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    All Forums | Penalty Box

    Deficit Soars

    123456 Next Last»
    soup-can
    BigGame90
    wallstreetcappers
    kcblitzkrieg
    THEMUGG
    ...
    Participants:
    Search
    Views: 327
    Posts: 132
    123456 Next Last»
     
    soup-can
    soup-can
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    Posted: Dec. 10, 2024 - 2:38 AM ET #1

    The U.S. Congressional Budget Office released its monthly budget review on Monday, which showed that in the first two months of this fiscal year, the federal government has run up a deficit of $622 billion.  That amount is $242 billion more than the deficit recorded during the same period last fiscal year, that's 40% 

    We are only two months into the fiscal year, and we have already borrowed a staggering $622 billion, with $365 billion in the month of November alone.  The deficit last fiscal year was about $1.8 trillion.  

    So, what's not to like with this DOGE that Elon and Vivek want to do?

    If the Left supported this, it would be the greatest thing since sliced bread.  The system is obviously broken, and the government either lacks the brain power to balance or its just blatant ignorance.  

    Maybe the movers and shakers in government think they can just file chapter 11 bankruptcy and screw over the creditors

    Reply
    To remove first post, remove entire topic.

    The U.S. Congressional Budget Office released its monthly budget review on Monday, which showed that in the first two months of this fiscal year, the federal government has run up a deficit of $622 billion.  That amount is $242 billion more than the deficit recorded during the same period last fiscal year, that's 40% 

    We are only two months into the fiscal year, and we have already borrowed a staggering $622 billion, with $365 billion in the month of November alone.  The deficit last fiscal year was about $1.8 trillion.  

    So, what's not to like with this DOGE that Elon and Vivek want to do?

    If the Left supported this, it would be the greatest thing since sliced bread.  The system is obviously broken, and the government either lacks the brain power to balance or its just blatant ignorance.  

    Maybe the movers and shakers in government think they can just file chapter 11 bankruptcy and screw over the creditors

     
    BigGame90
    BigGame90
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    Posted: Dec. 10, 2024 - 10:40 AM ET #2

    @soup-can

     Don't worry, the Fed has it covered.... https://www.youtube.com/watch?v=ZN4vmZSPkFQ

                                                                                                            ^ That's sarcasm for those that don't know. 

    It's easy to spend other peoples money. 

    Reply

    @soup-can

     Don't worry, the Fed has it covered.... https://www.youtube.com/watch?v=ZN4vmZSPkFQ

                                                                                                            ^ That's sarcasm for those that don't know. 

    It's easy to spend other peoples money. 

     
    wallstreetcappers
    wallstreetcappers
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    Posted: Dec. 10, 2024 - 1:57 PM ET #3

    A message like this really is not educating anyone or giving insight. Instead of complaining about the left again via this message why not go into depth about what caused the increase, what changed what happened. Since congress pushes spending not a political party alone the CORRECT thread is not about LEFT rather about reckless spending from congress.

    Regarding Musk, the only single way I would ever respect this sham those two want to pull is if Musk gives up two things and gives one thing...gives up federal freebies from elec cars, that is one and number two is gives up the sham carbon credits he gets to hoard because his company is grouped in with the gas engine based category even though his company is NOT in the same classification. Tesla is the biggest scam company in this country, Elon scams left and right from fed freebies to carbon credits to having massive ops in China and being able to function back and forth with ZERO tariffs or penalties. On the give up space he should agree to tariffs and also have his SpaceX company billed for carbon credits usage since his rockets create MASSIVE pollution and his company is a private profit entity.

    So will Musk put his big fat butt on the line in order to properly and fairly be involved with government cuts? Of course not, he is a corporate schmuck just like all the others and the way his company only survives off credits and carbon trading is an enormous theft which taxpayers foot and he has personally profited BILLIONS for the opportunity.

    Reply

    A message like this really is not educating anyone or giving insight. Instead of complaining about the left again via this message why not go into depth about what caused the increase, what changed what happened. Since congress pushes spending not a political party alone the CORRECT thread is not about LEFT rather about reckless spending from congress.

    Regarding Musk, the only single way I would ever respect this sham those two want to pull is if Musk gives up two things and gives one thing...gives up federal freebies from elec cars, that is one and number two is gives up the sham carbon credits he gets to hoard because his company is grouped in with the gas engine based category even though his company is NOT in the same classification. Tesla is the biggest scam company in this country, Elon scams left and right from fed freebies to carbon credits to having massive ops in China and being able to function back and forth with ZERO tariffs or penalties. On the give up space he should agree to tariffs and also have his SpaceX company billed for carbon credits usage since his rockets create MASSIVE pollution and his company is a private profit entity.

