President Trump’s budget deal with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer unleashes spending, kills the only existing restraint on it, and uncaps the national debt. The political move takes the debate off the table during the presidential election season. Pelosi and Schumer crow that the deal allows them to “advance progress for the people.” Does it also signal that any claim to fiscal conservatism by Republicans is dead?
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Fiscal Conservatism Dead: Trump’s Deal with Democrats Unleashes Spending, Uncaps Debt
President Trump’s budget deal with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer unleashes spending, kills the only existing restraint on it, and uncaps the national debt. The political move takes the debate off the table during the presidential election season. Pelosi and Schumer crow that the deal allows them to “advance progress for the people.” Does it also signal that any claim to fiscal conservatism by Republicans is dead?
26 replies on “Fiscal Conservatism Dead: Trump’s Deal with Democrats Unleashes Spending, Uncaps Debt”
Trump is far from perfect, but I’d like to hear from the “never Trumpers” exactly WHO their ideal candidate was? I’ve never heard anybody say it. Jeb Bush was going to do better? Seriously? Or Marco? Kasich? Cruz? Fiorina? Rand Paul? (Okay, maybe Rand.)
Also, it’s NOT enough to just stem the tide of illegal immigration by negotiating a deal with Mexico. But unless I’m misinformed, most of the illegal immigrants aren’t Mexicans anymore… they’re from countries like El Salvador, Guatemala, and various countries in Africa (although most do come here via Mexico).
WE MUST HAVE A WALL because once we elect another Democrat President (and very possibly even the next Republican President), new deals will be made and all those wonderful agreements will go out the window. At least with a physical wall, we have a CHANCE of stemming SOME of the tide. The wall is a MUST. Trump is the only one who has even TRIED to build a wall. I give him credit.
The reason we didn’t get funding for the wall, and the reason we didn’t get a repeal of Obamacare, rests squarely on the shoulders of a Republican Congress who WOULD NOT do it!
The national debt will never, CAN never be paid off. Forget the interest – it’s all smoke and mirrors, it’s ALL a sham. The Fed creates money out of thin air; it’s monetized debt. If the debt were paid off, our money supply would disappear. Please, please, please! Read “The Creature from Jekyll Island.”
There is a way out. Read chapter 27 of Leviticus about the Year of Jubilee. It was an economic and spiritual reset. All debt wiped out, a fresh start – with the prospect of another Year of Jubilee in fifty years, looming large in the minds and memories of the people, to keep them from going down this rat hole again. There is no indication in the Bible that Israel kept this particular law. They wouldn’t even keep the Sabbatical every seventh year, which is why they had to spend seventy years in captivity (so that the land could get its rest.)
Like most of God’s ideas, they are really, really good, and they really, really work. But we don’t listen. We gotta “do it my way.”
How does a country go broke? Two ways: Gradually, then suddenly.
I am a member of an Economics Program at a maj9r university. The economic professors routinely say the debt is not an issue and not out of line with the percent of GDP. Also, my financial advisors tell me not to worry about the debt.
They may be correct, as long as the US Dollar is the international medium of exchange. I don’t know if that would continue to be the case after a default.
I have a question. How do you tell the American public the “truth” in today’s media and political environment?
Trump made his fortune leveraging debt. I’m not sure this could have gone any other way.
If Karl Denninger is right we’ve got 5 years, maximum. Anybody still betting they’ll be long gone before this mess blows up had better have their bug-out bags ready.
This is what we’re up against: https://podcasts.apple.com/us/podcast/best-of-the-left-the-best-of-progressive-and-liberal-talk/id124960485?i=1000441229518
Fiscal conservatism was always a dead parrot.
There are four ways out of this…
First Way:
1. Pass debt on to the Federal Reserve.
2. Issue gold-backed currency.
3. Allow Fed dollars to hyperinflate.
4. Pay off the Fed debt with the value of a dozen eggs.
5. Run a balanced budget with the gold-backed currency.
Second Way:
1. Perform takedown of the Fed, Rothchilds, etc.
2. Seized the assets by the Executive Order.
3. Pay off the national debt.
4. Institute a balanced budget.
Third Way:
1. Sell off federal holdings of US property.
2. Use proceeds to pay down the national debt.
3. Institute a balanced budget.
Fourth Way:
1. Let the sucker collapse.
2. Try to rise from the ashes.
(This method not recommended.)
The fourth way is actually plan A from years ago.
Trump is I believe half way though:
1. Create and ready for issue hundreds of new banking licences and set it up so accounts are automatically transferred. (already done.)
