I want to be clear: I disagree with our debt which is driven by wasteful spending and entitlements.

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I want to be clear: I disagree with our debt which is driven by wasteful spending and entitlements.

Author: Cole (15846 Posts - Joined: Oct 15, 2012)

Posted at 2:00 pm on Mar 15, 2019

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Spending is way too high and wasteful. However, the *amount* of the national debt is not an actual crisis now, and won't be for the foreseeable future.

Replies to: "I want to be clear: I disagree with our debt which is driven by wasteful spending and entitlements."

R.I.P. USA cause of death: Suicide - CapeIrish - 12:02pm 3/15/19 (70) [View All]
- On the other hand, it's politically suicide for politicians to address debts issue. US suicide vs - Eli - 2:32pm 3/15/19
  - all Your comments are spot on.....However the ‘catalyst’, first step, is - IrishMikeR - 1:21pm 3/16/19
  - Need a balanced budget amendment [NT] - NedoftheHill - 2:38pm 3/15/19
- Confiteor deu... according to Alan Greenspan this morning... I am the problem! - Curly1918 - 2:03pm 3/15/19
- In 2018, the US churned out $20.5 trillion in goods and labor (i.e. GDP). US Debt is $22 trillion. - Cole - 1:27pm 3/15/19
  - Hmm...Cole: 1, Forget about US' $128 trillion worth. That's paper wealth, not gold. 2, 43% of GDP - Eli - 2:24pm 3/15/19
    - Ok, so use total fossil fuel resources owned by the Federal government alone. - Cole - 2:32pm 3/15/19
      - Liberal. [NT] - Frank L - 4:36pm 3/15/19
  - Except in times of signficant war, I see no reason for our country to take on debt. It's bad policy - WestCoastIrishFan - 1:56pm 3/15/19
    - I want to be clear: I disagree with our debt which is driven by wasteful spending and entitlements. - Cole - 2:00pm 3/15/19
      - You're about as sincere as the Freedom Caucus. [NT] - ND521 - 2:24pm 3/15/19
        Wow. Glowing praise! [NT] - NedoftheHill - 2:40pm 3/15/19
        Hey, in that case I'll even throw in the Tea Party. [NT] - ND521 - 2:58pm 3/15/19
        Don't forget the Whigs! [NT] - NedoftheHill - 3:06pm 3/15/19
  - You led the Obama-is-spending-irresponsibly charge. - Chris94 - 1:33pm 3/15/19
    - Hmm, mindless, partisan, and hack all come to mind. He also led the Obama is a dictator charge. [NT] - Frank L - 2:14pm 3/15/19
    - You misread my post. I do not agree with wasteful spending. Tom Coburn is one of the - Cole - 1:37pm 3/15/19
      - Don had both houses of Congress yet managed to increase the debt and the trade deficit. [NT] - ND521 - 2:37pm 3/15/19
        It's the one thing upon which the D's and R's agree. [NT] - NedoftheHill - 2:42pm 3/15/19
        *some Ds. Jerry Brown ran a surplus and put money in a rainy day fund much to chagrin of many - ND521 - 3:25pm 3/15/19
        Higher percent of R's than D's are fiscal conservatives, but that doesn't seem to matter these days. [NT] - NedoftheHill - 12:22am 3/16/19
        
        He did not have 60 votes in the Senate to deal with entitlement reform. It was therefore a non- - Cole - 2:41pm 3/15/19
        Lol. Spending cuts required 50 votes + the evangelical poodle. [NT] - ND521 - 2:52pm 3/15/19
        "The Senate is barred from using reconciliation to pass any bill that targets Social Security, [LINK] - Cole - 3:04pm 3/15/19
        Spending cuts = tax cuts, right ? Conveniently forgot about that mantra already. [NT] - ND521 - 3:33pm 3/15/19
      - Until there is a D prez and then the sky will be falling like its 2010 again. [NT] - Frank L - 2:17pm 3/15/19
        Is that a threat? [NT] - NedoftheHill - 10:26pm 3/15/19
        That the Tea Party will again become fiscal restraint hawks? Sounds like more of a prediction - Frank L - 11:46am 3/17/19
        You just said that you wanted the sky to fall if the D's win. That's a threat. [NT] - NedoftheHill - 12:11am 3/18/19
      - It wasn't nonsense, though, in 2010. Then it was real. - Chris94 - 1:40pm 3/15/19
        actually, no. I'm very worried about the debt, regardless of who is in the white house. I'd rather - WestCoastIrishFan - 1:54pm 3/15/19
        * [NT] - Frank L - 3:42pm 3/15/19
        
