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Deficit up 27% since last year.
LoP Guest
lop guest
User ID: 507568
08-13-2019 02:34 AM

 



Post: #16
RE: Deficit up 27% since last year.
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SkeptiSchism  Wrote: (08-13-2019 02:22 AM)
LoP Guest  Wrote: (08-13-2019 01:56 AM)
Or like how you are too stupid to have looked at revenue before spouting off.

Here's some numbers on tax receipts:

FY 2019 - $3.44 trillion, estimated.
FY 2018 - $3.33 trillion.
FY 2017 - $3.32 trillion.
FY 2016 - $3.27 trillion.

https://www.thebalance.com/current-u-s-f...ue-3305762

So, in general the economy isn't growing much more than around 2-3% like it was under Obama.

When they produce a GDP number they can fudge it a lot but they can't really fudge tax receipts, and they always tax the economy at about the same rate. Although Trump did give out some corporate tax breaks about a year ago.

Hell of a lot of personal tax breaks for anyone paying federal income taxes too and yet revenue is up.
I payed about $600 less last year than the year before, most people payed a bunch less as a percentage of their incomes.
Figure in the average reduction it marginal tax rates and you're getting more growth than Obama ever dreamed of.
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LoP Guest
lop guest
User ID: 511274
08-13-2019 02:40 AM

 



Post: #17
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-13-2019 02:34 AM)
SkeptiSchism  Wrote: (08-13-2019 02:22 AM)
Here's some numbers on tax receipts:

FY 2019 - $3.44 trillion, estimated.
FY 2018 - $3.33 trillion.
FY 2017 - $3.32 trillion.
FY 2016 - $3.27 trillion.

https://www.thebalance.com/current-u-s-f...ue-3305762

So, in general the economy isn't growing much more than around 2-3% like it was under Obama.

When they produce a GDP number they can fudge it a lot but they can't really fudge tax receipts, and they always tax the economy at about the same rate. Although Trump did give out some corporate tax breaks about a year ago.

Hell of a lot of personal tax breaks for anyone paying federal income taxes too and yet revenue is up.
I payed about $600 less last year than the year before, most people payed a bunch less as a percentage of their incomes.
Figure in the average reduction it marginal tax rates and you're getting more growth than Obama ever dreamed of.



here. allow me...

Bsflag



$3.50
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LoP Guest
lop guest
User ID: 510442
08-13-2019 02:49 AM

 



Post: #18
RE: Deficit up 27% since last year.
Two thirds
Of developing nations wealth wasted
To corruption
https://youtu.be/yq3TQoMjXTw
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LoP Guest
lop guest
User ID: 511253
08-13-2019 03:16 AM

 



Post: #19
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-12-2019 10:42 PM)
LoP Guest  Wrote: (08-12-2019 10:41 PM)
That's how much it costs to keep put illegals! See how much money they cost us.

chuckle yeah right.
it's not like crazy military spending or massive cuts for the rich has anything to do with it

It costs a fortune to keep illegals out of the country and now they won't get any monies so they will stop coming you will see that number drop!
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LoP Guest
lop guest
User ID: 507568
08-13-2019 03:46 AM

 



Post: #20
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-13-2019 02:40 AM)
LoP Guest  Wrote: (08-13-2019 02:34 AM)
Hell of a lot of personal tax breaks for anyone paying federal income taxes too and yet revenue is up.
I payed about $600 less last year than the year before, most people payed a bunch less as a percentage of their incomes.
Figure in the average reduction it marginal tax rates and you're getting more growth than Obama ever dreamed of.



here. allow me...

Bsflag



$3.50

Yeah I think its the antitrunmpers that are getting paid.
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LoP Guest
lop guest
User ID: 509818
08-13-2019 05:39 AM

 



Post: #21
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-12-2019 10:15 PM)
Thanks TRUMP! Making America Bankrupt Again!

https://www.cnbc.com/2019/08/12/the-us-b...ter%7Cmain

That brings the fiscal year deficit through July to $866.8 billion, a little over a year and a half after the Trump administration ushered through a $1.5 trillion tax cut that the White House has vowed would pay for itself. At this point last year, the deficit was $684 billion.

