BoomerD
No Lifer
Damned pet-eating black people!
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Matt Gaetz ethics report to be released
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zinfamous
No Lifer
We know.
ch33zw1z
Lifer
They have the same wheel kit for their goal posts that green man has
brycejones
Lifer
Nitromethane fueled
Qanon/maga is more like making the goalposts disappear…
Eg… recently they said raising rhe debt ceiling is bad now they want to do and they will pass the cr or the government will be shutdown
The debt ceiling is a joke. We're going to keep spending until 100% of the budget is debt service. Then we'll have a couple years of hyper inflation and pay it off with two sticks of butter and a gallon of gas.
I'm sure that's it.
It’s funny how conservatives have been confidently predicting this for my entire life and being wrong for 40+ years and counting has never once made them reconsider.
IronWing
No Lifer
Correct. It was, is, and forever shall be a dumb idea. If Congress wishes to limit debt, they simply need to tax at a rate that covers spending.
MrSquished
Lifer
Just don't tax Greenman's buddies the super rich and billionaires to do it! Cavemen get mad!
The debt ceiling is one of the stupidest ideas anyone has ever come up with. The only thing it does is give stupid people a chance to detonate the world economy every once in a while.
Trump wants it raised now so he can claim it was Biden doing it. He doesn’t want to have to do it under his term. Or so early in his term.
Musk and Trump are going to FAFO. If I were the Dems id stick to the negotiated deal or nothing. The govt will shut down and then everything will be on Trumps term and it will cause his 100 day plan to implode because they will be dealing with stuff this stuff instead.
That’s why Johnson was trying to get this rammed through, to clear the plate for the first few months of Trumps presidency. The Dems kicking the can to Trumps term bogs the start of his term down. Plus then the Trumpers own it completely.
I don't recall anyone putting a completion date on it.
Well that’s sure convenient - that way you never have to grapple with why it hasn’t happened.
If you can’t give at least a ballpark figure as to what date or at what debt level this imagined hyperinflation will happen then that’s an admission that you’re just making shit up.
Can you give either one?
Trump is now wanting to completely do away with the debt ceiling when it was the GOP that weaponized it. Theory goes he wants to do away with it so it makes their billionaire tax giveaway breathing room when they pass it through reconciliation.
Cause remember folks, with all the bluster on a lot of topics, the primary goal is an unfunded tax cut for billionaires in the first few weeks. Just like his first tax cut but even bigger.
Tax cuts for the rich, govt austerity, large tariffs on major trading partners. Not sure why the common folk rallied behind Trump. They are going to get decimated.
Cause remember folks, with all the bluster on a lot of topics, the primary goal is an unfunded tax cut for billionaires in the first few weeks. Just like his first tax cut but even bigger.
Tax cuts for the rich, govt austerity, large tariffs on major trading partners. Not sure why the common folk rallied behind Trump. They are going to get decimated.
IronWing
No Lifer
"Hyperinflation is super scary. We need to do something about the deficit."
"Okay, let's raise taxes on the folks who have the money. The deficit will be smaller and taxes are inherently anti-inflationary."
"Raise taxes on the rich? Hyperinflation isn't that scary."
Hey I hope he does - a stopped clock and all.
As it exists now the debt ceiling only exists for democrats anyway.
K1052
Elite Member
I'm all for getting rid of the debt ceiling. Democrats helping to do it under a lame duck Biden? Nah. The only reason Trump wants to do it right now is to tar the Dems with increasing the debt and pretend he had nothing to do with it later when they run up the tab again for tax cuts.
IronWing
No Lifer
I'm good with the Dems helping out now if they get something valuable in return that isn't reversible next month.
Don't compare a silly putty version of a human being to our intelligent and athletic progenitors.
K1052
Elite Member
Problem being that the Rs (Trump) are unwilling to negotiate to give them any incentive.
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.
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.
IronWing
No Lifer
So raise taxes and pay down the debt.
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