U.S. Politics

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pal52
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Re: Will Trump make the Grade.

Post by pal52 » August 4, 2018, 10:39 am

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.
Correct in the near future the so called steady winning will collapse.

http://www.msn.com/en-gb/money/markets/ ... ?li=AA54rU

https://www.bangkokpost.com/news/genera ... cit-widens



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Re: Will Trump make the Grade.

Post by skinner » August 4, 2018, 1:00 pm

STEADY BULLSHIT from FOX NEWS

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Re: Will Trump make the Grade.

Post by tamada » August 4, 2018, 2:56 pm

The US fiscal deficit is ballooning at an alarming pace as Donald Trump's tax cuts eviscerate federal revenues, forcing Washington to borrow epic sums on the global bond market at an increasingly delicate juncture.

https://www.telegraph.co.uk/business/20 ... us-fiscal/

The recently trumpeted $12 billion farmers bailout was probably partially funded by the Chinese... among others.

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Re: Will Trump make the Grade.

Post by Lone Star » August 4, 2018, 5:37 pm

tamada wrote:
August 4, 2018, 2:56 pm
The US fiscal deficit is ballooning at an alarming pace . . .
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.

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.
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Re: Trump addresses US trade deficit

Post by Lone Star » August 4, 2018, 5:46 pm



Larry Kudlow, one of Trump's chief economic advisers, fills in the gaps on the overall health of the Chinese economy. He reiterates that Trump wants totally free and fair trade and is only using tariffs to try to get international trading partners to treat the US fairly in trade.

Kudlow also stated that when the EU gets on board, both the US and EU will work together to bring China into line.

Free and fair trade is win-win for everyone.

Kudlow is one of the best. #1.
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Re: Trump addresses EU trade deficit

Post by papafarang » August 4, 2018, 6:03 pm

the EU can't help , just had huge tariffs slapped on it , and it's about to lose one of it's largest contributors . I hope the uk can benefit ,once free of Europe we can do business with everyone tariff free :D
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Re: Will Trump make the Grade.

Post by FrazeeDK » August 4, 2018, 6:22 pm

bottom line is that the U.S. has a spending problem.. https://www.fiscal.treasury.gov/fsrepor ... ts0518.pdf
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Re: Will Trump make the Grade.

Post by pal52 » August 4, 2018, 6:42 pm

Lone Star wrote:
August 4, 2018, 5:37 pm
tamada wrote:
August 4, 2018, 2:56 pm
The US fiscal deficit is ballooning at an alarming pace . . .
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.

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.
You keep posting STEADY Winning as to how Trump is Making the Grade.
(The title of the thread).
It is obvious he is not winning & he is getting the US into more debt with his policies & is only creating a short term policy to look good on paper.

Typical business man hiding the facts with statistics which can be questioned as false with even more statistics.

Do not blame Obama that is too easy.

As for your GUESS lets see what happens.

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Re: Will Trump make the Grade.

Post by tamada » August 4, 2018, 6:43 pm

Lone Star wrote:
August 4, 2018, 5:37 pm
tamada wrote:
August 4, 2018, 2:56 pm
The US fiscal deficit is ballooning at an alarming pace . . .
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.

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...

http://www.factandmyth.com/deficit-and- ... s-combined

"Deficits and Irony
The irony of this claim is that, while it’s intended to pin Obama as a fiscally-irresponsible President who spent the US economy into oblivion, the deficit was actually reduced during his time in office (meaning the government was generating more revenue than it was spending)."


Otherwise you are spot on that successive administrations of BOTH flavors have habitually kept sticking their hands in the cookie jar without anyone telling them to stop.

Sounds like bad parenting to me.

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Re: Will Trump make the Grade.

Post by Lone Star » August 4, 2018, 7:44 pm

tamada wrote:
August 4, 2018, 6:43 pm


This 'but Obama' moment misleadingly brought to you by...
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.

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.
Last edited by Lone Star on August 4, 2018, 7:56 pm, edited 1 time in total.
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Re: Will Trump make the Grade.

Post by skinner » August 4, 2018, 7:54 pm

Lone Star wrote:
August 4, 2018, 7:44 pm
tamada wrote:
August 4, 2018, 6:43 pm


This 'but Obama' moment misleadingly brought to you by...
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.

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
So will it start going down under Trump ?

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Re: Will Trump make the Grade.

Post by newtovillagelife » August 4, 2018, 8:20 pm

Trump is projected to add over 8 trillion in debt in 4 years, or double Obamas rate.

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Re: Will Trump make the Grade.

Post by tamada » August 4, 2018, 8:50 pm

Lone Star wrote:
August 4, 2018, 7:44 pm
tamada wrote:
August 4, 2018, 6:43 pm


This 'but Obama' moment misleadingly brought to you by...
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.

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.
The debt increase on Obama's watch was a less than impressive ~47%... which is pretty bad.

However, his predecessor, good ol' Dubya, managed to wrangle a ~108% debt increase over his 8 years in the big house.

OK, he had at least 2 wars to fight (for which we are eternally grateful) and nobody predicted the 2008/08 recession that wrecked his last budget (the budget that Obama inherited).

This 'but Dubya' moment brought to you by...

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Re: Trump addresses US trade deficit

Post by Lone Star » August 5, 2018, 5:07 am

Get 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.
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Re: Will Trump make the Grade.

Post by Lone Star » August 5, 2018, 5:31 am

I saw a video of a Democrat strategist (who happened to be Black) somewhere online yesterday who said that her party -- the Democrats -- have a serious message problem. She said that it's okay to go after Trump and talk about how much you don't like him and try to trash him and what he's accomplished with the economy, but the Democrats -- her party -- have yet to be able to tell Americans what they are FOR that is better than what Trump's policies have provided.

She is one of the few honest Democrats remaining.

According to Rasmussen, Trump's approval among Black Americans has risen year-over-year from 15% in August 2017 to 29% approval in August 2018. That number is significant, since Republicans usually on receive 5 to 10% of the Black vote.
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Re: Will Trump make the Grade.

Post by Lone Star » August 5, 2018, 5:33 am

tamada wrote:
August 4, 2018, 8:50 pm
. . .

This 'but Dubya' moment brought to you by...
Two agencies: Fannie Mae & Freddie Mac. To be continued . . .
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Re: Will Trump make the Grade.

Post by newtovillagelife » August 5, 2018, 6:06 am

Donald Trump: As projected in the FY 2019 budget, Trump plans to add $8.282 trillion, a 41- percent increase from the $20.245 trillion debt at the end of Obama's last budget for FY 2017. He will add almost as much in four years as Obama did in eight. That would also make him the second-biggest contributor to the debt in history in just one term.

FY 2021 - $1.119 trillion.
FY 2020 - $1.198 trillion.
FY 2019 - $1.225 trillion.
FY 2018 - $1.233 trillion.

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Re: Will Trump make the Grade.

Post by GT93 » August 5, 2018, 6:21 am

Socialism. And it's not necessary at this stage of the economic cycle.

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Re: Trump addresses EU trade deficit

Post by papafarang » August 5, 2018, 6:44 am

Lone Star wrote:
August 5, 2018, 5:07 am
Get 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.
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 .
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Re: Will Trump make the Grade.

Post by tamada » August 5, 2018, 9:56 am

Lone Star wrote:
August 5, 2018, 5:33 am
tamada wrote:
August 4, 2018, 8:50 pm
. . .

This 'but Dubya' moment brought to you by...
Two agencies: Fannie Mae & Freddie Mac. To be continued . . .
Good reminder. I forgot about the subprime mortgage debacle that kicked off in 2003/4.

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