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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (955960)	8/11/2016 5:41:52 PM
From: i-node	1 Recommendation Recommended By locogringo Read Replies (4) \| Respond to of 1574575

Your post is ignorant. Simply ignorant. Innumerate. This is not "what might be." This is, "We have a disaster which is likely beyond repair unless someone is able to get economic growth back into the 4+ range; and even then it is difficult." This is not changing the subject. This IS the subject. You're assuming, blindly, that you're going to get tax increases to cover trillions in unfunded liabilities. Not going to happen. Because you cannot do that without decent economic growth. And we don't have it, and probably aren't going to. Which should be apparent to you. Our country has given everything to everyone. The money flowing into this election from the Democrats is designed to guarantee it keeps flowing no matter how much we borrow. It is just stupid, Bernie Sanders nonsense.

To: Alighieri who wrote (955960)	8/13/2016 2:22:31 PM
From: i-node	1 Recommendation Recommended By locogringo Read Replies (1) \| Respond to of 1574575

That graphic is utter nonsense. The wars amounted to at most two trillion. The tax cuts, whatever they were, cannot be properly measured without considering the benefits from them. And you don't know that figure so don't act like you do. TARP was the subject of a prior period adjustment which converted it from an expense to an asset which was subsequently collected almost in full. At worst, the transaction is immaterial. So, the entire thing is bullcrap.

To: Alighieri who wrote (955960)	8/13/2016 4:53:51 PM
From: TimF	Read Replies (2) \| Respond to of 1574575

Tax cuts and wars can't account for "nearly half of the public debt". Tax cuts aren't spending to account for any debt at all. Even if they were they were to small. Add the wars cost and your still a much smaller fraction of federal spending then half (whether or not you count the tax cuts as spending). So they can't even account for anywhere close to half the deficit, let alone half the accumilated debt. The debt properly belongs primarily to the biggest categories of spending, social and medical spending of all kinds, plus defense spending as a whole represent a very strong majority of all spending, esp. dropping interest spending (I ignore interest on the debt because its the result of other spending and that spending should be blamed.) Even if you drop defense spending you still have about 70 percent of spending even before dropping interest on the debt. That's the real source of the deficits and thus debt.