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We are on our way
Topic Started: Jun 14 2018, 11:26 PM (85 Views)
Stoned
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Fire & Ice Senior Diplomat
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Pack up your pack.
And when we go
We won't come back
How can we go
We haven't got a dime
But we're going
Gonna have a happy time

The Treasury Department, in its Financial Report for fiscal 2017, which it just released, and which was silenced to death by the media, shows where that money came from and where it went. Now, just add the tax cuts and the ballooning expenditures.


And it just continues to get worse as the "fiscal conservatives" (our newest oxymoron) continue on their spendthrift ways.
http://www.businessinsider.com/us-national-debt-spiked-1-trillion-in-less-than-6-months-2018-2
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Pat
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Nothing new here, the last administration ran up $trillions in debt and so did the one before that. Same old same old. I don't care anymore and neither do you.
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Stoned
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Pat
Jun 15 2018, 12:39 AM
Nothing new here, the last administration ran up $trillions in debt and so did the one before that. Same old same old. I don't care anymore and neither do you.
I think whatever chance we had is gone . We had a really good chance of turning things around in 2000. Actually heading for a surplus. Then came the stupid war. There are those who say there really wasn't a surplus but Bush maintained that surplus would pay for his war.

At any rate aside from fighting a never ending war they decided to have a couple of tax cuts also. Wars are no longer enough to keep our economy running. So they say anyway.

Obama at least had the excuse of huge global recession to justify his deficits. Trump pours a huge tax cut on top of an economy with almost full employment and the lowest tax rate in fifty years. The results are coming in as the Fed will probably raise interest rates at least twice more this year. New money and the turnover of old with these new rates will be very expensive. There will be inflation and the big boys will be eying the economy that has had its income slashed and it expenses put on steroids.

I see a recession in two years, or less..

Whatever happened to those "fiscal conservatives"? I can see the rise of these old/new conservatives as they begin shouting that the only way to fix the deficit is to cut social security, medicare and medicaid.

Perhaps that was the goal all the way.
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Brewster
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Stoned, will you never learn?

You keep dealing in reality like that, and you'll soon be accused of Anti-Americanism, like we Canadians are.

That may soon be a capital offence.
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Berton
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Tax receipts are higher for this last May than it was last year. How do you explain that?

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Stoned
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Berton
Jun 15 2018, 03:17 AM
Tax receipts are higher for this last May than it was last year. How do you explain that?

Looking good! ROFLMFAO!!!!!!!



https://ycharts.com/indicators/monthly_us_treasury_receipts
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Brewster
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Well, how about that?

Berton lied again!

I'm shocked! Shocked, I tell you!
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Berton
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Excuse me, it was April.

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Berton
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The U.S Economy Soars Above Europe and Asia as Trade Disputes Grow
62
We're up here, they're down there.
SAUL LOEB/AFP/Getty Images
14 Jun 201882
No wonder so many of America’s trading partners are unhappy with the Trump administration’s economic policies.

With just a couple of weeks left in the second quarter, it is clear that the U.S. economy has picked up the pace while economies across Europe and Asia have slowed in the second quarter.

The Fed’s median projection for this year is a 2.8 percent expansion, short of the Trump administration’s three percent goal. But that would be the best annual performance for the economy since 2005, prior to the housing bust, the financial crisis, and the Obama administration’s ill-fated stimulus attempts.

The news for the second quarter looks even better. J.P. Morgan economists see the economy growing at four percent for the quarter. Macroeconomic Advisers forecast 4.4 percent. The Atlanta Fed’s GDPNow forecast hit 4.8 percent Thursday......

LINK

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Jim Miller
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Boy, Berton, that is terrible news.....for the hate-filled liberals.
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