Why Tea Party no longer holds rallies to protest mounting debt?

[enhanced_deficit]

Anyone knows why Tea Party no longer holds rallies to protest mounting debt?


National debt is a looming threat that could hamstring U.S. government

May 26, 2018

The national debt (https://www.fool.com/investing/2017/10/14/heres-how-impossible-it-might-be-to-pay-down-our-n.aspx?&utm_campaign=article&utm_medium=feed&referring_guid=b2de9fdb-ecc9-48de-ae1e-ea9a26ad59d6&utm_source=usa-today) has been a contentious issue among politicians and economists for years, and its growth has shown no signs of slowing. The size of the national debt has nearly quadrupled over the past 20 years, climbing above the $20 trillion mark as of the end of the government's 2017 fiscal year and moving inexorably higher.

https://www.gannett-cdn.com/media/2018/05/25/USATODAY/USATODAY/636628457694767678-052518-debt-annual-interest-Online.png


Rock-bottom interest rates in recent years have effectively allowed the U.S. government to refinance its outstanding debt with much lower annual interest costs. For instance, in January 2000, the average interest rate on the U.S. Treasury's total interest-bearing debt was more than 6.5%. By December 2016, that figure had fallen to below 2.25%. A two-thirds drop in effective interest rates was necessary to avoid a disastrous rise in interest payments.
Recently, though, those rates have started to climb higher (https://www.fool.com/credit-cards/2018/03/30/interest-rates-are-on-the-rise-heres-how-to-prepar.aspx?&utm_campaign=article&utm_medium=feed&referring_guid=b2de9fdb-ecc9-48de-ae1e-ea9a26ad59d6&utm_source=usa-today). The move thus far hasn't been big, with current levels still below 2.4% as of April. However, if interest rates continue to go up, the much bigger national debt will dramatically boost the amount of money needed to pay annual interest. That could take money away from other valuable government services, creating a potential budget crisis that would be bad news for the government, as well as the American population.

https://www.usatoday.com/story/money/economy/2018/05/26/looming-threat-that-will-hamstring-us-government/35184907/

[TheTexan]

You say mounting debt like its a bad thing

[enhanced_deficit]

You say mounting debt like its a bad thing

Ok let me rephrase Q.

Why mounting debt used to be a bad thing just couple of years ago but is no longer now?

http://www.prunejuicemedia.com/wp-content/uploads/2010/02/Tea-Party-Protesters-1.jpg
https://media.npr.org/assets/news/2010/09/27/teaparty1-a24302fe9ce5d1b5495b9a9abadea285b33b813e.jpg
https://cbsnews3.cbsistatic.com/hub/i/r/2010/04/16/6a94fb31-a642-11e2-a3f0-029118418759/resize/620x465/99e75a36f2e5cdbfd3dfd49220cf4f61/DSC03565_1.JPG

[timosman]

You say mounting debt like its a bad thing

You could have a very strong lobby for that money.

[TheTexan]

Ok let me rephrase Q.

Why mounting debt used to be a bad thing just couple of years ago but is no longer now?

http://www.prunejuicemedia.com/wp-content/uploads/2010/02/Tea-Party-Protesters-1.jpg
https://media.npr.org/assets/news/2010/09/27/teaparty1-a24302fe9ce5d1b5495b9a9abadea285b33b813e.jpg
https://cbsnews3.cbsistatic.com/hub/i/r/2010/04/16/6a94fb31-a642-11e2-a3f0-029118418759/resize/620x465/99e75a36f2e5cdbfd3dfd49220cf4f61/DSC03565_1.JPG

If you had read the Art of the Deal, you would know you have to spend money to make money.

So at the rate we're spending, we'll be out of debt in no time

[Swordsmyth]

The Tea Party lost hope or was co-opted.

[Champ]

They were based on a farce from the beginning. And with leaders like Bachmann who were happy to continue raising "defense spending", ignoring the Federal Reserve's role, and ignoring the impact that both of these have on the debt, you had a failed movement from the start. Which is why a lot of that movement transitioned into support for Trump because people knew they had been had by the Tea Party and many of the establishment Republicans that ran it and still wanted to see some kind of change, for better or worse.

