Trump Signs Defense Bill Creating US 'Space Force' - Page 4 - Graybeard Outdoors
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post #31 of 37 (permalink) Old 12-26-2019, 10:15 AM
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Practically everyone on this forum is old enough to be getting screwed badly by the policies and practices resulting from having national debt taking the form of runaway inflation like this. All of your money and other assets are at greater risk than they would otherwise be. You are the target. Your interests are being swept aside to maintain high rates of uncontrolled spending and maintaining interest rates that won't bankrupt the government in the short term.

There is no political will to change the situation, and only a massive crisis will trigger any kind of change. And only then out of dire necessity...was the thanks Jimmy got for letting the Ayatollah take over in place of thebSAhah !

This good economy won't last. Improvements in the debt situation should be made now because they can't be made when somebody like Ben bernanke resumes printing money faster than the ink can dry.
Agreed; the debt has climbed since Pres Trump took office. The debt is what..22T or23T ! The only consolation is that our net worth so to speak, is 28.5 K and climbing.

Yes, there is a D-Day coming unless something changes...and we who are on a fixed income could be seriously hurt by inflation. Surely, most of us can recall the Carter/oil embargo days when interest rates rose to 20-21%.

Before that inflation hit, I had enough in a bank account to buy a second house outright. By the time it was over..that same money would about make a decent down payment on one.

That oil embargo by Iran and the rest of OPEC, was the thanks Jimmy got for essentially dumping the Shah in favor of the mad Ayatollah..

Oh yes..another stroke of gratitude from the Ayatollah, was taking captive of our entire Teheran embassy staff, and holding them for nearly a year and a half, until the election of R. Reagan freed them.

Yes; our spending is too high, but this president is the first one in my memory, to cut the useless departments in government.

Surely, defense is more important than "endowment for the arts", federal education dept. roadblocks,
or any other federal "pork programs".

https://investinganswers.com/article...rnment-funding

https://www.politico.com/magazine/st...-coburn-103189

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If everyone is thinking alike, then somebody isn't thinking.. (Gen George S. Patton)

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post #32 of 37 (permalink) Old 12-26-2019, 04:44 PM
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Perhaps you haven't noticed that the debt is still climbing at an unsustainable rate. Ask yourself what the debt was when Trump took office and what it is now.
Practically everyone on this forum is old enough to be getting screwed badly by the policies and practices resulting from having national debt taking the form of runaway inflation like this. All of your money and other assets are at greater risk than they would otherwise be. You are the target. Because you are old-- near or over 60-- and irrelevant, your interests are being swept aside to maintain high rates of uncontrolled spending and maintaining interest rates that won't bankrupt the government in the short term.

There is no political will to change the situation, and only a massive crisis will trigger any kind of change. And only then out of dire necessity. And then with the usual incompetence and inefficiency of Congress.

This good economy won't last. Much of the opportunity has already been squandered. Improvements in the debt situation should be made now because they can't be made when somebody like Ben bernanke resumes printing money faster than the ink can dry. When that happens, the debt will rise from twenty odd trillion to fifty trillion practically overnight. We're on track for that happening within five years.

If you want to see what Donald trump looks like when he's got a helpless deer in the headlights expression on his face, just wait. It will come.

In the meantime, enjoy earning two dollars interest per year on every ten thousand dollars you have in a low risk savings account.
This is suitable for framing. Deficit spending has been a truly bipartisan effort in our lifetime. It's not something that we can only blame on Democrats. Republicans have boned us almost as bad the Democrats.

Liberal Logic 101:
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post #33 of 37 (permalink) Old 12-26-2019, 05:48 PM
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If trump is re-elected, everything good he's done will be erased so fast it will make your head spin if he doesn't aggressively work to reduce national debt. So far, he has been part of that problem, most notably with his insistence to keep fed interest rates low. That may be ok for a first term president inheriting an Obama economy and its inherent business pessimism, but it won't work if he's re-elected. If the debt problem continues to fester, the Democrats and deep staters won't have to try to get trump kicked out of office, everybody in the whole country will want him gone, and his legacy as a president will be sh*t canned worse than carters or Clinton's.
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post #34 of 37 (permalink) Old 12-27-2019, 09:00 AM
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If trump is re-elected, everything good he's done will be erased so fast it will make your head spin if he doesn't aggressively work to reduce national debt. So far, he has been part of that problem, most notably with his insistence to keep fed interest rates low. That may be ok for a first term president inheriting an Obama economy and its inherent business pessimism, but it won't work if he's re-elected. If the debt problem continues to fester, the Democrats and deep staters won't have to try to get trump kicked out of office, everybody in the whole country will want him gone, and his legacy as a president will be sh*t canned worse than carters or Clinton's.
I totally agree which is why I mentioned him campaigning on reducing the debt. He's already been a major failure on the 2nd Amendment (did you notice he just signed a spending bill allocating 25 million for "gun violence research"?) and so far has been a major failure on reducing the debt. He could have taken a stand with the government shutdowns but like all good Republicans he caved to the Democrats.

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Americans shall be required to submit to a background check to exercise a right already guaranteed by the 2nd Amendment while any foreigner shall be allowed into America without submitting to a background check.



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post #35 of 37 (permalink) Old 12-27-2019, 10:16 AM
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And, this including the republican congress, they failed to repeal and replace obamacare, which continues to determine the high cost of health insurance. Big premiums for poor coverage. A total cash cow for the insurance industry.
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post #36 of 37 (permalink) Old 12-27-2019, 11:12 AM
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And, this including the republican congress, they failed to repeal and replace obamacare, which continues to determine the high cost of health insurance. Big premiums for poor coverage. A total cash cow for the insurance industry.
"this including the republican congress, they failed to repeal and replace obamacare, which continues to determine the high cost of health insurance."

^^^THIS^^^ John McCain's 'legacy" !

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post #37 of 37 (permalink) Old 12-28-2019, 02:10 AM
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If we really need a new government agency, it seems to me that we could discontinue a bunch of useless federal agencies to keep costs down.
I submit that we zero-out the budget for the ATF and make Class III items under the law the same as semi-autos and revolvers. No magazine-capacity limits, as well...
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