when the bill comes due

[Bulletbob]

Right now we each owe about 67,000.00 on the national debt and that was before the recent stimulus .

in the next 4 years we will add several more trillion tom it and I guessing we will each own about 80,000 by the end of the Biden administration.
regardless if your a democrat or a republican or a independent its affecting your life.

its got to stop, and we ALL need to vote people in who will make a effort to reduce this debt and spending trend.

 

[Jack]

All we have to do is cut Taxes.

 

[floridafan]

Right now we each owe about 67,000.00 on the national debt and that was before the recent stimulus .

in the next 4 years we will add several more trillion tom it and I guessing we will each own about 80,000 by the end of the Biden administration.
regardless if your a democrat or a republican or a independent its affecting your life.

its got to stop, and we ALL need to vote people in who will make a effort to reduce this debt and spending trend.

Why now? After you voted Trump in, you didn't care how much he added to the national debt and our deficits. So, again, why now?

 

[Legion]

Trump

.

 

[CASPER]

Right now we each owe about 67,000.00 on the national debt and that was before the recent stimulus .

in the next 4 years we will add several more trillion tom it and I guessing we will each own about 80,000 by the end of the Biden administration.
regardless if your a democrat or a republican or a independent its affecting your life.

its got to stop, and we ALL need to vote people in who will make a effort to reduce this debt and spending trend.

Did you say the same when trump and the Repubs passed the first two Stimulus Bills or passed a Tax Cut for the Rich that amounted the same amount of cost as this last Bill???

 

[Legion]

trump

.

 

[Legion]

The illegitimate Biden regime that stole the 2020 election is already looking past its $1.9 trillion "coronavirus relief" bill and starting to consider how to pay for the next round of porkulus.

The challenges are twofold. Officials must decide how much of the bill to pay for with tax increases and which policies to finance with more borrowing. In a narrowly divided Congress, they must also craft a bill that can win support from nearly every DEMOCRAT.

The U.S. has borrowed trillions of dollars in the past year.

Most DEMOCRATS have signaled they may be willing to borrow more. But Republicans and Sen. Joe Manchin (D., W.Va.), say the ballooning national debt is a reason to ensure the spending is offset with tax increases or cuts elsewhere.

Janet Yellen said Sunday that the regime hasn’t decided whether to pursue a wealth tax, but will likely issue proposals to address the swelling federal budget deficit. Yellen admitted on ABC’s “This Week with George Stephanopoulos,” that Biden proposed higher taxes on corporations, on individuals and on capital gains and dividend payments before his 2020 election theft.

Biden's handlers are just starting to grapple with the issue. While they haven’t ruled out more borrowing to finance parts of the plan, Biden has continued to talk about his campaign proposals to raise taxes to pay for new permanent programs, said Jared Bernstein, a top economic adviser.

In the past year, successive rounds of stimulus spending to combat the coronavirus and its economic fallout have contributed to a nearly $4.5 trillion increase in federal debt held by the public, to $21.9 trillion as of March 1. At roughly the size of the nation’s pre-Biden economic output, the debt is the highest since the end of World War II.

The Congressional Budget Office this month projected that the national debt would double as a proportion of gross domestic product. The projection doesn’t include the huge porkulus package signed by Biden last week or his additional spending plans.



https://www.wsj.com/articles/white-house-weighs-how-to-pay-for-long-term-economic-program-11615714201?mod=hp_lead_pos3

 

[Mr.Badguy]

Right now we each owe about 67,000.00 on the national debt and that was before the recent stimulus .

in the next 4 years we will add several more trillion tom it and I guessing we will each own about 80,000 by the end of the Biden administration.
regardless if your a democrat or a republican or a independent its affecting your life.

its got to stop, and we ALL need to vote people in who will make a effort to reduce this debt and spending trend.

You're right, if only we could elect more people like Bill Clinton (minus the skeevy sex stuff)!

 

[CASPER]

All we have to do is cut Taxes.

Yeup that is the GOP answer, reduce revenue when you need to increase it.

The reality is we will need to pay for some of this through higher taxes in one form or another, though some revenue will be generated through an improving economy there will still have to be some price to pay, which was expected all along.

 

[archives]

Right now we each owe about 67,000.00 on the national debt and that was before the recent stimulus .

in the next 4 years we will add several more trillion tom it and I guessing we will each own about 80,000 by the end of the Biden administration.
regardless if your a democrat or a republican or a independent its affecting your life.

its got to stop, and we ALL need to vote people in who will make a effort to reduce this debt and spending trend.

And once again we have a winger with a selective memory

After four years of cavalier spending that didn’t concern them a bit we are now suppose to take them serious when they tell us they are suddenly concerned with deficits and debt

Next

 

[Legion]

The yield on the 10-year Treasury note was 1.634% on Friday, up from 0.9% at the start of the year, meaning that the cost of borrowing is rising for the government and across the economy.

But DEMOCRATS have attributed the rise to the "brightening economic outlook" rather than market concerns about government borrowing.