    So will Musk put his big fat butt on the line in order to properly and fairly be involved with government cuts? Of course not, he is a corporate schmuck just like all the others and the way his company only survives off credits and carbon trading is an enormous theft which taxpayers foot and he has personally profited BILLIONS for the opportunity.

     
    kcblitzkrieg
    kcblitzkrieg
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    Posted: Dec. 10, 2024 - 3:41 PM ET #4

    The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers.

    While the US tax credit goes to EV buyers, not to the automakers themselves, it allows higher pricing for EVs as they compete with traditional gasoline-powered cars. When an earlier version of the tax credit phased out several years ago, Tesla was forced to cut prices on its vehicles by roughly half of the amount of the credit its buyers were no longer getting.

    Tesla, the world’s largest maker of EVs, is the only automaker making a profit on its US EV sales. Legacy automakers such as General Motors and Ford admit they are losing money on every EV they sell, partly because they are selling only a fraction of Tesla’s EV volume. When Tesla sold a relatively small number of EVs back in the last decade, it also lost money – but it is now among the most profitable automakers.

    So if the EV tax credit goes away, the price of all EVs might come down. But that would only reduce Tesla profits, not increase losses the way it might at established automakers trying to get into the market. Some of those automakers might even pull back on their EV production and sales in order to limit the losses, which would mean less competition among EV buyers for Tesla.

    Even with the EV tax credit in place, Tesla and Musk have used this greater profitability to cut prices on his EVs in order to support demand in the face of greater competition and to put pressure on his established automaker rivals.

    https://www.cnn.com/2024/11/15/business/musk-tesla-trump-ev-tax-credit/index.html

    You will not survive here. You are not a wolf, and this is the land of wolves now...
    Reply

    The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers.

    While the US tax credit goes to EV buyers, not to the automakers themselves, it allows higher pricing for EVs as they compete with traditional gasoline-powered cars. When an earlier version of the tax credit phased out several years ago, Tesla was forced to cut prices on its vehicles by roughly half of the amount of the credit its buyers were no longer getting.

    Tesla, the world’s largest maker of EVs, is the only automaker making a profit on its US EV sales. Legacy automakers such as General Motors and Ford admit they are losing money on every EV they sell, partly because they are selling only a fraction of Tesla’s EV volume. When Tesla sold a relatively small number of EVs back in the last decade, it also lost money – but it is now among the most profitable automakers.

    So if the EV tax credit goes away, the price of all EVs might come down. But that would only reduce Tesla profits, not increase losses the way it might at established automakers trying to get into the market. Some of those automakers might even pull back on their EV production and sales in order to limit the losses, which would mean less competition among EV buyers for Tesla.

    Even with the EV tax credit in place, Tesla and Musk have used this greater profitability to cut prices on his EVs in order to support demand in the face of greater competition and to put pressure on his established automaker rivals.

    https://www.cnn.com/2024/11/15/business/musk-tesla-trump-ev-tax-credit/index.html

     
    kcblitzkrieg
    kcblitzkrieg
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    Posted: Dec. 10, 2024 - 3:42 PM ET #5

    $1.8 billion in carbon credits probably not going anywhere.... 

    You will not survive here. You are not a wolf, and this is the land of wolves now...
    Reply

    $1.8 billion in carbon credits probably not going anywhere.... 

     
    wallstreetcappers
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    Posted: Dec. 10, 2024 - 4:02 PM ET #6

    Is he interested in fixing the decades of spending or not? Is he willing to take his own medicine or not?

     

    Tesla does not exist without the 15 years of federal credits and freebies he received let alone ZIRP that cut his capital costs to almost zero versus the convertible slop he had to offer from the outset.

    So is your guy really interested in the social better good and that includes cutting off very unnecessary and invalid freebies or not? Musk has scammed billions from taxpayers and he has the absurd approach that he is the one who can save the government?

    What a laugher...

    Reply

    Is he interested in fixing the decades of spending or not? Is he willing to take his own medicine or not?

     

    Tesla does not exist without the 15 years of federal credits and freebies he received let alone ZIRP that cut his capital costs to almost zero versus the convertible slop he had to offer from the outset.

    So is your guy really interested in the social better good and that includes cutting off very unnecessary and invalid freebies or not? Musk has scammed billions from taxpayers and he has the absurd approach that he is the one who can save the government?

    What a laugher...

