This is what I got from Wikipedia:

 

"The <b>United States federal budget for fiscal year 2009</b> began as a spending request submitted by President George W. Bush to the 110th Congress. The final resolution written and submitted by the 110th Congress to be forwarded to the President was approved by the House on June 5, 2008.^[5] The final spending bills for the budget were not signed into law until March 11, 2009 by President Barack Obama, nearly five and a half months after the fiscal year began"

 

Yep. Even the Left Wing Wikipedia agrees with what I said.

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"Why should I give information to you when all you want to do is find something wrong with it?"

Yep. Even the Left Wing Wikipedia agrees with what I said.

 

Post something factual that proves Obama was working under his own budget for the first month of his office and I'll concede the point.

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Post something factual that proves Obama was working under his own budget for the first month of his office and I'll concede the point.

 

You and I rarely agree... this is one of those times.

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There are 10 kinds of people in this world.  Those who understand binary and those who don't.

You and I rarely agree... this is one of those times.

 

There will come a point in time when Trump will submit a detailed budget request to Congress, both houses will pass budget resolutions, and the sausage will be made.  Until that budget is finally approved, Donald Trump will not get credit for reducing the deficit.

 

To be fair, he also won't get blame for budget shortfalls.  It's not his budget yet.

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If Trump can get the national debt under control he will go down as the greatest president in the last 50 years. The number one problem facing this country isn't illegal immigration, it isn't nuclear warfare, it isn't terrorism, it isn't climate change, it's the national debt. And that's why I say Trump has the opportunity to be the greatest president in the last 50 years, by getting the debt under control.


That said, I have serious doubts as to whether he has any intention of tackling it.

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If Trump can get the national debt under control he will go down as the greatest president in the last 50 years. The number one problem facing this country isn't illegal immigration, it isn't nuclear warfare, it isn't terrorism, it isn't climate change, it's the national debt. And that's why I say Trump has the opportunity to be the greatest president in the last 50 years, by getting the debt under control.


That said, I have serious doubts as to whether he has any intention of tackling it.

 

The thing is, liberals (not you) don't understand the problems that he has to deal with and is facing.

 

Illegal immigration - that is very taxing on our economy and contributes to our national debt.

 

Nuclear warfare - The Constitution is pretty clear regarding providing for the common defense of our country.  It's his duty and obligation to address this.

 

Terrorism - Much like nuclear arms is pretty much his duty.

 

Climate Change - Here he has an opportunity to steer congress into proper legislation, and can eliminate the useless parts of government bureaucracy that drives up the national debt.  The amount of money wasted on this fake science is unreal.

 

It sounds like he is on the right track now though.  More spending on military paid for by cuts to unnecessary government bureaucracy is a good thing.  That's his job.  Fix what's broken and get rid of the needless waste.

 

I imagine that his budget proposal sent to congress is going to receive a lot of backlash, mainly because of congressional "pork".  We'll see what he does when the actual budget hits his desk.

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There are 10 kinds of people in this world.  Those who understand binary and those who don't.

The thing is, liberals (not you) don't understand the problems that he has to deal with and is facing.

 

Illegal immigration - that is very taxing on our economy and contributes to our national debt.

 

Nuclear warfare - The Constitution is pretty clear regarding providing for the common defense of our country.  It's his duty and obligation to address this.

 

Terrorism - Much like nuclear arms is pretty much his duty.

 

Climate Change - Here he has an opportunity to steer congress into proper legislation, and can eliminate the useless parts of government bureaucracy that drives up the national debt.  The amount of money wasted on this fake science is unreal.

 

It sounds like he is on the right track now though.  More spending on military paid for by cuts to unnecessary government bureaucracy is a good thing.  That's his job.  Fix what's broken and get rid of the needless waste.

 

I imagine that his budget proposal sent to congress is going to receive a lot of backlash, mainly because of congressional "pork".  We'll see what he does when the actual budget hits his desk.

 

Yes, maybe, but you're talking about all these indirect effects on the national debt, and it's a mirror image of what liberals say about it- the increased spending on education is good for the economy, and therefore raises tax revenues, which cuts the deficit, or that welfare spending has a multiplier effect, or that Obamacare is good for poor people, which is good for the economy, which indirectly cuts the debt, etc. 

