>One day after assuring Americans he is not running for president “to make things unstable for the country,” the presumptive Republican nominee, Donald J. Trump, said in a television interview Thursday that he might seek to reduce the national debt by persuading creditors to accept something less than full payment.
>Asked whether the United States needed to pay its debts in full, or whether he could negotiate a partial repayment, Mr. Trump told the cable network CNBC, “I would borrow, knowing that if the economy crashed, you could make a deal.”
>Such remarks by a major presidential candidate have no modern precedent. The United States government is able to borrow money at very low interest rates because Treasury securities are regarded as a safe investment, and any cracks in investor confidence have a long history of costing American taxpayers a lot of money.
>Pressed to elaborate on his remarks, Mr. Trump did appear to step back. He said that he was not suggesting a default, but instead that the government could seek to repurchase debt for less than the face value of the securities. The government, in other words, would seek to repay less money than it borrowed.
So, is "the full faith and credit of the United States Government" just a meme that Trump will finally end? Is the best way to pay off our debt to negotiate a partial default? Is that a deal he can get?
http://nyti.ms/26ZpRdM
Let's keep in mind, the non-partisan Tax Policy Center's analysis says Trump's tax plan will create 9.5 trillion in new debt, on top of our existing deficit.
http://www.taxpolicycenter.org/publications/analysis-donald-trumps-tax-plan
The independent, but right-wing-leaning Tax Foundation's analysis says that he will create 10.14 trillion in new debt, even when you account for growth
http://taxfoundation.org/article/details-and-analysis-donald-trump-s-tax-plan
http://www.washingtonexaminer.com/foxs-wallace-slams-trumps-budget-plan-in-debate-fact-check/article/2584924
We could always just spend less.
>>73307730
Pretty sure Trump doesn't know how to do that.
>>73307672
>>73307730
That's not Trump's plan though. He's repeatedly promised not to cut Social Security or medicare, and will increase military and defense spending.
>>73307847
You'd know, right?
>>73307934
Shh. These right wing retards don't like facts.
>>73307934
Welp. Welcome to the mess, then.
We could always just elect Hernie. That would definitely fix everything.
Or Clinton. I'm sure she's gonna fix eeeeeverything as well.
>>73307943
Good one, chief.
>>73307672
yea except Trumps absolutely right. Tie the financial parasites easy profits to the success of our American economy and you'd be surprised just how fast 'miraculous' economic recovery occurred in the U.S.
>>73308103
The US has more than just income tax, Leaf.
People always act like economists are some kind of worthwhile predictive authority, when in reality they're hardly more accurate than astrologers. Economists have been wrong about basically everything for the past 80 years, and before that they were just guessing and sometimes hitting the mark. Why should I trust anything they have to say?
Analysis of Donald Trump's Tax Plan
http://www.taxpolicycenter.org/publications/analysis-donald-trumps-tax-plan
>>73308227
Trump is going to reduce taxes by $12 TRILLION and blow up the deficit.
Like Republicans always do.
>>73307914
You're just an idiot. I love mocking you retards.
>>73308284
For internet fights over politics, of course.
Well, everyone knows that your economy will crash. Most Americans are just too afraid to admit it.
Sad but you guys basically fucked it up.
>he might seek to reduce the national debt by persuading creditors to accept something less than full payment.
It does work though assuming you convince the creditor that you're experiencing a legitimate financial hardship and only through debt settlement will they get your money.
t. debt specialist
>>73308376
Oh god fuck off.
There's more taxes than just income tax. For fuck's sake.
>>73307847
You'd know right?
Its all OVER boys. TRUMP has destroyed all of the GOP contenders. Now its time to "Start me up" against WAR CRIMINAL Hillary Rodham Clinton!
https://www.youtube.com/watch?v=oBze2CPbMPU
>>73308103
Looks good to me, my tax rate willl go down 16%
>>73308460
>Repurchasing debt is a fairly common tactic in the corporate world, but it only works if the debt is trading at a discount. If creditors think they are going to get 80 cents for every dollar they are owed, they may be overjoyed to get 90 cents. Mr. Trump’s companies had sometimes been able to retire debt at a discount because creditors feared they might default.
>But Mr. Trump’s statement might show the limits of translating his business acumen into the world of government finance. The United States simply cannot pursue a similar strategy. The government runs an annual deficit, so it must borrow to retire existing debt. Any measures that would reduce the value of the existing debt, making it cheaper to repurchase, would increase the cost of issuing new debt. Such a threat also could undermine the stability of global financial markets.
>In 1979, for example, what the government described as “bookkeeping problems” temporarily delayed $120 million in interest payments. In the aftermath of the delay, investors pushed up interest rates on Treasuries by about 0.6 percentage point, according to a 1989 study by Terry L. Zivney of the University of Tennessee at Chattanooga, and Richard D. Marcus of the University of Wisconsin-Milwaukee. That cost taxpayers roughly $12 billion.
>In 2011, federal borrowing costs climbed as congressional Republicans refused for a time to increase the federal government’s statutory borrowing limit, raising doubts about the government’s ability to repay its debts. The Bipartisan Policy Center calculated that the higher rates will cost taxpayers about $19 billion.
If the Tax Foundation and Tax Policy Center are so smart, why don't they propose a model tax plan of their own?