        Yep, Cape, CC, and you are consistent on this topic. Much better than the hacks like Cole. [NT] - Frank L - 2:27pm 3/15/19
        I use facts, You use insults. You are up to 4 insults in 1 thread. Trying to set a record? [NT] - Cole - 2:33pm 3/15/19
        Fact: you only care about this issue for political advantage. [NT] - Frank L - 4:34pm 3/15/19
        Fact: Orange has increased the deficit by an unfunded tax cut and no reduction in entitlements. [NT] - Frank L - 5:11pm 3/15/19
        You don't think the GOP Congress had anything to do with that? [NT] - NedoftheHill - 10:23pm 3/15/19
        Yeah they passed what HE ran on and wanted, [NT] - Frank L - 11:50am 3/17/19
        
        Not from the way Trump takes credit for it. [NT] - LehighND - 10:17am 3/16/19
        Do what I do. - NedoftheHill - 11:54pm 3/16/19
        
        Fact: Orange has increased our trade deficit. [NT] - Frank L - 5:12pm 3/15/19
        What did he do to cause that? [NT] - NedoftheHill - 10:23pm 3/15/19
        Increased spending, reduced taxes. - LehighND - 10:19am 3/16/19
        Interesting. I thought the GOP Congress did that. [NT] - NedoftheHill - 11:57pm 3/16/19
        Really by passing HIS signature piece of legislation that he ran on and brags about all the time? - Frank L - 11:52am 3/17/19
        Are you saying Trump's signature law increased trade deficits?...or increased spending & reduced tax [NT] - NedoftheHill - 12:16am 3/18/19
        
        And don't forget McConnell as a general rule needs to get Trump's blessing on everything. - LehighND - 12:21pm 3/17/19
        Obama advocated for ACA. Trump didn't advocate for higher trade deficits. [NT] - NedoftheHill - 12:14am 3/18/19
        Frank says the GOP does whatever Trump wants, so they must have approved the national emergency. [NT] - NedoftheHill - 12:17am 3/18/19
        You are the best nit picker in the world. You know that I meant that a bill didn't get out of there - Frank L - 9:57am 3/18/19
        
        Fact: Despite his isolationism, Orange has increased the deficit with military spending. [NT] - Frank L - 5:15pm 3/15/19
        Did the GOP Congress have anything to do with that? [NT] - NedoftheHill - 10:25pm 3/15/19
        The old Bush playbook. It wasn't Bush's fault Congress didn't stop him from invading Iraq! - LehighND - 10:21am 3/16/19
        I don't get that. You act like Congress passed Trump's budget, and POTUS has the power of the purse. [NT] - NedoftheHill - 11:56pm 3/16/19
        He has the power of the veto. R’s also control both houses. Doesn’t pass without his okay. - Frank L - 11:48am 3/17/19
        True, but I don't think that supports your point. - NedoftheHill - 12:51pm 3/17/19
        Except the GOP does DO EXACTLY what he wants. They also controlled both houses. - Frank L - 1:03pm 3/17/19
        We both know that is not true. [NT] - NedoftheHill - 12:12am 3/18/19
        That a spending bill didn’t get out of there in two years without his approval? - Frank L - 10:00am 3/18/19
        
        Fact: you skewered Obama for the same type of unbridled spending you excuse in Trump. [NT] - Frank L - 5:19pm 3/15/19
        Both parties suck on that issue, which makes it a non-issue. [NT] - NedoftheHill - 10:25pm 3/15/19
        All humans are flawed. Charles Manson, Mother Theresa... Murder is a non-issue. [NT] - LehighND - 10:23am 3/16/19
        Good call. Republicans are clearly the Mother Theresa in this analogy. [NT] - NedoftheHill - 11:55pm 3/16/19
        Yes they are such innocents in ballooning the debt. [NT] - Frank L - 11:49am 3/17/19
        You didn't get Lehigh's analogy? He didn't say MT was innocent. Everyone is flawed. [NT] - NedoftheHill - 12:13am 3/18/19
        Compared to Manson she is, although not perfect. [NT] - Frank L - 8:15am 3/18/19
        
        Correct and incorrect. [NT] - Frank L - 10:07am 3/16/19
        
        Sure, Cole. You cherry-pick and skew facts to fit your narrative [NT] - ND521 - 3:00pm 3/15/19
- So nonpartisan of you. - LehighND - 1:15pm 3/15/19
- Yep, on this you are entirely correct. [NT] - Frank L - 12:25pm 3/15/19