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If you elect the "King of Debt" what happens

YellowSnow
YellowSnow Moderator, Swaye's Wigwam Posts: 37,220 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
  • 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.
  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,220 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.
  • 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.
  • 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.
  • 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.
  • 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."
  • doogie
    doogie Member Posts: 15,072
    Obama Surrender was not an option. LIPO
  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,220 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.
  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,220 Founders Club
    edited February 2018
    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
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    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
    BearsWiin Member Posts: 5,072
    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
    BearsWiin Member Posts: 5,072
    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
    Gwad Member Posts: 2,855
    Its how much money is printed changing what the value represents.
  • CirrhosisDawg
    CirrhosisDawg Member Posts: 6,390
    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
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,220 Founders Club
    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
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,435 Founders Club

    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
    whlinder Member Posts: 5,267
    Yes. It’s beyond fucking stupid to increase borrowing and rack up debt when the economy is in decent shape.
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,029
    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.
  • 2001400ex
    2001400ex Member Posts: 29,457

    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.
  • phineas
    phineas Member Posts: 4,732
    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
  • ThomasFremont
    ThomasFremont Member Posts: 13,325

    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.
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,435 Founders Club

    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.
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,435 Founders Club
    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
  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680

    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.
  • Swaye
    Swaye Moderator, Swaye's Wigwam Posts: 41,739 Founders Club

    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.
  • 2001400ex
    2001400ex Member Posts: 29,457
    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.