The Trump Economy

[Doc Brown]

1 hour 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>

Socialist. 

[3rdnlng]

6 minutes ago, Doc Brown said:

Socialist. 

I hope you are being sarcastic.

[keepthefaith]

2 hours ago, plenzmd1 said:

So, let me ask one question, if the economy was the best ever

 

 

I just don't understand how all you so called conservatives are fine with the fact that Trump keeps driving the deficit higher

 

 

 

I'm not fine with it, especially as Trump's priority is pretty clearly re-election rather than what's best for the country fiscally, but most pols in Washington are in the same basket.  The problem with all this artificial stimulus (tax cuts and particularly deficit spending) is that it's addictive.  It's now become a necessity to continue growth when we should in good times be finding ways reduce the annual deficit even at the expense of a little less growth IMO.  At some point this mounting debt will hit the proverbial fan.  Nothing is forever. 

Edited August 21, 2019 by keepthefaith

[Doc Brown]

34 minutes ago, 3rdnlng said:

I hope you are being sarcastic.

Somewhat.  I'm fine with forgiving student loan debt for veterans with disabilities but the taxpayers have to pay for it.  I'm going to assume that some conservatives are worried it's a precursor for student debt being eliminated across the board once a Democratic president gets into office.  

[LB3]

1 hour ago, Doc Brown said:

Somewhat.  I'm fine with forgiving student loan debt for veterans with disabilities but the taxpayers have to pay for it.  I'm going to assume that some conservatives are worried it's a precursor for student debt being eliminated across the board once a Democratic president gets into office.  

Aren't you a Bernie Sanders supporter or am I confusing you with someone else?

[Benjamin Franklin]

2 hours ago, keepthefaith said:

 

I'm not fine with it, especially as Trump's priority is pretty clearly re-election rather than what's best for the country fiscally, but most pols in Washington are in the same basket.  The problem with all this artificial stimulus (tax cuts and particularly deficit spending) is that it's addictive.  It's now become a necessity to continue growth when we should in good times be finding ways reduce the annual deficit even at the expense of a little less growth IMO.  At some point this mounting debt will hit the proverbial fan.  Nothing is forever. 

 

https://www.wsj.com/articles/cbo-boosts-10-year-forecasts-for-budget-deficits-by-809-billion-11566399611?mod=mhp

 

Due to the art of no deal “deal” reached last month “In total, deficits are now expected to rise $809 billion more than the agency [CBO] projected just a few months ago, bringing total deficits over the next decade to $12.2 trillion.”

 

And Trump feels impulsively like lowering taxes receipts more. When things really take a downturn, which they will, these last few years of fiscal irresponsibility will look particularly ugly and those that cheered it short sighted. 

 

 

 

[Doc Brown]

1 hour ago, LBSeeBallLBGetBall said:

Aren't you a Bernie Sanders supporter or am I confusing you with someone else?

Feel the Bern!!!  No.  I voted for Hillary in the primary and general as she was more in line with her husbands politics of having the right blend of pragmatism and ideology.  I knew she was a deeply flawed candidate though.  If you told me 10 years ago that the eccentric guy from the Apprentice who puts his name on his private plane in case he loses it at the airport would become president I would just have assumed he ran against Hillary.

[plenzmd1]

5 minutes ago, Benjamin Franklin said:

 

https://www.wsj.com/articles/cbo-boosts-10-year-forecasts-for-budget-deficits-by-809-billion-11566399611?mod=mhp

 

Due to the art of no deal “deal” reached last month “In total, deficits are now expected to rise $809 billion more than the agency [CBO] projected just a few months ago, bringing total deficits over the next decade to $12.2 trillion.”

 

And Trump feels impulsively like lowering taxes receipts more. When things really take a downturn, which they will, these last few years of fiscal irresponsibility will look particularly ugly and those that cheered it short sighted. 

 

 

 

blasphemy according to all the "conservative" Trump supporters...as i have said since the tax cut..you can accuse Dems of Tax and Spend..but Trump only has the spend part down. 

[keepthefaith]

23 minutes ago, plenzmd1 said:

blasphemy according to all the "conservative" Trump supporters...as i have said since the tax cut..you can accuse Dems of Tax and Spend..but Trump only has the spend part down. 

 

It'll be very interesting to see if Trump campaigns on spending restraint.  He's been pretty critical of our debt and his predecessors roles in that.  If he does campaign on it and wins, then we should expect that he'll try to tackle deficits in a second term but if we get a recession, his presidency will look debt-wise much like Obama's and he'll hand his successor a big bag of *****. 

 

But hey, as long as there is a thirst on the part of investors to fund unlimited U.S. debt, spend away so say "economists". 

