ActionfigureJoe Posted August 11, 2018 Share Posted August 11, 2018 It’s good. It’s good. https://www.zerohedge.com/news/2018-08-10/budget-deficit-soars-684bn-10-months-spending-interest-hits-all-time-high Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 11, 2018 Share Posted August 11, 2018 Remember this? https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 11, 2018 Share Posted August 11, 2018 Good luck to the future generations. Any selfish prick who voted for Trump gets what they deserve. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted August 11, 2018 Author Share Posted August 11, 2018 1 minute ago, racer254 said: Remember this? https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades Uh huh. And the gop have taken this deficit thing into the stratosphere. They’ve slashed taxes and stepped on the gas with spending. It’s only a matter of time. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 11, 2018 Share Posted August 11, 2018 3 minutes ago, ActionfigureJoe said: Uh huh. And the gop have taken this deficit thing into the stratosphere. They’ve slashed taxes and stepped on the gas with spending. It’s only a matter of time. They filled the swamp with thieves Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted August 11, 2018 Platinum Contributing Member Share Posted August 11, 2018 What's it like going through day to day life and being over the top obsessed with someone? Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 11, 2018 Share Posted August 11, 2018 Did Trump raise the rates? He sure as fuck didnt create the debt that needs servicing. Fucking morons Quote Link to comment Share on other sites More sharing options...
Snake Posted August 11, 2018 Share Posted August 11, 2018 Obama's $10,000,000,000,000 didn't count. Quote Link to comment Share on other sites More sharing options...
frenchy Posted August 11, 2018 Share Posted August 11, 2018 Just now, f7ben said: Did Trump raise the rates? He sure as fuck didnt create the debt that needs servicing. Fucking morons Inflation had been pretty much wiped off the map as an economic concern in most of our lifetimes until trump got elected. Any idea why that is? Quote Link to comment Share on other sites More sharing options...
Snake Posted August 11, 2018 Share Posted August 11, 2018 Just now, frenchy said: Inflation had been pretty much wiped off the map as an economic concern in most of our lifetimes until trump got elected. Any idea why that is? Free fucking money? Quote Link to comment Share on other sites More sharing options...
frenchy Posted August 11, 2018 Share Posted August 11, 2018 1 minute ago, Snake said: Free fucking money? Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 11, 2018 Share Posted August 11, 2018 (edited) 7 minutes ago, frenchy said: Inflation had been pretty much wiped off the map as an economic concern in most of our lifetimes until trump got elected. Any idea why that is? Because we actually have real demand. Controlled inflation is a good thing. Artificially low rates , 0% GDP and ballooning debt are a bad thing. Trump needs to reign in spending....that is for sure. The issue with servicing our debt was always going to happen. Artificially low rates kept the govt afloat. Now we are in for some pain and it has nothing to do with Trump. Useless endless war and massive govt spending for the past 20 years are to blame. Edited August 11, 2018 by f7ben Quote Link to comment Share on other sites More sharing options...
frenchy Posted August 11, 2018 Share Posted August 11, 2018 2 minutes ago, f7ben said: Because we actually have real demand. Controlled inflation is a good thing. Artificially low rates , 0% GDP and ballooning debt are a bad thing. Trump needs to reign in spending....that is for sure. The issue with servicing our debt was always going to happen. Artificially low rates kept the govt afloat. Now we are in for some pain and it has nothing to do with Trump. Useless endless war and massive govt spending for the past 20 years are to blame. Sure it has to do with trump. He can only control the here and now. Tax cuts and increased spending while the economy is humming will only exacerbate the problem. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 11, 2018 Share Posted August 11, 2018 7 minutes ago, frenchy said: Sure it has to do with trump. He can only control the here and now. Tax cuts and increased spending while the economy is humming will only exacerbate the problem. The economy was not humming....we had 8 years of 0% GDP and an economy propped up by the FED. If you can't acknowledge that then there is no use is further discussion Quote Link to comment Share on other sites More sharing options...
Snake Posted August 11, 2018 Share Posted August 11, 2018 22 minutes ago, f7ben said: The economy was not humming....we had 8 years of 0% GDP and an economy propped up by the FED. If you can't acknowledge that then there is no use is further discussion ^ Quote Link to comment Share on other sites More sharing options...
