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Machiavellian said:

I agree that an investment does not equal political donation, but it was not an investment it was a bail out loan.  A loan that I believe Trump still hasn't paid.  If anything this article pretty much sums up Trump.

http://www.chicagobusiness.com/realestate/20160816/CRED03/160819904/what-do-trumps-broken-deals-on-chicago-tower-say-about-his-foreign

One of the biggest problem with Trump is that he has said he will bring to the Presidency the same tactics he has used in real-estate.  In other words, there are no such things as a contract or deal.  These things are made to be broken and as he has stated with the US economy go to default to renegotiate with the lenders.  While this works great when you are not fronting your own money as he has done with his businesses.  Since he just file bankruptcy or go to court and let the system keep stuff going for years where the people just settle so they can get paid, this is just bat shit crazy when you gamble with the American economy.  The effect of us going in default on our loans would plunge the American economy into a depression unheard of.  There is no Bankruptcy court if the US defaults and the people we owe money with do not have to come to the table to renegotiate just because Trump is willing to default on our loans to get a better price.  Also this type of thinking where we just consider any and all deals, contracts and obligations as worthless would so mire the US trust around the world that no one would do any dealings with us as long as that fool is in office. 

http://unclesamsmisguidedchildren.com/soros-paid-trump-hotel-chicago-did-he/

That's a lie according to the above. Bailout what exactly ? Chicago Trump Tower didn't even begin business at that time so how was it in already trouble ? What the hedge fund did is practically a textbook example of an investment loan so describing it as "bailout" is just straight up misleading when their not even loaning money to a failing business in debt. What's also a lie is George Soros personally loaning out Donald Trump $160 million when it was SEVERAL other investment hedge funds like Grove Capital (which was spun off from Soros Fund Management) who participated in that total ... 

And you believing that he never paid off that particular hedge fund's loan is also another lie according to Donald Trump's financial statement for March 2014 at page 47 of the PDF so he doesn't owe George Soros or Grove Capital jack shit ... 

What's even more eye opening is that THERE ARE NO RUSSIAN BANKERS OR INVESTMENT HEDGE FUNDS LISTED IN HIS LIABILITIES so people need to stop perpetuating the myth that he's even remotely in Putin's pockets and that especially applies to those who feverishly accuse him of these relationships ...

We were going to default anyways since our trading deficit was only going to keep growing larger and the fact that we won't be able to keep up with social security in the future with or without Trump. The only difference is that Trump would've popped a relatively smaller bubble compared to many other candidates in the future ...

You're only kidding yourself if you think that Clinton's path is any better when her husband still failed to truly lower the national debt where he pushed public debt onto intragovernmnetal debt ... 

No one can realistically pay off the debt when the American citizens are too busy getting into trading deficits or the government is too busy borrowing funds from social security or issuing some more treasury bonds when we SHOULD'VE defaulted on our debt long ago since it was much smaller than it is now ... 



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fatslob-:O said:

http://unclesamsmisguidedchildren.com/soros-paid-trump-hotel-chicago-did-he/

That's a lie according to the above. Bailout what exactly ? Chicago Trump Tower didn't even begin business at that time so how was it in already trouble ? What the hedge fund did is practically a textbook example of an investment loan so describing it as "bailout" is just straight up misleading when their not even loaning money to a failing business in debt. What's also a lie is George Soros personally loaning out Donald Trump $160 million when it was SEVERAL other investment hedge funds like Grove Capital (which was spun off from Soros Fund Management) who participated in that total ... 

And you believing that he never paid off that particular hedge fund's loan is also another lie according to Donald Trump's financial statement for March 2014 at page 47 of the PDF so he doesn't owe George Soros or Grove Capital jack shit ... 

What's even more eye opening is that THERE ARE NO RUSSIAN BANKERS OR INVESTMENT HEDGE FUNDS LISTED IN HIS LIABILITIES so people need to stop perpetuating the myth that he's even remotely in Putin's pockets and that especially applies to those who feverishly accuse him of these relationships ...

