But Why?

[S.A. Boggs]

I just recently watched Sen. Paul expound on the deficit and the budget which will only increase. His rational was why did the Republicans rile against Barry yet it is OK for them to do the same thing. This has me asking more questions with no answers. If Barry could have had a third time most likely he would have got it. With Hillary's failings people continued to vote for her winning the "popular" vote. With the military's continued wasting of $$$ their budget was increased again. This "circus" that we now live in reminds me of some aspects of the later period of the Roman Empire, it won't continue. The stock market is up based on what, some people are OK with continuing to kill unborn babies who have harmed no one yet are against executing killers as being inhumane. Continuing to pay people not to work, providing housing and medical care with very little regard. OK with legalizing cannabis yet are appalled at the "opioid crisis." Are OK with anyone flooding our borders, providing for some of them, OK with identification fraud. Every hour something new makes me wonder about the people who inhabit this land.
Sam

[Dan Shapiro]

You can't fix STUPID.

[Dick Hosmer]

"They" say that NO civilzation lasts forever. We didn't want to believe it, thinking OUR founders were somehow "different" or "better", but it seems like America's day in the sun may be coming to an end. We shall see. Trump may well be the catalyst which causes the boil-over, but the previous 24 years had a LOT to do with it, plus what Dan said.

[togor]

Is it spending or deficit that is the issue?

[Vern Humphrey]

You can't fix STUPID.

Well you can, but it requires asking to stand with their backs to an adobe wall.

[RED]

Surprise! Surprise! Surprise! Who says the deficit is going to rise? Like anything else these days you never hear the truth from the jackasses in the media. The truth is that the economic eruption that we are seeing has caused an enormous increase in the amount of taxes the Feds are collecting. The nay sayers say that if you cut tax rates then government income decreases... not so. The economy now has more people working, and people are earning more money (more hours worked and higher wages), equals more taxes being paid.

[dryheat]

Once in a while S.A. writes something really sensible.

-has caused an enormous increase in the amount of taxes the Feds are collecting.- Money they can P*** away on foolishness and when it's not available anymore they'll cry broken baby shoes.

[togor]

Surprise! Surprise! Surprise! Who says the deficit is going to rise? Like anything else these days you never hear the truth from the jackasses in the media. The truth is that the economic eruption that we are seeing has caused an enormous increase in the amount of taxes the Feds are collecting. The nay sayers say that if you cut tax rates then government income decreases... not so. The economy now has more people working, and people are earning more money (more hours worked and higher wages), equals more taxes being paid.

Who? The bond market, that's who. Yeah what do they know. Oh, and the guys in the Treasury Department whose job it is to track the current debt. Turns out we're galloping towards the debt ceiling limit at a good clip, faster than anticipated. Does it matter? Sure it does! Tell us why, Red.

[S.A. Boggs]

It appears not to matter who is in charge of the purse strings, both sides appear to want to use the credit card to the max. Sooner, not later, the bills have to be paid and there is no way to come up with this amount of money. I seriously doubt that there is enough gold in Fort Knox to cover a portion of it. "Full faith and credit" sounds good as long as "someone" is willing to accept it. The Great Depression will look easy compared to what is around the corner unless the deficit is drastically slowed down. Sen. Paul is right, problem is no one is listening nor do they want to. In Holy Scripture there is another Paul who warned and was not listen to either, history repeats itself! Years ago at the clinic I worked with a woman who had an answer to all our financial problems. "The government has all the money, just print more!" was her solution. Apparently too many in or nation's capital feel the same way to the detriment of all. When this train of nation jumps the track, how many will die?
Sam

[RED]

Who? The bond market, that's who. Yeah what do they know. Oh, and the guys in the Treasury Department whose job it is to track the current debt. Turns out we're galloping towards the debt ceiling limit at a good clip, faster than anticipated. Does it matter? Sure it does! Tell us why, Red.

