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We appreciate your help
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08-01-2018, 09:46 AM
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Senior Member
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Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,049
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It's not about 'facts", it's about controlling the narrative. Always has been with liars.
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I'll believe corporations are people when Texas executes one.
Last edited by Pio1980; 08-01-2018 at 09:50 AM.
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08-01-2018, 05:31 PM
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Ready
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Join Date: Oct 2013
Posts: 19,122
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^^^ Exactly right! Good point!
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If you Love Liberty, you must Hate Trump!
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08-02-2018, 11:00 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Interesting that a company with a gay CEO, which imports virtually all the hardware it sells from China, and employs thousands of immigrants, is the first to reach a market value of $1T. Repubes and their hateful Evangelical and White Supremacy membership must be just livid.
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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08-03-2018, 08:17 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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The Trump administration is headed for a gigantic debt headache
Debt levels are piling up in the government, pushing borrowing costs higher.
The Treasury Department announced Wednesday that it will be increasing the size of its auctions to help pay for burgeoning budget deficits.
While the Trump administration has said that economic growth would make up for shortfalls from tax cuts and spending increases, the early results do not bear that out.
https://www.cnbc.com/2018/08/02/the-...-headache.html
So, who will they blame after they destroy the economy? Hillary? The “Deep State”? You’re as dumb as Whell if you think this will end well.
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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08-03-2018, 08:23 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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Quote:
Originally Posted by Chicks
The Trump administration is headed for a gigantic debt headache...
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"Booming economic growth has not been sufficient to lower the budget deficit — in fact, the deficit and Treasury borrowing are headed sharply higher, and virtually no one in Washington seems to care," Greg Valliere, chief global strategist at Horizon Investments, said in his daily note Thursday.
Indeed, the Congressional Budget Office projects the deficit to be just a shade under $1 trillion in 2019 and then pass that level in 2020 and eclipse $1.5 trillion by 2028. The cost to finance all that debt has continued to grow, hitting $458 billion in fiscal 2017 and already at $415 billion in 2018 with three months left in the fiscal year.
Revenue receipts, meanwhile, are lagging.
Tax and withholding payments from individuals and corporations have come in at $1.752 trillion in calendar 2018, about $17 billion below the same point in 2017, a difference of about 1 percent, according to DataTrek Research. That's also below the 0.2 percent gain in revenue the government had projected.
To anyone with a shred of economics knowledge (this leaves out Whell, of course), this was entirely predictable and predicted.
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As long as the roots are not severed, all will be well in the garden.
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08-03-2018, 10:58 AM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,151
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USD is moving up due to the Fed borrowing and that will impact cost of US goods and trade. Of course these future disasters will not make headlines but one stupid tweeet from the Dotard will consume an entire news cycle. A recession looms in our horizon.
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White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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08-03-2018, 01:14 PM
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Ready
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Join Date: Oct 2013
Posts: 19,122
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Quote:
Originally Posted by Rajoo
USD is moving up due to the Fed borrowing and that will impact cost of US goods and trade. Of course these future disasters will not make headlines but one stupid tweeet from the Dotard will consume an entire news cycle. A recession looms in our horizon.
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I predict stagflation, especially if war with Iran results in long-term closure of the Straights of Hormuz. Said straights will remain closed, of course, as long as there's anyone able to pop up on the Iranian coast with an anti-ship missile and the will to fire it at a tanker.
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If you Love Liberty, you must Hate Trump!
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08-08-2018, 07:35 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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As long as the roots are not severed, all will be well in the garden.
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08-08-2018, 07:36 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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__________________
As long as the roots are not severed, all will be well in the garden.
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08-08-2018, 10:18 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Trump makes bizarre claim that tariffs will help pay down the massive U.S. debt
http://www.chicagotribune.com/busine...806-story.html
Trump tweeted Sunday morning that his tariffs are "working big time" and made a bizarre claim that the money raised from these new import taxes will go a long way to helping pay down America's large debt. (Short answer: That's not what will happen).
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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