Politics
Politics
Out of context: Reply #31220
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- yuekit1
The national debt hits $23 trillion
https://www.axios.com/national-d…
It's worth asking how much of the current U.S. "economic boom" is simply being propped up by deficit spending. The 2008 stimulus bill, which was hugely controversial at the time, cost $800 billion.
Under Trump we're now spending $1 trillion every single year in unpaid tax cuts and spending. And with the recent tax cuts revenues to the government have been reduced by as much as 10% permanently, with no offset in spending.
- Although $1 trillion is less deficit spending compared to previous years, it does continue under the Trump Administration. That's not great.IRNlun6
- It’s actually a big increase under Trump compared with Obama’s second term. Strange because you can understand the need to run a deficit during a financialyuekit
- crisis, but you shouldn’t need it when you have a good economy.yuekit
- Specifically it's twice as high as during the last years of Obama. Mostly thanks to corporate tax cuts and a big increase in military spending.yuekit
- It can be argued that we shouldn't have run a deficit at all to bail out fraudulent banks, but that definitely doesn't excuse the continued overspending.IRNlun6
- And looking at the state of our infrastructure, absolutely zero to show for it.IRNlun6
- #Winningutopian
- socialized stock buybacksdorf
- Borrowing the equivalent of 5% of the economy simply means they'd be in the red if they weren't. This isn't a boom, it's just living off the credit card.zarkonite
- then again, everyone's doing it. China borrows even more...zarkonite
- On the low end of estimates, the stock market has gained $7 trillion in market value since the presidents inauguration.IRNlun6
- It sucks that so many are conditioned to think that wealth is out of their reach but there is no better time to start or acquire a business.IRNlun6
- I'm trying my damndest because the government sure as shit knows how to spend with little in return.IRNlun6
- ukit u do know we pumped more than 800 billion in doemstically right. even more so globally. so much every stock and asset is over bought********
- i really hoped powell with qt was goign to burst the bubble. but it unraveled so fast last dec and scared everyone it would go slowly. now we are here to bust********
- pumping money into repo for liquidity and even china banks defaulting with negaitve interet rates in the eu and japan at what something like -240%********
- gettin ready for war and or a big reset. the pumping moeny will only widen gaps. every corp is opperatign on debt and paying bare interest. and to raise rates********
- cause massive lyaoffs and losses. talking pensions, jobs, retirements funds, etc.. hope people make a deal to stablize currencies before worse populists********
- take control. right now i think the person who has the most real property and the largeat amount of debt they are servicing will be the best off********
- sickens me the such irrepsonbile behavior will win out. but from what ive seen historiclaly it will.********
- omfgboymonospaced
- Major corps are sitting on billions in cash, not running on debt. Major currencies are stable. LOL.monospaced
- But, but Hillary's emailutopian
- corporate debt is at an all time high: https://www.forbes.c…zarkonite
- because of low interest rates. Having cash on hand for a corporation is just a means to prevent hostile take overs.zarkonite