Biden Presidency

[Irish#1]

I don't think this is going away.

 

[Blazers46]

I don't think this is going away.

Needed step after the IRS whistleblowers

 

[jprue24]

Of course it's not going away. Benghazi didn't go away until they had emails and thar didn't go away until Hillary did. This isn't going anywhere

Uecker is even trotting out the long debunked "Biden wanted the Ukrainian prosecutor fired for investigating Burisma" cause there really isn't much to this.

P.S. Uecker, Biden wanted the guy removed for NOT investigating Burisma (among others).

 

[Blazers46]

Of course it's not going away. Benghazi didn't go away until they had emails and thar didn't go away until Hillary did. This isn't going anywhere

Uecker is even trotting out the long debunked "Biden wanted the Ukrainian prosecutor fired for investigating Burisma" cause there really isn't much to this.

P.S. Uecker, Biden wanted the guy removed for NOT investigating Burisma (among others).

What do you make of him bragging about it? I’m really confused on how disconnected both sides are on the most obvious issues.

 

[jprue24]

What do you make of him bragging about it? I’m really confused on how disconnected both sides are on the most obvious issues.

Hunter bragging about it? You want me to comment on the thought process of a crack smoking failson? I have zero insight into what Hunter thinks about, but here goes...I guess.

From reports, the guy yesterday was pretty clear that Hunter was on the board because of who his father is. While I don't have numbers, I imagine many a failson gets hired because of who their father is.

"Do you know who my father is!?" is a pretty well used line when making fun of failsons. I guess that comes from similar, real life situations.

So it makes some sense to me that Hunter was bragging because it was the whole reason he had the position in the first place and he knew it.



Edit - I'm going to leave this post up even though I think I missed that you are talking about Joe, not Hunter.

 

[jprue24]

What do you make of him bragging about it? I’m really confused on how disconnected both sides are on the most obvious issues.

If you are talking about Joe, bragging about what specifically. I just want to make sure I'm responding to what you are asking.

 

[Blazers46]

If you are talking about Joe, bragging about what specifically. I just want to make sure I'm responding to what you are asking.

Bragging about holding aid if they didn’t fire said prosecutor

 

[jprue24]

Bragging about holding aid if they didn’t fire said prosecutor

Was that not US policy at the time?

 

[Blazers46]

Was that not US policy at the time?

So withholding aid to fire a prosecutor prosecuting the firm Hunter is entangled with is worse than Trump asking about it?

 

[jprue24]

So withholding aid to fire a prosecutor prosecuting the firm Hunter is entangled with is worse than Trump asking about it?

One was official US (and multiple other western nations) foreign policy and the other wasn't?

This really isn't complicated.

 

[jprue24]

So withholding aid to fire a prosecutor prosecuting the firm Hunter is entangled with is worse than Trump asking about it?

See...here it is AGAIN from you guys....you have this backwards.

The prosecutor WAS NOT investigating Burisma. That was part of why Biden said what he said.

 

[drayer54]

“On August 20, 2014, four months later, the Ukrainian prosecutor general’s office initiated a money laundering investigation into the same oligarch, Zlochevsky,”“This is one of 15 investigations into Burisma and Zlochevsky.”

Burisma then gets multiple touchpoints with the US Government through Biden. Months later, Joe Biden is bragging about getting the prosecutor fired.

Was Shokin a weatherman? Do people need burner phones to talk about the weather?




House oversight has a timeline. I told everyone the narrative would shift to he was just a good dad.

Also- Bidenomics.

 

[NorthDakota]

Seeing news our credit rating dropped. That's not ideal.

 

[Blazers46]

Seeing news our credit rating dropped. That's not ideal.

Any Biden bad news is always well timed with some sort of Trump news/indictment.

 

[Irish#1]

“On August 20, 2014, four months later, the Ukrainian prosecutor general’s office initiated a money laundering investigation into the same oligarch, Zlochevsky,”“This is one of 15 investigations into Burisma and Zlochevsky.”

