Patterico's Pontifications

10/22/2017

Donald Trump’s Permanent $1 Trillion Deficit

Filed under: General — Patterico @ 12:30 pm

A fella named Stan Collender at Forbes says that Trump is headed for a permanent $1 trillion deficit:

Here’s how the annual $1 trillion budget deficits will happen.

In July, the Congressional Budget Office projected (Table 1) that the Trump fiscal 2018 budget will result in an average annual deficit of about $677 billion between 2018 and 2022. But that took the Trump budget pr[o]posals at face value and assumed Congress would agree to all the spending cuts proposed by the White House, something that the House and Senate have already shown no interest in doing. That makes the average annual baseline deficit over the next five years closer to $750 billion.

While the White House and its congressional supporters insist the tax cut the House and Senate will consider in the next month or so will eventually pay for itself with much higher economic growth rates, the congressional budget resolution passed by the Senate late last Thursday (and highly likely to be accepted by the House) assumes that the deficit will increase by about $150 billion a year over the next 10 years. Nonpartisan analyses show that the deficit will increase by an average of between $220 billion and $240 billion between 2018 and 2027 and even more thereafter. An average of the three estimates results in about a $200 billion increase in the budget deficit for each of the next five years.

That will make the annual deficit around $940 billion.

There’s more.

The “more” includes things like increased military spending, disaster assistance, and the like, all pushing our permanent deficit above $1 trillion.

You don’t have to agree with every aspect of Collender’s numerical analysis to see that Trump is not interested in controlling spending. Remember: former deficit hawk turned spendthrift Trump budget director Mick Mulvaney said: “We need to have new deficits because of that. We need to have the growth.” This is not the language of someone who is going to push for spending cuts. Our biggest issue going forward is entitlements, and Trump promised you during the campaign that reforming entitlements was not on the table.

I got very angry at President Obama for exploding our deficits and our debt:

But on the debt and deficit, he has been an unparalleled disaster.

Barack Obama has exploded our debt and shows no signs of letting up. The damage he is wreaking upon this nation will take decades to recover from — if we ever do. He is certainly making my children’s futures far more miserable.

Trump appears to be heading down the same road. The only difference today is that the GOP will be openly applauding him for it, or at least shrugging it all off like it’s no big deal. And a GOP Congress — which sometimes pretends to act on behalf of limited government when a Democrat is in office — gains zero political mileage out of opposing big spending when it is proposed by a Republican president.

And the apparently small minority of us former Republicans who actually cared about limited government and controlling spending are left shaking our heads in disbelief.

Meanwhile, the too-malleable word “conservative,” which used to stand for the small government envisioned by the Founders, now stands for “Whatever Donald Trump Says.” Which means that, in the view of unprincipled partisan Trump fanbois, I am now “not a conservative” — because I am criticizing the Wonderful Donald Trump. Never mind that I am saying the exact same things I have always said, and truthfully applying my long-held principles to Trump as I applied them to Obama. No matter. Posts like this will earn comments like “You’ve become just like Little Green Footballs” and “this endless Trump criticism is why I barely read you any more” and nonsense like that.

But remaining silent about the debt, while inventing clever and insulting terms for people who care about it and criticize Trump over it, will make someone a very popular and widely read “conservative” columnist.

2017, man. 2017.

[Cross-posted at RedState.]

105 Responses to “Donald Trump’s Permanent $1 Trillion Deficit”

  1. yes yes best to keep taxes high

    in fact by the logics in this post (economic logics) we should be raising taxes yes yes yes

    happyfeet (28a91b)

  2. This is a disgrace. If Republicans don’t cut taxes and try to reign in government, what is the point of electing them? We’re back to the 1970’s Rockerfeller Republicanism all over again.

    Pathetic.

