The new budget bill is the worst...

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  1. jackclee lm profile image83
    jackclee lmposted 8 months ago

    How can the GOP sign this bill and claim they are for fiscal responsibility?
    If winning elections and maintaining majority in both Houses of Congress means giving in to demands of the minority, then we might as well vote Democrats...
    At least they say they want more spending...
    You GOP are the lost party.

    1. Credence2 profile image79
      Credence2posted 8 months agoin reply to this

      Jack, The GOP WILL compromise with the Democrats or thewheels of Government comes to a halt. That is certainly not going to help Trump nor his agenda.

      1. jackclee lm profile image83
        jackclee lmposted 8 months agoin reply to this

        Credence, I only care for the American people. This deficit spending is going to hurt all of us, Republicans and Democrats, independent and conservative.
        It is a bad bill.

        1. jackclee lm profile image83
          jackclee lmposted 8 months agoin reply to this

          I don’t know how much you understand economics...
          Interest rate is on the rise as it should be. It was kept artifically low by the federal reserve in the Obama years. When this happens, it is no time to increase our debt.
          Just the opposite. We need to pay down our debt first. Otherwise, we will go bankrupt as a nation.
          It is like charging on your credit card every month and not paying off the balance. The interest alone will be a huge part of your debt, one that cannot be paid off.

          1. promisem profile image97
            promisemposted 8 months agoin reply to this

            During a recession, the Fed drives down interest rates and the government spends more money to stimulate the economy. It's basic economics, and we saw it worked during the Bush recession.

            Cutting debt and government spending is what made the Great Depression in the 1930s much worse.

            But you are right about the new budget. We should be running a surplus now to reduce the debt. And we certainly shouldn't be cutting taxes.

            1. wilderness profile image97
              wildernessposted 8 months agoin reply to this

              When SHOULD we cut taxes, then?  During a recession when the govt. needs massive income for stimulation but tax receipts are falling?

              1. promisem profile image97
                promisemposted 8 months agoin reply to this

                Yes, during a recession, and that's exactly what they did. They put in place a temporary cut with the employment taxes.

                The massive income for stimulation comes from the sale of Treasury bonds, which are mostly bought by the Fed and China.

                1. jackclee lm profile image83
                  jackclee lmposted 8 months agoin reply to this

                  The treasury is raising record income last few years.
                  There is no reason to increase spending at this time.
                  If anything we need to cut spending and live within our means.
                  Family do this every years, in times of recession and in boom...
                  Government needs to do the same.

                  1. wilderness profile image97
                    wildernessposted 8 months agoin reply to this

                    Normally I would agree with this, but we've let the needs of the country, such as roads and dams, go without for too many years.  Too bad this new spend-crazy plan won't address the things we need.

                  2. promisem profile image97
                    promisemposted 8 months agoin reply to this

                    I agree we should not increase spending. We also shouldn't be cutting taxes.

                    You can't pay down the debt with a massive tax cut at the same time.

                2. wilderness profile image97
                  wildernessposted 8 months agoin reply to this

                  While I understand the thinking, it does seem a little counterproductive - when we need money the worst we'll cut taxes and when we need it the least we'll increase them, giving surplus money that can then be spent on pork.  This produces the philosophy that govt. can have all it wants from the population and is what has gotten us the largest national debt in the world.

                  1. promisem profile image97
                    promisemposted 8 months agoin reply to this

                    As the saying goes, you ain't seen nothing yet.

                    The new tax cuts are massive. When the next recession hits (maybe because of our new trade war), we're going to have debt that makes the current debt look like peanuts.

          2. Credence2 profile image79
            Credence2posted 8 months agoin reply to this

            I don’t know how much you understand economics...
            Interest rate is on the rise as it should be. It was kept artifically low by the federal reserve in the Obama years. When this happens, it is no time to increase our debt.
            Just the opposite. We need to pay down our debt first. Otherwise, we will go bankrupt as a nation.
            It is like charging on your credit card every month and not paying off the balance. The interest alone will be a huge part of your debt, one that cannot be paid off.
            ------------------------------

            Jack, I told you that I had a 'wait and see' attitude about Trump and the 'economic miracle' he promised. I hear that the stock market recently took quite a tumble over Trump's tariff ideas, looks like that is going over like a lead balloon. I thought that you people were about free-trade.

            1. wilderness profile image97
              wildernessposted 8 months agoin reply to this

              Free trade does not apply only to foreign products entering the country.  It applies equally as much to American products going overseas, you know, and when it is only "free" one direction there is a problem.

        2. Credence2 profile image79
          Credence2posted 8 months agoin reply to this

          I care for the American people as well, that is why I do not trust Trump specifically and conservative policies in general as being for anyone's benefit except for the oligarchs.

          Did you think the GOP is just going to bully to get its way? Not this time, after all, is not your party in charge of all three branches of government? Yet, you still cannot win all the Oscars?  I shudder to think that I just uttered that......

          1. jackclee lm profile image83
            jackclee lmposted 8 months agoin reply to this

            Credence, that is the problem. When Democrats are in majority, they pass bills they want such as ACA... when the GOP are in majority, they seem to have a hard time passing things we conservative want... yet they always run as the conservative party...
            I want the politicians to enact laws that are based on conservative principles. If they don’t work, then it is fair to throw them out next election. Right now, we are just getting the same policies and over spending regardless who is in charge...sad...

  2. jackclee lm profile image83
    jackclee lmposted 8 months ago

    President Trump, you are a huge disappointment on this issue. You should have veto this bill. Shut down the government for 2 weeks and watch them squirm...the deep state and the Washington insiders would not know what to do...

 
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