GG Posted August 21, 2019 Author Posted August 21, 2019 5 minutes ago, TPS said: It's not compelling for people who think the government must borrow before it can spend. Governments that control and issue their own currency stimulate greater wealth creation by the private sector when they spend more than they tax in any given year (aka deficit spending). You keep missing the main point. Private enterprise will function no matter what the central planners command, no matter what the national currency dictates. Why do you think the black markets are more pervasive in socialist/closed economies? You just scoffed off the notion that government spending doesn't have the same effect on wealth creation as the government stepping out of the way, but you keep coming back to it as if it's interchangeable.
TPS Posted August 21, 2019 Posted August 21, 2019 12 minutes ago, GG said: You keep missing the main point. Private enterprise will function no matter what the central planners command, no matter what the national currency dictates. Why do you think the black markets are more pervasive in socialist/closed economies? You just scoffed off the notion that government spending doesn't have the same effect on wealth creation as the government stepping out of the way, but you keep coming back to it as if it's interchangeable. Oh, I recognize tax cuts and spending increases have different impacts--all corps will be affected by a change in the tax rate, but not all will be affected by spending increases. My point, all along, has been that deficits in general stimulate private sector wealth creation, a point you finally agree on.
Tiberius Posted August 21, 2019 Posted August 21, 2019 NPR U.K. Economy Shrinks, Taking A Step Toward Recession For First ... The U.K. economy contracted by 0.2% in the most recent quarter, feeding fears of a recession as the country approaches a deadline to exit from ... 2 weeks ago global trade is slowing. Tariff wars have consequences
B-Man Posted August 21, 2019 Posted August 21, 2019 A ‘recession dashboard’ from Credit Suisse indicates the economy is nowhere near a recession. . 1
Tiberius Posted August 21, 2019 Posted August 21, 2019 U.S. deficit to expand by about $800 billion more than previously expected over 10 years, CBO says A two-year budget deal struck between lawmakers and the White House will help push the nation into levels of debt unseen since the end of World War II, the Congressional Budget Office said. By Jeff Stein 1 hour ago
bbb Posted August 21, 2019 Posted August 21, 2019 1 hour ago, B-Man said: A ‘recession dashboard’ from Credit Suisse indicates the economy is nowhere near a recession. . What?!? Twitter was celebrating that we were IN a recession last week! 1
row_33 Posted August 21, 2019 Posted August 21, 2019 17 minutes ago, bbb said: What?!? Twitter was celebrating that we were IN a recession last week! the DOW dropped 800 points in a day out of the 7,000 it's gained since Trump took over a fact with absolutely ZERO CONTEXT or thought put into it. BIGGEST DROP EVER!!!!!! PANIC IN THE STREETS OF LONDON, BIRMINGHAM AND HUMBERSIDE!!!!! 1
Koko78 Posted August 21, 2019 Posted August 21, 2019 3 hours ago, B-Man said: A ‘recession dashboard’ from Credit Suisse indicates the economy is nowhere near a recession. You know that's not going to dissuade the media from trying to manufacture one...
TH3 Posted August 21, 2019 Posted August 21, 2019 21 hours ago, Buffalo_Gal said: Repealing the ObamaCare tax alone was worth something to people (I say this as part of the first group that was ***** over on ObamaCare). I'd love to know real numbers on how many people are now working one 40 hour work week versus two below 32 hours work weeks when ObamaCare came about. What is better? This is just snap. You should not talk on matters of the economy....your being brainwashed or ignorant or some combination of the both is way too evident..... You do much better in these forums when you do not venture out on your own but rather simply parrot what you think the regulars are going to like....