    NJRob (6f04b4)

  3. That’s reign in government spending*

    NJRob (6f04b4)

  4. But that took the Trump budget proposals at face value and assumed Congress would agree to all the spending cuts proposed by the White House

    so President Trump wants spending cuts paired with tax cuts and cause a bunch of sleazy-slurpy war hero congresstrash don’t want to cut spending this is all President Trump’s fault

    would just like to clarify this

    happyfeet (28a91b)

  5. Fortunately Trump can only propose a budget. The Republican majorities in both houses, mindful of the GOPs longstanding commitment to fiscal conservatism, will no doubt restrain the excesses and produce a fiscally-sound budget.

    And of course, if Trump had proposed a fiscally-sound budget, the Republican majorities would never, ever load it up with pork and wasteful spending.

    Frederick (cd593c)

  6. CRUZ (harvard graduate): Well, thank you for that question. It’s a very good question. Listen, when it comes to the deficit and debt, it is immoral the debt we have. When Barack Obama was elected, the national debt was $10 trillion. Today it’s $20 trillion. One president doubled what 43 presidents had built before. We’ve got to turn it around. That’s a big part of why I ran for Senate.

    Now, how do you turn the debt around? I’ll tell you, the only force big enough to turn the debt around is economic growth. Congress is not going to cut spending enough to bring the debt around. Economic growth, from 2008 to today, economic growth has averaged 1.2 percent a year. It’s been miserable under the Obama economy. The average since World War II has been 3.3 percent, so we’re about a third of what is historically true.

    […]

    But let me make a point that’s particularly important. There are two different approaches, high taxes like Obama or cutting taxes like Reagan. One works and one doesn’t. I want to show you this chart, which is hard to see from where you are, so let me show you individual pieces of it. Because it’s important…

    Congress is not going to cut spending enough to bring the debt around.

    i stand with President Trump and Ted Cruz

    happyfeet (28a91b)

  7. Didn’t Trump say W was dumb for invading Iraq and not actually getting any oil out of the deal? If we do go to war again can we at least get some spoils? I need new carpeting in my LR. Hook a brother up.

    Pinandpuller (a15741)

  8. Rein in government spending.

    Charlie Davis (df08d0)

  9. it’s raining government spending!

    happyfeet (28a91b)

  10. Trump, ‘King of Debt,’ makes GOP fret

    “As a New York businessman, Donald Trump proudly referred to himself as the ‘King of Debt’ — he thrived on taking financial risks and routinely leveraged debt to grow his family empire.

    “I’m the king of debt. I love debt,” Trump told CNN’s Wolf Blitzer in May 2016 at the height of the campaign — blunt and telling comments that revealed just how comfortable the real estate mogul was in using debt as a financial tool. But now, the mindset behind that nickname is aggravating some of the President’s Republican colleagues in Washington.”

    “As GOP lawmakers are struggling to enact an agenda of spending and tax reform, they continue to face the painful reminder that Trump has no ideological drive to tame the deficit. The President has made clear that he doesn’t mind if deep tax cuts result in a ballooning of the national debt. He is not pre-occupied with offsetting new spending; and he is entirely comfortable with a clean raising of the debt ceiling.”

    “Trump’s statements have also raised questions about his understanding of the national debt. In a recent interview with Fox News’ Sean Hannity, Trump suggested that gains in the stock market have led to a reduction in the national debt. “We picked up $5.2 trillion just in the stock market,” he said. “So you can say in one sense, we are really increasing values and may be in a sense, we are reducing debt.”

    http://www.cnn.com/2017/10/21/politics/president-donald-trump-king-of-debt-tax-reform/index.html

    “Fake news,” eh, Captain, sir?!

    DCSCA (797bc0)

  11. The Republican majorities in both houses, mindful of the GOPs longstanding commitment to fiscal conservatism, will no doubt restrain the excesses and produce a fiscally-sound budget.

    I just can’t imagine being so confident of Republicans’ mindfulness about anything to do with fiscal soundness, cutting taxes and trying to reign in government. Those would be Conservative ideals, and that does not appear to be what the new GOP is about.

