Originally Posted by
dawg80
Back to the adult discussion (excluding goosey)…
Yes, I understand that. But, it's not about retiring the whole $20 trillion+ debt. It's about reversing the accumulation of it. Even if we made just a little headway against it, that would be enough to spur confidence in the US and in the US economy. Now, you may be thinking, isn't the US economy doing well now? Yes, it is. But I think it's as much pent up investment, after 8 years of the worst prez in history, as it is real economic expansion. Yes, there is some genuinely new investment....some of that spurred by the tax cuts. But the lion's share of the growth is from money, many $trillions, that sat on the sideline for 8 years waiting for a real POTUS to show up again.
Now, that's all good and wonderful, and all of that, but eventually, in a few years, that'll be used up. In other words, there is a limit to the vault of sidelined money. And for us to sustain the economic growth, at this rate, beyond the next few years will require sound management of the US economy, which includes clipping the wings of the runaway federal guvmint. And that includes curtailing spending by the guvmint. REMEMBER: all this debt is caused by, and is the problem of, a too-large federal bureaucracy...i.e. The Swamp.
Our debt grew from $4 trillion in 2003 to $8 trillion by 2008, thanks to GWB trying to be liked by the libs, and Bush is a firm member of The Swamp, to $19 trillion by 2016 thanks to obummer/reid/Pelosi. ALL OF IT due to over-spending by the federal guvmint. Stupid morons like goosey try to blame Trump's tax cuts for the debt, but when the debt grew the most, 2008-2016, there was high taxes, certainly no Trump tax cuts, but somehow...oh, never mind about 2008-2016 under obummer, it's all Trump's fault!
Again...right now the US economy is catching up for the 8 DEAD years under obummer. That is fine, but that will also run its course. At some point, in a few years,the economy will reach a level where it would have been at had we had a real POTUS from 2008-2016. It is making up for lost time. When the economy hits that point then ALL the factors that affect the economy will be in play. Real, organic growth of the economy is dependent on many factors, not the least of which is foreign investment....new money coming in...and that hinges on the confidence those investors have that the US dollar, the US economy won't collapse, or sink into a major depression. And the national debt affects that confidence.
If the dems get control, even of the House, then the current economic growth will apply the brakes. That will manifest the very next day, November 7th. Immediately, investment in future business growth will be put back on the shelf. Yes, there will continue to be some growth because some of the investment is already committed. There is plant construction and expansion, new investments recently made in commercial properties, and those will continue since it is sunk costs and might as well let it play out. But, just watch what happens come November 7th and the days/weeks thereafter.
Now, if this happens, meaning IF the dems cause the economy to tank again, that means that "the catch-up" will be postponed, and again business people will wait to see how the political landscape shapes up. But, if the Trump rally is allowed to continue unimpeded, then the economy will continue to prosper for more years to come....to a point. As I mentioned above.
So! all this points back to doing something about the national debt.
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