So is Trump going to stick with his previous positions on the debt ceiling or is he going to cave and do what it takes to raise/extend?
It is easy to sit on the sidelines and take pot shots at politicians, but things change when actually are one and the position is part of your decision making process.
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To remove first post, remove entire topic.
So is Trump going to stick with his previous positions on the debt ceiling or is he going to cave and do what it takes to raise/extend?
It is easy to sit on the sidelines and take pot shots at politicians, but things change when actually are one and the position is part of your decision making process.
Doesn't this have to come to an end sometime in the future walltreetcapper? My vote is he will want the debt ceiling raised at this point in time and fight it some other time.
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Doesn't this have to come to an end sometime in the future walltreetcapper? My vote is he will want the debt ceiling raised at this point in time and fight it some other time.
Governments usually take the path of least resistance. If economy weakens, easier to increase debt than to lower spending and raise taxes. Federal deficit might become worser if tax revenue declines or Congress resist spending cuts. Besides, governments are addicted to spending.
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Governments usually take the path of least resistance. If economy weakens, easier to increase debt than to lower spending and raise taxes. Federal deficit might become worser if tax revenue declines or Congress resist spending cuts. Besides, governments are addicted to spending.
Yeah my point is Trump has a massive mouth and has been very vocal about government debt in the past, it is a fact...so now he has the chance to follow up his big fat mouth with some actions.
So far he is big on tweeting and small on actual results, this is a BIG opportunity to put his words to work.
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Yeah my point is Trump has a massive mouth and has been very vocal about government debt in the past, it is a fact...so now he has the chance to follow up his big fat mouth with some actions.
So far he is big on tweeting and small on actual results, this is a BIG opportunity to put his words to work.
Doesn't this have to come to an end sometime in the future walltreetcapper? My vote is he will want the debt ceiling raised at this point in time and fight it some other time.
Oh, OK, it's alright for Trump but you were adamant that BHO should not have raised the ceiling? Even after GWB drove the Budget Train off the tracks? The definition of hypocrite.
~~~~~ZOSO~~~~~
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Quote Originally Posted by sundance:
Doesn't this have to come to an end sometime in the future walltreetcapper? My vote is he will want the debt ceiling raised at this point in time and fight it some other time.
Oh, OK, it's alright for Trump but you were adamant that BHO should not have raised the ceiling? Even after GWB drove the Budget Train off the tracks? The definition of hypocrite.
So what does this have to do with the debt ceiling and his history of being critical of government debt?
(Not that he isnt a massive debt fan himself, he loves leverage and debt).
Trump and GOP's health plan will kick the dirt on elderly and low income citizens, and give big fat $600 billion tax break to the wealthiest people and insurance companies from 2017-2016. wtf.
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Quote Originally Posted by wallstreetcappers:
So what does this have to do with the debt ceiling and his history of being critical of government debt?
(Not that he isnt a massive debt fan himself, he loves leverage and debt).
Trump and GOP's health plan will kick the dirt on elderly and low income citizens, and give big fat $600 billion tax break to the wealthiest people and insurance companies from 2017-2016. wtf.
The Golden Goose, Very sensitive to my previous post. The 'only' point I wa trying to make is the following. The never ending increase of the debt ceiling has to come to and end at some point in time. Next. I only stated an opinion. Trump will not fight the increase at this time but will fight an increase sometime during his 4 years as President. Remember the following The 'supposed' Ivy League educated President from 2008-2016 stated that increasing the debt ceiling does not increase our debt. Say what! I will buy the next drink!
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The Golden Goose, Very sensitive to my previous post. The 'only' point I wa trying to make is the following. The never ending increase of the debt ceiling has to come to and end at some point in time. Next. I only stated an opinion. Trump will not fight the increase at this time but will fight an increase sometime during his 4 years as President. Remember the following The 'supposed' Ivy League educated President from 2008-2016 stated that increasing the debt ceiling does not increase our debt. Say what! I will buy the next drink!
