Originally Posted by Wingedbeast

why pass anything at all?

Originally Posted by guppie

NOW we worry about debt/deficit. After the last administration inherited a 500B annual deficit, increased it every year with a big dumb tax cut, culminating with the largest budget deficit EVER. A 3.1T annual deficit in 2020!! DOUBLING any deficit of his predecessor, who actually decreased the deficit over his 2 terms by over half.

https://www.thebalance.com/us-deficit-by-year-3306306

Originally Posted by blockplus

i presume most people want the government to slow their roll no matter who is in charge.

Originally Posted by hummingbear

I’d say the opposite appears true. In general, people are more committed to their team than to their political convictions. There are very few people who actually care about debt without regard to who is doing the spending. Most are happy to let their side run up the bill then start complaining about it in 4-8 years when the other side does the same thing. It’s not a sustainable practice, but it does happen to be a very reliable pattern.

Originally Posted by guppie

NOW we worry about debt/deficit. After the last administration inherited a 500B annual deficit, increased it every year with a big dumb tax cut, culminating with the largest budget deficit EVER. A 3.1T annual deficit in 2020!! DOUBLING any deficit of his predecessor, who actually decreased the deficit over his 2 terms by over half.

https://www.thebalance.com/us-deficit-by-year-3306306

Originally Posted by LJ Driver

Every single year Donald Trump was president the US had higher tax revenue then every year Barack Obama was. 2021 will be the highest tax revenue year in the history of the US, even with unemployment and supply issues… We don’t have a revenue problem, we have a massive spending problem, and yes - it’s absolutely a bipartisan problem. It’s like Captains that make $300k a year, but still sleep in the crew room because they don’t have the cash to ”waste” on a $100 hotel.

https://www.thebalance.com/current-u...evenue-3305762

Originally Posted by guppie

And every single year from 2011 thru 2015 the Obama budget deficit decreased from 1.3T to 438B. With 5-10% annual increases in tax revenue AND spending cuts. Trump's big stupid tax cut increased revenue less than 1% a year, yet he signed budget bills increasing spending 10% annually. That's likely how he bankrupted his casinos and airline. We threw him out before he bankrupted America.... There is a term for guys like Trump..... luckily not two though. One and done.... like Carter.

Budget deficit by year.....
2015 438B
2016 585B
2017 665B
2018 779B
2019 984B
2020 3.1 tttttt Trillion

Originally Posted by blockplus

i presume most people want the government to slow their roll no matter who is in charge. The thought that past precedent dictates future action is silly. The government spending is out of control and is unsustainable. They want to talk about the full faith and credit of the US, but who is going to pay for the full faith. We will go bankrupt, it is inevitable. The only real question is will it be in our children’s lifetime or ours.

Originally Posted by guppie

30 years in this business, all I ever hear is that Dems are gonna take my money (and guns), yet we always get the phat contracts when Dems are in the White House. They nominate liberal, labor friendly NMB members that get assigned to our contract negotiations. Record breaking Contract 2000 is the best example. Signed under President Clinton. Contract 2012 and Extension 2016, both during Obama’s run are other examples. Of course we didn’t get one under Trump. Just a concessionary LOA and an all time high record annual deficit in 2020. He made Obama look downright thrifty in his handling of the financial crisis. Smokin Joe did not disappoint. He has nominated a Teamster lawyer to the NMB…. Lol. So get ready for our next contract.

And let’s talk about the stock market runs during Mr. Clinton and Obama’s terms. Wow. These gentlemen own the #1 and #2 best stock market percentage gains of modern times. Cha freakin’ Ching, baby!! And I still have my guns!! Lol. For the life of me, I can’t figure out why anyone would vote for more “lost decade” Rep presidents. It’s been my experience that my money grows best during Dem president’s terms. Both in contractual gains and B-fund earnings. Oh look, the S&P is up 20% year to date during Joe’s disastrous first year. Saddle up… 3 more years to go. Ridin with Biden. 😎

c