We were going to default anyways since our trading deficit was only going to keep growing larger and the fact that we won't be able to keep up with social security in the future with or without Trump. The only difference is that Trump would've popped a relatively smaller bubble compared to many other candidates in the future ...

You're only kidding yourself if you think that Clinton's path is any better when her husband still failed to truly lower the national debt where he pushed public debt onto intragovernmnetal debt ... 

No one can realistically pay off the debt when the American citizens are too busy getting into trading deficits or the government is too busy borrowing funds from social security or issuing some more treasury bonds when we SHOULD'VE defaulted on our debt long ago since it was much smaller than it is now ... 

It sounds like you're not buying all of medias preaching about the evil overlord Trump. I think I need to call the thoughtpolice on you so we can correct your wrong-think. This is a serious issue in today's society, and you wont get away with it! Shame on you for doing research and using facts, don't you know that these are the tools of the patriarchy?



FragilE^ said:

It sounds like you're not buying all of medias preaching about the evil overlord Trump. I think I need to call the thoughtpolice on you so we can correct your wrong-think. This is a serious issue in today's society, and you wont get away with it! Shame on you for doing research and using facts, don't you know that these are the tools of the patriarchy?

The rhetoric against Trump is getting very out of hand so I'm just as tired as you are about it when people throw out rational thought ... 



fatslob-:O said:
Machiavellian said:

I agree that an investment does not equal political donation, but it was not an investment it was a bail out loan.  A loan that I believe Trump still hasn't paid.  If anything this article pretty much sums up Trump.

http://www.chicagobusiness.com/realestate/20160816/CRED03/160819904/what-do-trumps-broken-deals-on-chicago-tower-say-about-his-foreign

One of the biggest problem with Trump is that he has said he will bring to the Presidency the same tactics he has used in real-estate.  In other words, there are no such things as a contract or deal.  These things are made to be broken and as he has stated with the US economy go to default to renegotiate with the lenders.  While this works great when you are not fronting your own money as he has done with his businesses.  Since he just file bankruptcy or go to court and let the system keep stuff going for years where the people just settle so they can get paid, this is just bat shit crazy when you gamble with the American economy.  The effect of us going in default on our loans would plunge the American economy into a depression unheard of.  There is no Bankruptcy court if the US defaults and the people we owe money with do not have to come to the table to renegotiate just because Trump is willing to default on our loans to get a better price.  Also this type of thinking where we just consider any and all deals, contracts and obligations as worthless would so mire the US trust around the world that no one would do any dealings with us as long as that fool is in office. 

http://unclesamsmisguidedchildren.com/soros-paid-trump-hotel-chicago-did-he/

That's a lie according to the above. Bailout what exactly ? Chicago Trump Tower didn't even begin business at that time so how was it in already trouble ? What the hedge fund did is practically a textbook example of an investment loan so describing it as "bailout" is just straight up misleading when their not even loaning money to a failing business in debt. What's also a lie is George Soros personally loaning out Donald Trump $160 million when it was SEVERAL other investment hedge funds like Grove Capital (which was spun off from Soros Fund Management) who participated in that total ... 

And you believing that he never paid off that particular hedge fund's loan is also another lie according to Donald Trump's financial statement for March 2014 at page 47 of the PDF so he doesn't owe George Soros or Grove Capital jack shit ... 

What's even more eye opening is that THERE ARE NO RUSSIAN BANKERS OR INVESTMENT HEDGE FUNDS LISTED IN HIS LIABILITIES so people need to stop perpetuating the myth that he's even remotely in Putin's pockets and that especially applies to those who feverishly accuse him of these relationships ...

We were going to default anyways since our trading deficit was only going to keep growing larger and the fact that we won't be able to keep up with social security in the future with or without Trump. The only difference is that Trump would've popped a relatively smaller bubble compared to many other candidates in the future ...