>>73307672
Tax Policy Center are True Conservatives ™
It's not a partial default you retard. I had a car accident and had to pay the excess, which was $500. I am not a rich man, so I paid in installments. About halfway through the installments the insurance company sent me a letter saying they'd reduce it to $350 if I paid the remainder immediately.
You don't say "we can't pay all of it but here's what we can pay" you say "we can pay all of it, but we can give you a big lump sum right now that is less than all of it in full satisfaction of the debt if you'd like."
>>73308505
Indeed.
Maybe going insolvent will actually help things out.
When DC is too broke to enforce it's stupid laws, the states could just take over for their own individual interests.
For fuck's sake, all we do is funnel wealth into a paper money ponzi scheme.
If they can't budget the money we already give them, why should they be trusted with more? Stands to reason that if you'd had 30+ years of shitty spending habits, then it's time you got cut off.
>>73307914
God bush was such a fucking idiot.
>>73308227
>>73308464
>There's more taxes than just income tax.
Well, there won't be when Trump is done. He's eliminating all estate and gift taxes, and cutting corporate taxes and capital gains in half.
>>73308464
Which ones is Trump raising to make up for the $12 TRILLION in lost revenues?
Please show your math.
>>73308910
>>73308464
>>73308227
Forgot my pic
>>73308605
We probably shouldn't be running on a deficit then.
>maybe if we ask politely we won't have to pay
its getting harder and harder to tell the difference between herniefags and trumpfags
>>73308878
This was the plan until Bush came to town.
>>73308910
Sweet.
>>73307672
Trump's already backtracked on his tax plan which is not surprising. It's unpassable anyway.
>>73308952
Good pic. Just 1 thing. That "dynamic impact" is just bullshit that Republicans are trying to sell. The GOP was trying to force the CBO to use "dynamic scoring" for their tax cuts but the CBO said it's bullshit.
>>73307672
Dream on
>>73308478
whose this smegma smuggler?
>>73308959
Yeah but we need to do that. Because reasons.
>>73308965
Creditors generally rather get something back than nothing at all.
>>73308976
Wow, I had no idea that there was a serious possibility of the United States becoming debt free.
>>73308701
They have. 100% tax increase. Communism works man feel the burn
>>73309151
thank bush and obongo
>>73308959
Then by all means, show what we should do instead.
Our expected deficit is 550 billion, and Trump's plan will add another 950 billion on top of that.
So, show what needs to be cut to get to positive, without cutting social security, medicare, or the military (remember, Trump promised to keep or expand all of them)
We'll wait.
>>73307914
>>73308878
you forgot the whole part where we had the 2000 stock market crash during clinton, then sept 11 the in 2001 and another stock market crash
presidents don't wave a wand and make the economy nice
>Jews getting mad that they might get Jew'd and there's nothing they can do about it
Trump is the greatest man alive.
>>73308976
Clinton's signing of NAFTA, offshoring of manufacturing to China, and loosening of Wall Street and banking restrictions that led to the subprime mortgage crisis sure helped us become debt free :^)
>>73308976
where did it all go so wrong ;_;
he's a quick learner, don't worry guys
>>73309226
yeah man bush and obango went and pushed the "SPEND MONIEEEEEZZZZZZ" buttans in the oval office and made us in debt again
Fucking Congress, amirite?
>>73309245
Pull a Jackson, duh. In fact, I think Trump already mentioned selling off federal lands.
>>73308976
It must be true. See its a president and he drew a line on a graph. The plan would have worked.
>>73308914
>he actually thinks there was a surplus in the late 90s
i bet you think the deficit has been decreasing the last few years too.
>>73309151
Most right wing retards (not saying you) are too young to remember 2000. But that's exactly what the plan was. Just go back and watch the 2000 Bush/Gore debates. That's a lot of what they talked about. What to do with the surplus. Gore wanted to stick to the plan and pay off the debt. What did Bush want? You guessed it. Tax cuts. And wars
Just go back and read any articles from 1999 and 2000 about this.
Clinton: Pay debt by 2015
http://money.cnn.com/1999/06/28/economy/clinton/
Business: The Economy
Exorcising the US national debt
http://news.bbc.co.uk/2/hi/business/380923.stm
Again, I'm not saying you, you're obviously open minded. But one of my greatest wishes for this world would be that right wing retards were more educated.
>>73309226
not really Obama's fault. He's not done the greatest job but if he had gone the Sanders route and refuse to bail out anyone there would be no more economy to bail out.
>>73309245
Cut military, Medicare, and Unemployment.
>BUT I SAID YOU CAN'T DO THAT!!!!!!
I'm not Trump, so fuck you and your arbitrary nonsense.
>>73309151
what they mean by debt free, they mean, we go from 500 billion (at the time) per year deficit into the green each year
you would still have to pay down the debt
>>73307934
all trump can do is veto what congress gives him.
>>73309358
>what are the bush tax cuts
>what is the iraq war
>what is the obama stimulus of 2008-2010
>>73309394
Good, you just paid for one year. What about next year?
Remember, a DEFICIT isn't total debt, it's how much negative you are per year.
>>73308376
>obama added more debt than the previous presidents combined
>added trillions
>complains about trump adding to the deficit
shut the fuck up dumb bitch
fucking shill
>>73308976
>AMERICA DEBT FREE
>AMERICA SAFE PREMIUM PRIVATE SECTOR SAVING ASSET FREE
ftfy bill
>>73309226
Thanks Bush actually.
