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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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