spin_dry Posted May 1, 2020 Share Posted May 1, 2020 But. But. But, the fbi tricked a fired general into lying. https://justthenews.com/government/congress/arizona-rep-andy-biggs-says-national-debt-could-climb-high-30-trillion-end Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 1, 2020 Share Posted May 1, 2020 This and the Caroonba kills need more cowbell! Let's pump up thise numbers!!!!!!!!!!!!! 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted May 1, 2020 Share Posted May 1, 2020 So Trump is going to outspend 8 years of Obama in 4 years? Im sure republicans are furious about that! Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 1, 2020 Share Posted May 1, 2020 3 minutes ago, Anler said: So Trump is going to outspend 8 years of Obama in 4 years? Im sure republicans are furious about that! But muh payroll tax holiday!!! Derrrr 2 Quote Link to comment Share on other sites More sharing options...
Anler Posted May 1, 2020 Share Posted May 1, 2020 4 minutes ago, f7ben said: But muh payroll tax holiday!!! Derrrr OMGeeee! Can you imagine the kind of rocket the economy would be? Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted May 1, 2020 Share Posted May 1, 2020 Debt has been going up steadily for a long time. As a percentage of GDP it has actually remained relatively flat for a few years. As the economy shrinks and we spend $4 trillion on stimulus we will see GDP/debt spike just like it did in 2008-2010. Eventually it will all come crashing down and interest rates will go through the roof and the US government will need to get serious on cutting spending. Likely we see tax rates go up and economic growth stagnate. When it comes to debt and spending, orange man bad. Not really surprising considering how he has leveraged his businesses over the years. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 1, 2020 Share Posted May 1, 2020 Just now, teamgreen02 said: Debt has been going up steadily for a long time. As a percentage of GDP it has actually remained relatively flat for a few years. As the economy shrinks and we spend $4 trillion on stimulus we will see GDP/debt spike just like it did in 2008-2010. Eventually it will all come crashing down and interest rates will go through the roof and the US government will need to get serious on cutting spending. Likely we see tax rates go up and economic growth stagnate. When it comes to debt and spending, orange man bad. Not really surprising considering how he has leveraged his businesses over the years. What we are doing now makes 2009 look like child’s play. Debt to gdp has never been higher in the US Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted May 1, 2020 Share Posted May 1, 2020 2 minutes ago, f7ben said: What we are doing now makes 2009 look like child’s play. Debt to gdp has never been higher in the US This graph stops in 2019. Once the official numbers catch up it will look like 2009 or worse. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 1, 2020 Share Posted May 1, 2020 4 minutes ago, teamgreen02 said: This graph stops in 2019. Once the official numbers catch up it will look like 2009 or worse. It will look much much worse. Also this shit takes literally none of the Fed “assets” into account which are fucking toxic and junk Quote Link to comment Share on other sites More sharing options...
1jkw Posted May 1, 2020 Share Posted May 1, 2020 1 hour ago, teamgreen02 said: Debt has been going up steadily for a long time. As a percentage of GDP it has actually remained relatively flat for a few years. As the economy shrinks and we spend $4 trillion on stimulus we will see GDP/debt spike just like it did in 2008-2010. Eventually it will all come crashing down and interest rates will go through the roof and the US government will need to get serious on cutting spending. Likely we see tax rates go up and economic growth stagnate. When it comes to debt and spending, orange man bad. Not really surprising considering how he has leveraged his businesses over the years. The debt prior to the virus was 107.25% that's 3.25% higher than Obama ever had. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 1, 2020 Platinum Contributing Member Share Posted May 1, 2020 WE need to give Harvard university more money. No reason they should have to tap into that billion $ + endowment fund they have. Quote Link to comment Share on other sites More sharing options...
Pete Posted May 1, 2020 Share Posted May 1, 2020 1 minute ago, steve from amherst said: WE need to give Harvard university more money. No reason they should have to tap into that billion $ + endowment fund they have. 40 billion Quote Link to comment Share on other sites More sharing options...
SSFB Posted May 1, 2020 Share Posted May 1, 2020 3 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 1, 2020 Share Posted May 1, 2020 4 hours ago, spin_dry said: But. But. But, the fbi tricked a fired general into lying. https://justthenews.com/government/congress/arizona-rep-andy-biggs-says-national-debt-could-climb-high-30-trillion-end nice attempt at deflection Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 1, 2020 Share Posted May 1, 2020 4 hours ago, Anler said: So Trump is going to outspend 8 years of Obama in 4 years? Im sure republicans are furious about that! i am like I said the main reason I am not even going to go vote this time around . fucking disgusting. still pissed rand did not walk in to work hugging every one he saw 30 days ago Quote Link to comment Share on other sites More sharing options...
spin_dry Posted May 1, 2020 Author Share Posted May 1, 2020 1 minute ago, Ez ryder said: i am like I said the main reason I am not even going to go vote this time around . fucking disgusting. still pissed rand did not walk in to work hugging every one he saw 30 days ago I don’t think I’ll vote. Even the local races are a joke. The whole thing is sickening to me. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 1, 2020 Share Posted May 1, 2020 3 hours ago, 1jkw said: The debt prior to the virus was 107.25% that's 3.25% higher than Obama ever had. not justifying anything . just asking if you know the cost just servicing the Obama debt ? Quote Link to comment Share on other sites More sharing options...
frenchy Posted May 1, 2020 Share Posted May 1, 2020 4 hours ago, Anler said: So Trump is going to outspend 8 years of Obama in 4 years? Im sure republicans are furious about that! NO ONE SAW THIS COMING!!!!!!!!!!!!!!!! derrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr. Tax holiday!!!!!!!!!!!!!!!!!! derrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 1, 2020 Share Posted May 1, 2020 in 2018 we spent 318billion just servicing the debt . Quote Link to comment Share on other sites More sharing options...
1jkw Posted May 1, 2020 Share Posted May 1, 2020 49 minutes ago, Ez ryder said: not justifying anything . just asking if you know the cost just servicing the Obama debt ? I see you posted 318 billion, is that the total debt service or the amount Obama raised? Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 1, 2020 Share Posted May 1, 2020 26 minutes ago, 1jkw said: I see you posted 318 billion, is that the total debt service or the amount Obama raised? cost to service the debt in 18 . ie interest on total debt for 2017 Quote Link to comment Share on other sites More sharing options...
1jkw Posted May 1, 2020 Share Posted May 1, 2020 38 minutes ago, Ez ryder said: cost to service the debt in 18 . ie interest on total debt for 2017 So less than half of that was Obama's, lets compare that to Trumps in 2020 at then end of the fiscal year. Quote Link to comment Share on other sites More sharing options...
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