Federal debt explodes by $1 trillion in five weeks since deal suspending limit became law

Incorrect — you do realize that people can see your post history, correct?


I answered your original question of “Which side was fighting for the unlimited debt ceiling and higher debt?” — Republicans only fight for this when they are not in control as red meat to the red hats.

So your turn.

 

You would be correct….but they didn't have the deficits which add to the debt. They paid for what they spent.

The dem house added $1.4 trillion, the last 2 years they added $7.9 Trillion…….

 

Dems were in charge of both this year's and last year's deficit.

 

Sorry if that was confused, but the “last 2 years” (2020-2021) in my post was of the Trump administration, when they had a republican majority

 

Oh, so all those Republican deficits never happened ? And they don't have any effect on the current National Debt ?

Dream on !
Just like you keep repeating the false statement that Clinton entered into a plea bargain yet you can't produce a record of a plea in any court in the country,
you can't show a Republican president who left office with a surplus.

Now that we have established that Republicans have exploded the debt through deficit spending and borrowing, which side do you support in this budget deal ?

LMAO

 

I didn't buy my home from a bank, banks do not build homes, they own them indirectly, due to mortgages, but they sell most of those so even that is a temporary situation. They're also not in the business of building apartments, capsule hotels, or any other form of housing.

So... Try again, please. Explain it to me like I'm 5, because of all the industries out there, housing is close to the last I would label as monopolistic due to the fact that there are literally tens of thousands of builders, sellers, owners, etc. out there, not just one. Or even three.

 

They cause the housing market to rise and fall. The 2008 housing collapse was completely caused by banks and Wall Street. Terrible lending practices & placing bets that the housing market would collapse are two very specific ways that they screwed it up for the rest of us.

 

So you agree they passed Bill Clinton's budget.

Cool.

 

He had to sign them. He had the final say.

Bill Clinton's budgets.

 

No, I don’t. In fact they said nope to his budgets and passed their own budgets. Good to see you finally see there were surpluses while the purse was controlled by those crappy GOP’ers. The crappy DNC’ers should try that. The modern day crappy GOP’ers should too.

 

Nope. He doesn’t have final say. He doesn’t have to sign anything. He says no it can always be overridden. That’s it for your civics lesson today.

And no, they weren’t Clinton’s budgets. All budgets are congressional. I really don’t know why they even make the executive present a budget. Unless the parties in congress and in the executive are the same, whoever controls congress will get their budget passed.

 

You voted for Trump's deranged spending. Trump could have vetoed the spending. He did not. I did not vote for either Trump or Clinton. YOU own Trump's debt.

 

No doubt. Ever since Congress traded actual legislating for the career security of merely bank rolling the Admistrative State in the 60s, all they can do to look like they're doing something worthwhile is vote to spend ever more money.

Until the whole thing collapses like Venezuela anyways.

 

That makes zero sense.

First, the only thing banks even might be responsible for in terms of the rising and falling of the RE market is keeping/causing prices to fall IF they raise interest rates, but... They can't. Why? Too much competition! If I want a mortgage and have decent credit (which I don't due to medical expenses and the fact I went from well employed to unable to work suddenly and unexpectedly), I can, and have gotten quotes from multiple lenders, which led to me getting what was, at the time, a great rate. Only the Fed has any real impact on retail borrowers interest charges as they are a monopoly, at least of sorts.

Second, the banks themselves got crucified during the '08 crisis, which was largely caused by liar loans that were given out to people betting that the market would continue rising, and that they would be able to refinance when their loans were due to reset or have a large balloon payment due. However, once those cards started tumbling, the whole house collapsed and meant they lost that bet, and in many cases, they quite literally lost the entire bank! They weren't betting on a collapse, they were hurt when it happened. Not being a banker, I can only report what I was told at the time, and they reported that they felt forced, by... government (imagine that, eh?) to give loans to more minorities whether or not they were actually qualified. I'm not in a position to confirm or deny that, but it sounds very believable, and I tend to think it's probably accurate.

 

We can just cut Israel of from the US's tit, and let that country stand on it's own feet for a change.
That's a 2.5 billion bucks a year saved right there. Not too shabby.

 

Undoubtedly the truth.

 

Bill Clinton's budget. Sorry, but that's a fact.

 

Did you support rhe fiscal restraint side or the unlimited debt side this last debt deal?

 

It wasn't overridden.

It was Bill Clinton's budget. deal with it.

 

Never a Clinton budget he wanted even higher sending than Congress authorized.

 

I didn't vote for him and opposed bis last stimulus spending.

So you admit you support more debt and higher deficts.

 

He had no choice his oqn politicl adviser told him either get on board with the Reps or you will not win reelection. What do you think "Triangulaion" was all about? He had RAISED taxes especially capgains and slowed an economic recovery and slowed tax revenue growth. He oppose welfare reform and wanted higher sending. Those were Gingrich and Kasch budgets and welfare reform and supply-side tax rate cuts.

Were you even around then.

 

Quote me saying that.

 

Go back one more post. And dodged an answer to THIS debt deal and I proved you wrong anyway.

Ball in your court.

 

And I answered it — “Republicans only fight for this when they are not in control as red meat to the red hats.” Republicans are not in control so they are fighting for it currently. The moment they gain control they will start fighting for more tax cuts for the very wealthy at the cost of trillions

Scared to answer the question?