Current Events > can a 'fiscial conservatives' explain how adding $1TR debt is anything but awful

(+) Yeah! (+)

please help me understand why your side thinks this is even remotely acceptable given the amount of noise you make about deficit spending (when Democrats do it) and fiscal responsibility and all that. i promise i wont argue, i really just want to understand.

just so you understand, that's $1,000,000,000,000.
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it will help bitcoin
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Get dabbed on, libcucks
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literal_garbage posted...

Get dabbed on, libcucks

that's about level of understanding i would expect from literal garbage
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BignutzisBack posted...

it will help bitcoin

can you explain how?
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@The_Admiral i don't really like to tag people, but im genuinely curious in your response.
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We on the same side fam. One love, one country
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American conservatism doesnt even exist lol
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Giant_Aspirin posted...

BignutzisBack posted...

it will help bitcoin

can you explain how?

The more unstable or weaker actual currency or perceived imbalance, Bitcoin becomes more valuable as it looks more stable
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This proves that all those tea party darlings who were elected because of deficits weren't elected to combat spending, they were elected to combat a black president.
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We could have free public tuition for less
https://www.theatlantic.com/business/archive/2014/01/heres-exactly-how-much-the-government- would-have-to-spend-to-make-public-college-tuition-free/282803/
http://www.slate.com/blogs/moneybox/2015/01/14/free_college_here_s_how_much_public_college_students_pay_in_tuition.html
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Antifar posted...

We could have free public tuition for less
https://www.theatlantic.com/business/archive/2014/01/heres-exactly-how-much-the-government- would-have-to-spend-to-make-public-college-tuition-free/282803/
http://www.slate.com/blogs/moneybox/2015/01/14/free_college_here_s_how_much_public_college_students_pay_in_tuition.html

Or universal health care. But tax cuts for the wealthy is important too!
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jumi posted...

This proves that all those tea party darlings who were elected because of deficits weren't elected to combat spending, they were elected to combat a black president.

Well, you're not wrong
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Anything that makes those Libruhls upset!
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shockthemonkey posted...

Nothing?

i was at least expecting the default response of

"but if we let the richest people in the world have EVEN MORE money they'll invest it and create new businesses / employ more people which will eventually bring in more tax revenue to balance out the budget"
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Im curious too
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Antifar posted...

We could have free public tuition for less
https://www.theatlantic.com/business/archive/2014/01/heres-exactly-how-much-the-government- would-have-to-spend-to-make-public-college-tuition-free/282803/
http://www.slate.com/blogs/moneybox/2015/01/14/free_college_here_s_how_much_public_college_students_pay_in_tuition.html

#fiscalresponsibility
#smallgovernment
#forthepeople
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Right now we have a lot of wasteful spending in our government.

Many departments, including the military, could get by on less money, but won't because we have a corrupt government.

However, the idea behind lowering taxes is that it stimulates the economy by giving the people more spending power, thus increasing demand, which of course means that jobs will open up, thus increasing the revenue for the government while lowering the tax burden on the working people.
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Seeing them try to defend it would be pretty damn funny because of how they were relentlessly bitching about how Obama added to the deficit
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QassTank posted...

However, the idea behind lowering taxes is that it stimulates the economy by giving the people more spending power, thus increasing demand, which of course means that jobs will open up, thus increasing the revenue for the government while lowering the tax burden on the working people.

Which has never happened historically from tax cuts. Rich will not create jobs because they have more money. Only demand for that job creates more jobs.
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I guess we're just going to have to make cuts to waste spending to make up for it.
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QassTank posted...

Many departments, including the military, could get by on less money, but won't because we have a corrupt government.

let's be real though, the military will never get a lower budget while republicans have their say
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r4X0r posted...

I guess we're just going to have to make cuts to waste spending to make up for it.

Sounds good to me!
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QassTank posted...

Right now we have a lot of wasteful spending in our government.