Burisma then gets multiple touchpoints with the US Government through Biden. Months later, Joe Biden is bragging about getting the prosecutor fired.

Was Shokin a weatherman? Do people need burner phones to talk about the weather?




House oversight has a timeline. I told everyone the narrative would shift to he was just a good dad.

Also- Bidenomics.

There has to be a good explanation for the burner and what did those G7 countries do now to cause our credit rating to go down?

 

[jprue24]

I love how you guys are going to pretend that Fitch didn't tell us why they downgraded.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said in a statement.

Fitch cuts US credit rating to AA+; Treasury calls it 'arbitrary'

Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

www.reuters.com

Clearly all Biden's fault.

 

[TorontoGold]

I love how you guys are going to pretend that Fitch didn't tell us why they downgraded.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said in a statement.

Fitch cuts US credit rating to AA+; Treasury calls it 'arbitrary'

Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

www.reuters.com

Clearly all Biden's fault.

They don't care or understand how debt works. Economics is not a real thing for them.

 

[Blazers46]

They don't care or understand how debt works. Economics is not a real thing for them.

Economics is part of the matrix

 

[ulukinatme]

They don't care or understand how debt works. Economics is not a real thing for them.

Really? I understand that the US government has been in debt since the Revolutionary War, and the repercussions are basically non-existent when it comes to their debts. We as taxpayers don't have the same luxury. We care more about economics at a micro level because it affects our bottom line, but inflation/interest rates are a major concern too. This country has been running a deficit every year I believe since 1970, save for 4 years. If the government was a taxpayer the IRS would have been garnishing their wages by now. Forgive me if I have a hard time taking the pearl clutching over the debt seriously.

 

[TorontoGold]

Really? I understand that the US government has been in debt since the Revolutionary War, and the repercussions are basically non-existent when it comes to their debts. We as taxpayers don't have the same luxury. We care more about economics at a micro level because it affects our bottom line, but inflation/interest rates are a major concern too. This country has been running a deficit every year I believe since 1970, save for 4 years. If the government was a taxpayer the IRS would have been garnishing their wages by now. Forgive me if I have a hard time taking the pearl clutching over the debt seriously.

It's quite obvious that no one here understands economics, yes. People take issue with inflation, but when asked which countries economy they'd like to model it after? Crickets. So, it comes off as a toddler-ish temper tantrum "inflation! bad!" "biden! bad!" but no actual policy points they'd implement or a country they can point to as what they wish Biden was doing.

The pearl clutching is solely coming from one direction. Your issue with pearl clutching should be directed at your conservative counterpoints. Will any of the staunch conservatives on this forum take issue with a lack care towards the deficit? Surely the very principled folks here will want to take this opportunity to argue about why the deficit is this existential threat.

If government spending is NBD you'd support educational debt forgiveness? Right? Or owning the libs is more important than growing the economy lmao.

 

[ulukinatme]

It's quite obvious that no one here understands economics, yes. People take issue with inflation, but when asked which countries economy they'd like to model it after? Crickets. So, it comes off as a toddler-ish temper tantrum "inflation! bad!" "biden! bad!" but no actual policy points they'd implement or a country they can point to as what they wish Biden was doing.

The pearl clutching is solely coming from one direction. Your issue with pearl clutching should be directed at your conservative counterpoints. Will any of the staunch conservatives on this forum take issue with a lack care towards the deficit? Surely the very principled folks here will want to take this opportunity to argue about why the deficit is this existential threat.

If government spending is NBD you'd support educational debt forgiveness? Right? Or owning the libs is more important than growing the economy lmao.


View attachment 3054025

I'm sorry, I can't hear you over the sound of "BRRRRRR"

Pretty sure you directed that question towards one person regarding which country you'd like to model the economy after. It's no secret the US has the largest economy, but that doesn't mean we're perfect. We're looking at another recession, and if you believe the Atlantic we're heading for a collapse in the future (Not sure I buy into that). Economic growth has gone up while quality of life has gone down they say. They blame the wealthy becoming wealthier, and there's probably some truth to that, but at the same time people have gotten lazier and more dependent on the government.