JEFF Posted August 11, 2018 Share Posted August 11, 2018 25 minutes ago, f7ben said: The economy was not humming....we had 8 years of 0% GDP and an economy propped up by the FED. If you can't acknowledge that then there is no use is further discussion End of thread. Quote Link to comment Share on other sites More sharing options...
frenchy Posted August 11, 2018 Share Posted August 11, 2018 38 minutes ago, f7ben said: The economy was not humming....we had 8 years of 0% GDP and an economy propped up by the FED. If you can't acknowledge that then there is no use is further discussion Apparently not. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 11, 2018 Share Posted August 11, 2018 1 minute ago, frenchy said: Apparently not. You wanna rewrite history and make Obama's economy something it wasnt have at it. It's a fools errand Quote Link to comment Share on other sites More sharing options...
frenchy Posted August 11, 2018 Share Posted August 11, 2018 Just now, f7ben said: You wanna rewrite history and make Obama's economy something it wasnt have at it. It's a fools errand Not rewriting anything but only mouth breathers like you will dismiss economic indicators for one and praise the same economic indicators for another simply because of who you like more. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 11, 2018 Share Posted August 11, 2018 (edited) 4 minutes ago, frenchy said: Not rewriting anything but only mouth breathers like you will dismiss economic indicators for one and praise the same economic indicators for another simply because of who you like more. Not the case at all. Remove QE and Obama grew the economy 0% over 8 years. He had a FED that kept rates near zero his entire two terms. Those are facts.....we can argue if it was needed or not and who's to blame all day but they are facts. Trump has neither of those two things. In fact he has the opposite. The FED is unwinding its balance sheet and raising rates. This is putting significant pressure on the budget and economy in several ways. I argue in facts....you are clearly arguing on emotion. I don't like Trump and I didnt like Obama. Trumps economics are countless times better though Edited August 11, 2018 by f7ben Quote Link to comment Share on other sites More sharing options...
frenchy Posted August 11, 2018 Share Posted August 11, 2018 1 minute ago, f7ben said: Not the case at all. Remove QE and Obama grew the economy 0% over 8 years. He had a FED that kept rates near zero his entire two terms. Those are facts.....we can argue if it was needed or not and who's to blame all day but they are facts. Trump has neither of those two things. In fact he has the opposite. The FED is unwinding its balance sheet and raising rates. This is putting significant pressure on the budget in several ways. I argue in facts....you are clearly arguing on emotion. I don't like Trump and I didnt like Obama. Trumps economics are countless times better though Emotion? I don’t run around this site all day half cocked spit flying like you momo. Not even an Obama fan but can look at his economic record objectively something you are clearly incapable of doing. Never mind the fact you are comparing 2 years vs 8 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 11, 2018 Share Posted August 11, 2018 Haha! Nobody cares about deficits and debt cuz Obama! Haha! Republicans are the best spenders and best debt makers! Take that Obama! Haha! Quote Link to comment Share on other sites More sharing options...
Anler Posted August 11, 2018 Share Posted August 11, 2018 (edited) 18 minutes ago, frenchy said: Emotion? I don’t run around this site all day half cocked spit flying like you momo. Not even an Obama fan but can look at his economic record objectively something you are clearly incapable of doing. Never mind the fact you are comparing 2 years vs 8 The increased spending will have a positive effect on the economy short term. Once inflation catches up we will then have a govt that is half a trillion bigger and an annual deficit over $1 trillion. It is by no means a responsible measure with an economy that has been steadily growing for 80 months. And more military action is on table which will always blow up more spending. It's ok, I'm gonna make my money while it's there. My info says we have another 2 years of solid spending. After that, who knows. Edited August 11, 2018 by Nazipigdog 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 11, 2018 Share Posted August 11, 2018 36 minutes ago, frenchy said: Emotion? I don’t run around this site all day half cocked spit flying like you momo. Not even an Obama fan but can look at his economic record objectively something you are clearly incapable of doing. Never mind the fact you are comparing 2 years vs 8 Way to address the points in my posts. You're MC .....congrats Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted August 11, 2018 Share Posted August 11, 2018 (edited) 4 hours ago, Mainecat said: Good luck to the future generations. Any selfish prick who voted for Trump gets what they deserve. you stupid fuck even you can't put this massive interest payment at trumps feet . your black God was by far the largest contributor to this debt . and we know sure shit you were all for that overwhelming spending spree Edited August 11, 2018 by Ez ryder Quote Link to comment Share on other sites More sharing options...
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