Biden needs to get serious about the deficit

[TexasTiger 12,890]

Country needs it and it can be good politics, approached wisely.

Someone needs to sell it. Perot sold it and Clinton mostly reacted to his success in doing so. Perhaps Pete B. can do that, although it helped coming from someone outside the party. Clinton also had a Republican House after 94 that was actually interested in governing when it shut down the House. Gingrich was a grandstander but wanted to deliver and while he set the wheels in motion for the destruction of the House as an institution, it was mostly as a means of personal ascent, not his ultimate goal.

 

[AURex 1,999]

You mean like the Republicans did during Trump administration when they sent the national debt deeeeeep into the depths in order to give a bazillion more dollars to the most wealthy Americans? Is that what you are thinking is a great idea? hahahahaha

 

 

[Leftfield 2,601]

6 hours ago, AURex said:

You mean like the Republicans did during Trump administration when they sent the national debt deeeeeep into the depths in order to give a bazillion more dollars to the most wealthy Americans? Is that what you are thinking is a great idea? hahahahaha

 

 

What does that have to do with what Biden should be doing?

[AU9377 4,934]

https://www.cbo.gov/publication/58888

[DKW 86 7,425]

On 10/5/2023 at 11:24 PM, AURex said:

You mean like the Republicans did during Trump administration when they sent the national debt deeeeeep into the depths in order to give a bazillion more dollars to the most wealthy Americans? Is that what you are thinking is a great idea? hahahahaha

OKay Repubs, Answer the man. Why is budget balancing only good now? for the record, this is why I left the Republican Party. They only cut taxes for the wealthy for the idea of trickle down, that we know for decades does not work.

[I_M4_AU 7,841]

4 minutes ago, DKW 86 said:

OKay Repubs, Answer the man. Why is budget balancing only good now? for the record, this is why I left the Republican Party. They only cut taxes for the wealthy for the idea of trickle down, that we know for decades does not work.

Both parties have kicked this can down the road for years.  The Republicans are just as guilty and like abortion was they fund raised over the issue.  Historically Republicans have been more fiscally responsible, but in recent elections they have succumbed to *free money means votes* and balancing the budget is not popular when SS and other entitlement programs have to be looked at to achieve a balanced budget.

The recent ousting of McCarthy has refocused (supposedly) the balancing of the budget to the forefront.  We shall see.  If the Republicans can regain the WH we will see if they can have an affect.  If four years it may not be enough.

The American public has become accustomed to the little extras from the government and no party is going to win a general election running on deminishing those extras.  Almost sound like socialism doesn’t it.  JMHO.

[DKW 86 7,425]

On 10/7/2023 at 8:39 AM, I_M4_AU said:

Both parties have kicked this can down the road for years.  The Republicans are just as guilty and like abortion was they fund raised over the issue.  Historically Republicans have been more fiscally responsible, but in recent elections they have succumbed to *free money means votes* and balancing the budget is not popular when SS and other entitlement programs have to be looked at to achieve a balanced budget.

The recent ousting of McCarthy has refocused (supposedly) the balancing of the budget to the forefront.  We shall see.  If the Republicans can regain the WH we will see if they can have an affect.  If four years it may not be enough.

The American public has become accustomed to the little extras from the government and no party is going to win a general election running on deminishing those extras.  Almost sound like socialism doesn’t it.  JMHO.

I have been watching both parties since 1980 and before. You expect way too much. The Republicans are going to go right back to what gets them immediate gratification: Throwing $$$ toward donor businessmen. When it comes to Balancing the Budget, that is not even a serious discussion in DC and hasnt been since Reagan or at best since Gingrich did it in 1998.

Edited October 28, 2023 by DKW 86

[I_M4_AU 7,841]

14 minutes ago, DKW 86 said:

I have been watching both parties since 1980 and before. You expect way too much. The Republicans are going to go right back to what gets them immediate gratification: Throwing $$$ toward donor businessmen. When it comes to Balancing the Budget, that is not evena serious discussion in DC and hasnt been since Reagan or at best since Gingrich did it in 1998.