You're only kidding yourself if you think that Clinton's path is any better when her husband still failed to truly lower the national debt where he pushed public debt onto intragovernmnetal debt ... 

No one can realistically pay off the debt when the American citizens are too busy getting into trading deficits or the government is too busy borrowing funds from social security or issuing some more treasury bonds when we SHOULD'VE defaulted on our debt long ago since it was much smaller than it is now ... 

The link I provided shows how Trump does not keep deals.  How he will sell people one thing and then renege on those deals the moment he gets what he wants.  In the link you provided if you go back and read how Trump secured the loans for the Chiago tower it was because he sold more than 500 million worth of appartments prior to construction.  The problem with that is that Trump sold those appartments for a huge discount and when the building was complete and people started to move in he jacked up the price.

Here is another link to Trump corruption.  You know its very plain that Trump knows how to move around political circles just like any politician.  Not only that but I highly doubt that anything will change besides Trump making sure to help people with money like himself secure even better deals if he becomes president.

http://wgntv.com/2016/02/17/donald-trumps-multi-million-dollar-chicago-tax-break/

As for our national debt, the only way we go to default is we cannot pay our bills.  You are making up stuff that has nothing to do with the government paying its bill compared to just not paying it like what Trump promoted.  The key is that deciding to just not pay our bills to renegotiate treasury bills that already have a very low rate any way would totally undermine our economy.  Thinking we should have defaulted on our debt shows exactly the kind of thinking that would plunge this nation into hell on earth.  Do you even know how the government pays it debt.  Here is a link for you to digest first.

https://www.washingtonpost.com/apps/g/page/business/how-the-government-pays-its-debt/513/

Its good you bring up Clinton because if you take the link I gave and apply that with the surplus of money coming into the goverment, meaning we brought in more money than we spent.  Here is a link that disproves what you say.

http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/

After Clinton under Bush well we know what happen to the debt and our ability to balance the budget.



Machiavellian said:

The link I provided shows how Trump does not keep deals.  How he will sell people one thing and then renege on those deals the moment he gets what he wants.  In the link you provided if you go back and read how Trump secured the loans for the Chiago tower it was because he sold more than 500 million worth of appartments prior to construction.  The problem with that is that Trump sold those appartments for a huge discount and when the building was complete and people started to move in he jacked up the price.

Here is another link to Trump corruption.  You know its very plain that Trump knows how to move around political circles just like any politician.  Not only that but I highly doubt that anything will change besides Trump making sure to help people with money like himself secure even better deals if he becomes president.

http://wgntv.com/2016/02/17/donald-trumps-multi-million-dollar-chicago-tax-break/

As for our national debt, the only way we go to default is we cannot pay our bills.  You are making up stuff that has nothing to do with the government paying its bill compared to just not paying it like what Trump promoted.  The key is that deciding to just not pay our bills to renegotiate treasury bills that already have a very low rate any way would totally undermine our economy.  Thinking we should have defaulted on our debt shows exactly the kind of thinking that would plunge this nation into hell on earth.  Do you even know how the government pays it debt.  Here is a link for you to digest first.

https://www.washingtonpost.com/apps/g/page/business/how-the-government-pays-its-debt/513/

Its good you bring up Clinton because if you take the link I gave and apply that with the surplus of money coming into the goverment, meaning we brought in more money than we spent.  Here is a link that disproves what you say.

http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/

After Clinton under Bush well we know what happen to the debt and our ability to balance the budget.

Well thank god we got that cleared up that lie about Trump having a bailout and say whatever you want about his business tactics as I'm not interested with another long winded engagement ... 

Whether you can't pay for the debt or you increase the debt ceiling, you undermine the economy either way. Sooner or later you're going to struggle in keeping up tax revenue with interest rates and boom! Soon your nation will find itself defaulting one way or another. Our future is a default regardless of what happens unless we decide to cut back on benefits and raise taxes to pay for our debt ... 

