The U.S. national debt exceeded $33 trillion for the first time ever

[Into the Night]

Conservatism is not responsible behavior because in every single instance over the last 60 years, Conservatives have bungled the economies handed to them.

Blatant lie.

Fascism is not a form of socialism, but it IS a form of Conservatism.

Fascism is a form of socialism. Conservatism is not an economic system.

Of course capitalism manipulates markets...in fact, there's a movie out right now about that very subject:

Capitalism is open markets. No manipulation. Life isn't a movie, loser.

 

[Into the Night]

Government spends in the same economy as everyone else.

But they don't produce anything. Government doesn't make a profit. They take more out of the economy then what they spend.

 

[Into the Night]

So government DOES create jobs.

You just wrote a paradox.

Fallacy fallacy. It is not a paradox to say government does not create jobs except in government.

 

[Into the Night]

But it's true! The market growth under Trump BEFORE COVID was the worst since the Great Recession.

Blatant lie.

Nope, it was 2019 and it was because of the tax cut:

Blatant lie.

In contrast with steady growth in the larger economy, U.S. factory production shrank by 1.3 percent in the past year, the Federal Reserve reported. It marked the worst year for manufacturing since 2015, as the trade war, lackluster global growth and problems at airplane maker Boeing hurt America's industrial economy.

Blatant lie. The Federal Reserve makes no such reports either.

As for COVID, the lockdowns didn't start until March, yet the economy plunged into a recession in February:
Does February come before or after March?

Blatant lie.

 

[Into the Night]

Yes, and fascism is Conservatism...they're the same. That's why Conservatives nominate people like Arthur Jones.

Fascism is not conservatism. Fascism is a form of socialism.

 

[Into the Night]

Repetition fallacy

Bulverism fallacy

Denial of history

LIF. Grow up.

 

[Into the Night]

LMAO

Without government, how would capitalism survive a market crash?

It doesn't crash. It can't.

 

[Into the Night]

Why wouldn't they be employed?

I already answered this question. RQAA.

 

[Into the Night]

LMAO!

No, accuracy.

Semantics is not 'accuracy'.

Again, you are simply showing that you don't speak English.

 

[Into the Night]

You promised growth of "at least 3%" and you never hit it.

The U.S. Entered a Recession in February
June 8, 2020
https://www.nytimes.com/2020/06/08/business/economy/us-economy-recession-2020.html

Blatant lie.

 

[Into the Night]

The national debt is nothing more than a scorecard of government spending.

Debt is not a scorecard.

So we have $30T in debt but we have things to show for it like SS,

SS was not created with that debt. SS is unconstitutional. It is communism.

Medicare,

Medicare was not created with that debt. Medicare is unconstitutional. It is communism.

our military,

The military was not created with that debt.

ports,

The ports were not created with that debt.

airports,

Airports were not created with that debt. There are fewer airports than in the 60's.

national parks,

National parks were not created with that debt.

highways,

Highways were not created with that debt.

Now, reasonable people can debate as to whether any of those things are truly worth it,

Irrelevant. Some are constitutional, others are not.

but no reasonable person can conclude that tax cuts have been worth the cut to tax revenue, since growth never seems to be able to eclipse 3% with a tax cut.

Blatant lie.

 

[Into the Night]

For the thousandth time...

The reason Greece fell as it did was not because of government spending, but because of the global financial collapse that was triggered by US subprime mortgage defaults. Greece also does not have its own fiat currency, it uses the Euro. So it can't print money to get itself out of the mess it got in because it relies primarily on tourism for revenue and if there's a global economic collapse, tourism is going to take a hit.

So Greece went to the ECB for a loan and the condition of the loan was that Greece had to "cut spending"...it was THOSE SPENDING CUTS that plunged Greece into a deeper hole because when you pull money out of the economy and don't make up for it elsewhere, that contracts your economy.

It wasn't socialism that caused Greece's debt it was capitalism.

Greece didn't fall. It still exists.
Capitalism does not cause debt.

 

[Into the Night]

Since the start of trickle down economics (AKA tax cuts), household debt and personal savings rate have flipped:

Personal debt is not government debt. Tax cuts do not 'flip' anything.

 

[ptif219]

You are a special kind of stupid. You believe whatever Trump or the right says. Anything they say against it is lies. Trump's term resulted in 8 trillion added to the debt. That is 1/4th of all the debt you bleat about. That debt required 45 other presidents. https://www.americanprogress.org/ar...2, 2017, President,said upon signing the bill.

Yes because of COVID and Democrats lockdowns

 

[ptif219]

NOPE.

The economy entered a recession in February 2020, which was a month before the lockdowns.

Manufacturing had been in a recession since 2019, losing 300,000 jobs in 12 months.

Trump promised growth of at least 3% and he couldn't even beat Obama.

Yet it was far better than what we have now. You mean the recession caused by COVID that lasted only 2 months

https://www.reuters.com/business/recession-ended-april-2020-making-it-shortest-record-2021-07-19/

 

[ptif219]

Biden is a better President than any Conservative has ever been...that's why Biden's economy isn't falling apart like Trump's, Bush the Dumber's, and Reagan's did.

So you like high prices and Biden selling us to China. You look the worst border security in our history. You like hundreds of thousands dying from drugs because Biden lets the cartels control our borders

 

[ptif219]

Nope.

The economy entered into a recession in February 2020, after manufacturing had been in a recession for a year.

Even with Trump's Russia Tax Cut, GDP growth NEVER beat Obama's.

You added $8T to the debt to get growth 0.04% lower than Obama's best.

Conservatism always fails. ALWAYS.

Show proof

 

[ptif219]

Chances are you live in a part of the state that gets more spending back than what you contribute in tax revenue.

More Democrat lies. Democrats hated it when Trump stopped them from taking state taxes off federal taxes

 

[ptif219]

Trump didn't ban Chinese from coming to the US...he just banned them coming directly from China...they could still come into the US through Europe or Japan...and hundreds of thousands of them DID.

Yes and Biden called Trump a xenophobe for it and most Democrats had no clue since all they could see was impeachment

 

[Into the Night]

More Democrat lies. Democrats hated it when Trump stopped them from taking state taxes off federal taxes

He didn't.