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If you elect the "King of Debt" what happens

YellowSnow
YellowSnow Moderator, Swaye's Wigwam Posts: 37,854 Founders Club
edited February 2018 in Tug Tavern
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.
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Comments

  • 2001400ex
    2001400ex Member Posts: 29,457
    edited February 2018
    Trump is a fiscal conservative in the Reagan mold. Reducing deficits isn't what fiscal conservatism is about.

    HTH
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  • Gwad
    Gwad Member Posts: 2,855
    edited February 2018
    I think measuring and comparing things using a non static value is silly. Thats what I think.
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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,854 Founders Club
    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.
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  • doogie
    doogie Member Posts: 15,072
    Not worried. Print, print, print is the decision. Has been since 2000. Pretending to care about the deficit now, is folly.
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  • CirrhosisDawg
    CirrhosisDawg Member Posts: 6,390
    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.
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  • 2001400ex
    2001400ex Member Posts: 29,457
    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.
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  • 2001400ex
    2001400ex Member Posts: 29,457
    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."
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  • doogie
    doogie Member Posts: 15,072
    Obama Surrender was not an option. LIPO
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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,854 Founders Club
    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.
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