Big "debt deal"? Just more kicking the can, kicking the can, kicking the can.

I have to admit that I stole the idea for this thread from another forum, but it is just so damned good, I couldn't resist.

KICKING THE CAN, KICKING THE CAN, KICKING THE CAN!

This "debt deal" fraud is nothing but another variation on "kicking the can". How convenient that both Democrats and Republicans are content to let this monstrous debt of ours swell even farther out of control than it already is! The one thing that each political mob cares about most is pushing this horrible debt mess to a point beyond the 2024 elections! Meanwhile, you know what our national debt-to-GDP percentage is, right now, today? 123.4%

Hey! You remember the classic from Judas Priest called "Breaking' the Law"? Now, substitute this new title:

KICKING THE CAN,
KICKING THE CAN,
KICKING THE CAN!

 

more tax cuts for the rich will fix the problem

 

At some point we should stop pretending that the debt is a real problem.

 

I have no problem with debt and deficit, neither do any Democrat or Republican in last 50 years. At least I am honest. Most republicans; politician and voter both talk about how bad “deficit and debt” but they keep voting for spending more.

 

While neither side ever substantively addresses the debt, the motives that you ascribe are not correct.

Conservatism in general is very much in favor of cutting spending to make substantive gains in balancing the budget. This applies to the politicans and especially the voters. The problem is that it is too easy to demagogue anyone suggesting meaningful cuts, and thus a President running on making that happen will never win.

From that perspective, it is not accurate to say that Conservatives dont care. It is only accurate to say that neither side is ever going to substantively tackle this issue.

 

Can you name a single conservative President cut spending in last 50 years? Can you name a single year when Conservative had WH and Congress and they cut spending?

Only time conservative congress cut spending when Democrat is in WH.

 

At a few points it did in the 1960s during the Kennedy administration, the Reagan administration in the early 1980s and even for Bush the younger in the 2000s, tax cuts boosted the economy. Obama extending them after the 2008 crash.

It’s a shame that your ideology clouds your ability to understand how capital markets, investing and entrepreneurship work. I felt the same way when I was in undergraduate school despite the fact that I was a business major. Then I saw the truth.

 

There is going to be a GOP Congress submitting a budget for fiscal year 23-24 in September. So we'll see how they do when they have the majority,

My guess it will be a lot of cosmetic "cuts."

 

at times in history they can, but it's been over done, greedy corps are taking the tax cuts and shipping jobs overseas and importing goods to sell from overseas now - it's not trickling down

 

We need to bring back confidence in our nation by abolishing the debt ceiling. If debt is to be controlled, it's not by holding our credit and credibility hostage. Control spending, maybe increase taxes, but don't threaten to not pay our obligations.

 

“Control spending” is something the Democrats will never do. I know it sometimes dangerous to use the word “never” when referring to behavior, but in this case, I’m on solid ground.

The Republicans control spending for a short time if inflation is bad enough and their base demands it.

 

Did I say that neither side ever substantively addresses the debt? Yes, of course I did.

With that being the case, why are you asking me if I can name a conservative President that has cut spending? I have already acknowledged they have not.

Now if you want to talk about congress, that is a different animal altogether. There are lots of districts where a person can legitimately be a deficit hawk and get elected. Those are the ones who are going to fight a Democrat president tooth and nail about spending. They still fight for lowered spending when their guy is in office too, but clearly they are going to fight against the opposition more than their own side.

Is it news to you that either side has a strong tendency to fight against the opposition more than their own side?

 

McCarthy and Biden are beaming after their deal was passed. It will never come to light how many backroom deals had to be made to get it done though. I heard at least one gas pipeline got approved that had been previously denied.

 

I would absolutely trade the debt ceiling for a constitutional balanced budget amendment.

Game?

 

modern conservatives don't care, and see the debt as a way to destroy what little safety net remains. repub virtue signaling on the debt goes back at least as far as reagan and his "two santa claus"
economics, repeated every time repubs are in charge.

and no, the debt will NEVER be paid as long as treasury bonds are a safe parking space for billionaire/corporate money. the last time we made any headway vs the debt gwbush/greenspan/paulson/the repub congress could not wait to tack on a tax cut and 2 wars. .

 

Yes, that is the nature of politics and has been this way long before you were born. We kicked the can about slavery and the final solution until we had a civil war that pretty much-ended slavery in this country. Debt and deficits, this has been going on politically since the 1980s even though we had debt and deficits prior to that and found a way to pay those debts back, especially after WW2. But if you thnk conservatives want their programs cut in order to solve the deficit, you are deadly, pun intended, mistaken. Same for Democrats. So the game has been a game of I want to fund my programs but not yours sort of argument.

 

When it comes to fiscal responsibility in the U. S. Government, I don't trust Republicans a whole lot more than Democrats. They're both frauds because they're both the kind of charlatans who are willing to just push this off until January 2025, which will be AFTER the next elections. Meanwhile, every time these deceitful public "servants" stupidly approve huge amounts of more spending, it just jacks inflation up even more than it already is. And the Fed thinks it can stop inflation with timid little quarter-point interest rate increases. Pathetic!

 

republicans say debt doesn't matter under a republican, the tea party disappeared under Trump, no where to be heard

 

as long as there is a war tax to pay for any future wars and we reverse the tax cuts for the rich, (all military spending comes from the war tax), and raise the tax cap on social security, and the Military budget trimmed too in such cases, and tie the min wage to Congress's cost of living increases ... Game?

 

Republican Sen. Jon Kyl on the magical power of tax cuts

You should never raise taxes in order to cut taxes. Surely Congress has the authority and it would be right, if we decide we want to cut taxes to spur the economy, not to have to raise taxes in order to offset those costs. You do need to offset the cost of increased spending. And that's what Republicans object to. But you should never have to offset cost of a deliberate decision to reduce tax rates on Americans.


05.16.23
Extending Trump Tax Cuts Would Add $3.5 Trillion to the Deficit, According to CBO
New report finds Republicans’ giveaways to the wealthy and large corporations are significantly more costly than previously estimated

https://www.budget.senate.gov/chair...d-35-trillion-to-the-deficit-according-to-cbo

 

Let's just keep kicking that Dusty old dirty thing straight down the dirt road to our great grandkids !!!

And watch it roll downhill like a snowball !!!

 

Too bad. We could use the Tea Party now. They might be skilled in vote harvesting.

 

Into the nursing homes we March forth !!!

No grave too deep and no cemetery too dark and no ghetto too far away !!!

Nothing to see here folks just some boxes going in the back door....

 

That's the GOP plan, in fact in their rules in the House, they make it easier to gut more revenues (taxes) as they got rid of "offsets" for tax cuts. Weird right? They are currently working on making Diaper Donnie's tax cuts permanent, at a cost of $3.5 trillion says CBO over 10 years