Up In Smoke
Well-Known Member
Interest payments on COVID spending has created a significant increase of spending. Yes, borrowing to stay afloat.
dow jones
- Thread starter Jkloc420
- Start date
I don't think deficit spending is settling anything. As we add to the debt and interest rates go up we're spending huge amounts to just service the debt. That will either crowd out discretionary spending or we will keep adding to the debt until it all collapses when we can no longer afford to service the debt.
What do you consider a spending cycle? The GOP took over the House in January '23.
Up In Smoke
Well-Known Member
They have passed the 24-25 fiscal spending budget and it signed into law. They own the government spending through August 2025.
With compromises that the Democrat controlled Senate agreed to and Biden signed. Don't try to spin that it's entirely the Republicans doing.
PT Car Washer
Well-Known Member
That's the way government works. Or is supposed to.
Yet Up in Smoke is trying to say it's all the Republicans doing.
Up In Smoke
Well-Known Member
The Left is running on jobs, economy and the stock market when the GOP should be doubling down on those topics as a result of their taking control of spending.
Good luck! The average family kept a lot more of their money under Trump and they're all well aware of it.
U.S. Money Supply Is Doing Something No One Has Seen Since the Great Depression, and It Implies a Big Move to Come in Stocks | The Motley Fool
M2 money supply is notably falling for the first time since 1933.
www.fool.com
Cue the Biden supporters chanting "All is Well!"U.S. Money Supply Is Doing Something No One Has Seen Since the Great Depression, and It Implies a Big Move to Come in Stocks | The Motley Fool
M2 money supply is notably falling for the first time since 1933.
Only half of the world is at war
Credit card debt is over 1 trillion dollars
Yeah everything's peachy
Don't worry, the Dems will spend us out of this mess.
anonymous23456
Well-Known Member
I know!!!!!
Better start saving your moneyC'mon man! Stop your fear mongering!
anonymous23456
Well-Known Member
Up In Smoke
Well-Known Member
Free money buys a lot of support. 9T in new "printed" helicopter cash for everyone. I'm not complaining, we received hundreds of thousands of tax free, interest free and forgivable government loans.
anonymous23456
Well-Known Member
They would have helped UPS if they used package cars instead of helicopters.
DELACROIX
In the Spirit of Honore' Daumier
I wonder about the Baby Boomer vote, most are already retired and not hurting as much. The same cannot be said about their children or grandchildren, this next generation will be affected by the decisions currently coming out of Washington. Currently my son who grosses 130,000 cannot even afford buying a house, the prices are ridiculous now and the increases in interest rates and property taxes add to the problem. I cannot see how four more years of Biden will help them, these kids are not stupid, all this stupid ass politically correct nonsense will not be enough to get Biden back into office.
In every year of Trump's administration once his tax cuts were enacted families saw their take home rise. And they saved on fuel costs too. And Trump didn't just hand out 9 trillion. That was authorized by your Democratic controlled House. You know, the body that you claimed was responsible for all the spending in the last two cycles.
Trump increased the national debt by $7.8 trillion while he was in office. Most of that was pandemic spending. In his first three years he added half of the debt Biden did in his first three years.
