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04-11-2018, 05:38 PM
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#137
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,819
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Who does the Racing Form Detective like in this one?
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06-24-2018, 10:17 PM
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#138
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Registered User
Join Date: Oct 2004
Posts: 14,036
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When in doubt.... *BUMP*
Surprised this was never brought up on here...
U.S. government posts $147 billion deficit in May
Quote:
Economists caution that the Trump administration’s corporate and individual tax cuts along with an increase in government spending will drive up the country’s deficit despite a robust economy in which the unemployment rate has fallen to an 18-year low.
The deficit for the fiscal year, which began last October, was $532 billion, compared to a deficit of $433 billion in the same period of fiscal 2017. On an adjusted basis, the gap was $584 billion compared with $473 billion in the prior period.
Unadjusted receipts last month totaled $217 billion, down 10 percent from May 2017, while unadjusted outlays were $364 billion, a rise of 11 percent from the same month a year earlier.
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06-25-2018, 11:03 AM
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#139
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,819
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Don't be...you just did.
__________________
Who does the Racing Form Detective like in this one?
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06-25-2018, 12:08 PM
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#140
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by Tom
Don't be...you just did.
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Somebody's got to since this was a common complaint for 8 previous years I'd figure I'd keep it going.
Gotta remain consistent ya know?
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06-25-2018, 01:23 PM
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#141
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,819
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It is still on the list, but it has dropped down due to all the BS issues the left keeps bringing up. Can't fix them all at once, so this one goes to the back burner.
Consider it a cost of having to allow democrats in government.
__________________
Who does the Racing Form Detective like in this one?
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06-25-2018, 01:59 PM
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#142
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by Tom
It is still on the list, but it has dropped down due to all the BS issues the left keeps bringing up. Can't fix them all at once, so this one goes to the back burner.
Consider it a cost of having to allow democrats in government.
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So the fact that revenues are down 10% and expenditures up 11% is the Democrats fault?
Last edited by elysiantraveller; 06-25-2018 at 02:01 PM.
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06-25-2018, 02:17 PM
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#143
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Registered User
Join Date: Dec 2001
Location: JCapper Platinum: Kind of like Deep Blue... but for horses.
Posts: 5,287
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Anybody remember this story from 1986?
LA Times|July 30, 1986|JACK SMITH|
$37 screws, a $7,622 coffee maker, $640 toilet seats; : suppliers to our military just won't be oversold:
http://articles.latimes.com/1986-07-...vw-18804_1_nut
Quote:
Remember when we found out that the government paid $640 each for plastic toilet seats for military airplanes? Now that was something I could feel that I personally paid for. I pay a good deal more than $640 in taxes every year, and I probably paid for several of those toilet seats. That is a concrete contribution that I can be proud of.
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and:
Quote:
Other items offered in the catalogue include a $285 screwdriver, a $7,622 coffee maker, a $387 flat washer, a $469 wrench, a $214 flashlight, a $437 tape measure, a $2,228 monkey wrench, a $748 pair of duckbill pliers, a $74,165 aluminum ladder, a $659 ashtray and a $240- million airplane.
Pentagon Products may be a fictional company, but these prices are not. They are documented.
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I suspect very little has changed in the 32 years since the above story appeared in the LA Times.
If it were up to me: There would be more of a concerted effort towards reigning in runaway government spending and eliminating government waste.
-jp
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www.JCapper.com
Last edited by Jeff P; 06-25-2018 at 02:23 PM.
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06-27-2018, 05:57 AM
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#144
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Registered User
Join Date: Nov 2002
Posts: 30,398
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CBO: US Debt Burden Set to Break Record in Early 2030s
http://www.rollcall.com/news/policy/...in-early-2030s
Debt as a share of the United States economy is on track to blow through the previous World War II-era record within two decades and keep rising from there, the Congressional Budget Office said in its annual long-term budget report.
Generally assuming no change in current laws, growing budget deficits would push debt held by the public from the current level of 78 percent of the economy to almost 100 percent of gross domestic product by 2028, and to 152 percent of GDP by 2048, according to the agency.
“That amount would be the highest in the nation’s history by far,” said the report, which estimates the growth of spending and revenue over the next three decades as a share of the economy. The current record for debt as a share of GDP was set in 1946 when it hit 106 percent. Debt as a share of the economy is projected to exceed that level in fiscal 2034 under the latest projections, one year earlier than in last year’s long-term budget outlook.
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06-27-2018, 10:17 AM
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#145
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,542
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Quote:
Originally Posted by hcap
CBO: US Debt Burden Set to Break Record in Early 2030s
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About the same time Manhattan should be under water, no?
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06-27-2018, 10:34 AM
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#146
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Quote:
Originally Posted by PaceAdvantage
About the same time Manhattan should be under water, no?
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So not only are you a climate change denier, you're a deficit economic ostrich as well?
Not to worry, same emblem works for both.
Btw, We have cut 'our deficits by almost three-quarters,' Obama says in State of the Union
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06-27-2018, 12:07 PM
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#147
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,819
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Maybe he is hiding his head to escape your constant panic attacks.
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09-11-2018, 04:26 PM
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#148
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Veteran
Join Date: Mar 2009
Posts: 9,893
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The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).
http://thehill.com/policy/finance/40...ercent-to-895b
Hmm, in just 11 months, the deficit has increased by over $220 billion, or a little over 1% of nominal GDP. Interestingly enough, GDP growth has picked up by around 1 percentage point.
Under Obama, a much more modest increase would have caused apoplexy* among the current crowd of Trump supporters. Now? Silence. Better yet, this post might elicit a moveon.org reference. Laughable.
*One of Obama's greatest achievements was unintended -- sequestration. It actually controlled spending, much to his chagrin.
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09-11-2018, 04:36 PM
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#149
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by Saratoga_Mike
The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).
http://thehill.com/policy/finance/40...ercent-to-895b
Hmm, in just 11 months, the deficit has increased by over $220 billion, or a little over 1% of nominal GDP. Interestingly enough, GDP growth has picked up by around 1 percentage point.
Under Obama, a much more modest increase would have caused apoplexy* among the current crowd of Trump supporters. Now? Silence. Better yet, this post might elicit a moveon.org reference. Laughable.
*One of Obama's greatest achievements was unintended -- sequestration. It actually controlled spending, much to his chagrin.
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Dude where have you been?!?!?
Tax Cut 2.0 is on deck!
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09-11-2018, 05:14 PM
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#150
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Registered User
Join Date: Jan 2006
Posts: 28,548
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Quote:
Originally Posted by Saratoga_Mike
The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).
http://thehill.com/policy/finance/40...ercent-to-895b
Hmm, in just 11 months, the deficit has increased by over $220 billion, or a little over 1% of nominal GDP. Interestingly enough, GDP growth has picked up by around 1 percentage point.
Under Obama, a much more modest increase would have caused apoplexy* among the current crowd of Trump supporters. Now? Silence. Better yet, this post might elicit a moveon.org reference. Laughable.
*One of Obama's greatest achievements was unintended -- sequestration. It actually controlled spending, much to his chagrin.
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Who cares about the deficit? All that matters is that TRUMP WON!...and whatever else happens in the next 6 years is just icing on the cake!
Why didn't the Obama supporters here think of such a slogan after the Bush presidency? "That's okay...at least there is no more GWB", should have been the rallying cry of the democrats here...whenever Obama got blasted by our conservative brethren.
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