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Credit Where Credit is Due: a shout out thread for Things Trump Did Right

Of course the Democrats have no plan to protect you from the bogeyman. And you're being blind if you think he'll be out in three years.
The debt death spiral has been looming far before the arrival of Trump. The debt interest that is so out of control it is more than the defense budget now. In the near future when our government has to borrow more money just to finance this debt interest the bond vigilantes will be officially of control. This is not an imagined trumped up Trump fear. It is horribly real.
It would be a lot easier to accept your concern about this, if your solution wasn't involving the guy looking to saddle five trillion in more debt for the tax cut alone.
The Democrats need to acknowledge reality and work to prevent this from happening.
Obama levelled spending increases, Clinton cut spending. Biden didn't cut spending. No GOP'er has cut spending. Trump was near $1 trillion pre-Covid annual deficits.
Bashing Trump and name calling solves nothing at all.
Trump is ADDING TO THE DEBT! The solution from the GOP / Trump to temper their new debt includes slashing medical coverage for the poor.

We aren't name calling, we are grabbing your shoulders and throttling you back and forth yelling, "What the fuck is wrong with you!?!" The guy you are backing isn't backing any of the stuff you care about!
 
The debt death spiral has been looming far before the arrival of Trump.
When Clinton left office the deficit and debt were down and shrinking.
Then Bush II came along and slashed taxes on the rich. Trump continued the tradition of looting the country to benefit the rich. Now the debt is huge and the interest rate is skyrocketing. But just try to get the Republicans to support fiscal sanity, they won't.
Tom
You're right that the rich have lost their mind over tax cuts and blown deficits worse than Democrats. But both sides have ignored for completely too long real spending cuts that would do anything useful.

It was very unpopular but DOGE at least attempted a real effort that appeared to have promise to actually reduce the spending side.

Perhaps both sides could at least get along enough to save the country if the Republicans would forget about their tax cuts for the rich and the Democrats would admit to the deficit problem is a real threat to us all.
 
You're right that the rich have lost their mind over tax cuts and blown deficits worse than Democrats. But both sides have ignored for completely too long real spending cuts that would do anything useful.
Why spending cuts instead of tax increases on the folks getting stupid rich in the current situation?
And frankly, I'm confident that the Democrats would have operated more like Clinton in the late 90s had the Teaparty obstructionists not taken over in 2010.
Tom
 
You're right that the rich have lost their mind over tax cuts and blown deficits worse than Democrats. But both sides have ignored for completely too long real spending cuts that would do anything useful.
Why spending cuts instead of tax increases on the folks getting stupid rich in the current situation?
And frankly, I'm confident that the Democrats would have operated more like Clinton in the late 90s had the Teaparty obstructionists not taken over in 2010.
Tom
Because you could take 100% of their wealth and still not fix this problem. The math tells us that. It would just be like DOGE except in reverse. Lots of squealing and hollering and no more billionaires...but at the end of the day the death spiral wouldn't be stopped.

The US simplyhas to cut spending profusely and I'm in favor of looking at all the global and military spending first. I was actually hopeful with DOGE but its not going to be worth a shit either. I'm about ready to retire and cutting social security will certainly not make me happy at all. But that's probably the kind of solution it will take for the sake of this nation.
 
I am no economist, but even I can see the difference between spending and investing.
When we built the interstate highway system, was that spending or investing?
 
You're right that the rich have lost their mind over tax cuts and blown deficits worse than Democrats. But both sides have ignored for completely too long real spending cuts that would do anything useful.
Why spending cuts instead of tax increases on the folks getting stupid rich in the current situation?
And frankly, I'm confident that the Democrats would have operated more like Clinton in the late 90s had the Teaparty obstructionists not taken over in 2010.
Tom
Because you could take 100% of their wealth and still not fix this problem. The math tells us that. It would just be like DOGE except in reverse. Lots of squealing and hollering and no more billionaires...but at the end of the day the death spiral wouldn't be stopped.

The US simplyhas to cut spending profusely and I'm in favor of looking at all the global and military spending first. I was actually hopeful with DOGE but its not going to be worth a shit either. I'm about ready to retire and cutting social security will certainly not make me happy at all. But that's probably the kind of solution it will take for the sake of this nation.
Math tells us that deficits are the result of spending exceeding revenue. Math tells us that reducing a deficit can be done by
1) only reducing spending,
2) only raising revenue,
3) a combination of reducing spending and raising revenue, or
4) let revenue grow at a faster rate than spending.

Math does not tell us how to attend to the deficit or even if the deficit needs attention.

