The party of Fiscal Responsibility?

Repubs just frantically cut taxes, adding to the debt, and spend more & more on military adding to the debt.

It's not until Trumpkin Shillskin, that he has outdone Obama on Socialistic Stimulus spending.

Trump is bankrupting America...
 
Loving91390 said:
Let us know when he out does Obama’s 10 trillion !
Click to expand...

Trumpty Dumbty is like Barrack Obummer part 2.

Trump by implemented policy to the Left of Obama.

Farmer freebies, Stimulus & Bailouts bigger & more Socialist than Obama.

But, Obama deported more Illegals.

Why Repubs just kiss his butt, is beyond me, truly zombified @$$clowns.
 
Jerome said:
CBO says we're on track for $3.7 TRILLION deficit, 36% drop in GDP.

https://www.pbs.org/newshour/politics/cbo-says-deficit-to-reach-3-7-trillion-in-economic-decline

This shit was set in motion by the tax cuts, so don't even blame it all on the virus.
Click to expand...

That is a lie. After the tax cuts went into effect revenue increased, it did not decline. The Government just passed three bills that added $2.5 trillion of unfunded debt to the deficit over a GOVERNMENT mandated shut down of our economy. Don't lie and claim it had nothing to do with these projections you dishonest unethical hack.

Jerome said:
The GOP doesn't give a SHIT about the deficit unless we have a democratic president.
Click to expand...

I don't recall any lying leftist hacks bitching and moaning when Obama oversaw $10 trillion in debt. NOW, you all have suddenly become fiscal hawks? STFU, seriously, :rolleyes:
 
Loving91390 said:
Let us know when he out does Obama’s 10 trillion !
Click to expand...

The more amusing part of the moron's schtick is that Obama thought he could BORROW his way out of a recession. This spending is to counter GOVERNMENT actions forcing a shut down of our economy. There is a vast ocean of difference between the two.

Yet, this hypocritical morons still think they can lie and have it BOTH ways. It really is pathetic and stupid. Sad that they lack the IQ to comprehend the obvious.
 
WitoldPilecki said:
Trumpty Dumbty is like Barrack Obummer part 2.

Trump by implemented policy to the Left of Obama.

Farmer freebies, Stimulus & Bailouts bigger & more Socialist than Obama.

But, Obama deported more Illegals.

Why Repubs just kiss his butt, is beyond me, truly zombified @$$clowns.
Click to expand...

#STFU #moron
 
The impact that the lockdown is creating on businesses is unprecedented and so you can understand the justifications of why the money is being spent, however, in my opinion the large blanket sums being spread out to practically any organization out there regardless for the most part of their stability or financial ability to weather the crisis is troubling. There are hundreds of millions, probably billions of dollars, being sent out that probably did not need to be and ultimately all of this spending will have to be made up for through taxes and other means. I get that people are hurting and many companies may end up closing for good, but the quickest and best way for these businesses to recover is to open back up and resume business. Many of these businesses are not hurting or closing because of flawed business practices or poor products or poor services but because of government forcing them to close. These companies and businesses need to reopen, and those government powers that have been part of this process needs to be curbed so that this sort of thing has a more constitutional, balanced, and checked approach in the future.
 
Jerome said:
CBO says we're on track for $3.7 TRILLION deficit, 36% drop in GDP.

https://www.pbs.org/newshour/politics/cbo-says-deficit-to-reach-3-7-trillion-in-economic-decline

This shit was set in motion by the tax cuts, so don't even blame it all on the virus.

The GOP doesn't give a SHIT about the deficit unless we have a democratic president.
Click to expand...

The "small government" line has always been bullshit. Republicans going back to Reagan have all grew the government and increased the debt.
Republicans only have a problem with big government when it's used to help the working-class and only care about debt when it's caused by a Democrat.

Now I'm sure all of the Trumpcucks here will do what they always do and bring up Obama. First of all, fuck Obama. Secondly, the Democrats aren't the ones who claim to believe in "small government."
 
WitoldPilecki said:
Repubs just frantically cut taxes, adding to the debt, and spend more & more on military adding to the debt.

It's not until Trumpkin Shillskin, that he has outdone Obama on Socialistic Stimulus spending.

Trump is bankrupting America...
Click to expand...

We could have paid down our debt and set aside funds for a "rainy day" while the economy was booming. That's what you do in good times. Now we've virtually bankrupted the country because we did not, and that rainy day is here.

What do you want to bet that when the next (D) is POTUS, the (R)s try to blame this all on him/her, and threaten to shut down the country every time the budget comes up for vote -- like they did with Obama??
 
