/dev/null Posted October 24, 2019 Share Posted October 24, 2019 We're $20 Trillion in debt, but our Bacon Surplus has never been higher 1 Link to comment Share on other sites More sharing options...
Doc Brown Posted October 24, 2019 Share Posted October 24, 2019 13 hours ago, Buffalo_Gal said: The condescension by that writer... unless I am reading this wrong (always possible) - </snip>But, like so much of the policy framework the populist right is working to develop to underpin it’s rhetoric, the proposed legislation, if it is to be implemented, must overcome the inertia of a status quo that has maintained for decades. How, for instance, would the federal agencies fill high-skill positions that require post-college education when the vast majority of highly educated Americans have, for decades, shunned the middle of the country in favor of coastal cities? The prospect of secure employment and a low cost of living will help, but the move will likely require a broader cultural transformation as well. </snip> Because no one in middle America has higher degrees!? No one wants to live in middle America? Shesh As to the idea? Like all things there are positives and negatives. I don't think vast majority means no one in middle America. Link to comment Share on other sites More sharing options...
Buffalo_Gal Posted October 24, 2019 Share Posted October 24, 2019 1 hour ago, /dev/null said: We're $20 Trillion in debt, but our Bacon Surplus has never been higher Mmmmm bacon ? I'll do my part to get that surplus down! 1 Link to comment Share on other sites More sharing options...
Prickly Pete Posted October 24, 2019 Share Posted October 24, 2019 "Has Washington DC ever voted Republican? The District of Columbia is the only non-state to be enfranchised for presidential elections, gaining electoral votes through the ratification of the 23rd Amendment in 1961. ... The vote here has always been heavily Democratic; no Republican has ever won an electoral vote." The agencies in DC are filled with Democrats. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 24, 2019 Share Posted October 24, 2019 2 hours ago, /dev/null said: We're $20 Trillion in debt, but our Bacon Surplus has never been higher BUY MORTIMER BUY!!! 2 Link to comment Share on other sites More sharing options...
GG Posted October 24, 2019 Author Share Posted October 24, 2019 Funny how the left insists that cops need to live within their communities to understand the people they're policing, but bureaucrats needs to be sequestered far away. 4 1 1 1 Link to comment Share on other sites More sharing options...
DC Tom Posted October 24, 2019 Share Posted October 24, 2019 6 hours ago, 32ABBA said: "Has Washington DC ever voted Republican? The District of Columbia is the only non-state to be enfranchised for presidential elections, gaining electoral votes through the ratification of the 23rd Amendment in 1961. ... The vote here has always been heavily Democratic; no Republican has ever won an electoral vote." The agencies in DC are filled with Democrats. Not really. Most federal workers come from the surrounding suburbs, which are Democratic, but not as rabidly so as DC. Link to comment Share on other sites More sharing options...
Foxx Posted October 24, 2019 Share Posted October 24, 2019 (edited) the overnight repo rate for 10/24?? $120BN. a massive 60% increase from just two weeks ago. additionally, the term repo went up to $45BN, a 28% increase from the last issuance on the 22nd. between the term and the securities submitted last night (overnight repo), the FED just injected $134 BN in liquidity (roughly $385 per person in the US). what is driving this? a certain bank bracing for Brexit? Edited October 24, 2019 by Foxx Link to comment Share on other sites More sharing options...
Tiberius Posted October 25, 2019 Share Posted October 25, 2019 The U.S. deficit hit $984 billion in 2019, soaring during Trump era Budget experts say it is unprecedented for America’s deficit to expand this much during relatively good economic times. By Heather Long and Jeff Stein Link to comment Share on other sites More sharing options...
row_33 Posted October 25, 2019 Share Posted October 25, 2019 So i guess next week is the cratering of the Dow and the US economy, as I’ve been adjured many times by people who just don’t get it.... Link to comment Share on other sites More sharing options...
TPS Posted October 26, 2019 Share Posted October 26, 2019 On 10/24/2019 at 11:36 AM, GG said: Funny how the left insists that cops need to live within their communities to understand the people they're policing, but bureaucrats needs to be sequestered far away. The left? Who exactly? On 10/24/2019 at 4:34 PM, Foxx said: the overnight repo rate for 10/24?? $120BN. a massive 60% increase from just two weeks ago. additionally, the term repo went up to $45BN, a 28% increase from the last issuance on the 22nd. between the term and the securities submitted last night (overnight repo), the FED just injected $134 BN in liquidity (roughly $385 per person in the US). what is driving this? a certain bank bracing for Brexit? Clogged plumbing in a very large payment system. 1 hour ago, Tiberius said: The U.S. deficit hit $984 billion in 2019, soaring during Trump era Budget experts say it is unprecedented for America’s deficit to expand this much during relatively good economic times. By Heather Long and Jeff Stein It’s whats driving the trump economy. He’s a great Keynesian! Link to comment Share on other sites More sharing options...
