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More evidence economy is strong
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NeverTrustAMidget



Joined: 06 Oct 2007
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PostPosted: Thu Sep 27, 2018 7:37 pm    Post subject: More evidence economy is strong Reply with quote

Fed is expected to raise interest rates again, a sign that the economy is strong and the fed fears if it continues at same rate inflation could occur.

This is the 3rd increase in rates THIS YEAR compared to 1 increase the entire 8 years of Obama.

More proof that Trump policies have strengthen the economy.
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Porkchop



Joined: 14 Oct 2005
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Location: Hot Springs

PostPosted: Fri Sep 28, 2018 12:10 am    Post subject: Re: More evidence economy is strong Reply with quote

NeverTrustAMidget wrote:
Fed is expected to raise interest rates again, a sign that the economy is strong and the fed fears if it continues at same rate inflation could occur.

This is the 3rd increase in rates THIS YEAR compared to 1 increase the entire 8 years of Obama.

More proof that Trump policies have strengthen the economy.

Thank you Obama for restarting the economy and thank you candidate-in-chief for not screwing it up.............................yet! Crying or Very sad
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PsychoTrack



Joined: 26 Apr 2009
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PostPosted: Fri Sep 28, 2018 3:13 am    Post subject: Reply with quote

The lil' dondon said just today that he was not happy at all with the rise of interest rates from the Feds. They are HIS handpicked people. This isn't the first time that his minions have disappointed him. And it won't be the last. It's more than apparent that he has absolutely no clues as to how our government operates.

And the investigations continue. And they have nothing to do with any "witch hunt."
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JamieHall



Joined: 11 Dec 2005
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PostPosted: Fri Sep 28, 2018 7:16 am    Post subject: Reply with quote

At this point nobody doubts the strength of the economy. The numbers don't lie. That's why we've had 90-something straight months of job growth that began during the last administration.

It remains to be seen what Donald's trade war does to the economy, because there's no indication China is backing down.
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PsychoTrack



Joined: 26 Apr 2009
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PostPosted: Thu Oct 04, 2018 5:05 am    Post subject: Reply with quote

China will not back down no matter what the u.i. ignorantly decides to do. And none of the rest of our trading partners will either. The backroom deals are being struck as we speak here. Although lil' donnie likes to claim his victimhood on anything and everything outside his limited understanding of everything the USA will survive. He may disastrously upset our trading efforts for now we will someday recover and genuinely return to being a great nation.

And the investigations continue,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
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NeverTrustAMidget



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PostPosted: Thu Oct 04, 2018 2:57 pm    Post subject: Reply with quote

PsychoTrack wrote:
The lil' dondon said just today that he was not happy at all with the rise of interest rates from the Feds. They are HIS handpicked people. This isn't the first time that his minions have disappointed him. And it won't be the last. It's more than apparent that he has absolutely no clues as to how our government operates.

And the investigations continue. And they have nothing to do with any "witch hunt."


Once again PT open mouth without engaging brain. There are currently 4 sitting Board of Governors and Trump appointed ONLY 2 of them. Other two appointed by Obama
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NeverTrustAMidget



Joined: 06 Oct 2007
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PostPosted: Thu Oct 04, 2018 2:58 pm    Post subject: Reply with quote

JamieHall wrote:
At this point nobody doubts the strength of the economy. The numbers don't lie. That's why we've had 90-something straight months of job growth that began during the last administration.

It remains to be seen what Donald's trade war does to the economy, because there's no indication China is backing down.


4th quarter of 2015 saw a NEGATIVE GDP.

And China did lower tariffs on textiles and machinery just this past week.

Do you two just repeat talking points with actually checking anything out???????????


The facts are that the Fed has felt a need to increase interest rates three times this year to stay off inflation in the booming economy.

Do you know how many times they raised interest rates during the 8 years of Obama? 1 time in 8 years.
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tilley88



Joined: 02 Jun 2015
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PostPosted: Thu Oct 04, 2018 6:17 pm    Post subject: Reply with quote

NeverTrustAMidget wrote:
JamieHall wrote:
At this point nobody doubts the strength of the economy. The numbers don't lie. That's why we've had 90-something straight months of job growth that began during the last administration.

