XPost: alt.fan.rush-limbaugh, talk.politics.guns
From: me4guns@verizon.removeme.this2.nospam.net
"Mitchell Holman" wrote in message
news:XnsB1A4834C779F1629555@185.151.15.160...
> "X, formerly known as \"!Jones\"" wrote in
> news:eqsa8j1v2qkd66hkl7bv4chog4pnjf4ri2@4ax.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.
>>
>
>
> Clinton raised taxes, balanced the
> budget and the economy boomed. In fact
> his budgets would have paid down the
> national debt if they had been allowed
> to continue. But Bush deliberataly
> killed the budget surplus because he
> thought it was PROBLEM. Tax cuts were
> more important.
Yep, I have to agree.
> "You see, the growing surplus exists because taxes are
> too high and government is charging more than it needs."
> Bush Address to Congress, Feb 2001
Whereas a mounting national debt is like hanging a mill stone around the
neck of someone swimming and then acting surprised they can't swim nearly as
well.
In 2023 we spend $658 Billion dollars just for interest on the National
Debt.
That $658 Billion dollars bought us nothing.. but another year of time to
carry the debt. In 2024 they are projecting $982 Billion in interest.
Last time I checked it would take 100% of the federal revenue for 7.5 years
to pay off the debt we have.
Over 30 years we could pay it off using 48% of the budget and pay about as
much as we owe in interest. For 100 years. that works out to be 37.7% of
the governments revenue. and you would pay about 4.5 times as much as you
owed in interest.
Now... while we aren't broke.. Buying a new car each year and failing to
even pay the interest no longer seems to be an option. If we continue as we
are National Bankruptcy isn't a question of if.. but only when.
We need to cut the federal budget in half as a start.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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