Kamala Harris critics corner

[jakee 1,489]

2 hours ago, airdvr said:

Apr 4, 2024
In 2023, the federal government spent $658 billion on net interest costs on the national debt. That total, which grew by 38 percent from $476 billion in 2022, was the largest amount ever spent on interest in the budget and totaled 2.4 percent of gross domestic product (GDP).

Pretty sure we could do a lot of good with an extra half trillion every year.

And you can. Trump spent an extra eight trillion. Biden spent an extra six trillion. You can spend an extra half a trillion on whatever you want, whenever you want. It’s not real money.

But would you actually support spending half a trillion of government money on ‘things that do a lot of good’ or would you consider that to be unacceptable socialist government profligacy? 

Edited August 28, 2024 by jakee

[airdvr 210]

We have a serious infrastructure problem.  We could start there.

The whole point is my concern with electing someone who has demonstrated thinking you can spend your way out of any problem.

[jakee 1,489]

1 hour ago, brenthutch said:

Trump’s one was bipartisan and widely supported, bi-partisan, saved the country from a deep recession and was demonstrably non-inflationary. The Democrat money party was partisan not necessary and highly inflationary. 

Says who? You quoted one guy who said it was inflationary because he apparently compared the US to ‘some other countries’ and then you immediately laughed at the idea that you could compare the US economy to other countries. 
 

So at the moment you’re just running on ‘because I said so’ and I would be surprised if that moves many needles.

[normiss 798]

18 minutes ago, airdvr said:

We have a serious infrastructure problem.  We could start there.

The whole point is my concern with electing someone who has demonstrated thinking you can spend your way out of any problem.

The infrastructure is being addressed.

Unlike The Trumpster, the Democrats came up with an actual infrastructure plan and it's happening.

[billvon 2,990]

33 minutes ago, airdvr said:

 

The whole point is my concern with electing someone who has demonstrated thinking you can spend your way out of any problem.

Agreed.  Fortunately Harris is now an alternative to the "SPEND SPEND SPEND " policies of Trump.

[olofscience 480]

2 hours ago, brenthutch said:

Trump’s one was bipartisan and widely supported, bi-partisan, saved the country from a deep recession and was demonstrably non-inflationary. The Democrat money party was partisan not necessary and highly inflationary. 

Here you are again blaming the inflation on Democrats.

 

Many of us are not in the US but still experienced a LOT of inflation after 2020 - the supply chain disruptions due to COVID, the war in Ukraine, you keep ignoring those things for the Nth time.

 

I guess par for the course, you look like you can't handle equations with more than one variable, you also seem to not be able to fit more than one country in your thinking too.

[jakee 1,489]

39 minutes ago, airdvr said:

We have a serious infrastructure problem.  We could start there.

Then do it. There is not a single thing stopping the USA from spending another half trillion on infrastructure aside from political will. Biden's plan was to spend $2.3T on infrastructure, the Republicans savaged it down to (ironically) half a trillion. 

But you could have spent it. Whatever politicians decide to spend money on, they can. Bush found trillions to invade Iraq when he just wanted to. Obama found the money for the ACA. Trump found the money for fat cat tax breaks. 

Public spending is a matter of choice, not a matter of ability. The only reason you're not spending more on infrastructure right now is that Republicans chose not to.

Quote

The whole point is my concern with electing someone who has demonstrated thinking you can spend your way out of any problem.

Oh, ok. So you... don't want to spend more money on the infrastructure problem?

Edited August 28, 2024 by jakee

[tkhayes 348]

57 minutes ago, airdvr said:

You're the one who made the mortgage comparison.

In the case of many companies and individuals, it can also mean refinancing endlessly until end of life as long as the wealth continues to build. 

Guess you weren't around for 2008

I made the mortgage comparison as an inane response to OTHER similar comparisons, so if you have a problem with that, then please also respond to the people I was responding to and tell THEM that their comparison is invalid.

So at least you agree that the mortgage comparison is not valid.  Neither is pretty much any other comparison to home or personal finances, so let's just stop making such references and focus on what national debt means to the country.

And yes I was around in 2008 and lost some $200000 in equity.  Thanks George W Bush for that AND the $10T deficit.  Today my net worth is probably 4 times what it was back then.  Our GDP is almost double what it was in 2008.  there is growth.  The economy is fine.  We have inflation, as we have had MANY TIMES in the past and we survived.

Read the last three paragraphs of my previous post and respond to that... it is ONLY talking about the debt, the deficit and NOT about your or my credit card.

[airdvr 210]

30 minutes ago, normiss said:

The infrastructure is being addressed.

Unlike The Trumpster, the Democrats came up with an actual infrastructure plan and it's happening.

You mean like "shovel ready" right?

[normiss 798]

Just now, airdvr said:

You mean like "shovel ready" right?

I don't see that in my post, so no.

Sorry I missed the goal post relocation efforts.

I understand that writing a check doesn't get workers on the spot and resolutions produced in mere days. Never in my life have I seen ANYTHING accomplished by humans via a tag line used by reporters. But the method used by the media and those working to re-direct the discussion clearly works, as it's stuck with you at least.

[airdvr 210]

6 minutes ago, tkhayes said:

I made the mortgage comparison as an inane response to OTHER similar comparisons, so if you have a problem with that, then please also respond to the people I was responding to and tell THEM that their comparison is invalid.

So at least you agree that the mortgage comparison is not valid.  Neither is pretty much any other comparison to home or personal finances, so let's just stop making such references and focus on what national debt means to the country.

