Republicans have a long history of adding to the national debt. Why should we trust they will not ad

Republicans have a long history of adding to the national debt. Why should we trust they will not add to it, let alone pay it down?


Debt is out of control. I assume we can all agree upon that. Republicans have a long history of adding to it. Yet when they are out of power they make a big deal out of our growing national debt. If you plan to vote Republican this year, do you think they will pay down our national debt given their long history of adding to it?

I have no trust that the Democrats will balance the budget let alone pay down debt. Yet neither do they make as big a stink about it as the right does. I have lost all hope for the left to get spending under control, and am tired of the empty promises from the right as well.

 

Hope much has been added under Biden? Just a refresher from Constitution 1A.: Congress rights the spending bills and appropriates the money.

 

Good point and a reason I don’t support either team. Unfortunately presidents tend to get the blame. Yet why support either party when both add to the problem?

 

Well, Robin, you gotta pick a candidate for your vote.
You are going to vote, right?

 

Republicans are actually much worse than Dems. After recovering from one of the worst recessions in US history, Obama/Biden reduced the deficit in 5 of their last 6 years. Four years of higher deficits under GW and four years of higher deficits under Trump. Why is that? The 2 Santa Claus political theory that Republicans have used since the late '70s.

https://www.salon.com/2018/02/12/th...c-to-con-america-for-nearly-40-years_partner/

First, when Republicans control the federal government, and particularly the White House, spend money like a drunken sailor and run up the US debt as far and as fast as possible. This produces three results – it stimulates the economy thus making people think that the GOP can produce a good economy, it raises the debt dramatically, and it makes people think that Republicans are the “tax-cut Santa Claus.”

Second, when a Democrat is in the White House, scream about the national debt as loudly and frantically as possible, freaking out about how “our children will have to pay for it!” and “we have to cut spending to solve the crisis!” This will force the Democrats in power to cut their own social safety net programs, thus shooting their welfare-of-the-American-people Santa Claus.

 

this propaganda only works if you think everything an administration does only takes effect during that same administration

 

Please do tell - Why are Republicans failing so miserably.

 

Biden is projected to come in at $7 Trillion in debt over 4 years, lower than the Trump $8 Trillion, despite incurring the massive daily interest from the Trump debt. And for the record, the president is involved in the legislative process - Constitution 1B.

 

We KNOW that the Democrats are going to spend public funds hand over fist. We WISH that the Republicans could show some restraint, and there is a possibility that they might.

The Democrats have no incentives to be fiscally responsible. Their base is committed to ever growing the size and scope of government. A part of the Republican base would like to see less spending.

 

It’s posts like this which undermine his assertion that he is an even handed “independent.” The tone is consistently pro Democrat.

 

Very few Republicans commit to a lower national debt and the ones that do also believe in term limits. So they are alone and gone. Controlling national debt is a Republican talking point only and Democrats run on expanding so there you go. No one should base their vote on this subject. It is what it is.

 

Who's projections? Cite the actual numbers and source. Looking at CBO numbers Biden has already surpassed Trump's four year total in only three years.

 

As of Feb 2024, Biden was at $6.4T, so the $7T projection is probably fairly accurate.

https://budget.house.gov/press-release/cbo-2024-baseline-the-baseline-under-president-biden

Obviously he will be lower than Trump's debt. Trump gave a bunch of tax breaks to millionaires and billionaires. Even with the massive interest from Trump's astronomical debt, Biden will still be lower.

 

Yes, and GOP controls spending now, and they did 6 out of 8 Obama years. They DO have a history of accelerating debt increase, while campaigning on the opposite.

 

And what happened in the years they controlled in Obama's time? Deficits dropped in half going from welling into the trillion dollar category to HALF that. Also didn't the GOP control the Senate for the first four years of Obama's term?

 

https://budget.house.gov/press-release/cbo-2024-baseline-the-baseline-under-president-biden

Obviously he will be lower than Trump's debt. Trump gave a bunch of tax breaks to millionaires and billionaires. Even with the massive interest from Trump's astronomical debt, Biden will still be lower.[/QUOTE] So, that's five months into FY 2024 Seven more months suggest he's cruising towards yet another trillion and half deficit.

 

Debt increased by $6 trillion and GOP Congress reps kept accusing Obama for it. And then Trump stepped in, and they hiked spending by 20% right off the bat. And yes, you WILL vote for more of the same.

 

So, that's five months into FY 2024 Seven more months suggest he's cruising towards yet another trillion and half deficit.[/QUOTE]
The deficit is close to a trillion. So half a year would add a 1/2 Trillion to the debt. I'd say $7T is about right, maybe a little less. A far cry better than Trumps $8T.

 

The deficit is close to a trillion. So half a year would add a 1/2 Trillion to the debt. I'd say $7T is about right, maybe a little less. A far cry better than Trumps $8T.[/QUOTE]Which you've. never proved. Probably using some looney lib accounting system.

 

You shouldn't ask parties add because promising goodies wins votes. Promising no goodies and responsibility means no votes. Just the way it is.

 

Would you vote for somebody who suggested we stop sending aid to Ukraine and the middle East. Say **** you to people forced out of work for lock downs over covid and not spend in the government or somebody who says you need to pay a 65% tax rate?

You have to say yes to one or the other in order to reduce the debt.

 

This is exactly why reducing the deficit has to be a completely Bipartisan effort. Clinton and Gore made this effort with the Newt Congress, and they succeeded, and actually balanced the budget. Trouble is that they lost the mid-terms badly after all the cuts, many of them military. And I agree with a 65% Upper Tier tax rate.

 

I don't think that's going to happen.

the upper tier doesn't pay taxes that's the donor class that'll be the middle class that has to pay them.

Politicians will not bite the hand that feeds them.

 

The "upper tier" I'm talking is the tax rate above a certain threshhold. Below is the tax table from 2023. As you can see,
the top rate (Married filing jointly) is 37% for income above $693,750.


As far as "it's not going to happen", I would say that it has to happen. The current situation is unsustainable. Our debt will
continue to be downgraded. The massive debt, the downgrading, the deficit can all lead to a situation where the dollar could be
replaced as the International currency.

 

So the incentive is to make $680,000 to avoid that tax bracket. If you fit in 37% or below yet saves money to actually make less.

And these people will absolutely do that they're smart enough.

So essentially they're not going to earn that kind of money if 65% of their time they're just slaves.

I certainly wouldn't.

What you're left with is about 250,000 I can work it hard and make $250,000 a year and get to keep most of it.

What you going to do if you punish a group of people is there going to encourage them not to work.

You have to take it from the middle class.

Yeah that's not going to happen there's no way. You expect someone who works a job where they make almost $700k a year to work more than half of their time as a slave? Because the government is a bunch of incompetent morons? That's not going to happen.

If you decide to steal most of their money they'll just take more time off. That reduces GDP and further downgrades and shrinks the amount of money in the government pool.

You can't make people work for nothing. United States just barely on the cusp of worker walkout.

I mean 37% of their time they're slaves. They just quit then there's nothing.

I wouldn't be a slave for almost twice that amount of time. If that was me I just take a third of the year off work part-time or contract.