It remains to be seen what Donald's trade war does to the economy, because there's no indication China is backing down.


4th quarter of 2015 saw a NEGATIVE GDP.

And China did lower tariffs on textiles and machinery just this past week.

Do you two just repeat talking points with actually checking anything out???????????


The facts are that the Fed has felt a need to increase interest rates three times this year to stay off inflation in the booming economy.

Do you know how many times they raised interest rates during the 8 years of Obama? 1 time in 8 years.


Only 1 time in 8 years? Hmmm........sounds like his economy was on fire, lol.
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PV=nRT



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PostPosted: Thu Oct 04, 2018 6:34 pm    Post subject: Reply with quote

NeverTrustAMidget wrote:
JamieHall wrote:
At this point nobody doubts the strength of the economy. The numbers don't lie. That's why we've had 90-something straight months of job growth that began during the last administration.

It remains to be seen what Donald's trade war does to the economy, because there's no indication China is backing down.


4th quarter of 2015 saw a NEGATIVE GDP.

And China did lower tariffs on textiles and machinery just this past week.

Do you two just repeat talking points with actually checking anything out???????????


The facts are that the Fed has felt a need to increase interest rates three times this year to stay off inflation in the booming economy.

Do you know how many times they raised interest rates during the 8 years of Obama? 1 time in 8 years.


So tell me, is the "business man" going to get this deficit turned around or is it going to continue right on past 1 trillion? Asking for the grand kids.
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PsychoTrack



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PostPosted: Fri Oct 12, 2018 3:21 am    Post subject: Reply with quote

The issue is NOT whether or not the economy is growing or stronger. The real issue is when it began to grow post the depression of 2007 and 2008. Clearly the economy reversed it's downward trend almost immediately after the implementation of the Economic Recovery Act of 2009. 90+ months in a row of economic growth cannot be ignored. You can argue with yourself about who was the responsible leader for that miraculous recovery. It was forecast from the gwb administration to be a depression much deeper than the Great Depression of 1929 and that there were NO options available to prevent it. That was their best thinking at that time. I am thankful for the recovery and my own thinking about it began as soon as that piece of Keynesian Theory economics was interjected into the recovery efforts. Miraculous would be an understatement.

Still, we have millions of Americans that simply refuse to accept the numbers and the truth about all of that. Most, if not ALL of them also refuse to believe that this nation duly and by large numbers elected a "black" President and then by large numbers re-elected him.

I was born and raised in Memphis, Tennessee. Of course I grew up with the prevailing attitudes of the population in which I resided. I often, even as a child, wondered what was meant by the old adage of "The South Shall Rise Again." Ponder a moment on what you might understand about that statement. At this stage of my life I can see nothing good from those that seem to adhere to that particular ideology. I used to ask those that indicated some attachment to that adage what they meant by it. Nowadays I wish that I hadn't asked about it or heard their answers. Chilling to me.

Sorry for the digression. It has been on my mind for a while now.

And the investigations continue,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
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JamieHall



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PostPosted: Tue Oct 16, 2018 7:42 am    Post subject: Reply with quote

Deficit update announced Monday. Where's the outrage over massive deficit spending?


WASHINGTON ó The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trumpís tax cuts caused the government to borrow more heavily in order to cover its spending.

The Treasury Department said Monday that the deficit climbed $113 billion from fiscal 2017. Debt will likely worsen in the coming years with the Trump administration expecting the deficit to top $1 trillion in 2019, nearly matching the $1.1 trillion imbalance from 2012.



https://www.pbs.org/newshour/economy/federal-budget-deficit-surges-to-highest-level-in-6-years-at-779-billion
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PV=nRT



Joined: 14 Jun 2012
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PostPosted: Tue Oct 16, 2018 8:02 am    Post subject: Reply with quote

JamieHall wrote:
Deficit update announced Monday. Where's the outrage over massive deficit spending?


WASHINGTON ó The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trumpís tax cuts caused the government to borrow more heavily in order to cover its spending.