     
    THEMUGG
    THEMUGG
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    Posts: 38234
    Posted: Dec. 10, 2024 - 6:24 PM ET #7

    Quote Originally Posted by wallstreetcappers:

    Is he interested in fixing the decades of spending or not? Is he willing to take his own medicine or not?   Tesla does not exist without the 15 years of federal credits and freebies he received let alone ZIRP that cut his capital costs to almost zero versus the convertible slop he had to offer from the outset. So is your guy really interested in the social better good and that includes cutting off very unnecessary and invalid freebies or not? Musk has scammed billions from taxpayers and he has the absurd approach that he is the one who can save the government? What a laugher...
    Did anyone explain all of this to Dementia Joe?

    Reply

    Quote Originally Posted by wallstreetcappers:

    Is he interested in fixing the decades of spending or not? Is he willing to take his own medicine or not?   Tesla does not exist without the 15 years of federal credits and freebies he received let alone ZIRP that cut his capital costs to almost zero versus the convertible slop he had to offer from the outset. So is your guy really interested in the social better good and that includes cutting off very unnecessary and invalid freebies or not? Musk has scammed billions from taxpayers and he has the absurd approach that he is the one who can save the government? What a laugher...
    Did anyone explain all of this to Dementia Joe?

     
    wallstreetcappers
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    Posted: Dec. 10, 2024 - 7:13 PM ET #8

    @THEMUGG

     They did not to Trump before him, so partisan patty cake is super cool isnt it?

     

    Reply

    @THEMUGG

     They did not to Trump before him, so partisan patty cake is super cool isnt it?

     

     
    spockgato
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    Posted: Dec. 10, 2024 - 8:24 PM ET #9

    I’m on the list , and rather high might I add , to get on that space rocket to Mars via Musk and his state of the art throttle thruster . I can’t wait . There’s no place like home . an_happydude

    wallstreetcappers craps in his draws and pees fuckin backwards from his vaj with a squirt.
    Reply

    I’m on the list , and rather high might I add , to get on that space rocket to Mars via Musk and his state of the art throttle thruster . I can’t wait . There’s no place like home . an_happydude

     
    soup-can
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    Posted: Dec. 12, 2024 - 4:24 AM ET #10

    @wallstreetcappers

     

     A message like this really is not educating anyone or giving insight 

    Come on really?  How many of these 4 year old threads about the orange devil keep getting bumped over and over again so now its 50 pages of garbage with maybe a few posts buried in there of substance, but mostly its's just garbage propaganda with a couple of posters square dancing with each other. 

    I know you want to lecture me over this, so what if I reworded 'the Left' with 'If Both sides of the aisle were on board, it would be the greatest thing since sliced bread' would it make any difference?  We all know one side of aisle is for this and the other is against it.

    Here's some insight on this current deficit, before COVID the deficit never topped 1 trillion, now 1 trillion is the halfway mark.  Both major political parties have historically avoided making substantial changes to these mandatory spending programs, so now that it is happening why all this push back??  Because its being done by the wrong party, but more importantly by an outsider.  Correct me if I am wrong but wasn't the Constitution drawn up that way, in case government power got out of control.  

    Trump promised to reduce the current 6.5 per cent deficit to 3 per cent.  That is impossible and even non-economists know this but 5.0 is better than 6.5.  Sure, it won't hit the mark promised and all those 4 year threads will be 6 or 7 years old bumped about how the orange devil failed on his promises.  

    Now I won't go nose to nose with you on this, but it is a thread that can gain some traction, if you can restrain yourself from boxing it peace_5

     

    Reply

    @wallstreetcappers

     

     A message like this really is not educating anyone or giving insight 

    Come on really?  How many of these 4 year old threads about the orange devil keep getting bumped over and over again so now its 50 pages of garbage with maybe a few posts buried in there of substance, but mostly its's just garbage propaganda with a couple of posters square dancing with each other. 

    I know you want to lecture me over this, so what if I reworded 'the Left' with 'If Both sides of the aisle were on board, it would be the greatest thing since sliced bread' would it make any difference?  We all know one side of aisle is for this and the other is against it.

    Here's some insight on this current deficit, before COVID the deficit never topped 1 trillion, now 1 trillion is the halfway mark.  Both major political parties have historically avoided making substantial changes to these mandatory spending programs, so now that it is happening why all this push back??  Because its being done by the wrong party, but more importantly by an outsider.  Correct me if I am wrong but wasn't the Constitution drawn up that way, in case government power got out of control.  

    Trump promised to reduce the current 6.5 per cent deficit to 3 per cent.  That is impossible and even non-economists know this but 5.0 is better than 6.5.  Sure, it won't hit the mark promised and all those 4 year threads will be 6 or 7 years old bumped about how the orange devil failed on his promises.  

