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If you elect the "King of Debt" what happens

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    PurpleThrobberPurpleThrobber Member Posts: 41,863
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    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
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    2001400ex2001400ex Member Posts: 29,457
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    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    It's funny the perspective of the Obama stimulus versus Trump's infrastructure plan. When they basically are the same thing.
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    phineasphineas Member, Swaye's Wigwam Posts: 4,724
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    I don't understand what borrowing means. Borrowing from who?

    To me it looks like they're just printing more money?

    But I'm a dumbfuck so whatever. Just consume consume consume
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    ThomasFremontThomasFremont Member Posts: 13,325
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    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    Putting off deferred maintenance is the calling card of the Boomer generation.
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    pawzpawz Member, Swaye's Wigwam Posts: 18,800
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    pawz 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.

    Fair poont. I should have just stuck with 'establishment'. It's irrefutable the establishment politicians on both sides of the aisle got us - $20 T R I L L I O N - in debt.

    They more than anybody ... gotta. fucking. go.



    This is both non-partisan issue. Rome burns.
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    pawzpawz Member, Swaye's Wigwam Posts: 18,800
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    2001400ex said:

    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    It's funny the perspective of the Obama stimulus versus Trump's infrastructure plan. When they basically are the same thing.
    They are establishment plans that don't work. Thankfully we have you here sucking the dick of the Establishment Queen.


    #aclockworkshill
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    TierbsHsotBoobsTierbsHsotBoobs Member Posts: 39,680
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    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    Nothing is getting built yet.
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    SwayeSwaye Moderator, Swaye's Wigwam Posts: 41,064
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    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.

    I blame Vanilla for deficit spending.
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    2001400ex2001400ex Member Posts: 29,457
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    Swaye said:

    pawz 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.
    I've been saying for years that both parties are now basically tax and spend liberals, it's just GOP types normally talk about cutting government in stump speeches before they spend more of my money as soon as they are elected, while Dems just admit they want to spend more. There will never be limited federal government again because it is in no politicians actual interest. I still vote for GOP morons because I like that flavor better than the hysterical racial identity politics losers on the other side, but you are naive if you don't realize we fuct bigly no matter who is in charge. SMOD can't get here soon enuff.
    This. With one little change. Dems are tax and spend. Reps are cut tax and spend. Either way, neither party has any interest in making the government smaller.
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    2001400ex2001400ex Member Posts: 29,457
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    pawz said:

    2001400ex said:

    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    It's funny the perspective of the Obama stimulus versus Trump's infrastructure plan. When they basically are the same thing.
    They are establishment plans that don't work. Thankfully we have you here sucking the dick of the Establishment Queen.


    #aclockworkshill
    So you'll scream as loudly when Trump does his infrastructure plan as you did when the black man was in office?
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    doogiedoogie Member Posts: 15,072
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    Not remotely related and you know it. Stop spinning.
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    CirrhosisDawgCirrhosisDawg Member Posts: 6,390
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    edited February 2018

    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    Nothing is getting built yet.
    Exactly. Feds exist to redistribute from productive states to taker states solely for wasteful consumption. The idea that we are funding “capital investment” is absurd, but consistent with the times.
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    PurpleThrobberPurpleThrobber Member Posts: 41,863
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    2001400ex said:

    pawz said:

    2001400ex said:

    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    It's funny the perspective of the Obama stimulus versus Trump's infrastructure plan. When they basically are the same thing.
    They are establishment plans that don't work. Thankfully we have you here sucking the dick of the Establishment Queen.


    #aclockworkshill
    So you'll scream as loudly when Trump does his infrastructure plan as you did when the black man was in office?
    The 'black man' (your words, not mine -ISAFNRC) didn't get any shit built.

    Trump still has a chance to get some 'shovel-ready projects' completed.

