GUILTY

[stevevw]

Things are bound to slow down eventually, they always do. Why are you in such a rush? Is it that you want a recession to start just before the election?

No, I'm just pointing out that citing data out of context is a misrepresentation of what is going on.

 

[BCP1928]

No, I'm just pointing out that citing data out of context is a misrepresentation of what is going on.

No, what's going on is that the American People want no part of an artificially staged recession, and your blatant lies about the American economy won't convince them otherwise.

 

[stevevw]

No, that's when we have to deal (yet again) with the political terrorists in the Capitol who exploit a flaw in the current law of the United States that properly and legally budgeted expenditures that are known at passage to cause increases in debt levels requires an additional, bookkeeping change in the level of authorized debt.

So is there ever a time when they stop and realise that increasing debt is not the best way to deal with debt lol.

The U.S. National Debt Dilemma
U.S. lawmakers have been unable to compromise on long-term budget reforms that would tame the debt, and some experts argue that it will soon reach a tipping point.

The U.S. National Debt Dilemma

With the U.S. national debt already exceeding $16 trillion, President Trump’s tax reform and budget deals with Congress have added to the country’s deficits. CFR explores the origins of the national …

www.cfr.org

A Warning About the Nation’s Fiscal Health

The federal government is on an unsustainable long-term fiscal path that poses serious economic, national security, and social challenges if not addressed. And the longer we wait to act, the more dire the consequences will be on the economy and the public.

A Warning About the Nation’s Fiscal Health

The federal government is on an unsustainable long-term fiscal path that poses serious economic, national security, and social challenges if not addressed. And the longer we wait to act, the more dire the consequences will be on the economy and the public.

www.gao.gov

Record-high national debt is fiscal time bomb for US. Congress must defuse it
Founding Father's fear has come true: Federal debt burden now is the greatest threat to the U.S. economy, national security and social stability.

Record-high national debt is fiscal time bomb for US. Congress must defuse it.

Federal debt burden now is the greatest threat to the U.S. economy, national security and social stability. It's what our Founding Fathers feared.

www.usatoday.com

 

[Hans Blaster]

So is there ever a time when they stop and realise that increasing debt is not the best way to deal with debt lol.

Every year we have a budgetary process for the next years expenditures. That is the place to deal with the size of the debt.

 

[stevevw]

No, what's going on is that the American People want no part of an artificially staged recession, and your blatant lies about the American economy won't convince them otherwise.

Blantant lies. Please refer to my previous post here #563. If I'm lying then so is the U.S. Government Accountability Office.

 

[Hans Blaster]

US GDP was up 3% nominally in 1Q2024, and 1.2% in real GDP terms.




Consumer spending has cooled, but more slowly than forecast. Meanwhile, fixed investment and inventory restocking are making up most of the difference.

The US economy has done better since 2021 than any other peer economy (large, Western, developed). Performance in 2023 was WELL above consensus estimates and most forecasting is talking about upside risks, rather than downside.

Frankly, I get sick of the foreigners who are clearly obsessed with US politics, claim not to be familiar with the "details" despite repeatedly regurgitating items from US political organizations and RW media like they watch FNC 17 hours per day, and then get the facts wrong all while writing rambling posts filled with off-topic material driven by their personal political obsessions.

 

[NxNW]

https://www.aei.org/op-eds/dont-get-excited-the-u-s-economy-is-in-bad-shape-below-the-surface/

There was nothing relevant in the article.

That is related to the economy lol. How is credit debt not related to the economy.

The debt is the accumulated deficits. As we already know, because Dick Cheney told us so in 2002, deficits don't matter.

Of course it matters. If you allowed large deficits to the point the % of GPD is paying down debt then you are taking real money out of the economy. Its a fake economy. It devalues the dollar.

How many times do I have to explain it to you? Deficits don't matter. You're welcome to travel to Wyoming discuss it with Dick Cheney.

There is only so much leeway you can get away with and put off and the US is getting closer to that tipping point not further away. The next debt ceiling increases is going to bring the chickens home to roost even more so and make the US take a good look at itself and it won't be a pretty picture. Its a reality check on what the real situation is and not the manipulated and massaged figures show.

The debt ceiling has to be increased to pay for debts already incurred. If you want a balanced budget, why hasn't the GOP written that into the Constitution? You could make it a requirement in order for Congress to be eligible for reelection. But nobody in Congress wants that. Nobody.

 

[BCP1928]

Blantant lies. Please refer to my previous post here #563. If I'm lying then so is the U.S. Government Accountability Office.

And Tom Sawyer was a true story, which I can prove by showing you a map of the Mississippi River.

 

[stevevw]

Every year we have a budgetary process for the next years expenditures. That is the place to deal with the size of the debt.