    Now I won't go nose to nose with you on this, but it is a thread that can gain some traction, if you can restrain yourself from boxing it peace_5

     

     
    wallstreetcappers
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    Posted: Dec. 12, 2024 - 11:36 AM ET #11

    @soup-can

     Problem is you make it partisan and when you do that there is absolutely zero value you are adding and in fact you take away from the purpose of this forum and site. The deficit is not about Biden or the evil liberal left because it is congress who passes spending bills and it is congress that can stop spending even if the POTUS is a nasty evil leftist socialist. 

    Congress made this deficit, congress has made all the deficits through all the decades of their increases, for you to try and make it out that this deficit is worse and that it is because of Biden and the left is stupid it really is just flat out stupid, it is also combative it adds no value and is a total waste of time.

    I could easily suggest that the deficits under Trump were a multiple more harmful and destructive than those under Biden and I have plenty of logic to support it. Trump had ZIRP where the interest on debt was slashed and is nothing like the interest the government now pays. Did your partisan analysis do a comparison of interest payments from Trump vs Biden? Did the analysis take into consideration the global inflation we are facing or that the pandemic impacted spending? The pandemic was not Biden, inflation is not Biden. Inflation is in every country in the world and some countries it is far worse but funny how partisan lackeys want to act like the entire cause of inflation is Biden and the left.

    Its a waste of time making partisan threads that are not rooted in logic or fact and do not give the proper and accurate full information on a topic. That is why certain threads get tossed out, when a thread is nothing but partisan throw up it serves no purpose. The idea of this forum is not to fight with the other party it is not to try and antagonize other members or tear down a political party for entertainment. Why not try to engage in real conversation instead of this sad sack poor me stuff so you can have open range target practice on the evil left members here?

    Are you really just not interested in conversation just to kick the left? If so please leave and do not continue posting here, go find some ultra right wing hula party reddit group and live your best life there...this is not the place for trashy partisan nonsense.

    Reply

    @soup-can

     Problem is you make it partisan and when you do that there is absolutely zero value you are adding and in fact you take away from the purpose of this forum and site. The deficit is not about Biden or the evil liberal left because it is congress who passes spending bills and it is congress that can stop spending even if the POTUS is a nasty evil leftist socialist. 

    Congress made this deficit, congress has made all the deficits through all the decades of their increases, for you to try and make it out that this deficit is worse and that it is because of Biden and the left is stupid it really is just flat out stupid, it is also combative it adds no value and is a total waste of time.

    I could easily suggest that the deficits under Trump were a multiple more harmful and destructive than those under Biden and I have plenty of logic to support it. Trump had ZIRP where the interest on debt was slashed and is nothing like the interest the government now pays. Did your partisan analysis do a comparison of interest payments from Trump vs Biden? Did the analysis take into consideration the global inflation we are facing or that the pandemic impacted spending? The pandemic was not Biden, inflation is not Biden. Inflation is in every country in the world and some countries it is far worse but funny how partisan lackeys want to act like the entire cause of inflation is Biden and the left.

    Its a waste of time making partisan threads that are not rooted in logic or fact and do not give the proper and accurate full information on a topic. That is why certain threads get tossed out, when a thread is nothing but partisan throw up it serves no purpose. The idea of this forum is not to fight with the other party it is not to try and antagonize other members or tear down a political party for entertainment. Why not try to engage in real conversation instead of this sad sack poor me stuff so you can have open range target practice on the evil left members here?

    Are you really just not interested in conversation just to kick the left? If so please leave and do not continue posting here, go find some ultra right wing hula party reddit group and live your best life there...this is not the place for trashy partisan nonsense.

     
    kcblitzkrieg
    kcblitzkrieg
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    Posted: Dec. 12, 2024 - 12:04 PM ET #12

    I would like someone, anyone, honestly attempt to explain two big sore thumbs in the statement above....

    1.  "Value added in a post"

    Who determines what is "value" and what determines if it really is "valuable" information.  I could list a half dozen THREADS, much less "POSTS" that are absolutely worthless and provide ZERO value, other than to entertain the OP and the lemmings that follow.  So to attempt to degrade someone by telling them they don't provide value, when going "silence" towards the non-debatable worthless threads and posts, is one of Covers many mysteries.  If we aren't going to call out these threads, and on a lesser value posts, that only exist for entertainment purposes (and not discussion or conversation) then why exclude the others that are no different than above ???  

    2.  "Purpose of this forum and site" 

    What is the purpose?  Again, what is the difference between the purpose of this current thread versus ANY other thread, partisan or not, on the first page of this cesspool sub??  

    I'm not talking about double standard of why things are Boxed / not Boxed, that is a different topic.  I'm speaking to the two questions posed and why some are met with the Moderator jumping in to tell you why your post or thread is "not providing value" then absolute silence on other dogshitt zero value threads and posts.  AKA the regurgitation of copy & paste & bump & emoji.  