I find it odd that you invoke math, when every post you have made seems to completely ignore its strictures.
 
Does @RVonse pay his grocery store?
Do they buy anything from him?
What does his car dealer buy from him?
His plumber?
RVonse has a lot of “losing” relationships, obviously. Does he think Trump is going to re-set those losing dynamics?
The deficit needs to be fixed!
I do hope RVonse pays his employer in the amount of his pay or more. Otherwise, why should they pay him and sustain a one-sided deficit relationship at their expense!!!
 
I am no economist, but even I can see the difference between spending and investing.
When we built the interstate highway system, was that spending or investing?
Is it not both?
You have to spend money to build the highway.
But that money is an investment in the future i.e. the money it saves or creates/facilitates > the initial spending.
 
The debt death spiral has been looming far before the arrival of Trump. The debt interest that is so out of control it is more than the defense budget now....

The Democrats need to acknowledge reality and work to prevent this from happening. Not because they like Trump but because they like their country.

Help me out here, @RVonse . I, and others, have posted MANY times graphs showing VERY clearly that deficits INCREASE when Rs control the White House and Congress, and that deficits DECREASE when Ds control the White House and Congress. Let me repeat that in a larger font:

I, and others, have posted MANY times graphs showing VERY clearly that deficits INCREASE when Rs control the White House and Congress, and that deficits DECREASE when Ds control the White House and Congress.

Right now I'm NOT interested in your spins or excuses. I do NOT want news from the latest Jimmy Dore show. Instead my question is a very SIMPLE yes/no question:

Do you even remember seeing those graphs?
Thanks in advance for answering this question.

There are two (2) exceptions to the rule that deficits decrease under Ds:
(1) Deficits rose in response to the Bush-43 deregulations and financial crisis of 2008, and as a result of the Bush-43 tax cuts.
(2) Deficits also rose in response to the Trump-45 COVID mistakes of 2020 and as a result of the Trump-45 tax cuts.
You can understand that the deficit rises of 2009 and 2021 were in response to the mistakes seen in 2008 and 2020, right? Right??
 
You're right that the rich have lost their mind over tax cuts and blown deficits worse than Democrats. But both sides have ignored for completely too long real spending cuts that would do anything useful.
Why spending cuts instead of tax increases on the folks getting stupid rich in the current situation?
And frankly, I'm confident that the Democrats would have operated more like Clinton in the late 90s had the Teaparty obstructionists not taken over in 2010.
Tom
Stop kissing Cinton's ass. Clinton takes credit for something he has little to do with. He was lucky to preside over upper trend of stock market internet bubble, that's all.
 
@RVonse -- I do hope you answer my recent question.

Meanwhile, I and others continue to be amazed at your persistent belief that the DOGE cuts were about reducing government spending! Are you REALLY so gullible? Let me walk you through something VERY simple.

There is one government agency which is a HUGE profit center for the U.S. government, an agency where cuts clearly lead to government funding LOSSES. Can you guess what that agency is?

To make it more of a challenge for you, I've used spoiler tags to conceal the agency name in the quote that follows

The . ' . ' . IRS . ' . ' . has been a focus of DOGE's cost-cutting efforts, with plans to trim as much as 40% of its workforce this year. Through March, those efforts have resulted in the . . . . . . . tax . . . . . agency losing about 11% of its workforce
...
The . ' . ' . ' . ' IRS . ' . ' . ' has lost almost one-third of its . ' . ' . ' tax . ' . ' . ' auditors after 2 months of DOGE cuts, report says

@RVonse -- Did you figure out what agency Musk cut where the cuts could not possibly have been a genuine effort to save government money?

You're right that the rich have lost their mind over tax cuts and blown deficits worse than Democrats. But both sides have ignored for completely too long real spending cuts that would do anything useful.
Why spending cuts instead of tax increases on the folks getting stupid rich in the current situation?
And frankly, I'm confident that the Democrats would have operated more like Clinton in the late 90s had the Teaparty obstructionists not taken over in 2010.
Tom
Stop kissing Cinton's ass. Clinton takes credit for something he has little to do with. He was lucky to preside over upper trend of stock market internet bubble, that's all.

Thanks, barbos. Your ignorance about Clinton helps us understand the nature of the Russian trolling which has left Mr. Vonse so dreadfully confused.
 
