Millenials prefer communism&socilaism.

This is an Admin / Moderator NO GO ZONE. You're on your own.

Moderator: Team

Post Reply
Firedome8
Guru
Guru
Posts: 4974
Joined: Wed Sep 21, 2016 6:16 pm
Location: Pennsylvania

Re: Millenials prefer communism&socilaism.

Post by Firedome8 » Tue Mar 05, 2019 8:36 am

Good question.

Firedome8
Guru
Guru
Posts: 4974
Joined: Wed Sep 21, 2016 6:16 pm
Location: Pennsylvania

Re: Millenials prefer communism&socilaism.

Post by Firedome8 » Tue Mar 05, 2019 4:03 pm

The federal budget deficit ballooned rapidly in the first four months of the fiscal year amid falling tax revenue and higher spending, the Treasury Department said Tuesday,

pdq67
Guru
Guru
Posts: 8404
Joined: Thu Mar 04, 2010 8:05 pm

Re: Millenials prefer communism&socilaism.

Post by pdq67 » Tue Mar 05, 2019 8:36 pm

exhaustgases wrote:
Mon Feb 25, 2019 1:30 pm
So what do all you green new deal lovers wish to give up first? The green new deal has proven what I have been saying as true.
Now sing the song, Imagine no possessions, its a demoncrat dream for the minions. The wealthy demoncrats will own everything, just like they do now.
As long as WE keep our GUNS!!!

pdq67

pdq67
Guru
Guru
Posts: 8404
Joined: Thu Mar 04, 2010 8:05 pm

Re: Millenials prefer communism&socilaism.

Post by pdq67 » Tue Mar 05, 2019 8:39 pm

Ken0069 wrote:
Tue Mar 05, 2019 6:47 am
Major question here is...............WHY DO WE CONTINUE TO HAVE "CONTINUING RESOLUTIONS" TO FINANCE OUR GOVERNMENT INSTEAD OF A YEARLY BUDGET!!! I was under the impression that a yearly BUDGET was required to be passed by Congress EVERY year??? WHEN WAS THE LAST TIME THAT WAS DONE??? :-k
Somebody could be held responsible, this way, nobody is responsible!!

pdq67

Firedome8
Guru
Guru
Posts: 4974
Joined: Wed Sep 21, 2016 6:16 pm
Location: Pennsylvania

Re: Millenials prefer communism&socilaism.

Post by Firedome8 » Wed Mar 06, 2019 9:16 am

woody b wrote:
Sun Mar 03, 2019 4:12 pm
The deficit is due to excessive spending. Tax revenues are UP under Trumps tax plan. It's simple math. Without the Trump tax cuts revenues would still be down. The deficit would be even bigger. Where (or whare) were all you deficit screaming liberals when Obama was President?

Most people can see that 1+1=2. However, seeing that 1+1+1= 3 seems to be a stretch for most liberals.
The Treasury Department said Tuesday that the deficit for the first four months of this budget year, which began Oct. 1, totaled $310.3 billion. That's up from a deficit of $175.7 billion in the same period a year ago. The surplus in January was $8.7 billion.

The higher deficit reflected greater spending in areas such as Social Security, defense and interest payments on the national debt. Meanwhile, the government collected lower taxes from individuals and corporations, reflecting the impact of the $1.5 trillion tax cut President Donald Trump pushed through Congress in 2017.

Fake news?

Firedome8
Guru
Guru
Posts: 4974
Joined: Wed Sep 21, 2016 6:16 pm
Location: Pennsylvania

Re: Millenials prefer communism&socilaism.

Post by Firedome8 » Fri Mar 08, 2019 9:03 pm

Firedome8 wrote:
Wed Mar 06, 2019 9:16 am
woody b wrote:
Sun Mar 03, 2019 4:12 pm
The deficit is due to excessive spending. Tax revenues are UP under Trumps tax plan. It's simple math. Without the Trump tax cuts revenues would still be down. The deficit would be even bigger. Where (or whare) were all you deficit screaming liberals when Obama was President?

Most people can see that 1+1=2. However, seeing that 1+1+1= 3 seems to be a stretch for most liberals.
The Treasury Department said Tuesday that the deficit for the first four months of this budget year, which began Oct. 1, totaled $310.3 billion. That's up from a deficit of $175.7 billion in the same period a year ago. The surplus in January was $8.7 billion.