    I look forward to this honest and worthwhile discussion amongst the sub peace_5

    You will not survive here. You are not a wolf, and this is the land of wolves now...
    Reply

    I would like someone, anyone, honestly attempt to explain two big sore thumbs in the statement above....

    1.  "Value added in a post"

    Who determines what is "value" and what determines if it really is "valuable" information.  I could list a half dozen THREADS, much less "POSTS" that are absolutely worthless and provide ZERO value, other than to entertain the OP and the lemmings that follow.  So to attempt to degrade someone by telling them they don't provide value, when going "silence" towards the non-debatable worthless threads and posts, is one of Covers many mysteries.  If we aren't going to call out these threads, and on a lesser value posts, that only exist for entertainment purposes (and not discussion or conversation) then why exclude the others that are no different than above ???  

    2.  "Purpose of this forum and site" 

    What is the purpose?  Again, what is the difference between the purpose of this current thread versus ANY other thread, partisan or not, on the first page of this cesspool sub??  

    I'm not talking about double standard of why things are Boxed / not Boxed, that is a different topic.  I'm speaking to the two questions posed and why some are met with the Moderator jumping in to tell you why your post or thread is "not providing value" then absolute silence on other dogshitt zero value threads and posts.  AKA the regurgitation of copy & paste & bump & emoji.  

    I look forward to this honest and worthwhile discussion amongst the sub peace_5

     
    wallstreetcappers
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    Posted: Dec. 12, 2024 - 12:07 PM ET #13

    @kcblitzkrieg

     Same reply goes to you, so feel free to 100% take what I said to him and apply it to you because you are in the same situation as he is.

    No need for further discussion you know the pep talk and you fully understand.

    peace_5

    Reply

    @kcblitzkrieg

     Same reply goes to you, so feel free to 100% take what I said to him and apply it to you because you are in the same situation as he is.

    No need for further discussion you know the pep talk and you fully understand.

    peace_5

     
    thirdperson
    thirdperson
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    Posted: Dec. 12, 2024 - 12:33 PM ET #14

    To reduce federal budget deficit requires both tax increases and spending cuts according to Congress budget office.  History shows tax increases work better than spending cuts.  However governments usually become addicted to spending and  fail to restore higher tax rates after tax cuts.

    Reply

    To reduce federal budget deficit requires both tax increases and spending cuts according to Congress budget office.  History shows tax increases work better than spending cuts.  However governments usually become addicted to spending and  fail to restore higher tax rates after tax cuts.

     
    kcblitzkrieg
    kcblitzkrieg
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    Posted: Dec. 12, 2024 - 12:39 PM ET #15

    @wallstreetcappers

     You literally cannot answer either of the two questions.  

    Thank you for the transparency, it is clear as the sky is blue now.  

    You will not survive here. You are not a wolf, and this is the land of wolves now...
    Reply

    @wallstreetcappers

     You literally cannot answer either of the two questions.  

    Thank you for the transparency, it is clear as the sky is blue now.  

     
    BigGame90
    BigGame90
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    Posted: Dec. 12, 2024 - 12:54 PM ET #16

    Quote Originally Posted by thirdperson:

    To reduce federal budget deficit requires both tax increases and spending cuts according to Congress budget office.  History shows tax increases work better than spending cuts.  However governments usually become addicted to spending and  fail to restore higher tax rates after tax cuts.

     

    Do YOU (human being) think large corporations/the "wealthy" would be ok with increasing their taxes IF the gov't was also willing to cut spending until the deficit was at a more reasonable level? How would you go about 0increasing taxes and what would you cut spending on if you were the govt? 

    Can't wait to hear the answer to this...

    Reply

    Quote Originally Posted by thirdperson:

    To reduce federal budget deficit requires both tax increases and spending cuts according to Congress budget office.  History shows tax increases work better than spending cuts.  However governments usually become addicted to spending and  fail to restore higher tax rates after tax cuts.

     

    Do YOU (human being) think large corporations/the "wealthy" would be ok with increasing their taxes IF the gov't was also willing to cut spending until the deficit was at a more reasonable level? How would you go about 0increasing taxes and what would you cut spending on if you were the govt? 

