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Old 12-04-2019, 01:00 PM
Teppler Teppler is offline
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Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]
You can do a debt ratio too if you want, I'm versatile. It's not useful but we all have our kinks.

spending:gdp first plz
“Too”? You don’t have a first point. There is no decent financials. We sink deeper into debt every year on the backs of the elites bleeding the country as their personal pay pig. The same people you are here fighting for every day. Do I need to repeat that we’ve basically gone from 5 trillion in debt to 20 trillion in debt since 1996. From 2018-2020 we will have added about 3 trillion. Our entire debt was 5 trillion in 1996. And you’re talking about having a good debt ratio somewhere in there? Lmao
  #2  
Old 12-04-2019, 01:10 PM
Wonkie Wonkie is offline
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Originally Posted by Teppler [You must be logged in to view images. Log in or Register.]
“Too”? You don’t have a first point. There is no decent financials. We sink deeper into debt every year on the backs of the elites bleeding the country as their personal pay pig. The same people you are here fighting for every day. Do I need to repeat that we’ve basically gone from 5 trillion in debt to 20 trillion in debt since 1996. From 2018-2020 we will have added about 3 trillion. Our entire debt was 5 trillion in 1996. And you’re talking about having a good debt ratio somewhere in there? Lmao
Used to be you could get a candy for a nickel

What happened to us????
  #3  
Old 12-04-2019, 01:19 PM
Ripp Ripp is offline
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Quote:
Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]
Used to be you could get a candy for a nickel

What happened to us????
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.

~ Woodrow Wilson 1919


But that's all silly conspiracy theories, right? [You must be logged in to view images. Log in or Register.]

If you liberals researched half as much as you run your mouths (fingers) you might learn something.
  #4  
Old 12-04-2019, 12:33 PM
feniin feniin is offline
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Originally Posted by Teppler [You must be logged in to view images. Log in or Register.]
I know. I wish I had more patience to explain debt to a sub 90 IQer that thinks we are a wealthy country and not literally bankrupt and in trillions of dollars of debt. Bankruptcy and trillions in debt is conservative public spending and not liberal spending right wonkie?
Nice personal attacks. Next time try engaging rather than lashing out. If you can't answer his question, it's okay to admit it.
  #5  
Old 12-04-2019, 12:55 PM
Teppler Teppler is offline
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Originally Posted by feniin [You must be logged in to view images. Log in or Register.]
Nice personal attacks. Next time try engaging rather than lashing out. If you can't answer his question, it's okay to admit it.
Well if you read his previous post, he attacked the poster first, I jab him back. Luckily it hasn’t reached the inflammatory levels you and Horza regularly get to though.
  #6  
Old 12-04-2019, 12:08 PM
Hoppkins_Wytchfinder Hoppkins_Wytchfinder is offline
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https://en.wikipedia.org/wiki/List_o...y_expenditures

I can see something which could probably be cut to reduce spending.
  #7  
Old 12-04-2019, 12:54 PM
Teppler Teppler is offline
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Originally Posted by Hoppkins_Wytchfinder [You must be logged in to view images. Log in or Register.]
https://en.wikipedia.org/wiki/List_o...y_expenditures

I can see something which could probably be cut to reduce spending.
Military spending isn’t our issue. We spend an incredible amount on welfare type programs. From 2001-2017 our debt rose from 5.8 to 20.2 trillion. Of that, 1.9 trillion is due to the war on terror. That leaves 12.5 trillion unaccounted for.

Where did the money go during this time?

Obama’s bail out to the banks amounted to 16.1 trillion dollars. Most of this is still owed to the banks to be paid out between now and 2050. 4.6 trillion was paid out, the rest goes on our balance sheet as debt.

Whining about military spending in the face of this is ludicrous.

Keep in mind that military spending is 50% of discretionary spending. Not 50% of our total budget. Discretionary spending only accounts for like 25% of our total budget. Almost all of our budget is ‘mandatory spending’ which is almost entirely welfare programs such as social security, snap, Medicare, Medicaid, unemployment etc....
  #8  
Old 12-04-2019, 12:59 PM
Hoppkins_Wytchfinder Hoppkins_Wytchfinder is offline
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Quote:
Originally Posted by Teppler [You must be logged in to view images. Log in or Register.]
Military spending isn’t our issue. We spend an incredible amount on welfare type programs. From 2001-2017 our debt rose from 5.8 to 20.2 trillion. Of that, 1.9 trillion is due to the war on terror. That leaves 12.5 trillion unaccounted for.

Where did the money go during this time?

Obama’s bail out to the banks amounted to 16.1 trillion dollars. Most of this is still owed to the banks to be paid out between now and 2050. 4.6 trillion was paid out, the rest goes on our balance sheet as debt.

Whining about military spending in the face of this is ludicrous.

Keep in mind that military spending is 50% of discretionary spending. Not 50% of our total budget. Discretionary spending only accounts for like 25% of our total budget. Almost all of our budget is ‘mandatory spending’ which is almost entirely welfare programs such as social security, snap, Medicare, Medicaid, unemployment etc....
Who is whining. It's your budget not mine.
  #9  
Old 12-04-2019, 06:06 PM
BallzDeep BallzDeep is offline
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"The issue with carrying massive national debt is that, in the event of an economic downturn, things can go very badly very quickly. Hyperinflation could kick in. And currency devaluation. Down the road lies nothing good."

Not defending the point on either/or but just find it funny that a Democratic talking point is that we are currently spending too much money. When Teppler says we are liberally spending too much money, every single one of you disagrees. Is it just to disagree or do you actually know what you are talking about?

The quote comes from one of your leftist news from 2019. I do agree that spending has been too liberal, including Trump's era.
  #10  
Old 12-04-2019, 06:19 PM
Wonkie Wonkie is offline
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Quote:
Originally Posted by BallzDeep [You must be logged in to view images. Log in or Register.]
Is it just to disagree or do you actually know what you are talking about?
I know more than he pretends to and so does he.

That's why he refuses to answer.
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