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Deficit increases 17%
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Replies: 9
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Deficit increases 17%


Oct 5, 2018, 9:57 PM

Pathetic.



https://thehill.com/policy/finance/410177-deficit-soars-to-782-billion-in-2018

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null


You’d think we take advantage of good economy to tackle deficit a bit


Oct 6, 2018, 6:22 AM

Our politicians aren’t this smart.

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Personal economics is not a good frame of reference...


Oct 6, 2018, 6:38 AM

when considering a nation's economy. I tried that first and realized that with all my tools were deficient to comprehend why I couldn't reconcile some issues. Our economy is booming, perhaps it is as good as we've ever seen.

The money we spend isn't being pizzed away as it was during Obama's social justice war of redistribution of wealth. I say 'pizzed away,' not because handing out fish to the starving is bad but because teaching them to fish is superior.

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Money is still being pizzed away


Oct 6, 2018, 9:26 AM

Just to other groups now.

Unemployment is insanely low right now. Economy is doing great. I know it’s not politically popular, but at some point govt has to get serious about figuring out the debt.

Stop spending so much. Where is the money going that the govt is supposedly saving. It’s a problem on both sides of the political spectrum. The increasing interest will make the debt skyrocket. As least try to balance the budget. How did Newt and Clinton figure it out 20 years ago?

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Re: You’d think we take advantage of good economy to tackle deficit a bit


Oct 6, 2018, 7:27 AM [ in reply to You’d think we take advantage of good economy to tackle deficit a bit ]

Our enormous debt was the reason that I had very mixed emotions about the tax cut. I know that Trump understands the evil lurking within the debt … and it will cripple our economy and take all of us with it later, rather than sooner. It cannot reasonably be repaid, and we can't walk away from it because the owner of more than 60% of the $22 Trillion is us. Most folks don't understand this. With the Fed raising interest rates, just watch the size of the debt increase significantly. Simpson-Bowles had a reasonably good plan to deal with it years ago, but Obama didn't have the balls to pull the trigger. We're all gonna have to suffer a 5-10% reduction in our incomes over time … or we'll suffer perhaps an 80% loss when the house of cards comes crashing down. FWIW ...

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Shall we delve a bit deeper?


Oct 6, 2018, 6:29 AM

Didn't Tiggy say our government is our economy? The following is a comprehensive look at some of what was taught at Clemson in Econ 'Money and Banking,' back in the 1980s. I remember some of the highlights but since none of it has been practical for application to my life so most of what I can comprehend is a conjured memory. I wish you luck.

https://seekingalpha.com/article/4206438-good-news-u-s-government-posts-214-billion-deficit-august-2018-u-s-private-sector-posts-214

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FED orchestrated cyclical crash... Got to pay those Bankstas


Oct 6, 2018, 8:01 AM

It's been happening since inception.

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why aren't the tea baggers stopping this?***


Oct 6, 2018, 9:36 AM





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Higher taxes are inevitable. The discretionary spending...


Oct 6, 2018, 10:32 AM

components of the budget are simply not big enough.

At some point social security and Medicare may come onto play.

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Re: Deficit increases 17%


Oct 6, 2018, 2:11 PM

You don't understand money or FIAT currency.

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Replies: 9
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