    Can't wait to hear the answer to this...

     
    wallstreetcappers
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    Posted: Dec. 12, 2024 - 1:11 PM ET #17

    @kcblitzkrieg

     As you stated the other day, you do not need more pep talk and frankly you ignore any comments made anyway. We have discussed that topic more than enough times and it is not your place to try and deflect or cry foul by comparing others and your posts/threads. Take care of your own words not worry about someone elses. We have discussed this enough times and there is no purpose to repeat words that you will not listen to anyway.

    peace_5

    Reply

    @kcblitzkrieg

     As you stated the other day, you do not need more pep talk and frankly you ignore any comments made anyway. We have discussed that topic more than enough times and it is not your place to try and deflect or cry foul by comparing others and your posts/threads. Take care of your own words not worry about someone elses. We have discussed this enough times and there is no purpose to repeat words that you will not listen to anyway.

    peace_5

     
    kcblitzkrieg
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    Posted: Dec. 12, 2024 - 1:47 PM ET #18

    LMAO at the one who is "deflecting".  I thought you were smarter than to try to argue your way around this.  You comments previous and above are the very definition of deflecting, but I'm sure you already know this.  

    It's not that you choose not to answer, it is because you cannot without making yourself look a certain way.  A way you wish not to portray but it is too late for that.      

    I'm done.  The die is cast.  Good day sir.     

    You will not survive here. You are not a wolf, and this is the land of wolves now...
    Reply

    LMAO at the one who is "deflecting".  I thought you were smarter than to try to argue your way around this.  You comments previous and above are the very definition of deflecting, but I'm sure you already know this.  

    It's not that you choose not to answer, it is because you cannot without making yourself look a certain way.  A way you wish not to portray but it is too late for that.      

    I'm done.  The die is cast.  Good day sir.     

     
    User854910
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    Posted: Dec. 12, 2024 - 2:22 PM ET #19

    Post Deleted
    Don't let the book set the number
    Reply
    Post Deleted
     
    Raiders22
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    Posted: Dec. 12, 2024 - 2:52 PM ET #20

    @soup-can

    If the Left supported this, it would be the greatest thing since sliced bread. 

     

    This is a very good point.  But it is something I always say about the Democrats, as opposed to the Republicans — they stand united much better in their opposition to policy, just as they do in support of their candidates.

    So, it depends on whether you look at it strictly from an economical viewpoint or if you include a philosophical viewpoint as well.

    Historically, the Republicans do their tax cuts with the full ‘anticipation’ that they will be followed with sending cuts.  Alas, the spending cuts never materialize.  

    You can argue the reasons for this.  But one posited reason is that cutting spending after tax cuts can be spun as desperation, or a sign of failure.  Therefore, some of the sentiment is that they decide to ‘spend’ to garner votes.  

    You saw this with the first year of Reagan, GWB, and Trump.

     

    But the sense of ‘hypocrisy’ is not completely as clear as it seems.  For one, the initial budget is already preset.  This should be able to be changed (but this is another issue).

    Then when tough times come like a Recession or a Pandemic — the fortitude to stick to ‘the plan’ is not there for Republicans.

    There is always a call for Congress to ‘compromise’.  This is always code from Democrats for Republicans to concede and the Republicans always cave in.  Most of this because they will not stand united like the Democrats will do — they rarely ‘compromise’.

     

    Like one guy said: “Republican deficient hawks did not disappear during Trump’s term; they went into exile.”

     

    Of course, there are issues with bucking your own party’s President’s requests, etc.

    But now with Trump’s ‘advisers’ with this new board looking into government waste and ways to cut, there may not be a problem in their own party.  But the Republicans will have a very difficult time convincing Democrats to ‘compromise’ on spending cuts.

    For example, look at the way the media and Left were criticizing the Republicans spending during the Pandemic Recession.  The Democrats ‘urged’ the spending and then turn around and accuse them of being ‘irresponsible’ on spending. 

    You see this on a smaller scale anytime something like this happens.

    Then anytime they attack the Republicans for NOT sticking to their plans to cut — they accuse them of being ‘mean’ for wanting to cut programs that they deem ‘untouchable’.  This is not even the ones that even the Republicans see that way —Medicare, SS, etc.

    On the other hand, it cannot be dismissed how bad the Democrats are on the deficit AND the lack of fortitude from the Republicans to constrain them.

    All of this does not address the economic cycles that the country is in at the time that brings the deficit down some.  For example, the reduction that Obama is often credited with was already baked into the budget.

    This was the same with Biden, for example.  No way it was ever going to stay at $3T post Pandemic Recession spending, etc.

     

    But you are very correct that it would be very nice if both parties in Congress would come together to do this.

    peace_5

    Reply

    @soup-can

    If the Left supported this, it would be the greatest thing since sliced bread. 

     

    This is a very good point.  But it is something I always say about the Democrats, as opposed to the Republicans — they stand united much better in their opposition to policy, just as they do in support of their candidates.

    So, it depends on whether you look at it strictly from an economical viewpoint or if you include a philosophical viewpoint as well.

    Historically, the Republicans do their tax cuts with the full ‘anticipation’ that they will be followed with sending cuts.  Alas, the spending cuts never materialize.  

