Yet wages for lower and middle class people are flat or falling. -- Faz d. Hoo 06/18/2018 12:03AMNet interest payments are projected to jump to $818B in 2027 (link)
(In response to this post by Shenhoo)
Link: Washington is on track for more government spending and bigger deficits — even
Posted: 06/15/2018 at 11:05PM
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Trump's forecast of 4% GDP growth coming true as Americans spend tax-bill -- Hoos Operator 06/15/2018 3:36PM Yet wages for lower and middle class people are flat or falling. -- Faz d. Hoo 06/18/2018 12:03AM And the government doesn’t cut spending to reflect the -- KCHoo 06/15/2018 3:50PM As a Conservative, I am so proud of my government for financing expansion -- Shenhoo 06/15/2018 3:58PM The $9.3 trillion added debt under Obama must have had you bursting at the -- Hoos Operator 06/15/2018 9:50PM Here are some numbers since the Great Recession. -- Shenhoo 06/15/2018 10:28PM Here is a graph depicting the growth in federal debt since 1966. -- Hoos Operator 06/15/2018 10:55PM Good point--the curve gets steepest right before BHO takes office -- HooBear 06/16/2018 1:48PM It does, and he did. HO does NOT interpret his graph correctly. Obama -- Shenhoo 06/16/2018 5:46PM Negative GDP of over 9 per cent? -- Hoos Operator 06/16/2018 9:45PM Quarterly. By the end of the year, indeed, Obama was leading a recovery. ** -- Shenhoo 06/17/2018 08:51AM Umm...the graph is steepest after Obama took office. An additional -- Hoos Operator 06/16/2018 2:38PM Actually, we ran a budget deficit from October 2008 through January 2009 -- Shenhoo 06/16/2018 5:37PM The chart does clearly show that Reagan taught us deficts don't matter. -- Shenhoo 06/15/2018 11:03PM Surprise to you, I suppose, that the curve went way up at the Great -- Shenhoo 06/15/2018 10:59PM I trust if the economy continues to expand, tax revenues increase and the -- Hoos Operator 06/15/2018 11:14PM I got all the toilet paper I need. Keep bragging about sharply rising -- Shenhoo 06/15/2018 11:22PM But, Obama, right? Do you disagree with my point? ** -- Shenhoo 06/15/2018 10:17PM I would agree that the economy must continue to expand at a high rate to -- Hoos Operator 06/15/2018 10:27PM It's losing ground. Did you not see the May figures? ** -- Shenhoo 06/15/2018 10:29PM Continued economic expansion wiill generate more tax revenues over time. ** -- Hoos Operator 06/15/2018 10:39PM And continued huge deficit spending will create economic growth. -- Shenhoo 06/15/2018 10:44PM Net interest payments are projected to jump to $818B in 2027 (link) -- Hoo TV 06/15/2018 11:05PM But, just think of the economic expansion that will come from borrowing to -- Shenhoo 06/15/2018 11:11PM The crazy thing is there are only two ways the new $1.5 Trillion gets paid: -- HooBear 06/15/2018 6:52PM You can do that forever, can't you? ** -- HoosWillWin 06/15/2018 4:37PM It's looking like you can do it until there is a viable alternative to -- BocaHoo91 06/15/2018 6:29PM It's just money. Spend all you want...we'll make more. ** -- Hokie5150 06/15/2018 5:01PM Why do you oppose economic growth? ** -- Shenhoo 06/15/2018 5:08PM All sorts of revenue will be coming in when the tariffs hit. ** -- HokieDelNorte 06/15/2018 4:46PM Agree ** -- Guy LeDouche 06/15/2018 4:00PM ..while at the same time praying he doesn't sabotage it with trade policy. ** -- hoolstoptheheels 06/15/2018 3:43PM Wilbur has assured him that tariffs will only make like a 1% difference -- Hoo TV 06/15/2018 4:08PM China is going to test that assumption. Another inflation factor. ** -- HoosWillWin 06/15/2018 4:42PM I assume we will get interest rate hikes soon -- KCHoo 06/15/2018 5:30PM Fed has hiked rates twice this year, including one this past Wed -- Stimp 06/15/2018 6:02PM Just got one (0.25, 1.75>2), with 2 more coming this year, for a total of 4** -- Hoo TV 06/15/2018 5:59PM It will be interesting to see where inflation goes. ** -- HoosWillWin 06/15/2018 3:42PM Didn't see this. Yes, a much shorter way of saying what I did above. ** -- HooBear 06/15/2018 6:53PM My biggest concern is how do we -- Shenhoo 06/15/2018 7:45PM Or Keynes for explaning long ago how deficit spending juices the economy. -- Shenhoo 06/15/2018 3:42PM Looks like a BAFSTV leaving that store...Nice ** -- Tuckahokie 06/15/2018 3:39PM