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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   Bill in Congress HR 8331 (https://www.talkofthevillages.com/forums/investment-talk-158/bill-congress-hr-8331-a-333869/)

Caymus 07-24-2022 10:31 AM
Quote:
Originally Posted by jebartle (Post 2118370)
Let me be careful, how long ago was the debt reduced, I know, do you?

The National Debt has not been reduced since 1957. Do you mean budget deficit?

Haggar 07-24-2022 11:26 AM
Quote:
Originally Posted by Kahuna32162 (Post 2118314)
well, we're already halfway thru the 2022 tax year and RMD's have already been distributed for the last 7 months. Too little, too late.
The last time they changed the RMD age from 70 1/2 to 72 they allowed anyone who had taken a RMD already to pay it back in the year if the RMD was taken based upon the earlier requirement- effectively cancelling the withdrawal.

Dr Winston O Boogie jr 07-24-2022 11:59 AM
Quote:
Originally Posted by rsmurano (Post 2118565)
Why should I have to support reckless spending? We shouldn’t be spending or try to spending as much as we are especially while going into a recession. You have to ask, what got us into this high inflation/recession era? It’s all the reckless spending!
There are 535 people in Washington who are to blame for all of the problems in this country including deficit spending and the debt. Somehow they have all
gotten their constituencies to believe that it's all the other guy's fault.

The only thing that will ever fix this is term limits for congress.

retiredguy123 07-24-2022 12:03 PM
Quote:
Originally Posted by Caymus (Post 2118576)
The National Debt has not been reduced since 1957. Do you mean budget deficit?
As I understand it, if the annual budget deficit is negative, then the debt is reduced. I think we had a negative deficit at some point during the Clinton years. It occurred between 1998 and 2001.

retiredguy123 07-24-2022 12:05 PM
Quote:
Originally Posted by Dr Winston O Boogie jr (Post 2118611)
There are 535 people in Washington who are to blame for all of the problems in this country including deficit spending and the debt. Somehow they have all
gotten their constituencies to believe that it's all the other guy's fault.

The only thing that will ever fix this is term limits for congress.
What about the people who voted for them? Don't they share some of the blame?

justjim 07-24-2022 12:35 PM
Term limits
 
Quote:
Originally Posted by Dr Winston O Boogie jr (Post 2118611)
There are 535 people in Washington who are to blame for all of the problems in this country including deficit spending and the debt. Somehow they have all
gotten their constituencies to believe that it's all the other guy's fault.

The only thing that will ever fix this is term limits for congress.
Now, here is a good idea. Term limits! I don’t see a logical way for that to happen during my lifetime. Wait, you can vote them out. It’s easy to check how long served but impossible to get enough voters to cross party lines to vote them out. Stuck again.

Langwelld 07-24-2022 03:26 PM
The Key
 
That’s the key! What other wasteful, pork barrel, deficit building crap is in the bill?!!

Quote:
Originally Posted by Dr Winston O Boogie jr (Post 2118310)
What else is in this bill?

MrChipster 07-24-2022 07:15 PM
Agree
 
Quote:
Originally Posted by retiredguy123 (Post 2118331)
If passed, I would take advantage of the law, but I don't support it. It will just raise the National debt. We need to pass laws that will reduce the debt.
Like spending less. Lots and lots and Trillions of less.

Topspinmo 07-24-2022 10:44 PM
Quote:
Originally Posted by retiredguy123 (Post 2118331)
If passed, I would take advantage of the law, but I don't support it. It will just raise the National debt. We need to pass laws that will reduce the debt.
National debt, who cares about that….:mad:

GatorFan 07-24-2022 10:49 PM
Quote:
Originally Posted by Kahuna32162 (Post 2118314)
well, we're already halfway thru the 2022 tax year and RMD's have already been distributed for the last 7 months. Too little, too late.
Not for me. I hope this goes through.

nn0wheremann 07-25-2022 06:47 AM
Quote:
Originally Posted by jebartle (Post 2118370)
Let me be careful, how long ago was the debt reduced, I know, do you?
When Bill Clinton was President.

Dr Winston O Boogie jr 07-25-2022 06:49 AM
Quote:
Originally Posted by retiredguy123 (Post 2118617)
As I understand it, if the annual budget deficit is negative, then the debt is reduced. I think we had a negative deficit at some point during the Clinton years. It occurred between 1998 and 2001.
Correct. After congress lowered taxes.

nn0wheremann 07-25-2022 06:51 AM
Quote:
Originally Posted by MrChipster (Post 2118681)
Like spending less. Lots and lots and Trillions of less.
Agreed. So why are all these local Officials of the red persuasion complaining about over spending and inflation while tripping over themselves trying to spend all the pandemic stimulus money and Build Back Better spending passed by the federales of the blue persuasion?

biker1 07-25-2022 06:54 AM
The “Build Back Better” bill wasn’t passed.

Quote:
Originally Posted by nn0wheremann (Post 2118741)
Agreed. So why are all these local Officials of the red persuasion complaining about over spending and inflation while tripping over themselves trying to spend all the pandemic stimulus money and Build Back Better spending passed by the federales of the blue persuasion?

Black Beauty 07-25-2022 07:01 AM
get both Biden and Trump to not run in 2024. Term limits too


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