Obama reduced the $1.4 TRILLION budget deficit he inherited from Bush by nearly 75%.
Turns out tax cuts, wars, and crashing the economy is expensive.
Thanks Bush and GOP.
>>73307914
>>73309474
Ya I agree. Only obviously wasteful thing obama did was the stimulus 2008-2010.
Bush was much more damaging overall
>>73309547
>congress does nothing
>"its all teh boosh pushan da debt buttans xDDDDDDDDDDDDDD"
>>73309263
I agree trusting Republicans with national security is expensive and leads to disaster.
>>73309586
Give me a few months to do the research and I'll link you to a 300 page plan :^)
debt is a deflection of the real issue
trump is going to audit the jews at the fed
i bet you're against that arnt you shlomo?
time to pull back the curtain on op
>>73309605
Oh I completely agree. W. Bush was an unbelievable fuck up who tanked the Republican party for 20 years.
>WAAAH! Saddam tried to kill my Pee-Paw! Let's destroy conservatism for a generation!
>>73309586
Do what he said, and legalize marijuana. End the Federal "War on Drugs" and leave it to each state.
CUT SPENDING!
>But you caaaaaaaan't!111oneone DDDDD:::
This shit is easy to take care of. :)
>>73309600
Turns out tax cuts, wars, and crashing the economy is expensive.
Thanks Republicans.
>>73309281
But don't you want FREE trade goy. it has the world free
>>73309753
the fed already gets audited every year dumbass
>>73309777
>this is what Democrats actually believe
>>73309605
>Obama reduced the $1.4 TRILLION budget deficit he inherited from Bush by nearly 75%.
Cool, the debt also went up $10,000,000,000. We can thank Clinton for that.
>>73309809
What is congress?
What is congress?
What is congress?
>Presidents can declare war, executive order budgets, and have a "CRASH TEH ECOMONEEZ" button in the Oval Office
:V
>>73309605
this ONE CHART
destroys the leafposter
everytime
>>73307914
>percent of GDP
nice try.
>>73309873
oops, excuse me, I meant
$10,000,000,000,000
>>73309809
>not as a % of GDP
>nominal dollars
>doesn't even account for inflation
it's always a fucking leaf
>>73309753
>AUDIT THE FED
I thought we killed this meme.
Fed is already audited.
http://oig.federalreserve.gov/reports/board-financial-statements-2014-2013-mar2015.pdf
>>73309785
Show your math. The entire federal budget on prisons is only 8.5 billion. Less than 1% of the way there.
>>73309982
>correlation = causation
>>73309464
ya they were arguing what to do with the economy after the 2000 tech bubble burst
you have to put the argument in context
>>73309406
Ok right wing retard. Let's go.
The Clinton surplus was fake because right wing retards don't want to believe that a Democrat balanced the budget. Even Republicans acknowledge Clinton ran 4 straight budget surpluses.
The deficit hasn't fallen by nearly 75% under Obama because how could that ever happen under a black man.
The U3 unemployment rate has been the REAL OFFICIAL rate for decades but it became fake too when a scary black man brought it down to 5% and right wing retards went full autist.
Bush kept us safe on 9/11.
What else?
The moon landings?
You're a lunatic. You need serious medical help.
>>73307672
To be fair, if the US collapses, who is left standing?
>>73309998
>>nominal dollars
>Chart lists percent change
Can you even read?
>>73309982
We're talking about debt and deficits and you bring up food stamps?
Are you really this retarded?
>inb4 u get triggered by the fact that many people on food stamps are actually working
>>73309989
Yes deficits as a percentage of GDP. Are you admitting that you're a right wing retard?
>>73307934
Well, shit. Those are the only things the government spends money on, so I guess he can't cut anything.
Guess it's time to start shillin' for Hill.
>>73307672
I doubt those analyses take into account the loopholes that Trump has promised to close, and even if they didn't they certainly didn't account for revenues generated by tariffs.
>>73308103
Correlation is not causation, you fucking imbecile. You're completely ignoring the fact that the 90s had the internet boom which clearly had a productive effect on the economy. You're also ignoring that 2008 had a spike in budget deficit because of the crisis, so the only reason obama's term looks good is because the budget just so happened to be extraordinarily high at the beginning of his presidency. So of course it would come down during his presidency, it would come down during ANYONE'S presidency. You really are dumb
>>73309998
The triggering continues
>>73309245
Cut medicaid unemployment end SS benifits(the best trick the jew ever pulled on us) Agriculture housing environment and international affiars by half. beef up science and and veterans benifits a little bit.
>>73309947
>congress can declare war, pass budgets, and have a "CRASH TEH ECOMONEEZ" button without the president signing off on it
>>73310059
>You're a lunatic. You need serious medical help.
Irony is real.
>>73310059
>economy crashes last year of bush's presidency
>revenue decreases because everyone is poor
>assistance programs increase so people don't starve
>big deficit
>obama comes in and does nothing for 5 years and racks up debt
>economic cycle slowly brings up revenue and lowers deficit
>7 year cycles for recessions
>typically 8 year cycles for US presidents
>Canada posts economic trends that just happen to coincide when Republicans/Democrats change hands
>LOL IT WAS THE REPUBLICANS THEY CONTROL THE ENTIRE GLOBAL ECONOMY AN CRASHED IT
Jesus christ, does anyone take this leafposter seriously?
