American money isnt able to function as well outside of our borders any more.

Like I said, make em realize the big profit days are over and they just need to take less and come on home.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:17 am
by mdb1958
Zarni I think everyone just blanked out.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:23 am
by Mountaineer Buc
“This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default. But the point is it was reported in the New York Times incorrectly."

-Donald Trump, May 2016

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:28 am
by Zarniwoop
mdb1958 wrote:Zarni I think everyone just blanked out.



I think the vast majority (but not all) think the national debt is a problem.

The disagreement however will be how to fix it. I think we have a spending problem. Lots of people though would say we have a revenue problem.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:35 am
by mdb1958
Clewy said it - favor buying, its the same as over spending. I think we could pressure these countries to the point where they would actually forgive debt.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:37 am
by Mountaineer Buc
Zarniwoop wrote:
mdb1958 wrote:Zarni I think everyone just blanked out.



I think the vast majority (but not all) think the national debt is a problem.

The disagreement however will be how to fix it. I think we have a spending problem. Lots of people though would say we have a revenue problem.

I'm not convinced the National Debt is a problem. Not so much so as to completely dismiss the possibility that it is a problem, but given the exponential growth of the debt over the last 20+ years and the sky has not fallen, I'm starting to wonder if it really is a problem.

The above quote from the President might be one of those instances where he stumbles into being exactly right.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:38 am
by uscbucsfan
Mountaineer Buc wrote:
Zarniwoop wrote:

I think the vast majority (but not all) think the national debt is a problem.

The disagreement however will be how to fix it. I think we have a spending problem. Lots of people though would say we have a revenue problem.

I'm not convinced the National Debt is a problem. Not so much so as to completely dismiss the possibility that it is a problem, but given the exponential growth of the debt over the last 20+ years and the sky has not fallen, I'm starting to wonder if it really is a problem.

The above quote from the President might be one of those instances where he stumbles into being exactly right.


Joking, right?

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:39 am
by Mountaineer Buc

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:41 am
by Zarniwoop
LOL, that takes quantitative easing to a whole new level

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:43 am
by RedLeader
Mountaineer Buc wrote:“This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default. But the point is it was reported in the New York Times incorrectly."

-Donald Trump, May 2016


ooh, ooh, is this where I post a graph to show everyone how this has been trending for decades?!



Or is that just for the 'good' economic news? :roll:

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:48 am
by Mountaineer Buc
RedLeader wrote:
Mountaineer Buc wrote:“This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default. But the point is it was reported in the New York Times incorrectly."

-Donald Trump, May 2016


ooh, ooh, is this where I post a graph to show everyone how this has been trending for decades?!



Or is that just for the 'good' economic news? :roll:

Go right ahead. At least we can get a discussion going.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:49 am
by mdb1958
Mountaineer Buc wrote:Japan wrote off nearly half of it's national debt
Poof. Gone.



Is that like the bank cares about Japan.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 11:53 am
by Mountaineer Buc
mdb1958 wrote:
Mountaineer Buc wrote:Japan wrote off nearly half of it's national debt
Poof. Gone.



Is that like the bank cares about Japan.

What do you mean?

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 12:17 pm
by mdb1958
Mountaineer Buc wrote:
mdb1958 wrote:

Is that like the bank cares about Japan.

What do you mean?




Do we have a bank of the United States? Or is it called the World Bank?

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 12:17 pm
by bucfanclw
RedLeader wrote:
Mountaineer Buc wrote:“This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default. But the point is it was reported in the New York Times incorrectly."

-Donald Trump, May 2016


ooh, ooh, is this where I post a graph to show everyone how this has been trending for decades?!



Or is that just for the 'good' economic news? :roll:

That seems like relevant data to the discussion so let's see what you've got.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 12:29 pm
by Mountaineer Buc
mdb1958 wrote:
Mountaineer Buc wrote:What do you mean?




Do we have a bank of the United States? Or is it called the World Bank?

It's called the Federal Reserve.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 4:20 pm
by RedLeader
bucfanclw wrote:
RedLeader wrote:
ooh, ooh, is this where I post a graph to show everyone how this has been trending for decades?!



Or is that just for the 'good' economic news? :roll:

That seems like relevant data to the discussion so let's see what you've got.


Image

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 5:18 pm
by mdb1958
Does anybody agree with this?



The greatest growth of the debt should line right up with the United States farming everything out to the rest of the world, taking huge losses in trade etc.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 5:21 pm
by Zarniwoop
mdb1958 wrote:Does anybody agree with this?



The greatest growth of the depth should line right up with the United States farming everything out to the rest of the world, taking huge losses in trade etc.



Do you mean debt instead of depth? That outsourcing is causing the national debt?

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 5:35 pm
by mdb1958
Yes I mean debt. Damn ------------------ I wish you'd delete your post and start over.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 5:43 pm
by bucfanclw
RedLeader wrote:
bucfanclw wrote:That seems like relevant data to the discussion so let's see what you've got.


Image

Oh. So you don't want to actually converse with the adults, you just want to sit there and cry because someone provided data that clouded your worldview in another thread? Can't say I'm shocked, but I did give you a chance.

Re: Gov't spending | National Debt

PostPosted: Fri Sep 14, 2018 5:53 pm
by RedLeader
bucfanclw wrote:
RedLeader wrote:
Image

Oh. So you don't want to actually converse with the adults, you just want to sit there and cry because someone provided data that clouded your worldview in another thread? Can't say I'm shocked, but I did give you a chance.


Lol. What contribution have you made in here besides licking the back of my balls?

Maybe I missed it.