Many departments, including the military, could get by on less money, but won't because we have a corrupt government.

However, the idea behind lowering taxes is that it stimulates the economy by giving the people more spending power, thus increasing demand, which of course means that jobs will open up, thus increasing the revenue for the government while lowering the tax burden on the working people.

Trickle down economics doesnt work.
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Tmaster148 posted...

Only demand for that job creates more jobs.

not sure i follow that logic.
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sktgamer_13dude posted...

QassTank posted...

Right now we have a lot of wasteful spending in our government.

Many departments, including the military, could get by on less money, but won't because we have a corrupt government.

However, the idea behind lowering taxes is that it stimulates the economy by giving the people more spending power, thus increasing demand, which of course means that jobs will open up, thus increasing the revenue for the government while lowering the tax burden on the working people.

Trickle down economics doesnt work.

Just give it a few more decades man its going to pay off any century now...
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r4X0r posted...

I guess we're just going to have to make cuts to waste spending to make up for it.

do you mean that you expect the Republicans to fix the problem with their new budget by slashing spending?
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Giant_Aspirin posted...

do you mean that you expect the Republicans to fix the problem with their new budget by slashing spending?

The Rubios and Ryans of the world have all but admitted as much: as soon as this tax bill is signed, the deficit growth it creates will have to be addressed by slashing medicare and social security.
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Giant_Aspirin posted...

Tmaster148 posted...

Only demand for that job creates more jobs.

not sure i follow that logic.

Jobs are only created if there's a need for that job. Such as increased demand for a product that job creates. Companies do not just hire people for the sake of hiring people. They hire what they need and if they need more they'll hire more.
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They are investing that 1 trillion into Bitcoin
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Antifar posted...

Giant_Aspirin posted...

do you mean that you expect the Republicans to fix the problem with their new budget by slashing spending?

The Rubios and Ryans of the world have all but admitted as much: as soon as this tax bill is signed, the deficit growth it creates will have to be addressed by slashing medicare and social security.

somehow i think pissing off the folks who rely on medicare will be bad for the GOP, as the AARP is a huge voter block they're (usually) guaranteed to dominate
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Tmaster148 posted...

Such as increased demand for a product that job creates.

ah okay, i get it. i thought you were implying that demand for a job, as in 'people who want that job' lead to more jobs and i was confused.

thx
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Giant_Aspirin posted...

do you mean that you expect the Republicans to fix the problem with their new budget by slashing spending?

I mean, that's the goal.
Lower taxes short term, blow the deficit long term. If Democrats take control like expected, easy to blame them when it happens.
If Republicans stay in control, then they get to slash medicare, medicaid, social security, etc. in order to offset the spending.

Old people will still vote for them because they're fixated on abortion, despite being the ones hurt the most by this legislation.
Also funny that AssTank supports cutting these programs probably because he buys into the myth of welfare queens screwing the system, but turns around and supports corporations who are essentially receiving billion dollar welfare checks from these tax cuts because they will somehow bring jobs.

It's crazy. The Bush era tax cuts sent us into a recession. The Kansas tax cuts have devastated the state. But the GOP needs a win so their donors are happy, and they fixate the poor on abortion, guns, and immigration.
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Giant_Aspirin posted...

r4X0r posted...

I guess we're just going to have to make cuts to waste spending to make up for it.

do you mean that you expect the Republicans to fix the problem with their new budget by slashing spending?

No, because I expect the Democrats to fight them every step of the way.
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Hinakuluiau posted...

The Bush era tax cuts sent us into a recession.

That's some hilariously revisionist history. The country was sliding into the Clinton recession before Bush even took office and his tax cuts helped get the economy back on its feet faster. Leftists love to whine about the Bush tax cuts but fail to recognize that we had better economic growth under those cuts than we did after the top bracket was raised and we stuck it to those evil rich people.
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r4X0r posted...

Giant_Aspirin posted...

r4X0r posted...

