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Replies: 34
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TigerNet HOFer [125875]
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Deficit Spending up 20% in July, 289 Billion
Aug 18, 2025, 7:44 AM
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Despite the revenue from tariffs, government spending is up and revenue is down under Trump. Is this what you guys voted for?
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CU Medallion [19048]
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How much is servicing the debt @ 8%***
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Aug 18, 2025, 7:54 AM
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Oculus Spirit [43312]
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All-TigerNet [5882]
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CU Medallion [19048]
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What specifically in the BBB has taken effect and what is the cost?***
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Aug 18, 2025, 8:49 AM
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Clemson Sports Icon [52202]
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Yeah, that's the point
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Aug 18, 2025, 8:57 AM
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The situation was already bad and the Trump admin is spending like crazy, so let's pass the BUB right on top of it to make it worse.
You Trumpkin imbeciles have no idea what you're pulling for. Your ideology is just a man you worship because you think he "owns the libs" and you have no intellectual capacity to realize the absolute wreck he's creating. Even his own GOP sycophants in Congress have scrambled to introduce new legislation to counteract some parts of BUB because their constituents are furious.
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CU Medallion [19048]
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Brah
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Aug 18, 2025, 8:59 AM
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Covid, unemployment through the roof, highest inflation since Carter, and you numbskulls passed the Green New Deal. And now try to act all high and mighty. LOL.
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Clemson Sports Icon [52202]
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Then why didn't the Trump and the GOP stop spending?
Aug 18, 2025, 9:11 AM
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Didn't they promise that and lie? Where are you there?
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Rival Killer [2874]
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The Green New Deal was never passed.
Aug 18, 2025, 9:16 AM
[ in reply to Brah ] |
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The simplest of google searches would tell you that.
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All-TigerNet [5882]
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TigerNet Champion [113070]
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If rates are dropped any significant amount
Aug 18, 2025, 10:02 AM
[ in reply to Shows how bad of an idea the BBB was with interest rates ] |
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inflation will soar. AND you won't see any relief in mortgage, credit card, and loan interest rates, actually will see the opposite.
Most people assume the fed lending rate guides other interest rates throughout the economy. That is NOT so. The fed rate, that Powell raises or lowers, that is ONLY the interest rate the Federal Government pays for its debt. PERIOD. THAT IS IT. The goal of the fed is to set a rate for the governemnt that matches the economy that funds the governemnt.
If you look at the bond market, it is not, has not, and won't respond to lower inflation numbers, or Powell dropping rates. There's a very good (bad) reason for that.
We are entering a stagflation environment. That means high-ish and rising inflation, and job losses and economic slowdown. Lowering rates won't have the same impact because we have lost our deflators. If you're stupid, you lower rates in this environment and you become Argentina or Zimbabwe or Venezuela.
Furthermore, I mention we've lost (a portion) of our deflators, that's immigrants and imports. HOWEVER, we are spending like we're still getting that deflationary benefit, and we are not. So this is why we are entering a stagflation scenario. Hyperinflation only comes from doing something stupid. Like firing the statistics guys, and hiring yes men, and firing the Fed chairman and appointing another yes man. That's the banana republic stuff that gets you from stagflation to hyperinflation.
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Solid Orange [1343]
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Re: If rates are dropped any significant amount
Aug 19, 2025, 10:56 PM
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The fed sets the overnight interest rate between banks. The rates we pay on the debt are set a few different ways for bonds, notes, and bills that I can think of. I-bonds are a base rate plus inflation (not sure what sets the base rate since there aren’t auctions). The base rate for TIPS are set by auctions. Rates for most simpler securities are set by auctions, basically by what the big players offer under the face value of the bond, bill, or note. This is where Trump is getting us into dangerous territory, pissing off all our biggest foreign creditors at the same time he’s exploding the debt. If they reduce how much they buy, rates go up.
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TigerNet Champion [113070]
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It has happened before, in other countries.
Aug 20, 2025, 10:22 AM
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The statistics provider is compromised, the data is forged, numbers are made rosy, and the central bank lowers rates. And yes, this does improve the budgets, lowers red ink, etc. FOR THE GOVERNEMNT. But the other debt markets lose trust in the data (happening here), and they refuse to go forward on the assumption is is accurate. And the non-governemntal markets see rates RISE, even as central banks lower rates to the government.
IF the private markets believe the governemnt data, and they lower consumer interest rates, mortgages, etc., then you get the hyperinflation.
Our Fed and Bond markets are doing what they're SUPPOSED TO DO, so far, luckily. That may not last if Trump gets his way and his minions in at all levels.
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Tiger Spirit [10075]
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Clemson Sports Icon [52202]
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TigerNet HOFer [125875]
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Re: Let's also take a look at long-term stupidity
Aug 18, 2025, 8:28 AM
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This adds up to about 3 trillion per year x4, we will be around 50 trillion in debt by the end of Trump's second term. I guess we are lucky, we will be alive to watch the world burn.
