Federal budget deficit increases 79% in July

The Off-Topic forum for anything non-LDS related, such as sports or politics. Rated PG through PG-13.
_Ceeboo
_Emeritus
Posts: 7625
Joined: Sun Feb 14, 2010 1:58 am

Re: Federal budget deficit increases 79% in July

Post by _Ceeboo »

Some Schmo wrote:Right. The white man is the victim of persecution. I forgot. For some strange reason, I tend to forget that in the face of all the institutional advantages white people have.


In case anyone is a little confused about what exactly white privilege is, Kansa City held a "white privilege conference."

(And, as a bonus, it's one of the hundreds of 5 minute Prager U videos)


https://youtu.be/41rwBgrWmUs
_Kevin Graham
_Emeritus
Posts: 13037
Joined: Fri Oct 27, 2006 6:44 pm

Re: Federal budget deficit increases 79% in July

Post by _Kevin Graham »

ajax18 wrote:
Perhaps you could get back on topic and tell us if you support Trump significantly increasing the deficit and debt so you can pay all those foreigners who own a lot of that debt?


End social security payouts now. That would solve it pretty quickly.


SS is running a surplus of over $2 trillion moron. How is stealing benefits that hundreds of millions of Americans have paid into somehow a solution to anything? If you cut the payments you have to cut the SS tax which still explodes the deficit. You don't understand basic math.
_Kevin Graham
_Emeritus
Posts: 13037
Joined: Fri Oct 27, 2006 6:44 pm

Re: Federal budget deficit increases 79% in July

Post by _Kevin Graham »

Ceeboo wrote:
Some Schmo wrote:Right. The white man is the victim of persecution. I forgot. For some strange reason, I tend to forget that in the face of all the institutional advantages white people have.


In case anyone is a little confused about what exactly white privilege is, Kansa City held a "white privilege conference."

(And, as a bonus, it's one of the hundreds of 5 minute Prager U videos)


https://youtu.be/41rwBgrWmUs


Prager is a moron with no credibility. But we've been telling you that for quite some time.
_Ceeboo
_Emeritus
Posts: 7625
Joined: Sun Feb 14, 2010 1:58 am

Re: Federal budget deficit increases 79% in July

Post by _Ceeboo »

Ceeboo wrote:
Some Schmo wrote:Right. The white man is the victim of persecution. I forgot. For some strange reason, I tend to forget that in the face of all the institutional advantages white people have.


In case anyone is a little confused about what exactly white privilege is, Kansa City held a "white privilege conference."

(And, as a bonus, it's one of the hundreds of 5 minute Prager U videos)


https://youtu.be/41rwBgrWmUs


If you don't want to watch it all, you really should watch the guy at the 2:40 section! (He "extends his white privilege over to her!") :smile:
_aussieguy55
_Emeritus
Posts: 2122
Joined: Sat Nov 18, 2006 9:22 pm

Re: Federal budget deficit increases 79% in July

Post by _aussieguy55 »

https://www.heritage.org/index/country/sweden

Apparently Sweden's debt is a third of GDP

The US is about equal and growing

The United States recorded a government debt equivalent to 105.40 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in the United States averaged 61.70 percent from 1940 until 2017, reaching an all time high of 118.90 percent in 1946 and a record low of 31.70 percent in 1981.

The Nordic countries are reported as the happiest. So high taxes does not seem a big problem as all citizens benefit from it at some time in their life.
Hilary Clinton " I won the places that represent two-thirds of America's GDP.I won in places are optimistic diverse, dynamic, moving forward"
_canpakes
_Emeritus
Posts: 8541
Joined: Wed Dec 07, 2011 6:54 am

Re: Federal budget deficit increases 79% in July

Post by _canpakes »

Ceeboo wrote:
Some Schmo wrote:Right. The white man is the victim of persecution. I forgot. For some strange reason, I tend to forget that in the face of all the institutional advantages white people have.


In case anyone is a little confused about what exactly white privilege is, Kansa City held a "white privilege conference."

(And, as a bonus, it's one of the hundreds of 5 minute Prager U videos)


https://youtu.be/41rwBgrWmUs

Oh, now you’re gonna make subs sad. He loves to play that white privilege card.
_Themis
_Emeritus
Posts: 13426
Joined: Wed Feb 17, 2010 6:43 pm

Re: Federal budget deficit increases 79% in July

Post by _Themis »

ajax18 wrote:
Perhaps you could get back on topic and tell us if you support Trump significantly increasing the deficit and debt so you can pay all those foreigners who own a lot of that debt?