I guess we're just going to have to make cuts to waste spending to make up for it.

do you mean that you expect the Republicans to fix the problem with their new budget by slashing spending?

No, because I expect the Democrats to fight them every step of the way.

oh, so it'll be the Democratss fault when out debt explodes. classic GOP tactics.
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"Awful" depends on the timeframe.
2028: "that's a hell of a gamble"
2024: "this is bad"
2021: "you clever bastard"
2018: "what the fuck is wrong with you?"

r4X0r posted...

Hinakuluiau posted...

The Bush era tax cuts sent us into a recession.

That's some hilariously revisionist history. The country was sliding into the Clinton recession before Bush even took office and his tax cuts helped get the economy back on its feet faster.

very interesting interpretation of the facts
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Giant_Aspirin posted...

oh, so it'll be the Democratss fault when out debt explodes. classic GOP tactics.

If the Republicans are the ones who want spending cuts and the Democrats are the ones who stop it, well yes, it's the Democrats' fault. That's... how it works.
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r4X0r posted...

Giant_Aspirin posted...

oh, so it'll be the Democratss fault when out debt explodes. classic GOP tactics.

If the Republicans are the ones who want spending cuts and the Democrats are the ones who stop it, well yes, it's the Democrats' fault. That's... how it works.

Then the republicans are fucking up. "Starve the beast" has never worked.
The beast just starts feeding on the future.

byron posted...

Spending for rich people? Good.

Spending for poor people? Bad.

Keynesian Economics is just a meaningless band-aid that usually makes things fester, yes.

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

Amount Added to the Debt for Each Fiscal Year Since 1960:

Barack Obama: Added $7.917 trillion, a 68 percent increase from the $11.657 trillion debt at the end of George W. Bushs last budget, FY 2009.

FY 2016 - $1.423 trillion.
FY 2015 - $327 billion.
FY 2014 - $1.086 trillion.
FY 2013 - $672 billion.
FY 2012 - $1.276 trillion.
FY 2011 - $1.229 trillion.
FY 2010 - $1.652 trillion.

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voldothegr8 posted...

Barack Obama: Added $7.917 trillion, a 68 percent increase from the $11.657 trillion debt at the end of George W. Bushs last budget, FY 2009.

yup, and you guys threw a hissy fit like the world has never seen because of the increase to the deficit introduced by Obama, then you turn around and make it significantly worse. that's the entire point i'm trying to get addressed.
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Basically the argument is "Those analyses are wrong, growth will be so great the tax cuts will pay for themselves".
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Kavatar posted...

Basically the argument is "Those analyses are wrong, growth will be so great the tax cuts will pay for themselves".

Yes, despite Reagan's trickle down failure in the 80s and Kansas current debacle. Pay no attention to those, it will work this time.
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sktgamer_13dude posted...

QassTank posted...

Right now we have a lot of wasteful spending in our government.

Many departments, including the military, could get by on less money, but won't because we have a corrupt government.

However, the idea behind lowering taxes is that it stimulates the economy by giving the people more spending power, thus increasing demand, which of course means that jobs will open up, thus increasing the revenue for the government while lowering the tax burden on the working people.

Trickle down economics doesnt work.

Good thing I wasn't describing trickle down then.

Trickle down is giving money to the rich and expecting it to trickle down. What I am describing is giving more money to the working class, and expecting them to spend it, thus stimulating the economy.
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Giant_Aspirin posted...

voldothegr8 posted...

Barack Obama: Added $7.917 trillion, a 68 percent increase from the $11.657 trillion debt at the end of George W. Bushs last budget, FY 2009.

yup, and you guys threw a hissy fit like the world has never seen because of the increase to the deficit introduced by Obama, then you turn around and make it significantly worse. that's the entire point i'm trying to get addressed.

But they did it too!...is a valid excuse for them when their team does it. Its a valid criticism when the other team does it. CE conservatives in a nutshell.
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