He paid off $450B to $600B of the debt held by the public, AND we had a surplus. He said he paid off all that there was to pay off. And you have a problem with reading comprehension. I did not say "paid off."
Sure Denny. Bush debt good, Obama debt bad. I guess that's covered in that "Partisanship for Dummies" book you keep recommending? barfo
What a gift for logic you do not have. All debt is bad, W spent like a drunken sailor. Nowhere near as bad as Obama, but he did. No go read the economics for dummies book if you want to speak with any authority at all about economics.
I assume you've read the book you are recommending, yet you speak with no authority. So... maybe it's not that good. Or you were holding it upside down? barfo
I read lots of books on economics, and took classes in college. It seems like you'd hold the book upside down. Or you just make shit up.
barfo, Are you smarter than a 5th grader? http://www.wsj.com/articles/SB10001424052748703561604575282190930932412 Are You Smarter Than a Fifth Grader? Self-identified liberals and Democrats do badly on questions of basic economics. ... Zogby researcher Zeljka Buturovic and I considered the 4,835 respondents' (all American adults) answers to eight survey questions about basic economics. We also asked the respondents about their political leanings: progressive/very liberal; liberal; moderate; conservative; very conservative; and libertarian. ... Yet on every question the left did much worse. On the monopoly question, the portion of progressive/very liberals answering incorrectly (31%) was more than twice that of conservatives (13%) and more than four times that of libertarians (7%). On the question about living standards, the portion of progressive/very liberals answering incorrectly (61%) was more than four times that of conservatives (13%) and almost three times that of libertarians (21%). The survey also asked about party affiliation. Those responding Democratic averaged 4.59 incorrect answers. Republicans averaged 1.61 incorrect, and Libertarians 1.26 incorrect.
Here's an interesting link to countries that owe the US and there are others about debts we've forgiven or restructured. http://pdf.usaid.gov/pdf_docs/PCAAA486.pdf
China's economy is tied to the hip by the US consumer....they need us to succeed in order to maintain their own growth. I'm not worried about them at all in terms of debt..they would be biting the hand that feeds them. China can build shit really fast but in my experience, they don't maintain it after it's built. A huge number of CEOs in China are actually from Taiwan and Honk Kong. They lack resources and have mismanaged their environment for thousands of years..we're the food basket. That's a pretty good bargaining chip is politics get dicey..it's also why they'll never invade Taiwan which would take them about 15 minutes to conquer.
I know, Denny. You like things that reinforce your preconceptions. Soon it will be time once again to 'unskew' the polls. Enjoy! barfo
Because a shit ton of our GDP is generated by federal spending. They hire contractors, they buy shit, they build shit. When people talk about cutting government spending what do you actually think that means? It's not just cutting a bunch of dead-weight federal employees (and yes there are a lot of them). Does that mean I think we can sustain our current spending levels? Fuck no, but we have a problem that needs a gradual reduction over time to avoid "shocking" the economy. We got ourselves into this mess over a long period, it's going to take a long time to get out of it - there won't be any quick-fix solutions. This is the main reason I trust Johnson over Trump, his temperament seems less erratic and he actually has experience governing. Trump's good for what? Swindling people in his sham of a university and declaring bankruptcy a bunch of times. No thanks.
Government taxes 10 guys making $100K, $10K each to pay one contractor $100K. I'm not sure government enhances GDP via general spending. Maybe on something like roads, which are leveraged by private industry like Amazon or FedEx. If government borrows $1T and spends it, GDP is $1T bigger. If the $1T is spent on food, it turns to feces.
No. The polls say whatever they say. The last few days the polls haven't been as good for my candidate, but you haven't heard me trying to suggest reasons why they should be ignored. barfo
D'oh. Your kind whines plenty. https://www.washingtonpost.com/news...-polls-may-be-larger-than-it-seems-heres-why/ https://www.washingtonpost.com/blog...the-problem-with-modern-polling-in-one-chart/ http://www.huffingtonpost.com/brian-stryker/can-we-trust-polls-withou_b_4880127.html
Denny, Denny. There you go again. I am a precious pretty pink pony, there are no others of 'my kind'. I stand alone at the canyon rim, my mane blowing in the warm breeze. I am alone, content yet watchful. A bird chirps. A bee buzzes. Then all is quiet again. barfo
All I'm saying is that government spending does need to be reduced and taxes could also stand to be reduced, but it needs a gradual draw down and carefully considered cuts -- sort of like an addict going through detox.