Norah said:
The impact that the lockdown is creating on businesses is unprecedented and so you can understand the justifications of why the money is being spent, however, in my opinion the large blanket sums being spread out to practically any organization out there regardless for the most part of their stability or financial ability to weather the crisis is troubling. There are hundreds of millions, probably billions of dollars, being sent out that probably did not need to be and ultimately all of this spending will have to be made up for through taxes and other means. I get that people are hurting and many companies may end up closing for good, but the quickest and best way for these businesses to recover is to open back up and resume business. Many of these businesses are not hurting or closing because of flawed business practices or poor products or poor services but because of government forcing them to close. These companies and businesses need to reopen, and those government powers that have been part of this process needs to be curbed so that this sort of thing has a more constitutional, balanced, and checked approach in the future.
Click to expand...

A very long and wordy way of saying "Fuck safety! The economy and money come first!"

You can cry later when businesses go bankrupt because their customers are dead.
 
At the end of the day it's ultimately the voters fault because we don't hold politicians accountable. We don't elect (or re-elect) people to office who try to reduce spending, cut programs etc. So in this sense politicians aren't stupid, they may speak a good game but come time to vote they chose to keep the government spic it wide open and let the spending continue.
 
ThatOwlWoman said:
A very long and wordy way of saying "Fuck safety! The economy and money come first!"

You can cry later when businesses go bankrupt because their customers are dead.
Click to expand...

Sorry but it's much more realistic that businesses will go bankrupt because of not being able to open than because of their customers dying off. It's not about money coming first but just a reasonable and logical balance that combines safety and commerce. It does not have to be a binary choice of stay inside for an unknown period of time and close it all down or to reopen everything as if this whole thing never happened. We can reopen states AND maintain safety protocols while protecting the vulnerable. The main reason we had these lockdowns and stay at home orders was to impact the curve, not to wait for a cure, we have done that in most of the US and so it's reasonable now to begin the process of reopening but also keeping certain protocols in place such as social distancing and having the most vulnerable stay home.
 
Norah said:
Sorry but it's much more realistic that businesses will go bankrupt because of not being able to open than because of their customers dying off. It's not about money coming first but just a reasonable and logical balance that combines safety and commerce. It does not have to be a binary choice of stay inside for an unknown period of time and close it all down or to reopen everything as if this whole thing never happened. We can reopen states AND maintain safety protocols while protecting the vulnerable. The main reason we had these lockdowns and stay at home orders was to impact the curve, not to wait for a cure, we have done that in most of the US and so it's reasonable now to begin the process of reopening but also keeping certain protocols in place such as social distancing and having the most vulnerable stay home.
Click to expand...

Lot of words to say we should be doing what we're doing. lol
 
Truth Detector said:
I don't recall any lying leftist hacks bitching and moaning when Obama oversaw $10 trillion in debt. NOW, you all have suddenly become fiscal hawks? STFU, seriously, :rolleyes:
Click to expand...

Gosh, poopiehead. If the facts don't align with your preconceived notion then just lie about the facts.

From the day Obama took office to the day he left. 9.33 trillion was added to US debt.
From the day Trump took office to today. 4.75 trillion added and that doesn't include any of the money appropriated by Congress since none of that has yet been spent.
https://www.treasurydirect.gov/NP/debt/current


By end of this year Trump will have added over 7 trillion in debt and it could be as high as 8 trillion in only 4 years.
 
Poor Richard Saunders said:
Gosh, poopiehead. If the facts don't align with your preconceived notion then just lie about the facts.

From the day Obama took office to the day he left. 9.33 trillion was added to US debt.
From the day Trump took office to today. 4.75 trillion added and that doesn't include any of the money appropriated by Congress since none of that has yet been spent.
https://www.treasurydirect.gov/NP/debt/current


By end of this year Trump will have added over 7 trillion in debt and it could be as high as 8 trillion in only 4 years.
Click to expand...


Nothing to do with that interest on Obama’s debt right ?
 
Loving91390 said:
Nothing to do with that interest on Obama’s debt right ?
Click to expand...

Actually, it has very little to do with the interest on Obama debt. Assume half the debt is from Obama. (It isn't but we are doing a back of the napkin calculation.) Interest on the entire debt was 262 billion in 2017. Take that times 4 and divide by 2. That leaves with about 520 billion of the 8 trillion debt added under 4 years of Trump is from Obama debt. 520 billion would be on debt from prior to Obama.

Of course we didn't count the Obama debt that was the result of interest on prior debt.

Because of interest rates, when Obama took office the interest on the debt was 252 billion. That would give us a back of the napkin figure over 8 years of over 2 trillion of Obama debt was from interest on debt when he took office. It seems he was able to reduce interest payments because of the drop in interest rates. Now the interest payments are going up dramatically under Trump and we haven't even seen figures yet for this stimulus.

Net interest as outlay by Federal government is here:
https://www.whitehouse.gov/omb/historical-tables/
Table 3.1
 
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