Why would I support educational forgiveness? Someone is going to have to foot that bill. One way or another it'll come down to taxpayers paying the price, probably indirectly via inflation once the government starts printing billions more to cover those debts. We budgeted to pay off my loans, and we're just now finishing off my wife's after all these years. You want me to pay for some kid's education because he didn't feel like paying his back like a responsible adult? He should have considered the consequences when he went to school for an expensive liberal arts degree that he couldn't afford to pay back once he got out of school. Yeah, you've got a great understanding of economics, and I don't know how debt works. I bought both my houses on 15 year fixed interest rate loans /w 20+% down to avoid PMI. Not only were the interest rates lower than a 30 year loan, but I will have paid thousands less by paying off the mortgages sooner...little trick I picked up from an Econ professor.

Where did I say that government spending is NBD? Oh, I didn't. I said we've been in debt since this country first existed and we've been running a deficit almost every year for the last 50+. I don't like it, but realistically none of that will change anytime soon. My point was that the government will continue to overspend because they can, while for the rest of us can't get away with that. I would love it if government would curb spending more. Quite frankly they take too much of our money and overspend far too often. I'm in favor of small government, less regulation.

 

[TorontoGold]

I'm sorry, I can't hear you over the sound of "BRRRRRR"

Pretty sure you directed that question towards one person regarding which country you'd like to model the economy after. It's no secret the US has the largest economy, but that doesn't mean we're perfect. We're looking at another recession, and if you believe the Atlantic we're heading for a collapse in the future (Not sure I buy into that). Economic growth has gone up while quality of life has gone down they say. They blame the wealthy becoming wealthier, and there's probably some truth to that, but at the same time people have gotten lazier and more dependent on the government.

Why would I support educational forgiveness? Someone is going to have to foot that bill. One way or another it'll come down to taxpayers paying the price, probably indirectly via inflation once the government starts printing billions more to cover those debts. We budgeted to pay off my loans, and we're just now finishing off my wife's after all these years. You want me to pay for some kid's education because he didn't feel like paying his back like a responsible adult? He should have considered the consequences when he went to school for an expensive liberal arts degree that he couldn't afford to pay back once he got out of school. Yeah, you've got a great understanding of economics, and I don't know how debt works. I bought both my houses on 15 year fixed interest rate loans /w 20+% down to avoid PMI. Not only were the interest rates lower than a 30 year loan, but I will have paid thousands less by paying off the mortgages sooner...little trick I picked up from an Econ professor.

Where did I say that government spending is NBD? Oh, I didn't. I said we've been in debt since this country first existed and we've been running a deficit almost every year for the last 50+. I don't like it, but realistically none of that will change anytime soon. My point was that the government will continue to overspend because they can, while for the rest of us can't get away with that. I would love it if government would curb spending more. Quite frankly they take too much of our money and overspend far too often. I'm in favor of small government, less regulation.

Ok, so I'll pose that question to you then - Biden is in charge and the US is leading with the lowest inflation rate in the G7, and 2nd in GDP growth among the G7. This is not good, according to you and #1. So what economy would you like to model?

Why wouldn't you? It's quite literally the best targeted relief package that could be used to stimulate the economy. You would be freeing up cashflow for educated individuals to put back into the economy. For those that "received theirs" they should be very concerned with asset prices increasing at a rate in which they can't offload to the next generation. If you have a widening gap between upper and lower class the people who are house poor you are going to have 2008 v2. If you own a business and want to transition to the next generation having a person with a strong debt base important to finance the transaction so having someone with a good debt mix is crucial. These are all numerous examples of why it's incredibly important that the US debt load for individuals is managed properly.

