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

[LV426]

That does not cause debt..

Yes, reducing revenue causes debt. That's why the debt grew so much during Trump and Bush the Dumber. Reducing revenue doesn't increase revenue, which was the promise you made of your failed policy.

No one 'inflated' the housing bubble. There is no such thing. The cause of the bubble was the Federal Reserve, fueling speculation.

Incorrect, Bush did with his "Ownership Society"...in fact, he campaigned on it in 2004. You probably don't remember that because you were on crystal meth at the time.

Bush Ties Policy to Record Home Ownership
https://www.foxnews.com/story/bush-ties-policy-to-record-home-ownership

He even tied his tax cuts to it!

Some of it today, some of it tomorrow, some of it next year, etc.

Oh, so you don't know. As of now, we don't have any outstanding debt payments to make so you're full of shit, as usual.

You don't know what you're saying...you're just contradicting because you don't understand this.

That's OK, though...I'm here to teach.

A debt crash.

So who would come to collect?

The dollar will become essentially worthless and the government will be forced to shut down many programs in an uncontrolled manner.

Debt doesn't make the dollar worthless...you don't really GET monetary policy, do you? This isn't something you can fake your way through.

There is no such thing as a "debt crash" because we control our own currency. We can simply write off our debt if we wanted. It's really that fucking easy.

And as for collecting on the debt, what does that look like? Paint me a picture of what happens if the ambiguous credfitoprs you are referring to decided to call in the debt? What is that process and who initiates it?

 

[LV426]

I already understand it, so you are asking that I assume you do too. I know you don't, though.

No, you don't understand because you can't explain it in real terms.

You stall like this whenever your shit is held to the slightest level of scrutiny.

 

[LV426]

Fallacy fallacy. Inversion fallacy..

Then by all means, please list all the wonderful merits of Conservative policy.

Now's your big chance to sell everyone on Conservative policy by pointing to those policy successes...which are...?

 

[LV426]

Tax cuts do not produce debt.

Tax cuts have produced more debt than anything else.

All tax cuts do is create debt.

Tax cuts also harm economic growth, as we saw after the last tax cuts failed so miserably, causing a recession before COVID.

 

[LV426]

The federal government cannot pay off it's debt.\

Sure it can! By raising revenues!

 

[LV426]

either the Constitution nor capitalists created the debt.

Conservatives created the debt as a means by which to dismantle democratic governance by using deficits they manufacture as the excuse to cut the social spending and democratic institutions they oppose, but lack the will and support to repeal through conventional legislation.

Conservatism is fiscal terrorism.

 

[LV426]

Taxes will not reduce the debt.

They are the only thing that can reduce the debt.

 

[QP!]

$27T of the $33T was spent by Demmycrats under Nancy Pelosi...

Oh hey.

Look everybody, we are back to the arguments that say Trump gets credit for the economy during his term, but the Dem's get the blame for the debt.

Hey PmP, lets then admit that it was Nancy Pelosi and not Trump who should get most of the credit for his term, right?

 

[Into the Night]

Yes, reducing revenue causes debt.

Nope. Reducing revenue does not cause debt.

That's why the debt grew so much during Trump and Bush the Dumber.

Nope. It's because Congress issued so much debt. Presidents do not cause debt. Congress does.

Reducing revenue doesn't increase revenue, which was the promise you made of your failed policy.

A paradox is not a policy.

Incorrect, Bush did with his "Ownership Society"...in fact, he campaigned on it in 2004. You probably don't remember that because you were on crystal meth at the time.

I do remember it. It was not based on government spending. It was based on government getting out of the way.

Oh, so you don't know. As of now, we don't have any outstanding debt payments to make so you're full of shit, as usual.

We do. Stop wordstuffing.

You don't know what you're saying...you're just contradicting because you don't understand this.

It is YOU contradicting, and you are wordstuffing.

That's OK, though...I'm here to teach.

You cannot teach what you do not know.

So who would come to collect?

Various factions, mostly within our own country.

Debt doesn't make the dollar worthless...

