Deficit will fall 1.7 trillion in a year - the steepest deficit decline in American history

[Mac1958]

The rubes are told by MAGA media that they're experts in economics and markets, and so they believe it.

So, ignorant as they are, they celebrate a "man" who begged the Fed for EVEN MORE QUANTITATIVE EASING and EVEN LOWER INTEREST RATES after ALREADY enjoying (and bragging about the benefits) of TRILLIONS in help.

Nice to see the numbers. Results.

 

[CrusaderFrank]

They've already spent 5 billion dollars that we know of so far........most of that went to Zelenskyy for money laundering back into their private accounts.

Notice how Ukraine is out if the headlines. You can only imagine the extent of the corruption both there and in DC

 

[CrusaderFrank]

The rubes are told by MAGA media that they're experts in economics and markets, and so they believe it.

So, ignorant as they are, they celebrate a "man" who begged the Fed for EVEN MORE QUANTITATIVE EASING and EVEN LOWER INTEREST RATES after ALREADY enjoying (and bragging about the benefits) of TRILLIONS in help.

Nice to see the numbers. Results.

Biden also had record decreases in Putin gas prices right?

 

[Mac1958]

Biden also had record decreases in Putin gas prices right?

Results. You people don't know what you're talking about. Changing the subject won't help you.

 

[j-mac]

Remember when republicans wouldn’t stop complaining about the deficit under Obama? They stopped since we know the deficit blew up under Trump.

Now under Biden? Deficit will see steepest decline.

Why has the deficit fallen? in part because of the record job growth, reduced spending, and better revenue stream.

Biden administration forecasts $1.03T deficit, down $400B

The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic. In...

www.yahoo.com

Post saved to circle back around.

 

[j-mac]

Results. You people don't know what you're talking about. Changing the subject won't help you.

You agree with the OP? You think the debit clock is going to start going backwards? Mr. investment counselor?

 

[Mac1958]

You agree with the OP? You think the debit clock is going to start going backwards? Mr. investment counselor?

Please see post 61. You are an ignorant rube.

Get back to me when you've been in my business for 20+ years.

 

[Mac1958]

Remember when republicans wouldn’t stop complaining about the deficit under Obama? They stopped since we know the deficit blew up under Trump.

Now under Biden? Deficit will see steepest decline.

Why has the deficit fallen? in part because of the record job growth, reduced spending, and better revenue stream.

Biden administration forecasts $1.03T deficit, down $400B

The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic. In...

www.yahoo.com

This really triggered the rubes. Their metrosexual con man demigod spent and begged for free money like a 16 year old girl with Daddy's Gold Card. And how ironic is THAT. The SECOND time in his life he had done that.

NOTHING illustrates the arrogant ignorance of the rubes like economics and markets. The Dunning-Kruger Effect in all its freakin' glory.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

 

[Deplorable Yankee]

Uh boy
Lol

everything is wonderful with the adults in charge

 

[Harry Dresden]

thuggish trump increased the national debt faster than anyone before him despite the fact that he came to government after the miracle years of Barack Obama, who took charge of our country after bush left it in ruins. President Biden is bringing America back...

View attachment 686434

the miracle years?.....

 

[citygator]

Biden has reigned in spending and created an environment of economic rebounding leading to revenue!!!

100% guaranteed we’ll be under Trumps deficit next year continuing the century old promise that republicans fuck is and democrats cleanup.

 

[Aldo Raine]

We were discussing the deficit so we might as well remind ourselves which president made it the worse lol

That would be the guy that called HIMSELF "the King of Debt."
MAGA

 

[easyt65]

When have piticiabs ever put paying off massive amounts of debt over spending if they find themselves with a ton of cash?

When have piticians been interesting possession of a lot of cash and had no ideas on how to spend it other than on paying off the deficit / debt?

$1.7 trillion,you say.....IN 1 YEAR?
Whe doing stupid shit like paying off $300 million in student debt?



Paying off $1.7 trillion of our nearly$31 trillion dollar debt?


Great only approx $29 TRILLION until we are officially BROKE.

 

[AntonToo]

When have piticiabs ever put paying off massive amounts of debt over spending if they find themselves with a ton of cash?

When have piticians been interesting possession of a lot of cash and had no ideas on how to spend it other than on paying off the deficit / debt?

$1.7 trillion,you say.....IN 1 YEAR?
Whe doing stupid shit like paying off $300 million in student debt?



Paying off $1.7 trillion of our nearly$31 trillion dollar debt?


Great only approx $29 TRILLION until we are officially BROKE.

Paying off debt? Wtf? You seriously have no fucking idea what you are reading or saying.

The only thing happening is debt accumulation, at slower rate now relative to past two years.

 

[easyt65]

Paying off debt? Wtf? You seriously have no fucking idea what you are reading or saying.

The only thing happening is debt accumulation, at slower rate now relative to past two years.

Slower? How the hell do you figure?

Billions to Ukraine.

$300 Billion to pay off Student Debt

The budget deficit soared to $3.1 TRILLION due to the (failed) COVID Relief spending

$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

The government shortfall for the fiscal year that just ended was more than triple that of 2019. The national debt of $21 trillion now exceeds the size of the U.S. economy.

www.npr.org

Spending?

