Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Federal Deficits Explode — Is Anyone Paying Attention?
Investors Business Daily ^ | August 24, 2016 | Editorial

Posted on 08/25/2016 4:08:47 AM PDT by expat_panama

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-46 last
To: i_robot73
and the scrotum from the Senate,

Love that description of Mitch McConnell! LOL!

41 posted on 08/25/2016 7:12:17 AM PDT by exit82 (Road Runner sez:" Let's Make America Beeping Great Again! Beep! Beep!")
[ Post Reply | Private Reply | To 40 | View Replies]

To: Robert DeLong; expat_panama

Slash the un\extra-Constitutional stuffs and I can not only balance the budget, but start paying down the DEBT.

Unfortunately, it’s as ‘useful’ to D.C. as the last given (IIRC, it was the 80+ overlapping programs for housing aide)...Congress shelved it and continued on as usual.

Now, I’ve read that report in the past. It should be mandatory in every high school\college year.

If it doesn’t make you mad, you’re part of the problem.


42 posted on 08/25/2016 8:20:57 AM PDT by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
[ Post Reply | Private Reply | To 24 | View Replies]

To: FoxInSocks

Why do we have to give Iran 10 billion?


43 posted on 08/25/2016 8:23:51 AM PDT by Big Horn (Rebuild the GOP to a conservative party)
[ Post Reply | Private Reply | To 2 | View Replies]

To: expat_panama

And you’re ignorant as well. If you listened to his whole interview, you would have heard talk about public-private ventures implying that firms doing work for the federal infrastructure could borrow with near zero debt service.

You would have also heard that nearly every federal contractor comes in over budget often by billions and far behind schedule because they don’t know how to build or they want to underperform. Whereas, Trump’s projects come in ahead of schedule and under budget.

You would also have heard that in certain areas such as military and critical infrastructure, there is no other choice but to spend.

And he is correct saying the USA cannot default or declare bankruptcy just as any ‘sovereign’ nation cannot do those things. There are only two options: raise taxes or print money (create electronically). Printing money can induce inflation which is a hidden form of taxation, hence both options are alike in shifting power to the federal government.

So as usual, Donald is telling the truth and is signaling that he will use all the tools at his disposal to MAGA. He will not allow himself to be tied to simpleton campaign slogans of “he said this” and “he said that” thereby allowing Megyn Vagina and the like blast away with months worth of distraction via the leftist media on “how he broke his promises”. He’s smarter than them.

Some relevant questions for the media morons are:

1. How will you ensure the currency is not damaged? Gold standard?
2. How will you and Congress reduce debt over the years?
3. How many years will it take you and Congress to balance the budget?
4. Is it desirable or necessary to balance the budget?
5. How will you get Congress motivated to balance the budget?

In the discussion, the question was raised as to what percentage of GDP would be comfortable for the level of debt. This is a turd packaged in candy wrapping marketed by media morons.

GDP, like CPI and other assorted maligned measures, are not the metrics to be used in gauging the progress of MAGA. They have been politicized and signify nothing but political catcalls.

More relevant metrics apply to measuring a reversal in the trade deficit, playing against China’s currency manipulation, auditing the Fed and disclosing to Americans its duplicity in globalism; for example, transferring billions via Citibank to Mexico’s Banamex (which Citibank owns) to build Ford plants in Veracruz, and the like.

The one takeaway, which can be verified via YouTube videos of old hearings of Donald before Congress, is that he is a master of business, banking, finance, trade, negotiation, and taxes. He is smart, damned smart. He plays to win.

This is not about borrowing or printing money. This about winning.


44 posted on 08/25/2016 8:32:22 AM PDT by Hostage (ARTICLE V)
[ Post Reply | Private Reply | To 36 | View Replies]

To: expat_panama

obama spend taxpayers’ money like a woman at a half-price sale.

Then he prints up more.


45 posted on 08/25/2016 10:44:41 AM PDT by Jack Hammer
[ Post Reply | Private Reply | To 1 | View Replies]

To: expat_panama

Paul Ryan cares. /s

The Republican party, like the Democrat party, needs to be obliterated.


46 posted on 08/25/2016 10:55:08 AM PDT by Ray76 (Americanism, not globalism, will be our credo!)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-46 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson