Posted on 12/16/2018 9:19:51 AM PST by Java4Jay
Crickets from Washington
Zzzzzzz
This is just the beginning.
Thank God for Credit Money and Central Banking, otherwise Bread would still be 10 cents and a gallon of milk would still be 60 cents like it was before Nixon closed the Gold Window and put us on the Path of Serfdom with the Bankers firmly in charge
Obviously, Trump’s fault.
The insane asylum of our era.
Remember almost half of it was added by Obama
We aren’t paying it back. Nobody wants to admit it just yet, but we aren’t paying.
We will do what every third world country does. We will issue a “new dollar” and the “old dollar” will be shifted a couple of decimal points. So 22 Trillion will become 220 Billion new dollars that will be promptly printed and exchanged for “old dollar” debts.
Oh, Your paychecks and savings will also be shifted a couple of decimal points too.
Problem solved.
Unfunded liabilities will remain unfunded.
Your expectations for what those liabilities cover, if you are a recipient will need to be recalibrated downward significantly
“Dollar inflation. Lot’s of it.”
Well, or course! I was just thinking of the order in which Congress MIGHT take action. But they won’t, so you’re most likely right. And, as usual, We The People, LOSE. :(
Government won’t turn on a dime unless the people do a wholesale change of how it works. There is no way short of insurrection that will return power to the people in single generation.
If our debt turns down before the three trillion mark, Trump will have performed a miracle.
Seems like I read it’s down to about $650b per year at this time.
I don’t think the economy has taken off to the full extent yet. In the next few years federal income should rise.
The question is, will Trump be able to keep Congressional spending in line?
I agree with others that Obama would have ballooned out the debt much further than Trump supposedly has by now.
Congress is the spending entity. The president can impact that favorably though.
Wonder if they could not incentivize savings—for individual employees...Personal gain could be a great motivator...Like offering perks such as close parking,tickets to something a trip somewhere for realized departmental savings...
Saving money, and having employees do it because they want to...
The FY2018 deficit was $780 billion. The deficit for the first two months of FY2019 was $305 billion. There is little doubt the deficit will break a trillion easy.
I don’t think the economy has taken off to the full extent yet. In the next few years federal income should rise.
The growth of the economy over the past year was the best it's been in may years. Federal income rose over 2017 but spending rose at a higher rate.
The question is, will Trump be able to keep Congressional spending in line?
He hasn't even tried.
“Well, or course! I was just thinking of the order in which Congress MIGHT take action. But they won’t, so you’re most likely right.”
Sorry, I didn’t mean to be a debbiedowner. Ya never know, congress might get it right, someday.
“And, as usual, We The People, LOSE. :(”
Not necessarily, do you own a house? Hold on to it. Inflation can make you rich if you buy and hold the right stuff.
I’m really sorry how irate you are at Trump’s failures...
The chickens are gathering and they will start coming home soon.
5% on military and vets benefits? 5% on social security? 5% on everything else? I am all for it, but it will never happen.
If they just froze everything for three years, we would be OK.
Saving money? You mean giving money to banks that can be loaned out at 80:1? Yes, let’s do all that.
Or you could buy stocks that are inflated. Or invest in land, where property taxes are out of control.
Or just pay off your debts, buy gold and keep your head down and pointed in the right direction.
Crickets from liberals as it was being raised more than any other president under Obama.
More disappointed than irate. I had hoped for better after what he said about the deficit during the campaign.
We weren’t going to get anything near this good from anyone else. None of them had the business acumen to do what he has done.
I do believe we will be a lot better off with him than we would have been otherwise.
I don’t want deficit spending either. Who could have done better?
I am really curious what is going on with the stick market. We have a good economy and it’s acting like the end of the world is coming.
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