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Old September 12, 2018, 21:24   #1
juanni
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Federal deficit soars 32 percent to $895B

I know deficits and spending don't matter anymore since we got our man in.

The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

http://thehill.com/policy/finance/40...ercent-to-895b

Highlighted for Martin that thinks record tax revenues = decreased deficits.
They don't when you increase spending 7 times the increase in revenue.




...............juanni
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Old September 13, 2018, 06:24   #2
martin35
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Quote:
Originally Posted by juanni View Post
I know deficits and spending don't matter anymore since we got our man in.

The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

http://thehill.com/policy/finance/40...ercent-to-895b

Highlighted for Martin that thinks record tax revenues = decreased deficits.
They don't when you increase spending 7 times the increase in revenue.




...............juanni
I was wondering about that,,, when will we get the revised CBO report?
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Old September 14, 2018, 12:40   #3
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The tax cuts are just taking effect and already revenues are up.

The expanding economy that Obama claims responsibility for, and the crushing of the 3rd world's manufacturing ongoing capacity, will bring even back more jobs.

China will sink back to Russian economic levels. They steal all technology anyway, as Obama let them, so let them self implode due to Trump's works.

We will buy our way out of the Muslim Obama's attack upon our country. He gave 10 billion to domestic shitheads in the form of food stamps, and with his simultaneous plan for the destruction of American Jobs, the resulting shortfalls in tax revenue were predictable.

The former slaves got most of that ten trillion and want more; send more drugs and guns into the ghettos.
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Old September 14, 2018, 13:14   #4
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I think it is absolutely foolish to be concerned about deficits when printing off a couple of greenbacks and the problem goes away.
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Old September 14, 2018, 13:58   #5
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I'm thinkin' we need to rob some countries social security program as a temporary supplemental. What could go wrong?
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Old September 14, 2018, 14:33   #6
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Quote:
Originally Posted by juanni View Post
I know deficits and spending don't matter anymore since we got our man in.

The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

http://thehill.com/policy/finance/40...ercent-to-895b

Highlighted for Martin that thinks record tax revenues = decreased deficits.
They don't when you increase spending 7 times the increase in revenue.




...............juanni
You DO know that Montana ranks #4 in terms of receiving more federal dollars than they put in, right? You're even ahead of Kentucky, and that's saying something friend ... it would appear thou doth protest a bit too much there.
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Old September 14, 2018, 18:01   #7
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You DO know that Montana ranks #4 in terms of receiving more federal dollars than they put in, right? You're even ahead of Kentucky, and that's saying something friend ... it would appear thou doth protest a bit too much there.
Well Bubbs unlike you I never voted for any of these big spending congress welfare/warfare critters no matter what state I resided in.

So take a bow.




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Old September 14, 2018, 18:09   #8
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Dissolve the fed and start again!
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Old September 14, 2018, 18:20   #9
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Record revenues. Bureaucrats and politicians living high on my hog
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Old September 14, 2018, 18:44   #10
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Dissolve the fed and start again!
That's the plan. Has been since Day 1.
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Old September 14, 2018, 18:47   #11
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Originally Posted by juanni View Post
Well Bubbs unlike you I never voted for any of these big spending congress welfare/warfare critters no matter what state I resided in.

So take a bow.




.............juanni
Doubtful but in any case you sure ain't above raking it in. Your little armpit in the middle of nowhere would probably not even be reachable without heavily subsidised roads & power. Not to mention land management, fire breaks etc etc. Then there's the whole 'chasing off the natives' thing that was done at Federal expense not so long ago. Nope, seems to me you're just fine with it regardless about how you claim to have voted.
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Old September 14, 2018, 19:47   #12
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You DO know that Montana ranks #4 in terms of receiving more federal dollars than they put in, right? You're even ahead of Kentucky, and that's saying something friend ... it would appear thou doth protest a bit too much there.
I'm not coming to Whineys defense here, but the whole "Republican welfare states" thing is left wing bullshit. Montana has a population of only 1 million but houses all of our stragtegic missile forces and a good portion of our nuke bombers. Of course they are going to receive more in federal dollars than they contribute. That doesnt make them "welfare" cases.
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Old September 14, 2018, 20:11   #13
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Originally Posted by bubbagump View Post
Doubtful but in any case you sure ain't above raking it in. Your little armpit in the middle of nowhere would probably not even be reachable without heavily subsidised roads & power. Not to mention land management, fire breaks etc etc. Then there's the whole 'chasing off the natives' thing that was done at Federal expense not so long ago. Nope, seems to me you're just fine with it regardless about how you claim to have voted.
Thanks for quoting the forum troll there. Does it or does it not appear from jís own admission that he only votes for losers?
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Old September 14, 2018, 21:31   #14
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Originally Posted by okiefarmer View Post
Thanks for quoting the forum troll there. Does it or does it not appear from jís own admission that he only votes for losers?
I vote for small govt candidates, you vote for big spenders.
We are $21 trillion in debt, so do you feel like a winner?



