Correct in the near future the so called steady winning will collapse.newtovillagelife wrote: ↑August 4, 2018, 7:18 am"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.
The deficit has always been a problem area for me with every president, tamada; but never more alarming than Obama's nearly doubling of the debt -- from $9 or $10 Trillion to $19 or $20 Trillion. However, no one seemed to care about that then. 55555 Like I said, I have been concerned about it with every president, and 'every' means EVERY.
You keep posting STEADY Winning as to how Trump is Making the Grade.Lone Star wrote: ↑August 4, 2018, 5:37 pmThe deficit has always been a problem area for me with every president, tamada; but never more alarming than Obama's nearly doubling of the debt -- from $9 or $10 Trillion to $19 or $20 Trillion. However, no one seemed to care about that then. 55555 Like I said, I have been concerned about it with every president, and 'every' means EVERY.
It's Congress' job to get it under control, and they keep using tax revenue and borrowing to buy votes.
I'm guessing that once the midterms are over, and if the Republicans can retain control of Congress, the slashing of the budget will begin. Just a guess.
In the meantime, I'm sure the OMB will be releasing numbers that show increases in tax revenue with so many more people paying taxes. International trade and some other areas will play a roll, too. We'll see how it plays out.
This 'but Obama' moment misleadingly brought to you by...Lone Star wrote: ↑August 4, 2018, 5:37 pmThe deficit has always been a problem area for me with every president, tamada; but never more alarming than Obama's nearly doubling of the debt -- from $9 or $10 Trillion to $19 or $20 Trillion. However, no one seemed to care about that then. 55555 Like I said, I have been concerned about it with every president, and 'every' means EVERY.
It's Congress' job to get it under control, and they keep using tax revenue and borrowing to buy votes.
I'm guessing that once the midterms are over, and if the Republicans can retain control of Congress, the slashing of the budget will begin. Just a guess.
In the meantime, I'm sure the OMB will be releasing numbers that show increases in tax revenue with so many more people paying taxes. International trade and some other areas will play a roll, too. We'll see how it plays out.
It's important to know the distinction between debt and deficit. The debt is the total, which was nearly doubled on Obama's watch. The deficit is an annual figure based on revenue vs expenditures.
So will it start going down under Trump ?Lone Star wrote: ↑August 4, 2018, 7:44 pmIt's important to know the distinction between debt and deficit. The debt is the total, which was nearly doubled on Obama's watch. The deficit is an annual figure based on revenue vs expenditures.
There may have been a year or more where revenue exceeded spending under Obama, but it damn sure doesn't explain how the DEBT went from $9 Trillion to $20 Trillion. 555
The debt increase on Obama's watch was a less than impressive ~47%... which is pretty bad.Lone Star wrote: ↑August 4, 2018, 7:44 pmIt's important to know the distinction between debt and deficit. The debt is the total, which was nearly doubled on Obama's watch. The deficit is an annual figure based on revenue vs expenditures.
There may have been a year or more where revenue exceeded spending under Obama, but it damn sure doesn't explain how the DEBT went from $9 Trillion to $20 Trillion. 555
It's impossible to have the DEBT increase by $9 to $10 Trillion in total and also claim that there was no annual deficit every year with revenue exceeding expenditures. If it were true every year of Obama's watch, then the DEBT would be no larger than it was when he took office -- or even less. Instead, it was twice as much.
Two agencies: Fannie Mae & Freddie Mac. To be continued . . .
a bit of a wild statement , based on what. ? you managed to integrate EU tariffs (sanctions) and north Korean defense .vivid imagination we call that. Trump has managed to bring down the esteem that America had, deals can't be made with this guy , he simply don't stick to deals and can't be trusted .he's a business man and the EU is a foe/adversary. trump/kim , neither of them can be trusted. but that's a different subject to EU sanctions .Lone Star wrote: ↑August 5, 2018, 5:07 amGet ready for some North Korea pullback, delay, threat or similar past activity. China needs some trade leverage, and they'll use their influence over Kim to encourage him to stir the pot. China is on the big losing end of the tariff issue, and they have no qualms about using NK to get some relief.
