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Joe Biden on the campaign trail: "If you like your health care plan, ..." // biden is out ! Login/Join 
Lawyers, Guns
and Money
Picture of chellim1
posted Hide Post
quote:
Originally posted by CharlieSW:
Borrow and spend, borrow and spend... anybody see a pattern ??

Yes, I see a pattern... it's not new but somebody is going to have to get serious.
DJT just might be the man to cut government...

The 2024 Election and the Economic Future of America
By Steve McCann

A so-called unwritten rule in the world of editorial writing is to avoid discussing in any detail the financial state of the country as the reader’s eyes would invariably glaze over and their interest would wane within the first few paragraphs. This patronizing unwritten rule is currently being used as an excuse to avoid discussing these vital issues in a pivotal election cycle wherein the legacy media has succumbed to a new hybrid virus combining Trump Derangement Syndrome and Biden Sycophancy Affliction.

While illegal immigration and the current state of the economy are the top issues dominating the current political stage, the nation’s uncontrolled spending and runaway debt should also be at the top of the list as they are major contributors to the current state of the economy. History is replete with examples of excessive spending and attendant debt creation leading to unconstrained inflation and ultimately the collapse of empires.

The United States is facing a similar fate. This nation is well down the road to becoming the most spendthrift and indebted nation in the annals of mankind and an understanding of the nation’s financial health is vital if we are to elude a similar fate.

In order to avoid drowning in a sea of numbers, it is advantageous to use a base year for purposes of comparison. The median age of the U.S. population in 2023 was 39. Thus, half of the American people alive today were born before 1984 and half born after 1984, and virtually all have experienced to some degree the financial roller-coaster on which the nation has been.

Since 1984 inflation has gone up 202.3%. An item costing $100.00 in 1984 would cost $302.28 today. This massive decline in the value of the dollar was brought about by excessive government spending, debt, and the attendant de facto money printing by the Federal Reserve to essentially cover the annual deficits.

In 1984 the U.S. government spent $832 billion. Applying the aggregate inflation since then, the 1984 spending level is equivalent to $2.514 trillion today. How much will the federal government actually spend in 2024: $6.941 trillion, or nearly triple the adjusted 1984 spending levels. This trend, which began a dramatic acceleration in 2009, has been ongoing since 1990.

This accelerating level of spending has overwhelmingly impacted the national indebtedness. In 1984 the total national debt since the founding of the country was $1.572 trillion. Since 1984, $33.328 trillion has been added to the national debt for a total of $34.900 trillion, an increase of an unfathomable 2,120%.

In 1984 the annual interest payments on America’s outstanding indebtedness was $198.8 billion; the current annual interest payments have increased 435% and now exceed $1,059.2 trillion, or 45% of all income tax revenue collected by the federal government.

Annual federal government spending has increased 180% as compared to inflation-adjusted 1984. Annual interest expenditures have increased 435% and the national debt has increased 2,120% since 1984. This is an unsustainable path that will inevitably lead to insolvency and collapse.

This is exactly what Biden and the Democrats will bring about if they were to retain the White House and Congress in 2024. The Democrat Party’s only interest is permanent one-party rule and not the future of the American people as corroborated by the recent Biden budget proposal combined with their long-term policy goals (e.g. student loan forgiveness, massively expanded welfare and entitlement programs, and the “Green New Deal”).

If the Democrats continue in power, by 2034 annual federal expenditures will approach $12 trillion. Per the Congressional Budget Office (CBO) the national debt will increase to $56 trillion, and interest payments will approach $2.0 trillion, or 84% of current income tax receipts.

These same Democrats are also proposing massive tax hikes on wealth, wealth creation, investments, capital, and income. These tax increases, combined with out of control spending and borrowing, will result in the government exercising exponentially more control over the economy as it siphons out an ever-increasing percentage of the nation’s wealth. As a consequence, real annual economic growth will, in all likelihood, be 1.2% or less per year.

As compared to 2024, by 2034 government expenditures will have grown by 75%, the national debt will have surged another $21 trillion, and interest payments will have increased by 90%, while the economy will grow by just 12%.

