Matt Gaetz ethics report to be released

[JD50]

Whenever debt service reaches 25% of the budget seems like it would be the kick off point. Though that's more than half a guess.
I've looked into it a little, and the information is as usual polarized. In it's simplest form, inflation is a wonderful method of paying off old debt. The Germans cracked that code after WW2. Wasn't much fun for the general population, but worked out well for the country.
Sometimes debt is a sensible and necessary option, but a never ending pile of debt will absolutely have repercussions. Those repercussions can be mitigated by using an advanced management system called "kicking the can down the road", but like everything else, it has limitations.

If you actually cared about this you'd stop voting for Republicans who cut taxes for the richest people on the planet and balloon the deficit even more.

 

[fskimospy]

If you actually cared about this you'd stop voting for Republicans who cut taxes for the richest people on the planet and balloon the deficit even more.

Interestingly enough the guy he supports and voted for presided over the running up of 40% of all US debt accumulated in the entirety of US history up to that point.

It's very hard to take conservatives seriously on debt simply because of their own actions. GHWB was the last Republican who gave even the slightest shit about it.

 

[Greenman]

So Japan has a debt/GDP ratio of over 200% and is right around this 25% mark you refer to, however inflation there is very low and has been for years. How do you explain this?

Also while I agree the debate is polarized it should be noted that one of those poles has been...well... correct.

So Japan is paying out 25% of their budget as debt service?

 

[fskimospy]

So Japan is paying out 25% of their budget as debt service?

Yes, very close to that.

 

[Pens1566]

Yes, very close to that.

How does it compare to the amount Matt Gaetz (allegedly) paid those underage girls???

 

[IronWing]

How does it compare to the amount Matt Gaetz (allegedly) paid those underage girls???

Deficits or Matt Gaetz, either way the kids get fucked.

 

[Muse]

I don't even have different socks than I did 3 years ago.

Nor I.

Now, this is the guy Trump put up to be Attorney General of The United States of America?

 

[Zorba]

I showed my kids a picture of me from about 1990.
They said "Are those the same clothes as you are wearing now?!"
I said "No! thats a similar black jeans, dark tee shirt and red lumberjack shirt combo but I probably cant fit into those exact jeans now!"

I showed my wife and daughter my 8th grade yearbook picture the other day and my wife said "Holy crap, you still have that polo!" Yes, yes I do.

 

[HomerJS]

Whenever debt service reaches 25% of the budget seems like it would be the kick off point. Though that's more than half a guess.
I've looked into it a little, and the information is as usual polarized. In it's simplest form, inflation is a wonderful method of paying off old debt. The Germans cracked that code after WW2. Wasn't much fun for the general population, but worked out well for the country.
Sometimes debt is a sensible and necessary option, but a never ending pile of debt will absolutely have repercussions. Those repercussions can be mitigated by using an advanced management system called "kicking the can down the road", but like everything else, it has limitations.

I bet you never looked up the fact Trump increased the deficit by 50% even before Covid spending yet you still bought into his bullshit. Why? Tax cuts for the rich which did nothing for the economy.

Thanks for contributing to the demise of the country.

 

[Greenman]

I bet you never looked up the fact Trump increased the deficit by 50% even before Covid spending yet you still bought into his bullshit. Why? Tax cuts for the rich which did nothing for the economy.

Thanks for contributing to the demise of the country.

Trumps year on year deficit increase for all 4 years is 14.6%. Biden's is 23.3% for the first 3 years.

U.S. Budget Deficit by Year Compared to GDP and Debt

The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.

www.thebalancemoney.com

 

[Amused]

Trumps year on year deficit increase for all 4 years is 14.6%. Biden's is 23.3% for the first 3 years.

U.S. Budget Deficit by Year Compared to GDP and Debt

The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.

www.thebalancemoney.com

Either you're incapable of understanding your link, or you're lying. You do know Trump was president in 2020, right?

 

[fskimospy]

Either you're incapable of understanding your link, or you're lying. You do know Trump was president in 2020, right?

View attachment 113506

Not only was Trump president in 2020 but the appropriations budget for FY21 was Trump's as well.

@Greenman this is some serious self-ownage. By your own link the guy you support is way worse on debt and deficits. If this is an issue for you why would you support Trump?

 

[Greenman]

Either you're incapable of understanding your link, or you're lying. You do know Trump was president in 2020, right?

View attachment 113506

You're right, I didn't include 2020. Not sure how I managed that. Good thing I included the link to the information.

 

[Greenman]

Not only was Trump president in 2020 but the appropriations budget for FY21 was Trump's as well.

@Greenman this is some serious self-ownage. By your own link the guy you support is way worse on debt and deficits. If this is an issue for you why would you support Trump?