Trump and GOP's health plan will kick the dirt on elderly and low income citizens, and give big fat $600 billion tax break to the wealthiest people and insurance companies from 2017-2016. wtf.
Yeah I have not been commenting much on that topic but of course its the republican answer to budget issues, cut social programs and take that money over to the military.
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Quote Originally Posted by Europa:
Trump and GOP's health plan will kick the dirt on elderly and low income citizens, and give big fat $600 billion tax break to the wealthiest people and insurance companies from 2017-2016. wtf.
Yeah I have not been commenting much on that topic but of course its the republican answer to budget issues, cut social programs and take that money over to the military.
the debt ceiling should not be the debate the debt interest only payment must be discussed, 1 % of 20 trillion is 200 billion.
if yellen pushes it to 2% 400 billion....
that is 1/5th to nearly half of the federal budget.
talking of million dollar cuts at this point is a non factor, we must negotiate drug prices to keep medicaid costs controlled, we must think of streamlining defense projects, but reality we need to stop borrowing any further.
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the debt ceiling should not be the debate the debt interest only payment must be discussed, 1 % of 20 trillion is 200 billion.
if yellen pushes it to 2% 400 billion....
that is 1/5th to nearly half of the federal budget.
talking of million dollar cuts at this point is a non factor, we must negotiate drug prices to keep medicaid costs controlled, we must think of streamlining defense projects, but reality we need to stop borrowing any further.
Great point nature. The Fed protects O for 8 years.Now they love increasing the interest rate. The Fed and Yellen 'might' be part of the Deep State. Hang on to your wallet.
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Great point nature. The Fed protects O for 8 years.Now they love increasing the interest rate. The Fed and Yellen 'might' be part of the Deep State. Hang on to your wallet.
first we can cut spending and raise revenue and slowly dig out of this.
this will take 150 years dealing with 20 trillion in debt and income of gdp at 17 trillion. and one 150th of debt principle ontop of 1 % interst payment, ...
however with interest a varible not in control of congress and adjusted by the bank in terms of opion of economic conditions.
we could lock the entire debt to toadys value of .5 interest. we then could amortiorize debt more efficiantly and allow 110 billion to go to debt to absolution in 40 years.
this is not the only way, we can devalue currency and keep product at worth, hence our debt could still be 20 trillion but gdp could articifially through currency manipulation and inflationary practice drive gdp to 100 trillion usd and our debt would then be 1/5th of gdp for calander year making payments easily feasible... the federal budget at that point could be 20 trillion instead of just 1 20 trillion. usd.
still not the only way we can restructure this debt to be entirely liquidated in reasonable terms, unless we start a national health savings account rob it like we did social security in 1999 and pay off debt entirely with the stroke of a pen, so many ways to effectively deal with this issue...
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achieving a managable debt level.
first we can cut spending and raise revenue and slowly dig out of this.
this will take 150 years dealing with 20 trillion in debt and income of gdp at 17 trillion. and one 150th of debt principle ontop of 1 % interst payment, ...
however with interest a varible not in control of congress and adjusted by the bank in terms of opion of economic conditions.
we could lock the entire debt to toadys value of .5 interest. we then could amortiorize debt more efficiantly and allow 110 billion to go to debt to absolution in 40 years.
this is not the only way, we can devalue currency and keep product at worth, hence our debt could still be 20 trillion but gdp could articifially through currency manipulation and inflationary practice drive gdp to 100 trillion usd and our debt would then be 1/5th of gdp for calander year making payments easily feasible... the federal budget at that point could be 20 trillion instead of just 1 20 trillion. usd.
still not the only way we can restructure this debt to be entirely liquidated in reasonable terms, unless we start a national health savings account rob it like we did social security in 1999 and pay off debt entirely with the stroke of a pen, so many ways to effectively deal with this issue...