3rdnlng Posted October 26, 2019 Share Posted October 26, 2019 3 hours ago, Tiberius said: The U.S. deficit hit $984 billion in 2019, soaring during Trump era Budget experts say it is unprecedented for America’s deficit to expand this much during relatively good economic times. By Heather Long and Jeff Stein Obama had several deficits that high or higher and according to you liberals he had a good economy. Which is it, good economy or bad economy for the guy that thought Hawaii was in Asia? Link to comment Share on other sites More sharing options...
keepthefaith Posted October 26, 2019 Share Posted October 26, 2019 5 hours ago, Tiberius said: The U.S. deficit hit $984 billion in 2019, soaring during Trump era Budget experts say it is unprecedented for America’s deficit to expand this much during relatively good economic times. By Heather Long and Jeff Stein Agree. Hopefully Dems will bang on the White House door and demand some spending and entitlement cuts. 1 3 Link to comment Share on other sites More sharing options...
TPS Posted October 26, 2019 Share Posted October 26, 2019 8 hours ago, 3rdnlng said: Obama had several deficits that high or higher and according to you liberals he had a good economy. Which is it, good economy or bad economy for the guy that thought Hawaii was in Asia? The point of the article, (outside of WWII) the deficit has NEVER been this large when unemployment is this low. Unemployment and the deficit almost always move in the opposite direction. Trump's tax cuts and spending increases have changed that. As I said, he's a good Keynesian.... Link to comment Share on other sites More sharing options...
Buffalo_Gal Posted October 26, 2019 Share Posted October 26, 2019 2 hours ago, TPS said: The point of the article, (outside of WWII) the deficit has NEVER been this large when unemployment is this low. Unemployment and the deficit almost always move in the opposite direction. Trump's tax cuts and spending increases have changed that. As I said, he's a good Keynesian.... Many pages back, I posted the breakdown of the budget. A ton of spending is set in stone by law. If you are unhappy with the way the small portion that is discretionary is spent, or the laws that were passed for the mandatory portion of spending, I urge you to contact your House member to get the budget under control, the laws repealed, and unnecessary spending cut. ? My opinion? The budget and deficit are out of control. The one thing the uniparty members all agrees upon is that they never met a dollar they couldn't spend (at least) three times. 2 Link to comment Share on other sites More sharing options...
3rdnlng Posted October 26, 2019 Share Posted October 26, 2019 2 hours ago, TPS said: The point of the article, (outside of WWII) the deficit has NEVER been this large when unemployment is this low. Unemployment and the deficit almost always move in the opposite direction. Trump's tax cuts and spending increases have changed that. As I said, he's a good Keynesian.... Link to comment Share on other sites More sharing options...
TPS Posted October 26, 2019 Share Posted October 26, 2019 1 hour ago, 3rdnlng said: You have to be very biased to believe you can compare deficits when unemployment is 3.5% vs > 6%. And my statement was made based on the deficit to gdp ratio, since you also can’t compare a dollar deficit today to a dollar deficit from several years back when the economy is a couple trillion $s larger today. Link to comment Share on other sites More sharing options...
SoCal Deek Posted October 26, 2019 Share Posted October 26, 2019 Once we passed a national debt in excess of 20 Trillion it appears nobody really cares anymore. If you can’t bend the curve after three years of utter prosperity then I guess it permanently bent. Link to comment Share on other sites More sharing options...
OldTimeAFLGuy Posted October 26, 2019 Share Posted October 26, 2019 (edited) On 10/23/2019 at 4:32 PM, DC Tom said: That's not the worst idea I've ever heard. Not the best, either. But not the worst. ...problem solved....move 'em all to North Korea......no loss......at least they execute dead wood..... Edited October 26, 2019 by OldTimeAFLGuy Link to comment Share on other sites More sharing options...
GG Posted October 26, 2019 Author Share Posted October 26, 2019 17 hours ago, TPS said: The left? Who exactly Every D politician in the NYC area. Link to comment Share on other sites More sharing options...
Buffalo_Gal Posted October 30, 2019 Share Posted October 30, 2019 Gross Domestic Product, Third Quarter 2019 (Advance Estimate)Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the third quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent. </snip> Link to comment Share on other sites More sharing options...
row_33 Posted October 30, 2019 Share Posted October 30, 2019 Black Tuesday came and went without much ado so disappointing, all the experts told me it was the End of the World guaranteed for the 58th straight time they have been wrong 1 Link to comment Share on other sites More sharing options...