    Dana (023079)

  12. 43 Presidents? Ever heard of Andrew Jackson? He paid the debt off. The first seven don’t really count right?

    And how much has spending grown post 16th Amendment?

    Pinandpuller (a15741)

  13. The 16th Amendment is basically like one of those coal seam fires. All it needed was a couple senators with picks and shovels to feed it oxygen.

    Pinandpuller (a15741)

  14. @6. Canadian dollars, Mr. Feet? Always double check w/Tedtoo; he’s been known to be forgetful.

    DCSCA (797bc0)

  15. And points for consistency, Patterico.

    Dana (2c64dd)

  16. Sorry for being a grammar nudge, but reigns are for monarchs,rain for weathermen and farmers, and rein for equestrians and metaphors derived from that.

    kishnevi (d7d2b1)

  17. Republicans rein in spending

    Democrats reign in spending

    It ain’t no mo’

    Pinandpuller (a15741)

  18. On one point of the actual post: conservativism has more than one strand. Trump represents the nationalistic socially conservative strand.

    kishnevi (871225)

  19. @Dana:Those would be Conservative ideals, and that does not appear to be what the new GOP is about.

    Who is this new GOP that resides in Congress? The vast majority of these gentlemen predate Trump. Trump was elected in despite of them.

    The old GOP, the one that inhabits Congress, the one that hates Trump, that is the GOP that has chosen this path of not reining in spending.

    Frederick (cd593c)

  20. @Pinandpuller:Didn’t Trump say W was dumb for invading Iraq and not actually getting any oil out of the deal? If we do go to war again can we at least get some spoils?

    Which country is it that has all the reserves of printer ink? I propose that one. Gas under $3 bucks a gallon; printer ink must be 100 times that.

    Frederick (cd593c)

  21. I seem to remember some deficits under Bush 43 when his party controlled Congress. In fact, quite a lot of people in Congress then, are in Congress now.

    I do remember the Contract with America in 1994–and a lot of those guys are still there now. I’m afraid the old GOP was quite comfortable with busting the budget when it suited them.

    Frederick (cd593c)

  22. I just saw a license plate that said “GOY 3000″. I think it speaks to government incompetence.

    Pinandpuller (a15741)

  23. Mick Mulvaney said: “We need to have new deficits because of that. We need to have the growth.”

    this quote appears to have been taken out of context

    the full transcript is here

    you can clearly see that Mr. Mulvaney is not interested in being a “spendthrift” – his goal is to engineer growth through tax cutting:

    And as the budget director, you asked me an opening question, what happened to me? Why am I — why am I now interested in deficits? The only way you balance the budget in this country long-term is through sustained economic growth. And that’s what everything we are doing in this administration is aimed at that end goal.

    He’s making the exact same argument we see notorious spendthrift Ted Cruz making up at comment #6:

    Now, how do you turn the debt around? I’ll tell you, the only force big enough to turn the debt around is economic growth.

    happyfeet (28a91b)

  24. Iran has rare micropixel deposits in the mountains. That’s why hikers are discouraged.

    Pinandpuller (a15741)

  25. DAE think “scrolling” on a web page is vestigial?

    Do scribes have OCD about hanging the toilet paper over the back of the roll?

    Pinandpuller (a15741)

  26. Our biggest issue going forward is entitlements, and Trump promised you during the campaign that reforming entitlements was not on the table.

    If you have economic growth, you won’t have such great entitlement growth.

    One problem here is that does not gte into anything that might push peopple on to entitlements and keep them there,. Theu=y are relying entirely on macroeconomic forces, and probably wrong ones, too.

    There is another thing Donald Trump is looking at; Keeping interest rates low, and if he sticks to it, he will do more to prevent the national debt from rising than anything else he can do. He might re-appoint Janet Yellen because, he says:

    I’d like to see rates stay low. She’s historically been a low-interest rate person.

    – Donald trump to the Wall Street Journal, in July.

    So, he’s not another Andrew Jackson, which is good.