....The government.......is not going to print billions to cover the student loan debts - you understand how the deficit works, correct? They will acquire funds to then pay the debt holders back and assume that debt by re-financing it. So, yes, I am the one who understands how debt works lmao.

Assuming you have held a mortgage prior to 2000 and were paying a rate of 4-6%, paying off your mortgage sooner is exponentially a worse financial decision. If had have kept a 30 year amortization rate and plugged the additional payment in an S&P 500 ETF you would be so much better off.

You said you didn't care about the deficit, the deficit is directly tied to government spending so....On one hand you say the government is spending way too much, but then you say you don't care about the deficit? How do you figure the government is going to make you pay for it, how does that work?

 

[drayer54]

I'm sorry, I can't hear you over the sound of "BRRRRRR"

Pretty sure you directed that question towards one person regarding which country you'd like to model the economy after. It's no secret the US has the largest economy, but that doesn't mean we're perfect. We're looking at another recession, and if you believe the Atlantic we're heading for a collapse in the future (Not sure I buy into that). Economic growth has gone up while quality of life has gone down they say. They blame the wealthy becoming wealthier, and there's probably some truth to that, but at the same time people have gotten lazier and more dependent on the government.

Why would I support educational forgiveness? Someone is going to have to foot that bill. One way or another it'll come down to taxpayers paying the price, probably indirectly via inflation once the government starts printing billions more to cover those debts. We budgeted to pay off my loans, and we're just now finishing off my wife's after all these years. You want me to pay for some kid's education because he didn't feel like paying his back like a responsible adult? He should have considered the consequences when he went to school for an expensive liberal arts degree that he couldn't afford to pay back once he got out of school. Yeah, you've got a great understanding of economics, and I don't know how debt works. I bought both my houses on 15 year fixed interest rate loans /w 20+% down to avoid PMI. Not only were the interest rates lower than a 30 year loan, but I will have paid thousands less by paying off the mortgages sooner...little trick I picked up from an Econ professor.

Where did I say that government spending is NBD? Oh, I didn't. I said we've been in debt since this country first existed and we've been running a deficit almost every year for the last 50+. I don't like it, but realistically none of that will change anytime soon. My point was that the government will continue to overspend because they can, while for the rest of us can't get away with that. I would love it if government would curb spending more. Quite frankly they take too much of our money and overspend far too often. I'm in favor of small government, less regulation.

Don't take the bait to these silly talking points. We all know trillions of partisan spending is too virtuous to drive inflation up. What other country would I want to copy, as we're already the biggest and generally most free? If I have to pick- Gimme Switzerland.
I paid for my undergrad and graduate-level education without loans. Had I taken loans, I would have paid them. I borrowed money for a car or two and didn't ask my neighbors to pay. I'd prefer not to pay for others' debt and stupid degree choices from debt they willingly and freely accepted.

That image needs Hunter and the family funneling the cash.

 

[drayer54]

....The government.......is not going to print billions to cover the student loan debts - you understand how the deficit works, correct? They will acquire funds to then pay the debt holders back and assume that debt by re-financing it. So, yes, I am the one who understands how debt works lmao.

Once re-financed, who pays for it?

 

[TorontoGold]

Once re-financed, who pays for it?

The government? By paying a mix of principal and interest payments? Like, you know, any other debt instrument?

 

[Irish#1]

We don't need to pattern our economy after another's, we just need to quit spending so recklessly and work to reduce the deficit. Like I said before, being #2 out of 7 struggling economies doesn't mean you're doing okay. You're still struggling. If you get a D on a test when everyone else got an F do you think you did okay?

 

[Jiggafini19Deux]

We don't need to pattern our economy after another's, we just need to quit spending so recklessly and work to reduce the deficit. Like I said before, being #2 out of 7 struggling economies doesn't mean you're doing okay. You're still struggling. If you get a D on a test when everyone else got an F do you think you did okay?

Is it graded on a curve?

 

[ulukinatme]

Ok, so I'll pose that question to you then - Biden is in charge and the US is leading with the lowest inflation rate in the G7, and 2nd in GDP growth among the G7. This is not good, according to you and #1. So what economy would you like to model?