I tend to be optimistic that our elected officials will work for Americans.  I know it it foolhardy, but …. There seems to be a paradigm shift regarding a balanced budget.  The question is how much is too much.  Modern Monetary Theory seems like an excuse to spend as much as the populous wants.

[DKW 86 7,425]

2 hours ago, I_M4_AU said:

I tend to be optimistic that our elected officials will work for Americans.  I know it it foolhardy, but …. There seems to be a paradigm shift regarding a balanced budget.  The question is how much is too much.  Modern Monetary Theory seems like an excuse to spend as much as the populous wants.

We will right off a ton of the debt in a few years. It will kill us internationally but it has to be done.

[Cardin Drake 1,828]

There's no way out. Too far gone. We can run a trillion dollar/year surplus for 33 years just to get even. Not gonna happen.  Interest on the debt is now more than the defense budget.  Bet on inflation. Raise interest rates, raise the deficit, cause inflation. Cut interest rates, devalue the dollar, cause inflation.  No way out. Both parties utterly irresponsible. 

[Cardin Drake 1,828]

2 hours ago, DKW 86 said:

We will right off a ton of the debt in a few years. It will kill us internationally but it has to be done.

No, gonna inflate our way out, but we have to stop running deficits for that to work. All that 2% crap we pawned off on folks is already practically worthless.

[creed 1,637]

Here’s what you do.  Sign up for your congressman’s and senator’s newsletter.  Write them and let them know your expectations. Reconcile their actions with your expectations and if they don’t perform vote them out.  

[Gowebb11 9,324]

We’re the Roman Empire Part Two. Happens to every entity when the majority of leadership is immoral and corrupt. 

[DKW 86 7,425]

1 hour ago, creed said:

Here’s what you do.  Sign up for your congressman’s and senator’s newsletter.  Write them and let them know your expectations. Reconcile their actions with your expectations and if they don’t perform vote them out.  

And they will cash the check from their donors and stay in power forever. We have tried this stuff for 40+ years. It is a fail. It will never work unless you take the money out of politics.

[icanthearyou 4,463]

On 10/7/2023 at 11:21 AM, DKW 86 said:

Modern Monetary Theory seems like an excuse to spend as much as the populous wants.

MMT has limits.  It does not prescribe spending without any concerns. 

[icanthearyou 4,463]

On 10/8/2023 at 9:42 AM, DKW 86 said:

It will never work unless you take the money out of politics.

This is absolute.

However, before that can ever happen,,, the vast majority of the electorate would have to be unified.

Money in politics is sanctioned, overt corruption.  The division is contrived.  The theater is a distraction.

[KansasTiger 3,248]

Even a discussion about deficit reduction has to devolve into, "but the other party did ______". This forum is so deep into the two party op of pitting you against one another that constructive discussion is rare (ive been guilty of it too, which is why I stepped back). Is reducing the deficit smartly not a universally good thing? Is there a side against that?

[I_M4_AU 7,841]

1 hour ago, KansasTiger said:

Is there a side against that?

No, it is smart, but the sides differ in what they want to cut.

[KansasTiger 3,248]

18 minutes ago, I_M4_AU said:

No, it is smart, but the sides differ in what they want to cut.

Well, I don't know what the left wants to cut, so this is a good chance for me to learn. 

[icanthearyou 4,463]

We should learn to divide spending into two categories,,,

Pure expense and, spending that represents an investment (has a return).

We have a printing press and, the world reserve currency.  We need to think less about fiscally conservative/liberal and, think about being fiscally intelligent.

 

 

 

[TexasTiger 12,890]

On 10/9/2023 at 11:53 AM, KansasTiger said:

Well, I don't know what the left wants to cut, so this is a good chance for me to learn. 

We wanna cut the crap!😉

[KansasTiger 3,248]

55 minutes ago, TexasTiger said:

We wanna cut the crap!😉

Out with the crap! Wait...