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-   -   The Deficit (http://www.paceadvantage.com/forum/showthread.php?t=143150)

elysiantraveller 02-04-2018 12:13 AM

The Deficit
 
Not that anyone cares about it anymore...

Reuters; Expected to pass $1 Trillion

Clocker 02-04-2018 12:45 AM

Quote:

Originally Posted by elysiantraveller (Post 2271780)
Not that anyone cares about it anymore...

Why should anyone care? The people spending the money are living well, they have good salaries, perks and pensions, and they will never have to deal with the consequences of their decisions.

Big Russ 02-04-2018 10:01 AM

Quote:

Originally Posted by elysiantraveller (Post 2271780)
Not that anyone cares about it anymore...

Reuters; Expected to pass $1 Trillion

Eventually, reality will bite us big time. We can forget about our politicians trying to fix the problem. For the most part, all they want to do is get re-elected, and keep "we the people" fighting among ourselves. They seem to have done a great job of doing that, and frankly, the only hope I have left is that I hope I'm gone before total meltdown occurs.

barahona44 02-04-2018 10:22 AM

I shudder to think what happens when the economy sours."Spend it for a rainy day" is the new mantra. This is the time to be cutting spending but even with one party in control of all three policy bodies, nothing will change.Put it on Daddy's ( the taxpayers) credit card and keep kicking that can down the road

.And somebody tell Dick Cheney that, yes, deficits DO matter.

zico20 02-04-2018 11:11 AM

This article is full of crap. It says Obama had four years of trillion dollar deficits due to the recession and the financial crisis. The recession ended in June of 2009. Everyone knows the economy booms after a recession ends, there was no need to spend like a drunken sailor.

Also, Social Security, Medicare, and Medicaid are responsible for half of our spending. When Democrats say this is off limits, they have no desire to get the deficit under control. Same goes for some Republicans who don't want to touch it. The problem is when Republicans talk about reforming and reducing the future spending growth of these three Democrats scream people will die and they want to take away your Social Security. Until these three are addressed the deficits will continue to soar, unless we can achieve 5 percent GDP every year, which is unlikely.

Tom 02-04-2018 11:18 AM

We survived 0bama - we can survive anything.

Many new jobs and rising wages translate to more tax revenue.
Hardly time to be crying wolf - let the economy continue its climb and see what happens.

Tom 02-04-2018 11:21 AM

Social Security is OUR money coming back to us.

Start cutting spending on thing that are not already owned by others.

SS - hands off, period.

chadk66 02-04-2018 11:40 AM

liberals never care about deficits unless a republican is in office :pound:That being said I think the major spending cuts will be coming after the mid terms. And if the dems do as well as they think they're going to do they can lead the way in deficit reduction. We all know how that's going to play out :lol:

lamboguy 02-04-2018 11:55 AM

i remember when Al Gore campaigned. he was saying that if he got elected he would put social security in a lock box.

2 years later after he didn't win, the Congress raided the social security money and social security became more insolvent than what it already was. Obama got elected and followed the same rotten policy that G. Bush had. now Trump campaigned against other Republicans saying that people paid in and they shouldn't get screwed. so far he hasn't done anything on it, but i suspect he will and that will be a major fight with his very own party. i am saying he will do something because he seems to be doing what he promised before he got elected. he definitely does not want to cut benefits, unlike Mcconnel and Ryan.

chadk66 02-04-2018 11:58 AM

Trump has had his plate pretty full. I think things like this will definitely be addressed in the near future.

zico20 02-04-2018 12:58 PM

Quote:

Originally Posted by chadk66 (Post 2271864)
liberals never care about deficits unless a republican is in office :pound:That being said I think the major spending cuts will be coming after the mid terms. And if the dems do as well as they think they're going to do they can lead the way in deficit reduction. We all know how that's going to play out :lol:

What major spending cuts are you talking about?

Clocker 02-04-2018 01:01 PM

Quote:

Originally Posted by zico20 (Post 2271892)
What major spending cuts are you talking about?

If the Dems propose a 10% spending increase and the GOP cuts it back to a 5% increase, that is a spending cut in Washington.

boxcar 02-04-2018 02:11 PM

Quote:

Originally Posted by chadk66 (Post 2271872)
Trump has had his plate pretty full. I think things like this will definitely be addressed in the near future.

Oh...Trump most definitely has Social Security on his radar for his second term.

Tom 02-04-2018 06:21 PM

We will march on DC if he tries.
SS is our money. End of story.
I have a bucket of tar and a bag of feathers in my garage.

woodtoo 02-04-2018 06:24 PM

Where is the pitchfork?:D


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