The new budget bill is the worst...

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   jackclee lmposted 5 years 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.

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      Credence2posted 5 years 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.

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         jackclee lmposted 5 years 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.

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            jackclee lmposted 5 years 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.

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               promisemposted 5 years 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.

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                  wildernessposted 5 years 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?

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                     promisemposted 5 years 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.

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                        jackclee lmposted 5 years 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.

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                           wildernessposted 5 years 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.

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                           promisemposted 5 years 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.

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                              jackclee lmposted 5 years agoin reply to this

                              Agreed.

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                        wildernessposted 5 years 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.

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                           promisemposted 5 years 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.

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                              wildernessposted 5 years agoin reply to this

                              Agreed.  I've given up hope that our legislature will ever be fiscally responsible, though.  As long as they can simply pass laws to either ding the taxpayer OR borrow more they will continue to do so, and this bill is just another strong indication of that.  It is apparent that the only thing those idiots can agree on is that can spend more money than exists.

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                                 jackclee lmposted 5 years agoin reply to this

                                 That is why we desparately need term limits in Congress. These elected officials should serve their 2 terms and go back home to their real jobs...

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                                    wildernessposted 5 years agoin reply to this

                                    Personally, I think it would help.  Absolute power corrupts absolutely.
                                    
                                    But if it doesn't, I have a hard time conceiving of any harm that would be done by limiting legislators to 2 terms.  Legislators would have to find productive jobs, might lose some income (and certainly power) in doing so, but that's a price I would be willing to pay to try and find people that would run the nation instead of pad their own pockets at our expense.

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               Credence2posted 5 years 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.

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                  wildernessposted 5 years 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.

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            Credence2posted 5 years 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......

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               jackclee lmposted 5 years 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...

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   jackclee lmposted 5 years 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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