which party is more likely to help the average person out economically?

Author: n8nrgim

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#61
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@sadolite
The United States currently allocates a significant portion of its budget to paying interest on the national debt. These interest payments reduce the available funds for other government priorities, potentially impacting areas such as infrastructure, education, and healthcare. It's the equivilent of throwing billions of dollars away to Ukraine every year for the same benefit. It's also tangential to the broken window fallacy where the interest on borrowed money spent by the government is paid through unrealized lost opportunity costs. Also, When the government competes for funds in financial markets, it drives up borrowing costs for private businesses and individuals, leading to reduced investment and economic growth. This means the private sector isn't going to do as well as it could. High levels of debt is most certainly going to restrict the government's ability to respond to economic downturns effectively. With a substantial portion of the budget already allocated to debt servicing, there may be little to no room for implementing fiscal stimulus measures during recessions or addressing future challenges. Imagine if we had another COVID typpe lockdown, would the funds be available for another round of stimulus spending? Probably not. The national debt's size and sustainability could impact international perceptions of the United States' economic stability and influence global financial markets. A loss of confidence from international investors will lead to higher borrowing costs, reduced foreign investment, and potential economic repercussions. This exacerbates the already present problem of countries like Russia and China taking a sizeable share of the world exchange currency. A problem USA made shortsightedly worse with innefective sanctions.

China is set to overtake USA in economic aid to Africa as it solidifies its world empire, unfettered by 130% debt to GDP ratios.




#62
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@Greyparrot
Net interest payments on the debt are estimated to total $395.5 billion this fiscal year, or 6.8% of all federal outlays, according to the Office of Management and Budget. So, you agree that Trump should not have increased the Debt 39 percent when he was in office?
#63
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@FLRW
Trumpmanbad doesn't mean Democratmangood.
#64
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@Vegasgiants
I did name them in another thread, you just ignored them. You are right I am wrong. Unchecked endless debt is not a problem. The govt can add to the national debt and never repay it forever.

#65
IwantRooseveltagain
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@sadolite
My position on this thread is the same, neither party will address the debt and spend the country into oblivion
Americans don’t want to pay for the government that they want.

They want a strong military but they don’t want to pay for it.

They want health insurance in their old age but they don’t want to pay for it.

They want their disabled family member to be taken care of, but they don’t want to pay for it.

They want their grandparent with Alzheimer’s to stay in a nursing home, but they don’t want to pay for it.

They think all these things should be available , but they also want low taxes on everyone including corporations and wealthy people.

You see the problem here?

#66
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@sadolite
I agree
#67
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@sadolite
Exactly.
#68
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@n8nrgim
It really depends on the industry a person is in. People constantly sneer at people in rural areas for “voting against their self interest” but what’s the economy based on in rural areas? Agriculture, resource extraction, oil/gas, or manufacturing. These are all industries that democrats are more or less hostile to due to pollution and whose viability they damage with regulations. 

If you’re a lawyer or most other types of urban upper middle class professionals (but not the defense industry), democrats. They’re more likely to pass more bloat you’re able to leach off of and they’ll want to bring in immigrants who are willing to cheaply clean your house or watch your kids while you’re at work 

If you’re a service worker in an urban or suburban area you’d want democrats nationally because they’re more likely to get you some mandated benefits and pay, but republicans on a state level. This is because blue state governments are more susceptible to NIMBYism (aka not building any housing) due to their concern about the environment and not worshipping the “free market”. This eventually causes everything in the state to be absurdly expensive and hampers economic growth which makes the position of the working class worse 

if you’re on welfare democrats 

If you’re a small business owner, usually republicans 

If you work for any industry that’s perceived as either icky to progressives (like defense, something to do with slaughtering animals, anything associated with religion in any way) or pollutant/ugly (like oil and gas, airlines, mining, fishing, logging, manufacturing) you’d want republicans unless you’re on the absolute bottom of the food chain in those companies and often even then 
#69
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@IwantRooseveltagain
You see the problem here?
Ya, a nation run by petulant children with no ability no to a nation of petulant children.  When the nation can no longer print worthless money they will all be told no in the harshest way imaginable.

#70
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@sadolite
Ya, a nation run by petulant children with no ability no to a nation of petulant children.
Want to try this line again? It appears to have been written by a child.

Who are your representatives in Washington? Are they petulant children? What are you doing about it? You get the government you deserve.

#71
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You get the government you deserve.
Sound advice when discussing bailing out California's monumental and growing state debt.

#72
IwantRooseveltagain
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Sound advice when discussing bailing out California's monumental and growing state debt.
More bullshit. Your article is more than 5 years old. California is financially sound. The author of the article is not an expert on the economy, he appears to be a 3 time loser.

I am the former Chairman of the CA Republican Party and I am a former candidate for the U.S. Senate seat in California. I am the Publisher of PoliticalVanguard.com, author of The New Conservative Paradigm and frequent talk radio and television commentator. I am considered to be the most Heard Voice in CA Republican Politics and was heralded by Mona Charen as a writer that “Not since Newt Gingrich in the 90s has a Republican activist so clearly analyzed what has gone right and wrong for the party and the Conservative movement.

And California has never needed to impeach their Attorney General.
#73
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California is financially sound. 