    Getting rid of Obamacare would help. While some people stay in the jobs they have for health insurance, other people do not get a job because of health insurance. And there are ither things too.

    One thing to note is that Donald Trump’s immigration and trade policies are based on acomplete;y different set of economic assumptions than his tax and budget deficit policies. But he probably doesn’t realize that.

    Sammy Finkelman (de36da)

  27. Dont’rain on my parade, kishnevi.

    But yes, you’re right. I just grabbed the comment without looking closely at that.

    Dana (023079)

  28. USA GDP is about 18.5 trillion so a 1 trillion deficit amounts to about an additional 5% tax on everyone in the country.

    That tax is being levied by way of currency devaluation through inflation.

    And make no mistake, the tax is being levied on those who hold cash or cash equivalents: savers.

    Why do you think the stock market and real estate appear to be going up? Only an idiot or a person desperate for a safer haven for foreign money would hold the currency or currency equivalents like bonds of the USA. Likewise for the many other nations behaving with even more stupidity and dishonesty.

    Fred Z (05d938)

  29. Deficits In Mirror Are Closer Than They Appear

    Pinandpuller (a15741)

  30. lol turns out Stan Collender’s a slicked-up hack

    he slurpies up the spending when a piggy weaksuck like barack obama does it! (slurp slurp)

    here’s Stan the hack burbling joyfully about Obama’s stimmy stimmy stimulus:

    Some experts maintain that all the spending is easily justified.

    You’re adding $787 billion to the economy that wouldn’t otherwise be there,” said Stan Collender, a veteran Washington budget analyst.

    good god read that again that’s astounding

    You’re adding $787 billion to the economy that wouldn’t otherwise be there!

    jesus effing christ did I read that right?

    You’re adding $787 billion to the economy that wouldn’t otherwise be there!

    whaaa?

    I can’t even process this.

    don’t know about you but not sure i trust stan collender

    happyfeet (28a91b)

  31. Anyone who relies on any projection by the CBO is an economic fool. The CBO is nothing by a CYA outlet for any congressman who wants to either vote for or against some proposed legislation. Someone please educate me by informing me; when was the last time that the CBO issued a future projection that turned out to be accurate?

    Phu Bai Phat (f35c80)

  32. One positive outcome of our friendly to trans four star generals is if my parents have T Bills they won’t be treated to Ike’s Bonus Army cumshaw.

    Pinandpuller (a15741)

  33. Sorry for being a grammar nudge, but reigns are for monarchs,rain for weathermen and farmers, and rein for equestrians and metaphors derived from that.

    kishnevi (d7d2b1) — 10/22/2017 @ 1:22 pm

    I realized it after a few other posts. Always fun typing on a cell phone.

    NJRob (6f04b4)

  34. Wasn’t there a provision of Obamacare that said if you sell more than a 10th of an oz of gold at your local pawn shop you have to fill out whatever that tax form is called.?

    Pinandpuller (a15741)

  35. Can’t we just grow ergo cancel the deficit by say 1985, err, uh 2025?

    Ben burn (b3d5ab)

  36. sarcasm ill-becomes you Mr. burn

    happyfeet (28a91b)

  37. “Trump’s statements have also raised questions about his understanding of the national debt

    He assumes the US just files Chapter 13, DC.

    Ben burn (b3d5ab)

  38. Marching toward Idiocracy since 1964

    Ben burn (b3d5ab)

  39. I don’t know if that was for me but I deal in puns and wordplay so 95% of the time I mean it every time.

    i.e. Nobody’s gonna rein in my parade.

    Hail King Obama we reign in deficits.

    Pinandpuller (a15741)

  40. OT –any interest here on a long comment with more digging around in the Uranium One deal, and the prosecution of the Russian energy official connected to Uranium One that was buried by the Obama Admin — including by Rosenstein, Mueller, and Andrew Weissman??