    You can argue the reasons for this.  But one posited reason is that cutting spending after tax cuts can be spun as desperation, or a sign of failure.  Therefore, some of the sentiment is that they decide to ‘spend’ to garner votes.  

    You saw this with the first year of Reagan, GWB, and Trump.

     

    But the sense of ‘hypocrisy’ is not completely as clear as it seems.  For one, the initial budget is already preset.  This should be able to be changed (but this is another issue).

    Then when tough times come like a Recession or a Pandemic — the fortitude to stick to ‘the plan’ is not there for Republicans.

    There is always a call for Congress to ‘compromise’.  This is always code from Democrats for Republicans to concede and the Republicans always cave in.  Most of this because they will not stand united like the Democrats will do — they rarely ‘compromise’.

     

    Like one guy said: “Republican deficient hawks did not disappear during Trump’s term; they went into exile.”

     

    Of course, there are issues with bucking your own party’s President’s requests, etc.

    But now with Trump’s ‘advisers’ with this new board looking into government waste and ways to cut, there may not be a problem in their own party.  But the Republicans will have a very difficult time convincing Democrats to ‘compromise’ on spending cuts.

    For example, look at the way the media and Left were criticizing the Republicans spending during the Pandemic Recession.  The Democrats ‘urged’ the spending and then turn around and accuse them of being ‘irresponsible’ on spending. 

    You see this on a smaller scale anytime something like this happens.

    Then anytime they attack the Republicans for NOT sticking to their plans to cut — they accuse them of being ‘mean’ for wanting to cut programs that they deem ‘untouchable’.  This is not even the ones that even the Republicans see that way —Medicare, SS, etc.

    On the other hand, it cannot be dismissed how bad the Democrats are on the deficit AND the lack of fortitude from the Republicans to constrain them.

    All of this does not address the economic cycles that the country is in at the time that brings the deficit down some.  For example, the reduction that Obama is often credited with was already baked into the budget.

    This was the same with Biden, for example.  No way it was ever going to stay at $3T post Pandemic Recession spending, etc.

     

    But you are very correct that it would be very nice if both parties in Congress would come together to do this.

    peace_5

     
    wallstreetcappers
    wallstreetcappers
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    Posted: Dec. 12, 2024 - 3:09 PM ET #21

    @kcblitzkrieg

     

     Oh contraire mujere I would never back down from discussing a point even from someone antagonistic and petty like you are. You cannot even control your anger and temper it is flying off the pages here because you think one persons actions or posts or threads validate yours or those you agree with and you use tilted logic to defend your breaking the rules because someone else posts things and that makes it ok for you to as well.

    You told me that you did not need a pep talk when I explained the answer (again) to your complaint the other day. Oh I am the last the very last person on this site to step away from a hot topic but the problem is we have done this so many times and I bring every single thing to the center of the discussion, to the rules and guidelines of the site and you cannot refute it you rationalize it from what someone else did or does and that will never stick with me or the site. Your words threads comments stalking attacking combative content is yours alone not related to anyone else but you. That is the answer there is no other answer. The biggest problem you have and cannot get over even though we have discussed it to death is that one group here discusses topics and they talk amongst themselves over and over, that annoys the pants off you and you feel that validates your posts and actions. The problem is they are not breaking the rules in doing this where you are breaking the rules when you turn your words and anger and attacks and stalking to a member directly. That group does not engage with YOU and slander, abuse, attack, belittle, antagonize YOU as a member directly...and in the end THAT is the most important aspect of this conversation. Your side and you directly seem unable to co-exist with  the other group and just ignore them and let them have their threads and their comments and their group...just them and not you. That is why I suggested to you and to most all of your other similar buddies that this forum is not suited for what you are seeking and that you should avoid posting here since you cannot do so and not break the rules member to member. 

    Ive also said that to some on the other side and the difference is that those people got it and decided to avoid those threads and people who make it difficult for them and stopped breaking the rules and guidelines in the process.

    Its cute seeing you try to suggest I wont discuss a topic, in this case I did again but you told me you did not need a pep talk and frankly again you will not listen anyway you are stuck on your mindset and agenda and you rationalize using inaccurate and flawed thinking so why should you even suggest we should discuss this again?

    Step away from the issues and avoid those members and threads that bother you and if it is that difficult just go find a reddit forum that fits your needs and let it out there!

    peace_5

    Reply

    @kcblitzkrieg

     

     Oh contraire mujere I would never back down from discussing a point even from someone antagonistic and petty like you are. You cannot even control your anger and temper it is flying off the pages here because you think one persons actions or posts or threads validate yours or those you agree with and you use tilted logic to defend your breaking the rules because someone else posts things and that makes it ok for you to as well.