2. Use technology to deflate the cost of living by 90% so a default becomes survivable.
3. Gold currency with blockchain tools under the hood. Eliminate capital gains on gold. [Hopefully I’m not the only person telling Trump about Shire Silvers small denomination gold currency.]
4. Allow the old banks holding half the debt to die with the debt but no account holders because they have already moved due to step 1.
5. New revenue system based on Crowd funding beginning with Brian Kolfage’s crowd funding of the wall. [I’m on kolfage’s mailing list even though I’m a Australian.]
Some of us have suggested these things and we are seeing Trump follow up but quietly.
Fiscal conservatism has been dead for about a 100 years now. It will never sell as a political talking point these days considering the fact that both Dem and Rep population are so hooked on state spending that no one would ever vote for fiscal conservatism and slashing of government programs even though it is the right thing to do. Furthermore national debt is so staggeringly high that there is nothing Trump, or any sitting POTUS for that matter, can do about it. I think Trump is doing this for 2 main reasons:
1.) Domestically, he knows that the Dems and Big Tech are hell-bent on rigging the election against him in 2020 unless he makes a compromise. He needs more time to get things done.
2.) Internationally, he needs the funding to counter ChiCom’s ultra statist expansion, specifically in terms of military spending, trade and monetary manipulation. Since at this rate, ChiCom will inevitably result to currency devaluation to keep their political economy going, central banks around the world and their respective govts are essentially locked in a quantitative easing race to the bottom in which all sides try to outspend each other. At this point, there is no going back. The question now is who is going to default first.
I pray to God that Trump will eventually go with the First Way or the Second Way, instead of cucking us all into a global social credit system, which is practically 1984 hell on earth (as if it’s not already is), to save his own ass. My best bet is still on Trump because I know every single one of them Dem jokers as well as most of the Republican party are just going to cuck us all 100% for some worthless fiat chump change from the establishment.
All of my options, with the exception of “let it crash” pay off the national debt, albeit the First Way is more of a default than a payoff…
The Rothschilds? Really? Antisemitic much? Or just into conspiracy theories? And how exactly is this “takedown” “performed”? By wielding enormous and destructive (and unlawful) government power. You seem to have an awful lot in common with The Squad.
Warren Wolfe knows what he is talking about. Just because taking down the Rothschilds is an option does not mean it is Antisemitic. That is like saying wanting to investigate the Clinton makes you racist against white people,or investigating Ophrah makes you racist against black people, or like going after the Squad makes you a racist against minority.
Furthermore you must have been living under a libtard propaganda rock if you still think that this is a conspiracy theory in 2019. You can’t even think straight, Jocelyn Raish. Get outta here, you brainwashed useful idiot.
Vu, there are few places in the world where people can engage in civil dialogue without the vitriol we find in the toxic sewer of social media. Your first paragraph offers fair counter argument. Let’s try to keep it on that level. Glad you, Warren and Jocelyn are here. We appreciate your support.
I only tried to defend an elder’s good name against such outrageous slanders. Why must I get called out and later threaten? while the real transgressor only gets a pat in the back? What is this world going to if this is how things always work out, Web McMaster?
There’s always one in any crowd…
The Rothschilds own the state banks. That their family is Jewish, or comes from Jewish roots, is irrelevant. I am a lifetime member of a Jewish fraternity, by the way. Nice try, though.
You cry a version of “racist” and then compare me to the Squad? Hypocritical much? The destruction of the world-wide Satanic cabal is underway. As part of that, President Trump signed an Executive Order to confiscate the property of large violators of human rights, and treason. I am assuming he did that because he plans to use it. I see that as PROPER use of government power.
Default is inevitable! The plan is to make it survivable.
When you know your going to default you double down and pump every conceivable cost into the doomed debt. Cutting services as an idea is dead, if you do that your gone from congress and the White House.
There are solutions and Trump is running with them but it will take time. the deal is moot if trump has another plan being prepared. Switching to a gold currency is part of it. Shutting down agencies it part of it; as is Crowd funding public goods and block chain technologies. I commented on them here on Bills site weeks ago:
https://billwhittlecom.wpenginepowered.com/star-trek-budget/
Key phrase “who elected them”, and as I heard Bill say “we get the government we deserve”. This will most likely take down our capitalist way of life and replace and impose the most unthinkable.
Even the Vote is on life support (possibly, dead already). Even the ‘good’ politicians (all 5 of them) are doomed to go down with the ship.
I am NOWHERE near that pessimistic. I see the return to real representative government and the return of stolen assets.
You pretend it was capped as things stood?