Why wouldn't you? It's quite literally the best targeted relief package that could be used to stimulate the economy. You would be freeing up cashflow for educated individuals to put back into the economy. For those that "received theirs" they should be very concerned with asset prices increasing at a rate in which they can't offload to the next generation. If you have a widening gap between upper and lower class the people who are house poor you are going to have 2008 v2. If you own a business and want to transition to the next generation having a person with a strong debt base important to finance the transaction so having someone with a good debt mix is crucial. These are all numerous examples of why it's incredibly important that the US debt load for individuals is managed properly.

....The government.......is not going to print billions to cover the student loan debts - you understand how the deficit works, correct? They will acquire funds to then pay the debt holders back and assume that debt by re-financing it. So, yes, I am the one who understands how debt works lmao.

Assuming you have held a mortgage prior to 2000 and were paying a rate of 4-6%, paying off your mortgage sooner is exponentially a worse financial decision. If had have kept a 30 year amortization rate and plugged the additional payment in an S&P 500 ETF you would be so much better off.

You said you didn't care about the deficit, the deficit is directly tied to government spending so....On one hand you say the government is spending way too much, but then you say you don't care about the deficit? How do you figure the government is going to make you pay for it, how does that work?

Again, you're putting words in my mouth. I never said we're not good. I just said the US has the largest economy, but we're also not perfect. We're essentially in a recession or heading into one, depending on what economists you ask. We've had the #1 average value of GDP (nominal) for decades, but other countries have made up ground. China has tripled their GDP since 2010 and moved firmly into #2. India has rebounded in the last 10 years and some expect them to grow to $22 trillion in the next two decades. I don't want to model our economy after either of these countries, why would I? That doesn't mean I don't want us to improve, they don't have to be mutually exclusive. I want less spending, less regulation, less taxes. That will help economic growth just fine.

Yes, forgiving student loan debt is the best way to stimulate the economy. We're going to believe that people that can't manage their money or their debt are going to be this big boon. You bail them out they don't learn a lesson, they just end up getting in over their head once more. Yeah, just pay off the loans and screw over all the responsible people that paid theirs off, that will go over real well. There's a reason Biden couldn't deliver on the student loan promise, he knew it was unconstitutional to begin with, but that didn't keep him from pulling the wool over the eyes of young voters.

You assume a lot. I didn't hold a mortgage until the last week of 2010. I sold the property in 2020 and built our next house in 2021 at a fixed rate of 2.5%. Because of my previous equity I'm paying just $1200/month with taxes and insurance included on a $300,000 home that I'll have paid off in 10-13 years now. For reference that's roughly the same value as renting a much smaller home in this area. For a few extra hundred bucks a month I'm saving $60,000+ over the life of the loan and looking at being debt free by the time I turn 50. You also assume I'm not already investing in mutual funds. Could I be making more investing the difference? Maybe, depending on the market conditions. I'll also be able to invest the entire amount I'm putting into my mortgage once it's gone, and I can look at riskier options with less financial responsibility to worry about.

Show me where I said I don't care about the deficit? Once again, I didn't. All I stated was a fact: we've run a deficit every year since 1970 save for 4 years. I don't like it, but I also acknowledge that it's not going to change anytime soon. They should quit overspending. How will they make me pay for their spending? They'll do what they always do, they'll tax me, or they'll steal from other programs like Social Security.

 

[TorontoGold]

We don't need to pattern our economy after another's, we just need to quit spending so recklessly and work to reduce the deficit. Like I said before, being #2 out of 7 struggling economies doesn't mean you're doing okay. You're still struggling. If you get a D on a test when everyone else got an F do you think you did okay?

Struggling economies? You can be seriously saying that - Canada/Germany/France/Italy/Japan/UK/US are struggling economies lol.

