BeaverFever
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Everything posted by BeaverFever
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Yeah but there are also all kinds of innocent people who get swept up into those gulags: we’ve seen a Canadian who was simply trying to follow the contradictory instructions provided by us officials for her work visa get snatched up, and international students who criticize Israel. I don’t oppose deporting people who shouldn’t be in the country but what’s disturbing is the sadistic “cruelty theatre” where the administration goes out of its way to dehumanize and torment these people and brag about it just so their followers can delight in their misery. That’s some straight up fascist shit. Cruelty for its own sake.
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Why Canada is screwed and why nobody cares
BeaverFever replied to paxamericana's topic in Canada / United States Relations
He’s not a serious poster, he’s just here to troll. Just put him on ignore -
FDR was president for 16 years which imcluding Great Depression and World War 2, gimme a break. Ronald Reagan’s debt increase is legendary. Republicans used to say that’s how he won the cold war, by outspending the Soviets. The national debt increased by 186% during his term. It increased by “only” 88% under Obama ChatGPT: Here is a comprehensive look at how the gross federal debt (total debt, including what the government owes itself) changed under each U.S. president since Ronald Reagan, both in dollar terms and as a percentage of GDP. 🇺🇸 U.S. Federal Debt Increase by President (1981–2024) President Years Debt at Start Debt at End $ Increase % Increase Debt-to-GDP Start Debt-to-GDP End Ronald Reagan 1981–1989 $0.998 trillion $2.86 trillion +$1.86 trillion +186% ~31% ~52% George H. W. Bush 1989–1993 $2.86 trillion $4.41 trillion +$1.55 trillion +54% ~52% ~66% Bill Clinton 1993–2001 $4.41 trillion $5.81 trillion +$1.40 trillion +32% ~66% ~55% George W. Bush 2001–2009 $5.81 trillion $10.63 trillion +$4.82 trillion +83% ~55% ~73% Barack Obama 2009–2017 $10.63 trillion $19.95 trillion +$9.32 trillion +88% ~73% ~104% Donald Trump 2017–2021 $19.95 trillion $27.75 trillion +$7.8 trillion +39% ~104% ~128% Joe Biden 2021–2024* $27.75 trillion ~$34.6 trillion +$6.85 trillion +25% ~128% ~122% (est.) *2024 figures are estimates as of mid-year. Sources: U.S. Treasury, CBO, OMB, BEA 📌 Key Takeaways Reagan tripled the debt in dollar terms and reversed the post-WWII trend of declining debt-to-GDP. Clinton is the only modern president to reduce the debt-to-GDP ratio, thanks to economic growth and budget surpluses. Obama saw the largest dollar increase in debt due to the Great Recession and recovery efforts. Trump added nearly $8 trillion, including the massive 2020 COVID stimulus. Biden’s nominal debt has risen sharply, but debt-to-GDP has declined slightly due to strong post-pandemic GDP growth.
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Sorry my friend you are wrong Trump ran up national debt twice as much as Biden: new analysis By the numbers: Trump added $8.4 trillion in borrowing over a ten-year window, CRFB finds in a report out this morning. Biden's figure clocks in at $4.3 trillion with seven months remaining in his term. If you exclude COVID relief spending from the tally, the numbers are $4.8 trillion for Trump and $2.2 trillion for Biden. https://www.axios.com/2024/06/24/trump-biden-debt-deficits-election https://www.crfb.org/papers/trump-and-biden-national-debt US budget deficit grows to $1.3 trillion, the second highest six-month level on record https://apnews.com/article/trump-biden-budget-deficit-spending-tax-revenues-f2718421a0f0c1a9f856d06ac4563e41
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1. Regan is a Republican and is the biggest deficit spender That is Exhibit A in the argument that Republicans run bigger deficits 2. Obama is the only exception to the statement that Republicans run bigger deficits, as I already said. Biden did not run a bigger deficit than Trump, your statement is incorrect or a as a MAGA would say “you’re a liar”. So yea since at least Reagan, every single Republican president has run a larger deficit than every single Democrat, with the exception of Obama.