    If yes, I’ll type it out. But it will take a bunch of time, and I’m not going to waste time putting it together if no one is interested.

    shipwreckedcrew (56b591)

  41. Think about it. Most of the Trump opposition is over his methodsrather than his objectives. If he were housebroken as RWR with the same amiability you would be quite content.

    Think about Voodoo Economics and how different the Republican Party is in 2017 when it comes to their Pyramid/Ponzi and I feel certain our Host is not alone in his political tribe, but I wish more Republicans would come out before they retire.

    Ben burn (b3d5ab)

  42. swc,

    I am very interested but I also don’t want to ask you to spend a lot of time of you have family things going on.

    DRJ (15874d)

  43. … if you have family things going on.

    DRJ (15874d)

  44. Always shipwrecked.

    NJRob (6f04b4)

  45. yes yes yes

    happyfeet (28a91b)

  46. No no no, not

    God reign America

    God rein America

    Whichever is worse

    Pinandpuller (a15741)

  47. Show us on the map where America touched you, Ben.

    Pinandpuller (a15741)

  48. Until Congress is serious about entitlement reform, or at least paying for the entitlements they perpetuate, the deficits will continue. Tax cuts can stimulate growth but they have to be long-term cuts and it will take a while to see the benefit.

    Consumption taxes (no, not sales taxes) would help if they were big enough. Europe funds a lot of government through stiff fuel taxes. Ross Perot campaigned on adding several dollars to the price of gasoline, with a gradual tax increase (I think it was 25 cents more each year), much as the Brits did under Thatcher.

    Sure, you can “cut government” but there is a lot of it that is off the table. They could not even reform Obamacare, which is widely hated. What do you suppose they will do with programs that people support, and rely upon, like Medicare and Social Security? (clue: not cut them)

    It may be a good idea to rein in Social Security Disability payments, which exploded under Obama after the SS folks were told not to check too closely for people over 50. It lowered the unemployment numbers.

    But there are not a trillion dollars in cuts to be had. Nothing like that, unless Trump dissolves Congress and rules by decree. Tax cuts on income may help the economy more, but there has to be more revenue, or a sea change in Congress (hint: not Bernie’s crowd).

    Kevin M (752a26)

  49. Most definitely SWC. Short of maintaining an active counter-intel and/or criminal investigation going it’s hard to see the last administration’s actions as anything other than self-serving.

    crazy (d99a88)

  50. I’m thinking St Louis. It t’aint Memphis and it t’aint Chicago.

    Pinandpuller (a15741)

  51. $1T = Obamacare. Too bad Congress won’t at least cut the Obamacare spending they didn’t authorize.

    crazy (d99a88)

  52. It’s officially TREND

    The new Czech Presidents party.

    https://en.m.wikipedia.org/wiki/Czech_Social_Democratic_Party

    Ben burn (b3d5ab)

  53. OK — mostly because DRJ asked, and I have a long-established soft spot for her even it she thinks it might not seem like it sometimes, I’ll put it up later. Hopefully she can convince Patrick to read it because I think he will find it interesting. I’ve stumbled upon a treasure trove of info about the prosecution, and Andy McCarthy undersells it when he says “It Stinks.”

    IMO, if I was AG, I would use the information to end some DOJ careers tomorrow.

    shipwreckedcrew (56b591)

  54. Your perspective, would be mist appreciated, I think there is more to do with the amerivsn side of the transaction.

    narciso (d1f714)

  55. In 2014, Putin tried again — no dice. Last summer, Browder testified against him before the Judiciary Committee in the U.S. Senate, to damning effect. Obviously ticked, Putin tried again. This time, Interpol had Browder’s name on the list for a month, before deleting it.

    In the wake of Canada’s new Magnitsky act, Putin has tried again. Tried for a fifth time. Interpol has accepted his request. Worse, the U.S. government seems in partnership with the Kremlin: Our government has revoked Browder’s visa. (American-born, Browder is a British citizen.)
    http://www.nationalreview.com/corner/452978/why-bill-browder-banned-america

    Ben burn (b3d5ab)

  56. Please follow Burnie bro’s links. PuhlEESZE!

    Nuff said.

