header pic

Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

The 'Old' CFN/Scout Crowd- Enjoy Civil discussion, game analytics, in depth player and coaching 'takes' and discussing topics surrounding the game. You can even have your own free board, all you have to do is ask!!!

Anyone is welcomed and encouraged to join our FREE site and to take part in our community- a community with you- the user, the fan, -and the person- will be protected from intrusive actions and with a clean place to interact.


Author

Topic: Federal Debt and Deficit

 (Read 40635 times)

MrNubbz

  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 21174
  • Liked:
Re: Federal Debt and Deficit
« Reply #392 on: July 18, 2025, 03:54:53 PM »
oof.  That would leave a mark.

A... DEN... mark.
Anyone got a taser
"It is better to have died a young boy than to fumble the football" - John Heisman

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 87032
  • Oracle of Piedmont Park
  • Liked:
Re: Federal Debt and Deficit
« Reply #393 on: July 18, 2025, 04:02:31 PM »
Funny that currency in Germany was marks. 

medinabuckeye1

  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 11186
  • Liked:
Re: Federal Debt and Deficit
« Reply #394 on: July 18, 2025, 04:26:58 PM »
Which is another reason to go ahead and do it and put to rest the idea that it would make a difference.

But yeah, ideologically I'm also not in favor of ANY more taxes, the government already takes more than it should and wastes far too much of that.
I definitely agree that it is MUCH more of a spending problem than a revenue problem but revenues could reasonably be a bit higher.  

For eight years from 1995-2002 we had roughly balanced budgets.  Back then revenues and expenditures each averaged a hair under 18.5% of GDP:


Compare that to the last eight years:

As I said, I agree that it is MOSLY a spending problem.  When comparing 1995-2002 to 2017-2024 we see that spending has increased by 5.32% of GDP so that is the bulk of the problem but revenue is down by 1.71% of GDP so there is a revenue component to the problem.  

utee94

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 24564
  • Liked:
Re: Federal Debt and Deficit
« Reply #395 on: July 18, 2025, 04:36:11 PM »
That's true if you think revenue collection was okay where it was in 95-02.

If you think that even then too much was being collected, well then we only have a spending problem and not a revenue problem.


medinabuckeye1

  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 11186
  • Liked:
Re: Federal Debt and Deficit
« Reply #396 on: July 18, 2025, 05:25:19 PM »
That's true if you think revenue collection was okay where it was in 95-02.

If you think that even then too much was being collected, well then we only have a spending problem and not a revenue problem.
On an ideological level I agree with you but on a pragmatic level this just isn't practical:

Before WWII we had single-digit % of GDP spending.  Then spending shot up for the war.  After the war it came back down and was actually under 11% in 1948 but by 1953 it was back up to almost 20%.  In the last 70 years (1955-2024) spending hasn't been below 15.72% of GDP in ANY year and it has averaged almost 20%.  It just isn't realistic to think that US Federal spending is going to get a whole lot lower than that and if "we the people" demand spending at levels close to 20% of GDP then ultimately we are going to have to pay taxes at levels close to 20% of GDP.  

In the last 70 years (1955-2024) US Federal spending was <16% of GDP twice, in 1956 and 1965.  It was <17% of GDP a grand total of five years:  The aforementioned two below 16% and 1955, 1957, and 1966.  It was below 17.5% in 13 years and it was below 18.5% in 24 years:

That is about one-third of the years since 1955 so the other two-thirds had spending in excess of 18.5% of GDP.  That tells me that, as a practical matter, US Voters are not going to support spending much below about 18.5% of GDP so taxes are going to have to collect somewhere close to that.  

utee94

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 24564
  • Liked:
Re: Federal Debt and Deficit
« Reply #397 on: July 18, 2025, 09:23:35 PM »
I don't think I need to abandon ideology to support a socialistic welfare state I don't believe in.

So I'm just gonna keep saying we need to dramatically cut spending and I'm gonna be 100% AOK with that.

It's our choice-- continue on the current path and inevitably fail... or... change course and maybe have a chance at not failing.

« Last Edit: July 19, 2025, 09:00:00 AM by utee94 »

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 87032
  • Oracle of Piedmont Park
  • Liked:
Re: Federal Debt and Deficit
« Reply #398 on: July 19, 2025, 04:33:48 PM »
We "need" to cut spending, but I don't see how it's possible beyond some rather small cuts that raise considerble uproar.  A Congress that really cut spending would get voted out.