I always had the feeling that it was created as a way to take the rug out from under Ron Paul's shoes and the people supporting him, as he was the first to begin gaining real traction when talking about the debt, the deficit, and the Fed in sensible ways that made sense to someone who had no understanding of economics. The motives seemed transparent from the start.

[RonZeplin]

With a Democrat president like Obama debt is a bad thing, so protest. but with a Republican president like Trump huge debt is a good multidimensional chess move, so spin tall tales about a very stable genius on the internets.

https://monetarysov.files.wordpress.com/2017/10/hezbollah-01.jpg?w=640

Tea Party Plantation, co-opted by the GOP

[TheCount]

With a Democrat president like Obama debt is a bad thing, so protest. but with a Republican president like Trump huge debt is a good multidimensional chess move, so spin tall tales about a very stable genius on the internets.



Tea Party Plantation, co-opted by the GOP

This.

I'm not sure that they were co-opted though. Was @dannno (http://www.ronpaulforums.com/member.php?u=10908) co-opted by Trump, or was he just that way all along but didn't have the appropriate stable genius to worship?

I think that too many people get wrapped up in what their favorite dictator is (claiming to be) doing for them right now, forgetting that in the long run growth of government is always to their detriment.

[EBounding]

The debt is bad, but if the wall isn't built there will be no America to save.

[asurfaholic]

It cost money to Make America Great Again.

[thoughtomator]

Glenn Beck happened.

[dannno]

This.

I'm not sure that they were co-opted though. Was @dannno (http://www.ronpaulforums.com/member.php?u=10908) co-opted by Trump, or was he just that way all along but didn't have the appropriate stable genius to worship?

I think that too many people get wrapped up in what their favorite dictator is (claiming to be) doing for them right now, forgetting that in the long run growth of government is always to their detriment.

Tell us more about why you favored Hillary..

[H_H]

Anyone knows why Tea Party no longer holds rallies to protest mounting debt?

Because we're totally, like, beyond that point.

Reading Rich Dad Poor Dad and working on getting your credit card debt under control is something a household does when it's not undergoing a violent divorce.

And also not when every member of said household is suffering from multiple terminal diseases, none of them curable (or at least have never been cured before in the history of the world).

And is on fire.

But not getting into debt is super-important, it's true! 'Cash on the barrel,' Pa always said. Get out that ledger book and make yourself a budget. It's just... not many members of your household are going to be interested in joining you until the fire is out and all that smoke is cleared away. Or at least until their own personal flesh is not literally crisping.

YMMV.

[enhanced_deficit]

In un-related news:

Dow tanks by 400 points



The euro fell below $1.16 — its lowest level this year against the greenback — as Italian debt rates continued to rise.
The Stoxx Europe 600 fell 1.4 percent, weighed down by a 2.5 percent drop in Italy's FTSE MIB.


Published 7 Hours Ago Updated Moments Ago

https://www.cnbc.com/2018/05/29/us-stock-futures-dow-data-earnings-geopolitics-and-international-markets-on-the-agenda.html





The debt is bad, but if the wall isn't built there will be no America to save.


Because we're totally, like, beyond that point.

Reading Rich Dad Poor Dad and working on getting your credit card debt under control is something a household does when it's not undergoing a violent divorce.

And also not when every member of said household is suffering from multiple terminal diseases, none of them curable (or at least have never been cured before in the history of the world).

And is on fire.

But not getting into debt is super-important, it's true! 'Cash on the barrel,' Pa always said. Get out that ledger book and make yourself a budget. It's just... not many members of your household are going to be interested in joining you until the fire is out and all that smoke is cleared away. Or at least until their own personal flesh is not literally crisping.

YMMV.

Hope you guys are not implying that this is fakenews and in reality situation is not nice?

https://static-eu-central-1.theguardiansofdemocracy.com/uploads/2018/05/trump-tweet-2-400x240.jpg

[H_H]

Hope you guys are not implying that this is fakenews and in reality situation is not nice? Everything is indeed awesome, obviously. But awesome is as awesome does. And in the eye of the awesome beholder. It's like a box of chocolates.

[oyarde]

I support rallies against increasing debt and failure to cut spending and would attend any in my counties .

[enhanced_deficit]

Everything is indeed awesome, obviously. But awesome is as awesome does. And in the eye of the awesome beholder. It's like a box of chocolates.