Guess I'll have to hope for the best.

 

[fskimospy]

Guess I'll have to hope for the best.

It's a genuine question - if you think deficits and debt are bad and will lead to some sort of currency crisis why support the guy who literally added more to the debt than any president in history?

 

[K1052]

I didn't include 2020.

A consistent problem for people trying to "analyze" Trump term 1 results as not bad is that they think it only lasted three years.

 

[fskimospy]

A consistent problem for people trying to "analyze" Trump term 1 results as not bad is that they think it only lasted three years.

It is amazing how hard Republicans have worked to convince America that Trump wasn't president in 2020.

I remember during the election Trump was running ads purporting to show how bad things would be if Harris was president... by showing rioting that happened while Trump was president.

 

[Amused]

A consistent problem for people trying to "analyze" Trump term 1 results as not bad is that they think it only lasted three years.

And let's not forget that the US monetary supply more than doubled in 2020. The Trump admin literally printed money to try and cover COVID losses and that was a primary cause of subsequent inflation.

Stop simping for the idiot, Green.

U.S.: M1 money stock 2000-2024| Statista

The U.S.

www.statista.com

 

[Greenman]

It's a genuine question - if you think deficits and debt are bad and will lead to some sort of currency crisis why support the guy who literally added more to the debt than any president in history?

I absolutely believe huge deficits are an issue, and Trumps history on that issue is concerning to me. That has to be weighed against other issues in terms of support. Illegal immigration is a problem, I don't approve of importing a peasant class. Inflation is another issue, and I understand that deficit spending can increase inflation. Stepping into regional conflicts and generally being the worlds piggy bank is another issue.
I still believe that we'll be better off with Trump than Harris. An opinion that's clearly in the majority. If I'm wrong then I'm wrong, I never claimed infallibility.

 

[MrSquished]

It's a genuine question - if you think deficits and debt are bad and will lead to some sort of currency crisis why support the guy who literally added more to the debt than any president in history?

The answer is simple. He likes the hate. He likes the racism he likes the bigotry he likes the misogyny he likes the owning the libs and he hates government policies that help regular people and people that are poor.

It's as simple as that.

 

[fskimospy]

I absolutely believe huge deficits are an issue, and Trumps history on that issue is concerning to me. That has to be weighed against other issues in terms of support. Illegal immigration is a problem, I don't approve of importing a peasant class. Inflation is another issue, and I understand that deficit spending can increase inflation. Stepping into regional conflicts and generally being the worlds piggy bank is another issue.
I still believe that we'll be better off with Trump than Harris. An opinion that's clearly in the majority. If I'm wrong then I'm wrong, I never claimed infallibility.

If you're weighing deficits against other issues that's fine but these are some strange ones to put together. For example Trump's position on deficits, tariffs, and immigration would make inflation much, much worse than anything we've seen. This is not some partisan opinion, it is the overwhelming conclusion of economists from across the spectrum. Also, the US spends something like 0.2% of GDP on foreign aid, much less than almost any other developed country. The 'world's piggy bank' thing is just misinformation.

In short it's hard to take claims of caring about inflation and deficits seriously when you're supporting the guy pledging much higher deficits and higher inflation.

 

[K1052]

I dislike inflation so we're going to hugely restrict the labor supply is a true median voter take lmao.

 

[Brainonska511]

I dislike inflation so we're going to hugely restrict the labor supply is a true median voter take lmao.

I want all my groceries in one bag, but don't make it too heavy.

 

[[DHT]Osiris]

I absolutely believe huge deficits are an issue, and Trumps history on that issue is concerning to me. That has to be weighed against other issues in terms of support. Illegal immigration is a problem, I don't approve of importing a peasant class. Inflation is another issue, and I understand that deficit spending can increase inflation. Stepping into regional conflicts and generally being the worlds piggy bank is another issue.
I still believe that we'll be better off with Trump than Harris. An opinion that's clearly in the majority. If I'm wrong then I'm wrong, I never claimed infallibility.

I'd love for you to write down, today, what you think the worst possible outcomes would have been with Harris as president. As much detail as possible, include numbers, percentages etc. Then stuff that in a box somewhere and look at it again in 4 years. This is a good way to prevent you from forgiving what trump does in the next 4 by saying 'well it probably would have been worse with Harris anyhow'.

 

[HomerJS]

Either you're incapable of understanding your link, or you're lying. You do know Trump was president in 2020, right?

View attachment 113506

Not only was Trump President in 2020, 2016 was Obama. 17, 18, 19 was Trump. 665 to 988 was 50% like I said.

Why didn't @Greenman do his so called research BEFORE voting for Trump? Hoodwinked again or just trying to hasten the demise of the country?

2020, 21 was Covid spending and notice how Biden got it back