If you elect the "King of Debt" what happens

YellowSnow

Anyone else here concerned about the fact that the US Treasury Dept is set to borrow $955 Billion in 2018 and over 1 trillion in 2019? These numbers are outstanding for peace time and an economy growing at a healthy clip.

Awfully quiet around here for all the shit Obama got for his record setting deficits during the biggest economic crisis since the depression.

2001400ex

Trump is a fiscal conservative in the Reagan mold. Reducing deficits isn't what fiscal conservatism is about.

HTH

Gwad

I think measuring and comparing things using a non static value is silly. Thats what I think.

YellowSnow

Gwad said:

I think measuring and comparing things using a non static value is silly. Thats what I think.

Oh because I haven't broken it down here yet as a percentage of GDP makes it silly and not a concerning year over year increase.

doogie

Not worried. Print, print, print is the decision. Has been since 2000. Pretending to care about the deficit now, is folly.

CirrhosisDawg

Tax cut bill just added another $15 billion a month to the tally. Next debt limit deadline coming early March.

We have a fiscally conservative administration and Congress.

2001400ex

doogie said:

Not worried. Print, print, print is the decision. Has been since 2000. Pretending to care about the deficit now, is folly.

That's exactly what you said the last 8 years. Funny how you only care when it's a democratic president.

dflea

Concerned?

No, not at all. Trump is running this bitch like a business. We'll just get to the point where declaring bankruptcy makes the most sense, and we'll do that.

What?

2001400ex

dflea said:

Concerned?

No, not at all. Trump is running this bitch like a business. We'll just get to the point where declaring bankruptcy makes the most sense, and we'll do that.

What?

"I would borrow, knowing that if the economy crashed, you could make a deal," Trump said. "And if the economy was good, it was good. So therefore, you can't lose."

doogie

Obama Surrender was not an option. LIPO

YellowSnow

doogie said:

Not worried. Print, print, print is the decision. Has been since 2000. Pretending to care about the deficit now, is folly.

Deficits don't matter until they do. We've never reached that point in our modern but to act like it can't happen is beyond FS. We only get to borrow on the cheap because the rest of the world still believes in the full faith and credit of the US Government. If that changes we fuct biggy.

We have a fundamental problem in this country in that we want way more in benefits than we are willing to pay for them. And it's not just the fault of 'po people sucking off the guvmint tittays.

YellowSnow

doogie said:

Not worried. Print, print, print is the decision. Has been since 2000. Pretending to care about the deficit now, is folly.

Deficits don't matter until they do. We've never reached that point in our modern history but to act like it can't happen is beyond FS. We only get to borrow on the cheap because the rest of the world still believes in the full faith and credit of the US Government. If that changes we fuct biggy.

We have a fundamental problem in this country in that we want way more in benefits than we are willing to pay for them. And it's not just the fault of 'po people sucking off the guvmint tittays.

GrundleStiltzkin

doogie said:

Not worried. Print, print, print is the decision. Has been since 2000. Pretending to care about the deficit now, is folly.

Deficits don't matter until they do. We've never reached that point in our modern but to act like it can't happen is beyond FS. We only get to borrow on the cheap because the rest of the world still believes in the full faith and credit of the US Government. If that changes we fuct biggy.

We have a fundamental problem in this country in that we want way more in benefits than we are willing to pay for them. And it's not just the fault of 'po people sucking off the guvmint tittays.

BearsWiin

doogie said:

Not worried. Print, print, print is the decision. Has been since 2000. Pretending to care about the deficit now, is folly.

Deficits don't matter until they do. We've never reached that point in our modern history but to act like it can't happen is beyond FS. We only get to borrow on the cheap because the rest of the world still believes in the full faith and credit of the US Government. If that changes we fuct biggy.

We have a fundamental problem in this country in that we want way more in benefits than we are willing to pay for them. And it's not just the fault of 'po people sucking off the guvmint tittays.

BearsWiin

doogie said:

Not worried. Print, print, print is the decision. Has been since 2000. Pretending to care about the deficit now, is folly.

Deficits don't matter until they do. We've never reached that point in our modern history but to act like it can't happen is beyond FS. We only get to borrow on the cheap because the rest of the world still believes in the full faith and credit of the US Government. If that changes we fuct biggy.

We have a fundamental problem in this country in that we want way more in benefits than we are willing to pay for them. And it's not just the fault of 'po people sucking off the guvmint tittays.

Gwad

Its how much money is printed changing what the value represents.

CirrhosisDawg

Gwad said:

Its how much money is printed changing what the value represents.

So that means by printing more currency, we really screw over the Chinese by deflating the value of our repayment. Brilliant! Trump is LAUGHING at the Chinese. Might result in higher interest rates for the next billion dollar UST sales (already happening), higher inflation, and decreased purchasing power for US consumers, but it would be worth it to see those currency manipulating Chinese get trumped. Winning! MAGA!

YellowSnow

Christ, you assholes. It's Vanilla's fault for the double clutch poast. Why don't we can Vanilla and put @UW_Doog_Bot in charge? That's change I can believe in.

pawz

YellowSnow said:

Anyone else here concerned about the fact that the US Treasury Dept is set to borrow $955 Billion in 2018 and over 1 trillion in 2019? These numbers are outstanding for peace time and an economy growing at a healthy clip.

Awfully quiet around here for all the shit Obama got for his record setting deficits during the biggest economic crisis since the depression.

To me this isn't a right v left issue. It's a Libertarian v Globalist (establishment) issue.

Globalists (Hi Hills!) love debt. They own the companies where they spending goes, then they charge the gobment interests on that debt. win-win-win





He who has the gold make the rules.

whlinder

Yes. It’s beyond fucking stupid to increase borrowing and rack up debt when the economy is in decent shape.

YellowSnow

pawz said:

YellowSnow said:

Anyone else here concerned about the fact that the US Treasury Dept is set to borrow $955 Billion in 2018 and over 1 trillion in 2019? These numbers are outstanding for peace time and an economy growing at a healthy clip.

Awfully quiet around here for all the shit Obama got for his record setting deficits during the biggest economic crisis since the depression.

To me this isn't a right v left issue. It's a Libertarian v Globalist (establishment) issue.

Globalists (Hi Hills!) love debt. They own the companies where they spending goes, then they charge the gobment interests on that debt. win-win-win





He who has the gold make the rules.

That's a little too Taco Bell illuminati for my taste. It's a lot simpler than that: in democracies it's way to easy for the electorate to vote themselves a pay raise. Politicians that promise more bennefits get votes. Those that cut them don't.