Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Honeycombe8

(37,648 posts)
39. Yes, it's a symptom.
Tue Jan 29, 2019, 07:32 PM
Jan 2019

The symptom has to be dealt with. Financial problems are not like medical, though. For a deficit problem, if you fix the symptom, you have cured the cause. For the time being. That's not the case with most medical issues.

A huge deficit also makes us even more beholden to China and other countries who hold that debt. That gives them enormous leverage over us. It's also a large amount of money flowing out of the country every year to pay the debt, instead of having it in the country to spur the economy, pay for our programs, and such.

Once a big tax cut bill is passed, it's unpopular to change it back. The Democrats under Obama extended the Bush tax cuts. I expect the same will happen with this last, very unfair tax cut bill. But we'll see. Maybe it can be rolled back somewhat.

Oh, well. It's not like I have any control over it. Both parties seem intent on borrowing money to pay for things. It's okay to pay for something by borrowing, if the program pays the country back in the longrun. You take out a mortgage for a house. After you pay off the mortgage, you probably have real estate worth more than the mortgage you got in the beginning. Or you borrow money to open a business, hoping that the business will pay back the loan and turn a profit over that.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Junior High dare n/t Apollyonus Jan 2019 #1
The best defense against him: Organize a boycott of Starbucks. olegramps Jan 2019 #21
Tomorrow's tweet: "Hey, Schultz, what are you, chicken? Buk buk buk!" Clash City Rocker Jan 2019 #27
This Is Trump Daring Schultz To Run.... global1 Jan 2019 #2
He's NOT a Democrat, he's more like a Libertarian Farmer-Rick Jan 2019 #11
Some Democrats oppose provision of health care to all at no cost to patient. David__77 Jan 2019 #12
Perhaps Farmer-Rick Jan 2019 #15
Yes-it would be tremendously expensive. David__77 Jan 2019 #17
Good point Farmer-Rick Jan 2019 #18
Exactly - When I Advocate For 'Medicare For All' I'm Not Considering That It Is Free Healthcare..... global1 Jan 2019 #20
Yup. They should emphasize instead "Cheaper + covers every citizen from cradle to grave" LiberalLovinLug Jan 2019 #30
And when Medicare is the only payer, they control the costs TexasBushwhacker Jan 2019 #35
I don't think he's a libertarian. Libertarians don't want govt at all. Honeycombe8 Jan 2019 #32
Deficits are a bogeyman the RepubliCONS use to keep social programs perpetually underfunded Farmer-Rick Jan 2019 #36
IMO, the deficit IS a huge problem. Honeycombe8 Jan 2019 #37
I agree with 90 percent of what you wrote. Farmer-Rick Jan 2019 #38
Yes, it's a symptom. Honeycombe8 Jan 2019 #39
Yes, it's not a perfect analogy Farmer-Rick Jan 2019 #40
Thanks! :) nt Honeycombe8 Jan 2019 #41
Exactly Owl Jan 2019 #19
Translation: please, please, please run for President, or I'll lose in a landslide. irresistable Jan 2019 #3
Democrats need to start boycotting Starbucks immediately. Lonestarblue Jan 2019 #4
WELL SAID! CurtEastPoint Jan 2019 #7
He is no longer with the company. BumRushDaShow Jan 2019 #9
He owns 32 million shares of the company marlakay Jan 2019 #22
He still doesn't hold a "managing" position BumRushDaShow Jan 2019 #34
Good point Farmer-Rick Jan 2019 #13
I don't go to Starbucks. notdarkyet Jan 2019 #16
Who asked you, Trumpnuts. C_U_L8R Jan 2019 #5
LOL - Best endorsement that Schultz has gotten! Pachamama Jan 2019 #6
Toddler trump tries to bait Schultz into running. lark Jan 2019 #8
Please explain FreeWheatForever Jan 2019 #10
"Please, Br'er Fox, don't fling me into the brier-patch..." NurseJackie Jan 2019 #14
Spoiler Alert. Snellius Jan 2019 #23
Gad! Maxheader Jan 2019 #24
Yawn... BlueIdaho Jan 2019 #25
If anyone knows about Cowardice atreides1 Jan 2019 #26
Sounds like Trump is trying to goad him into doing it probably with the hopes of weakening cstanleytech Jan 2019 #28
Schultz should immediately vacate any stores in Trump owned buildings. /nt IcyPeas Jan 2019 #29
Oh, Trump REALLY wants him to run! What amazing psychology! Nitram Jan 2019 #31
That is so fucking stupid redstateblues Jan 2019 #33
he double-dog dares you to run! 0rganism Jan 2019 #42
Latest Discussions»Latest Breaking News»Trump: Former Starbucks C...»Reply #39