Current Events > U.S. debt lowest in six decades under Trump administration

(+) Yeah! (+)

8-bit_Biceps posted...

^I'm really getting tired of the one dimensional idea, "Just cut spending." This is more than addition and subtraction lol. Like you could spend money on shit and save in the relatively short future. But you have to think about what's best for the collective instead of the rat race. That's all people have to do. The only thing that really should be cut is military spending because it's like 5x more than China's (wtf). But we do need to spend on people's education and possibly help people out of their college debt. This could happen in a couple years, easily by cutting the military budget in half. And then people could spend into the economy more, which creates more/better jobs, which creates more income tax.

But really the obvious answer is to tax the rich. Like ffs, tax the few tiny, tiny, tiny bit at the top or see hundreds of millions of people suffer. This is a moral dilemma so easily solved that it cannot even qualify to appear on kindergarten homework.

no, no, you see what we need to do is cut benefits to the poor so we can then tax the rich LESS, so even less total money can come into the system, justifying further cuts to benefits to the poor, which creates more opportunities to tax the rich less.

when you consider the opposition's motivation is to deliberately run government poorly in order to argue for reducing government, you realize the best thing to do is completely lock them out.

maybe someday american voters will get that through their thick heads.
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You know, one of the things that makes western europe and north america so attractive is the strength of its middle class, as opposed to third world countries where you are either filthy rich or starving poor.

Let's not go in the wrong direction.
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kayoticdreamz posted...

the biggest problem is the welfare entitlement programs that need to be buried for good. Social Security is a damn scam for starters, that many people working today, won't see any of it yet pay for it. then we have welfare receivers growing in number and the illegals are just making that worse

This is ridiculous. We can't cut the safety net of our people. Without SSI, disability, and other welfare programs when people are temporarily or or permanently out of work for whatever reason, they will become a larger problem financially over time and way less likely to return to school or work.

What we need to cut is the damn defense budget. Slice off 400 or 500 billion from the 700 billion defense budget and we could easily have the best military in the world along with being able to put billions into things like college, health care, and helping revive poor areas, help small business (revive the economy in general) and still have hundreds of billions left to pay off the debt.
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Let's cut social security and use the money to build a space force!
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Or we can be like the 1960's and tax the rich appropriately

God forbid they pay their fair share!

And you know the Conservative side won't let you cut the Military budget when it's already been slashed insanely from it's high in the 1970's & 1980's thanks to Obama.

We have a lot of new Military Hardware to build which also contributes to High Paying jobs all over the US.
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Either print more money or default on all debt. \_()_/
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kayoticdreamz posted...

tennisdude818 posted...

Webmaster4531 posted...

tennisdude818 posted...

Webmaster4531 posted...

tennisdude818 posted...

The US government will go bankrupt, probably in our lifetimes. That ship sailed long before Trump was elected, but I still oppose Trump's spending.

And LOL at the partisan libs on CE. Yeah, Bernie or Hillary would have gotten our fiscal house in order. What a joke.

They both proposed new taxes and a progressive tax scale.

Bill Clinton had a surplus and SNAP has never been expanded since.

The below is a good read if you're interested in seeing why Clinton didn't actually have a surplus.

https://www.mises.org/library/surplus-hoax

The federal government spends Social Security money and other trust funds which constitute obligations to present and future recipients. It consumes them and thereby incurs obligations as binding as those to the owners of savings bonds. Yet, the Treasury treats them as revenue and hails them for generating surpluses. If a private banker were to treat trust fund deposits as income and profit, he would face criminal charges.

Correct me if I'm wrong, the United States isn't obligated to pay Social Security as a debt thus is able to cut payouts like the Trump administration proposes. It only becomes an actual debt when we borrow to pay out.

That article lumps Bonds and Social Security together as trust funds.

I can see how Social Security spending has increased because of baby boomers.

Still a progressive tax plan and new taxes are way more fiscally responsible than the Trump tax cuts. Seems like he's waiting until after the midterms before cutting spending on things people actually like.

Redirecting SS contributions towards other spending is obviously a misuse of that money, and SS would never have passed in the first place if it was advertised like that. The increase in spending towards boomers was predictable, but their contributions were blown so now the next generations have to pay into a Ponzi Scheme. Thats not all Bill Clintons fault, but its hard to take his surplus seriously.

No amount of progressive taxes would cover current spending and unfunded liabilities. I think we can write off Bernie pretty easily because he wanted enormous increases in public spending. Hillary is an establishment Democrat that likely would have acted like Obama, but with even worse foreign policy.

this

at this point the only way america gets out of debt is by having some seriously large cuts in spending, and not the usual "if we cut spending here, we need to raise taxes here and raise spending here to offset it nonsense" we usually hear.

neither party is exactly great about being financially responsible.

the other problem is the government can't just completely cut spending, it needs a certain amount.

but the biggest problem is the welfare entitlement programs that need to be buried for good. Social Security is a damn scam for starters, that many people working today, won't see any of it yet pay for it. then we have welfare receivers growing in number and the illegals are just making that worse.

america point blank needs to cut it's budget in half, and it needs to start with the entitlement programs because those are the one's are grow exponentially as they are based on the population growth. also less people on welfare and more people working = more taxes(Without raising taxes) = more money to pay off debt.

immigration and debt, are easily two of americas biggest problems today.

is this little shit trying to upstage me in my own topic
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FLUFFYGERM posted...

it's really weird how CE's leftists care about the budget/debt now

Here you again XD
So mad
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