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    RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 101,406
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    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.
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    SledogSledog Member Posts: 30,814
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    edited February 2018
    2001400ex said:

    pawz said:

    2001400ex said:

    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    It's funny the perspective of the Obama stimulus versus Trump's infrastructure plan. When they basically are the same thing.
    They are establishment plans that don't work. Thankfully we have you here sucking the dick of the Establishment Queen.


    #aclockworkshill
    So you'll scream as loudly when Trump does his infrastructure plan as you did when the black man was in office?
    The black man didn't have a plan. Of course you forget he's half white. Normally scorned and belittled by other blacks. Unless it's a convenient way to say he's the first black president.
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    YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,952
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    2001400ex said:

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

    HTH

    Reagan did actually care about deficits and when he saw too much red ink as a result of his tax cuts and increased defense spending, he did enact changes to the tax code to "broaden the base" and increase revenues. "Read my lips" Bush 41 raised revenue as well and it didn't hurt the economy.

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    YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,952
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    Sledog said:

    2001400ex said:

    pawz said:

    2001400ex said:

    whlinder said:

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

    Not necessarily.

    If he's talking about true infrastructure improvements and capital budgets, it's pretty fucking smart to bond out and rebuild with cheap money. Bridges are crumbling and roads are shit. The interweb is nowhere near where it could be in most communities without paying godawful amounts, relative to other places in the world.

    If there's one thing 'Mericans are good at it, it's finance and shit. Build shit with cheap money. Bond it out while the repayment source looks solid.

    Just because the economy is good right now doesn't mean the U.S. can put off deferred maintenance much longer. Plus the jobs created could be the impetus some fucks need to get off the dole. I like that Trump is prioritizing build shit. Because that's how shit gets built.
    It's funny the perspective of the Obama stimulus versus Trump's infrastructure plan. When they basically are the same thing.
    They are establishment plans that don't work. Thankfully we have you here sucking the dick of the Establishment Queen.


    #aclockworkshill
    So you'll scream as loudly when Trump does his infrastructure plan as you did when the black man was in office?
    The black man didn't have a plan. Of course you forget he's half white. Normally scorned and belittled by other blacks. Unless it's a convenient way to say he's the first black president.
    The first back President was Bill Clinton. Race voted for him. I did not.
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    SoutherndawgSoutherndawg Member, Swaye's Wigwam Posts: 8,235
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    2001400ex said:

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

    HTH

    Reagan did actually care about deficits and when he saw too much red ink as a result of his tax cuts and increased defense spending, he did enact changes to the tax code to "broaden the base" and increase revenues. "Read my lips" Bush 41 raised revenue as well and it didn't hurt the economy.

    A little misleading. Reagan did not have control of congress, he did what he could under those circumstances. He cared about deficits and was regretful for bargaining with the dems to get his tax cuts passed in exchange for allowing them to tie tax cuts to spending increases that outpaced the increase in revenues realized by the tax cuts. If he had control of congress, there would have been real spending cuts in lieu of tax code changes to "broaden the base".
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    YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,952
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    2001400ex said:

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

    HTH

    Reagan did actually care about deficits and when he saw too much red ink as a result of his tax cuts and increased defense spending, he did enact changes to the tax code to "broaden the base" and increase revenues. "Read my lips" Bush 41 raised revenue as well and it didn't hurt the economy.

    A little misleading. Reagan did not have control of congress, he did what he could under those circumstances. He cared about deficits and was regretful for bargaining with the dems to get his tax cuts passed in exchange for allowing them to tie tax cuts to spending increases that outpaced the increase in revenues realized by the tax cuts. If he had control of congress, there would have been real spending cuts in lieu of tax code changes to "broaden the base".
    Some valid points here; but it was never a realistic possibility that Reagan would have both the house and senate and therefore get his spending cuts. He was a pragmatist and did the responsible thing and agreed to increased revenues.

    The leadership of both parties have become morally and ethically bankrupt on this issue; there's no reason to be running $1 trillion dollar deficits in peacetime and with 3% a year growth.
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