Foxx Posted October 30, 2019 Share Posted October 30, 2019 7 minutes ago, row_33 said: Black Tuesday came and went without much ado so disappointing, all the experts told me it was the End of the World guaranteed for the 58th straight time they have been wrong but... remember remember the 5th of November. 1 Link to comment Share on other sites More sharing options...
row_33 Posted October 30, 2019 Share Posted October 30, 2019 1 minute ago, Foxx said: but... remember remember the 5th of November. feel this urge to play a much enjoyed album i haven't in a long time..... Link to comment Share on other sites More sharing options...
billsfan89 Posted October 30, 2019 Share Posted October 30, 2019 On 10/26/2019 at 6:38 AM, Buffalo_Gal said: Many pages back, I posted the breakdown of the budget. A ton of spending is set in stone by law. If you are unhappy with the way the small portion that is discretionary is spent, or the laws that were passed for the mandatory portion of spending, I urge you to contact your House member to get the budget under control, the laws repealed, and unnecessary spending cut. ? My opinion? The budget and deficit are out of control. The one thing the uniparty members all agrees upon is that they never met a dollar they couldn't spend (at least) three times. The increase to the military budget was 80 billion dollars and the tax cuts added about 200 billion to the deficit. That's nearly 300 billion added to the deficit that is completely self inflicted by the Trump administration's policies. The argument isn't that there would be no deficit because of the factors you mentioned but that Trump has ramped them up by 35% or more. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted October 30, 2019 Share Posted October 30, 2019 I really question the tax cut figures so often tossed around. Out here in California we didn’t see a tax cut. Since I can no longer write off my state and local taxes I believe my taxes actually went up not down. And I believe the same is true for NY state. Link to comment Share on other sites More sharing options...
3rdnlng Posted October 30, 2019 Share Posted October 30, 2019 Federal revenues have gone up approximately 447 billion dollars since 2016. No doubt this increase was due in part to Trump policies. It's easy to bend figures to support an outcome. 1 minute ago, SoCal Deek said: I really question the tax cut figures so often tossed around. Out here in California we didn’t see a tax cut. Since I can no longer write off my state and local taxes I believe my taxes actually went up not down. And I believe the same is true for NY state. California taxes are high and since you can no longer write them off one would think that you are in the relatively small percentage that will have your taxes go up. Maybe you can start a movement to get California taxes reduced by taxing all people on your voter rolls. -) Link to comment Share on other sites More sharing options...
SoCal Deek Posted October 30, 2019 Share Posted October 30, 2019 4 minutes ago, 3rdnlng said: Federal revenues have gone up approximately 447 billion dollars since 2016. No doubt this increase was due in part to Trump policies. It's easy to bend figures to support an outcome. California taxes are high and since you can no longer write them off one would think that you are in the relatively small percentage that will have your taxes go up. Maybe you can start a movement to get California taxes reduced by taxing all people on your voter rolls. -) Don’t get me wrong. I support the change. For too long high tax States have been on a slippery slope slowly peeling away the amount they contribute to national expenses like defense, etc. My point is that many wrongfully buy into the talking point that high earners saw a tax break. I can tell you I did not get a tax cut. Mine went up! But that doesn’t fit the left wing narrative....so. Link to comment Share on other sites More sharing options...
TPS Posted October 30, 2019 Share Posted October 30, 2019 24 minutes ago, 3rdnlng said: Federal revenues have gone up approximately 447 billion dollars since 2016. No doubt this increase was due in part to Trump policies. It's easy to bend figures to support an outcome. Based on calendar year data from the BEA and CBO, total federal revenue went up by $62 billion from 2016 to 2018. Compared to the previous two year (2014-2016), revenues increased by $248 billion over that period. Revenues as a share of the economy (GDP) were 17.6% in 2016 and 16.5% in 2018, and using 2018 GDP, that reduction of 1.1% amounts to a loss of revenue = $225 billion (which is where that $200 billion contribution to the deficit is coming from). Overall, the tax cuts lowered the federal government's share of revenue out of total income. 33 minutes ago, SoCal Deek said: I really question the tax cut figures so often tossed around. Out here in California we didn’t see a tax cut. Since I can no longer write off my state and local taxes I believe my taxes actually went up not down. And I believe the same is true for NY state. Yes, the majority of Americans got crumbs, and those of us in high tax states paid more. Most of the tax cuts went to the top 1%, directly or indirectly via stock buybacks. 1 Link to comment Share on other sites More sharing options...
