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CU Medallion [73569]
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Lot o points [180966]
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No one is looking.***
Aug 11, 2017, 9:09 PM
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110%er [7207]
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Re: The national debt has fallen 100 billon since the Don
Aug 11, 2017, 11:40 PM
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So we won't have to raise the debt ceiling?
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Oculus Spirit [97703]
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Now you see why Trump is so hated
Aug 12, 2017, 4:26 AM
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That debt buys votes.
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Oculus Spirit [83073]
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Lulz***
Aug 12, 2017, 8:59 AM
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Oculus Spirit [97703]
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That's just as big a slam at pubs as dems.
Aug 12, 2017, 11:22 AM
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Sad thing is it can't be a sustained decline in debt. Trump can do a lot to cut expenses, but the legislative obligations will always catch up. I'm surprised that he has cut enough to outpace baseline spending, even if for a short time. After they raise the debt ceiling, it will shoot up again.
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All-In [48078]
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CU Medallion [60034]
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Re: Forbes
Aug 12, 2017, 6:12 AM
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6 month old articles are perfect in this scenario. Thanks for contributing.
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All-In [48078]
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Why wouldn't it be, Einstein?
Aug 12, 2017, 6:56 AM
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The content of that article is still equally as relevant if you even bothered to take the time to read it. Thanks for contributing though.
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Oculus Spirit [83073]
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Yet just as true today as 6 months
Aug 12, 2017, 12:35 PM
[ in reply to Re: Forbes ] |
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Ago.
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Orange Blooded [2702]
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Did he think it just magically went down
Aug 12, 2017, 7:13 AM
[ in reply to Forbes ] |
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Because it was on his watch, like the deficit is afraid of him?
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All-TigerNet [14233]
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That's awesome, but it'll reverse if he cuts taxes
Aug 12, 2017, 8:34 AM
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Without cutting spending.
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Oculus Spirit [83073]
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Maybe in the short run but in the long run could bring in
Aug 12, 2017, 9:00 AM
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more revenue if growth were to double or triple because of it.
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Orange Blooded [2702]
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That's a big "if"
Aug 12, 2017, 11:48 AM
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Does Voodoo Economics really work?
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All-In [31887]
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No, cause it's not a real thing...
Aug 12, 2017, 12:30 PM
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but I'm a believe that supply side economics can/does work in certain situations.
We need to cut federal income tax rates across the board and scale back the scope of the federal government. THAT would lead to private sector sustainable growth.
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Orange Blooded [2702]
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You're correct, it can work
Aug 12, 2017, 1:25 PM
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But we need to be realistic about how much it can work. At a certain point revenue coming from newly realized supply side sales becomes unsustainable. I'd love to see some sort of stepped implementing of corporate taxes to find that "sweet spot". Most economists I've heard talk on the issue say that cutting the corporate tax rate to the mid-20s is possible. Trumps 15% is unrealistic and reckless and would put us further in the deficit hole.
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Oculus Spirit [83073]
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Oculus Spirit [83073]
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What do you attribute that to?***
Aug 12, 2017, 8:58 AM
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All-In [31887]
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Did look into it in detail, but I would guess it has to do..
Aug 12, 2017, 12:34 PM
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with increase in income at tax filing time aligned with some down tick in payments. Payments and income aren't equally dispersed throughout the year, so I'm betting it's not that uncommon for the debt count to take dips down occasionally.
Of course it's stupid to for Trump to make hay out of it since it's going to be up substantially for the year and for his term in office.
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CU Medallion [73569]
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Has trump even mentioned it?
Aug 12, 2017, 8:23 PM
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I don't know since.ive.been too busy to follow much news the past month.
But regardless after yr after yr of trillion dollars debt added under Obama, this is pretty nice.
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