Crnr2Crnr Posted May 4, 2023 Share Posted May 4, 2023 great job Boomers https://markets.businessinsider.com/news/bonds/debt-crisis-us-default-government-spending-deficit-outlook-stanley-druckenmiller-2023-5 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2023 Platinum Contributing Member Share Posted May 4, 2023 (edited) If you spent $13 million a day every day since the birth of Christ it wouldn't reach $10 trillion dollars. That is the INCREASE in spending the democraps are proposing over the next decade. Not sure if that even includes the $50 trillion they want to spend on Climate change between now and 2050. One of my biggest problems with govt is this bullshit planning that when setting a budget every year they talk about the next 10 years and it happens every year. Then throw in CC spending going out 37 fucking years. How about this make a plan for 1 year or at most the remaining time you are in office...other than that fuck off. Edited May 4, 2023 by Highmark 2 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 4, 2023 Author Share Posted May 4, 2023 4 minutes ago, Highmark said: If you spent $13 million a day every day since the birth of Christ it wouldn't reach $10 trillion dollars. That is the INCREASE in spending the democraps are proposing over the next decade. Not sure if that even includes the $50 trillion they want to spend on Climate change between now and 2050. One of my biggest problems with govt is this bullshit planning that when setting a budget every year they talk about the next 10 years and it happens every year. Then throw in CC spending going out 37 fucking years. How about this make a plan for 1 year or at most the remaining time you are in office...other than that fuck off. the credit card has been maxed out for a while due to both sides, and 'they' want the credit limit increased. did you read what Stan said? he's an actual billionaire. maybe he should run for office, or someone like him... idk but I fear what all this spending that's already taken place will ultimately cost future generations. certain I'll get skewered for this but ALL tax cuts should be taken off the table for a decade or more. dinners over, time to pick up the tab. Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted May 4, 2023 Share Posted May 4, 2023 We really have backed ourselves into a corner. They can't pull back the taxes, they need the revenue. They can't pull back the spending, they have put themselves in a position of NEED when it comes to keeping people working. Bigger government = bigger deficits. I don't see how that changes since the government is not in the business of making money... well, other than printing it. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2023 Platinum Contributing Member Share Posted May 4, 2023 7 minutes ago, Crnr2Crnr said: the credit card has been maxed out for a while due to both sides, and 'they' want the credit limit increased. did you read what Stan said? he's an actual billionaire. maybe he should run for office, or someone like him... idk but I fear what all this spending that's already taken place will ultimately cost future generations. certain I'll get skewered for this but ALL tax cuts should be taken off the table for a decade or more. dinners over, time to pick up the tab. Almost 1/2 trillion dollars will be spent on financing the debt. If we don't get serious about this soon its all over....in fact it very well could be already. Reality is there needs to be a hard look at non-discretionary spending as well as its the vast majority of the budget. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 4, 2023 Author Share Posted May 4, 2023 13 minutes ago, Mag6240 said: We really have backed ourselves into a corner. They can't pull back the taxes, they need the revenue. They can't pull back the spending, they have put themselves in a position of NEED when it comes to keeping people working. Bigger government = bigger deficits. I don't see how that changes since the government is not in the business of making money... well, other than printing it. if it's acceptable for Powell to raise interest rates to fight inflation at the potential cost of people's jobs, why is it not acceptable to also cut the number (2.9M) of federal government jobs, not to mention contract workers? I believe they used to call it shared sacrifice? 12 minutes ago, Highmark said: Almost 1/2 trillion dollars will be spent on financing the debt. If we don't get serious about this soon its all over....in fact it very well could be already. Reality is there needs to be a hard look at non-discretionary spending as well as its the vast majority of the budget. EXCELLENT point that the vast majority of our citizens don't realize or give two shits about. We as a nation need to get our financial house in order and from my POV I don't see either party doing it. Some may argue... but they're wrong. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 4, 2023 Share Posted May 4, 2023 Maybe the last few generations can get a job that’s on the books? You know one where you pay taxes? Quote Link to comment Share on other sites More sharing options...
racer254 Posted May 4, 2023 Share Posted May 4, 2023 5 minutes ago, Crnr2Crnr said: if it's acceptable for Powell to raise interest rates to fight inflation at the potential cost of people's jobs, why is it not acceptable to also cut the number (2.9M) of federal government jobs, not to mention contract workers? I believe they used to call it shared sacrifice? EXCELLENT point that the vast majority of our citizens don't realize or give two shits about. We as a nation need to get our financial house in order and from my POV I don't see either party doing it. Some may argue... but they're wrong. There is a bill that the R's have put up. It cuts spending, but the dems won't vote for it. Where do you come up with it being both parties? This is all on the current democrats. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 4, 2023 Author Share Posted May 4, 2023 1 minute ago, racer254 said: There is a bill that the R's have put up. It cuts spending, but the dems won't vote for it. Where do you come up with it being both parties? This is all on the current democrats. Reckless spending without a plan to pay for it has been going on for nearly two decades... from both parties. Once you and 155M+ voters in this nation are willing to accept that fact maybe something will get done. Why don't you be honest here for a change and just confess that you just want a tax cut, that's it. Nothing else. You only care about you... and right now, in my opinion. Prove me wrong... Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 4, 2023 Share Posted May 4, 2023 3 more banks expected to fall this week. Let's go Brandon. Quote Link to comment Share on other sites More sharing options...