And yes I was around in 2008 and lost some $200000 in equity.  Thanks George W Bush for that AND the $10T deficit.  Today my net worth is probably 4 times what it was back then.  Our GDP is almost double what it was in 2008.  there is growth.  The economy is fine.  We have inflation, as we have had MANY TIMES in the past and we survived.

Read the last three paragraphs of my previous post and respond to that... it is ONLY talking about the debt, the deficit and NOT about your or my credit card.

Most everyone with assets took a bath in 2008.  Your net worth would have increased over time regardless so 4 times what it was isn't a static number.

Point was wreckless monetary policy was to blame for 2008.  Good thing the justice department sent all those thieves to jail...not.

[JerryBaumchen 1,362]

14 hours ago, kallend said:

Horse dewormer was his.  I know which I'd support.

Hi John,

Sticking a light bulb up your ass was also one of his.

Jerry Baumchen

 

[normiss 798]

3 minutes ago, JerryBaumchen said:

Hi John,

Sticking a light bulb up your ass was also one of his.

Jerry Baumchen

 

Seems at odds with "where the sun don't shine" doesn't it Jerry? Not such a bright idea after all.

 

[JerryBaumchen 1,362]

4 hours ago, airdvr said:

I think we should nominate you Jerry :).  Of course being a Democrat you can just skip the whole procedure and be appointed.

Hi airdvr,

I am not a Democrat.

Jerry Baumchen

[JerryBaumchen 1,362]

1 hour ago, airdvr said:

We have a serious infrastructure problem.  We could start there.

The whole point is my concern with electing someone who has demonstrated thinking you can spend your way out of any problem.

Hi airdvr,

Ronald Reagan did it.  Did you vote for him?

I did not.

Jerry Baumchen

 

[JerryBaumchen 1,362]

34 minutes ago, billvon said:

Agreed.  Fortunately Harris is now an alternative to the "SPEND SPEND SPEND " policies of Trump.

Hi Bill,

IMO she is now an alternative to a whole lot of policies of Trump.

Jerry Baumchen

[brenthutch 444]

Back on topic. Harris is to do her first interview but they won’t let her do it alone or on live Television. You guys expect her to run the country yet she is unable to answer questions without a minder.

Edited August 28, 2024 by brenthutch

[jakee 1,489]

7 hours ago, brenthutch said:

Two things, first of all you are confusing “attempting” with doing, so that is a big nothingburger. Secondly you are paying the bill for the Democrats money party everytime you get groceries, fill your tank, pay rent or try to buy anything on credit. 

Back on topic with this: the article you quoted claiming Biden is responsible for high core inflation says this "Core inflation is a common metric that excludes food and energy prices, which tend to be volatile," so no - according to your own sources you are explicitly not paying for any result of Democrat policies at the grocery store or gas pump. In fact, since overall US inflation has been lower than average, it stands to reason that US grocery and gas price inflation must have been much lower than the average of the rest of the world.

Although as noted, you clearly don't believe a word your expert said since one of the eight countries he compared the US to was Canada, so I suppose even the fact that he said “the seeds for a high-inflation environment were already planted,” won;t mean anything to you.

[brenthutch 444]

3 minutes ago, jakee said:

Back on topic with this: the article you quoted claiming Biden is responsible for high core inflation says this "Core inflation is a common metric that excludes food and energy prices, which tend to be volatile," so no - according to your own sources you are explicitly not paying for any result of Democrat policies at the grocery store or gas pump. In fact, since overall US inflation has been lower than average, it stands to reason that US grocery and gas price inflation must have been much lower than the average of the rest of the world.

Although as noted, you clearly don't believe a word your expert said since one of the eight countries he compared the US to was Canada, so I suppose even the fact that he said “the seeds for a high-inflation environment were already planted,” won;t mean anything to you.

And Biden threw gas on an overstimulated economy.

[JoeWeber 2,720]

2 hours ago, airdvr said:

That analogy only works if you're paying down your debt.

And you are in real estate, professionally? When interest was a lot higher than now I borrowed to buy assets looking to profit from use and appreciation. Worked great.

[kallend 2,026]

2 hours ago, airdvr said:

That analogy only works if you're paying down your debt.

I noticed that you went quiet when the data were shown that the debt grows faster under GOP administrations than under Dem.  Facts can be so annoying. 

On Dec 31, 2023, 77% of the debt was owed to Americans anyway.  The interest is coming to us.

Your entire argument is bogus.

[wmw999 2,444]

5 hours ago, airdvr said:

I think we should nominate you Jerry :).  Of course being a Democrat you can just skip the whole procedure and be appointed.

Oh, the only appointed president was Gerald Ford, with Nelson Rockefeller as his vice president (also appointed).

Wendy P.

[SkyDekker 1,465]

3 hours ago, airdvr said:

That analogy only works if you're paying down your debt.

Uhmmm, NO.

I have approx. $2B real estate assets under management. My loan to value for the entire portfolio is 63%. Equates to about $12.6M in mortgage debt.

Only about 5% of that debt is through an amortizing loan, so about $12M is interest only.

Edited August 28, 2024 by SkyDekker

[SkyDekker 1,465]

1 hour ago, airdvr said:

Most everyone with assets took a bath in 2008.

Only if you sold.

[SkyDekker 1,465]

1 hour ago, airdvr said:

Point was wreckless monetary policy was to blame for 2008.

Yes!!

Deregulation was indeed the major issue. Also why Canada didn't have the issues, cause we have government regulations.

Guess which candidate wants to get rid of as many regulations as possible?