plenzmd1 Posted August 21, 2019 Posted August 21, 2019 (edited) 21 minutes ago, Koko78 said: You know that's not going to dissuade the media from trying to manufacture one... So, let me ask one question, if the economy was the best ever why would he be thinking about further tax cuts for corporations, payroll tax cuts, bigger freaking deficits, and his key advisers warning about a short and quick recession. https://www.politico.com/story/2019/08/20/donald-trump-gop-donors-recession-1470360?nname=playbook&nid=0000014f-1646-d88f-a1cf-5f46b7bd0000&nrid=0000015d-ccf3-de22-abdf-eff70b570000&nlid=630318 I just don't understand how all you so called conservatives are fine with the fact that Trump keeps driving the deficit higher while the economy chugs along at the same pace as it was pre Trump( less if you take out increased government spending)..but y'all will not address that point, you will just say "media wants this story" and fail to address the numbers..cause ya know the BLS and the CBO and every other government agency reporting numbers are all part of the fake news too!!!! Edited August 21, 2019 by plenzmd1
Buffalo_Gal Posted August 21, 2019 Posted August 21, 2019 6 minutes ago, TH3 said: You should not talk on matters of the economy....your being brainwashed or ignorant or some combination of the both is way too evident..... You do much better in these forums when you do not venture out on your own but rather simply parrot what you think the regulars are going to like.... Sure thing, toots. I'll take your opinion into consideration.? 1 1
3rdnlng Posted August 21, 2019 Posted August 21, 2019 9 minutes ago, TH3 said: You should not talk on matters of the economy....your being brainwashed or ignorant or some combination of the both is way too evident..... You do much better in these forums when you do not venture out on your own but rather simply parrot what you think the regulars are going to like.... That's rather misogynistic of you. BTW, learn the difference between your and you're. 3 minutes ago, plenzmd1 said: So, let me ask one question, if the economy was the best ever why would he be thinking about further tax cuts for corporations, payroll tax cuts, bigger freaking deficits, and his key advisers warning about a short and quick recession. https://www.politico.com/story/2019/08/20/donald-trump-gop-donors-recession-1470360?nname=playbook&nid=0000014f-1646-d88f-a1cf-5f46b7bd0000&nrid=0000015d-ccf3-de22-abdf-eff70b570000&nlid=630318 I just don't understand how all you so called conservatives are fine with the fact that Trump keeps driving the deficit higher while the economy chugs along at the same pace as it was pre Trump( less if you take out increased government spending)..but y'all will not address that point, you will just say "media wants this story" and fail to address the numbers..cause ya know the BLS and the CBO and every other government agency reporting numbers are all part of the fake news too!!!! Think worldwide economy. 1
TPS Posted August 21, 2019 Posted August 21, 2019 3 minutes ago, plenzmd1 said: So, let me ask one question, if the economy was the best ever why would he be thinking about further tax cuts for corporations, payroll tax cuts, bigger freaking deficits, and his key advisers warning about a short and quick recession. https://www.politico.com/story/2019/08/20/donald-trump-gop-donors-recession-1470360?nname=playbook&nid=0000014f-1646-d88f-a1cf-5f46b7bd0000&nrid=0000015d-ccf3-de22-abdf-eff70b570000&nlid=630318 I just don't understand how all you so called conservatives are fine with the fact that Trump keeps driving the deficit higher while the economy chugs along at the same pace as it was pre Trump( less if you take out increased government spending)..but y'all will not address that point, you will just say "media wants this story" and fail to address the numbers..cause ya know the BLS and the CBO and every other government agency reporting numbers are all part of the fake news too!!!! Religion can be a dangerous thing....
plenzmd1 Posted August 21, 2019 Posted August 21, 2019 2 minutes ago, 3rdnlng said: That's rather misogynistic of you. BTW, learn the difference between your and you're. Think worldwide economy. Why is the first post misogynistic? I dont agree with the post, but find it in no way misogynistic. What about the worldwide economy?
3rdnlng Posted August 21, 2019 Posted August 21, 2019 3 minutes ago, plenzmd1 said: Why is the first post misogynistic? I dont agree with the post, but find it in no way misogynistic. What about the worldwide economy? TH3 is certainly talking down to BG. How is the rest of the world's economy going? What are their interest rates like? If ours are higher what will that do to our economy? 1 1
Buffalo_Gal Posted August 21, 2019 Posted August 21, 2019 7 minutes ago, plenzmd1 said: Why is the first post misogynistic? I dont agree with the post, but find it in no way misogynistic. What about the worldwide economy? It was, but it doesn't really matter to me. I consider the source and move on. ?
plenzmd1 Posted August 21, 2019 Posted August 21, 2019 5 minutes ago, Buffalo_Gal said: It was, but it doesn't really matter to me. I consider the source and move on. ? interesting, why do you feel that way? I am truly trying to learn why i did not, and not being snarky
Buffalo_Gal Posted August 21, 2019 Posted August 21, 2019 No veteran thread? I guess I will put it here: Executive Order: President Trump Cancels Student Loan Debt for Disabled Veterans President Trump signed an executive order on Wednesday that forgives all student loan debt for any permanently disabled U.S. military veterans. The order, which Trump signed following a speech at the American Veterans National Convention in Louisville, Ky., also clears those eligible veterans from having to pay any federal income tax on the loans. Trump added that he is pressuring individual states to follow suit. </snip> 1 2 1
OldTimeAFLGuy Posted August 21, 2019 Posted August 21, 2019 54 minutes ago, Buffalo_Gal said: Sure thing, toots. I'll take your opinion into consideration.? ...maybe hubby will fight your economy battles....on second thought....naw.......ain't happenin'.. 1
plenzmd1 Posted August 21, 2019 Posted August 21, 2019 30 minutes ago, Buffalo_Gal said: No veteran thread? I guess I will put it here: Executive Order: President Trump Cancels Student Loan Debt for Disabled Veterans President Trump signed an executive order on Wednesday that forgives all student loan debt for any permanently disabled U.S. military veterans. The order, which Trump signed following a speech at the American Veterans National Convention in Louisville, Ky., also clears those eligible veterans from having to pay any federal income tax on the loans. Trump added that he is pressuring individual states to follow suit. </snip> this is awesome 1
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