Jason Furman and Larry Summers, top officials in the Obama and Clinton administrations, have suggested the U.S. could easily continue to manage its debt as long as net interest payments, as a share of GDP, are projected to remain below 2% over the coming decade.

Under current law, CBO projects annual borrowing costs will average 1.6% during the next decade.

“America has enormous unmet needs when it comes to children, research, infrastructure and our social safety net,” said Furman, who served as chairman of President Barack Obama’s Council of Economic Advisers.

“We have substantial fiscal space to meet these needs, without paying for all of them, but having some form of limiting principle or framework would be useful for the best decisions.”


https://www.wsj.com/articles/white-house-weighs-how-to-pay-for-long-term-economic-program-11615714201?mod=hp_lead_pos3

 

[Phantasmal]

Why can we alway afford war for oil but for some reason we can’t afford a war on a virus or a war on deteriorating infrastructure?

 

[floridafan]

.

Its obvious you dont have an answer. Time after time you looked the other way when trump did something, but stood first in line to blame Biden or any Democrat for attempting to do something even close.

 

[floridafan]

The yield on the 10-year Treasury note was 1.634% on Friday, up from 0.9% at the start of the year, meaning that the cost of borrowing is rising for the government and across the economy.

But DEMOCRATS have attributed the rise to the "brightening economic outlook" rather than market concerns about government borrowing.

Jason Furman and Larry Summers, top officials in the Obama and Clinton administrations, have suggested the U.S. could easily continue to manage its debt as long as net interest payments, as a share of GDP, are projected to remain below 2% over the coming decade.

Under current law, CBO projects annual borrowing costs will average 1.6% during the next decade.

“America has enormous unmet needs when it comes to children, research, infrastructure and our social safety net,” said Furman, who served as chairman of President Barack Obama’s Council of Economic Advisers.

“We have substantial fiscal space to meet these needs, without paying for all of them, but having some form of limiting principle or framework would be useful for the best decisions.”


https://www.wsj.com/articles/white-house-weighs-how-to-pay-for-long-term-economic-program-11615714201?mod=hp_lead_pos3

Here we go again, honeysuckle, Trump borrowing was good, Biden always bad. Deficits for the rich are always preferred to deficits helping the poor and middle class. You act has gotten so boring and tired.

 

[Legion]

You're right, if only we could elect more people like Bill Clinton!

Robert Reich has entered the chat.

I saw Clintonomics fail by Robert Reich

Clinton boasted in his State of the Union address to Congress that year: “The era of big government is over.”

Until Thursday, that is. Joe Biden signed into law the biggest expansion of government assistance since the 1960s – a guaranteed income for most families with children, raising the maximum benefit by up to 80% per child.

As Biden put it in his address to the nation, as if answering Clinton: “The government isn’t some foreign force in a distant capital. No, it’s us, all of us, we the people.”

https://www.theguardian.com/comment...timulus-trump-tax-cuts-welfare-reagan-clinton

 

[Legion]

trump

.

 

[Legion]

Trump

.

 

[Bulletbob]

Why now? After you voted Trump in, you didn't care how much he added to the national debt and our deficits. So, again, why now?

your wrong I was disappointed we ended up follow what bush and o bung hole did , this isnt about democrat or republican its about congress spending habits . Im complaining about all our presidents and all of our congress . its got to stop by the time bidens out of office were probably looking at 29 to 30 trillion n in debt .
they need to be cut off both sides
its not a democrat against republican or who spends more or less. its our money and our debt and our politicians we need to take control of it and stop letting the politicians waste our money, if democrats and republicans don't join forces on this issue and put pressure on our politicians we will have a economic melt down that will cripple the nation so stop playing democrat against republican and try being a fucking American for a bit
t
we need to force them by law to have a balanced budget except in times of war and to pay a small amount on the balance of our debt.

 

[Bulletbob]

Did you say the same when trump and the Repubs passed the first two Stimulus Bills or passed a Tax Cut for the Rich that amounted the same amount of cost as this last Bill???

listen it has nothing to do with the stimulas bill now or past republican or democrat all of our politicians are fucking guilty6 all of us also for letting it go this far.

 

[floridafan]

your wrong I was disappointed we ended up follow what bush and o bung hole did , this isnt about democrat or republican its about congress spending habits . Im complaining about all our presidents and all of our congress . its got to stop by the time bidens out of office were probably looking at 29 to 30 trillion n in debt .
they need to be cut off both sides
its not a democrat against republican or who spends more or less. its our money and our debt and our politicians we need to take control of it and stop letting the politicians waste our money, if democrats and republicans don't join forces on this issue and put pressure on our politicians we will have a economic melt down that will cripple the nation so stop playing democrat against republican and try being a fucking American for a bit
t
we need to force them by law to have a balanced budget except in times of war and to pay a small amount on the balance of our debt.

You fully supported Trumps tax cuts for the rich, knowing full well that it would add trillions to our debt. You supported, as well, the Bush war in Iraq, while once again knowing the damage it would do to our national debt. Time to be honest for a change.