 

Don't get caught up in all these "indirect" effects on the national debt, and how spending in one area indirectly reduces spending in another area, or indirectly raises tax revenues, etc.   We've been hearing all those arguments for decades, where the point where I feel like I'm being conned.   In fact, I know I'm being conned.   Politicians have been telling us for years that we will make money by spending money, and yet here we are, still in the same mess. 

 

The only way to cut the national debt is to reduce the gap between spending and taxing.   I believe the main drivers are entitlements, but however you do it, we have to do it.   If the federal government actually gets to the point where it cannot pay the interest on what is now 20 billion dollars of outstanding debt, the world economy will collapse, millions and trillions of people will be unemployed and starving, wars will break out for precious resources, and people will look back on this era when we were worried about nuclear warfare, terrorism, illegal immigration, etc, with a great deal of fondness.  

 

The difference between US government bankruptcy and all these other problems is that this is a disaster of unprecedented proportions and it is actually coming.   There isn't even any debate about it.  It's like we have a cancer, and we know it, but we don't want to face up to it. 

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It's refreshing to have a President that puts the people first. Nice change after the past 8 years.

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What lies behind us, and what lies before us are tiny matters compared to what lies within us.







 

Like anything to pay down debt they need to either increase revenue, reduce costs or likely a balance of both.


It's not going to happen with large scale tax cuts to the rich.

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Like anything to pay down debt they need to either increase revenue, reduce costs or likely a balance of both.


It's not going to happen with large scale tax cuts to the rich.

 

I agree.   What the politicians are selling is snake oil.  

 

"If we increase spending in this area, it will actually reduce the debt."  

 

The only way to reduce deficits is to cut spending, raise taxes, or both.   There's no pain-free way to get the debt under control.  

 

By the way, I've figured out a way to control diabetes and let you eat as much candy and pizza as you want!   That's what they're selling.  

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I agree.   What the politicians are selling is snake oil.  

 

"If we increase spending in this area, it will actually reduce the debt."  

 

The only way to reduce deficits is to cut spending, raise taxes, or both.   There's no pain-free way to get the debt under control.  

 

By the way, I've figured out a way to control diabetes and let you eat as much candy and pizza as you want!   That's what they're selling.  

 

So the political equivalent of Metformin then?

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

The national debt doesn't exist. You can't compare it to a credit card.

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Discuss...


Oh yeah, the debt increased 200b Obama's first month.

 

Obama was cleaning up GW's mess

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Obama was cleaning up GW's mess

 

Yeah, that never gets mentioned.

 

After last night's speech I don't expect "small government conservative" Fan Boys like StroudCrowd to ever mention the National Debt again. 

 

Last night's speech sure made it seem that Trump never met a spending program he didn't like. 

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The sun's not yellow, it's chicken.

The national debt doesn't exist. You can't compare it to a credit card.

 

Yes, it does exist.   A growing portion of the federal budget is interest on the debt.   If the government gets to the point where it cannot raise enough in taxes to pay the interest on the debt, then the government will have to borrow more and more money to pay the interest on the debt, and they'll have to pay interest on that borrowed money, that will collapse like a Ponzi scheme, or the government will have to start creating money to pay the interest.   The Fed will be buying the debt at that point, and creating money to pay for it.   If that happens, inflation will undoubtedly spiral out of control, and if that happens, the interest demanded by prospective buyers of government bonds will skyrocket, and the debt will skyrocket.   There is no way out. 

 

Twenty TRILLION  dollars of US government debt is traded on bond markets worldwide, and once investors start thinking they may not get paid back, the world economy will collapse.  Then we will wind up with trillions of people out of work worldwide, wars fought for precious resources, and massive levels of starvation due to the collapse of the world economy. 

 

I really don't see how anyone can say the national debt "doesn't exist."   That is a bizarre statement. 

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This is what I got from Wikipedia:

 

"The <b>United States federal budget for fiscal year 2009</b> began as a spending request submitted by President George W. Bush to the 110th Congress. The final resolution written and submitted by the 110th Congress to be forwarded to the President was approved by the House on June 5, 2008.^[5] The final spending bills for the budget were not signed into law until March 11, 2009 by President Barack Obama, nearly five and a half months after the fiscal year began"

beware wikipedia... 

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The national debt doesn't exist. You can't compare it to a credit card.

 

Liberal Logic....

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Liberal Logic....

 

I own part of that debt, it damn well better exist.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

I own part of that debt, it damn well better exist.

What are you on the hook for?

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What are you on the hook for?

I have bonds and tbills like millions of other people.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato