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Joe Biden's America

Discussion in 'BBS Hangout: Debate & Discussion' started by SuraGotMadHops, May 12, 2021.

  1. StupidMoniker

    StupidMoniker I lost a bet

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    No, because I would cut spending to match the reduction in income.
    You are confusing deficit with debt. Debt has interest tied to it. Deficit is the gap between how much you are spending and how much you have to pay. The minimum amount you can send out is zero. Therefore, any deficit must be based on spending more than zero. Whatever amount you bring in, if your spending outpaces that, you have a deficit. Because you cannot bring in less than zero, any deficit must be as a result of spending.
    I suppose one could say that because of outstanding debt obligations, the deficit is already there. So, we would have to generate enough revenue to pay off our debts. Of course, that is just due to prior spending. All other spending is a choice. The federal government's actual Constitutional responsibilities can be paid for with tariffs, use fees, fines, etc. You can tell by the way we went 100 years without a federal income tax. We can sell or lease federal property to pay off existing debt. As for transportation and safety, I covered that earlier, but it would be largely privatized and/or run at the state or local level (where all the police, roads, etc. are already run and paid for).[/QUOTE]
     
  2. Invisible Fan

    Invisible Fan Member

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    Is this deja vu?
     
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  3. FranchiseBlade

    Supporting Member

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    Yep. It definitely is. I think once every couple of years, we'll have this same exchange.
     
  4. King1

    King1 Member

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    I confuse you with NewRoxFan. Guilty as charged.
     
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  5. Amiga

    Amiga Member

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    Yea, it's no fluke. And if you look at the economy, it has performed better under Democratic administration than Republican administration over the last ~90 years (even if you take out the depression). What's interesting are the reasons why there is such a big difference (a huge topic on its own) and the perception by the public that Republicans are better than Democrats for both the deficit and the economy when that's not the case.
     
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  6. Invisible Fan

    Invisible Fan Member

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    Republicans love pork as much as Dems.

    But they're shy and demure about it and need to be coaxed behind closed doors like any respectable Southern Belle.
     
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  7. tinman

    tinman 999999999
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    What happened to that dude ?
    He always so much Fox News
    Thought he worked for them
    @Os Trigonum
     
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  8. SuraGotMadHops

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    So why was it considered racist and xenophobic when Trump was doing it?
     
  9. FranchiseBlade

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    The wall itself was not considered racist. Trump wanted a continuous wall which created all sorts of problem for land owners, wildlife, etc. It wasn't efficient, Trump took away money from people who could process the any refugee asylum seekers quicker, and his other handling along with a pattern of talk, trust in Stephen Miller etc. gave rise to some of that speculation.
     
  10. JuanValdez

    JuanValdez Member

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    What a quaint worldview.
     
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  11. jiggyfly

    jiggyfly Member

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    [/QUOTE]

    The deficit is debt in this conversation, the fact that you are talking with both sides of your mouth about that shows that you don't even have a point and want to drown me out with words.

    Transportation and Safety are largely run at the state level and states still have deficits and debts, you are not even trying to make sense anymore.
     
  12. Amiga

    Amiga Member

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    Yea, spending is generally the same. The main difference in why Dem have done better is in economic ideology. Rep generally believe in trickle-down economics. Dem generally believe in trickle-up economics. As I said, a big topic on its own.
     
  13. StupidMoniker

    StupidMoniker I lost a bet

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    The deficit is not debt. The deficit creates debt. The debt is a different thing then the deficit. The debt is how much money America owes without any spending based on past borrowing. The deficit is spending - revenue. You could have no deficit this year, and there would still be a huge debt.
     
  14. jiggyfly

    jiggyfly Member

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    Ok if you say so.:rolleyes:

    Not going to let you get me into a battle of semantics but I will say this if you have no deficit this year then you would have a year that you did not accrue any more debt.

    It's amazing how you just make **** up to fit your definition.
     
  15. StupidMoniker

    StupidMoniker I lost a bet

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    Understanding the National Debt | U.S. Treasury Fiscal Data
    Did I make it up on behalf of the Treasury Department and post it on their website?
     
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  16. tinman

    tinman 999999999
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    Aren't we securing the Canadian border because of the cartels and sex traffickers ?
    how are we going to keep out Rocky and Bulwinkle?
    @basso
     
  17. jiggyfly

    jiggyfly Member

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    LOL!

    What the hell do you think that link proves?

    Nothing in that link disproves what I said.

    Nope not going to play your game.
     
  18. basso

    basso Member
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    invading Canada on my own in a few weeks; will let you know what I find.
     
  19. StupidMoniker

    StupidMoniker I lost a bet

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    The link says the debt and the deficit are exactly what I said they are, which you accused me of making up.
    You said the deficit and the debt are the same thing, and that me saying they were different showed that I don't have a point:
    Clearly, they are not the same thing, I did have a point, and you cannot admit you were wrong.
    My game is discussing a topic in a forum for which that is the explicit purpose. If you don't want to play that game, I don't know what you are doing here.
     

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