President Donald J Trump
- Thread starter saint
- Start date
Besides, Trump's plan for tax cuts and building of infrastructure will really pile it on anyway. That's what Lowell and some others apparently don't understand how our economic system works. Deportation is also very expensive so, I can wait 4 years and say, "I told you so" but it will be pretty evident in 2-3 years anyway.
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you post a chart from 2011 that was created by Nancy Pelosi's office and debunked by factcheck?... I can imagine what you'd all say if Hedgie uploaded one from back then put together by Boehner...
Here is link to Sept update by the Fed, and a January chart by the CBO:
Presidents really can't influence the economy very much. Spending/taxes/regulation is mostly controlled by congress and the important monetary policy is run by the Fed.
Reagan inherited unprecedented double-digit unemployment, inflation and interest rates - plus a bruising recession started about the same time he did. The famous "Reagan Economic Boom" was largely due to the Fed Chairman Pres. Carter appointed (tho The Gipper did give Paul Volcker much stronger support than Carter did/would have) and thus favorable timing with the business cycle....Obama inherited a bruising recession mostly caused by this same bumbling Federal Reserve, and The Fed's poor subsequent monetary growth has guaranteed to disable any attempts to "stimulate" the economy by Pres or Congress or anyone.
Debts tend to rise when there is a war to fight, like Reagan's expensive cold war or Bush's hot one, and also rises when there is a recession to combat...
Reagan inherited unprecedented double-digit unemployment, inflation and interest rates - plus a bruising recession started about the same time he did. The famous "Reagan Economic Boom" was largely due to the Fed Chairman Pres. Carter appointed (tho The Gipper did give Paul Volcker much stronger support than Carter did/would have) and thus favorable timing with the business cycle....Obama inherited a bruising recession mostly caused by this same bumbling Federal Reserve, and The Fed's poor subsequent monetary growth has guaranteed to disable any attempts to "stimulate" the economy by Pres or Congress or anyone.
Debts tend to rise when there is a war to fight, like Reagan's expensive cold war or Bush's hot one, and also rises when there is a recession to combat...
I think this is roughly a graphic interpretation of what what is FDC is saying.
This is a left-skewed interpretation of reality.
What's your point? That's not the chart he posted and I'm pretty sure that this chart shows Bush jrs. Debt accounting ending on January 1st 2009 when it actually ended October 1st 2009, but who cares, it still doesn't mean debt and deficit are one in the same and this chart is only public debt not cumulative. If it did it would have included the Reagan gutting of social security funds as well as medicare and Medicaid.
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It's all an imaginary number. How does the deficit impact Americans on an every day basis?
Well it says public debt at the top of the chart? The government has two types of debt. I don't really care either way, I was just asking what you were getting at with quoting my post about the difference between debt and deficit.
It's not that big a deal man. Was only asking.
How all is well with you.
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It impacts us as everyday citizens in that a steady increase the deficit can be a precursor to tax hikes and rate increases. It's not an imaginary number by any means but to be honest, I don't want to argue about it because nobody cares until shit hits the fan. Nobody cares until a gorilla gets shot, then the country goes ape shit.
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I have a great deal of intolerance for politics..... it's like betting. The majority always loses. Btw no matter who is president it will have ZERO effect on my life over the next 4 to 8 years. We used to unite in this great country of ours. Now we have people protesting the national anthem at professional sporting events:facepalm:
We protest if our candidate did not get elected......it's a fucking joke. Grow a pair of balls and live with the fact that Donald Fucking Trump is your president. Love it or leave it......You can go to Canada and freeze your balls off, or go to Mexico and sweat your balls off. Fuck the crying Millennials ........:0003
We protest if our candidate did not get elected......it's a fucking joke. Grow a pair of balls and live with the fact that Donald Fucking Trump is your president. Love it or leave it......You can go to Canada and freeze your balls off, or go to Mexico and sweat your balls off. Fuck the crying Millennials ........:0003