>>73310014
>http://oig.federalreserve.gov/reports/board-financial-statements-2014-2013-mar2015.pdf
>The Board’s internal control over financial re
porting is a process designed by, or under the
supervision of, the Board’s principal executive
and principal financial officers, or persons
performing similar functions, and effected
by the Board's Committee on Board Affairs,
management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.
>Because of the inherent limitations of internal
control over financial reporting, including the
possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected and corrected on a timely basis. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.
>>73310059
getting this buttblasted over a meaningless one-liner? my oh my.
since your so wise tell me about government books on october 1. every year, without fail, certain....interesting things happen.
p.s.: both sides agreed to "balance" the books in the 90s because based god perot scared the shit out of them.
>>73310059
I can't tell if you're a Hill shill or just a regular Canadian
>>73310217
food stamp money has to come from somewhere
>>73310014
Tax pot, sell federal land, cut 100 billion from military, 300 billion from Social Security, Unemployment, and Labor. Cut 200 billion from Medicare and health.
There. I destroyed your deficit and handed you a surplus. I'd tell you to open your mouth, and suck my dick...
But I'm not a dictator, and it has to be approved by...
C O N G R E S S
And they wont do jack shit.
:^)
>>73308103
STFU retard
>>73310328
>Correlation is not causation, you fucking imbecile.
Literally not an argument.
>You're completely ignoring the fact that the 90s had the internet boom which clearly had a productive effect on the economy.
LOL AHAHAHA I always love the right wing retard "MUH INTERNET" argument.
You realize we have even faster internet now right? The 90s had dial-up. Bush had internet too, broadband, and he still crashed the economy.
FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’
http://thinkprogress.org/economy/2010/08/10/173450/1993-quotes/
Read up on the
https://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1993
That the Democrats passed without 1 GOP vote that led to the Clinton economic boom.
Previously the top individual tax rate of 31% applied to all income over $51,900. The Act created a new bracket of 36% for income above $115,000, and 39.6% for income above $250,000.[2]
Previously, corporate income above $335,000 was taxed at 34%. The Act created new brackets of 35% for income from $10 million to $15 million, 38% for income from $15 million to $18.33 million, and 35% for income above $18.33 million.[3]
The 2.9% Medicare tax previously was capped to only apply to the first $135,000 of income. This cap was removed.
Transportation fuels taxes were raised by 4.3 cents per gallon.
The portion of Social Security benefits subject to income taxes was raised from 50% to 85%.[4]
The phase-out of the personal exemption and limit on itemized deductions were permanently extended.
The AMT tax rate was increased from 24% to tiered rates of 26% and 28%.[5]
Part IV Section 14131: Expansion of the Earned Income Tax Credit and added inflation adjustments.
>>73310217
>living wages
People deserve to get paid whatever they can bargain for. You don't deserve minimum wage and you don't deserve food stamps or welfare. Free market will literally fix everything within a protectionist state.
>>73310217
>th-they've got a job!
>t-that means obama did good!
like I said
ONE CHART
destroyed
>>73310373
When was the last time a president used the veto for purely political reasons?
>>73309464
Are you a complete moron? You understand there's more than one deficit, right? Look at the trade deficit at the end of Clinton's presidency and the trade defecit now. Our country has to borrow a half trillion a year, and thats not even including the government
>>73310528
>Jesus christ, does anyone take this leafposter seriously?
I think the only one is himself.
>>73310408
EVERY FACT THAT DISAGREES WITH MY RIGHT WING RETARDED WORLD VIEW IS FAKE!
>>73310368
>"I'm going to save Social Security. ... But we're not going to hurt the people who have been paying into Social Security their whole life and then all of a sudden they're supposed to get less. "
-Donald Trump
>"As Republicans, if you think you are going to change very substantially for the worse Medicare, Medicaid and Social Security in any substantial way, and at the same time you think you are going to win elections, it just really is not going to happen,"
-Donald Trump
>Social Security is here to stay. To be sure, we must reform it, root out the fraud, make it more efficient, and ensure that the program is solvent. ... Same goes for Medicare. Again, people have lived up to their end of the bargain and paid into the program in good faith. Of course they believe they're "entitled" to receive the benefits they paid for--they are!
-Donald Trump
Try again.
>get creditors to accept less as planned
>lose AAA bond rating
>next loan application
>30.7% interest
Great work drumf
>>73309982
you mean when people lose their jobs they need assistance? no shit?
>>73307672
Oh my God I thought Trump was going to be like Jackson or Lincoln and start printing his own money
>>73308474
sure
>>73310645
obama vetoing the health care repeal like a few months ago?
hes been vetoing shit non stop since repubs have controlled congress. keystone, entitlement reforms, etc etc
lul
>>73310710
sure totally
>>73310528
What's even more hilarious is that it takes 7-8 years for economic policy to have an effect. We're probably only just now seeing the effects of the end of the Bush administration.
>>73310618
>whatever they can bargain for
so why have we banned unions?
What are with all the Hillary shills lately?
>>73310589
>Tax pot, sell federal land, cut 100 billion from military, 300 billion from Social Security, Unemployment, and Labor. Cut 200 billion from Medicare and health.
So basically, not be Trump?
How can you support someone who's disagrees with you on everything?
>>73310528
>7 year cycles for recessions
>typically 8 year cycles for US presidents
So when we dont' have a Bush-like crash this year then Obama beat the cycle according to your right wing retard logic?
