There's more to it than catchy headlines, good read from Feb on the subject: https://www.marketwatch.com/story/surprise-drop-in-trade-deficit-might-lead-to-annual-gdp-above-3-for-the-first-time-in-13-years-2019-02-06
Still a good thing, at least for now.
Originally posted by Robtard
There's more to it than catchy headlines, good read from Feb on the subject: https://www.marketwatch.com/story/surprise-drop-in-trade-deficit-might-lead-to-annual-gdp-above-3-for-the-first-time-in-13-years-2019-02-06Still a good thing for now.
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Why US Deficit Spending Is Out of Control
As projected in the FY 2019 budget, Trump plans to add $4.775 trillion to the debt by the end of his first term. That's a 29% increase from the $20.245 trillion debt at the end of Obama's last budget for FY 2017.
Until 2016, the United States could afford deficit spending because the interest on the debt was so low. One reason was that China, Japan, and other countries demanded U.S. Treasurys. But that began to change in late 2016 as the economy improved. They were still the largest foreign owners of the U.S. debt, but their appetite has slackened. -snip
Deficit spending should only be used to boost the economy out of a recession. When the GDP growth is in the healthy 2% to 3% range, Congress should restore a balanced budget. Otherwise, it creates a frightening debt level. When the debt-to-GDP ratio approaches 100%, owners of the debt will become concerned. They worry that the county won't generate enough income to pay the debt. -snip
Deficit spending is intentional. Congress and the president know that it's a sure-fire way to get reelected. Those who benefit from tax cuts and increased spending become loyal constituents. It won't change until voters punish leaders who overspend.
But the result is debt that's greater than the economy's ability to pay it off. Interest payments on the debt consume 10% of the budget. As a result, Congress is caught between a rock and a hard place. This dilemma will only worsen as interest rates rise. -snip
Originally posted by Emperordmbif the guy wants to dish it he should be able to take it. I get his anger he has nothing. But he can't play victim and pm for protection like a sissy. Especially when he could easily a get job working online as he is online all day. 😂
WTF man, stop being an ableist piece of shit
No dude, he doesn't bear moral responsibility for dishing. Dishing requires both insults and institutional power, and as someone whose disabled he doesn't have institutional power, while you do have institutional power.
He is incapable of dishing at you, whereas you are fully capable of oppressing him through your dishing. You should be arrested for hate speech.
Originally posted by Emperordmb
Yes what we should do is cut the **** out of government spending
Not sure if you're being sincere or sarcastic here.
But that's not going to happen between now and the election. This much spending creates growth and the eventually crash from it won't come until after the election.
Originally posted by Emperordmbhaha, I guess to a point you are right he is nothing and relies on the stateband others tax dollar to survive, so we should let him spew shit like the hateful loser he is whilst he sits sround playing WoW and smoking weed? Lol, hate speak. He's not unemployed or unable to get a GF because of his back. He's those things because he is a ****.
No dude, he doesn't bear moral responsibility for dishing. Dishing requires both insults and institutional power, and as someone whose disabled he doesn't have institutional power, while you do have institutional power.He is incapable of dishing at you, whereas you are fully capable of oppressing him through your dishing. You should be arrested for hate speech.
Originally posted by Putinbot1
haha, I guess to a point you are right he is nothing and relies on the stateband others tax dollar to survive, so we should let him spew shit like the hateful loser he is whilst he sits sround playing WoW and smoking weed? Lol, hate speak. He's not unemployed or unable to get a GF because of his back. He's those things because he is a ****.