Defaulting on the debt does.

you don't really GET monetary policy, do you?

The debt is not monetary policy. You are describing yourself.

This isn't something you can fake your way through.

And you obviously can't fake your way through it.

There is no such thing as a "debt crash"

There certainly is. It occurs when the government defaults on the debt.

because we control our own currency. We can simply write off our debt if we wanted. It's really that fucking easy.

No. That's defaulting on the debt.

And as for collecting on the debt, what does that look like? Paint me a picture of what happens if the ambiguous credfitoprs you are referring to decided to call in the debt? What is that process and who initiates it?

RQAA. War.

 

[Into the Night]

No, you don't understand because you can't explain it in real terms.

You stall like this whenever your shit is held to the slightest level of scrutiny.

I am not stalling on anything.

 

[Into the Night]

Then by all means, please list all the wonderful merits of Conservative policy.

Now's your big chance to sell everyone on Conservative policy by pointing to those policy successes...which are...?

* Returning to the Constitution of the United States.
* capitalism.
* reducing or removing unconstitutional departments and programs.
* cut spending.
* encourage people to become self supporting.

You might also check out Trump's campaign platform.

 

[Into the Night]

Tax cuts have produced more debt than anything else.

All tax cuts do is create debt.

Tax cuts also harm economic growth, as we saw after the last tax cuts failed so miserably, causing a recession before COVID.

Tax cuts do not cause debt.

The current economic depression was started by DEMOCRATS.

 

[Into the Night]

Sure it can! By raising revenues!

Raising revenues does not pay off the debt. It is not possible to tax enough to pay off the debt. Attempting that will cause a tax crash.

 

[Into the Night]

Conservatives created the debt as a means by which to dismantle democratic governance by using deficits they manufacture as the excuse to cut the social spending and democratic institutions they oppose, but lack the will and support to repeal through conventional legislation.

Conservatism is fiscal terrorism.

There is no 'democratic governance'. The United States was never a democracy.
CONGRESS created the debt.
There are no 'democratic institutions'. You can't repeal what doesn't exist.

There is no such thing as 'fiscal terrorism'.

 

[Into the Night]

They are the only thing that can reduce the debt.

Taxes do not reduce the debt. It is not possible to tax enough to pay off the debt. That will cause a tax crash.

 

[PostmodernProphet]

Oh hey.

Look everybody, we are back to the arguments that say Trump gets credit for the economy during his term, but the Dem's get the blame for the debt.

Hey PmP, lets then admit that it was Nancy Pelosi and not Trump who should get most of the credit for his term, right?

I agree that the House, which drafts and passes the budget, should get most of the credit for the budget.....I'll give Trump credit for his executive orders.....by the way, did you notice the difference between the budgets that Trump received during his first three years (given to him by Republicans) and the budget given to him in his fourth year (given to him by Nancy Fancy Clap Pelosi)?......like the fact the fourth year deficit was approximately the same size as the first three combined?........

 

[Dutch Uncle]

I agree that the House, which drafts and passes the budget, should get most of the credit for the budget.....I'll give Trump credit for his executive orders.....by the way, did you notice the difference between the budgets that Trump received during his first three years (given to him by Republicans) and the budget given to him in his fourth year (given to him by Nancy Fancy Clap Pelosi)?......like the fact the fourth year deficit was approximately the same size as the first three combined?........

Maybe Trump's fucking up the US COVID response was a factor.

 

[PostmodernProphet]

Maybe Trump's fucking up the US COVID response was a factor.

if that was anything other than a lying Demmycrat meme we could have a conversation over it......

 

[Dutch Uncle]

if that was anything other than a lying Demmycrat meme we could have a conversation over it......

Okay, Pmp. If you don't want to talk about that, then let's talk about which of the two meals you picked for dinner tonight? What's your favorite Tuesday night dinner selection?

If you don't want to be seen as a grumpy old man, then stop acting like a grumpy old man, dumbass.

 

[LV426]

* Returning to the Constitution of the United States.

I asked for policy, not platitudes.