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“Nobody is a fiscal conservative anymore”

fantome profane

Anti-Woke = Anti-Justice
Premium Member
“Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.” - RUSH LIMBAUGH

After bashing Obama for deficits for years, Rush Limbaugh now says budget deficits never mattered

Is this true? Do you agree with Rush? Are you shocked that Rush admitted this? Is fiscal responsibility now an idea of the left?

The context of this statement is a caller on Limbaugh’s show suggested that right now the Republicans could nominate a young fiscal conservative who could win easily and go on for two terms. And Rush’s response is that nobody is a fiscal conservative. They would rather have a racist rapist misogynist xenophobe as the Republican leader than an actual conservative.
 

Sunstone

De Diablo Del Fora
Premium Member
Rush is right. Support for Trump has been demonstrated by multiple scientific studies to be most largely motivated by racism. I used to think there were other reasons, but the science is pretty much settled now, and to my surprise, it's racism that motivates most Trump supporters.

No one is supporting Trump in the hope he will be a fiscal conservative.
 

Quetzal

A little to the left and slightly out of focus.
Premium Member
Rush is right. Support for Trump has been demonstrated by multiple scientific studies to be most largely motivated by racism. I used to think there were other reasons, but the science is pretty much settled now, and to my surprise, it's racism that motivates most Trump supporters.

No one is supporting Trump in the hope he will be a fiscal conservative.
Look no further than the rally in NC yesterday. In my mind, it is undeniable. If you continue to support Trump and the things he stands for, you support racist ideas.

Trump Attacks Congresswomen At N.C. Rally, As Crowd Chants 'Send Her Back'
 

Stevicus

Veteran Member
Staff member
Premium Member
“Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.” - RUSH LIMBAUGH

After bashing Obama for deficits for years, Rush Limbaugh now says budget deficits never mattered

Is this true? Do you agree with Rush? Are you shocked that Rush admitted this? Is fiscal responsibility now an idea of the left?

The context of this statement is a caller on Limbaugh’s show suggested that right now the Republicans could nominate a young fiscal conservative who could win easily and go on for two terms. And Rush’s response is that nobody is a fiscal conservative. They would rather have a racist rapist misogynist xenophobe as the Republican leader than an actual conservative.

Rush Limbaugh is a disc jockey - an entertainer. I'm not particularly shocked by this admission, since conservative economists have spoken similarly about the deficits of past Republican administrations.

I recall conservatives used to say the same thing back when Reagan and Bush were running up huge deficits. "Deficits don't matter."

Reagan used to lambaste "tax and spend liberals" all the time, but then he became a "borrow and spend" conservative. They're not really conservatives because they don't really "conserve" anything.

As for whether it's true that "deficits don't matter," my impression is that opinions are mixed. I found an interesting article on the subject, where it is suggested that governments could run up huge debts indefinitely and not ever have to worry about paying it back. It can always borrow from itself - or print more money as a last resort (although that could also have risks).

Bloomberg - Are you a robot?

What if the government doesn’t have to pay back what it borrows, now or ever? This is the provocative thesis of an unorthodox economic theory that is rapidly gaining credence on the political left called modern monetary theory, or MMT. The concept isn't new — economist Abba Lerner endorsed something similar in the 1940s, under the name of “functional finance.” But the theory has enjoyed a popular resurgence since it was embraced by some progressives, who want to enact a federal job guarantee and other ambitious economic plans paid for by government borrowing.

MMT has many elements, and its advocates tend to express these in terms that aren’t familiar to many mainstream economists. But the central argument that the U.S. government doesn’t really have a budget constraint — and thus, that taxes are never needed to pay for federal spending — is simple enough to grasp. Basically, it’s because the government can print dollars whenever it wants.
 

Sunstone

De Diablo Del Fora
Premium Member
I found an interesting article on the subject, where it is suggested that governments could run up huge debts indefinitely and not ever have to worry about paying it back. It can always borrow from itself - or print more money as a last resort (although that could also have risks).

Bloomberg - Are you a robot?

What is your opinion of hyper-inflation?
 

Subduction Zone

Veteran Member
I will say that Rush is right in there being no real fiscal conservatives out there. The Republicans abandoned that years ago. Many of their policies are pound foolish and penny wise. Saving money in the short term, but will cost us much more on a long term basis.
 

Stevicus

Veteran Member
Staff member
Premium Member
What is your opinion of hyper-inflation?

My understanding is that it could have a very deleterious effect on the economy. We certainly don't want a situation where people have to bring wheelbarrows full of money to the market just to buy a loaf of bread.
 

BSM1

What? Me worry?
“Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.” - RUSH LIMBAUGH

After bashing Obama for deficits for years, Rush Limbaugh now says budget deficits never mattered

Is this true? Do you agree with Rush? Are you shocked that Rush admitted this? Is fiscal responsibility now an idea of the left?

