I predict?

cawacko said:
Me and Ken go back 18 years but fair enough. Point taken.
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No disrespect. I'm glad you guys know each other. You both seem intelligent, have interesting points of view, are easy going. Kinda' caught me off guard.

Anyway, I don't think either Party cares about the Deficit once they get in Power.

Now, you want to know MY Theory?

There's TWO ways to pay for stuff, cash or credit. Now MY Theory is that Rich People PREFER to LOAN their money to the Government (by buying Treasuries) rather than being Taxed and having to pay Cash.
So, there's no REAL incentive to pay off the Debt, when Rich People can make money on it.
 
Jack said:
No disrespect. I'm glad you guys know each other. You both seem intelligent, have interesting points of view, are easy going. Kinda' caught me off guard.

Anyway, I don't think either Party cares about the Deficit once they get in Power.

Now, you want to know MY Theory?

There's TWO ways to pay for stuff, cash or credit. Now MY Theory is that Rich People PREFER to LOAN their money to the Government (by buying Treasuries) rather than being Taxed and having to pay Cash.
So, there's no REAL incentive to pay off the Debt, when Rich People can make money on it.
Click to expand...

The deficit is basically used by both party's to bludgeon each other when they are out of power.
 
cawacko said:
The deficit means nothing to you. Especially if you are a Bernie supporter and a believer in MMT. And tax reform (including coastal folks paying more) is asinine? Ok.

You don't care about either of those things Ken. You start threads on climate change being bad then start a thread about gas prices being high. You have no principles. You claim to have fought in Vietnam and if you did I give you the utmost respect. But anything else you have zero principles
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:whoa: That's harsh, cawacko. Here's a chart from 1960-present. It appears the deficit started to rise under reagan. Then look at the deficit under Clinton, did repubs give him credit for that or did they make excuses? Look at the steep rise under bush 43. And now the deficit's steadily rising again under trump. I wouldn't talk about Bernie when it looks like the deficit was better under liberal presidents.

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christiefan915 said:
:whoa: That's harsh, cawacko. Here's a chart from 1960-present. It appears the deficit started to rise under reagan. Then look at the deficit under Clinton, did repubs give him credit for that or did they make excuses? Look at the steep rise under bush 43. And now the deficit's steadily rising again under trump. I wouldn't talk about Bernie when it looks like the deficit was better under liberal presidents.

usgs_line.php
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MMT, Modern Monetary Theory, is supported by Bernie and some of his top economists. It essentially says if you control the printing press, as the U.S. does, then you can basically print as much money as you want. For instance running $2 trillion deficits is copacetic with them. It's basically how he plans to support his jobs for everyone and healthcare for all agenda.

So while one can rightfully complain about current deficits if Bernie and MMT is what you support it's a very contradictory position/argument.
 
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