Which never gets dealt with and is actually increased. Its like maxing out your credit card and then getting another credit card to pay back the maxed out credit card x 10 or more. When is borrowing curtailed like anyone would do when in debt to actually pay that debt down.

National debt is now 123% of gross domestic product. Clearly this is irresponsible, unsustainable and in sharp contrast to Hamilton’s founding principle.

Record-high national debt is fiscal time bomb for US. Congress must defuse it.

Federal debt burden now is the greatest threat to the U.S. economy, national security and social stability. It's what our Founding Fathers feared.

www.usatoday.com

 

[Hans Blaster]

Which never gets dealt with and is actually increased. Its like maxing out your credit card and then getting another credit card to pay back the maxed out credit card x 10 or more. When is borrowing curtailed like anyone would do when in debt to actually pay that debt down.

National debt is now 123% of gross domestic product. Clearly this is irresponsible, unsustainable and in sharp contrast to Hamilton’s founding principle.

Record-high national debt is fiscal time bomb for US. Congress must defuse it.

Federal debt burden now is the greatest threat to the U.S. economy, national security and social stability. It's what our Founding Fathers feared.

www.usatoday.com

What has this got to do with Trump's guilt? Will his fines pay down the debt?

 

[stevevw]

And Tom Sawyer was a true story, which I can prove by showing you a map of the Mississippi River.

Big difference. Tom Sawyer is a fable and the U.S. Government Accountability Office is not.

 

[stevevw]

What has this got to do with Trump's guilt? Will his fines pay down the debt?

I find it interesting how everyone wants to jump in and defend Bidens economic record as being relevant but when pushed suddenly its not relevant anymore.

But your right. Lets get back to the only relevant issue, Trumps a felon. End of thread. Lets all go home.

 

[BCP1928]

Big difference. Tom Sawyer is a fable and the U.S. Government Accountability Office is not.

In my analogy, all they provided was the map.

 

[BCP1928]

I find it interesting how everyone wants to jump in and defend Bidens economic record as being relevant but when pushed suddenly its not relevant anymore.

The actual numbers are relevant. You are the one saying they are not because the Biben administration has a sinister agenda.

 

[stevevw]

There was nothing relevant in the article.

No then what does this mean.

It has to be of concern that major foreign governments like those in China and Japan are losing their appetite for U.S. Treasury bonds. It is also disturbing that the rating agencies are warning that the U.S. government’s credit rating could be reduced if it does not mend its profligate budget ways. This could be setting us up for a dollar crisis down the road, leading to another inflationary bout.

The debt is the accumulated deficits. As we already know, because Dick Cheney told us so in 2002, deficits don't matter.

How does that make it ok. I am not sure what you point is. Is it because Cheney says its ok its ok.

How many times do I have to explain it to you? Deficits don't matter. You're welcome to travel to Wyoming discuss it with Dick Cheney.

And why don't they matter. Does that mean peoples can run up deficits on credit and it doesn't matter.

The debt ceiling has to be increased to pay for debts already incurred. If you want a balanced budget, why hasn't the GOP written that into the Constitution? You could make it a requirement in order for Congress to be eligible for reelection. But nobody in Congress wants that. Nobody.

Its already in the Constitution with your Hamilton Principles of Economics.

A Matter of Principle: Alexander Hamilton's Economics Created Our Constitution

larouchepub.com

Which is basic common sense, something most western nations have forgotten. Basically don't abuse debt and pay it down to keep a strong economy and financial integrity.

 

[stevevw]

In my analogy, all they provided was the map.

But a map (economic consequences) based on reality, on events that are actually happening. The debt is not a fable, the consequences of that high unpaid debt are not a fable. They have real consequences.

 

[Hans Blaster]

I find it interesting how everyone wants to jump in and defend Bidens economic record as being relevant but when pushed suddenly its not relevant anymore.

But your right. Lets get back to the only relevant issue, Trumps a felon. End of thread. Lets all go home.

You seem to understand the only relevant issue in the thread and that it is over, but still you persist.

 

[Hans Blaster]

Its already in the Constitution with your Hamilton Principles of Economics.
A Matter of Principle: Alexander Hamilton's Economics Created Our Constitution
Which is basic common sense, something most western nations have forgotten. Basically don't abuse debt and pay it down to keep a strong economy and financial integrity.

How do you even *find* publications from LaRouche entities? You can't expect us to take your arguments seriously when you post stuff from a political cult like LaRouche, can you?

 

[Pommer]

Thats interesting. That seems to point to more State involvement and control in more aspects of peoples lives which I don't think is a good thing. In fact the opposite of a government that represents the people.

Perhaps my prose is too obtuse for proper parsing?
My point was that society informs government “what is acceptable”…not the government dictating “what is acceptable”.

 

[christian-surfer]

This is the perfect avenue for people who like names and labels without any deep understanding of the actual laws, what’s really going on. It’s for people who like to stick with their obvious biased thinking .