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LMAO that is such a ridiculous lie! At least this time you’re repeating tired old Republican propaganda instead of inventing your own BS. As usual for republican propaganda its not only untrue but ridiculously simplistic. Here’s a little tip for you: it’s a big complicated world and the explanation of why and how things happen is also usually big and complicated. I get that the appeal of Conservatism to some is that it tries to dumb everything down to simple explanations but the simplicity should be a red flag that it probably isn’t accurate. So let’s be clear: there never was any law forcing lenders to lend money to people who couldn’t afford to pay it back. Trying to blame the meltdown on poor and black people was the Republican excuse for all the financial shenanigans they allowed or tolerated while they had control of the House, Senate and presidency. I am not staying all of it was due to changes they made but they sure held all the keys to power if they wanted to change something In fact Bush’s 2002 “Blueprint for the American Dream” encouraged lenders as well as government controlled Fannie Mae and Freddie Mac to expand their lending to less qualified borrowers So as usual I’ll explain to you the real facts of the financial crisis and as usual you’ll whine and complain that its too long and your limited attention span can’t handle it, but I have a public duty to at least try. So here we go: The fact is most of the subprime loans at the heart of the crisis (but not it’s only cause) were to middle and upper-middle class people treating their home as a piggybank, trying to live higher up on the hog than their income warranted or stuck on the mortgage refinance treadmill that the US system allowed. The financial sector tried get to get the same financial shenanigans legalized in Canada but the Harper government including Mark Carney then at BOC told them to get lost. As Carney later said (I’m paraphrasing): “we didn’t approve these new financial products they were asking for because we couldn’t understand them and it was clear to us that they didn’t understand them either”. The US financial meltdown was caused by: The Fed allowing banks, insurance companies and lenders to have extremely high leverage ratios (the ratio of how much they lend out/insure to how much cash they actually have). In 2004, the Bush SEC relaxed leverage rules for major investment banks, allowing firms like Lehman Brothers to take on much more risk (up to 30–1 leverage, meaning for every dollar they have they could lend/insure 30) Allowing Loans and mortgages with ultra-low “introductory” rates and ultra-high, unaffordable standard rates once the intro period expired , which forced borrowers to constantly refinance or re-borrow, taking out more and more equity as the housing bubble expanded (ie stuck on the refinance treadmill) New investment products for bankers and other sophisticated investors called asset-backed securities and collateralized debt obligations which paid top dollar to purchase loans and mortgages from lenders and bundle them with other types of investments like stocks and bonds. The hot market for reselling loans created a moral hazard for lenders as they could immediately sell the loans they issued and would not be on the hook if the loan defaulted. In the hot market, loans would be packaged, sold, repackaged and resold through many traffickers and middlemen without anyone knowing anything about the actual borrowers It was so lucrative hardly anyone was doing any due diligence on the borrowers As for the investors and brokerages who were ultimately ended up with these loans: Their derivative investments attempted to use a lot of complicated math that finance/business people don’t understand to calculate the risk and return of these investments. The math nerds hired to calculate this stuff were always under pressure from the business/finance people to fudge the numbers The high interest rate of subprime lending (subprime doesn’t mean the borrower is poor, just that the incomes and credit history is suboptimal for the amount borrowed) made it an attractive asset, Finance people believed that if they sliced and diced and properly bundled these subprime assets with other higher quality assets they could reap the benefit of the high interest rate while diluting the risk if a large number of them defaulted. Then the Fed began raising interest rates to cool inflation, default rates began to rise and a housing glut fuelled by the bubble caused house prices to flatline and the housing bubble burst. Suddenly people - again middle class and even affluent people- who had become accustomed to refinancing their homes for ever increasing amounts couldn’t do another refinance and their into rate expired into these extreme contract rates. Defaults started to skyrocket. At the same time investors and brokerages realized they had no idea how toxic all these mortgage-based investments were. Because of the extremely complicated financial products and phd-level math required they didn’t know how much exposure their investments had to the mortgage meltdown People up and down the food chain from major multinationals to mom-and-pop and hobby investors had to write off TRILLIONS in value, which had a ripple effect through the US and global economy. Then there were Credit Default Swaps, private confidential insurance-like agreements between firms which were not regulated under insurance law or even public record. Company A pays money to company B and if Company A suffers a financial loss, Company B will pay them $x. Company A thinks it has peace of mind, Company B gets some regular cash flow. But because it’s unregulated and completely private, when companies started having financial problems and calling their CDS, they learned company B doesn’t have any money and unbeknownst to anyone had also been offering CDS to companies all over the country and can’t pay any of them either. So down they all go like dominos. In 2004–2006, the Bush administration blocked or ignored warnings from officials like Brooksley Born and some inside the Fed or the FDIC about the growing risk of unregulated derivatives . Indeed throughout his presidency the Bush government adopted a policy of lax regulatory oversight, weak enforcement and ignoring/silencing warnings By the time Bear Stears collapsed in March 2008 it was already long out of control So that’s how that went down, with specifics, not your simplistic fact-free nonsense that “Clinton did a something”.