Ok I think I know what you meant.
As long as POTUS is not being compared to Forrest Gump, it's cool.

[EBounding]

In un-related news:

Dow tanks by 400 points



The euro fell below $1.16 — its lowest level this year against the greenback — as Italian debt rates continued to rise.
The Stoxx Europe 600 fell 1.4 percent, weighed down by a 2.5 percent drop in Italy's FTSE MIB.


Published 7 Hours Ago Updated Moments Ago

https://www.cnbc.com/2018/05/29/us-stock-futures-dow-data-earnings-geopolitics-and-international-markets-on-the-agenda.html








Hope you guys are not implying that this is fakenews and in reality situation is not nice?

https://static-eu-central-1.theguardiansofdemocracy.com/uploads/2018/05/trump-tweet-2-400x240.jpg

My post was 100% sarcastic. But people actually do say that.

[CaptUSA]

My post was 100% sarcastic. But people actually do say that.

It's getting to be you can't tell what is sarcasm anymore. I owe you some rep. :D

[AuH20]

Let's be serious here. Besides the evangelicals, most people were outraged by Trump's recent budget foray.

[AuH20]

The debt is bad, but if the wall isn't built there will be no America to save.

Brazil North.

[CaptUSA]

Let's be serious here. Besides the evangelicals, most people were outraged by Trump's recent budget foray.

Yes, outraged! :rolleyes:

That's why they made signs and went to town halls and marches!

Let's really be serious here. They evaporated faster than Code Pink during Obama's tenure.

[DamianTV]

Anyone knows why Tea Party no longer holds rallies to protest mounting debt?


National debt is a looming threat that could hamstring U.S. government

May 26, 2018

The national debt (https://www.fool.com/investing/2017/10/14/heres-how-impossible-it-might-be-to-pay-down-our-n.aspx?&utm_campaign=article&utm_medium=feed&referring_guid=b2de9fdb-ecc9-48de-ae1e-ea9a26ad59d6&utm_source=usa-today) has been a contentious issue among politicians and economists for years, and its growth has shown no signs of slowing. The size of the national debt has nearly quadrupled over the past 20 years, climbing above the $20 trillion mark as of the end of the government's 2017 fiscal year and moving inexorably higher.

https://www.gannett-cdn.com/media/2018/05/25/USATODAY/USATODAY/636628457694767678-052518-debt-annual-interest-Online.png


Rock-bottom interest rates in recent years have effectively allowed the U.S. government to refinance its outstanding debt with much lower annual interest costs. For instance, in January 2000, the average interest rate on the U.S. Treasury's total interest-bearing debt was more than 6.5%. By December 2016, that figure had fallen to below 2.25%. A two-thirds drop in effective interest rates was necessary to avoid a disastrous rise in interest payments.
Recently, though, those rates have started to climb higher (https://www.fool.com/credit-cards/2018/03/30/interest-rates-are-on-the-rise-heres-how-to-prepar.aspx?&utm_campaign=article&utm_medium=feed&referring_guid=b2de9fdb-ecc9-48de-ae1e-ea9a26ad59d6&utm_source=usa-today). The move thus far hasn't been big, with current levels still below 2.4% as of April. However, if interest rates continue to go up, the much bigger national debt will dramatically boost the amount of money needed to pay annual interest. That could take money away from other valuable government services, creating a potential budget crisis that would be bad news for the government, as well as the American population.

https://www.usatoday.com/story/money/economy/2018/05/26/looming-threat-that-will-hamstring-us-government/35184907/

Zippy, and those like him.

[Mordan]

I don't care about the fiat debt anymore.

The smart tea party supporters bought some Bitcoins and don't really care about the fiat debt anymore.

I sure don't. Honestly the system is broken. Its beyond repair. All governments will just push the can of worms down the road as far as possible.

EDIT: actually, the fiat debt is good for Bitcoin... so yea Trump can print print print billions billions... money badger doesn't care.

[H_H]

As long as POTUS is not being compared to Forrest Gump, it's cool.

Sacrilege!!!!!

[H_H]

Honestly the system is broken.
It's beyond repair.
Print print print billions billions...
Money badger doesn't care.
Beautiful verse.

Victory* through technology.

*-ish.

[Anti Globalist]

Because the Tea Party got hijacked by neocons.