Tommy Callahan Posted January 8 Posted January 8 Record revenue while the deficit is at record highs.
BillStime Posted January 8 Author Posted January 8 12 minutes ago, Tommy Callahan said: Record revenue while the deficit is at record highs. Thanks Trump! We could REALLY afford those tax cuts, eh? lmao - f'n idiots. 1
BillStime Posted January 9 Author Posted January 9 Biden’s economy is KILLING Trump. America first, of course.
K D Posted January 9 Posted January 9 1 hour ago, BillStime said: Biden’s economy is KILLING Trump. America first, of course. No he's saying there will be a crash, not that he wants one. He's hoping it's before the election so everyone can see if you fund foreign wars and print fake money to pay for socialism then the economy will tank. I'm not sure where you guys think this money comes from to pay for this stuff. They aren't taxing the rich I can tell you that. They are the rich, they aren't going to tax themselves. I own businesses and there's so many loopholes to allow us to not pay fair taxes it's ridiculous. So then where does the money come from? The answer is nowhere. It's all fake dollar bills backed by nothing so when they print more and more then it becomes worth less and less. It's pretty simple. Everyone wants more money but if everyone has more money and everything costs more then how are you any farther ahead than you were? It's lunacy 1
Tiberius Posted January 9 Posted January 9 1 minute ago, Gregg said: So no anything, just a stupid laugh? How about some facts? Like that low unemployment rate? 1
Tommy Callahan Posted January 9 Posted January 9 The "this economy is amazing" folks going to keep chanting that as the bubbles pop and ***** gets cheaper.
Precision Posted January 9 Posted January 9 11 minutes ago, Tiberius said: So no anything, just a stupid laugh? How about some facts? Like that low unemployment rate? The low unemployment rate is due to deficit spending and the 600,000 government jobs added in 2023. You continually fail to comprehend that when the government spends money, that money goes places. It goes to the public and private sectors which creates demand for goods and services resulting in jobs. When the jobs are created through deficit spending, they are unsustainable as many will only remain while the spending continues. This is problematic for the people who hold these jobs and the rest of those employed as well. Eventually the debt incurred by the deficit spending will need to be repaid. The payback (which is the debt AND interest accrued) will force the federal government to reduce spending and increase taxes. This will have a dramatic impact on the economy as less money will lead to decreased demand for goods, services and employment. The unsustainable jobs will be the first to go followed by good, sustainable positions that were in once healthy industries. In addition to the economic cost, the cuts to social programs (SNAP, WIC, Social Security, Medicare, etc.) will be large enough to impact the fabric of the nation. A good example of what this looks like is to read about the austerity measures that were implemented in Europe. I don't know why I go to the trouble of replying as I expect another juvenile response. 2 1
Tiberius Posted January 9 Posted January 9 6 minutes ago, Precision said: The low unemployment rate is due to deficit spending and the 600,000 government jobs added in 2023. You continually fail to comprehend that when the government spends money, that money goes places. It goes to the public and private sectors which creates demand for goods and services resulting in jobs. When the jobs are created through deficit spending, they are unsustainable as many will only remain while the spending continues. This is problematic for the people who hold these jobs and the rest of those employed as well. Eventually the debt incurred by the deficit spending will need to be repaid. The payback (which is the debt AND interest accrued) will force the federal government to reduce spending and increase taxes. This will have a dramatic impact on the economy as less money will lead to decreased demand for goods, services and employment. The unsustainable jobs will be the first to go followed by good, sustainable positions that were in once healthy industries. In addition to the economic cost, the cuts to social programs (SNAP, WIC, Social Security, Medicare, etc.) will be large enough to impact the fabric of the nation. A good example of what this looks like is to read about the austerity measures that were implemented in Europe. I don't know why I go to the trouble of replying as I expect another juvenile response. Just stupid. What president hasn't had deficit spending? 1
Tommy Callahan Posted January 9 Posted January 9 (edited) Here is a link to basic DEBT to GDP ratio, deficit spending over the years. its really basic so it shouldn't be that hard. https://www.thebalancemoney.com/us-deficit-by-year-3306306 Here is the good old debt to GDP ratio. the old line in the sand was 100% The current rate of 120+% is unattainable. https://fred.stlouisfed.org/series/gfdegdq188S Notice how long it was sub-60. then went to 100% then jumped to over 120% Edited January 9 by Tommy Callahan 1
Precision Posted January 9 Posted January 9 1 hour ago, Tiberius said: Just stupid. What president hasn't had deficit spending? Clinton had 4 consecutive years of surpluses from 1998 to 2001 you dimwit. Do you want me to list more to further embarrass you? 2
Doc Posted January 15 Posted January 15 8 hours ago, BillsFanNC said: The Biden Boom! From the same thread: 1
OrangeBills Posted January 15 Posted January 15 On 1/9/2024 at 9:04 AM, Tiberius said: So no anything, just a stupid laugh? How about some facts? Like that low unemployment rate? There are dumb people in the world
K D Posted January 15 Posted January 15 Biden: here is infinity dollars Market: bread costs 2 infinity dollars Media: Biden increased wages to infinity! 1
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