The higher deficit reflected greater spending in areas such as Social Security, defense and interest payments on the national debt. Meanwhile, the government collected lower taxes from individuals and corporations, reflecting the impact of the $1.5 trillion tax cut President Donald Trump pushed through Congress in 2017.

Fake news?

exhaustgases
Guru
Guru
Posts: 5034
Joined: Sun Oct 06, 2013 9:03 pm

Re: Millenials prefer communism&socilaism.

Post by exhaustgases » Fri Mar 08, 2019 10:41 pm

So chromedome what you going to give up for your communist demoncrat party, and its fun plans?

Firedome8
Guru
Guru
Posts: 4974
Joined: Wed Sep 21, 2016 6:16 pm
Location: Pennsylvania

Re: Millenials prefer communism&socilaism.

Post by Firedome8 » Sat Mar 09, 2019 9:39 am

exhaustgases wrote:
Fri Mar 08, 2019 10:41 pm
So chromedome what you going to give up for your communist demoncrat party, and its fun plans?
What will be forced up yours when the deficit comes due.

j-c-c
Guru
Guru
Posts: 5199
Joined: Sat Sep 03, 2016 9:03 pm

Re: Millenials prefer communism&socilaism.

Post by j-c-c » Sat Mar 09, 2019 9:49 am

exhaustgases wrote:
Fri Mar 08, 2019 10:41 pm
So chromedome what you going to give up for your communist demoncrat party, and its fun plans?
You were a US citizen when Bush 2 was in office?

Were you in a coma?

Tell me again, with examples during the Bush years, if you will, about "smaller Gov", "balanced budget", "protection of rights", "rule of law" Republican never achieved campaign fake mantras?

David Redszus
Guru
Guru
Posts: 6962
Joined: Tue Nov 27, 2007 9:27 am
Location: Chicago
Contact:

Re: Millenials prefer communism&socilaism.

Post by David Redszus » Mon Mar 11, 2019 1:43 pm

Firedome8 wrote:
Sat Mar 09, 2019 9:39 am
exhaustgases wrote:
Fri Mar 08, 2019 10:41 pm
So chromedome what you going to give up for your communist demoncrat party, and its fun plans?
What will be forced up yours when the deficit comes due.
When will the deficit come due?
And to whom does the US owe all this money?
How will they collect?

Firedome8
Guru
Guru
Posts: 4974
Joined: Wed Sep 21, 2016 6:16 pm
Location: Pennsylvania

Re: Millenials prefer communism&socilaism.

Post by Firedome8 » Mon Mar 11, 2019 6:00 pm

David Redszus wrote:
Mon Mar 11, 2019 1:43 pm
Firedome8 wrote:
Sat Mar 09, 2019 9:39 am
exhaustgases wrote:
Fri Mar 08, 2019 10:41 pm
So chromedome what you going to give up for your communist demoncrat party, and its fun plans?
What will be forced up yours when the deficit comes due.
When will the deficit come due?
And to whom does the US owe all this money?
How will they collect?
I would like to hear view points on that subject. I admit to my ignorance.

exhaustgases
Guru
Guru
Posts: 5034
Joined: Sun Oct 06, 2013 9:03 pm

Re: Millenials prefer communism&socilaism.

Post by exhaustgases » Mon Mar 11, 2019 6:35 pm

All that matters is keeping the bunch wanting control over our lives and taking stuff from us from doing it. And its not Trump, you get a guess what climate religion party wishes to do that.

j-c-c
Guru
Guru
Posts: 5199
Joined: Sat Sep 03, 2016 9:03 pm

Re: Millenials prefer communism&socilaism.

Post by j-c-c » Mon Mar 11, 2019 8:11 pm

Firedome8 wrote:
Mon Mar 11, 2019 6:00 pm
David Redszus wrote:
Mon Mar 11, 2019 1:43 pm
Firedome8 wrote:
Sat Mar 09, 2019 9:39 am


What will be forced up yours when the deficit comes due.
When will the deficit come due?
And to whom does the US owe all this money?
How will they collect?
I would like to hear view points on that subject. I admit to my ignorance.
First Follow the money.
1. It gets continuously rolled over, and because of changing interest rates, it can balloon in size
2. The people who most benefit from deficit spending, those that buy/finance this debt, worldwide
3. They are collecting interest right now, why the interest service is now 21%(?) of the annual budget, or some other incredible percentage, that is always rising.

