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Final BUDGET DEFICIT for 2020 $3.13 Trillion as National Debt over $27 Trillion.

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Oct 16, 2020.

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  1. 61falcon

    61falcon Well-Known Member

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    The final result for the over budget spending for 2020 shows we overspent the projected budget by $3.13 TRILLION, more than twice the prior record of $1.4 TRILLION set by the Obama administration following the 2008 recession.Our National debt is now well over $27 Trillion and may reach $28 before year end.
     
    61falcon, Oct 16, 2020
    #1
  2. Reiver

    Reiver Well-Known Member

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    Wouldn't overspend be a sign of some appropriate reaction to the pandemic?
     
    Reiver, Oct 16, 2020
    #2
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  3. 61falcon

    61falcon Well-Known Member

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    As was the record it broke to the 2008 recession.
     
    61falcon, Oct 16, 2020
    #3
  4. Have at it

    Have at it Banned

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    400 billion of it was interest on Obama's Quantitative easing (you didn't think that money was free, right?)
     
    Have at it, Oct 16, 2020
    #4
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  5. 61falcon

    61falcon Well-Known Member

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    I also know you are dead wrong!!!
     
    61falcon, Oct 16, 2020
    #5
  6. Reiver

    Reiver Well-Known Member

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    Please don't go back to your pretend knowledge of economics ;)
     
    Reiver, Oct 16, 2020
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  7. Have at it

    Have at it Banned

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    You ever figure out what a living wage is? It's been 5 days already...still waiting.
     
    Last edited: Oct 16, 2020
    Have at it, Oct 16, 2020
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  8. Reiver

    Reiver Well-Known Member

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    Hahaha! Thats feeble. Why don't you try and defend your free money comment? Surely, given your Econ 101, you will refer to money illusion?
     
    Last edited: Oct 16, 2020
    Reiver, Oct 16, 2020
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  9. Have at it

    Have at it Banned

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    Don't ask a question with a question...
     
    Have at it, Oct 16, 2020
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  10. Reiver

    Reiver Well-Known Member

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    Hahaha, spamming now aren't you? Lets ask again. Are you applying Friedman's 101 or are you going to give something more relevant?
     
    Reiver, Oct 16, 2020
    #10
  11. kriman

    kriman Well-Known Member Past Donor

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    61falcon would have preferred that no stimulus checks went out and then he could have complained that people were starving to death.
     
    kriman, Oct 16, 2020
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  12. Reiver

    Reiver Well-Known Member

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    So you're saying that the government's role is very much about stimulus when required?
     
    Last edited: Oct 16, 2020
    Reiver, Oct 16, 2020
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  13. 61falcon

    61falcon Well-Known Member

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    And exactly what is a so called stimulus check, why that would be socialism???
     
    61falcon, Oct 16, 2020
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  14. Chrizton

    Chrizton Well-Known Member

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    So we would have had a balanced budget but for the covid stimulus that the dems want even more of....
     
    Chrizton, Oct 16, 2020
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  15. 61falcon

    61falcon Well-Known Member

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    DREAM ON!!!
     
    61falcon, Oct 16, 2020
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  16. Reiver

    Reiver Well-Known Member

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    What is the economic rationale behind a balanced budget? ;)
     
    Reiver, Oct 16, 2020
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  17. Chrizton

    Chrizton Well-Known Member

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    The same one as an unbalanced budget. The only difference being who gets to decide how the money is spent.
     
    Chrizton, Oct 16, 2020
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  18. Reiver

    Reiver Well-Known Member

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    You've said naff all. Is this a deliberate tactic?
     
    Reiver, Oct 16, 2020
    #18
  19. Chrizton

    Chrizton Well-Known Member

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    I don't know what "naff" means. Perhaps there isn't an english equivalent.
     
    Chrizton, Oct 16, 2020
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  20. Reiver

    Reiver Well-Known Member

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    I love the irony. I don't love the lack of content.
     
    Reiver, Oct 16, 2020
    #20
  21. Chrizton

    Chrizton Well-Known Member

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    Then offer some, which so far, you have not.
     
    Chrizton, Oct 16, 2020
    #21
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  22. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Yay! If only Americans united and held government accountable. While we are busy fighting among each other, they spend like thieves with stolen credit cards.
     
    Doofenshmirtz, Oct 16, 2020
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  23. Reiver

    Reiver Well-Known Member

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    I referred to your comment "balanced budget". Could you give an economic rationale in terms of what that means? Cheers
     
    Reiver, Oct 16, 2020
    #23
  24. Chrizton

    Chrizton Well-Known Member

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    It means the government takes all the money and spends all the money, <COMMENT EDITED>.
     
    Last edited by a moderator: Oct 18, 2020
    Chrizton, Oct 16, 2020
    #24
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  25. ronv

    ronv Well-Known Member

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    Excuse me but...
    :roflol:
     
    ronv, Oct 16, 2020
    #25
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