Stop kissing Cinton's ass. Clinton takes credit for something he has little to do with. He was lucky to preside over upper trend of stock market internet bubble, that's all.
I'm not kissing Clinton's ass. I'm pointing out the reality.
The State of the Union, in the broadest "peace and prosperity" index, was the best it's been in my lifetime at the end of the Clinton administration.
"Stock market internet bubble"? What load of crap do you think you're selling there? There hardly was an Internet during most of the 90s.
Tom
 
There hardly was an Internet during most of the 90s.
There was an economic bubble, but it was a “housing bubble”. Babs is always misinformed and confused.
I don't think it was a bubble so much as the long term benefits of Reagan administration policies starting to kick in. Plus he signed NAFTA, which was great, for awhile. But he didn't start any wars and cut spending a bit, so the federal budget was doing great.

I don't think he was particularly brilliant, mostly he just stayed out of the way of economic improvements.
Tom
 
The debt death spiral has been looming far before the arrival of Trump. The debt interest that is so out of control it is more than the defense budget now....

The Democrats need to acknowledge reality and work to prevent this from happening. Not because they like Trump but because they like their country.

Help me out here, @RVonse . I, and others, have posted MANY times graphs showing VERY clearly that deficits INCREASE when Rs control the White House and Congress, and that deficits DECREASE when Ds control the White House and Congress. Let me repeat that in a larger font:

I, and others, have posted MANY times graphs showing VERY clearly that deficits INCREASE when Rs control the White House and Congress, and that deficits DECREASE when Ds control the White House and Congress.

Right now I'm NOT interested in your spins or excuses. I do NOT want news from the latest Jimmy Dore show. Instead my question is a very SIMPLE yes/no question:

Do you even remember seeing those graphs?
Thanks in advance for answering this question.

There are two (2) exceptions to the rule that deficits decrease under Ds:
(1) Deficits rose in response to the Bush-43 deregulations and financial crisis of 2008, and as a result of the Bush-43 tax cuts.
(2) Deficits also rose in response to the Trump-45 COVID mistakes of 2020 and as a result of the Trump-45 tax cuts.
You can understand that the deficit rises of 2009 and 2021 were in response to the mistakes seen in 2008 and 2020, right? Right??
Other than Clinton, the deficit has never gone positive. Ill even give Clinton the credit for that brief interlude of sanity although Gingrich and the Republicans controlled congress at the time. But other than this very brief instance of time there has never been any progress and now we can't pay our interest on this debt without borrowing even more money just to pay our interest. The debt just keeps on growing and now it looks like a hockey stick.

So what is your solution to this Swammerdami? Sit down and do nothing and die? That's seems to be what most think is best on this board. We see the supernova coming our way but we just don't care about it. The fed is paralyzed at this point too. They can't just lower interest to help the US pay its debt interest or our economy will be back to high inflation again. And is it really moral for the fed just to print more dollars while countries like China actually produce for our consumption? For the people who think doing nothing is great.....how do you propose we pay the interest on our debt? And do you believe the magic fairy is just going to pop the debt away without some kind of bondholder revolt?

Pray tell me what are your idea's for helping our country produce more, save more, and consume less? We know that tariffs tax consumption and encourages more local manufacturing to produce more. But maybe you have the best idea which is better than doing nothing?
 
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Stop kissing Cinton's ass. Clinton takes credit for something he has little to do with. He was lucky to preside over upper trend of stock market internet bubble, that's all.
I'm not kissing Clinton's ass. I'm pointing out the reality.
The State of the Union, in the broadest "peace and prosperity" index, was the best it's been in my lifetime at the end of the Clinton administration.
"Stock market internet bubble"? What load of crap do you think you're selling there? There hardly was an Internet during most of the 90s.
Tom
That's not reality, that's inventive propaganda.
 
The Socratic method is a teaching and philosophical approach developed by Socrates that uses a questioning technique to explore ideas and uncover underlying assumptions. It involves engaging in a dialogue where individuals are questioned to examine their beliefs, arguments, and the reasoning behind their assertions. The goal is not to impose a specific answer but rather to encourage critical thinking and a deeper understanding of the topic at hand.

RVonse -- I am willing to engage you in discussion. But I ask that you approach this with an open mind. I answer your questions. You do NOT answer mine; you just repeat the same canards over and over.

Did you tackle the following question yet?
Swammerdami said:
Did you figure out what agency Musk cut where the cuts could not possibly have been a genuine effort to save government money?
You insist that Trump and Musk are trying to reduce the deficit. Question your assumptions. Our discussion can hardly move on until you can answer this.


The debt death spiral has been looming far before the arrival of Trump. The debt interest that is so out of control it is more than the defense budget now....

The Democrats need to acknowledge reality and work to prevent this from happening. Not because they like Trump but because they like their country.
I, and others, have posted MANY times graphs showing VERY clearly that deficits INCREASE when Rs control the White House and Congress, and that deficits DECREASE when Ds control the White House and Congress.
...
Do you even remember seeing those graphs?
Other than Clinton, the deficit has never gone positive.

