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Nice. No link to a bat shit crazy con site this time, dipshit. So, you are not capable of understanding that the deficit is shrinking???BTW You leftist Idiot.
If our current operating costs for 2 months of bills are about 300 Billion a month when you add in the Interest on the debt, with REVENUES AT 200 BILLION A MONTH currently, how much actual debt will we incure in those 2 months.
You do know how to add and subtract don't you.....................
In 2 Standard months as stated you'd be 200 BILLION IN THE HOLE with 400 Billion in Revenues............
But WAIT.............The GOP offered 988 BILLION to pay 2 months. The Dems wanted over a Trillion for 2 months.
That's an extra 400 BILLION in debt over and above the cost's per month for doing business. Which if you can FREAKIN ADD brings us to a total of 600 BILLION OF NEW DEBT.
Why is this? As I've already said and proved through the Treasury Dept. site...............They've been cooking the books since May...................
And now we owe money from the past to pay for the Creative Accounting.
If you can't add and subtract data. I suggest you get an Elementary School child to teach you.
That would be per the CBO. What is your source, me boy???
And, what do you think people are going to have to pay back??? Who should they write their check to, me boy. Even if you can not understand deficits and national debt of a sovereign nation (And obviously you can not) you may be interested in looking at history, and you will find, if you were cogent (OOOPS, forgot who I was talking to) that the national debt and the deficit pretty much always decrease when there is full employment. Now, understand, me boy, that the national debt always increases due to inflation and increases in population, so I am speaking in terms of as a percentage of GDP.
Way to much for you. You need to go worship reagan some more. You poor ignorant clown.
But...he just did insult you, Joe.
But...he just did insult you, Joe.
No, he attempted to insult me....
Yes, indeed. The gdp took off AFTER reagan saw the value in stimulus spending. But not before. So, in escence, you just admitted that it is a good thing to follow Reagan's policy from 1982 forward, which was to borrow like crazy, triple the national debt, in order to spend stimulatively. And the results you may receive are a really good economy. Thanks for agreeing with me. Sorry that you can not see the folly of his original tax decrease in Feb of 1981. When unemployment was high. And that it helped push unemployment to a new high. But at least you see that the fact that your hero raised taxes after that point, borrowed like crazy to support stimulus spending, worked for him. Good for you. Oh, and by the way, you forgot to mention that he pushed volker out as hard as he could. He was gone before the end or ronnie's term. funny how you missed that.REAGAN - CAN HE CURE INFLATION? - NYTimes.com
The list is a formidable one, including double-digit inflation, double-digit interest rates, lagging savings and investment, sluggish productivity growth, chronic unemployment and a loss by some American industries, such as autos and steel, of the ability to compete in world markets.
Mr. Reagan's problem is more complex than was Mr. Roosevelt's, since chronic inflation - partly a consequence of the Keynesian revolution - is combined with the problems of unemployment and slow or no growth.
With real gross national product growing by no more than 1 percent in 1981, the unemployment rate, which averaged 7.3 percent in 1980, is likely to rise above 8 percent and stay there through most of 1981.
Economy in The Reagan Era
Slaying the Dragon
Before prosperity, however, there would be a bit more pain. Through most of the first two years of Reagan's first term, Americans already battered by the stagflation of the 1970s had to endure the sharpest recession in decades. The severity of the downturn was largely a consequence of Federal Reserve Chairman Paul Volcker's determination to end the devastating inflationary trends of the 1970s by any means necessary. Following the monetarist teachings of influential University of Chicago economist Milton Friedman, Volcker resolved to "slay the inflationary dragon" by sharply curtailing the growth of the money supply. That monetary contraction, imposed starting in 1980, succeeded in its primary objective; the inflation rate fell from a devastating high of 13.5% in 1980 to just 3.2% by 1983.19 However, it also produced a sharp jump in real interest rates that contributed to the brutal recession of 1981-82. The national unemployment rate exceeded 10% throughout 1982, rendering more Americans jobless than at any time since the Great Depression. (Not coincidentally, President Reagan's public approval rating bottomed out at just 35% that same year.)
To his great credit, however, Reagan stuck by Volcker even when it would have been politically expedient for him to pressure the Fed Chairman to expand the money supply to provide a short-term boost to the economy. Both men's patience paid off after 1983, whenwith inflation under control at lastthe economy began growing again. That growth continued, unabated, through the rest of Reagan's two-term presidency, marking the longest peacetime period of unbroken economic expansion yet seen in American history. (An even longer boom would occur a decade later, during a Bill Clinton presidency that largely followed Reagan's lead in economic policy.) Overall, between 1981 and 1989, real GDP per capita increased by nearly 23%; in the same span of time, the value of the stock market more than tripled.20
Did you notice, as I have told you, that after full employment the national debt decreased as a percent of gdp. And that under Clinton, we had deficit's??? Just wondered if you noticed that. But not under reagan. Hell, he ran the deficit up every year, on the way to tripling the national debt. Which, by the way, caused him to have a good economy.