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Clemson Sports Icon [52202]
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TigerNet Champion [113070]
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TigerNet HOFer [125875]
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Re: Republicans have been absolutely HAD by Trump***
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Aug 18, 2025, 9:09 AM
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I once heard that stupid, incompetent people cause more harm in the world than those who are simply evil by nature.. When you combine all 3 and put them into a supreme position of power, we should not be shocked by the outcome.
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TigerNet Champion [113070]
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Evil people take advantage of stupid people. That's why
Aug 18, 2025, 10:05 AM
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stupid people are dangerous. Most mean well, they're just misguided, and misinformed. And that's US today, for sure.
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TigerNet HOFer [125875]
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Re: Evil people take advantage of stupid people. That's why
Aug 18, 2025, 10:09 AM
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On their own, they are harmless; it is the loud, confident ones who climb a few rungs up the ladder who cause the most damage.
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TigerNet Champion [113070]
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We have reached a critical mass of ignorant people in the US.
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Aug 18, 2025, 10:42 AM
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Back in 1999, as a senior, I took a 600-level history course on the Appalachian South. The Professor was Dr. Rameth Owens, an older lady from the mountains. Very bright, and a perfect professor to teach the history of the Appalachian South.
We had a research paper due that was like 40% of the course grade. There may have been 16 students in the class. Right at half were graduate students. Two years earlier Dr. Bruce Ransom had put the fear of God in me when I failed to properly cite sources in a paper. He took me into his office, dissected my paper, and lit me up for not citing sources. Said he could turn me in for this. Honestly he was being picky because some of my sources were notes from a history course. How do I cite that? ANYWAY.....from that day on I cited EVERYTHING I could think of.
Now, back to Dr. Owens and her paper on the Scopes Monkey Trial. She handed those papers back and I got an A+, she wrote excellent work blah blah. Anyway, after giving back all the papers she lit into the entire class for improperly citing references in their research, and for FAILING to cite references. She flunked every paper that didn't cite references. The others did not sufficiently cite sources, they got C's and D's. She pointed to me and said "Mr. Tiggity was the ONLY student, in this entire class, half of whom are GRADUATE students, to properly cite his sources in his paper".
But what came next was the prescient part. She said it is embarrassing to have to read papers without citations and sources listed. She said if this is indicative of college students across America today (25 years ago), our future will be very bleak as a nation, and characterized by ignorant and misinformed people. Future generations will suffer mightily if the news stops citing sources, and science stops citing sources, and history books stop citing sources, and then we will be in a very bad situation. And here we are. She was right. Every single day, some left wing or right wing nut finds something on social media, runs with it, and it's fake, not sourced, and often made up. Whole websites are dedicated to fact checking, because we're so misinformed, and lied to. And the people who believe the garbage and viral crap on social media frankly, scare the #### out of me, regardless of their politics.
Is what it is, but Dr. Owens hit the nail on the head.
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TigerNet HOFer [125875]
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Re: We have reached a critical mass of ignorant people in the US.
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Aug 18, 2025, 11:34 AM
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I don't get it, I have met some smart and accomplished people who tell them things in confidence like as, "You know they are all trying to kill us, right?", or "Have you read RFk's book on Dr Fauci", this from an MD. I just play dumb; there is no point in arguing. My previous Primary Care physician's last words to me were, "Please do not think I am some conspiracy theorist".
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Clemson Icon [24744]
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Republicans have WILLINGLY BEEN HAD by Trump***
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Aug 18, 2025, 9:11 AM
[ in reply to Republicans have been absolutely HAD by Trump*** ] |
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Republicans are no longer Conservatives but have undergone transition therapy and become MAGA.
For MAGA, data in any field no longer matters. Discussions with MAGA is worthless with the proliferation of lies, absence of basic logic and truths, complete disregard for any information that doesn’t fit their narrative etc.
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TigerNet Champion [113070]
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I think CA and myself will beg to disagree.
Aug 18, 2025, 10:23 AM
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The segment of Republicans, the ignorant ones, who have been marginalized for decades, well, they came out of the woodwork, and elected an evil leader. These people are more than willing to sell their soul, and our nation, down the river to end DEI, and have their views forced, in even unconstitutional ways, as they see the system as already failed. This is the core of the MAGA crowd, and they're bigger than you think. Bigger than the socialists or communists in the US by miles. In numbers and votes.
Politics, in a democracy, will be geared to wherever the votes may be. Trump tapped into that disaffected segment of Republicans who are (were and are) rightfully frustrated. AS A REPUBLICAN, and a CONSERVATIVE, this has been my biggest fear, for a good decade, probably two now. I never feared we'd become socialist, or communist, or whatever else. The numbers are not there for that, in the US. The numbers ARE there for something just as bad, or even worse, a right wing autocrat to usurp power to placate those who have been disaffected.