    Steve57 (0b1dac)

  57. Often to win an argument all you have to do is shut up and get out of the way.

    Steve57 (0b1dac)

  58. It’s been done Steve. Why don’t you take a stab at it.

    Ben burn (b3d5ab)

  59. You’re doing fine, Ben. Scream. Like the wind. Blow. We Sailors know bad weather is always with us.

    But don’t pretend you can recover from this public exposure, scumbag.

    Steve57 (0b1dac)

  60. Thank you, swc, and I feel the same soft spot. I am looking forward to reading your comments because this is outside my legal comfort level, but please don’t feel obligated if it becomes an imposition.

    DRJ (15874d)

  61. The wiki, is based on ‘neutral’ sources like this one, you know the balder meinhof fan in the 70s:
    https://www.boell.de/en/2013/10/31/political-earthquake-czech-republic-rejection-established-parties

    narciso (d1f714)

  62. I always read your comments, shipwreckedcrew.

    nk (dbc370)

  63. Just the kind of independent analysis we need:

    https://ourfuture.org/author/stan-collender

    narciso (d1f714)

  64. I suspect his tightfist on cash is that he’s Real Estate rich and cash poor..
    http://thehill.com/blogs/blog-briefing-room/356551-trump-says-hell-pay-legal-bills-of-some-wh-staff-report

    Ben burn (b3d5ab)

  65. Its always one of these things

    https://player.fm/series/the-john-batchelor-show-96788

    narciso (d1f714)

  66. I don’t blame Trump. Government, and ergo government spending, will continue to grow as long as Congressional staffers and campaign volunteers need phony-baloney government jobs. I don’t know what we could do about it. Elect a President and Congress who promise to shrink government, cut taxes, balance the budget, and dissolve the administrative state?

    nk (dbc370)

  67. Not that “we the people” are blameless. I listened to a debate between the clowns running for governor of Illinois, for a few seconds this morning. One of them, a Big Pharma trust fund baby, gave as his credentials that he had “community organized” to expand the school lunch program and to build a Holocaust museum, without, in his own words “writing a check” from his own money. Gah!

    nk (dbc370)

  68. We have. Gov luther vs the space cadet, in one corner :

    http://www.sun-sentinel.com/news/politics/fl-reg-scott-nelson-florida-poll-20170828-story.html

    narciso (d1f714)

  69. $677 billion/year? $940 billon/year??

    At $32 million per sexual assault settlement, how many women is that annually in Bill O’Reilly dollars?

    DCSCA (797bc0)

  70. A wailin’ song

    Tis advertised in Boston
    New York and Buffalo
    A hundred hearty fellows
    A wailin’ for to go

    Blow, ye trolls in teh mornin’, blow, ye trolls, hi ho
    Haul away your runnin’ gear and blow, trolls, blow!

    I’ll tell you of certain troll
    A-runnin’ in and out
    They say he’ll make five hundred wails
    Before you’re six words out

    Blow, ye Ben, in teh mornin’, blow, ye troll, hi ho
    Haul away your runnin’ gear and blow, Ben, blow

    Commenter’s on the after deck
    A-squintin’ at the sails
    When up above our good host spots
    A mighty school of wails

    Blow, ye Ben, in teh mornin’, blow, ye troll, hi ho
    Seize upon harpoonin’ gear and throw, boys, throw

    Then lower down the boats, my boys
    And after him we’ll travel
    But if you get too near his wail
    He’ll take you to the devil

    Blow, ye troll, in teh mornin’, blow, ye Ben, hi ho
    Haul away your runnin’ gear and row, boys, row

    And now that he is ours, my boys
    We’ll bring him alongside
    Then over with our blubber hooks
    And rob him of his hide

    Blow, no more, in teh mornin’, blow, no more, hi ho
    Haul away your runnin’ gear and don’t, ye, blow