For an idiot, you may have swerved into something. Of course the bond market and the interest rate effect the stock market. Obama, doctored the interest rates to keep them artificially low and at some point we are going to have to pay for that... much like we had to pay for the Nixon era wage and price freezes. Fortunately we have a President that knows that in order to survive we have to grow the economy, bring back the manufacturing industry and the corporate funds held overseas and that will help the economy to continue to grow. The stock market is heavily dependent on computer trading and the leveraging of ETF's (much like "margin trading," in the past), but essentially all the historic crashes of the stock markets have been related to a world wide falling economy. Today the the world economy is good and the U.S. economy is booming. Tax receipts are at record levels and the current volatility does not mean the economy is crashing. Keynes was wrong.

[togor]

Yes of course Red, people study finance, economics, law, business, etc., then wait for an old boy like you jawing over a cracker barrel to tell them what it all means. Makes perfect sense to me. Boarding door about to close. See you when I get back!

[RED]

Gee, I'm sure sorry that my little 12 college semester hours of Economics classes doesn't compare to your 10 years at the Harvard and MIT. BTW, where did you study finance, UCLA? Just how many degrees do you have?

So far I see where you claim to have studied Finance, Economics, Law, Business, Climatology, Physics, History, Medicine, and Transgender Studies. Lets see some degrees... When I challenged you on your Garand purchases, you showed us where somebody bought a M-1 from the CMP and that made you a "collector." Just show us 2 degrees you claim... the ones in finance and economics will do...

You are a blowhard braggart and a liar.

[togor]

Red you're response is utterly predictable, and once again your aim stinks. It's not you against me, I'm not a bond expert and never present myself as one. It's you against the bond market guys, the Treasury guys, the Keynesians as you opine about whether or not the budget deficit now has a Space-X booster under it and whether or not this is a good time for that to happen. Go back and re-read the thread.

Now electrical engineering, there I'll be quite happy to go head-to-head. Bring it on, big guy.

[oscars]

Nothing unusual about Red's bloviating - just some version of the Laffer Curve. Find me some legitimate examples both in markets or courses that are examples. Laffer’s supply-side logic served as the intellectual cornerstone for Reagan’s tax cuts, marking a turning point in conservative ideology. Up until this point, Republican orthodoxy was mostly focused on avoiding fiscal deficits. The GOP was even fine with raising taxes as long as the government covered its expenses. Economists and liberal politicians saw tax cuts as a way to tuck some extra cash into workers’ pockets, encouraging them to consume—which, in turn, boosted growth. But many old-school Republicans scoffed at Laffer’s trickle-down theories. The most famous example of this came during the GOP primary, when George H.W. Bush dubbed Reagan’s supply-side ideology “voodoo economics.”

Reagan persevered, however, and one of his first priorities as president was putting Laffer’s ideas into practice. Shortly after taking office, Reagan and Congress macheted the US tax code, bringing the top marginal tax rate to 28%, down from 70%, and slashing corporate and capital gains taxes. Higher growth was supposed to expand the tax base, compensating the federal government for the revenues lost by the lower rate. Instead, public debt exploded—and continued to grow throughout Reagan’s tenure. The Laffer curve had just failed its first big test.

Bush 2 tried the Laffer Curve with the same result and I don't see Trump doing any differently or having a different result

[RED]

Higher growth was supposed to expand the tax base, compensating the federal government for the revenues lost by the lower rate. Instead, public debt exploded—and continued to grow throughout Reagan’s tenure. The Laffer curve had just failed its first big test.

The Reagan tax cuts resulted in greatly increasing the amount of tax revenue collected by the Federal Government. The problem wasn't the tax cut, the problem was the increase in spending fueled by the Democrats , and yes the Republicans then, just as they are doing today, had a big part in allowing the increases. That's why I am no longer a Republican. McCain, Graham, McConnell, Ryan, and their ilk is as much the problem as are the Schumer, Peelosi, and Boxer gang. This time, I am rooting for a even bigger eruption of the electorate in 2018 to eliminate many of the crooked establishment bastards that are the problem.