The numbers back up Clinton’s claim since World War II: Of the 49 quarters in recession since 1947, eight occurred under Democrats, while 41 occurred under Republicans.
http://www.politifact.com/truth-o-meter/statements/2015/sep/22/hillary-clinton/hillary-clinton-recessions-more-frequent-under-rep/
>>73310660
>muh right wing retards
>>>>>>>>>>>>>>>>>>>>>>>>>>>/leftypol/
>>73310605
>Correlation is not causation, you fucking imbecile.
>Literally not an argument.
PREVIOUSLY ON /POL/
>>73310038
FUCKING LEAVES
ITT governments are households
>>73310217
>full time workers
That's the thing though, since Obama care anyone working 30 hours is required to have insurance through their employer or face a fine.
>>73308976
>2001 twin towers fall
>fight against extremists haven (Iraq)
>keep america safe from jihadists and state funded terrorism
Yeah, fuck bush because he kept us safe from state funded jihadist attacks. Fucking shills.
>>73310744
>Repubs hold both houses
>Obama throws a bitch fit
>Dems hold both houses
>Bush lets them have what they want, even the trillion dollar spending bill
:V
>>73310618
>Free market will literally fix everything within a protectionist state.
The free market doesn't magically end at imaginary lines.
>>73310408
Don't bother. He gets paid to shitpost. Get the 4chan filter addon for your browser and filter out his posts.
>>73310059
Get help you lunitic freak.
>>73307672
Well put it this way: you aren't going to pay off those trillions.
>>73310605
>LOL AHAHAHA I always love the right wing retard "MUH INTERNET" argument.
>You realize we have even faster internet now right? The 90s had dial-up. Bush had internet too, broadband, and he still crashed the economy.
You literal imbecile, LMAO.
I mean if it wasn't clear before it certainly is now.
You understand absolutely nothing about economic boom, busts, and bubbles.
Trump was definately refering to an absolute worst case scenario where it is either do this or become a 3rd world country. Fuck you guys are dumb.
i don't give two shits about how trump might wreck an economy built on fraud and money manipulation already
we're gonna build the wall, we're gonna bring manufacturing jobs back to our country, and we're gonna stop sacrificing to the globalists
the Debt he's talking about only exists on paper anyways. to say we could ever pay off 19T fully is ridiculous so this is hardly a game changer.
>>73310813
Who else is there to support?
You really think I expect this shitshow to fix itself without nooses and bullets?
I'm just going along for the ride.
Suck my dick.
>>73310813
>implying
>>73310796
Unions still exist, by the looks of it, they don't get shit done and cost jobs
Plus, sending union jobs overseas and to Mexico isn't helping.
>>73310796
Why are unions being paid tons of money by the government if they're banned?
>>73310644
Right wing retards complain minimum wage jobs don't pay enough.
Right wing retards are against raising the min wage.
You literally cannot make up this level of mental retardation and full spectrum autism.
>>73310605
>>You're completely ignoring the fact that the 90s had the internet boom which clearly had a productive effect on the economy.
>You realize we have even faster internet now right? The 90s had dial-up. Bush had internet too, broadband, and he still crashed the economy.
I'm gonna need a minute
>>73310953
how exactly
>>73310992
OH my god you're so retarded you can't make this up.
>>73310985
>by the government
well, they aren't
>>73307672
That was one of the options he discussed, and only if we went into full default. You stupid faggots keep forgetting the goal isn't the process.
>>73310934
He's a shill. He doesn't care, he is just getting paid to post this crap. All you can do is ignore him.
>>73310887
?
dems didnt have both the senate and congress until 2007 at which point bush was a lame duck.
200-2007 it was either all repub or split.
>>73310843
>doesn't understand user id system
>thinks all Canadians are 1 person
>>73311060
Well depite a super high minimum wage and everyone being in a union jobs are still shit.
>>73310718
No they don't need assistance. Stop being a faggot. They didn't need assistance in the past and they don't need it now.
>>73310934
LMAO you're so fucking stupid. HAHAHA You know nothing about the economy.
>>73311135
Same situation.
Lame ducks with opposition party controlled congress.
Durr?
>>73310136
Do you not understand what inflation is?
>>73310362
You dumb cucks are looking at it completely wrong.
>>73309982
this is actually what the whole economy is about ................. pic related
>>73307672
I fully support Trump at this point, but this sounds like some South American tier bullshit.
>>73310605
>literally not an argument
Holy shit you are dumb. Correlations do not necessarily imply anything. This is not only basic statistics, but basic science. I guess you're like one of those anti-vaccine retards who sees the correlation between time of vaccine and incidence of autism, but fails to even realize that vaccines are generally administered during the ages autism is likely to develop. Correlations does not imply causation.
This is how dumb you are right now. You're as dumb as an anti-vaxer.
>>73310605
You're forgetting about this little event: https://en.wikipedia.org/wiki/Dot-com_bubble
So of course the economy fell once Bush came into office.
How can someone be so biased?
>>73310893
Hey since you seem to know stuff, can you explain Hillary's tax plan to me and how it will help better than Trump?
>>73310863
That's a right wing lie that I've debunked so many times.
The BLS hasn't changed the definition of full time. Screenshot. Pic related.
I'm trying to track down the holy grail. The direct power source of right wing mental retardation and full spectrum autism. Can you please lead me to it?