racer254 Posted May 4, 2023 Share Posted May 4, 2023 2 minutes ago, Crnr2Crnr said: Reckless spending without a plan to pay for it has been going on for nearly two decades... from both parties. Once you and 155M+ voters in this nation are willing to accept that fact maybe something will get done. Why don't you be honest here for a change and just confess that you just want a tax cut, that's it. Nothing else. You only care about you... and right now, in my opinion. Prove me wrong... LIke I said, there is a bill right now that the democrats can pass, it has already been passed by republicans and it cuts spending. Why won't democrats pass it? So I blame it on the democrats. Prove me wrong. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2023 Platinum Contributing Member Share Posted May 4, 2023 15 minutes ago, Mainecat said: Maybe the last few generations can get a job that’s on the books? You know one where you pay taxes? That's rich coming from someone who did everything in their power to avoid paying FICA taxes. You are an incredible hypocrite. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted May 4, 2023 Share Posted May 4, 2023 (edited) Don't you mean the last two decades? Edited May 4, 2023 by Anler 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 4, 2023 Author Share Posted May 4, 2023 7 minutes ago, ArcticCrusher said: 3 more banks expected to fall this week. Let's go Brandon. which has far more to do with the Fed, previous policies and things that occured before and during FJB's tenure your opinions are irrelevant twaddle... So fuck off eh 5 minutes ago, racer254 said: LIke I said, there is a bill right now that the democrats can pass, it has already been passed by republicans and it cuts spending. Why won't democrats pass it? So I blame it on the democrats. Prove me wrong. because they suck... but the suck on both sides is strong. the previous administration had no issue raising the debt ceiling three times. why is the bill only good until next year? it's all political fucking theater... which I would hope you can see. the R's and the D's aren't going to let us default. we're trillions in debt, we need to drastically cut spending and you want a tax cut because you only care about you. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted May 4, 2023 Platinum Contributing Member Share Posted May 4, 2023 (edited) 3 minutes ago, Crnr2Crnr said: which has far more to do with the Fed, previous policies and things that occured before and during FJB's tenure your opinions are irrelevant twaddle... So fuck off eh because they suck... but the suck on both sides is strong. the previous administration had no issue raising the debt ceiling three times. why is the bill only good until next year? it's all political fucking theater... which I would hope you can see. the R's and the D's aren't going to let us default. we're trillions in debt, we need to drastically cut spending and you want a tax cut because you only care about you. Remember that you’re talking to a guy who actually believes Ted Cruz when he says he is only running for reelection so he can introduce term limits legislation.😂 Edited May 4, 2023 by Jimmy Snacks 1 3 Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted May 4, 2023 Share Posted May 4, 2023 good thing we don't run our households by the govt example 3 Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted May 4, 2023 Share Posted May 4, 2023 6 minutes ago, sleepybrew said: good thing we don't run our households by the govt example Some people do, didn't someone post the CC debt in the US has topped $16.7T? A new record? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 4, 2023 Share Posted May 4, 2023 22 minutes ago, Crnr2Crnr said: which has far more to do with the Fed, previous policies and things that occured before and during FJB's tenure your opinions are irrelevant twaddle... So fuck off eh because they suck... but the suck on both sides is strong. the previous administration had no issue raising the debt ceiling three times. why is the bill only good until next year? it's all political fucking theater... which I would hope you can see. the R's and the D's aren't going to let us default. we're trillions in debt, we need to drastically cut spending and you want a tax cut because you only care about you. Sure Karen. How are your calls coming along? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 4, 2023 Author Share Posted May 4, 2023 19 minutes ago, sleepybrew said: good thing we don't run our households by the govt example unfortunately many do... 10 minutes ago, Mag6240 said: Some people do, didn't someone post the CC debt in the US has topped $16.7T? A new record? yes, I did and it's $16.9T https://www.newyorkfed.org/newsevents/news/research/2023/20230216 7 minutes ago, ArcticCrusher said: Sure Karen. How are your calls coming along? my finances are just fine mr. Canadian election interferer. 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 4, 2023 Platinum Contributing Member Share Posted May 4, 2023 41 minutes ago, Anler said: Don't you mean the last two decades? Yes Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 4, 2023 Share Posted May 4, 2023 53 minutes ago, Highmark said: That's rich coming from someone who did everything in their power to avoid paying FICA taxes. You are an incredible hypocrite. Really? You have to earn money to have to pay taxes. My point Mr. cardboard box went over your corrugated head. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2023 Platinum Contributing Member Share Posted May 4, 2023 4 minutes ago, Mainecat said: Really? You have to earn money to have to pay taxes. My point Mr. cardboard box went over your corrugated head. Make any excuse you want...legal or not you screwed over others more in need than you...congrats. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 4, 2023 Share Posted May 4, 2023 2 hours ago, Crnr2Crnr said: great job Boomers https://markets.businessinsider.com/news/bonds/debt-crisis-us-default-government-spending-deficit-outlook-stanley-druckenmiller-2023-5 So dumb Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 4, 2023 Author Share Posted May 4, 2023 4 minutes ago, DriftBusta said: So dumb Oh, you're smarter than Stanley... Derpbusta? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted May 4, 2023 Platinum Contributing Member Share Posted May 4, 2023 9 minutes ago, Crnr2Crnr said: Oh, you're smarter than Stanley... Derpbusta? Long winded bloviation incoming! 🤣 Quote Link to comment Share on other sites More sharing options...
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