Edited August 22, 2019 by keepthefaith

[3rdnlng]

Our biggest issues at present are coming out on top in trade disputes with China and the EU and our stances against Iran and  North Korea. Getting our deficits under control are important but highly unlikely if we don't solve these other issues.

[row_33]

6 hours 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....

 

Go ***** yourself

 

[TtownBillsFan]

4 hours ago, keepthefaith said:

 

I'm not fine with it, especially as Trump's priority is pretty clearly re-election rather than what's best for the country fiscally, but most pols in Washington are in the same basket.  The problem with all this artificial stimulus (tax cuts and particularly deficit spending) is that it's addictive.  It's now become a necessity to continue growth when we should in good times be finding ways reduce the annual deficit even at the expense of a little less growth IMO.  At some point this mounting debt will hit the proverbial fan.  Nothing is forever. 

I'd rather reward people that have given, literally, their life/limbs in service to the country, than to reward sitting-on-arse, lazy turds.  Cut "entitlement" spending across the board, but rewarding those that have truly given in the defense of the country, I'll always be 100% in favor of that, regardless the cost.

 

And I'm conservative as they come, and I hate deficit spending.  But I'll back up what I'm saying.  I'm 100% fine with means-testing our 'social safety net';  including what I've paid in for my entire life in the way of SS benefits.  That's what it's going to take to balance that budget; means-testing, and a further increase in the age benefits begin.

 

I don't have kids, but it's going to be on the next generation to pay all this crap back until someone with some sense has the balls to do what's needed (and hopefully a 2nd term Trump will do so, if he can get enough Congresscritters to go along with it, which the likelihood is probably at or near 0.)  But until we get the "entitlements" in check, we're never going to get out of deficit spending.  I'll take my bitter pill to see it done (extend recipient age, means-test, etc.)  Anyone else willing?

Edited August 22, 2019 by TtownBillsFan
to make it clear my non-existent kids aren't going to pay back the deficit, lol :P

[Kevbeau]

Ehhh...no kids either but not down with means testing. However....I’m willing to let the govt keep the money they’ve confiscated from myself and my employer (without return)... if they stop taking SS pout of my paycheck (and charging my employer) hence forth. 

 

Edit: mid 40s and between my employers and I the govt has taken at least 150k plus  

Edited August 22, 2019 by Kevbeau

[Benjamin Franklin]

https://www.wsj.com/articles/options-dwindle-to-boost-u-s-economic-growth-11566431581?mod=mhp

 

“After debating for days whether the U.S. is going into an economic downturn, Washington policy makers and Wall Street investors on Wednesday barreled into an even more difficult problem: There are few good options to deal with one if it happens.

With short-term interest rates already low, the Federal Reserve has little room to cut borrowing costs to spur spending and investment as it usually does in a slowdown. Meantime, the federal debt is exploding, which could hamstring any efforts to boost growth with tax cuts or spending increases.”

[TH3]

Huh...monthly job growth under Trump....181,000.....monthly job growth under 75 months of BO expansion leading up to DT......199,000

 

Debt when BO left office....Debt now.....Oh wait.....these are facts........you guys are probably already confused and perplexed.... 

 

11 hours ago, row_33 said:

 

Go ***** yourself

 

Truth hurts

Edited August 22, 2019 by TH3

[plenzmd1]

On 8/20/2019 at 7:10 PM, 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.



 

@Buffalo_Gal, I have not read this report, but thought you may be interested in their early findings.  Madeline is a good HR tech analyst and she is not as easily bought as Garner, Averbrook, and Bersin etc by HR Tech companies..so her research i tend to trust more than the big guys in this space. Will update 

 

 

[Benjamin Franklin]

56 minutes ago, TH3 said:

 

 

Truth hurts

 

Misogynist. 

[row_33]

i'm an optimist but it can't go on expanding past these levels without a "correction" or two

 

eventually the big boys want to cash in on their Wall Street gains, leaving only union pensions holding the bag, but they are government indexed against loss... 

 

 

 

[GG]

2 hours ago, TH3 said:

Huh...monthly job growth under Trump....181,000.....monthly job growth under 75 months of BO expansion leading up to DT......199,000

 

Debt when BO left office....Debt now.....Oh wait.....these are facts........you guys are probably already confused and perplexed.... 

 

Truth hurts

 

Data without context is just a collection of numbers.

 

Tell me which hat you wore for each Summer of Recovery?™️©️

[row_33]

17 minutes ago, GG said:

 

Data without context is just a collection of numbers.

 

Tell me which hat you wore for each Summer of Recovery?™️©️

 

context context context