Is it foxnews? zerohedge? cnsnews.com?
Honestly I wanna know.
>>73310868
>Yeah, fuck bush because he kept us safe from state funded jihadist attacks. Fucking shills.
>>73307934
>He's repeatedly promised not to cut Social Security or medicare, and will increase military and defense spending.
i watch all of his rallies
(theres one now)
he has said he will not cut social benefits and restructure the military not increase its budget
>>73311028
The 19T debt is not possible to pay back. Every body knows this.
Putting our heads in the sand and pretending like we can is just how the machine keeps rolling.
>>73311213
No. Obama has had 6 years of republican controlled opposition. (2010 to current).
Bush had FULL SENATE AND CONGRESS from 2000-2007 and what did he do? blow up the deficit with stupid wars, spending bills and tax cuts
>>73311000
Double dub trips
Brah. Just let it go.
>>73311151
>thinks all Canadians are 1 person
Are you not?
>>73311156
>super high minimum wage and everyone being in a union
we're talking about america
>>73311191
>lose income
>don't need help with basic necessities
fuck off elsewhere kike shill
>>73310605
>Literally not an argument.
lmao
>>73310934
>>73311109
Republicans crash the economy.
Democrats fix it.
I do get it.
The only reason why right wing retards vote Republican is because they want the economy to crash.
>>73311362
Oh my god.
No.
It's the saaaaaaaaaaame thiiiiiiiiiiiiiiiiiiiiiiiiiing
>>73311232
In this case, your chart literally demonstrates no correlation.
As opposed to:
>>73310605
>>73309809
>>73308914
>>73307914
>>73311443
economic cycle
>>73311443
Same to you my leafy friend, can you explain why Hillary's tax plan will benifit America more than Trump's?
>>73307914
The budget surplus/deficit really doesnt' matter compared to what is actually happening with the total National Debt being accumulated.
Obama is still the president that has had more debt accumulated during his presidency than every previous president before him combined.
>>73311567
You're arguing with a paid shill dude.
>>73311268
Read it again. I only mentioned insurance is required for those working 30 hours
I said nothing about full time, just hours worked
>>73311528
>economic cycle that just magically happens to be better every time under democrats xdd
http://www.vox.com/2014/7/29/5945583/the-us-economy-grows-faster-under-democratic-presidents-is-that-just
>>73310768
Go away leaf, go back to your brush fire
>>73311262
Independent analysis:
http://www.taxpolicycenter.org/publications/analysis-hillary-clintons-tax-proposals
> Her proposals would increase revenue by $1.1 trillion over the next decade. Nearly all of the tax increases would fall on the top 1 percent; the bottom 95 percent of taxpayers would see little or no change in their taxes.
Right-wing-leaning analysis:
http://taxfoundation.org/article/details-and-analysis-hillary-clinton-s-tax-proposals
>Hillary Clinton’s plan would raise tax revenue by $498 billion over the next decade on a static basis. However, the plan would end up collecting $191 billion over the next decade when accounting for decreased economic output in the long run.
Ironically, if you care about reducing the debt, Clinton is your best option.
>>73311000
Right wing retards claim that most or all of the 23 million jobs the Clinton economy created were because of MUH INTERNET.
So please tell me right wing retards. How many of those 23 million Clinton economy jobs were lost when MUH INTERNET crashed?
The sooner you right wing retards realize that most of the economic damage that occured in 2001 was because Bush kept us safe on 9/11, the better.
>>73311366
>>73311552
It will continue to shrink rather than blow up the deficit.
>>73311362
>Bush had FULL SENATE AND CONGRESS from 2000-2007
Bullshit, it was until 2004.
Even Democrats like Hillary voted for the Iraq War
>>73310796
>we banned unions
The fuck are you talking about?
>>73311528
>>73311623
>>economic cycle that just magically happens to be better every time under democrats xdd
So let's vote Republican for a worse economy!
RIGHT WING RETARD LOGIC!
>>73311697
no it was until 2007.
I do agree with you tho that a lot of democrats enabled bush on his retarded policies
>>73311725
the banning of unions
>>73311319
>To tell the enemy we’re not going to invade defies common sense. That lack of confidence may reflect another troubling reality: our diminished military forces. To wage our aerial assault on Yugoslavia we had to call upon US forces from all points of the globe. Why? Because we’re spread too thin. The US last year spent 3% of gross domestic product maintaining our military forces. Compare that with past figures: Defense spending in the last year of the Carter administration came to 4.9% of GDP. During the Reagan buildup it was 6.5%. We are still living off the Reagan military buildup of nearly 20 years ago. The question is: What will we live off ten or fifteen years from now if we do not invest again?
-Donald Trump
This is of course in addition to his promises to take out ISIS (which costs money) and to build more hospitals for vets, and other spending.
>>73311443
>Republicans crash the economy.
>Democrats fix it.
....OR
Is their a gap between passing of policy and the effect on the economy and the reality is the exact opposite of what you claim.
>>73311697
It was until 2007.
You're a fucking moron.
Pic related is what you get with a GOP House, Senate and President.
>>73311689
How would it accomplish that? Just curious because I don't know what it is.
>>73311746
>>73311623
>Another possibility is that Democrats happen to come to office when the rest of the global economy is booming. That might count as "luck."
hmmm
>>73307672
>even when you account for growth
Because these guys are great at predicting growth.
Do it see what happens, if it falls short we cut more.