With this overall scenario, America’s ability to sell its debt at any reasonable interest rate to international investors will be seriously curtailed as the United States will have become a grossly irresponsible debtor nation. Consequently, the Federal Reserve will have to continually buy the government’s debt thereby effectively printing money and fomenting unending inflation. Inflation will, thus, remain in the range of at least 5% a year for the next ten years. What cost $100 in 1984 and $302 in 2024 will cost $500 in 2034.

If there are no dramatic changes over the next ten years, by 2034 the United States will have descended into a potential never-ending downward spiral that can only end in insolvency, chaos, and collapse.

The only viable solution to this headlong rush into insolvency and chaos is to soundly defeat the Democrats in 2024 and follow the lead of Javier Milei of Argentina by severely curtailing government spending, reforming entitlement programs, and focusing on policies to dramatically accelerate economic growth.

While Donald Trump is aggressively addressing the present state of the economy, the Trump campaign, the Republican National Committee, and the Republicans running for Congress must do what the legacy media will not—repeatedly tell the citizenry what their and the nation’s financial future will be if the Marxist-dominated Democrat Party retains the White House and Congress. Despite the media’s unwritten rule, the vast majority of the American people are sufficiently intelligent and involved to understand the economic plight of the United States.

https://www.americanthinker.co...ture_of_america.html



"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown

"The United States government is the largest criminal enterprise on earth."
-rduckwor
 
Posts: 24765 | Location: St. Louis, MO | Registered: April 03, 2009Reply With QuoteReport This Post
Get my pies
outta the oven!

Picture of PASig
posted Hide Post


 
Posts: 35039 | Location: Pennsylvania | Registered: November 12, 2007Reply With QuoteReport This Post
Page late and a dollar short
posted Hide Post
Im probably a bit slow on the gist of his equity loans, I’m taking it as a way to launder money, correct?


-------------------------------------——————
————————--Ignorance is a powerful tool if applied at the right time, even, usually, surpassing knowledge(E.J.Potter, A.K.A. The Michigan Madman)
 
Posts: 8453 | Location: Livingston County Michigan USA | Registered: August 11, 2002Reply With QuoteReport This Post
Dances With
Tornados
posted Hide Post
Not The Bee made a Parody of bidens debate preparation.

https://x.com/Not_the_Bee/status/1806421123241746893

Sorry I can't figure out how to direct link this. Anyone can advise me how? Thanks
.
 
Posts: 12031 | Location: Near Hooker Oklahoma, closer to Slapout Oklahoma | Registered: October 26, 2009Reply With QuoteReport This Post
Lawyers, Guns
and Money
Picture of chellim1
posted Hide Post
^^^ OKCGene, Here you go:

https://x.com/VincentOshana/st...i-cant-stop-laughing




"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown

"The United States government is the largest criminal enterprise on earth."
-rduckwor
 
Posts: 24765 | Location: St. Louis, MO | Registered: April 03, 2009Reply With QuoteReport This Post
would not care
to elaborate
Picture of sse
posted Hide Post
LOL
 
Posts: 3076 | Location: USA | Registered: June 12, 2008Reply With QuoteReport This Post
Member
posted Hide Post
https://x.com/jimmyfailla/status/1763600965679431871



_________________________
"Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it."
Mark Twain
 
Posts: 13374 | Registered: January 17, 2011Reply With QuoteReport This Post
Dances With
Tornados
posted Hide Post
Sky News Australia at it again.

 
Posts: 12031 | Location: Near Hooker Oklahoma, closer to Slapout Oklahoma | Registered: October 26, 2009Reply With QuoteReport This Post
Member
posted Hide Post
The biggest question post debate: What in the ever lovin’ heck were those presidential lackeys doing for the last seven days at Camp David? Surely at minimum, they could have fine tuned the supposed adderall cocktail….

We’re watching between Fox and MSNBC, it’s wild the comments and chyrons running underneath Maddow, Reid, et al.


Bill Gullette
 
Posts: 1559 | Location: Behind the Pine Curtain  | Registered: March 06, 2008Reply With QuoteReport This Post
Tinker Sailor Soldier Pie
Picture of Balzé Halzé
posted Hide Post
quote:
Originally posted by BGULL:
The biggest question post debate: What in the ever lovin’ heck were those presidential lackeys doing for the last seven days at Camp David? Surely at minimum, they could have fine tuned the supposed adderall cocktail….

We’re watching between Fox and MSNBC, it’s wild the comments and chyrons running underneath Maddow, Reid, et al.


