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07-09-2019, 08:11 PM
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#1021
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 113,088
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I am still in favor of a balanced budget amendment, but i will take the soaring economy, full employment, reduced regulations, intelligent handling of the PAris Accords over that as more important.
Ely is a one ball juggler - he is not capable of more than one focused thought at a time. What he fails to understand is that under OBama, we had nothing good and still greatly raised the debt. With Trump, we are seeing dividends.
As I said before, a balanced budget is important, but not the top concern right now. When you get taken to the emergency room, the first thing they check is airway. Yo could have your arm severed and be bleeding out on the stretchers, but AIRWAY is #1. You can bleed longer than than you can go without breathing. That lesson comes printed on ball #2...... 
__________________
Who does the Racing Form Detective like in this one?
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07-09-2019, 09:17 PM
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#1022
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by Tom
I am still in favor of a balanced budget amendment, but i will take the soaring economy, full employment, reduced regulations, intelligent handling of the PAris Accords over that as more important.
Ely is a one ball juggler - he is not capable of more than one focused thought at a time. What he fails to understand is that under OBama, we had nothing good and still greatly raised the debt. With Trump, we are seeing dividends.
As I said before, a balanced budget is important, but not the top concern right now. When you get taken to the emergency room, the first thing they check is airway. Yo could have your arm severed and be bleeding out on the stretchers, but AIRWAY is #1. You can bleed longer than than you can go without breathing. That lesson comes printed on ball #2...... |
"The deficit was more important when we were at 7% unemployment then when we're at 3.7% unemployment."
- Tom paraphrased
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07-09-2019, 10:23 PM
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#1023
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Registered User
Join Date: May 2011
Posts: 22,715
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Quote:
Originally Posted by elysiantraveller
"The deficit was more important when we were at 7% unemployment then when we're at 3.7% unemployment."
- Tom paraphrased
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3.3% with taxes coming in versus unemployed benefits with checks going out add up to BILLIONS
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07-09-2019, 10:31 PM
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#1024
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by davew
3.3% with taxes coming in versus unemployed benefits with checks going out add up to BILLIONS
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And with that 3.7% unemployment rate we're running massive deficits.
Can you feel the winning?
I'm sure the next recession will help not hurt the deficit...
Thanks for making my point.
Last edited by elysiantraveller; 07-09-2019 at 10:32 PM.
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07-09-2019, 10:54 PM
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#1025
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by elysiantraveller
And with that 3.7% unemployment rate we're running massive deficits.
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Perplexing to say the least.....FED should be raising interest rates and have huge tax surplus via consumer spending....But it's all a mirage, inverted yield curve, Fake news, Fake economy.
It's all upside down, totally illogical.
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07-09-2019, 11:20 PM
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#1026
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by ReplayRandall
Perplexing to say the least.....FED should be raising interest rates and have huge tax surplus via consumer spending....But it's all a mirage, inverted yield curve, Fake news, Fake economy.
It's all upside down, totally illogical.
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Not really...
Cutting taxes and increasing spending is a pretty surefire way to run a deficit.
Some pointed out tax cuts before this administration started spending any money should be met with skepticism.
To your post on interest rates I agree they should be raised but this doofus yells at the FED everytime they talk about it because he loves debt.... and his sheeple who bitched for years about low rates and QE suck it up now.
It doesn't matter anyway... old Republicanism is dead which is where this started a couple of pages back.
Last edited by elysiantraveller; 07-09-2019 at 11:22 PM.
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07-09-2019, 11:29 PM
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#1027
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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To ADD: Consumer debt just posted a record high crossing the $4 Trillion mark, and that EXCLUDES mortgages.....It's a debt slave nation, glad I'm not a part of it....
The Almighty got that through to me a long time ago... 
Last edited by ReplayRandall; 07-09-2019 at 11:31 PM.
