The National Debt, Do You Worry About It?

V

vantexan

Well-Known Member
refineryworker05 said:
Sadly in the minds of many American voters, wasteful government spending is money going to groups of Americans they hate or view as undeserving of help. Most American voters have very little idea of where federal government spending goes, so they are able to imagine the vast bulk of federal government spending going towards “welfare” on imaginary bad people than the reality that 75% of government spending is Medicare, social security, Medicaid, the military and paying interest on the national debt.
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There was a Republican Congressman, can't remember his name, who annually put out a list of things the Federal government was spending money on that was extremely wasteful and ridiculous. Had nothing to do with welfare or groups Republicans didn't like(your code for white racists).
 
V

vantexan

Well-Known Member
refineryworker05 said:
Lol. This is objective reality. There were budget surpluses at the end of the Clinton presidency and the beginning of the GWBush presidency that no one used to pay down one iota of the debt. Instead republicans said the government is collecting more in taxes than it needs let’s give the American people a tax cut. No one cares about the debt. If they did there would have been a political movement to keep those budget surpluses and use that money to pay down the debt. But no one cared. The debt discussion is America is a sham.
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The debt at the start of the Bush administration was very small compared to today. When has government ever "paid down the debt?"
 
R

refineryworker05

Well-Known Member
vantexan said:
There was a Republican Congressman, can't remember his name, who annually put out a list of things the Federal government was spending money on that was extremely wasteful and ridiculous. Had nothing to do with welfare or groups Republicans didn't like(your code for white racists).
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Yeah his list was so important that’s why you don’t remember anything he listed.
What republicans would do is take tiny programs like say scientists studying the mating habits of frogs and they would say the name of the program and wouldn’t say why it was wasteful or what the program was studying. Either way those programs are tiny and won’t move the needle at all on the debt.
Anyone serious about the debt either has to raise taxes to get budget surpluses to pay down the debt or cut spending and cutting spending is all about cutting social security, Medicare, and Medicaid as well as all military spending. Those are the programs that make up vast majority government spending.
 
V

vantexan

Well-Known Member
refineryworker05 said:
Yeah his list was so important that’s why you don’t remember anything he listed.
What republicans would do is take tiny programs like say scientists studying the mating habits of frogs and they would say the name of the program and wouldn’t say why it was wasteful or what the program was studying. Either way those programs are tiny and won’t move the needle at all on the debt.
Anyone serious about the debt either has to raise taxes to get budget surpluses to pay down the debt or cut spending and cutting spending is all about cutting social security, Medicare, and Medicaid as well as all military spending. Those are the programs that make up vast majority government spending.
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Millions here, millions there add up. It's absolutely ludicrous that you think Congress is fiscally responsible. They call it pork for a reason. And Social Security is a self funding program.
 
F

fishtm2001

Banned
"During his presidency, self-proclaimed “king of debt” Donald Trump increased the federal budget deficit from $584 billion during the Obama era to a record-high $3.3 trillion. In January 2017, the national debt was $19.9 trillion; in December 2020, it was $27.7 trillion, a nearly $8 trillion increase. Far from fulfilling his promise of eliminating the national debt, he ballooned it -- and Republicans didn’t seem to mind all that much."

Media Matters
 
F

fishtm2001

Banned
"My party is very interested in deficits when there is a Democrat in the White House. The worst thing in the whole world is deficits when Barack Obama was the president. Then Donald Trump became president, and we’re a lot less interested as a party."

Mick Mulvaney, WH Chief of Staff 2020
 
Wally

Wally

BrownCafe Innovator & King of Puns
fishtm2001 said:
"During his presidency, self-proclaimed “king of debt” Donald Trump increased the federal budget deficit from $584 billion during the Obama era to a record-high $3.3 trillion. In January 2017, the national debt was $19.9 trillion; in December 2020, it was $27.7 trillion, a nearly $8 trillion increase. Far from fulfilling his promise of eliminating the national debt, he ballooned it -- and Republicans didn’t seem to mind all that much."

Media Matters
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No argument from me. Both sides live government bloat. Sooner or later, something has to stop.
 
Swanson

Swanson

Henry Swanson's my name, and excitement's my game.
Rest easy Grampa
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