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Topic Title: Booming economy or booming deficits?
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Created On: 09/12/2019 11:41 AM
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 09/12/2019 11:41 AM
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3rdworldlover

Posts: 22495
Joined Forum: 07/25/2003

Treasury Dept: US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year.
 09/12/2019 11:47 AM
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RustyTruck

Posts: 33300
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When the crash comes, it's going to be doozy.

-------------------------
Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 09/12/2019 11:56 AM
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tpapablo

Posts: 43826
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Originally posted by: RustyTruck When the crash comes, it's going to be doozy.
The deficits will be a problem, as I consistently said throughout the Obama presidency and the end of the Bush presidency. I ask for the umpteenth time, what do we cut? The only answer is entitlements because that is where the spending is. So, if that is done, what will you guys say? "The Republicans are screwing the poor, sick and old." You will use that refrain to scare people into voting for dems and progs. So maybe you guys should stop that crap if you really care about the deficit, huh?

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I :heart; Q
 09/12/2019 12:03 PM
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sandi

Posts: 8932
Joined Forum: 03/26/2007

Employment is good. However, many people have multiple jobs to pay bills. The "Chosen One," is supplimenting incomes, and raising the debt ceiling at the same time. People need to realize, that debt. is our debt. You and I will have to pay it back.

It's a form of Socialism, disguised as Capitalism.

It must be the dems. fault. Blame it on Obama. "The Chosen One," has never made a mistake.

Although "The Amazing People " he hires, all get fired, and then he calls them names.

They where 'So Good,"when he hired them. Now, they are terrible.

It all makes perfect sense.

However, Rocketman and Putin are still Amazing.
 09/12/2019 12:20 PM
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RustyTruck

Posts: 33300
Joined Forum: 08/02/2004

Originally posted by: tpapablo

Originally posted by: RustyTruck

When the crash comes, it's going to be doozy.


The deficits will be a problem, as I consistently said throughout the Obama presidency and the end of the Bush presidency. I ask for the umpteenth time, what do we cut? The only answer is entitlements because that is where the spending is. So, if that is done, what will you guys say? "The Republicans are screwing the poor, sick and old." You will use that refrain to scare people into voting for dems and progs. So maybe you guys should stop that crap if you really care about the deficit, huh?


Bullshit, we raise taxes to Eisenhower rates and reduce the military to levels on par with the rest of the developed world, then pay off the debt and improve the health and well being of the people who get up and work every day.

-------------------------
Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 09/12/2019 02:20 PM
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Cole

Posts: 68176
Joined Forum: 07/22/2003

Yep, massive tax breaks for the wealthy are the first thing to go. If you want a booming economy, you give the money to those of us who spend it, aka the Middle and Upcoming classes.

Trickle Down is a Reagan lie to help the wealthy.

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I was right.
 09/12/2019 02:42 PM
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tpapablo

Posts: 43826
Joined Forum: 07/25/2003

Originally posted by: RustyTruck
Originally posted by: tpapablo
Originally posted by: RustyTruck When the crash comes, it's going to be doozy.
The deficits will be a problem, as I consistently said throughout the Obama presidency and the end of the Bush presidency. I ask for the umpteenth time, what do we cut? The only answer is entitlements because that is where the spending is. So, if that is done, what will you guys say? "The Republicans are screwing the poor, sick and old." You will use that refrain to scare people into voting for dems and progs. So maybe you guys should stop that crap if you really care about the deficit, huh?
Bullshit, we raise taxes to Eisenhower rates and reduce the military to levels on par with the rest of the developed world, then pay off the debt and improve the health and well being of the people who get up and work every day.
Tax revenues/GDP under Eisenhower was the same as they are now.

-------------------------
I :heart; Q
 09/12/2019 03:29 PM
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RustyTruck

Posts: 33300
Joined Forum: 08/02/2004

Originally posted by: tpapablo

Originally posted by: RustyTruck

Originally posted by: tpapablo



Originally posted by: RustyTruck



When the crash comes, it's going to be doozy.




The deficits will be a problem, as I consistently said throughout the Obama presidency and the end of the Bush presidency. I ask for the umpteenth time, what do we cut? The only answer is entitlements because that is where the spending is. So, if that is done, what will you guys say? "The Republicans are screwing the poor, sick and old." You will use that refrain to scare people into voting for dems and progs. So maybe you guys should stop that crap if you really care about the deficit, huh?




Bullshit, we raise taxes to Eisenhower rates and reduce the military to levels on par with the rest of the developed world, then pay off the debt and improve the health and well being of the people who get up and work every day.


Tax revenues/GDP under Eisenhower was the same as they are now.


What was the top marginal tax rate?

I'm glad to hear you're in favor of restoring it. The economy booms when the people who work and spend have more money.


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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".

Edited: 09/12/2019 at 03:31 PM by RustyTruck
 09/12/2019 04:08 PM
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Cole

Posts: 68176
Joined Forum: 07/22/2003

Tfish doesn't think public spending helps the economy, at least he didn't when Obama was president.

-------------------------
I was right.
 09/12/2019 06:35 PM
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cheaterfiveo

Posts: 5092
Joined Forum: 08/29/2013

I guess we need to readdress shovel ready
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