The Treasury Department said Monday that the deficit climbed $113 billion from fiscal 2017. Debt will likely worsen in the coming years with the Trump administration expecting the deficit to top $1 trillion in 2019, nearly matching the $1.1 trillion imbalance from 2012.



https://www.pbs.org/newshour/economy/federal-budget-deficit-surges-to-highest-level-in-6-years-at-779-billion


Excavator wrote:
Do any of you liberals give the debt of this country even a single thought?
Do any of you have kids or grand kids who will be responsible for this debt?
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NeverTrustAMidget



Joined: 06 Oct 2007
Posts: 13612

PostPosted: Tue Oct 16, 2018 1:32 pm    Post subject: Reply with quote

JamieHall wrote:
Deficit update announced Monday. Where's the outrage over massive deficit spending?


WASHINGTON ó The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trumpís tax cuts caused the government to borrow more heavily in order to cover its spending.

The Treasury Department said Monday that the deficit climbed $113 billion from fiscal 2017. Debt will likely worsen in the coming years with the Trump administration expecting the deficit to top $1 trillion in 2019, nearly matching the $1.1 trillion imbalance from 2012.



https://www.pbs.org/newshour/economy/federal-budget-deficit-surges-to-highest-level-in-6-years-at-779-billion



Interesting since it was announced this week that this years federal individual taxes collected were a record high. So you collect more individual income taxes than any time in history but the tax cuts create a revenue shortage????????????

$1,683,537,000,000 in individual income taxes in fiscal 2018
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PV=nRT



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PostPosted: Tue Oct 16, 2018 2:24 pm    Post subject: Reply with quote

NeverTrustAMidget wrote:
JamieHall wrote:
Deficit update announced Monday. Where's the outrage over massive deficit spending?


WASHINGTON ó The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trumpís tax cuts caused the government to borrow more heavily in order to cover its spending.

The Treasury Department said Monday that the deficit climbed $113 billion from fiscal 2017. Debt will likely worsen in the coming years with the Trump administration expecting the deficit to top $1 trillion in 2019, nearly matching the $1.1 trillion imbalance from 2012.



https://www.pbs.org/newshour/economy/federal-budget-deficit-surges-to-highest-level-in-6-years-at-779-billion



Interesting since it was announced this week that this years federal individual taxes collected were a record high. So you collect more individual income taxes than any time in history but the tax cuts create a revenue shortage????????????

$1,683,537,000,000 in individual income taxes in fiscal 2018


www.crfb.org/blogs/no-tax-revenue-has-not-risen-not-really[/url]

Quote:
By our estimate, total revenue over the time period in question has actually fallen by 1.6 percent in real (inflation-adjusted) terms. Measured relative to GDP Ė a sensible way to measure because a steady tax system would be expected to capture roughly the same share of the economy each year Ė we estimate revenue has fallen 4.1 percent. Finally, relative to the revenue increases that had been previously expected from population growth, inflation, wage growth, structural elements of the tax code, and other factors, tax revenue is down by 5.5 percent.
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Porkchop



Joined: 14 Oct 2005
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PostPosted: Tue Oct 16, 2018 4:16 pm    Post subject: Reply with quote

NeverTrustAMidget wrote:
JamieHall wrote:
Deficit update announced Monday. Where's the outrage over massive deficit spending?


WASHINGTON ó The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trumpís tax cuts caused the government to borrow more heavily in order to cover its spending.

The Treasury Department said Monday that the deficit climbed $113 billion from fiscal 2017. Debt will likely worsen in the coming years with the Trump administration expecting the deficit to top $1 trillion in 2019, nearly matching the $1.1 trillion imbalance from 2012.



https://www.pbs.org/newshour/economy/federal-budget-deficit-surges-to-highest-level-in-6-years-at-779-billion



Interesting since it was announced this week that this years federal individual taxes collected were a record high. So you collect more individual income taxes than any time in history but the tax cuts create a revenue shortage????????????

$1,683,537,000,000 in individual income taxes in fiscal 2018


Why this then-
After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.

"Itís disappointing but itís not a Republican problem," McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that "itís a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future." The deficit has increased 77 percent since McConnell became majority leader in 2015.
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