Posted on 11/26/2023 9:51:54 PM PST by SeekAndFind
Ideally, when they turn 60, they'll move in with their children. And they'll get part time jobs at Walmart.
There is no comfortable way out. The comfortable way out died out around 2005 or so. Then, we could have cut the deficit to zero and not really notice any changes.
So how to prepare for tough times?
Ways to prepare:
Buy and store food and other essentials
Buy and store some gold and silver and junk silver.
Buy and store items that can be traded/bartered.
Start another income stream with your skills and abilities.
Buy a weapon and learn how to use it.
CD
Wasn’t all that long ago that folks, probably some on here, that said that Ron Paul was fringe. That his son is fringe for wanting to audit the Fed
MSU professor does a little research and finds $21,000,000,000,000 in unidentified spending.
Perot campaigned with a thesis that was completed by a college kid that documented every program and every cent. And all the waste that went with it. But Perot was a kook and spoiler.
The Democrats figured out, during the early part of the GWOT, that budgets weren’t needed. Give Bush what he wanted for the war, no budgets and they get everything they want with CRs and Omnibus. No questions asked.
Of course Obama loved it, as he could get anything he wanted and threw republicans the scraps.
Pres Trump asked for a budget every year. Was snubbed every year. Why would Congress want a budget and budget negotiations, when they could just wait til the last minute and force the Presidents hand?
Gee, I wonder why that was one of Gaetz’s arguments.
Keep voting for Graham, thune, Cornyn, etc. they’ll do better next time. They promise.
Wait what? Did President Trump ever submit a balanced budget?
Don’t all budget bills originate in the House?
Don’t all budget bills originate in the House?
President Donald Trump unveiled a $4.8 trillion budget Monday that seeks to balance the budget in 15 years, falling short of the the traditional Republican target of doing so over 10 years.
“Next time could be the real thing” bump.
As there are 2.3 million military retirees and 62 million social security retirees, I’d say most of the money is going to social security. That doesn’t include another 8 million social security recipients that are under retirement age.
Bidenomics is another way to say TIME BOMB.
Does the President sign or veto laws approved by Congress?
15 years to balance the budget. Had President Trump been reelected, it wouldn’t even be balanced when he would have left office in Jan. 2025
15 years to balance is not a serious proposal.
So I guess you’ll be submitting your plan tomorrow for everyone to review.
Don’t all budget bills originate in the House?
To be more precise, Art. 1, Sec. 7: "All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills."
Spending authorizations and raising revenue are not exactly the same. Spending may exceed revenue which results in a budget deficit.
The last President to lower the federal debt in a fiscal year was Eisenhower, 1956. The debt then was $273B. The debt first topped $1T in 1982. We currently see $33.8T.
https://www.investopedia.com/us-national-debt-by-year-7499291
One thing I feel that is lost in all of the budget talk is how long it’s been since the country actually had a real budget.
Gaetz said it’s been the 90s.
I was under the impression it was 2005, when the Democrats knew that Bush2 needed money for his wars. They wanted their stuff, too.
Pelosi says that in order to get money for the wars, Bush2 has to sign whatever she puts in front of him. Which he did.
Congress then learns…wait until the last minute - scare the hell out of everyone with cuts and shutdowns - everyone gets to toss their pork and pet projects in the kitty - on the last day the President has to sign it and no one knows exactly what’s in it except for what they put in.
Of course, Soetero liked it because he got whatever he wanted and it relieved him from having to do one of his jobs: negotiate a budget for the people. He could blame everything on Congress
Pres Trump submitted a budget every year and asked for one from the House to get the negotiating going.
Those POSs, having successfully changed the rules, ignored him and threw CRs at him.
Government by contnuing resolutions and omnibus bills is a way to have unlimited spending and uncontrolled debt increases with nobody being responsible. It is a great way to redistribute wealth into desired pockets.
Trump could have refused to sign the first CR, and made clear he would refuse to sign any subsequent CR. The Congress could override his veto, but then they would own it.
Digressing slightly with another observation, I have seen numerous complaints about spending taxpayer dollars on Ukraine. After defense, debt interest, Obamacare and Social Security, taxpayer dollars are gone. We borrow the money to give to Ukraine to spend on defense contracts from the U.S. It's magic.
The rules did not change. There is no enforcement mechanism when the Congress does not answer to the people.
Congress can add $1T to the debt in a year and a congress critter can get life tenure in office if enough of the pork gets delivered to their district. They keep getting reelected so we have the government we deserve.
Lots and lots of truths in this comment, woodpusher.
I remember reading about the gimmicks Clinton used to create his “balanced budget”.
And for all the truths you wrote, none is more truthful than.....They keep getting reelected so we have the government we deserve.
Many think we’re past the point of being able to change things through the ballot box. Maybe they’re right. I’m not one of them, although I don’t discount those ideas. However, if one day(and it has to be really soon) the people will stop being lazy and not allow the RNC, etc to brainwash them, maybe something can be done.
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