    When we get home, our ship made fast
    And we’re done with our sailin’
    A brimmin’ glass around we’ll pass
    and have us no more wailin’

    Blow, no more, in teh mornin’, blow, no more, hi ho
    Raise aloft your rum and beer and skol, boys, skol!

    felipe (023cc9)

  71. 🙏👍👏

    nk (dbc370)

  72. It’s hard to know “the truth”, and not all that important in these things. They, the “they”, eating each other.

    I have no reservations about O’Reilly — I’ve always viewed him as a phony, a blowhard, and a huckster. If I have any reservations about Wenstein is that heterosexual males have always been an endangered species in the entertainment industry and that brings out the conservationist in me. 😉

    nk (dbc370)

  73. Wrong thread again. Sorry.

    nk (dbc370)

  74. So the cob is a joke, and collender an enabler, they would probably score a entitlement reduction in the rate if growth as deficit raising, that’s what mulvaney was referring to. Of course robertscare
    Like the t 4 virus is still doing damage.

    narciso (d1f714)

  75. if there’s an inch of daylight between President Trump and Ted Cruz on this issue, it’s that Ted would like the tax cuts to be even bigger

    Sen. Ted Cruz wants to slash taxes even more deeply than many of his Senate GOP colleagues.

    The Texas Republican on Friday called for an “unapologetic tax cut” in the plan Republicans are hashing out and hope to pass this year.

    “I think we should be going much bigger and bolder” than the $1.5 trillion tax cut allowed in the budget resolution the Senate is expected to pass next week, Cruz told CNBC’s “Squawk Box.”

    happyfeet (28a91b)

  76. Well its what they think they can get past galapagos mccinnell, so who do the you think of the mcdaniel rematch against wicker?

    narciso (d1f714)

  77. i don’t think mcdaniel can beat wicker and whatever you might gain by swapping one for the other would be vanishingly incremental

    happyfeet (28a91b)

  78. Asadero no te quiero

    Nacido mentiroso

    Porque es tu dispacio

    Esta lugar es bueno, yo se yo se

    Asadero, Asadero

    Asadero quien es mas macho

    Perdido estas tu aqui

    Asadero casa un-maricon actividades

    Asadero, Asadero

    Asadero tu pinch* panoch*

    Asadero, Asadero

    No te quiero, no te quiero, no te quiero

    Pinandpuller (a15741)

  79. Sanders to run as an independent in 2018

    President Trump needs to start thinking in terms of an 8-year glide path

    happyfeet (28a91b)

  80. Permisso:

    Porque eres tu despacio

    Pinandpuller (a15741)

  81. I don’t want cheese, I don’t think that right? Or mcdaniel Wolfe and a a few others would have configured the senate

    narciso (d1f714)

  82. my feel if you successfully target the more obvious hit list of egregious war hero trash the ones like wicker will fall in line fairly agreeably

    happyfeet (28a91b)

  83. Ay yi yi maque dos

    Esta lunar es bueno, yo se yo se

    Asadero hasta tu cuello en rojo

    *no me recuerdi (?)

    Pinandpuller (a15741)

  84. my feel *is* if you successfully target i mean

    happyfeet (28a91b)

  85. The other definitions is roaster, cognates don’t work the same.

    narciso (d1f714)

  86. Me rendi, autocorrect.

    Pinandpuller (a15741)

  87. And lunar is a birthmark.

    narciso (d1f714)

  88. OK — Im done with my comment but its REALLY LONG.

    I’m going to post it under patrick’s earlier post about Russian collusion, and I’m going to break it up into about 4 different comments. So, if you can, please don’t put a comment in between until I say “OK, that’s then end”.

    shipwreckedcrew (56b591)

  89. Mr. shipwreck’s comment is here

    happyfeet (28a91b)

  90. Corrupt FBI turdboy Frank Figliuzzi supervised the post-arrest declassification and release of records from a 10-year operation that unmasked a major Russian spy ring in 2010. It was one of the most important U.S. counterintelligence victories against Russia in history, and famous for nabbing the glamorous spy-turned-model Anna Chapman.

