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  1. #54466
    Atomic Punk edwardv's Avatar
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    They are all hypocrites the whole dirty bunch of them minus the so called kooks like the Pauls and Kucinich types. DD is right you pay down debt during the boom times and prepare for the next recession as soon as the recovery starts. That should be fiscal policy 101 but they all failed that course.
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    David Lasher Number 47's Avatar
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  3. #54468
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    The treatment of the deficit is like having really bad diabetes and still thinking you can eat anything you want as long as you take your metformin.

    Just kicking the can down the road by relying on the Metformin instead of changing the core issue will buy you time, but you will still suffer the consequences at some point.

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  5. #54469
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    There are lots of reasons the US dollar remains strong even though we have so much debt, but there is elasticity to it, you can't stretch the boundaries forever.

    This is why you PAY DOWN DEBT DURING BOOM PERIODS. Fucking idiots.

    Even fucking Bill Clinton knew that.
    And households have the same problem. People are out of work for 2 weeks and all hell breaks loose because people don't have 5 cents to their names. People refusing to pay rent (even if they have the money) - it is crazy. We have a cleaning lady come to the house each week (we asked her not to the last 3 weeks since we're home and to keep everyone safe). When he told her we would keep paying her during this time and she was floored. I guess most of her clients just said "that's a you problem, we're broke"

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  6. #54470
    Atomic Punk bsbll4's Avatar
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    Quote Originally Posted by rocknblues81 View Post
    Probably more like Newt Gingrich knew it.
    This is exactly right. Bill Clinton gets all the credit but did none of the work for it. Remember, the Republicans were elected as a house Majority for the first time in a generation as a reaction to Clinton's first couple of years and the push for HillaryCare. The price tag on everything proposed was skyrocketing and Newt Gingrich and the rest of the Republicans ran on the "Contract with America" that had the core tenant of a balanced budget. Once they got control, they made it happen.

    It's not a coincidence that the last time we had a balanced budget was the last time ONE party in this country was actually concerned about debt. Once the Republicans realized they could get elected by spending like Democrats but to their own constituencies, it was game over for balanced budgets.
    Last edited by bsbll4; 04.01.20 at 07:28 AM.
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  8. #54471
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    Quote Originally Posted by bsbll4 View Post
    This is exactly right. Bill Clinton gets all the credit but did none of the work for it. Remember, the Republicans were elected as a house Majority for the first time in a generation as a reaction to Clinton's first couple of years and the push for HillaryCare. The price tag on everything proposed was skyrocketing and Newt Gingrich and the rest of the Republicans ran on the "Contract with America" that had the core tenant of a balanced budget. Once they got control, they made it happen.

    It's not a coincidence that the last time we had a balanced budget was the last time ONE party in this country was actually concerned about debt. Once the Republicans realized they could get elected by spending like Democrats but to their own constituencies, it was game over for balanced budgets.
    Yep. Clinton was pragmatic enough to realize he had to work with Republicans when they won those midterm elections. And, right you are, that was the last time either party cared about curbing spending and balancing budgets. Sad.

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  10. #54472
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    Quote Originally Posted by JUNGLE DRUMMER View Post
    Yep. Clinton was pragmatic enough to realize he had to work with Republicans when they won those midterm elections. And, right you are, that was the last time either party cared about curbing spending and balancing budgets. Sad.
    pragmatic. Not a word often used to describe politicians these days.

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    Quote Originally Posted by It's Mike View Post
    pragmatic. Not a word often used to describe politicians these days.
    Unfortunate.

  12. #54474
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    Quote Originally Posted by Scott View Post
    McConnell is such a hypocrite. When a republican is in the office, controlled deficit, balanced budgets are a thing - and he stands and thumps his chest like not having a balanced budget is the largest travesty known to mankind...when he's sitting there, no big thing...in fact, lets go bigger.
    This, I might dislike him more than Pelosi, and that is saying something. He is there for only one purpose, sucking as much money out of the system as he possibly can.
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    This country is not going to recover to a point to where people can realistically try and pass off the idea that the constitution still matters.

    The path of this country is clear, itís going to continue to fall apart.

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    Quote Originally Posted by rocknblues81 View Post
    This country is not going to recover to a point to where people can realistically try and pass off the idea that the constitution still matters.

    The path of this country is clear, it’s going to continue to fall apart.
    Stay positive, bro.
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  17. #54477
    David Lasher Number 47's Avatar
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    Trump snapped at John Roberts from FNC tonight, if we're keeping score.

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  19. #54478
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    Quote Originally Posted by bklynboy68 View Post
    Stay positive, bro.
    Iím not saying that the virus will overrun America and kill everyone, but individual rights are being compromised so much that Iím not sure things will be the same.

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  21. #54479
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    The common sense of the common man will come in handy.

  22. #54480
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    Quote Originally Posted by rocknblues81 View Post
    I’m not saying that the virus will overrun America and kill everyone, but individual rights are being compromised so much that I’m not sure things will be the same.
    Well...there is a pandemic going on right now. And our rights are still intact. And they will be when this is over.

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