Interest payments as % of GDP are on the rise
Comments
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Could not possible agree more on the R&D spending. We are getting killed on this by the Chicoms.UW_Doog_Bot said:Military spending has it's value and is a multiplier when you consider DARPA and all the stuff that comes out of there.
Is it a bit of a black hole with lots of government pork? Sure. It's pretty good to live in the Pax Americana though.
Entitlements have a low multiplier and are essentially a transfer, currently from one generation to another mostly.
RN the US is the world reserve currency so money is in fact really cheap(and could be more so). We are the rich guy with a modest debt load and a perfect payment history that lenders are lining up to do business with.
The one thing I have been thinking about lately is capital flows. A LOT of private and government capital flow goes to places we either are in geopolitical competition with(China) or at best are resented(India) or taken for granted(Europe). I wouldn't mind seeing a more directed approach in this space to incentivize our markets, direct our government outlays, and encourage our allies in the same space. Bilateral trade deals and investment incentives that serve our and our allies interests. I realize that this sounds a bit tangential but such things do have an impact on debt to GDP.
Also, this is why it's dumb when people criticize US companies for taking advantage of capital tax breaks for investing in the US.
Directly, I'd love to see further tax incentives and R&D spending towards strategic industries; Aerospace, wireless, AI & robotics, energy, etc.
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Only because we are dumb and we allow our private sector to invest in firms controlled by the PLA.YellowSnow said:
Could not possible agree more on the R&D spending. We are getting killed on this by the Chicoms.UW_Doog_Bot said:Military spending has it's value and is a multiplier when you consider DARPA and all the stuff that comes out of there.
Is it a bit of a black hole with lots of government pork? Sure. It's pretty good to live in the Pax Americana though.
Entitlements have a low multiplier and are essentially a transfer, currently from one generation to another mostly.
RN the US is the world reserve currency so money is in fact really cheap(and could be more so). We are the rich guy with a modest debt load and a perfect payment history that lenders are lining up to do business with.
The one thing I have been thinking about lately is capital flows. A LOT of private and government capital flow goes to places we either are in geopolitical competition with(China) or at best are resented(India) or taken for granted(Europe). I wouldn't mind seeing a more directed approach in this space to incentivize our markets, direct our government outlays, and encourage our allies in the same space. Bilateral trade deals and investment incentives that serve our and our allies interests. I realize that this sounds a bit tangential but such things do have an impact on debt to GDP.
Also, this is why it's dumb when people criticize US companies for taking advantage of capital tax breaks for investing in the US.
Directly, I'd love to see further tax incentives and R&D spending towards strategic industries; Aerospace, wireless, AI & robotics, energy, etc.
It's the equivalent to US markets investing in Volkswagen in the 1930's. -
It's ok to say shit here.WestlinnDuck said:
Among the people who vote including citizens, illegals, dead people and people registered in multiple states – the majority doesn’t care about the unsustainable growth in our debt. Between our public education system which doesn’t teach basic economics or numbers and sh*t, the MSM which also has no understanding of basic economics or numbers and sh*t and those who should understand basic economics and numbers and sh*t (Paul Krugman) but don’t care. They will only care when it is too late and we’ve gone over the blue event horizon. I would hazard a guess that less than 10% of democrats care about the debt in any kind of functional manner. These are the commies – tax the rich, feed the poor until there are no rich no more. They would kill the golden goose and proclaim victory. See Venezuela. In Red China – the capital outflows are massive as the rich Chinese are not betting on their future or are definitely hedging their bets. I would hazard that well less than half the republicans also care about the debt. They want to be elected more than they want to do something about the debt.
We have a trillion and a half in student debt which already has major defaults. For these morons who borrowed tens of thousands of dollars for a degree in feminist studies they are stuck. Solution, vote for free sh*t. You think they are interested in the future when their existence has been always focused on the here and now? -
Dems are tax and spend.
Trump & the current GOP are borrow and spend.
Younger me would have never agreed with the second but as long as we are the reserve currency I'm more ok with it. -
Yep, just tax the golden goose to death.
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Oh, how I wish we could put that genie back in the bottle. Biggest strategic error this country has made in the past 100 years. Maybe ever...UW_Doog_Bot said:
Only because we are dumb and we allow our private sector to invest in firms controlled by the PLA.YellowSnow said:
Could not possible agree more on the R&D spending. We are getting killed on this by the Chicoms.UW_Doog_Bot said:Military spending has it's value and is a multiplier when you consider DARPA and all the stuff that comes out of there.