There are approximately 3.7 million unlawful immigrant households in the U.S. These households impose a net fiscal burden of around $54.5 billion per year. (Whose pockets is that coming out of? The governmennt's? Oh wait, the govt has no f* money it does not take from US...)

 

[22lcidw]

I know it. Facts you don’t like are painful so you laugh to hide your anguish.

So the many people who are worth 10% less and more in the last year alone are in a partying mood with your celebrations. The gay community has now two plagues in thirty years while there were calls to kill those who did not get the Covid shots.

 

[TNHarley]

Is this thread for real? Dude wanted to spend gobbs of money. He just couldnt.
This is why everyone thinks you are a joke, billy.

 

[Harpy Eagle]

YEAHBBBBUT TRUUUUUUUMP!

Fucking assclown.

It is pretty telling how not a one of you gave a flying fuck about spending or the deficit under Trump

 

[two_iron]

What, pulled the Republican economic wreck out of the ditch? Made the repairs necessary to get it running again, and back on the road.

The fucking moron is saying "I only beat my wife on Thursdays now!"

And you're applauding him like a trained seal.

You're predictable if nothing else.

 

[easyt65]

"When Joe Biden was sworn in as President of the United States on 20 January 2021, the U.S. national debt stood at $27.76 trillion. One year later, the total public debt outstanding of the U.S. government has ballooned by nearly $2.11 trillion (or 7.6%) to $29.87 trillion."

Today the Debt is $30.988 Trillion.

Do the math,boys and girls....

$30.9 - $27.7 = $3.3 Trillion ...the Biden administration has added to the debt in 1.5 years. (counting the interest racked up)

Biden and Democrats are on pace to add $6.6 TRILLION in new debt during his 4 year term.


How about all those politicians who have made MILLIONS in office (money laundering, Insider Trading, kich backs, dark money, etc....) give $1 million a year - even just once - to pay down the deficit THEY created?

How about their billionaire donors, like those Sinema just helped relieve their tax/investmwnt burden, donate a couple million to pay down the deficit?

How about instead of paying hundreds of millions on political campaigns (to buy elections) we cap campaign spending at a certain amount and use everything over that amount on paying down the debt?

How about every time a politician or govt agency employee (like FBI Director) is caught committing crimes )like violating the Patriot Act, defraiding the FISA Court, or illegally spying on Americans and Presidents), threatens a USSC Justice, or incites political assassination attempts they get HEAVILY FINED (since they never go to prison) and THAT money goes towards paying off the nation's debt?

Since Blue States have proven they don't need the money, how about we reinstate bail for criminals getting out of jail and all of that money goes toward paying down the national debt?

Simce Democrats love the envoronment so much and want to save the planet ... and country ... How about we institute a yearly carbon output tax on all of their carbon-belching private jets they love to fly around on whe entering us on how we have to save the planet?
- ALL if that money could go towards paying off our national debt.

How about we charge politicians whose illegal, Un-Constitutional policies result in massive illegal immigration that cost tax payers over $54 BILLION a year and every pitician who supports / votes for these policies and practices PERSONALLY have to pay a 'Policy Burden' tax - like a couple thousand dollars a year per 'hundred thousand' illegals that enter the country illegally each year?
- That way the US citizens are not the only ones burdened by the financial cost (not to mention rapes, pedophilia, human/sex trafficking,murder, theft, etc...) of the politicians' illegal alien agenda...AND THIS MONEY COULD GO TOWARDS PAYING OFF THE NATIONAL DEBT?

How about we charge politicians who support open borders - that allow an INSANE amount of fentanyl into the US (thanks to the Chinese and Cartels) which is causing the deaths of larfe number of deaths of Americans - a fine for all the fentanyl captured by Border Patrol / law enforcement attempting to making it into the US / making it into the US? The fines could be a percentage of the amount of the worth of tbe drugs seized - %5 sounds fair considering all the death / lives destroyed by this poison. Fine them.until they give a shit about the chemical war being Wageningen on the US by the ChiComs & Cartels and all the Americans being murdered.
- All of this money from fines can be used to pat down the debt ... OR BE DISTRIBUTED TO THE SURVIVIG FAMILY MEMBERS OF THOSE KILLED BY DRUG OVERDOSE, THAT POLITICIANS DON'T SEM TO CARE ABOUT.

ITS TIME TO GET SERIOUS ON PAYING DOWN THE DEBT, AND THESE IDEAS ARE ONLY SOME OF THE FREAT IDEAD TO HOLD THOSE RESPONSIBLE FOR IT ACCOUNTABLE AND HAVE THEM PAY FOR IT.

POLITICIANS WILL NEVER TAKE TBE DEBT SERIOUSLY, NEVER SERIOUSLY THINK AOUT IT, CONSIDER IT, OR CONSIDER SERIOUSLY ABOUT PAYING IT DOWN UNTIL IT AFFECTS THEM / HURTS THEM PERSONALLY!

Hey, here's another great idea:

For every spending bill politicians want to pass, mandate the GAO have to score the cost and determine how much money the bill would add to the National debt (if any), and mandate any politician that still wants to vote for the bill's passage must 1ST PERSONALLY pay for a percentage of the amount it will add to the debt (which will go to cover oart of the additional debt). This would show how badly these politicians want that spending bill, how important they think that debt addition is, and force them to have to invest more than their vote in the importance and passage of a spending bill.

Have them pay part of the cost instead of passing that costoentirely on to our grandkids and great grandkids!