The context of this statement is a caller on Limbaugh’s show suggested that right now the Republicans could nominate a young fiscal conservative who could win easily and go on for two terms. And Rush’s response is that nobody is a fiscal conservative. They would rather have a racist rapist misogynist xenophobe as the Republican leader than an actual conservative.

I couldn't find where Rush said deficits don't matter in the article.
 

Revoltingest

Pragmatic Libertarian
Premium Member
I couldn't find where Rush said deficits don't matter in the article.
I'll wager that's a mistaken inference, ie, that he approves of deficit spending.
It could be he's jsaying that all mainstream politicians are tax & spenders.
Real fiscal conservatism is the province of loopy uncaring backward unpopular
unwashed extremists, eg, libertarians.
 

Shaul

Well-Known Member
Premium Member
No President, ever, has had a deficit. All spending and deficits are the responsibility of Congress alone and the House of Representatives in particular. Reference Article I Section VII of the Constitution, “All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.”
 

sun rise

The world is on fire
Premium Member
I will say that Rush is right in there being no real fiscal conservatives out there. The Republicans abandoned that years ago. Many of their policies are pound foolish and penny wise. Saving money in the short term, but will cost us much more on a long term basis.
The right is all about borrow and spend. Democrats cut the deficit every time they're in power. We even had a budget surplus during a Democratic presidency in recent times.

So to me the left are much more fiscally conservative than the right.
 

Quetzal

A little to the left and slightly out of focus.
Premium Member
No President, ever, has had a deficit. All spending and deficits are the responsibility of Congress alone and the House of Representatives in particular. Reference Article I Section VII of the Constitution, “All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.”
If that is the case, I can file all the whining about Obama's spending under 'Trash, etc.'
 

Quetzal

A little to the left and slightly out of focus.
Premium Member
No, you should file it under which Party controlled Congress at the time is responsible for it.
My point is that for the 8 years prior to Trump, the right shrilled at the top of their lungs about anything Obama did (including the deficit). I am glad that he can not be exonerated from such accusations!
 

crossfire

LHP Mercuræn Feminist Heretic ☿
Premium Member
“Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.” - RUSH LIMBAUGH

After bashing Obama for deficits for years, Rush Limbaugh now says budget deficits never mattered

Is this true? Do you agree with Rush? Are you shocked that Rush admitted this? Is fiscal responsibility now an idea of the left?

The context of this statement is a caller on Limbaugh’s show suggested that right now the Republicans could nominate a young fiscal conservative who could win easily and go on for two terms. And Rush’s response is that nobody is a fiscal conservative. They would rather have a racist rapist misogynist xenophobe as the Republican leader than an actual conservative.
More deficit spending means more treasury bonds available.
 

Shaul

Well-Known Member
Premium Member
US_Public_Debt_Ceiling_1981-2010.png

As can be seen above between 1981 and 2010 when Republicans controlled Congress only two increases in the National Debt Ceiling occurred with a combined increase of $1.5 Trillion. When the Democrats controlled Congress they increased the National Debt Ceiling seven times with a combined increase of $7.5 Trillion. Which does not include the $1 Trillion increase of years 1981-1986 when Democrats controlled the House of Representatives which initiates National Debt Ceiling bills.
 

Quetzal

A little to the left and slightly out of focus.
Premium Member
US_Public_Debt_Ceiling_1981-2010.png

As can be seen above between 1981 and 2010 when Republicans controlled Congress only two increases in the National Debt Ceiling occurred with a combined increase of $1.5 Trillion. When the Democrats controlled Congress they increased the National Debt Ceiling seven times with a combined increase of $7.5 Trillion. Which does not include the $1 Trillion increase of years 1981-1986 when Democrats controlled the House of Representatives which initiates National Debt Ceiling bills.
Wars are expensive.
 

Shaul

Well-Known Member
Premium Member
My point is that for the 8 years prior to Trump, the right shrilled at the top of their lungs about anything Obama did (including the deficit). I am glad that he can not be exonerated from such accusations!
He can be exonerated as President, he still bears responsibility because he was also the leader of his Party. And it was his Party, the Democrats, that controlled the House of Representatives during the first two years of his tenure. And it was during those first two years when the greatest deficits occurred. They fell once the Republicans gained control of the House.

So Obama can be blamed for deficits. Not because he was President but because he was the titular head of his Party which controlled the House.
 

Quetzal

A little to the left and slightly out of focus.
Premium Member
He can be exonerated as President, he still bears responsibility because he was also the leader of his Party-
Yeah, that's what I thought. When you put the shoe on the other foot you fold immediately, predictable.

No President, ever, has had a deficit.
It's funny because the hypocrisy is so blatant.
 
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