>>73307672
>expecting low information memefags to understand or care about macroeconomics when there's walls to be built and imaginary days of rope to be had
biggest of wews
>>73311567
>>73311609
Thinks a dollar in 1974 equals a dollar in 2016.
Jesus Christ being this fucking retarded.
How do you right wing retards put your pants on in the morning?
>>73309809
>>73310362
America's greatest weakness is that you fucking retards can vote.
>>73311850
Not spending $150million on tanks the Army doesn't want could probably go a long way in some other piece of gear.
>>73311268
Its not a lie. Your a dumb shit. Full time is 40 hours. 35 hours a week is not a full time Job. I even specifically remember when Obongo care was enacted there were tons of jobs available and I was even able to get one. The problem was that all of the jobs suddenly became part time jobs. When I did get a job everyone of the old employees were bitching about not getting enough hours.
Obongo, really helping the little guys out huh.
>>73307672
>not just invading and conquering all the counties to which debt is owed
>>73310992
Lol
http://www.marketwatch.com/story/us-still-creating-plenty-of-good-paying-jobs-2016-04-20
This whole article is basically "some good, some bad, who knows how this will play out"
It wouldn't be hard to repay our debts, but Trump would rather use that money for his voters' gibmedats. Thanks, Demagogue Don.
>>73307847
he spent less per vote than everyone period.
>>73311856
That must be it!
When Obama passes a massive stimulus project in 2009, everyone knows that the Americans don't go back to work UNTIL the next president is in office.
Fucking right wing retards man.
https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
>>73311850
ISIS isn't going to cost much money. Especially if we ally with russia and the west.
>>73312065
>he thinks full time jobs weren't being severely cut since the late 90's
>>73312070
Even if two thirds of it wasn't owed to ourselves, how is starting wars supposed to save money?
>>73312040
How does the leaf explain away the fact that majority of the highest GDP/capita states are republican controlled states?
>>73307914
>deficit meme
Stop this. Debt is what matters
>>73307672
Oh my god, I love this man
Truly beating the jew at his own game
>>73312040
http://www.mythdebunk.com/reagan-vs-obama-deficit-edition/
Reagan doubled the deficit, not tripled. Revenue also doubled.
>>73311952
1. The economy does better under Democrats
2. It's just luck
3. Let's vote Republican
Right wing retardation in 3 simple steps.
>>73310362
Why is Obama missing faggit?
>>73312065
One might point out the jobs report last month showed:
>total number of jobs increased
>total hours worked decreased
>hourly wages decreased
This tells us full time jobs were split into lower laying part time jobs and people are takin pay cuts.
>>73311817
>>73311860
As I said, 2003-2005 Dems had the Senate
>>73312242
Pay debts burgers
>>73312192
>shitty temporary jobs
>>73312337
no u
>>73312065
Obama hasn't changed the way BLS calculates full time employment.
Qualifiying for Obamacare has nothing to do with how BLS tracks full time employment.
You fuckers are mentally handicapped. It's sad.
>>73312248
Oil.
http://www.bloomberg.com/view/articles/2016-03-29/kansas-tried-tax-cuts-its-neighbor-didn-t-guess-which-worked
>For the past few years, Kansas's Republican Governor Sam Brownback and his allies in the state's legislature have been conducting a fiscal experiment involving big cuts in income taxes for individuals and businesses. The theory was that this "march to zero income taxes," as Brownback has called it, would spur entrepreneurship, economic growth and lots of job creation -- 25,000 new jobs in each of the next four years, Brownback pledged during his successful re-election campaign in 2014.
>There have been repeated budget shortfalls since Brownback first took office in January 2011, which have led to repeated proclamations in the national news media that the Kansas experiment has failed.
>>73312337
We don't owe you shit. Go suck Muslim cock.
>>73312192
>stimulus projects work guys!
>>73312275
that was from the leaf's own link buddy
>>73312413
Look I get it. You hate your own country and all you do is shit on it all day and make up lies about it because you hate America. But at some point, give it a rest conservashit.
>>73312422
>>73312447
Fucking hell lad, calm yourself and pay debts
>>73312233
Thats not an argument. Literally hundreds of businesses in my area sudden;y had opennings within a month. I was looking for work before that too but I couldn't find anything.
>>73312513
no >:3c
>>73312425
>>73312040
Then our debt per president should have only increased from .21 trillion as spent by ford to say 2.02-4 trillion by Obama just using inflation and accounting for the fact that Obama got that second term that Ford didn't.
Increasing the total debt to 19 trillion strikes me as Obama, the Senate, and Congress not caring the least bit about the long term effects on what the National Debt means for the rest of us. Doesn't matter who's in charge at this point. Neither the Democrats or the Republicans have provided a budget to be voted on for 7 years and instead they just pass those criminal omnibus bills.
>>73312248
It doesn't count. It has to be something else.
Cmon guise. Socialism always works.
>>73312425
oh look, the first link when you google "full time definition"
http://www.usnews.com/news/articles/2015/03/03/businesses-balk-at-obamacare-definition-of-full-time-work
>>73312322
Yeah that's just a fucking lie and I think you know it. Pic related.
And even if it was 50-50, Cheney cast the tie breaking vote.
>>73307914
Clinton benefitted from Baby Boom peak years and capital gains from Tech Stock boom. He also used gimmick of switching debt from 30yr bonds to 10yr to lower interest rate but increase short term risk. Clinton ended Glass Steagal allowing bankers to take more risks at publics expense.