Is it a bit of a black hole with lots of government pork? Sure. It's pretty good to live in the Pax Americana though.
Entitlements have a low multiplier and are essentially a transfer, currently from one generation to another mostly.
RN the US is the world reserve currency so money is in fact really cheap(and could be more so). We are the rich guy with a modest debt load and a perfect payment history that lenders are lining up to do business with.
The one thing I have been thinking about lately is capital flows. A LOT of private and government capital flow goes to places we either are in geopolitical competition with(China) or at best are resented(India) or taken for granted(Europe). I wouldn't mind seeing a more directed approach in this space to incentivize our markets, direct our government outlays, and encourage our allies in the same space. Bilateral trade deals and investment incentives that serve our and our allies interests. I realize that this sounds a bit tangential but such things do have an impact on debt to GDP.
Also, this is why it's dumb when people criticize US companies for taking advantage of capital tax breaks for investing in the US.
Directly, I'd love to see further tax incentives and R&D spending towards strategic industries; Aerospace, wireless, AI & robotics, energy, etc.
It's the equivalent to US markets investing in Volkswagen in the 1930's. -
Hence, why I am chairman of the Seattle self loathing Republican party. I voted for Dubya and he went and fucked us with a prescription drug benefit and nation building with the sand peoples. We've been fucked ever since. No bullshit Dubya, no Obama. No Obama, no Trump.SFGbob said:
Blame the votersSwaye said:I'd like to see us cut ALL spending, including military spending. By like 10-12% minimum. I don't care how much it hurts. I hate all of our politicians. I am old enough to remember when the GOP was the fiscal responsibility party. Now everyone is tax and spend. It's disgusting.
While most Republican voters will talk a big game about cutting government spending as soon as you try and reign in the real driver of our deficit, entitlement spending, they will start sounding like a liberal Democrat.
There is no support for cutting entitlement spending. -
Conceptually, we're about on the same page.UW_Doog_Bot said:Military spending has it's value and is a multiplier when you consider DARPA and all the stuff that comes out of there.
Is it a bit of a black hole with lots of government pork? Sure. It's pretty good to live in the Pax Americana though.
Entitlements have a low multiplier and are essentially a transfer, currently from one generation to another mostly.
RN the US is the world reserve currency so money is in fact really cheap(and could be more so). We are the rich guy with a modest debt load and a perfect payment history that lenders are lining up to do business with.
The one thing I have been thinking about lately is capital flows. A LOT of private and government capital flow goes to places we either are in geopolitical competition with(China) or at best are resented(India) or taken for granted(Europe). I wouldn't mind seeing a more directed approach in this space to incentivize our markets, direct our government outlays, and encourage our allies in the same space. Bilateral trade deals and investment incentives that serve our and our allies interests. I realize that this sounds a bit tangential but such things do have an impact on debt to GDP.
Also, this is why it's dumb when people criticize US companies for taking advantage of capital tax breaks for investing in the US.
Directly, I'd love to see further tax incentives and R&D spending towards strategic industries; Aerospace, wireless, AI & robotics, energy, etc.
The Throbber is a MASSIVE fan of right-sizing current fiscal expenditures. You don't borrow or take long-term money to pay for short-term, recurring operating expenses. Just don't do it. Like paying for your mortgage on a credit card. Likewise, you don't buy a house with cash unless you've got massive surplus/discretionary funds. You finance it over the life of the asset.
The Throbber would MUCH rather see a balance budget amendment for operations than the shitshow we have now where the bureaucrats give themselves blowies 'only' increasing spending by 2 or 3% over prior year...well, you overspent the last 30 years....big fucking deal.
Most definitely concur on the investment in infrastructure. Either the ones I listed like roads and bridges or the more high tech ones you listed. Been calling for 9G for like three years here.
And we? need to earmark funds for building the Mexican/Guatemalan border wall and Colombia/Venezuela military retreats as posted elsewhere.
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I'm not collecting SS
I work
Hard
You need to be 70 to get your money from them -
Race is the better part of a decade from the ice floe solution.RaceBannon said:I'm not collecting SS
I work
Hard
You need to be 70 to get your money from them