This thread is and remains about a NUMBER you will not allow the debt to climb past....either simpy write a NUMBER or get out. This is my thread and that's what is required to remain here.
i respect your position, and will with hold the data i was about to post per your request.
you of course, are exempt from the rule because you're crushing these weenies with the truth about how we got to where we are. Please continue.
i respect your position, and will with hold the data i was about to post per your request.
you of course, are exempt from the rule because you're crushing these weenies with the truth about how we got to where we are. Please continue.
semper fi!
Yes, indeed. The gdp took off AFTER reagan saw the value in stimulus spending. But not before. So, in escence, you just admitted that it is a good thing to follow Reagan's policy from 1982 forward, which was to borrow like crazy, triple the national debt, in order to spend stimulatively. And the results you may receive are a really good economy. Thanks for agreeing with me. Sorry that you can not see the folly of his original tax decrease in Feb of 1981. When unemployment was high. And that it helped push unemployment to a new high. But at least you see that the fact that your hero raised taxes after that point, borrowed like crazy to support stimulus spending, worked for him. Good for you. Oh, and by the way, you forgot to mention that he pushed volker out as hard as he could. He was gone before the end or ronnie's term. funny how you missed that.REAGAN - CAN HE CURE INFLATION? - NYTimes.com
The list is a formidable one, including double-digit inflation, double-digit interest rates, lagging savings and investment, sluggish productivity growth, chronic unemployment and a loss by some American industries, such as autos and steel, of the ability to compete in world markets.
Mr. Reagan's problem is more complex than was Mr. Roosevelt's, since chronic inflation - partly a consequence of the Keynesian revolution - is combined with the problems of unemployment and slow or no growth.
With real gross national product growing by no more than 1 percent in 1981, the unemployment rate, which averaged 7.3 percent in 1980, is likely to rise above 8 percent and stay there through most of 1981.
Economy in The Reagan Era
Slaying the Dragon
Before prosperity, however, there would be a bit more pain. Through most of the first two years of Reagan's first term, Americans already battered by the stagflation of the 1970s had to endure the sharpest recession in decades. The severity of the downturn was largely a consequence of Federal Reserve Chairman Paul Volcker's determination to end the devastating inflationary trends of the 1970s by any means necessary. Following the monetarist teachings of influential University of Chicago economist Milton Friedman, Volcker resolved to "slay the inflationary dragon" by sharply curtailing the growth of the money supply. That monetary contraction, imposed starting in 1980, succeeded in its primary objective; the inflation rate fell from a devastating high of 13.5% in 1980 to just 3.2% by 1983.19 However, it also produced a sharp jump in real interest rates that contributed to the brutal recession of 1981-82. The national unemployment rate exceeded 10% throughout 1982, rendering more Americans jobless than at any time since the Great Depression. (Not coincidentally, President Reagan's public approval rating bottomed out at just 35% that same year.)
To his great credit, however, Reagan stuck by Volcker even when it would have been politically expedient for him to pressure the Fed Chairman to expand the money supply to provide a short-term boost to the economy. Both men's patience paid off after 1983, whenwith inflation under control at lastthe economy began growing again. That growth continued, unabated, through the rest of Reagan's two-term presidency, marking the longest peacetime period of unbroken economic expansion yet seen in American history. (An even longer boom would occur a decade later, during a Bill Clinton presidency that largely followed Reagan's lead in economic policy.) Overall, between 1981 and 1989, real GDP per capita increased by nearly 23%; in the same span of time, the value of the stock market more than tripled.20
So, the national debt tripled, and we must have seen the economy crash, right?? No??? How come, me boy. You are telling us all that it is about to.
Did you notice, as I have told you, that after full employment the national debt decreased as a percent of gdp. And that under Clinton, we had deficit's??? Just wondered if you noticed that. But not under reagan. Hell, he ran the deficit up every year, on the way to tripling the national debt. Which, by the way, caused him to have a good economy.
But...he just did insult you, Joe.
No, he attempted to insult me....the difference being when an individual is mentally ill and standing on a traffic island calling me names for ignoring his begging, I don't see it as an insult. More like a call for help.....which of course I don't answer. I know a woman who used to hold up a dollar to these types and when they raced over to her car, she maced them. By comparison I see myself as a gentle soul who tolerates gutless ninnies like you and this Dildo_Te doorknob. Hope that helps.
p.s. Joe sends you his regards
(whoever Joe is)
This thread is and remains about a NUMBER you will not allow the debt to climb past....either simpy write a NUMBER or get out. This is my thread and that's what is required to remain here.
This thread is and remains about a NUMBER you will not allow the debt to climb past....either simpy write a NUMBER or get out. This is my thread and that's what is required to remain here.
This thread is and remains about a NUMBER you will not allow the debt to climb past....either simpy write a NUMBER or get out. This is my thread and that's what is required to remain here.
What are you prepared to cut to reduce the debt?
At what point is it TOO MUCH?
20 TRILLION
30 TRILLION
When is enough enough..........................
Government - Interest Expense on the Debt Outstanding
Interest on the debt for this year at 395 BILLION and climbing.
Please disregard the 167 BILLION in payments from Secretary Lew from May until now, as they were paid by the SAME BEANS THAT GAVE JACK A BEANSTOCK................
You see, it's magical when ruled by Obama.
neko ashi dachi