David Redszus
Guru
Guru
Posts: 6962
Joined: Tue Nov 27, 2007 9:27 am
Location: Chicago
Contact:

Re: Millenials prefer communism&socilaism.

Post by David Redszus » Tue Mar 12, 2019 12:53 am

j-c-c wrote:
Mon Mar 11, 2019 8:11 pm
Firedome8 wrote:
Mon Mar 11, 2019 6:00 pm
David Redszus wrote:
Mon Mar 11, 2019 1:43 pm


When will the deficit come due?
And to whom does the US owe all this money?
How will they collect?
I would like to hear view points on that subject. I admit to my ignorance.
First Follow the money.
1. It gets continuously rolled over, and because of changing interest rates, it can balloon in size
2. The people who most benefit from deficit spending, those that buy/finance this debt, worldwide
3. They are collecting interest right now, why the interest service is now 21%(?) of the annual budget, or some other incredible percentage, that is always rising.
The interest on the national debt is how much the federal government must pay on outstanding public debt
each year. The current interest on the debt is $364 billion. That's from the federal budget for fiscal year
2019 (October 1, 2018, through September 30, 2019).

The public debt is $16.9 trillion. That's debt owed to individuals, businesses, and foreign central banks.

The interest rate on our national debt is about 2%. 364B/16.9T=.02%.
If we can entice other governments to lend the US money at a rate of 2%, our government is doing much
better than most banks.

j-c-c
Guru
Guru
Posts: 5199
Joined: Sat Sep 03, 2016 9:03 pm

Re: Millenials prefer communism&socilaism.

Post by j-c-c » Tue Mar 12, 2019 6:44 am

David Redszus wrote:
Tue Mar 12, 2019 12:53 am
j-c-c wrote:
Mon Mar 11, 2019 8:11 pm
Firedome8 wrote:
Mon Mar 11, 2019 6:00 pm


I would like to hear view points on that subject. I admit to my ignorance.
First Follow the money.
1. It gets continuously rolled over, and because of changing interest rates, it can balloon in size
2. The people who most benefit from deficit spending, those that buy/finance this debt, worldwide
3. They are collecting interest right now, why the interest service is now 21%(?) of the annual budget, or some other incredible percentage, that is always rising.
The interest on the national debt is how much the federal government must pay on outstanding public debt
each year. The current interest on the debt is $364 billion. That's from the federal budget for fiscal year
2019 (October 1, 2018, through September 30, 2019).

The public debt is $16.9 trillion. That's debt owed to individuals, businesses, and foreign central banks.

The interest rate on our national debt is about 2%. 364B/16.9T=.02%.
If we can entice other governments to lend the US money at a rate of 2%, our government is doing much
better than most banks.
What is your point, that since our debt interest is currently low ( and with no future guarantees to remain so), keep spending?

Regardless, the rooster will eventually come home:

NYT:
"As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military
Tax cuts, spending increases and higher interest rates could make it harder to respond to future recessions and deal with other needs.

Interest payments on the federal debt could surpass the Defense Department budget in 2023.
Credit
Jeon Heon-Kyun/EPA, via Shutterstock

The federal government could soon pay more in interest on its debt than it spends on the military, Medicaid or children’s programs.

The run-up in borrowing costs is a one-two punch brought on by the need to finance a fast-growing budget deficit, worsened by tax cuts and steadily rising interest rates that will make the debt more expensive.

With less money coming in and more going toward interest, political leaders will find it harder to address pressing needs like fixing crumbling roads and bridges or to make emergency moves like pulling the economy out of future recessions.

Within a decade, more than $900 billion in interest payments will be due annually, easily outpacing spending on myriad other programs. Already the fastest-growing major government expense, the cost of interest is on track to hit $390 billion next year, nearly 50 percent more than in 2017, according to the Congressional Budget Office."

Post Reply