The US is going bankrupt

Tbird19482 said:
that all depends on if you take it dollar per dollar or on a percent basis.
Reagan almost tripled it, GW doubled it , Obama 69.98%
and Trump 33 % in only 4 years
Trump in dollars ran it up as much as Obama did and it only took Trump 4 years where it took Obama 8 years.
just think what Trump COULD have done if he had another 4 years , instead of 8 Trillion he could have made it over 16 Trillion or more.
Have a nice day
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sure, but let's do it right.......measure it in terms of how much ice cream it would have bought Pelosi and Biden....you know, the important shit.....

Trump did NOT run it up as much as Obama......Obama topped $10T, Trump's total was $8T but $5T of that came from the Pelosi budget for 2020, drafted by Pelosi and company.......did you know that $27T of our $33T debt came about while Pelosi led the dummycrats in the House?.......
 
PostmodernProphet said:
sure, but let's do it right.......measure it in terms of how much ice cream it would have bought Pelosi and Biden....you know, the important shit.....

Trump did NOT run it up as much as Obama......Obama topped $10T, Trump's total was $8T but $5T of that came from the Pelosi budget for 2020, drafted by Pelosi and company.......did you know that $27T of our $33T debt came about while Pelosi led the dummycrats in the House?.......
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Can I ask where are you getting 10 Trillion for Obama?
every thing I read it is just about 8 ,335 Trillion and Trumps is 8.184.
www.self.inc

US Debt by President | Chart & Per President Deficit | Self.

Here’s how much each President has contributed to National Debt, including decisions, events and statistics.
www.self.inc www.self.inc
www.bing.com

the percent obama increased the national debt - Bing

Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.
www.bing.com www.bing.com
and the other FACT is it took Obama 8 years and Trump ONLY 4 years.
you do understand according to economists the only way to get out of a deep recession is a war like WWII or spend your way out, well we were already in a war we didn't need another one , so spending our way out was the best idea.
and as for Pelosi being the SOTH , the President has the final say on the budget and they take all the blame, so IF Trump didn't want it he should have vetoed it.
Have a nice day
 
PostmodernProphet said:
as for Pelosi being SOTH. the House writes the budget......the President can take it or leave it.......but only the House writes it........should he have left it when it was clear it was the only budget he was going to see?......
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He had the option.
send it back until he gets something he can live with.
as I said and we can see it is the President that gets all the blame.
have a nice day
 
Tbird19482 said:
you do understand that was what 150 years ago or so?
just printing more money isn't the way out.
it deflates the value of the money you already have.
a 1or 2% sales tax on everything could pay it off in several years ( not sure how long haven't figured that out yet ) and as I said after the debt was paid off the tax would be suspended until we needed it again , and that would only be if we had to run the debt up again because of a war or deep recession / depression.
Have a nice day
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Yeah, I know when the American Civil war was, moron. :palm:
Raising taxes like you want to do has never slowed down spending. "No interest" would.

We are printing Fiat money now!!! And you have no problem with that!

But unlike the greenbacks, we are paying an enormous amount of interest as pointed out in the OP. Comprende?
 
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Bigdog said:
Yeah, I know when the American Civil war was, moron. :palm:
Raising taxes like you want to do has never slowed down spending. "No interest" would.

We are printing Fiat money now!!! And you have no problem with that!

But unlike the greenbacks, we are paying an enormous amount of interest as pointed out in the OP. Comprende?
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Did YOU even read what I posted MORON?
Number one I said we need to have a balanced budget Amendment that has some teeth in it, where we could NOT spend any more then we took in , ONLY in time of war like WWII or a super deep recession / depression would we be able to run a debt. THAT IS IT.
then to get rid of the debt we could have a 1 or 2 % sales tax that would ONLY be used to pay the debt off and when it was paid off it would be SUSPENDED and only put back on again if we had to run a debt again as I said because of a war like WWII or a deep recession / depression.
and that sales tax would be on EVERY thing sold and would NOT be tax deductible.
and EVERYBODY would pay it , people, companies large corporations , EVERY body got some benefit from running it up everybody should have to help pay it off.
and FUCK YOU COMPRENDE.
 
Tbird19482 said:
Did YOU even read what I posted MORON?
Number one I said we need to have a balanced budget Amendment that has some teeth in it, where we could NOT spend any more then we took in , ONLY in time of war like WWII or a super deep recession / depression would we be able to run a debt. THAT IS IT.
then to get rid of the debt we could have a 1 or 2 % sales tax that would ONLY be used to pay the debt off and when it was paid off it would be SUSPENDED and only put back on again if we had to run a debt again as I said because of a war like WWII or a deep recession / depression.
and that sales tax would be on EVERY thing sold and would NOT be tax deductible.
and EVERYBODY would pay it , people, companies large corporations , EVERY body got some benefit from running it up everybody should have to help pay it off.
and FUCK YOU COMPRENDE.
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Socialist democrats led us into Every major war of the 20th century.

Balanced Budget with "teeth" :rofl2: You might as well try to get congress to pass turn limits :rofl2: You White Libs burst blood vessels over eliminating the SALT deduction. :palm:

You specified war as the exception for running up debt and interest. Why do you hate the idea of Lincoln's Greenbacks?
 
Bigdog said:
During the American Civil War, instead of borrowing from foreign gov'ts at up to 25%, ... we, the people, just printed our own interest free fiat currency, Greenbacks.
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America has never had a civil war. There was no fiat currency during the War of Secession. Fiat currency was implemented by FDR, when he stole all the gold from citizens.
 
Ross Dolan said:
Maybe you and Elon ought to take a look at who helped make all this debt.

The worst debt accumulators during the last 10 administrations, based on each 4 year terms, were:

Ronald Reagan
George W. Bush
George HW Bush
Donald Trump

But the very wealthy did great under those presidents, because of tax cuts to the most wealthy.
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None of these people increased the debt. They had no authority to.
See the Constitution.
 
Stone said:
Actually its EVERY U.S president since Woodrow Wilson. Here he is speaking about the federal reserve act he signed into law and lived to regret.

" I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world -- no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." Woodrow Wilson
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Incorrect. No President has any authority to borrow money on behalf of the United States. See the Constitution.
 
PostmodernProphet said:
sure, but let's do it right.......measure it in terms of how much ice cream it would have bought Pelosi and Biden....you know, the important shit.....

Trump did NOT run it up as much as Obama......Obama topped $10T, Trump's total was $8T but $5T of that came from the Pelosi budget for 2020, drafted by Pelosi and company.......did you know that $27T of our $33T debt came about while Pelosi led the dummycrats in the House?.......
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The President has no authority to borrow money for the United States. THE HOUSE DOES!
 
Bigdog said:
Socialist democrats led us into Every major war of the 20th century.

Balanced Budget with "teeth" :rofl2: You might as well try to get congress to pass turn limits :rofl2: You White Libs burst blood vessels over eliminating the SALT deduction. :palm:

You specified war as the exception for running up debt and interest. Why do you hate the idea of Lincoln's Greenbacks?
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well at least I have a suggestion where is yours
 
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