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Trumps Big Idea of How to fix the US Debt

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SP33Demon said:
Trump is going to raid the Fed, look at his tax plan. He's a modern day Robin Hood, and quite frankly it's time for the gov to bail us out. Wages are shit and Trump will help fix that by introducing competitive nominal tax cuts to businesses so they stop fleeing the country for cheaper (and more biz friendly) pastures. Not to mention he'll put an end to illegals undercutting the poor's wage growth as well.
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Now you support wage redistribution. fascinating. You get more and more "liberal" every day Trump tells you how to think.

by the way, if your wife wants to talk to me, you can ask her to do it directly. Stop PMing me. 😀
 
WelshBloke said:
Are you under some insane delusion that members of this forum are standing to become POTUS?
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No, but you can't call and idea insane unless you have a sane basis for disagreeing and a sane resolution to the problem. Further, you have to have a rational recognition of motivation.

You notice that neither tweak nor eskimospy have a sane basis for disagreeing, a sane resolution, or a sane recognition of motivation.
 
LegendKiller said:
It's hilarious you claim I am the bloviating asshole who hurls insults when thst is all you have done here. It's even more hilarious you claim I lose all debates when you won't even debate or provide a reasonable solution. Even more so since we all know your bloviating jackass shit face will just declare victory via fiat declaration just like you did with Venezuela when I owned you so hard it ain't even funny and everybody knows it.

You're a fucking naif. Exit the threat with some grace.
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That thread is there for everyone to read. You made a prediction and so did I. Turns out mine was better.

I pretty much nailed it with the bloviating asshole description too, haha.
 
Genx87 said:
Come on. So while negotiations drag on for months the economy burns? Even you cant think Trump could negotiate anything within a time frame to save the economy.
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No, this is negotiation with the establishment, with global governments...etc. notice the pivots going on globally?

You guys are thinking checkers.
 
Sheik Yerbouti said:
man it is going to be an epic meltdown for speedy and lk when drumpf crashes and burns in November.
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The worst part is of all the Trump craziness nothing has got me willing to consider Hildabeast. I was going to vote for myself come Nov. But if he is serious about just letting the debt lapse and renegotiate. I may do the unthinkable and make a deal with the Hildabeast.
 
WelshBloke said:
If it wasn't for the massive collateral damage it would cause I'd like to see him win and them live with the consequences.
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I am in a win win. Hillbilly gets in and my job and portfolio skyrockets. Why? Because if she does half the damage to regulations her husband did I am fucking golden.

This is a win win for me. She's corrupt and will sell this country for higher profits.
 
LegendKiller said:
I am in a win win. Hillbilly gets in and my job and portfolio skyrockets. Why? Because if she does half the damage to regulations her husband did I am fucking golden.

This is a win win for me. She's corrupt and will sell this country for higher profits.
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How's your portfolio going to do if Trump burns your economy?
 
LegendKiller said:
No, but you can't call and idea insane unless you have a sane basis for disagreeing and a sane resolution to the problem. Further, you have to have a rational recognition of motivation.
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Eh? You certainly don't need to put forward an alternative if you're pointing out obvious problems with an idea.
 
WelshBloke said:
That's a nice demonstration of faith there.

Personally I'd rather base my financial future on something more concrete than that!
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Skin in the game is a far greater motivation than most realize.

You'd think that more would realize it post crisis.

Ultimately people like the Clintons don't have skin in the game. They get paid whether they fuck the country or not. Look at them amassing hundreds of millions on speaking and influence peddling after fucking the country with nafta, mfn, and deregulation.
 
I'm not going to say I agree or disagree with Trump's opinions on debt, but I'm a little concerned about what he says. Words matter. Perception matters. You can't say you're going to illegally default on debt payments and expect nothing to happen in response. Investors have emotions too. We have a healthy appreciation of fear. Bonds issued by shit countries like Argentina have very high interest rates because we know that country has a history of screwing bond holders.
Obama made a similar mistake with all of his socialist talk. Even though Obama is a pro-business guy, his words still scare people. Saying things like "spread it around" scares people. His "you didn't build that," which was taken out of context, scared people.

It needs to be stated repeatedly that the US cannot legally default on its debt obligations without experiencing some kind of collapse. Bond holders get paid first. No exceptions. Even if we can't afford a military, the bond holders get paid. That's how bonds work. I'm sure The Donald knows this. Even if he doesn't own bonds, he should know this. Does he think the US issues preferred shares or something? We can just stop dividends payments for the lulz?
 
LegendKiller said:
Skin in the game is a far greater motivation than most realize.

You'd think that more would realize it post crisis.

Ultimately people like the Clintons don't have skin in the game. They get paid whether they fuck the country or not. Look at them amassing hundreds of millions on speaking and influence peddling after fucking the country with nafta, mfn, and deregulation.
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So apparently, you are just using the I'm drunk on Trump and hate Hillary side of the brain today, or is it for the last 6 months or so.
 
LegendKiller said:
Skin in the game is a far greater motivation than most realize.

You'd think that more would realize it post crisis.

Ultimately people like the Clintons don't have skin in the game. They get paid whether they fuck the country or not. Look at them amassing hundreds of millions on speaking and influence peddling after fucking the country with nafta, mfn, and deregulation.
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LK you'd be better saying Trump is an extreme narcissist. This is where Trumps narcissism is a strength. Trump would never accept less than the best President for the economy in decades.
I doubt I'll vote for Trump but this is definitely true Trump would never leave office with a bad economy. He may ring up debt to do it but that's a different discussion.
 
WelshBloke said:
It's nice that you think someone will good at something just because they want to be.
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Not because they want to be but because they are significantly motivated to be.

Skin in the game, equity, prioritization, needs, utility, however you want to call it, provides significant motivation for performance. I have seen it in the last 10+ years working in investments, deploying billions in capital to everything from startups to mature businesses.
 
Fanatical Meat said:
LK you'd be better saying Trump is an extreme narcissist. This is where Trumps narcissism is a strength. Trump would never accept less than the best President for the economy in decades.
I doubt I'll vote for Trump but this is definitely true Trump would never leave office with a bad economy. He may ring up debt to do it but that's a different discussion.
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It has nothing to do with narcissism and everything to do with billions of dollars.
 
LegendKiller said:
Not because they want to be but because they are significantly motivated to be.

Skin in the game, equity, prioritization, needs, utility, however you want to call it, provides significant motivation for performance. I have seen it in the last 10+ years working in investments, deploying billions in capital to everything from startups to mature businesses.
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So if you wish really, really hard you can do anything you want and achieve your dreams?

That seems a bit wet.
 
Genx87 said:
Of all the blustering and stupid ideas by Trump this is the most scary. The reason is he will have a GOP congress to go along with defaulting on the debt.
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That's not how the political game works. The GOP doesn't shutdown the government because they want less government. They shutdown the government because they want less Obama.
Obama in power -> shutdown and blame Obama.
Bush in power -> increase our freedom budget so we can keep being free!


What's your solution?
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Jews in gas chambers. What's your question? 😎

Are people aware that we can maintain sustainable debt growth just by cutting spending?
Suppose GDP is growing by 2%.
Debt is growing by 5%.
Cut spending until debt is growing at only 2%.
Holy shit, look how hard that was. I almost had to put down my coffee before solving this problem.
 
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