Comments by "David H" (@DavidHalko) on "Why the US Can Go Bankrupt in 15 days [And No One's Fixing It]" video.

7:33 - “so what’s the problem” With the budget looking like: 19 % - Social Security (funded) 15 % - Health 14 %- Income Security 12 % - National Defense 12 % - Medicare (funded) 11 %- Education, Training, Employment, and Social Services (partially funded) 8 % - Net Interest 4 % - Veterans Benefits and Services 2 % - Transportation 2 % - General Government 1 % - Other If the military is 100% defunded, nuclear missiles are allowed to melt down in the ground, the deficit can not be eliminated & the budget will never hit balance. This being said, everything else must be cut, and the funded categories like Social Security, Medicare, and Medicaid should not be touched.
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The rich never lose money, only the poor lose money, since they are bound to the land, like serfs.
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@JHM52 - “Obama inherited…” …enough cash from the Bush deficit to run a budget surplus, but failed. Obama was a senator, who not only contributed to the economic disaster, through the laws he passed during is time as a Democrat lawmaker. The Democrats, a few decades earlier, passed the CRA, which enabled blackmailed rioters to blackmail banks into providing subprime loans in exchange for being allowed to open new branches in new neighborhoods, and then their policy led to a banking crisis in a few decades from too many banks going under. In order to resolve the Democrat created banking crises, Obama & McCain both agreed with Bush to take massive loans out of the Bush administration, to stabilize the economy. Obama & McCain agreed to the huge Bush spending deficit, because the loans were paid back [with interest] during what would be their future administration. Obama should have run a surplus, with all the Bush deficit money loaned to banks which was paid back with interest to the federal government, but Democrats were as incompetent to create the banking crisis, as they were with the incredible gift to make it possible to balance the budget. So incompetent, the Democrats who wrote the spending bills for Obama, still could not balance the budget, and Obama was incapable of getting people back to work by canceling the rules which encouraged people to work instead of receiving government benefits, and his political party was responsible for the failure of the a king system through their little blackshirts & brownshirts.
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@JHM52 - “Trump then…” Trump‘a first budget had a $440 Billion deficit, but Congress did not have the courage to pass it, Republicans or Democrats, because they were cowards who loved war more than they loved peace and Democrats loved the new slavery of illegal immigrants to substitute for the unborn they kill & those who were emancipated by Republicans from Democrat plantations.
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@shinokiba - “are facts exclusive to the Democratic Party?” Their party is not Democratic, a judge ruled that no laws were broken when Bernie Sanders was scammed by the Democrat Party by Hillary Clinton by cheating during primaries & debates. False facts are exclusive to the Democrat party, the political part of slavery.
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@teddycooke8145 - “the rich will tell you to…” to depend on government handouts, so they can be slaves on their plantation, bound to the land, and bound to the person they vote for to continue their handouts. “most people who… don’t have the capitol [sic]… to buy a second property as an investment” There is a family I know, who came here from Iraq, the second eldest boy went through High School, worked labor, went to aircraft mechanic school, worked labor, and eventually moved into investment properties. With the excessive spending of Democrats, constantly trying to buy votes, saved wages are worth nothing, and real estate is an asset one can invest physical labor into in order to receive a return on investment. As long as Democrats keep an open border, to supply their new plantations with slave labor, where housing permits number fewer than the border crossers… the value of land will increase and they will continue to make tremendous money [as the value of money continues to deflate from deficit spending.]
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9:44 - “reduce Donald Trump tax cuts” US president does not have the ability to cut taxes. Furthermore, the tax cuts also benefitted the poor & working poor in direct tax cuts, where most Americans no longer pay income taxes… the poor were allowed to get a free income tax ride under the those tax cuts. The tax cuts to corporations encourages multinationals from reorganizing & leaving the US for tax cuts, as they were doing, and keeps income tax dollars in the US from those huge organizations. This was a poorly organized video
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Another World Trade Center bombing by an Iraqi bomber or 9/11 bombing by Al Qaida would have made the saving from conducting the war evaporate in a few shorter years
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Student debt forgiveness, so the poor pay for the debt of the rich… the earning potential of college graduates is much higher. The only people who gain from student loan forgiveness are educational institutions who spend with reckless abandon.
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@JHM52 - “the Trump deficit” was written by Democrats, since Trump could not even get a little wall funded, when Democrats funded walls along highways across the entire nation!!!😂 What a comedy what was!
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Ukraine is getting nearly all old weapons, created a generation ago, which are being drawn down… fighting a war with Russia using weapons created during post world war 2 Cold War stockpiles, that no one wants. The weapons are assets already spent on, only tallied on paper, but not truly real spending. The US was going to retire most of them, anyway. Real spending is health care being provided to American citizens & illegal aliens, being paid to hospitals & doctors & pharmaceutical companies.
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The rich pay for nearly all taxes in the USA
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@karlmiller5009 - actually, you inverted that. The Democrats have always found ways to extract money from the poor, while Republicans passed tax cuts which stopped the poor from paying income tax. Inflation is impacting the poor, today, with housing prices… and not controlling immigration where illegal immigrants allowed across the southern border in numbers exceeding housing permits is just another way to make it happen. Democrats are merely returning to their roots by creating a new class of people not equally protected by the US constitution: illegal immigrants. It is the New Democrat Slavery.
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@quettagladiator5272 - “… by borrowing money from other countries” A minority of US debt is held by foreign nations. Most is owed internally, in the US.
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@quettagladiator5272 - “Social Security which HAS to be paid back to Americans sooner or later” Social security is basically a Ponzi scheme, where the young pay for the remaining living elderly. The government funds health care for the elderly, all they do is let the people die early, and the payment problem is solved. “Paid back” is only a problem for private providers of services, since the government has the power of the government gun.
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@karlmiller5009 - “fossil fuels… dying industry… smart money… refineries” Try 3D printing without refined petrol… or laying an asphalt highway… or asphalt shingling… or vinyl siding… or vinyl flooring… or plastic water bottles… or polyester clothing… or oil based paint… or polyurethane wood treatments… it is all made with oil. The only reason refineries are not being built is because people have been bought off and allow refineries to run with existing regulatory measures while requiring new refineries to be built with new regulatory measures. One could suspect the world could go back to using Ox Bladders to store hydrogen, instead of using carbon fiber tanks from refined oil, for next generation renewable energy, but that would require animals being harvested, and people are unhappy with the farts.
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@karlmiller5009 - yes, agreed. The hydrocarbons will never go away, we will only be forced to recycle carbon, better. Today, CO2 in the atmosphere is the greatest universal reservoir for carbon, to be used. Every plant creates sugar from water & CO2, plants eat sugar, animals eat plants for sugar. We synthetically produce hydrocarbons from atmospheric CO2, it is just a high cost. Once catalysts are commoditized, hydrocarbon drilling & mining will no longer be required, anyone can get it anywhere. Migrating the economy now, from hydrocarbons, just delays the inevitable, of nearly freely available / decentralized energy carriers and decentralized manufacturing. Printing fabrics & food are an amazing future.
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@baronbrummbar8691 - “why not simply raise the limit at the exact same time as when making the budget” Because that would require compromise, and no one wants to compromise, just shove agendas down the throat of another party, to buy votes for three next election from their electorate. The federal government responsible for direct distribution of wealth $$$ to individuals is obscene. Government should only be arbitrators of law & never involved in direct distribution of anything.
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@baronbrummbar8691 - you are right. Everyone wants something for nothing. It is the greed of the electorate.
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