3rdnlng Posted October 30, 2019 Share Posted October 30, 2019 21 minutes ago, SoCal Deek said: Don’t get me wrong. I support the change. For too long high tax States have been on a slippery slope slowly peeling away the amount they contribute to national expenses like defense, etc. My point is that many wrongfully buy into the talking point that high earners saw a tax break. I can tell you I did not get a tax cut. Mine went up! But that doesn’t fit the left wing narrative....so. I don't envy you. I lived in CA at a much better time and it was still fvcked up. Your politicians, by their actions/non actions have proven that they have no practical sense. You've got trains that go nowhere but accumulation of deadfall in your forests when your state has the propensity for wildfires. You desperately need water but let it flow to the ocean to protect the Delta Smelt. You have rampant homelessness fostering the spread of Medieval diseases. Every one of your state's major problems can be solved by solving your water problems though. Where is the leadership from your state? https://taxfoundation.org/federal-tax-revenue-source-1934-2018 Link to comment Share on other sites More sharing options...
transplantbillsfan Posted October 30, 2019 Share Posted October 30, 2019 1.9% GDP growth. And so much Presidential policy has to do with this--hellooooo tariffs!!! Another Trump promise breaking to pieces before his eyes at perhaps the most inopportune time. Get yer 'scuses rolling over here for the Donald. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted October 30, 2019 Share Posted October 30, 2019 Tariff man!!! Link to comment Share on other sites More sharing options...
Deranged Rhino Posted October 30, 2019 Share Posted October 30, 2019 14 minutes ago, transplantbillsfan said: 1.9% GDP growth. And so much Presidential policy has to do with this--hellooooo tariffs!!! Another Trump promise breaking to pieces before his eyes at perhaps the most inopportune time. Get yer 'scuses rolling over here for the Donald. When you're forced to celebrate bad news for the country because of pure partisanship -- you might have your priorities out of whack. Just saying. (And it's why Trump is going to win 2020 in a walk -- sentiments like the one you shared above) Link to comment Share on other sites More sharing options...
3rdnlng Posted October 30, 2019 Share Posted October 30, 2019 32 minutes ago, transplantbillsfan said: 1.9% GDP growth. And so much Presidential policy has to do with this--hellooooo tariffs!!! Another Trump promise breaking to pieces before his eyes at perhaps the most inopportune time. Get yer 'scuses rolling over here for the Donald. The Trump economy slides toward the Obama era economic levels while Trump stands firm against China's unfair trade practices. Also, with everyone working already its difficult to produce more. -) Link to comment Share on other sites More sharing options...
row_33 Posted October 30, 2019 Share Posted October 30, 2019 11 minutes ago, 3rdnlng said: The Trump economy slides toward the Obama era economic levels while Trump stands firm against China's unfair trade practices. Also, with everyone working already its difficult to produce more. -) it's like the people before the NASDAQ meltdown assuring me that a large company could indeed make a 33% continual profit for the next 50 straight years to justify the stock price Link to comment Share on other sites More sharing options...
Deranged Rhino Posted October 30, 2019 Share Posted October 30, 2019 Link to comment Share on other sites More sharing options...
Deranged Rhino Posted October 30, 2019 Share Posted October 30, 2019 1 Link to comment Share on other sites More sharing options...
transplantbillsfan Posted October 30, 2019 Share Posted October 30, 2019 2 hours ago, Deranged Rhino said: When you're forced to celebrate bad news for the country because of pure partisanship -- you might have your priorities out of whack. Just saying. (And it's why Trump is going to win 2020 in a walk -- sentiments like the one you shared above) What a laugh coming from this board--how hypocritical. The economy was honestly the one thing I was hopeful for when Trump became President. I always thought his proclamation that he'd be able to get the economy to 5 or even 6 percent was a joke, but I honestly thought he'd managae to push it up steadily above 3%. Instead, he's one of the primary instigators of a global slowdown. 1 Link to comment Share on other sites More sharing options...
Deranged Rhino Posted October 30, 2019 Share Posted October 30, 2019 Just now, transplantbillsfan said: What a laugh coming from this board--how hypocritical. Show me one post I've made where I've celebrated a partisan outcome over the nation's interest. Just one. Link to comment Share on other sites More sharing options...
transplantbillsfan Posted October 30, 2019 Share Posted October 30, 2019 2 hours ago, 3rdnlng said: The Trump economy slides toward the Obama era economic levels while Trump stands firm against China's unfair trade practices. Also, with everyone working already its difficult to produce more. -) Yeah right... Obama killed this country. It was him that was responsible for our economic slowdown before he got into office!!! The fact that he couldn't stop the freight train that was the economic collapse that was in full swing before he got into office quick enough and allowed job losses on his watch as he got into office is inexcusable!!! Let's forget that all this economic growth started with him!!! OBAMA BAD!!! You guys are always good for a laugh with your hypocrisy 1 Link to comment Share on other sites More sharing options...
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