Jason Posted July 23, 2019 Author Share Posted July 23, 2019 32 minutes ago, RedSoxFan9 said: how are we going to pay for it MOAR TAX CUTS Quote Link to comment Share on other sites More sharing options...
EternallDarkness Posted July 23, 2019 Share Posted July 23, 2019 We lost our one chance at actually having someone who wanted to do something real about the debt the year Clinton won. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted July 23, 2019 Share Posted July 23, 2019 9 minutes ago, Greatoneshere said: Umm . . . no. @Signifyin(g)Monkey and @SFLUFAN help us out, you are our only hope. They can explain everything better than I can, and know better than me on this issue anyway. Who cares? "Balanced budgets" are fiscal garbage that no one should be proud of in any way, shape, or form. Quote Link to comment Share on other sites More sharing options...
Greatoneshere Posted July 23, 2019 Share Posted July 23, 2019 25 minutes ago, SFLUFAN said: Who cares? "Balanced budgets" are fiscal garbage that no one should be proud of in any way, shape, or form. Thanks. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted July 23, 2019 Share Posted July 23, 2019 The national debt doesn't matter as long as it grows slower than inflation and GDP, on average. In a perfect world it would be lower, but I'd rather have money spent on people than on eliminating the debt of a nation that is economically stable. Quote Link to comment Share on other sites More sharing options...
Massdriver Posted July 23, 2019 Share Posted July 23, 2019 The lesson of the last 40 years is developed countries can have plenty of national debt without it being a major problem. There is a limit, but the United States isn't even close to it. I still favor surplus budgets during growing years and major deficits during recessions, but that sort of fiscal discipline doesn't exist. Quote Link to comment Share on other sites More sharing options...
Jason Posted July 23, 2019 Author Share Posted July 23, 2019 45 minutes ago, Massdriver said: The lesson of the last 40 years is developed countries can have plenty of national debt without it being a major problem. There is a limit, but the United States isn't even close to it. I still favor surplus budgets during growing years and major deficits during recessions, but that sort of fiscal discipline doesn't exist. A lot of our cushion on this goes away if Trump's idiotic trade wars manage to dislodge the dollar as the global reserve currency. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted July 23, 2019 Share Posted July 23, 2019 18 minutes ago, Jason said: A lot of our cushion on this goes away if Trump's idiotic trade wars manage to dislodge the dollar as the global reserve currency. A lot of our "everything" goes away if/when that happens. Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted July 23, 2019 Share Posted July 23, 2019 39 minutes ago, Jason said: A lot of our cushion on this goes away if Trump's idiotic trade wars manage to dislodge the dollar as the global reserve currency. Well, that *is* the shortest route to ending our trade deficits. There’s really no other way you’re ever going to have the domestic demand for dollars outstrip foreign demand for dollars. So I guess at that point Trump could declare that we’re ‘winning’ again. 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2019 Share Posted July 23, 2019 3 hours ago, Greatoneshere said: Umm . . . no. @Signifyin(g)Monkey and @SFLUFAN help us out, you are our only hope. They can explain everything better than I can, and know better than me on this issue anyway. It was a combination of many factors, but the real answer is the tech boom did most of the heavy lifting by driving increased revenue, not any particular budgetary policy. There were a few budgetary policy changes that played meaningful roles, notably the reduction in defense department spending by winding down the size and scope of the military post Cold War. There are a bunch of other smaller budgetary modifications that add up to a decent chunk, but nothing compared to the tech boom driving up revenues and the shrinkage of the post Cold War military apparatus. Quote Link to comment Share on other sites More sharing options...
Jason Posted July 24, 2019 Author Share Posted July 24, 2019 Quote Link to comment Share on other sites More sharing options...
Jason Posted July 26, 2019 Author Share Posted July 26, 2019 Quote Link to comment Share on other sites More sharing options...
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