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07-10-2019, 12:28 AM
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#1028
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Registered User
Join Date: Jan 2006
Posts: 28,613
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Quote:
Originally Posted by ReplayRandall
To ADD: Consumer debt just posted a record high crossing the $4 Trillion mark, and that EXCLUDES mortgages.....It's a debt slave nation, glad I'm not a part of it....
The Almighty got that through to me a long time ago...
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But fear not. Corporate profits are at record heights...so, that must mean that our economy is THRIVING!
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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07-10-2019, 05:02 AM
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#1029
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Quote:
Originally Posted by Tom
I am still in favor of a balanced budget amendment, but i will take the soaring economy, full employment, reduced regulations, intelligent handling of the PAris Accords over that as more important.
Ely is a one ball juggler - he is not capable of more than one focused thought at a time. What he fails to understand is that under OBama, we had nothing good and still greatly raised the debt. With Trump, we are seeing dividends.
As I said before, a balanced budget is important, but not the top concern right now. When you get taken to the emergency room, the first thing they check is airway. Yo could have your arm severed and be bleeding out on the stretchers, but AIRWAY is #1. You can bleed longer than than you can go without breathing. That lesson comes printed on ball #2...... |
From Forbes.
Trump's Job Gains Are Just A Continuation From Obama's Presidency
https://www.forbes.com/sites/chuckjo.../#3008ff6b1af3
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The inmates have taken over the asylum. 
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07-10-2019, 05:03 AM
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#1030
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Whoop-di-do!!!
Go Chump
__________________
The inmates have taken over the asylum.
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07-10-2019, 05:29 AM
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#1031
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Even Drudge gets it.
DEBT PILES UP!
DEFICIT 25% HIGHER SINCE ELECTION
Make America's deficits great again
https://thehill.com/opinion/finance/...ts-great-again
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The inmates have taken over the asylum.
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07-10-2019, 05:36 AM
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#1032
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Despite Trump’s frequent boasts that the current economy is the “greatest” in the history of the country.
During the first 29 full months that Trump has been in office, from February 2017 through June 2019, the economy created 5.61 million jobs, or about 194,000 per month, according to the Bureau of Labor Statistics.
During Obama’s last 29 full months, from September 2014 to January 2017, the economy added 6.42 million new jobs, or about 221,000 per month.
Altogether, job growth under Trump is about 810,000 jobs short of what it was under Obama during the final part of his presidency.
Whoop-di-do!!!
Go Chump
__________________
The inmates have taken over the asylum.
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07-10-2019, 07:25 AM
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#1033
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,903
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Quote:
Originally Posted by thaskalos
President Trump still gets the lion's share of the credit for taking the stock market to new "record heights".
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And rightfully so, considering many thought the world was going to end and all markets would crash if Trump were to be elected.
That was the FEAR MONGERING by democrats prior to the election. You conveniently forget such things. I don't.
Just like they told us John McCain was virtually on death's doorstep and we'll be stuck with a Palin presidency if we were to vote him into office.
It's a fun game, isn't it?
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07-10-2019, 11:05 AM
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#1034
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Quote:
Originally Posted by PaceAdvantage
And rightfully so, considering many thought the world was going to end and all markets would crash if Trump were to be elected.
That was the FEAR MONGERING by democrats prior to the election. You conveniently forget such things. I don't.
Just like they told us John McCain was virtually on death's doorstep and we'll be stuck with a Palin presidency if we were to vote him into office.
It's a fun game, isn't it?
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Very sleight improvement compared to Obama.
https://www.financial-planning.com/o...rump-and-obama
Duh ! It's only a matter of time before I get insulted for posting charts.
__________________
The inmates have taken over the asylum.
Last edited by hcap; 07-10-2019 at 11:07 AM.
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07-10-2019, 11:16 AM
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#1035
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,903
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It's only a matter of time...or not this TIME I guess:
https://www.cnbc.com/2019/07/10/trum...ory%7C&par=msn
Trump wins dismissal of emoluments court case that challenged payments to his DC hotel by foreigners
Another failed INSURANCE PLAN clause
Last edited by PaceAdvantage; 07-10-2019 at 11:19 AM.
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