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Old September 14, 2018, 21:36   #15
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Originally Posted by bubbagump View Post
Doubtful but in any case you sure ain't above raking it in. Your little armpit in the middle of nowhere would probably not even be reachable without heavily subsidised roads & power. Not to mention land management, fire breaks etc etc. Then there's the whole 'chasing off the natives' thing that was done at Federal expense not so long ago. Nope, seems to me you're just fine with it regardless about how you claim to have voted.
I am about as responsible for federal spending and what Montana receives as you are for Georgia having a 28% obesity rate.



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Old September 16, 2018, 03:54   #16
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Originally Posted by Impala_Guy View Post
I'm not coming to Whineys defense here, but the whole "Republican welfare states" thing is left wing bullshit. Montana has a population of only 1 million but houses all of our stragtegic missile forces and a good portion of our nuke bombers. Of course they are going to receive more in federal dollars than they contribute. That doesnt make them "welfare" cases.
Granted. Just seeing if the old 'fight fire with fire' thing applies to stupid too. You noticed but he didn't, good on ya. Still not sure it works though .
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Old September 17, 2018, 00:00   #17
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We have a problem in 2 months. The Dems, Media, and Hollywood are working hard to take it all back and shut it all down.
Hell, they might just win here in Texas. Thereís Beto signs all over the bloody place.
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Old Yesterday, 00:37   #18
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I think it is absolutely foolish to be concerned about deficits when printing off a couple of greenbacks and the problem goes away.
Probably gonna take bluebacks....
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Old Yesterday, 08:51   #19
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That's the plan. Has been since Day 1.
You privy to a secret plan?
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Old Yesterday, 15:50   #20
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The Republicans have really shown their true colors in financing since they took power.

Tax Cuts are great, Tax Revenue goes up as is expected, but that doesn't mean you Effing SPEND MORE.

The GOP claim on fiscal responsibility is garbage.
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Old Yesterday, 19:09   #21
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....

The GOP claim on fiscal responsibility is garbage.
Calvin Coolidge was considered fiscally responsible but he became president almost a hundred years ago. In more recent times the democrats and republicans seem to be in an economic race to the bottom.
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Old Today, 12:33   #22
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Calvin Coolidge was considered fiscally responsible but he became president almost a hundred years ago. In more recent times the democrats and republicans seem to be in an economic race to the bottom.
Agreed.
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Old Today, 13:09   #23
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You privy to a secret plan?
Ain't nothing really secret about it. Just covered up with obscurity. But anyone who understands the concepts and can do high school math (well, ok what used to pass for high school math) knows that there is only one way this can end given that politicians will invariably expand the overhead at a faster rate than the larger US economy.

If they could limit monetary expansion to the same number as the expansion of the larger economy they could achieve price stability at least in theory, and this was the canard that was used to sell FRS back in the day from what I understand. But this they can't do and there's nothing to make them. So plan B it is, debase the currency until the marks won't use it anymore and then reset with another edition.

To be honest it really doesn't matter like ya think it might if you hold hard assets. But if you're in things like government securities, bonds etc, or if you are the sort of person who likes to keep a lot of cash around you might find this more distressing. The real danger in my view is what can happen to the economy if and when there's a real run on the dollar. If there ain't any viable money around then the money quits moving, and when that happens production of goods and services grinds to a halt. At which point it doesn't matter what you have to trade, there ain't nothing to trade for.
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