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To: Fawn
Trump ran on a policy of spending an enormous amount of money and cutting taxes, and he has not disappointed.

Until a candidate runs on a platform of cutting entitlement spending - and then actually wins the election - our deficits will continue to rise until some crisis hits. When that crisis will occur, no one has any idea. It will be sudden and bad, but might no happen for 20 years or more. No one knows. Until then (i.e. until China and Japan stop buying our bonds) we'll continue to behave as though nothing is wrong.
4 posted on 07/10/2019 6:24:56 AM PDT by babble-on
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To: babble-on

All you have to do is go to the OMB site and look up the data. Almost 100% of our income tax revenues are spent paying for entitlements, which by law, is the only spending that the government is obligated to make. The rest like the military, gov. agencies is discretionary. Discretionary spending is paid with borrowed money. Anybody see a problem Here?


5 posted on 07/10/2019 6:31:34 AM PDT by D Rider
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To: babble-on

If we actually had a country it would be worrisome. I somehow doubt that you can refer to a geographic region which has a border being over run to the tune of over 100,000 uninvited foreigners a country. I somehow doubt that you can refer to a geographic region as a country when a coup at the highest levels is no big deal. I could go on and on. What we have is not a country and so we have no problems. Global bankers will let us run up trillions knowing we will never pay it back. What we have is a giant money laundering scam which we are transiently caught up in. When the money is gone they will leave us alone. One could consider spending a month in Tegucigalpa to get ready for our future. Or Caracas.


7 posted on 07/10/2019 6:33:46 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: babble-on

You are right. We do not have candidates that run on serious spending restraint.

Democrats always run on spending lots more while giving lip service to cutting the military and corporate welfare.

No programs in existence really get reformed for the modern era.


8 posted on 07/10/2019 6:34:30 AM PDT by Erik Latranyi (The Democratic Party is now a hate-mob)
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To: babble-on
I don't know why anyone would blame Trump for what has happened here.

What Trump did over the last two years was basically expose the GOP members of Congress as a bunch of feckless frauds. After spending the Obama years promising to do this and that during their campaigns and in their fundraising solicitations, they got almost NOTHING accomplished once they were in a position to pass legislation that would actually get signed into law.

As pathetic as this sounds, one of the things that is hard to dispute is that one-party rule by the GOP invariably ends up being a period of grossly irresponsible fiscal mismanagement.

9 posted on 07/10/2019 6:36:48 AM PDT by Alberta's Child ("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
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To: babble-on
"Until a candidate runs on a platform of cutting entitlement spending - and then actually wins the election - our deficits will continue to rise until some crisis hits."

That's what needs to happen, but it's hard to imagine. How many voters would even understand the issue, much less vote for austerity?

Some other crisis will end the borrowing. Step up and place your bets on the timing!

12 posted on 07/10/2019 6:42:35 AM PDT by MV=PY (The Magic Question: Who's paying for it?)
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To: babble-on
I do not have an answer to this deficit situation that is now of a sudden a problem for the anti Trumpers and socialist democrats who have no concerns about adding millions of illegal migrants, new voters as well as welfare recipients, to the US deficit machine. When anybody tries to reverse the spending they wind up just saving money for others not concerned about the national debt to spend. Pres Trump is working within the constraints and massive obstruction tactics of the Deep State and compromised elected officials and leaders in both the Republican and democrat parties. Pres Trump soldiers on and the least we can do is acknowledge that he did not create the problems he is now dealing with. One good man showing others what a leader will do, and can accomplish, when taking responsibility for a task they have dedicated themselves to accomplish.
40 posted on 07/10/2019 8:02:02 AM PDT by mountainfolk
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