    You told me that you did not need a pep talk when I explained the answer (again) to your complaint the other day. Oh I am the last the very last person on this site to step away from a hot topic but the problem is we have done this so many times and I bring every single thing to the center of the discussion, to the rules and guidelines of the site and you cannot refute it you rationalize it from what someone else did or does and that will never stick with me or the site. Your words threads comments stalking attacking combative content is yours alone not related to anyone else but you. That is the answer there is no other answer. The biggest problem you have and cannot get over even though we have discussed it to death is that one group here discusses topics and they talk amongst themselves over and over, that annoys the pants off you and you feel that validates your posts and actions. The problem is they are not breaking the rules in doing this where you are breaking the rules when you turn your words and anger and attacks and stalking to a member directly. That group does not engage with YOU and slander, abuse, attack, belittle, antagonize YOU as a member directly...and in the end THAT is the most important aspect of this conversation. Your side and you directly seem unable to co-exist with  the other group and just ignore them and let them have their threads and their comments and their group...just them and not you. That is why I suggested to you and to most all of your other similar buddies that this forum is not suited for what you are seeking and that you should avoid posting here since you cannot do so and not break the rules member to member. 

    Ive also said that to some on the other side and the difference is that those people got it and decided to avoid those threads and people who make it difficult for them and stopped breaking the rules and guidelines in the process.

    Its cute seeing you try to suggest I wont discuss a topic, in this case I did again but you told me you did not need a pep talk and frankly again you will not listen anyway you are stuck on your mindset and agenda and you rationalize using inaccurate and flawed thinking so why should you even suggest we should discuss this again?

    Step away from the issues and avoid those members and threads that bother you and if it is that difficult just go find a reddit forum that fits your needs and let it out there!

    peace_5

     
    soup-can
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    Posted: Dec. 12, 2024 - 5:05 PM ET #22

    I didn't say the word Biden anywhere here, and I didn't say the left was responsible for the deficit.  What I did say was the left is against this overhaul on spending.  I haven't read all responses due to work restraints but it looks like Wall is making this into an arguing point

    go figure

    Reply

    I didn't say the word Biden anywhere here, and I didn't say the left was responsible for the deficit.  What I did say was the left is against this overhaul on spending.  I haven't read all responses due to work restraints but it looks like Wall is making this into an arguing point

    go figure

     
    wallstreetcappers
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    Posted: Dec. 12, 2024 - 5:35 PM ET #23

    @soup-can

     The fact you said the left is against cutting spending is the same thing I am just using a word or two in a different way. The left is no different than the right as to spending because the spending isnt really about the party. Both parties are enslaved to lobbyists, PACS, corps every single politician. 

    The only difference between right and left is which group they serve...which corporation and special interest they serve, which lobby do they owe and which group of people have power over them to force their voting and scheming as politicians.

    If you in full seriousness think the left is any different than the right with regards to spending you need to do more research. Congress is not lopsided as to party, all politicians are enslaved and forced to spend for those groups that own them.

    It has zero to do with right vs left and as I mentioned earlier, Musk is one of the worst corporatists that there are, his entire fortune and corporate path is 100% due to him taking advantage of government subsidies and ZIRP, without freebies, carbon credits and ZIRP Musk would be on a different hustle pitching a different scheme as that is his personality but Tesla would not exist without a decade plus of taxpayer funded handouts. He is the last person who should be in any government process, and his pal the hedge fund huckster is no different. What a joke.

    Reply

    @soup-can

     The fact you said the left is against cutting spending is the same thing I am just using a word or two in a different way. The left is no different than the right as to spending because the spending isnt really about the party. Both parties are enslaved to lobbyists, PACS, corps every single politician. 

    The only difference between right and left is which group they serve...which corporation and special interest they serve, which lobby do they owe and which group of people have power over them to force their voting and scheming as politicians.

    If you in full seriousness think the left is any different than the right with regards to spending you need to do more research. Congress is not lopsided as to party, all politicians are enslaved and forced to spend for those groups that own them.

    It has zero to do with right vs left and as I mentioned earlier, Musk is one of the worst corporatists that there are, his entire fortune and corporate path is 100% due to him taking advantage of government subsidies and ZIRP, without freebies, carbon credits and ZIRP Musk would be on a different hustle pitching a different scheme as that is his personality but Tesla would not exist without a decade plus of taxpayer funded handouts. He is the last person who should be in any government process, and his pal the hedge fund huckster is no different. What a joke.

     
    User854910
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    Posted: Dec. 12, 2024 - 5:47 PM ET #24

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    User854910
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    Posted: Dec. 12, 2024 - 5:52 PM ET #25

    Post Deleted
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