Turns out this joke was actually pretty accurate.

https://x.com/DonaldJTrumpJr/s.../1806501841955655733



~Alan

Acta Non Verba
NRA Life Member (Patron)
God, Family, Guns, Country

Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan

 
Posts: 31138 | Location: Elv. 7,000 feet, Utah | Registered: October 29, 2012Reply With QuoteReport This Post
Member
Picture of sourdough44
posted Hide Post
Now the Dems put the replacement theory into practice.
 
Posts: 6505 | Location: WI | Registered: February 29, 2012Reply With QuoteReport This Post
Objectively Reasonable
Picture of DennisM
posted Hide Post
Everyone expected CNN to do a MUCH better job of carrying water for Biden and the DEMs with the format and rules of the debate.

With ALL of the advantages in their corner, they still couldn't prop him up.

Every American who saw his performance should be terrified. Not about the election per se, but about the fact that that the incumbent President of the United States is in the advanced stages of dementia and will still be in the White House for SEVEN MORE MONTHS.

There is no way they can keep the curtains over it anymore.
 
Posts: 2551 | Registered: January 01, 2004Reply With QuoteReport This Post
Member
posted Hide Post
There needs to be immediate congressional hearings to begin the process of invoking the 25th amendment.
 
Posts: 2541 | Location: WI | Registered: December 29, 2012Reply With QuoteReport This Post
Get Off My Lawn
Picture of oddball
posted Hide Post



"I’m not going to read Time Magazine, I’m not going to read Newsweek, I’m not going to read any of these magazines; I mean, because they have too much to lose by printing the truth"- Bob Dylan, 1965
 
Posts: 17464 | Location: Texas | Registered: May 13, 2003Reply With QuoteReport This Post
Happily Retired
Picture of Bassamatic
posted Hide Post
Stick a fork in him.



.....never marry a woman who is mean to your waitress.
 
Posts: 5171 | Location: Lake of the Ozarks, MO. | Registered: September 05, 2005Reply With QuoteReport This Post
Shall Not Be Infringed
Picture of nhracecraft
posted Hide Post
quote:
Originally posted by bigwagon:
There needs to be immediate congressional hearings to begin the process of invoking the 25th amendment.

Only 2 1/2 YEARS too late! Make ready for 'Kackling Kamala's Kunty Kringe Krisis'!


____________________________________________________________

If Some is Good, and More is Better.....then Too Much, is Just Enough !!
Trump 2024....Make America Great Again!
"May Almighty God bless the United States of America" - parabellum 7/26/20
Live Free or Die!
 
Posts: 9579 | Location: New Hampshire | Registered: October 29, 2011Reply With QuoteReport This Post
Member
Picture of Ripley
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Kamala Harris talked with Anderson Cooper post-debate. Cooper asked her "Is he always like this?"

Cooper is disingenuous, he knows. His real motivation is knowing the left can no longer cover for Biden with gaslighting, context and nuance. They can't hide the stink any more, everyone sees it now.

As much as anything, this is why the left are panicking.




Set the controls for the heart of the Sun.
 
Posts: 8622 | Location: Flown-over country | Registered: December 25, 2008Reply With QuoteReport This Post
Staring back
from the abyss
Picture of Gustofer
posted Hide Post
quote:
Originally posted by Ripley:
Cooper is disingenuous, he knows.

Which leads one to the obvious question - How/why did they allow this to happen. Every single person in his orbit (and most people outside his orbit) knows that he's a walking vegetable, yet they put him out there. Why?


________________________________________________________
"Great danger lies in the notion that we can reason with evil." Doug Patton.
 
Posts: 20853 | Location: Montana | Registered: November 01, 2010Reply With QuoteReport This Post
Get my pies
outta the oven!

Picture of PASig
posted Hide Post
Dementia Joe has provided us a rich treasure trove of jokes and memes this glorious morning!


https://x.com/TheRicanMemes/st.../1806542134297686431



 
Posts: 35039 | Location: Pennsylvania | Registered: November 12, 2007Reply With QuoteReport This Post
Member
Picture of RichardC
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Dr. Jill is playing the hand she was dealt down to the last white chip.


____________________



 
Posts: 16276 | Location: Florida | Registered: June 23, 2003Reply With QuoteReport This Post
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