OrangeAfroMan

  • Stats Porn
  • Hall of Fame
  • *****
  • Posts: 22810
  • Liked:
Re: Federal Debt and Deficit
« Reply #399 on: July 19, 2025, 04:50:36 PM »
If only there was more actual waste, fraud, and abuse....
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 87032
  • Oracle of Piedmont Park
  • Liked:
Re: Federal Debt and Deficit
« Reply #400 on: July 19, 2025, 06:46:01 PM »
There is quite a bit but I don’t think much can be cut.

F-35.  

utee94

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 24564
  • Liked:
Re: Federal Debt and Deficit
« Reply #401 on: July 19, 2025, 11:22:56 PM »
It's government.  There's a shit ton of waste.  

847badgerfan

  • Administrator
  • Hall of Fame
  • *****
  • Posts: 33392
  • Liked:
Re: Federal Debt and Deficit
« Reply #402 on: July 20, 2025, 08:14:31 AM »
If only everyone would get a f'ing job....
U RAH RAH! WIS CON SIN!

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 87032
  • Oracle of Piedmont Park
  • Liked:
Re: Federal Debt and Deficit
« Reply #403 on: July 20, 2025, 09:22:05 AM »
In any large enterprise there will be WF&A.  I saw it where I worked, tons of it, and much smaller operation.  I don't think it practicably can be reduced much.  I mentioned before this DOGE effort, to me, looks like a scam.  Maybe they identify some wasteful spending here and there, that wouldn't be hard, but then  you really need Congress to go along with cutting it, as they did recently to the tune of ... $9 billion (maybe).  Great, but rounding error.

Real cuts would have to be where the major spending happens, which includes the defefense budget, and if you don't think it's replete with WF&A I can't help.  We at least see consistent major cost overruns in weapons programs.  Why?  They basically present a best case scenario to win the contract and then run into predictable problems with delivery (F35).  The Army has been trying to replace the M16 with a new weapon for years now and the proposed model is apparently failing in field testing.

The Ford class aircraft carriers are all running well over budget with delivery delays, same for every other major weapons program.  Would we tactically be better off with more smaller carriers using the F-35B?  Maybe.

Gigem

  • All Star
  • ******
  • Posts: 4112
  • Liked:
Re: Federal Debt and Deficit
« Reply #404 on: July 20, 2025, 09:30:55 AM »
There’s a lot of speculation that todays standard aircraft carriers will become obsolete in the next “ real war”. Essentially, they can’t hide at sea anymore due to satellite reconnaissance, there is no realistic defense against hordes of kamakazie drones, and now there are hypersonic weapons that we supposedly lag behind on the tech. It’s been years since I looked up the numbers but I think the US is the only country that operates full size carriers and we operate something like 8-12 of them. The other countries only operate 5-6 of the much smaller carriers. I think China only has two and those are Soviet origin. 

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 87032
  • Oracle of Piedmont Park
  • Liked:
Re: Federal Debt and Deficit
« Reply #405 on: July 20, 2025, 09:44:48 AM »
The US Navy has 11 operational "fleet carriers".  Other countries have one or two smaller carriers, usually without catapults.  Only France has a nuclear powered carrier.

Their vulnerability relates to where they are, obviously the closer they get to any enemy land mass, the more danger there is.  If they are 500 miles off shore they are pretty well protected by the accompanying strike group.  The value of these hypersonic weapons is, I THINK, misoverestimated.  A real heavy barrage would probably get through to some extent, the escorting ships would sacrifice themselves to protect the flattop.

The Russkis back in the day created a pretty formidable means of striking our carriers with Backfires and their missiles.  The F-14 was developed to counter that threat with long range antiaircraft Phoenix missiles.  Then you have quiet submarines which can be a real issue.

Additionally, the US has several smaller carriers like the Wasp class which now can operate some F-35Bs.  They lack catapults.

Wasp-Class: The U.S. Navy Has &#039;Mini Aircraft Carriers&#039; - 19FortyFive
Wasp-Class: The U.S. Navy Has 'Mini Aircraft Carriers' - 19FortyFive

U.S. Navy Finally Includes Smaller, Cheaper Aircraft Carriers In Possible Fleet Mix



 

Support the Site!
Purchase of every item listed here DIRECTLY supports the site.