Anonymous
Anonymous
01/19/2023 17:49
Subject: Republicans and the debt ceiling
Anonymous wrote:Anonymous wrote:Anonymous wrote:This massive debt, combined with inflation, is a huge problem.
High inflation produces higher interest rates. I remember when the government was paying 6% on debt. If they did that now, that would add $2 trillion dollars a year in debt payments.
Instead of trying to deal with this, all we get are partisan talking points.
Why are they talking about default? This is just a lie. The issue is to not pick up more debt.
The only way default comes into play, is if government doesn't have enough revenue to make payments on debt, or if the President borrows money without authorization from Congress, which can then be defaulted as unauthorized debt.
What in the world are you talking about? If necessary spending + debt service exceeds revenues, the government needs to take on more debt to meet all of its obligations. If you can’t take on more debt, then you have to cut some of your payments. What happens if the US had to choose between issuing social security payments to seniors or making debt payments?
Anonymous
01/19/2023 17:19
Subject: Republicans and the debt ceiling
Anonymous wrote:Anonymous wrote:This massive debt, combined with inflation, is a huge problem.
High inflation produces higher interest rates. I remember when the government was paying 6% on debt. If they did that now, that would add $2 trillion dollars a year in debt payments.
Instead of trying to deal with this, all we get are partisan talking points.
Why are they talking about default? This is just a lie. The issue is to not pick up more debt.
The only way default comes into play, is if government doesn't have enough revenue to make payments on debt, or if the President borrows money without authorization from Congress, which can then be defaulted as unauthorized debt.
Anonymous
01/19/2023 17:18
Subject: Republicans and the debt ceiling
Anonymous wrote:Anonymous wrote:What is goofy about it? Accurate that when the GOP is in the White House, the debt goes up and when the dems are in the white house, the debt goes down.
It is such a sordid myth that the GOP is the party of fiscal responsibility and restraint.
It is a myth. However, just look at the total debt of Obama v Bush. Obama is much higher, but the chart misleads by only comparing to Bush's final year.
Gee, what could have cause an exploded debt Obama's first two years in office? Does "shovel ready" in the aftermath of W ring a bell?
Anonymous
01/19/2023 17:17
Subject: Re:Republicans and the debt ceiling
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:
Republicans are the cause of our debt problems.
What a goofy chart, comparing last year of previous presidents only. Compare Obama to Bush debt.
There are bars for each year, dear.
You and everyone else knows that the congress proposes budgets and works with the president on enacting them, so don't act like democrats are as pure as the driven snow. Covid threw a monkey wrench in everything. We got close to 6 trillion in spending up from a normal of 3.5 the minute covid hit. That's over and it's going to bogart the numbers. There's nothing that's been cut by the WH. In fact, true to form, Joe says we have to spend more to keep from going broke. I've never seen him serious about spending cuts.
You wanna jack up taxes? Look for serious outflows from the U.S. in this global economy.
Now do that chart up there year by year for congress. Maddow or Benet or whoever put it together are clowns.
How do you explain the pre-COVID rise in Trump debt?
Because Trump didn't care about the debt, even said that McConnell told him the deficit doesn't matter.
Anonymous
01/19/2023 17:17
Subject: Republicans and the debt ceiling
Anonymous wrote:What is goofy about it? Accurate that when the GOP is in the White House, the debt goes up and when the dems are in the white house, the debt goes down.
It is such a sordid myth that the GOP is the party of fiscal responsibility and restraint.
It is a myth. However, just look at the total debt of Obama v Bush. Obama is much higher, but the chart misleads by only comparing to Bush's final year.
Anonymous
01/19/2023 17:13
Subject: Republicans and the debt ceiling
Anonymous wrote:They approved the budget! This is not the place for negotiation. The GOP are so stupid. It wouldn’t be such a hypocritical move if they pulled this crap when a Republican was in office. The GOP are just nakedly political and also stupid when they decide to care about debt only when the Dems are in the WH. This is a circus act!
They did not approve the budget. The previous Congress voted for it in December.
Anonymous
01/19/2023 15:34
Subject: Republicans and the debt ceiling
they don't work
Anonymous
Anonymous
01/19/2023 15:19
Subject: Republicans and the debt ceiling
Anonymous wrote:Anonymous wrote:Wealthy Americans and corporate America need to pay up and pay their taxes! This will solve the debt.
It's almost as if our elected officials care more about wealthy Americans and huge corporations than they do about their constituents in general. I wonder why...
Elected officials or GOP elected officials?
It makes a difference.
Anonymous
01/19/2023 15:10
Subject: Republicans and the debt ceiling
Anonymous wrote:Wealthy Americans and corporate America need to pay up and pay their taxes! This will solve the debt.
It's almost as if our elected officials care more about wealthy Americans and huge corporations than they do about their constituents in general. I wonder why...
Anonymous
Anonymous
Anonymous
01/19/2023 10:47
Subject: Republicans and the debt ceiling
Wealthy Americans and corporate America need to pay up and pay their taxes! This will solve the debt.
Anonymous
01/19/2023 10:46
Subject: Republicans and the debt ceiling
They approved the budget! This is not the place for negotiation. The GOP are so stupid. It wouldn’t be such a hypocritical move if they pulled this crap when a Republican was in office. The GOP are just nakedly political and also stupid when they decide to care about debt only when the Dems are in the WH. This is a circus act!