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Thread: U.S. Borrowing Needs Are EXPLODING

  1. #11
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Libertine View Post
    Now that's funny!
    Because you and Donald Trump are fiscal conservatives? Got any examples?
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  2. #12
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    Now that's funny!
    It's revealing that you think America's debt crisis is 'funny'.

    Hey, Nero, you're not just fiddling while Rome burns, you're giggling, too!
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  3. #13
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    We added $1.4 trillion to the national debt in FY2016 alone, not a peep out you then.
    By the way, this is from one of the links embedded in the link in the OP:

    Interest payments on US debt could quadruple to an eye-popping $1.05 trillion by 2028 if current policies stay in effect.

    That would be 3.6% of the entire American economy, according to new estimates from the Committee for a Responsible Federal Budget, a fiscal watchdog group.

    By contrast, interest payments last year were $263 billion, or 1.4% of gross domestic product. Historically, interest spending has averaged 2% of GDP.

    BigLeRoy: I mean, that's extraordinary: We're on a path to paying more than a TRILLION a year, just in INTEREST on the national debt, ten years from now. And that would be a very significant 3.6% of our annual GDP. Simply unsustainable.

    I'm sorry, but: This is NUTTY.
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  4. #14
    New Member BigBob's Avatar
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    There seems to be a fatalist mood going on in the USA these days since rumputin was elected.

  5. #15
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    Quote Originally Posted by BigLeRoy View Post
    By the way, this is from one of the links embedded in the link in the OP:

    Interest payments on US debt could quadruple to an eye-popping $1.05 trillion by 2028 if current policies stay in effect.

    That would be 3.6% of the entire American economy, according to new estimates from the Committee for a Responsible Federal Budget, a fiscal watchdog group.

    By contrast, interest payments last year were $263 billion, or 1.4% of gross domestic product. Historically, interest spending has averaged 2% of GDP.

    BigLeRoy: I mean, that's extraordinary: We're on a path to paying more than a TRILLION a year, just in INTEREST on the national debt, ten years from now. And that would be a very significant 3.6% of our annual GDP. Simply unsustainable.

    I'm sorry, but: This is NUTTY.
    Too bad we are so far in debt.

    What a shame that Obama added nearly half our national debt...in only 8 years!

    Yep, that's a shame...

  6. #16
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Miller47 View Post
    Too bad we are so far in debt.

    What a shame that Obama added nearly half our national debt...in only 8 years!

    Yep, that's a shame...
    We ALL notice how you studiously avoid the question of what your man Donald Trump is doing to the debt. I guess you just don't care about CURRENT events.
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  7. #17
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Miller47 View Post
    Too bad we are so far in debt.

    What a shame that Obama added nearly half our national debt...in only 8 years!

    Yep, that's a shame...
    Even more of a shame is he had a Republican controlled House for 6 of his 8 years...in total control of the budget....
    Thanks from BigLeRoy, HayJenn and Friday13

  8. #18
    Southern Strategy Liberal OldGaffer's Avatar
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    And the greatest shame of all, we now have a Republican House, Senate and Presidency and they just added trillions to the deficit with a massive tax cut that mainly benefits their donors....and they admitted that up front.

    Republicans Admit That CEOs And Donors Really Need The Tax Cut Bill To Pass — Or Else
    “The most excited group out there are big CEOs,” said Gary Cohn.
    https://www.huffingtonpost.com/entry...b0f76b05c4249e

  9. #19
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    We ALL notice how you studiously avoid the question of what your man Donald Trump is doing to the debt. I guess you just don't care about CURRENT events.
    He parrots the Obama deficits in every thread about being fiscally responsible, even he does not have the guts to defend Trumps fiscal conservatism, he just continues to do "whataboutism".
    Thanks from Dragonfly5

  10. #20
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    Whataboutism is always fun, huh?

    No comment on the SUDDEN explosion in our CURRENT borrowing needs??
    Oddly, I didn't hear you singing President Trump's praises when his first year added less to the National Debt than ANY year that President Obama was in office. Pardon me if I blow off you make believe concerns now.

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