I thought you guys would be more likely to believe it if Snope, the WaPo, Politifact, etc. said its true.
So we can use snopes again?
There needs to be a sticky at the top of the forum to indicate if it is a day snopes, politifact, and factcheck are considered acceptable sources of evidence by conservative members around here or if they are full of lies and fake news.
As I told DSF, the extra money would be great if it's free, but it's not. It's a temporary, unfunded loan that has to be repaid. It's like celebrating because your credit card company cuts its minimum monthly payment. Sure, it put more money in your pocket today, but your debt is still there and you're paying more interest. That's a reckless financial strategy.I'm far from rich, but I'd not call myself poor either... my income is higher than most married combined filers. I just got money freed up, much of which will be going to my 401k and roth IRA. To me this is good news, I know many here are trying to downplay it though. Keep fighting the good fight, I say.
Note that this was back in July, and was simply due to timing. It was still Obama's budget; Trump had literally nothing to do with it. The debt has been increasing ever since, and will really start ballooning now thanks to the tax loans.
On a side note, I read that the CR they passed this week has another $300 billion in tax cuts related to health and the ACA. These were cuts the GOP couldn't fit in their tax bill since they push the extra debt increase to around $1.8 trillion. Thankfully, deficits don't matter, right? Just put it on the national credit card and worry about it later.
still unemployed. So if we go by my experience, Donald is no better than anyone else.
$lol, $85 every two weeks is sizeable?
You know what's funny. I have a buddy whose a multi-millionaire. He told me a few years ago "do you know the difference between you and me? You were conditioned to think small. Much smaller That's why you make $70k a year, while I make $70k a month."
When I heard that I'm like you're crazy. But, after talking to my family and friends, and reading post from middle class folk it all makes sense. We are conditioned to think small. That's why companies can give a $2k bonus and average middle class people go nuts.
obama's own policies added about a trillion to the debt. trump's already 80% more than that.Yea, yea... debt goes up $10,000,000,000,000 under Obama, first year under Trump the deficit flattened out. Obviously Obama planned that and it was his goal, he wanted the debt to balloon under him and planned for it to even out under the next admin.
It is all relative. I'm happy to have more money I earned go to me, and on this forum the sheeple are so partisan they don't think that's right or a good thing... to keep more of what you've earned. Topsy turvy world this partisan leftist corner of cyberspace.
Also, your friend is right, there is a lot of truth to what he said. I'm moving up the ladder a little at work, and just doing that has shown me I shouldn't settle for less than what I feel I deserve, and hard work and perseverance will get me there.
Good grief, you can't even get basic facts straight. The deficit has been mostly dropping since Obama took office. Look at post 117.Yea, yea... debt goes up $10,000,000,000,000 under Obama, first year under Trump the deficit flattened out. Obviously Obama planned that and it was his goal, he wanted the debt to balloon under him and planned for it to even out under the next admin.
obama's own policies added about a trillion to the debt. trump's already 80% more than that.
I'm far from rich, but I'd not call myself poor either... my income is higher than most married combined filers. I just got money freed up, much of which will be going to my 401k and roth IRA. To me this is good news, I know many here are trying to downplay it though. Keep fighting the good fight, I say.
So you will be investing your money and not spending it? Hmm...I can't imagine why economists think tax cuts don't grow the economy.
There are excuses and then there's the bottom line. When Obama took office, the debt was at $10.6 trillion. When he left office it was at $19.9 trillion. How many years can you blame the guy before you? That certainly wouldn't work for me at work to keep blaming budget problems on someone else before me...
I don't understand the people getting giddy for extra $85 in their pocket. Knowing that $85 is costing US tax payer an arm and a leg down the road. I would gladly pay extra $85 today.
the cost of anything that is serviced by debt is the cost of the entire repayment stream going into the future until fully paid off. since we're never going to fully pay off the debt, it's basically out to infinity. so, potentially, forever. for example, neither obama nor any of his successors should be blamed for the debt needed to go fund shrub's adventure in iraq. that trillion dollars plus every single cent of interest on it should always, squarely, fall on bush.There are excuses and then there's the bottom line. When Obama took office, the debt was at $10.6 trillion. When he left office it was at $19.9 trillion. How many years can you blame the guy before you? That certainly wouldn't work for me at work to keep blaming budget problems on someone else before me...
One reason in this case, resurrected dead account shill... This troll is fooling no one.
Republicans controlled both houses of congress after the 2014 elections. Congress makes and passes budgets, the president can only veto them, and then only if there aren't enough votes to override the veto.
So: you agree that the Republican House and Senate are at fault for all deficit spending since 2014?
I thought you guys would be more likely to believe it if Snope, the WaPo, Politifact, etc. said its true.
These "leftists" are generally following economic orthodoxy, which is to have a counter-cyclical fiscal policy. Rather than fiscal policy at random, or worse, pro-cyclical fiscal policy.Not going to lie, I'm loving all of you leftists suddenly care about the debt. Again, this is money I've earned, more of it is going in my pocket. You can keep arguing how terrible that is, but I don't think it is a bad thing at all.
I believe the Republicans on the whole are as irresponsible with our country's finances as the Democrats. Obama isn't the first president to have the other party in control of congress for some of his term. Again, bottom line vs. excuses.
With all your partisan-based lies, distortions, and namecalling, it's obvious that you're not interested in honest discussion.Not going to lie, I'm loving all of you leftists suddenly care about the debt. Again, this is money I've earned, more of it is going in my pocket. You can keep arguing how terrible that is, but I don't think it is a bad thing at all.
So you just plainly stated you don't think getting money now by putting future generations in debt is a bad thing. We now have it clearly on record.Not going to lie, I'm loving all of you leftists suddenly care about the debt. Again, this is money I've earned, more of it is going in my pocket. You can keep arguing how terrible that is, but I don't think it is a bad thing at all.
Yes because invested money gets buried in a pirate chest by the fund company and not recycled back into the economy by the selling person on the other side of the transaction.