That link from factcheck doesn't disprove at all what I said when it's misleading at best ... 

http://www.craigsteiner.us/articles/30

According to the above you and factcheck fell into the On-budget/Off-budget vs Trust Funds trap. You can't claim social security trust fund as income since that's a LOAN as you also get a bill in the end with interest rates along with that cash so it becomes obvious to any amateur accountant like myself that the Clinton administration NEVER had any real surplus or even a balanced budget like they claimed! Any professional accountant would've called bullshit on the Clinton's claim of having ever balanced the budget ...

And yes I know how the government pays our bills, at least more than you would since I didn't confuse a loan as a pure asset (If anything it's more of a liability since you have to pay interest on that borrowed money.) hwoever that doesn't mean that I can't argue that the way their going about it is absolutely flawed and especially in the wake of how slow the US economy is growing ... 



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fatslob-:O said:
Machiavellian said:

The link I provided shows how Trump does not keep deals.  How he will sell people one thing and then renege on those deals the moment he gets what he wants.  In the link you provided if you go back and read how Trump secured the loans for the Chiago tower it was because he sold more than 500 million worth of appartments prior to construction.  The problem with that is that Trump sold those appartments for a huge discount and when the building was complete and people started to move in he jacked up the price.

Here is another link to Trump corruption.  You know its very plain that Trump knows how to move around political circles just like any politician.  Not only that but I highly doubt that anything will change besides Trump making sure to help people with money like himself secure even better deals if he becomes president.

http://wgntv.com/2016/02/17/donald-trumps-multi-million-dollar-chicago-tax-break/

As for our national debt, the only way we go to default is we cannot pay our bills.  You are making up stuff that has nothing to do with the government paying its bill compared to just not paying it like what Trump promoted.  The key is that deciding to just not pay our bills to renegotiate treasury bills that already have a very low rate any way would totally undermine our economy.  Thinking we should have defaulted on our debt shows exactly the kind of thinking that would plunge this nation into hell on earth.  Do you even know how the government pays it debt.  Here is a link for you to digest first.

https://www.washingtonpost.com/apps/g/page/business/how-the-government-pays-its-debt/513/

Its good you bring up Clinton because if you take the link I gave and apply that with the surplus of money coming into the goverment, meaning we brought in more money than we spent.  Here is a link that disproves what you say.

http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/

After Clinton under Bush well we know what happen to the debt and our ability to balance the budget.

Well thank god we got that cleared up that lie about Trump having a bailout and say whatever you want about his business tactics as I'm not interested with another long winded engagement ... 

Whether you can't pay for the debt or you increase the debt ceiling, you undermine the economy either way. Sooner or later you're going to struggle in keeping up tax revenue with interest rates and boom! Soon your nation will find itself defaulting one way or another. Our future is a default regardless of what happens unless we decide to cut back on benefits and raise taxes to pay for our debt ... 

That link from factcheck doesn't disprove at all what I said when it's misleading at best ... 

http://www.craigsteiner.us/articles/30

According to the above you and factcheck fell into the On-budget/Off-budget vs Trust Funds trap. You can't claim social security trust fund as income since that's a LOAN as you also get a bill in the end with interest rates along with that cash so it becomes obvious to any amateur accountant like myself that the Clinton administration NEVER had any real surplus or even a balanced budget like they claimed! Any professional accountant would've called bullshit on the Clinton's claim of having ever balanced the budget ...

And yes I know how the government pays our bills, at least more than you would since I didn't confuse a loan as a pure asset (If anything it's more of a liability since you have to pay interest on that borrowed money.) hwoever that doesn't mean that I can't argue that the way their going about it is absolutely flawed and especially in the wake of how slow the US economy is growing ... 