Trump LOVES the conspiracies when he campaigns. He loves the uninformed vote. He gets in office and he shoots them all down. But Trump has successfully pandered to a base of voters who have been marginalized for decades, from both parties really. And I supported Trump and voted for him over Hillary in 2016. It took a Trump/MAGA rally in 2017 to show me the light. Looking around, that auditorium, and seeing the people, those who have long-held grievances, and no voice to be heard, that scared the crap out of me. MY PEOPLE, scared the #### out of me. I knew then and there, where this was heading, and here we are.
Sucks being a history major. But it's the Trumps of the world, and the AOC's of the world, and the Hillary's of the world, and the Bidens of the world, they are going after the outliers now, and that's dangerous, because the outliers, especially those who have long felt unrepresented, like the voters who sent the Tea Party to Congress only to have them either run out or assimilated, those voters who have banged their heads against walls for decades trying to get spending cuts, and a balanced budget, and whatever else, those people are desperate, and that showed at that rally in 2017. And the absolute idolization and zombie like admiration they had for whatever words same from Trump's mouth, it was a very familiar scene, for a history major.
To date we have a fake fentanyl crisis, (Canada is lumped into this somehow), and a crime crisis in Washington, DC, an immigration crisis, even though we've had this many immigrants in the past, and a trade crisis, as we run a deficit in trade. All these FAKE crises are being used by trump to usurp power and gain control. And meanwhile Congress is shellshocked, as they only want to keep getting reelected and keep throwing money around. And America suffers. Sad really.
If, say in the year 2000, after the Florida pregnant chad recount, if term limits and a balanced budget had been FORCED on Congress by the 50 states, I would argue we wouldn't have Trump, or have had Biden, or Hillary, or a debt crisis, or anything else. Two simple tweaks to our legislative body would have prevented everything happening now and changed the entire trajectory of our future as a nation.
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Clemson Sports Icon [52202]
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Re: Republicans have been absolutely HAD by Trump***
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Aug 18, 2025, 9:14 AM
[ in reply to Republicans have been absolutely HAD by Trump*** ] |
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I think his followers like Keowee also know they've been took but they keep scrambling for defenses because they don't want to have to admit to all of us that we were right.
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TigerNet Champion [113070]
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I've come totally clean.
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Aug 18, 2025, 11:11 AM
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I supported Trump in 2016. And I explained exactly when, where, and why I stopped supporting him.
But today, I'm past all of that. I didn't become a liberal, I didn't become a socialist, or a communist, I'm still generally conservative, but I have become one very sad American. Because I know it doesn't matter what my political beliefs are, or that of Trump, or that of AOC or Nancy Pelosi or anyone else. None of that matters anymore.
Our failures are structural, and rooted human nature, not politics. We have a structural problem being exploited for decades now by human nature. Could easily have been some socialist to rise and become the autocrat, but the autocrat is a given, no matter the politics.
If we manage to have a peaceful election in 2028, it won't matter. The system has a failure point, a weakness, and a problem that politics can't and won't fix. Only a GOOD HUMAN BEING can fix it, and this type of problem will never attract a GOOD HUMAN BEING to fix it. Quite the opposite. Failing systems attract the opposite of fixers, it attracts destroyers, vultures who will feast on a carcass. Just like a failing company attracts venture capitalists to feast on the carcass, same in politics.
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National Champion [7943]
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Re: Deficit Spending up 20% in July, 289 Billion
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Aug 18, 2025, 8:38 AM
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Republicans are the biggest bullchitters when it comes to the debt/deficit. They pretend to care but never do anything about it except make it worse.
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TigerNet HOFer [125875]
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Re: Deficit Spending up 20% in July, 289 Billion
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Aug 18, 2025, 9:19 AM
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They have been systematically dismantling trust and solvency in our government institutions in favor of privatization since Reagan. Somewhere along the way, ideological fervor overtook common sense.
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Oculus Spirit [43312]
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Re: Deficit Spending up 20% in July, 289 Billion
Aug 18, 2025, 11:34 AM
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PS I posted a link about this last week and it ended up with me being a transphobe who wants to starve people’s meemaws
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CU Medallion [19048]
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So many of u are mad at the deficit yet begging for more involvement in Ukraine?
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Aug 18, 2025, 11:54 AM
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SMH
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TigerNet HOFer [125875]
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We spent 130x more on DOGE than aid to Ukraine in 2025
Aug 18, 2025, 12:30 PM
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But hey, at least Palantir has our SS and IRS data to sell to the private sector.
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Varsity [109]
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Re: Deficit Spending up 20% in July, 289 Billion
Aug 18, 2025, 1:00 PM
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Not to worry, Dear Leader promised he will not only balance the budget but also pay down the debt.
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Tiger Spirit [9989]
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Re: Deficit Spending up 20% in July, 289 Billion
Aug 19, 2025, 9:37 PM
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Liberals talking about the deficit, how cute.
GREEN NEW DEAL says hello.
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Rival Killer [2874]
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That was never passed.
Aug 19, 2025, 9:38 PM
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A simple google search says hello.
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Replies: 34
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