If you got the highest mark in the class and only got a D, I was say the prof clearly has higher expectations than what was shown. Maybe that professor can point to clear examples of what is missing, and what metrics that professor is grading me on and what historical precedent he has to say I only should have gotten a D. Hopefully that professor won't say "Vatican city"!

 

[TorontoGold]

Again, you're putting words in my mouth. I never said we're not good. I just said the US has the largest economy, but we're also not perfect. We're essentially in a recession or heading into one, depending on what economists you ask. We've had the #1 average value of GDP (nominal) for decades, but other countries have made up ground. China has tripled their GDP since 2010 and moved firmly into #2. India has rebounded in the last 10 years and some expect them to grow to $22 trillion in the next two decades. I don't want to model our economy after either of these countries, why would I? That doesn't mean I don't want us to improve, they don't have to be mutually exclusive. I want less spending, less regulation, less taxes. That will help economic growth just fine.

Yes, forgiving student loan debt is the best way to stimulate the economy. We're going to believe that people that can't manage their money or their debt are going to be this big boon. You bail them out they don't learn a lesson, they just end up getting in over their head once more. Yeah, just pay off the loans and screw over all the responsible people that paid theirs off, that will go over real well. There's a reason Biden couldn't deliver on the student loan promise, he knew it was unconstitutional to begin with, but that didn't keep him from pulling the wool over the eyes of young voters.

You assume a lot. I didn't hold a mortgage until the last week of 2010. I sold the property in 2020 and built our next house in 2021 at a fixed rate of 2.5%. Because of my previous equity I'm paying just $1200/month with taxes and insurance included on a $300,000 home that I'll have paid off in 10-13 years now. For reference that's roughly the same value as renting a much smaller home in this area. For a few extra hundred bucks a month I'm saving $60,000+ over the life of the loan and looking at being debt free by the time I turn 50. You also assume I'm not already investing in mutual funds. Could I be making more investing the difference? Maybe, depending on the market conditions. I'll also be able to invest the entire amount I'm putting into my mortgage once it's gone, and I can look at riskier options with less financial responsibility to worry about.

Show me where I said I don't care about the deficit? Once again, I didn't. All I stated was a fact: we've run a deficit every year since 1970 save for 4 years. I don't like it, but I also acknowledge that it's not going to change anytime soon. They should quit overspending. How will they make me pay for their spending? They'll do what they always do, they'll tax me, or they'll steal from other programs like Social Security.

Ok, so what's your point then because just generalized comments about "less spending less tax less regulation" doesn't work if you don't have metrics to base it on. You have made comments about inflation and that being of most concern, ok, so if inflation has reduced at a faster rate than other countries, and American's face less pressures under this current regime than in a previous regime (comparative to global counterparts) is that not a positive move?

You mentioned GDP, so if one president took the GDP growth rate and improved it - would you say that he is doing a better job than the previous guy?





Learn a lesson? Assuming that people with student debt aren't great at managing their finances is quite a leap. Student debt is still a worthwhile investment despite it's costs. I would say saving the entire economy from a devastating collapse is pretty important.

Ok, so using the calculator below you could have sunk the additional principal that was paid by accelerating the mortgage into a generic S&P500 index fund and got an annualized return of 8.8% (net of 11.83% - 2.5% (interest paid on mortgage) - 0.5% (MER for a passive index fund)). Quite a substantial missed opportunity.

S&P 500 Return Calculator, with Dividend Reinvestment

Estimate historical investment performance with the S&P 500 calculator. Show both inflation-adjusted and nominal returns, plus dividends.

dqydj.com

Ok - right here, this is where you said you couldn't care less about the deficit.

I couldn't care less about the deficit. We've been running a deficit every year but 4 since 1970, and we've been in debt since the Revolutionary War. The government doesn't really care about their financial obligations, they only are concerned about my own. To that end...when it comes to economics I'm really only concerned with policy that directly affects my family and others, because I've got enough on my plate as it is and anybody that screws with the balance unfavorably hurts me and my loved ones.