Source?
#74
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Topic's author
#75
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@thett3
good well thought out arguments 
#76
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@IwantRooseveltagain
What am I doing about it? Well I vote for who ever I think might have some power to do something and say No, and they don't get elected. Or they do get elected then they go to Washington DC and do the exact opposite of what they say they are going to do like a petulant child and increase the federal debt by another 4 trillion dollars over the next 2 years. What did you do to attempt to prevent  that?
#77
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@sadolite
What am I doing about it? Well I vote
So you think the country is run by petulant children and the only thing you do about it is vote.

You don’t knock on doors for a better candidate? I have

You don’t donate money to a better candidate? I have

You don’t make an appointment with your Congressman to tell them what you think? I have

You don’t use your voice in a letter to the editor? I have

You don’t stay informed on the issues and discuss them with other voters? I do

You don’t run for office and participate in debates? I have

#78
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Source?
Did Texas just impeach their Attorney General? Yes or no?

#79
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Did Texas just impeach their Attorney General? Yes or no?

Why are you praising Republicans for doing the right thing? You are deplorable. Or in late stage dementia. Let me ask Biden the "expert"
#80
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What party helps Slovenian sex workers?   Come to the USA on an Einstein visa and you can become First Lady!
#81
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Rats, after all of this I'm still only number 4? I now know how Melania feels, Ivana, Marla, Stormy and then her.
#82
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@FLRW
Why are you praising republicans? Absolutely deplorable.
#83
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@IwantRooseveltagain
I've written dozens of letters to my Congressman and to the Presidents. All you get from doing that is prewritten form letters blowing smoke up your ass. Try it sometime you will see. The letter is never read by the person it is sent to. How does knocking on peoples doors unannounced and regurgitating my philosophical and fiscal  views to people I don't know achieve anything? They aren't the least bit interested. Are you interested in anything I have to say? No I am a moron to you so you are no help along with the other 50% of the population that are just like you. When the govt can no longer print worthless money, this will all come to an end and everyone in govt and the population at large with their head in the sand will say "How did we not see this epic financial collapse coming?" Then govt and everyone will blame everyone else while everyone loses all their hard earned money and wealth with nothing to show for any of it. The day will come. The price for all this deficit spending  will be paid sooner or later by the people who can least afford it. Govt wont suffer, you will. And then you will blame me.

#84
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@sadolite
Unless you are Ukraine, a "too big to fail" bank, or a massive green energy corporation, you won't see one penny.
#85
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@sadolite
How does knocking on peoples doors unannounced and regurgitating my philosophical and fiscal  views to people I don't know achieve anything? They aren't the least bit interested
You’re not knocking on doors to have a debate, you are advocating for a certain candidate you think will do a good job.

Govt wont suffer, you will. And then you will blame me.
I’m in the top two percent of household income. I likely won’t suffer either. But that’s not the point. The point is Americans don’t want to pay for the government they want. The want a free lunch. They don’t even want the rich to pay more or corporations, which have seen their share of the tax burden steadily decline over the last 7 decades.

#86
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for the government they want.
Nobody is happy with the current government. Every year, more money gets funneled from the working class into corporate coffers through corporate welfare. This happens every year no matter what party is in power. What's the point of taxing the rich if it goes right back in the pocket anyway?  This party, that party, it makes no difference.
#87
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What's the point of taxing the rich if it goes right back in the pocket anyway? 
In 2017, without a single Democrat vote, the Republicans dramatically cut taxes for corporations and wealthy individuals. At the same time they raised taxes on the upper middle class and blue state Americans. They took away tax deductions for union dues, job related expenses, and the personal exemption.

The corporate tax cut was slashed from 35% to 21%. The top tax bracket on individual tax payers got the largest change going from 39.6 to 37% and moving the threshold for this bracket from 420 to nearly 700K.

There should be no doubt which party favors the rich. It’s the Republicans 

#88
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This party, that party...both are the party of the rich.

You love corporate welfare, FDR convinced you to love it.

The top tax bracket on individual tax payers got the largest change going from 39.6 to 37%
What's the point of taxing the rich more if you are going to just have a Democrat Congress just turn around and give it all back in corporate subsidies. It's the middle class that gets screwed. Might as well be a 90% tax rate listed on paper since corporations get near 100% of it all back in subsidies and corporate welfare...  That should be able to keep the Ponzi scam going longer as people believe the lies about who cares about the rich. And what's worse is we are going into debt to finance the corporate welfare. That's our kids paying today's rich in the future.

Neither party gives a crap, because America is run by an oligarchy of corporate lobbyists whose will supersedes the will of the voter, and they threaten financial campaign war on those in Congress who would dare defy them.


#89
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In 2017, without a single Democrat vote,
This is how they sell the lie that they are not both doing the same thing. The inflation reduction act filled to the gills with corporate welfare passed without a single republican vote, but make no mistake, most Republicans want the corporate welfare just as bad as Democrats because that's how they get their campaign money. It doesn't matter if they pretend to vote against it as long as they know it will pass. Just like the Democrats pretend to vote against the same corporate welfare that passes in a Republican Congress. The same shit happens no matter what party is in power. As long as the lobbies get paid in the end and the average American continues to get the shaft, the game will continue as designed.

Good cop/bad cop...it doesn't matter. The Average american still goes to jail.
#90
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The inflation reduction act filled to the gills with corporate welfare 
Oh really? How so?