Potus ???

[Johnsond]

Kyle Reyes on LinkedIn: #thinblueline #lawenforcement | 151 comments

WWW.LINKEDIN.COM

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One of the wisest leaders in the history of our country. His words probably ring even more true...

Today’s politicians of all colours in all countries could do with watching that interview and taking in some of the very simple logic he talks about. 

[Steven P]

Intriguing and bringing it to the present day, with the thread topic. All about Financial control, and yet The Rapist wants to remove the US debt ceiling. US debt ceiling stops their Government borrowing too much without going back to the senate to explain why and ask for more. Yes, suppose politicians should watch it.

[GarethM]

16 minutes ago, Steven P said:

Intriguing and bringing it to the present day, with the thread topic. All about Financial control, and yet The Rapist wants to remove the US debt ceiling. US debt ceiling stops their Government borrowing too much without going back to the senate to explain why and ask for more. Yes, suppose politicians should watch it.

So are you suggesting they just shut up shop until some tax receipts come in ?.

 

You are aware of the amount of national debt they have, there's even a counter  and the shear amount they have to pay to just service that debt ?.

Edited 4 hours ago by GarethM

[Steven P]

The debt ceiling has worked for about 100 years... nothing wrong with that, the check is there to limit how much they can borrow without further scrutiny - nothing wrong with that. Remove it and their national debt can spiral further without that extra scrutiny. It is agreed and raised annually anyway.. but go beyond that you have to go back cap in hand - giving some restraint to all presidents. 

[GarethM]

13 minutes ago, Steven P said:

The debt ceiling has worked for about 100 years... nothing wrong with that, the check is there to limit how much they can borrow without further scrutiny - nothing wrong with that. Remove it and their national debt can spiral further without that extra scrutiny. It is agreed and raised annually anyway.. but go beyond that you have to go back cap in hand - giving some restraint to all presidents. 

Just have a look at the actual levels, highest in human history. The level of just paying the interest is mind boggling, that's why the ceiling has to keep going upwards.

 

It was high during Donald, mostly COVID but then went absolutely mental under Joe.

[GarethM]

If you get bored have a look at the IRS tax system, even state level taxation such as new York makes our relatively complex system look like back of a fag packet Vs their IKEA pictogram.

[Steven P]

I am kind of glad of our tax system...  employee so someone else worries about it all... but the ones who do worry about don't need to be masters in astrophysics! 

 

 

Debt ceiling - never been a fan of borrowing now in the hope that my Children and their children pay it all back - except in exceptional circumstances - which through history were generally big wars and defending ourselves. On the flip side, UK debt was nicely falling till the last government when it was steadily climbing and that excludes Covid - never sure if it is left / right wing policies as much as a "bribe the people to stay in power longer" policy. Generally think it is a good thing - this is all you can spend type of thing and not just keep lumping todays problems in children / grand children / great grand children to pay back, they will have their own problems.

 

However my favourite ex-president has bigly plans including buying Greenland (?!), Musk and the other tech billionaires who funded his campaign to 100's of millions are also going to want their $$+ back (and it was Musk who started calling for the debt ceiling to be scrapped... wonder why....), perhaps having some scrutiny is a good thing