End social security payouts now. That would solve it pretty quickly.


I think the debt and deficits are too large for that and ss is money Americans paid for, so it would be stealing not to pay them for their investments. reality is the US will have to cut spending by a lot and make large tax increases to be able to balance the budget and the longer you avoid doing this the more you will have to pay. So do you support Trump significantly increasing the deficits and debt? You have avoided this as I suspected you would.
42
_ajax18
_Emeritus
Posts: 6914
Joined: Wed Oct 25, 2006 2:56 am

Re: Federal budget deficit increases 79% in July

Post by _ajax18 »

I think the debt and deficits are too large for that and ss is money Americans paid for, so it would be stealing not to pay them for their investments


Social security is just a means tested welfare program. It was initially sold as a coerced retirement savings but the money was stolen long ago to provide for people who paid little if anything into it.

From what I see the debt has increased $1.5 trillion under Trump while it went from $10 trillion to $20 trillion under Obama. The debt would be much larger under Hillary Clinton still. I have no problem with Trump doing what it takes to win. If it were up to me, social security would have ended long ago. It wouldn't bother me one bit if it were gone tomorrow.
And when the confederates saw Jackson standing fearless as a stone wall the army of Northern Virginia took courage and drove the federal army off their land.
_Kevin Graham
_Emeritus
Posts: 13037
Joined: Fri Oct 27, 2006 6:44 pm

Re: Federal budget deficit increases 79% in July

Post by _Kevin Graham »

ajax18 wrote:
I think the debt and deficits are too large for that and ss is money Americans paid for, so it would be stealing not to pay them for their investments


Social security is just a means tested welfare program. It was initially sold as a coerced retirement savings but the money was stolen long ago to provide for people who paid little if anything into it.

From what I see the debt has increased $1.5 trillion under Trump while it went from $10 trillion to $20 trillion under Obama. The debt would be much larger under Hillary Clinton still. I have no problem with Trump doing what it takes to win. If it were up to me, social security would have ended long ago. It wouldn't bother me one bit if it were gone tomorrow.


You're too stupid to understand that ending SS long ago would not have an effect on the deficit, The SS program involves a $2.4 trillion surplus and you can't just cancel SS payments without cancelling the revenues as well. There are two sides to a budget, revenues and expenditures. You're too damned stupid to understand this. And I proved years ago that the debt increase during Obama was happening before he even took office because we were in the middle of paying for ridiculous wars and Bush's tax cuts. I challenged you and anyone else to demonstrate a single policy from Obama that required spending even $1 trillion, let alone $10 trillion more and you couldn't even come close.

The deficit has gone up under Trump at a higher rate than Obama and this when the wars ended, the economy is strong, and everyone is basking in record low taxes - which we were told would create more revenues because businesses will be booming with investments and all that money will trickle down. Of course none of that is happening, it never does. People who elected Trump have no right to bitch about SS or blame anyone else for a deficit explosion.
_Themis
_Emeritus
Posts: 13426
Joined: Wed Feb 17, 2010 6:43 pm

Re: Federal budget deficit increases 79% in July

Post by _Themis »

ajax18 wrote:
I think the debt and deficits are too large for that and ss is money Americans paid for, so it would be stealing not to pay them for their investments


Social security is just a means tested welfare program. It was initially sold as a coerced retirement savings but the money was stolen long ago to provide for people who paid little if anything into it.



You don't have a good understanding how of things work.

From what I see the debt has increased $1.5 trillion under Trump while it went from $10 trillion to $20 trillion under Obama.


Obama as you already know inherited an economy and the first year which had the largest deficit was approved by the Bush administration. The deficit then went down over time in poor but improving economic conditions. Trump inherited a good economy and a dropping deficit which he has turned around and significantly increased the deficit. When the crap hits the fan economically, and it always does, the US will not be in a good position to do much about it.

The debt would be much larger under Hillary Clinton still. I have no problem with Trump doing what it takes to win.


If you looked at history and positions she promoted this would obviously be untrue, but we know you like your fantasy world where exploding the deficit in good economic times is somehow called winning. You are certainly a hypocrite complaining about debt and deficit from Democrats but not when it comes to Trump.

If it were up to me, social security would have ended long ago. It wouldn't bother me one bit if it were gone tomorrow.


You don't even know how it works or what would happen if you did get rid of it.
42
Post Reply