>>73312634
>Thats not an argument.
neither is anecdotal evidence
fact remains, companies were cutting full time positions long before obamacare ever came about
>>73312192
We won't feel the full cost of that keynesian retardation until later, yes.
Those keynesian policies are short term, they don't fix the real issue and are just a short term short of cocaine in order to prop up a broken system.
They can't be continued forever.
QE4 & Negative interest rates when?
>>73307672
Trump is right, as usual.
https://www.youtube.com/watch?v=ZNNDMCWHSQg
>>73312442
What about the other states? That seems like a bit of a cop out desu senpai
>>73312659
AHAHAHA THIS CHART SHOWS EXACTLY WHAT I SAID. 95% OF OBAMA JOB CREATION HAS BEEN FULL TIME.
YOU JUST BLEW YOURSELF THE FUCK OUT.
Holy shit this is going in my right wing retard folder.
Glorious!
>>73312511
>conservatives are the ones that hate America
This guy.
>>73307672
Perfect solution. Tell the banksters I will pay whatever rate I desire, because I'm in charge, not you.
Jewish hegemony depends on the social contract of money. If the US government basically says "lol fuck you" they lose all power.
>>73312925
All you guys do is bash and shit on your own country all day.
I think America is great. None of you fuckers do.
You hate your own country.
All I have to do is post this chart and it triggers all of you right wing retards in a frenzy to make up lies about and trash America.
I have dozens of threads showing that.
>>>73301944
>>73312758
Worst part, it wasn't even Keynesian. It was just straight up making it rain. If it was Keynesian, we would have rebuilt our infrastructure.
>>73312707
BFTO
>>73312925
>The people who hold onto the classical liberal ideals that made this country into the greatest power in history hate America.
>The big government commies consistent in their beliefs to every despotic shithole on earth love America.
>>73313112
You clearly have no understanding of contracting and expanding economic cycles. Obama was elected in the worst recession in recent history, and the jobs progress was largely just a natural function of capitalism, and has nothing to do with Obongo and policy.
In reality economic policy does very little in such a short term. It takes like 20 years sometimes to see a reaction in the system.
>>73312856
Way to misinterpret the chart. The chart demonstrates how flawed it is to claim Obama caused great job growth, because THERE WAS A FUCKING RECESSION AT THE BEGINNING OF HIS 8 YEARS. Literally ANY PRESIDENT would have increased full time jobs from 2008. Almost every single time there has been a recession in US history, it is a spike followed by a recovery, regardless of the president
Bernie's healthcare with even more tariffs and deportations and massive tax cuts. 25 trillion will be added. Make America an Israeli Haiti Again
>>73312745
Not at the same rate.
>10 alligators are in my pool
>so alligators have been going in pools since pools existed.
Thats not an argument.
This is bait. Only sources are shitty sources which provide no proof. Don't reply to this obvious troll.
>>73312820
Well, let's look at the top 10.
1. Delaware - Democrat Governor
2. Alaska - Independent Governor (full of oil) (In fact, has socialized it's oil industry and gives oil money to its citizens)
3. North Dakota - Republican Governor (gigantic oil boom)
4. Connecticut - Democrat Governor
5. Wyoming - Republican Governor (full of oil and coal, one of the last coal states left)
6. Massachusetts - Republican Governor, but an extremely liberal one. Democratic senators. It's healthcare plan was the basis of Obamacare.
7. New York - Democrat Governor
8. New Jersey - Republican Governor, but a liberal one. Democratic senators.
9. Oregon - Democrat Governor
10.Washington - Democrat Governor
That took a while, hope you're still reading to see you were wrong.
Obama's presidency saw an increase of $10 trillion to the debt.
>>73313290
I don't know how to break this to you, but when Obama enacts a massive stimulus program to avert another looming Republican Great Depression, the workers don't start working on infrastructure until 20 years later.
https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
None of that changes the fact that nobody hates America more than right wing retards.
>>73313418
>Thats not an argument.
>>73312856
uhh
are you capable of reading a chart there, justin?
>canadian education
>>73313494
And Trump plans to increase the debt by 9.5 trillion ON TOP OF another 10 trillion.
>>73313420
http://www.taxpolicycenter.org/publications/analysis-donald-trumps-tax-plan/full
>>73313215
>>73312707
Maybe your problem is that you immediately jump to the first link that reinforces your right wing retard worldview rather than realizing that BLS has been classifying full time the same way it has for decades.
Footnotes
(1) Employed full-time workers are persons who usually work 35 hours or more per week.
(2) Employed part-time workers are persons who usually work less than 35 hours per week.
http://www.bls.gov/news.release/empsit.t09.htm
>>73313534
you can apply that chart to pretty much any western developed nation as there was a global economic recovery.
Post some economics red pills videos. Please.
I'll start
https://www.youtube.com/watch?v=p5Ac7ap_MAY
Princes of the Yen: Central Bank Truth Documentary
“Princes of the Yen: Central Banks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.
Based on a book by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.
Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.
“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.
“Because only power that is hidden is power that endures.”
>>73313743
And under Obama, the US did the best.
That's why right wing retards hate him.
>>73313565
Obamacare made employers cut workers hours
How is that not an argument. You're trying to convince me that something that happened to me and everyone living in this fairly large city is a lie.