    […]

    The ring highlights the long-standing efforts Russia has made to gain access to U.S. officials, which sprouted up well before the last election. But the recent events also illustrate how Russia’s efforts have advanced.

    Figliuzzi said they show a “logical evolution or morphing of methodology to exploit social media in a way that is far more effective and potentially damaging” than the spy ring rolled up in 2010.

    “We watched a sleeper cell of ten people for ten years that didn’t come close to the impact of a few thousand ads and posts on FB, Twitter, Google and Instagram,” he said.

    truly unbelievable

    these trashy fbi turdboys have absolutely zero shame much less an ounce of integrity

    happyfeet (28a91b)

  91. The only difference today is that the GOP will be openly applauding him for it, or at least shrugging it all off like it’s no big deal. And a GOP Congress — which sometimes pretends to act on behalf of limited government when a Democrat is in office — gains zero political mileage out of opposing big spending when it is proposed by a Republican president.

    You mean like the GOP going along with titanic deficits during Reagan (though during Reagan, the Republicans were not in control of Congress)? Or do you mean like the GOP did during Bush II, who increased government spending more than any of the six presidents before him — including LBJ (and the R’s were running Congress at that time)?

    Of course, they’ll be applauding him. It’s a con game on both sides of the aisle.

    J.P. (9e0433)

  92. Is that Felipe La Pew or haiku sock?

    Gawd, you both suck at it!

    Ben burn (b3d5ab)

  93. Pinandpuller (a15741) — 10/22/2017 @ 1:18 pm

    Ever heard of Andrew Jackson? He paid the debt off.

    That maybe wasn’t a very good idea. Federal debt is a sound security, according to Hamilton I think.

    Besides that, he created a terrible depression, by requiring payment for lad to be in specie, which only hit when Martin Van Buren was president.

    Sammy Finkelman (de36da)

  94. There he blows!

    felipe (b5e0f4)

  95. Federal debt is a sound security, according to Hamilton I think.

    From the borrowers to the government, in turn discounted by the government to third party investors. Back then, it would have derived from the concept of seigniorage — the government charging banks more for the money it prints for them than its face value. Like say it gives them $100 and wants $110 in x years. Now, if the government wants money right away, it offers them to me for $105 cash right now and I get the $110 when the notes come due. Like T-bills work now, but backed by the banks’ already existing obligation not next year’s tax revenue.

    nk (dbc370)

  96. Thx for the lead in Felipe! Evidence exposed at a crime scene… https://youtu.be/-kQTqSPqpE4

    Colonel Haiku (ef4f0e)

  97. Trump knows history better than the oblivious Never Trumpers.

    Cutting spending is a fool’s errand. A ticket to one term, loss of the judiciary and a victorious democrat who will ramp up the spending you cut.

    Nixon cut spending and we got more Democratic seats in 1970, an eviscerated the CIA, and a senate was stuffed with dangerous weirdos like Frank Church.

    The GOP and Never Trumpers were good tax collectors for the welfare state, while ignoring immigration: in the process, they lost California and the deficits are still there.

    If Trump cuts spending, Never Trumpers will be happy! As they would have been happy to have Hillary and Merrick Garland!

    But the voters won’t be. The Dems will retake congress, impeachment proceedings will start, the judiciary nominations will end, and all for a spending cut the Dems will reverse immediately.

    The best Trump can do is cut expenses: UN dues, foreign aid, etc., and keep the balls in the air till we get a congress with enough guts to revamp entitlements (holding breath).

    No the deficit is “not sustainable,” say the people who snubbed the Tea Party, and wanted Hillary as a fiscally prudent president. That’s true. But its no reason to slam on the brakes now.

    Harcourt Fenton Mudd (5e0a82)


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