Politicspoliticstrumptenyeardeficit

Tue Feb 13, 2018, 08:45 AM

Trump want's you to spend next 10 years in debt ... according to Nick Mulvaney, because ...

Trump doesn't know how to balance a budget.

However, if you get more than $90/mo.. in CHIP assistance, you will get Blue Apron meals in a box delivered Amazon style.

How long b4 Trump just puts his brand on the box ?

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Reply Trump want's you to spend next 10 years in debt ... according to Nick Mulvaney, because ... (Original post)
RATFINK_5.0 Feb 2018 OP
Shkreli Feb 2018 #1
GoldwatersSoul Feb 2018 #2
rampartb Feb 2018 #4
GoldwatersSoul Feb 2018 #5
nolidad Feb 2018 #8
GoldwatersSoul Feb 2018 #9
def_con5 Feb 2018 #3
JohnPoet Feb 2018 #6
Banshee 3 Actual Feb 2018 #7

Response to RATFINK_5.0 (Original post)

Tue Feb 13, 2018, 09:52 AM

1. If I was so poor I needed free shit, I wouldn't bitch about how I get it.

 

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Response to RATFINK_5.0 (Original post)

Tue Feb 13, 2018, 10:03 AM

2. There hasn't been...

a balanced budget since Nixon.

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Response to GoldwatersSoul (Reply #2)

Tue Feb 13, 2018, 12:01 PM

4. there has not been a balanced budget since calvin coolidge

contraction of money supply in the early 1920s may have contributed to the florida bubble and the great depression.

http://www.polidiotic.com/by-the-numbers/us-national-debt-by-year/

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Response to rampartb (Reply #4)

Tue Feb 13, 2018, 01:16 PM

5. No...

Deficit spending has been so massive and the share of the economy made possible by government spending so large that annualized deficits cannot really be held against the sitting president. Nixon pulled a surplus in 1969. Clinton had it on 3 different years although this was at a time when the Gingrich congress actually steamrolled the Clinton budget and enacted changes that he couldnt get past.

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Response to GoldwatersSoul (Reply #5)

Tue Feb 13, 2018, 04:04 PM

8. Actually the last surplus was Nixons.

They actually took in more than they spent.

Clintons supposed surpluses use an accounting gimmick. They borrowed out all the medicare and SS trust fund moneys collected and spent them on other items. Because it is the govt. borrowing from the govt. they do not consider it a debt.

If you count the FEd IOUS to teh trust funds as borrowed money (as it is) then Clinton rans deficits every year. This practice did not start until mid time of Reagans 8 years.

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Response to nolidad (Reply #8)

Tue Feb 13, 2018, 04:13 PM

9. I am aware...

1969.

Technically government borrowing from itself isn't actually debt.

The interests paid on the IOUS are the only thing keeping Social Security afloat.

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Response to RATFINK_5.0 (Original post)

Tue Feb 13, 2018, 10:14 AM

3. Huh?

CHIP is health insurance for middle class kids, up to $70K where I live.

Why would they send you food too?

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Response to def_con5 (Reply #3)

Tue Feb 13, 2018, 02:12 PM

6. They meant "SNAP" instead of "CHIP"

Acronyms abounding.

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Response to RATFINK_5.0 (Original post)

Tue Feb 13, 2018, 02:16 PM

7. How many of Obama's 8 budgets were balanced?

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