Is that ALL you remember from those graphs?? :confused2: Think beyond a snitty little binary meme!

Answer this question:

Which is better?
(a) to convert a $5 billion deficit into a $5 billion surplus; or
(b) to convert a $900 billion deficit into a $5 billion deficit.

Do you grasp the simple arithmetic point this question drives at? If you DO reply to this post, please include this question and your answer, A or B. If instead we get no sign of progress from you, this "discussion" will be much too frustrating.
Ill even give Clinton the credit for that brief interlude of sanity although Gingrich and the Republicans controlled congress at the time.

It sounds like you've fallen for GOP propaganda again. When Clinton was elected, his "coat-tails" gave him a majority in both Houses. That was the only reason he was able to pass The Deficit Reduction Act of 1993. That Bill passed the House of Reps without a single Republican vote. The bill then went to the Senate where the vote was 50-50. Again, not a single Republican Senator voted for the Bill. Al Gore, climbed the dais and exercised his Constitutional duty by casting the deciding vote. The Bill then went to the White House where Bill Clinton signed it into law.

Newt Gingrich -- the very nasty man who sent American politics on his downward spiral -- went on TV and BRAGGED that not a single Republican had voted for the Deficit Reduction Act: The Democrats owned this law and owned the chaos and recession that would follow.

But instead the Act ushered in one of the most prosperous periods in all of American history. Economists from BOTH sides of the political divide admit that the Deficit Reduction Act was a principal key to this prosperity. This great success story should be better known. And let me repeat again: The legislation received ZERO votes from Republican Congressmen and Senators. ZERO. Z-E-R-O. With a Z.

If and when you dare to quote this post and respond to it, I want you to acknowledge that you've learned something new.

In 2001 GW Bush became President (despite losing the popular vote to Al Gore) and almost immediately began reversing the Democrat's fiscal prudence. Massive tax cuts for the rich were passed; These cuts made the rich richer but that wasn't even the main purpose. The idea --  Starve the beast -- was to DELIBERATELY increase the deficit! (In the Wiki article you can read right-wingers admitting this in so many words.) By increasing the deficit, the right-wing has an excuse ("we need to save money") for firing regulators.

@RVonse -- If and when you reply to this, please respond to EACH paragraph, even if it's only with a single word like "Understood." Can you understand why it is frustrating for me to try to inform you when you'll just go back to the same tired memes and insults, without making any effort to educate yourself?

So what is your solution to this Swammerdami?

The short answer? Difficult long-term problems require careful long-term solutions. Do NOT fall for magic quick fixes peddled by a con-man.

The problems you pose are real problems, and difficult. The first and foremost step is to STOP electing Republicans with their "Starve the Beast" agenda. To achieve that, we need to educate people like you. I realize your single vote will not be enough to swing an election; I consider my discussion with you to be an experiment. The experiment appears to be an on-going failure.

Firing the tax auditors at the IRS -- each of whom earns millions for U.S. Treasury by finding cheaters among the rich and super-rich -- is proof that Trump-Musk pursue the same old "Starve the Beast" agenda. Firing these auditors OBVIOUSLY acts to increase the deficit, NOT reduce it. Surely that must be clear to you?? Yet you love your psychopathic messiah and refuse to see the light. If your ilk continues to elect scamsters like that, what can us rational thinkers do?

... For the people who think doing nothing is great.....how do you propose we pay the interest on our debt?

You and I agree on something! Some on this Board refuse to understand the distinction I make between fiat money and bank-created money. They argue that "Sovereign debt can be made to disappear by simply adding more zeroes to banknotes." Perhaps those Infidels understand that printing oodles of fiat money is not a good solution, but they inject the idea into discussions out of exasperation with your obduracy. In any event I may add a post or two to the thread I started about the history of bank-created money.

And do you believe the magic fairy is just going to pop the debt away without some kind of bondholder revolt?

These aren't easy problems. The short answer is: We listen to the long-term solutions proposed by respectable thinkers; the USA has produced many Nobel Laureates in Economics. What we should NOT do is to fall for larcenous "snake oil salesmen" as you have done.

Is there a major financial crisis coming? One that will dwarf the crisis of 2008? A crisis which will challenge Dollar Domination itself? Yes, such a crisis is increasingly likely, though nobody can say with certainty WHEN it will appear. One thing IS clear to rational observers: The Trump Presidency is HASTENING that crisis, not delaying it.
 
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