More Winning! LOL.

Discussion in 'Political Action Forum' started by eel river, Mar 7, 2018.

  1. eel river

    eel river Elite Refuge Member

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  2. chuam

    chuam Elite Refuge Member

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    Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — President Donald Trump's first full year in charge of the budget.

    That's almost double what the government borrowed in fiscal year 2017.

    Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.

    http://www.chicagotribune.com/news/...ct-spending-debt-analysis-20180203-story.html
     
  3. Matagorda Bound

    Matagorda Bound Senior Refuge Member

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    But this is all part of Trump's negotiating style -- he is gonna run that deficit way up and let it get complacent and then - BOOM - he's gonna step in and take it down!!!
     
  4. pintail2222

    pintail2222 Elite Refuge Member

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    This sucks - and it pisses me off! I stated it before - Trump is going to be just like the idiot King. Cut taxes but increase spending... :doh

    But the link states that it's the highest amount of borrowing in six years. $955 billion. That would be FY 2012 and $1.087 trillion. And before that FY 2011 and $1.3 trillion, FY 2010 and $1.547 and then FY 2009 and $1.16 trillion...

    What did we get for our borrowing 6 years ago? 7 years ago? 8 years ago? 9 years ago? What do we have to show for it? Obviously the increase in the stock market only helped the rich according to Libs... And millions o Americans still lost their homes... And Healthcare is funded by the States according to the previous Administration...
     
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  5. The_Duck_Master

    The_Duck_Master Elite Refuge Member

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    Ongoing war(s).
     
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  6. hobbydog

    hobbydog Elite Refuge Member

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    From the article. Looks like the tax cuts will be going to buy more imported toys. Whoever thought economics could be so hard.

    But with the economy almost at full employment, the increase in demand spurred by the $1.5 trillion tax package will probably be satisfied with imports, further worsening the trade deficit.
     
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  7. The_Duck_Master

    The_Duck_Master Elite Refuge Member

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    Anyone with a lick of sense would expect lowering taxes and increasing spending to have this exact effect at least in the short term. Whether it will have a positive or negative effect long term is TBD. That will depend on the influence of the corporate rate reductions.
     
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  8. chuam

    chuam Elite Refuge Member

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    So far companies are investing in stock buybacks and not workers or capital investments........
     
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  9. pintail2222

    pintail2222 Elite Refuge Member

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    It's what the Idiot King did. He cut taxes but increased spending - doubling the Federal Debt along the way from appx: $5.73 trillion to appx: $10.63 trillion in 8 years. :mad: Thank God/Budda/Allha/Beelzebub that he didn't get in to Quantative Easing.
     
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  10. pintail2222

    pintail2222 Elite Refuge Member

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    Buybacks have been SOP since Q1 2009 when the Fed Fund rate was below 0.25% for 7 years. Borrow $ at a low % - snap up shares outstanding in order to lower the float and beat the street....

    http://www.macrotrends.net/2015/fed-funds-rate-historical-chart
     

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