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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 344,918 of 345,374   
   X, formerly known as "!Jones" to All   
   Re: U.S. Debt on Pace to Top $56 Trillio   
   03 Jul 24 11:06:38   
   
   XPost: alt.fan.rush-limbaugh, talk.politics.guns   
   From: x@y.com   
      
   If this is a medical emergency, stop reading, log off, and dial 911!   
      
   >HAW HAW HAW HAW !!!!  A Republican complaining about debt!  It is to laugh!   
   >   
   >When a President leaves office with a destroyed economy and hundreds of   
   billions in new   
   >spending commitments, the tap can't simply be turned off.   
   >   
   >It took Obama eight years to work the deficit down from a trillion and a half   
   to half a   
   >trillion after the catastrophe of the Bush Presidency.  Otoh, it took Bush   
   only one year   
   >to turn a Democrat's surplus into deficit and just seven more to convert that   
   surplus into   
   >a deficit 150% of what the TOTAL NATIONAL DEBT was when Reagan was sworn in.    
   Trump turned   
   >Obama's half trillion deficit into $8B of new debt in only four years.   
   >   
   >And you're complaining that Biden isn't fixing the Republicans' screw up fast   
   enough?   
   >   
   >HAW HAW HAW HAW !!!!   
      
   Neither party has a particularly good record of controlling spending.   
   When one party demands that spending be cut, they mean to cut the   
   other party's pet projects, but not theirs!  Every administration   
   since 1980 has run a deficit.  Some point to Clinton who had a   
   balanced budget in 1999 and 2000, but he was just economically lucky.   
      
   The problem isn't the Democrats or the Republicans... the problem is   
   that Americans are fat and lazy.  We're used to living spending more   
   than we produce in actual wages... so we demand pay raises.  *This* is   
   the source of inflation, not the president!   
      
   Hard times are coming soon... in Vietnam, we used to say: "Eat your   
   peaches." when we expected the shit to hit the fan. (We'd save our   
   peaches because they were the best part, but we didn't want to die not   
   having eaten them.)  Get out of personal debt, and get fit: physically   
   and financially.  The political far right is ascendent across the   
   political and geographic spectrum, and, historically, global war has   
   usually followed political instability.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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