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Thread: Which do you prefer? Drowning in debt or government shutdown

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    Which do you prefer? Drowning in debt or government shutdown

    Which do you prefer? Drowning in debt or government shutdown

    The fiscal year ends on September 31, and we need a new budget in order for the government to stay open starting October 1. We know that current budget projections call for ~$1T is deficit spending for the next few years before deficits (supposedly) will start coming down. Now is the time to call your congress-critters. Demand that they stop spending money that we don't have. It is better to shut the government down than to continue these massive deficits.

    Federal spending so far this year has already topped $3 trillion -- a new record for the first eight months of the year -- and Congress is once again coming up on an appropriations deal impasse.Let the shutdown hysteria begin. As Congress battles over the budget fine print, lawmakers on the left will insist the sky is falling. Don’t feed into the drama, and here’s why.


    Shutdowns are not nearly as bad as Democrats will claim

    The last partial federal shutdown amounted to nothing. The media was aflutter with concern over the shutdown’s impact on the economy, but gross domestic product growth in the first quarter of the year surpassed expectations at 3.2 percent.


    Many on the left want you to believe people rioted in the streets, but society did not collapse. American consumers and small businesses resumed life as normal amid a resurgent economy. Besides some dirty bathrooms and overflowing trash cans in national parks (many of which were cleaned up by volunteers), most of the country remained unaffected.
    Read the rest at the link.
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    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    Quote Originally Posted by Peter1469 View Post
    Which do you prefer? Drowning in debt or government shutdown

    The fiscal year ends on September 31, and we need a new budget in order for the government to stay open starting October 1. We know that current budget projections call for ~$1T is deficit spending for the next few years before deficits (supposedly) will start coming down. Now is the time to call your congress-critters. Demand that they stop spending money that we don't have. It is better to shut the government down than to continue these massive deficits.



    Read the rest at the link.
    The real budget problem is mandatory spending the democrats have vowed not to tackle. The CBO predicts by 2027 that 88% of the budget will be mandatory spending (SS, Medicare, Welfare, etc.) and servicing the debt. Democrats whine about military spending which is about 1/2 of the discretionary spending but mandatory spending is the elephant in the room.
    When Donald Trump said to protest “peacefully”, he meant violence.

    When he told protesters to “go home”, he meant stay for an insurrection.

    And when he told Brad Raffensperger to implement “whatever the correct legal remedy is”, he meant fraud.

    War is peace.

    Freedom is slavery.

    Ignorance is strength.

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    Quote Originally Posted by Hoosier8 View Post
    The real budget problem is mandatory spending the democrats have vowed not to tackle. The CBO predicts by 2027 that 88% of the budget will be mandatory spending (SS, Medicare, Welfare, etc.) and servicing the debt. Democrats whine about military spending which is about 1/2 of the discretionary spending but mandatory spending is the elephant in the room.
    Correct, that is what I have been saying for a long time. Additionally interest payments on the debt will start to crowd out discretionary spending.
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    I have long said and thought that this is going to crash or have to be managed to a more reasonable level. The politicians are unwilling to talk about getting it under control so I think that it will crash. Not in our lifetime but probably our children or grandchildren lives.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    Quote Originally Posted by DGUtley View Post
    I have long said and thought that this is going to crash or have to be managed to a more reasonable level. The politicians are unwilling to talk about getting it under control so I think that it will crash. Not in our lifetime but probably our children or grandchildren lives.
    Agreed. I have been saying this for a long time. We don't know how much debt the US can sustain because the USD is a world reserve currency. Should that change, the USD would likely immediately crash.
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    Quote Originally Posted by Peter1469 View Post
    Agreed. I have been saying this for a long time. We don't know how much debt the US can sustain because the USD is a world reserve currency. Should that change, the USD would likely immediately crash.
    Agree.

    One of the problems is that at least half of our political class believes that the solution is just to take more of what we earn. They aren't concerned b/c they'll be able to force more and more taxes.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    Quote Originally Posted by DGUtley View Post
    Agree.

    One of the problems is that at least half of our political class believes that the solution is just to take more of what we earn. They aren't concerned b/c they'll be able to force more and more taxes.
    In the 2008 election cycle there were lots of talk of massive tax increases to increase revenue. Assuming those plans would actually increase revenue (they wouldn't), the most draconian would have raised about $250B. That would cover a quarter of the current deficit. It is the spending, not the revenue, that is the problem.

    And that plan that would increase government revenue by ~$250B included ending the mortgage interest tax deduction- imagine how hard that would slam the middle class.
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    Personally, I think that they should look at my generation and say "Sorry, you're screwed. The generations before you raped the country. There's no medicare beyond comfort for you. There's minimal SS for you. Yes, it's not fair. yes, it sucks but we have to save the country." Take what they took from us and pay down/off the deficit. Fix SS. Put it on my generation. We've been getting screwed for our entire lives.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    Cutesy Time is OVER

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