Again. Entitlement{s} is a four letter word to the people who make laws the citizens are suppose to follow. Social security is the number 1 entitlement that should be means tested There is no courage from either side on what will become a major issue in the not to distant future. The normalcy bias has put the heads of US citizens in the sand. The bias is. Everything will be ok. The US government will take care of you regardless of the situation.
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Again. Entitlement{s} is a four letter word to the people who make laws the citizens are suppose to follow. Social security is the number 1 entitlement that should be means tested There is no courage from either side on what will become a major issue in the not to distant future. The normalcy bias has put the heads of US citizens in the sand. The bias is. Everything will be ok. The US government will take care of you regardless of the situation.
as usual this probably wont even be discussed as they raise the limits on the feds credit card unless it is deflected as huge theatrics of an non essential personal government shut down tatics... that good month of great theater in public servant display to end with okay we will raise the limits hun it was just a show here a tissue....
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as usual this probably wont even be discussed as they raise the limits on the feds credit card unless it is deflected as huge theatrics of an non essential personal government shut down tatics... that good month of great theater in public servant display to end with okay we will raise the limits hun it was just a show here a tissue....
we are so the feds can spend more to complete this fiscal year, yup we are broke until april 15th and the fed needs some more loot to squander till payday tax day starts and when people who pay taxes actually fork over the money.. so the fed can make due till around august or september till debt limits will need to work out as the next calander fiscal year begins.
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we are so the feds can spend more to complete this fiscal year, yup we are broke until april 15th and the fed needs some more loot to squander till payday tax day starts and when people who pay taxes actually fork over the money.. so the fed can make due till around august or september till debt limits will need to work out as the next calander fiscal year begins.
Entitlements are not a 1 year or 8 year issue, that makes ZERO sense.
Entitlement issues are DECADES of mistakes, same goes for pensions...
We make the promises, corporations and governments and then we put it off and keep putting it off and then wonder what happened when we cannot pay for the obligation.
Blaming liberals or Obama is pure stupidity, crying about the FED raising rates a TINY bit is also pretty stupid. We lived with much higher rates for decades, this is not really the issue.
Fact is that under every single president, both repub and dem we UNDERFUNDED our obligations...people now taking from SS underfunded the obligation because the government allowed it, politicians are in the profession of being elected so you cannot be elected by saying we have to jack up SS contributions by 200-500% so we can keep pace with future obligations..
The real solution to entitlements is phase-outs at median income levels...period end of conversation.
Entitlements are best suited for those with lesser means, take a weighted average geographic median income and start phasing out above those levels. Notice I said weighted average GEOGRAPHIC median income...not overall because cost of living is higher in certain parts of the country and lower in others.
The truth is that those boomers taking now also took when they earned via housing appreciation, stock market appreciation, underfunding of SS and Medicare and now they get to take take take...leaving the crater for those following who will not be able to enjoy what the boomers did.
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Entitlements are not a 1 year or 8 year issue, that makes ZERO sense.
Entitlement issues are DECADES of mistakes, same goes for pensions...
We make the promises, corporations and governments and then we put it off and keep putting it off and then wonder what happened when we cannot pay for the obligation.
Blaming liberals or Obama is pure stupidity, crying about the FED raising rates a TINY bit is also pretty stupid. We lived with much higher rates for decades, this is not really the issue.
Fact is that under every single president, both repub and dem we UNDERFUNDED our obligations...people now taking from SS underfunded the obligation because the government allowed it, politicians are in the profession of being elected so you cannot be elected by saying we have to jack up SS contributions by 200-500% so we can keep pace with future obligations..
The real solution to entitlements is phase-outs at median income levels...period end of conversation.
Entitlements are best suited for those with lesser means, take a weighted average geographic median income and start phasing out above those levels. Notice I said weighted average GEOGRAPHIC median income...not overall because cost of living is higher in certain parts of the country and lower in others.
The truth is that those boomers taking now also took when they earned via housing appreciation, stock market appreciation, underfunding of SS and Medicare and now they get to take take take...leaving the crater for those following who will not be able to enjoy what the boomers did.
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