Fatslob, you cannot spin that Clinton did not balanced the budget.  Even within that link it specifically stated that without SS it was still a surplus so not sure what you tangent is.  You are beginning to make stuff up to support your point of view and not actually reading the whole site.  You are trying to give me an opinion while I gave you a fact.  I believe I will just trust the numbers from the fact check site then your opinion on the matter.  



Machiavellian said:

Fatslob, you cannot spin that Clinton did not balanced the budget.  Even within that link it specifically stated that without SS it was still a surplus so not sure what you tangent is.  You are beginning to make stuff up to support your point of view and not actually reading the whole site.  You are trying to give me an opinion while I gave you a fact.  I believe I will just trust the numbers from the fact check site then your opinion on the matter.  

You and Factcheck are the ones doing the spinning ... 

If you read carefully from the article you linked to me they state that, "Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted. But even if we remove Social Security from the equation, there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while." to which I respond with ... 

A) You cannot count Social Security Trust Funds only as income ... 

B) Other Trust Funds also have liabilities attached with them ... 

C) "Defaulting" is defined in regards to "national debt" and not "federal debt" ... 

D) You cannot claim surplus when you've increased the national debt ... 

If you and Brooks Jackson want to believe in voodoo accounting over accrual accounting then be my guest as the rest of the accountants will continue to prophesize how the government is financially doomed no matter what they do. Do you honestly think they'll ever be able to fork out over 19 trillion in debt ?

You can stay in la la land believing that intragovernmental debt isn't real debt either ... 

Despite the fact that you accuse Trump for unethical business practices, I bet that within our lifetimes that the US government will have committed the biggest ponzi scheme thus far of not being able to pay back on social security. Once shit starts hitting the fan I suggest you buy some gold since the US dollar will crash, don't say I didn't warn you ... (Currency is only as strong as the people's beliefs in it that it has value otherwise it's just paper.) 



You guys do know that congress is in charge of the budget, right?



fatslob-:O said:
Machiavellian said:

Fatslob, you cannot spin that Clinton did not balanced the budget.  Even within that link it specifically stated that without SS it was still a surplus so not sure what you tangent is.  You are beginning to make stuff up to support your point of view and not actually reading the whole site.  You are trying to give me an opinion while I gave you a fact.  I believe I will just trust the numbers from the fact check site then your opinion on the matter.  

You and Factcheck are the ones doing the spinning ... 

If you read carefully from the article you linked to me they state that, "Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted. But even if we remove Social Security from the equation, there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while." to which I respond with ... 

A) You cannot count Social Security Trust Funds only as income ... 

B) Other Trust Funds also have liabilities attached with them ... 

C) "Defaulting" is defined in regards to "national debt" and not "federal debt" ... 

D) You cannot claim surplus when you've increased the national debt ... 

If you and Brooks Jackson want to believe in voodoo accounting over accrual accounting then be my guest as the rest of the accountants will continue to prophesize how the government is financially doomed no matter what they do. Do you honestly think they'll ever be able to fork out over 19 trillion in debt ?

You can stay in la la land believing that intragovernmental debt isn't real debt either ... 

Despite the fact that you accuse Trump for unethical business practices, I bet that within our lifetimes that the US government will have committed the biggest ponzi scheme thus far of not being able to pay back on social security. Once shit starts hitting the fan I suggest you buy some gold since the US dollar will crash, don't say I didn't warn you ... (Currency is only as strong as the people's beliefs in it that it has value otherwise it's just paper.) 

Ok, I did some more checking and see your point concerning SS and the other trust funds contributing to the surplus since those funds automatically purchase tresurary notes when those funds have a surplus. I will get to your other point later as I am still working.



irstupid said:
You guys do know that congress is in charge of the budget, right?

Well its all parties.  Congress starts the process, president draft a budget and it goes back to Congress, both house and Senate has to vote and pass and then it goes back to the president to sign into law.  Last step is always the president and he has to sign it or nothing happens.