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Obama inherited the worst economic collapse since the Great Depression which happened during Bush Jr’s watch with a Republican House and Senate. plus the massive debts of Bush’s war in Iraq which he totally fabricated And Obama spending brought healthcare coverage to millions while Trump was just giving tax cuts to millionaires
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He’s not done anything but waste time and energy. He cut off aid to Ukraine while Russia launched largest missile attacks of the entire war. It’s taken him 6 months to learn what the rest of us have known for years The only people in Congress or this forum defending Putin and demonizing Zelenskyy are MAGA nutjobs like MTG and @Nationalist and @taxme, among others. Sure you come across the odd leftover antiwar hippie alleging this is somehow all ginned up by the western military-industrial complex but they are few and far between, on the far fringe of the left and unlike MAGA kooks they aren’t defending Putin or repeating obvious kremlin lies about biolabs and and a genocide of ethnic Russians I mean what I said: he attempted to blackmail Ukraine for non-existent incriminating evidence, which he hoped to use to settle a personal vendetta. Not Hunter’s tax US tax return Not Hunter’s federal firearms form that Republicans don’t even believe should exist in the first place. In hindsight Obama underestimated Putin that’s clear. Trump did not threaten Putin. He went to Helsinki and performed several homosexual acts on Putin in front of the world media, crowing about how stong and powerful Putin is and that he believes Putin’s word over that of US intelligence agencies. I don’t think there’s a single orifice or appendage on Putin’s body that didn’t get a thorough tongue-bath from Trump that day.
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Trump announces 35% tariffs on Canada starting Aug. 1
BeaverFever replied to CdnFox's topic in Federal Politics in Canada
No it’s just Trump being Trump: unreasonable, irrational and erratic. If you haven’t seen, he’s upping the tariffs on pretty much everyone and said the baseline 10% universal on all countries would go up to 15% or 20%. It’s not a coincidence thisnis happening after his “Big beautiful bill” jacked up the deficit again. He is cash poor and looking for federal revenue or personal bribes Maybe if we offer him a a tricked out luxury airplane, buy a couple million worth of Trump crypto, ugly made in China Trump sneakers, watches etc, some memberships to the that new Trump family bribe private club and so on he will leave us alone. Also: the White House has just said the new tariff only applies to the non-CUSMA compliant trade which is already tariffed at 25% -
Trump and Epstein partied together for almost 2 decades in NewYork, in Florida, on Epstein’s Lolita Island and on his Lolita Express airplane. There are numerous photos and videos of them together It’s not in dispute that Trump and Epstein were good friends for a long time. The only question is what did Trump know and when did he know it. Whether Trump himself was ever directly involved will always be a matter of politically motivated speculation.
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Your whataboutery ignores the facts that: 1) Trump boasted he would end the war within 24 hours of taking office 2) MAGAs have spent most of the last 3.5 years claiming that Putin was the innocent good guy and that the war was started by warmongering Biden and Zelenskyy Now to your claims: 1)Trump CUT OFF weapons to Ukraine in order to blackmail Zelenskyy for non-existent incriminating evidence against th Hunter Biden 2) Putin’s invasion actually started in 2014 with his proxy forces and he was hoping to negotiate with Trump a peaceful takeover of Ukraine. He invaded when it became clear he wasn’t going get that from Biden.
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What’s the BS? Trump inherited a healthy economy what’s his excuse for pre-pandemic deficits? Biden’s “post pandemic” budgets had to deal with post pandemic problems like the supply chain and struggling industries and states/municipalities that hadn’t recovered from the pandemic or these new issues. You CLAIM they were “not needed” but that’s just your opinion and others disagree. Yes it’s true all budgets need congressional approval so to the extent that some may have been approved by some democrats there’s blame to share. But once again I am not saying deficits are bad. Many/most democrats don’t say deficits are bad either. It’s the Republicans who are hypocrites because “deficits are evil” has been a cornerstone of their political rhetoric since Reagan, constantly screeching about Democrats spending but yet Republicans are consistently the biggest deficit spenders of all. There’s nothing wrong with saying you’re ok with deficits and running deficits but there’s dishonesty when you claim to be an anti-deficit crusader while having the worst record on deficit spending. Just like there’s nothing wrong with being an openly gay politician but these Republican anti-gay crusaders who get caught being secretly gay is a whole other thing.
