4 ms·

It's important to note though that the goal is not to reduce debt. The goal is to cut taxes (largely for the rich). I mean if debt was an issue why vote for th

It's important to note though that the goal is not to reduce debt. The goal is to cut taxes (largely for the rich). I mean if debt was an issue why vote for the guy who has increased the national debt by the most in history and whose spending plans were going to increase the debt by almost twice of his opponent? https://www.investopedia.com/democrats-vs-republicans-who-had-more-national-debt-8738104 https://www.investopedia.com/democrats-vs-republicans-who-ha...

guelo 2y ago
Also to cut regulations, aka the police for corporations and the rich.
somenameforme 2y ago
The person who wrote that article is remarkably ignorant of essentially all topics that she covered to the point I'd consider that lower quality than an average internet shitpost. I don't know where to start so I'll just bullet point things in no particular order: - The US parties almost entirely ideologically swapped sometime in the 19th century. Some claim it happened with FDR in the 30s, others claim it didn't "really" happen until LBJ in the 60s. Everybody acknowledges it happened. What a "Democrat" did in 1913 is irrelevant. - Congress dictates budgets, not the President. The President has veto power (which can be overruled by Congress), but nothing more. - The modern US economic system enabling us to go arbitrarily far into debt only began in 1971, when we defaulted on our obligations under Bretton Woods. - The total deficit under Trump was $5.6 trillion, under Biden it was ~7.6 trillion [1]. I assume the author was looking at delta debt and then 'inflation adjusting' it... ugh. --- That's just the basic historic/factual backing. The "stats" are even worse, but enough is enough. In any case, the issue is not what happened in 1913 or even Trump's first term, but what is happening now. Trump's first term he promised to do what he's doing now but instead just mostly carried on the military machine (at least without starting any news wars, which was nice - though he was trying his hardest with Iran) and filled his entire cabinet with political establishment types who did their thing. Trump 2.0 seems to have genuinely gained some sort of messianic delusions, probably from the attempted assassinations, and is actually doing what he said he would do before. And those current actions are what is really changing the game like nothing that's happened in decades. [1] - https://fred.stlouisfed.org/series/FYFSD/ https://fred.stlouisfed.org/series/FYFSD/
- derangedHorse 2y ago
  The deficit also doesn’t paint the whole picture. The debt significantly increased near the end of the Trump administration which added to mandatory spending via interest payments. https://fred.stlouisfed.org/series/GFDEBTN https://fred.stlouisfed.org/series/GFDEBTN
- johnnyanmac 2y ago
  >Congress dictates budgets, not the President. The President has veto power (which can be overruled by Congress), but nothing more. congress makes budget, but the president has always been a means to apply pressure and influence the budget. After all, if a president declares an emergency or crisis, and congress doesn't fund for that, then they may risk re-election. That's always been the "legal" means of the president settting the budget.
cr125rider 2y ago
Trump got saved by the pandemic so we can call his policies “unprecedented” for unprecedented times. It hides a lot of how poor he did.
- johnnyanmac 2y ago
  Did he? I was under the impression that Biden did a lot of the stimulus in 2021. Trump did a bit, but if that still hid how badly he did that's crazy.

guelo 2y ago

Also to cut regulations, aka the police for corporations and the rich.

somenameforme 2y ago

The person who wrote that article is remarkably ignorant of essentially all topics that she covered to the point I'd consider that lower quality than an average internet shitpost. I don't know where to start so I'll just bullet point things in no particular order: - The US parties almost entirely ideologically swapped sometime in the 19th century. Some claim it happened with FDR in the 30s, others claim it didn't "really" happen until LBJ in the 60s. Everybody acknowledges it happened. What a "Democrat" did in 1913 is irrelevant. - Congress dictates budgets, not the President. The President has veto power (which can be overruled by Congress), but nothing more. - The modern US economic system enabling us to go arbitrarily far into debt only began in 1971, when we defaulted on our obligations under Bretton Woods. - The total deficit under Trump was $5.6 trillion, under Biden it was ~7.6 trillion [1]. I assume the author was looking at delta debt and then 'inflation adjusting' it... ugh. --- That's just the basic historic/factual backing. The "stats" are even worse, but enough is enough. In any case, the issue is not what happened in 1913 or even Trump's first term, but what is happening now. Trump's first term he promised to do what he's doing now but instead just mostly carried on the military machine (at least without starting any news wars, which was nice - though he was trying his hardest with Iran) and filled his entire cabinet with political establishment types who did their thing. Trump 2.0 seems to have genuinely gained some sort of messianic delusions, probably from the attempted assassinations, and is actually doing what he said he would do before. And those current actions are what is really changing the game like nothing that's happened in decades. [1] - https://fred.stlouisfed.org/series/FYFSD/ https://fred.stlouisfed.org/series/FYFSD/

derangedHorse 2y ago
The deficit also doesn’t paint the whole picture. The debt significantly increased near the end of the Trump administration which added to mandatory spending via interest payments. https://fred.stlouisfed.org/series/GFDEBTN https://fred.stlouisfed.org/series/GFDEBTN
johnnyanmac 2y ago
>Congress dictates budgets, not the President. The President has veto power (which can be overruled by Congress), but nothing more. congress makes budget, but the president has always been a means to apply pressure and influence the budget. After all, if a president declares an emergency or crisis, and congress doesn't fund for that, then they may risk re-election. That's always been the "legal" means of the president settting the budget.

cr125rider 2y ago

Trump got saved by the pandemic so we can call his policies “unprecedented” for unprecedented times. It hides a lot of how poor he did.

johnnyanmac 2y ago
Did he? I was under the impression that Biden did a lot of the stimulus in 2021. Trump did a bit, but if that still hid how badly he did that's crazy.