There are two months left in this fiscal year, and the Treasury Department is projecting a deficit of just over $1 trillion.

He's bankrupting the fed. He's maxing out their credit, peeling back their subsidiaries control over the economy, and cutting them out of intel to stay ahead of the curve. To drive it home he's subverting faith in the FED when he criticizes their decisions on how to balance.

Did you know the FED's primary mandate is to create jobs? Did you know the FED was designed around a 5% unemployment minimum or that they didn't even have a plan for rates when unemployment FINALLY reached below 5%?
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LoP Guest
lop guest
User ID: 510956
08-13-2019 06:25 AM

 



Post: #22
RE: Deficit up 27% since last year.
Wrong
The primary mandate
Is to keep inflation within a set
Usually 2-3%
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LoP Guest
lop guest
User ID: 510956
08-13-2019 06:26 AM

 



Post: #23
RE: Deficit up 27% since last year.
*set range
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SkeptiSchism
Registered User
User ID: 450243
08-13-2019 06:49 AM

Posts: 8,930



Post: #24
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-13-2019 06:25 AM)
Wrong
The primary mandate
Is to keep inflation within a set
Usually 2-3%

You don't believe that crap do you? They change the items in the basket they use to calculate inflation all the time. If the price of beef goes up, they say oh well people can eat hamburger instead of steak and claim there's no inflation.

They also don't account for lower product quality, or smaller packaging.

Big ticket items like housing, medical and education always increase at around 10% a year every year. Why do you think people can't afford to buy a home, or even rent a damn apartment? Because the price of housing doubles every 7 years.

Oh, what about the stock market? The S&P was at a low of 666 in 2009, and now it's 2883, that's an increase of 2,217 points or 333%, over 10 years that's 33.3% a year.

2% inflation my ass anyone who believes that deserves to get their money taken from them.

It’s easier to fool people than to convince them that they have been fooled.
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LoP Guest
lop guest
User ID: 420994
08-13-2019 07:16 AM

 



Post: #25
RE: Deficit up 27% since last year.
Lol

At this point it sincerely doesn't matter, the debt will never be paid off.. it will be destroyed by hyperinflation, along with the dollar.

Might as well rack it thefuck up and then MMT some shìt to the moon!! Lmao


RIP America
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LoP Guest
lop guest
User ID: 510442
08-13-2019 07:35 AM

 



Post: #26
RE: Deficit up 27% since last year.
SkeptiSchism  Wrote: (08-13-2019 06:49 AM)
LoP Guest  Wrote: (08-13-2019 06:25 AM)
Wrong
The primary mandate
Is to keep inflation within a set
Usually 2-3%

You don't believe that crap do you? They change the items in the basket they use to calculate inflation all the time. If the price of beef goes up, they say oh well people can eat hamburger instead of steak and claim there's no inflation.

They also don't account for lower product quality, or smaller packaging.

Big ticket items like housing, medical and education always increase at around 10% a year every year. Why do you think people can't afford to buy a home, or even rent a damn apartment? Because the price of housing doubles every 7 years.

Oh, what about the stock market? The S&P was at a low of 666 in 2009, and now it's 2883, that's an increase of 2,217 points or 333%, over 10 years that's 33.3% a year.

2% inflation my ass anyone who believes that deserves to get their money taken from them.

Every time inflation expectation
Exceeded 3%
They’ve increased rates

And vice versa

With statistics you can twist any way you want
Use some logic
Quote this message in a reply
SkeptiSchism
Registered User
User ID: 450243
08-13-2019 08:19 AM

Posts: 8,930



Post: #27
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-13-2019 07:35 AM)
SkeptiSchism  Wrote: (08-13-2019 06:49 AM)
You don't believe that crap do you? They change the items in the basket they use to calculate inflation all the time. If the price of beef goes up, they say oh well people can eat hamburger instead of steak and claim there's no inflation.

They also don't account for lower product quality, or smaller packaging.

Big ticket items like housing, medical and education always increase at around 10% a year every year. Why do you think people can't afford to buy a home, or even rent a damn apartment? Because the price of housing doubles every 7 years.