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That’s exactly what happened and I roasted you for the error so you’re either lying or you truly are incapable of remembering inconvenient truths. Lol THAT never happened. What example did you provide? You are notorious for NEVER giving examples or evidence for your claims. No, what I told you was Trump was only president for the first 10 months of COVID and he ran deficits in every single year BEFORE COVID. Meanwhile Biden had to deal more with COVID and the post-pandemic economic shocks and supply chain issues from day 1 through nearly his entire presidency so I accurately pointed out it’s hilarious that you wanted to use COVID as a blanket excuse for Trump’s deficits but you won’t give even a sliver of an excuse to Biden. It just shows how ridiculously biased you are. As I’ve demonstrated again, the lies are coming from you and Trump and the MAGAs are the most egregious liars of them all
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Trump now condemning Putin, vowing to arm Ukraine and hinting at a “special surprise” for Putin if he doesn’t cease escalation and come to the table to bargain in good faith Remember when Trump promised to end the war within 24 hours of taking office, MAGAs called Biden a warmonger for arming Ukraine and claimed Putin just wanted peace and was was just trying to defend himself from Ukrainian/western aggression? Pepperidge Farm remembers.
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Biden’s largest deficit was $1.7T. Trump’s largest from his first term was over $3T. Biden only increased Debt to gdp ratio by 6 because economy was also growing , Trump increased it by 24% in just 1 term. in the chart below you can see that with the exception of Obama the Republicans are all at the top and the seems are all at the bottom, keep in mind Trump and Bush Sr were ONE TERM Presidents and much of Obama’s spending was continued Bush’s bailouts from the Bush Great Recession President | % Increase in National Debt ------------------|------------------------------ Ronald Reagan | ██████████████████████████ 196% Barack Obama | ██████████████████ 99% George W. Bush | ███████████████ 72% George H.W. Bush | ███████████ 56% Donald Trump | █████████ 40% Bill Clinton | ████████ 38% Joe Biden (est.) | █████ 24%
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LMAO what the hell are you talking about? You’re just spouting your made up nonsense without a shred of evidence again. The last time we went over this YOU hilariously lied and tried to claim Bush Jr ran a balanced budget when in fact he massively INCREASED the debt and never ran a single balanced budget And for the record Clinton inherited a weak economy from Bush Sr Bush Jr inherited a booming economy from Clinton Obama inherited a completely destroyed economy from Bush Jr and much of the debt he incurred was continuing the TARP bailouts and other stimulus from the Bush recession….so a Democrat cleaning up a republicans mess, literally the opposite of what you claimed Trump inherited a steadily growing economy from Obama Biden inherited a struggling economy from Trump Trump inherited a growing economy from Biden and has completely destabilized it So exactly what messes were Republicans cleaning up with their debts?
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LMAO your response is hilarious when you consider the defecits are always biggest under republicans especially when the Republicans control the white house, senate and house of representatives as they do now I don’t pretend to care about the debt. I’ve said repeatedly that there’s no reason to ever pay off the debt or even pay it down. I’ve said repeatedly while debt can become unsustainable beyond a certain threshold as long as that threshold is never crossed it’s a non-issue. Whats hilarious is that shrieking about balancing the budget and paying off debt is a PRIMARY PILLAR of conservatism and they shriek that anyone who doesn’t subscribe to their dogma is a Stalin-worshipping Davos WEF Communist Corporatist Atheist Islamist who secretly wants to enslave the world. But in reality they’re the worst offenders at running deficits and increasing debt.
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LOL no they don’t. Tens of Millions of Americans were able to afford healthcare under Obama’s budget. Trump’s bill takes healthcare away from tens of millions. Biden’s budget gave tax breaks for buying zero emissions vehicles. Trump’s budget cancels that and gives tax breaks for gun silencers Bush’s massive deficit was for his ginned up fraudulent invasion of Iraq based on his administration’s lies and fabrications, that killed hundreds of thousands of innocent civilians and thousands of American troops