Oh, what about the stock market? The S&P was at a low of 666 in 2009, and now it's 2883, that's an increase of 2,217 points or 333%, over 10 years that's 33.3% a year.

2% inflation my ass anyone who believes that deserves to get their money taken from them.

Every time inflation expectation
Exceeded 3%
They’ve increased rates

And vice versa

With statistics you can twist any way you want
Use some logic

That's nonsense, first of all point number 1 they manufacture the inflation number, it's rigged. It says what they want it to say.

Second of all the only time they raise rates is when they want to flush out the mal-investments from the market, so they can create new debt capacity from borrowers. They get bailed out from any losses or the fed buys up any assets they can't mark to market for fear of causing panic.

They also raise rates so they can just lower them again. The fed has essentially become the engine of the economy. An engine uses pistons, there is an up cycle and a down cycle. The fed artificially engineers these cycles, the insiders know when the top is called and they sell out. Then they also know when to buy back in cheap at the bottom of the cycle.

But in big broad general terms the fed always has to continually lower interest rates so that corporations and the government can roll all their unpayable debt. If they had to actually service that debt they'd all go bankrupt.

It’s easier to fool people than to convince them that they have been fooled.
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LoP Guest
lop guest
User ID: 510442
08-13-2019 08:24 AM

 



Post: #28
RE: Deficit up 27% since last year.
It’s interesting looking to
Debt to gdp ratio

USA debt only sits around 106

Iran it’s a positive figure

Japan holds 250% debt

US is easily repayable
Once the fixed cost of managing economy
Goes down
IE we fire a fuckload of gov Workers
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SkeptiSchism
Registered User
User ID: 450243
08-13-2019 08:34 AM

Posts: 8,930



Post: #29
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-13-2019 08:24 AM)
It’s interesting looking to
Debt to gdp ratio

USA debt only sits around 106

Iran it’s a positive figure

Japan holds 250% debt

US is easily repayable
Once the fixed cost of managing economy
Goes down
IE we fire a fuckload of gov Workers

Again all those numbers are rigged. There is another $21 trillion missing from .gov accounting, essentially debt they issued off books or another set of books.

Also, there the real actual debt on our books today is about $34 trillion. So that makes your debt to GDP number what, 150% without counting the missing $21 trillion from 2 agencies alone?

Come on, get real.

SkeptiSchism  Wrote: (01-17-2019 05:41 AM)
From srsroccoreport.com

snip~

That’s correct… there’s a lot more debt than Americans realize sitting on the balance sheet of the U.S. Government. For example, there are other obligations such as U.S Government Agency Debt that isn’t well-known. According to the USGovernmentSpending.com website, U.S. Agency debt is the amount of outstanding debt issued by federal agencies (such as FHLB and GNMA) and government-sponsored enterprises (such as Fannie Mae and Freddie Mac). The amount of U.S. Agency debt

Then we have also to include State and Local Debt that is not apart of the U.S. Federal public debt. California holds the highest amount of State Debt in the country at $155 billion followed by New York at $141 billion. You can check out the debt of each state here: Compare State Debt.

Okay, let’s start adding up all the U.S. Government debt and put it into perspective. The total U.S. Federal debt is $21.97 trillion while U.S. Agency debt comes in at a whopping $9.26 trillion and State-Local Debt is $3.1 trillion. Thus, total outstanding U.S. Government debt is a staggering $34.3 trillion.


[Image: Total-US-Federal-Agency-State-Local-Debt-JAN14-2018.png]

https://srsroccoreport.com/u-s-governmen...s-realize/

It’s easier to fool people than to convince them that they have been fooled.
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LoP Guest
lop guest
User ID: 420994
08-13-2019 08:40 AM

 



Post: #30
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-13-2019 07:16 AM)
Lol

At this point it sincerely doesn't matter, the debt will never be paid off.. it will be destroyed by hyperinflation, along with the dollar.

Might as well rack it thefuck up and then MMT some shìt to the moon!! Lmao


RIP America


Tens of millions of people have no idea what's coming and how fùcked their "finances" are going to be..

Popcorn Bump
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