happyhoix
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Post by happyhoix on Sept 10, 2018 15:10:04 GMT -5
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Value Buy
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Joined: Dec 20, 2010 17:57:07 GMT -5
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Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
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Post by Value Buy on Sept 12, 2018 12:46:39 GMT -5
Quotes removed as quoted posts have been removed. - mmhmm, Politics Moderator Darn, I started this thread and I missed all the diversionary tactics used to misdirect a thread?
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happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 21,744
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Post by happyhoix on Sept 12, 2018 13:36:52 GMT -5
Sure... Obama doubled the total debt during his administration. You do know the difference between the total debt and the spending deficit don't you ? That doesn't even take into account approximately four trillion in in currency devaluation Obama enabled, that ended up into the pockets of the wealthy.
thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b
Revenue rose only 1%, failing to keep up with a 7% surge in spending, thanks to Trump's tax cut on corporations and the GOP no longer giving two shits about over spending. Deficits will most likely >1 trillion before the end of the year, earlier than the economists had predicted.
I thought the tax cuts would heat up the economy, our deficit would become a surplus, and Trump would be carried through the town on a bed of roses as we celebrated getting sick of winning?
Did someone lie to me?
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dezii
Distinguished Associate
Joined: May 18, 2017 14:26:36 GMT -5
Posts: 20,671
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Post by dezii on Sept 13, 2018 11:40:53 GMT -5
thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b
Revenue rose only 1%, failing to keep up with a 7% surge in spending, thanks to Trump's tax cut on corporations and the GOP no longer giving two shits about over spending. Deficits will most likely >1 trillion before the end of the year, earlier than the economists had predicted.
I thought the tax cuts would heat up the economy, our deficit would become a surplus, and Trump would be carried through the town on a bed of roses as we celebrated getting sick of winning?
Did someone lie to me?
Considering that it will add to the public debt at a rate somewhat slower than Obama's ten trillion in eight years It brings full circle and right back to my original statement that started this discussion. "Not that big of a difference between the two administrations" Post was deleted for whatever. As an aside, Nafta running free reign under Obama helped this cat stay very fat. When he was enabling Quantitative Easing to "stimulate" the economy. All he did was stimulate this fat cats bottom line, as I got out of that value losing cash, and into cheap land/housing, at after the bubble crash prices, and stocks in mid 2009. I bought so many small ranches that failed, I lost count. I leased more than half of my land holdings to cover the rising property, tax and the lessees raised their food prices before shipping food to the cities to cover my lease rates. At the peak of my 'land thing' 2011/2012, I owned over ten thousand acres free and clear with over seven thousand in lease. Like his 2 billion car tax rebate, where 70% went to overseas companies... Obama was the 'king' of the unintended consequence. Worked for me. Seems u emulate the Donald on patting oneself on the back and brag about what a sharp business guy u both are...[can see your tax returns?]...Good for u if true...if not....well......
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happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 21,744
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Post by happyhoix on Sept 13, 2018 11:44:05 GMT -5
thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b
Revenue rose only 1%, failing to keep up with a 7% surge in spending, thanks to Trump's tax cut on corporations and the GOP no longer giving two shits about over spending. Deficits will most likely >1 trillion before the end of the year, earlier than the economists had predicted.
I thought the tax cuts would heat up the economy, our deficit would become a surplus, and Trump would be carried through the town on a bed of roses as we celebrated getting sick of winning?
Did someone lie to me?
Considering that it will add to the public debt at a rate somewhat slower than Obama's ten trillion in eight years It brings full circle and right back to my original statement that started this discussion. "Not that big of a difference between the two administrations" Post was deleted for whatever. As an aside, Nafta running free reign under Obama helped this cat stay very fat. When he was enabling Quantitative Easing to "stimulate" the economy. All he did was stimulate this fat cats bottom line, as I got out of that value losing cash, and into cheap land/housing, at after the bubble crash prices, and stocks in mid 2009. I bought so many small ranches that failed, I lost count. I leased more than half of my land holdings to cover the rising property, tax and the lessees raised their food prices before shipping food to the cities to cover my lease rates. At the peak of my 'land thing' 2011/2012, I owned over ten thousand acres free and clear with over seven thousand in lease. Like his 2 billion car tax rebate, where 70% went to overseas companies... Obama was the 'king' of the unintended consequence. Worked for me. Um, well, ok, glad you were able to make your personal fortune, happy that worked out for you.
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dezii
Distinguished Associate
Joined: May 18, 2017 14:26:36 GMT -5
Posts: 20,671
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Post by dezii on Sept 13, 2018 12:48:15 GMT -5
Seems u emulate the Donald on patting oneself on the back and brag about what a sharp business guy u both are...[can see your tax returns?]...Good for u if true...if not....well...... You've tried this route before... I embarrassed the hell out of you in regards to taxes, and what your son had to pay while he has to work for someone else, instead of being in business for himself. You want to do this again ? So maybe you can trip me up into making a 'credible' threat about something ? Background on why I use 'credible'; I can get a warning bar increase for stating that I can cut/paste anyone's post on this public forum, and use it for what I wish off the forum. Of course anyone can do this at any time, even non members of this forum. That's why you can't use personal information here.Of course that seems to be forgotten when there are inherent differences that need taking care of, in regards to dialogue. I've seen that using credible can mean 'anything'. So I won't be answering your question about my taxes/asset level. (again) Of course you yourself can go back to posts I made when I first joined this forum, when MSN market talk closed down and I have continually made references to buying property surrounding several towns. You might even remember my jokes about being a charter member of the 'Inland Land Owners Association' in regards to those global warming/flooding threads. "You've tried this route before... I embarrassed the hell out of you in regards to taxes, and what your son had to pay while he has to work for someone else, instead of being in business for himself."?...Huh..u did? Link please because I don't know what the hell your flapping your lips about..I am way to old to be embarrassed about anything...believe u got me confused with some one else...
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OldCoyote
Senior Associate
Joined: Dec 21, 2010 10:34:48 GMT -5
Posts: 13,449
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Post by OldCoyote on Sept 15, 2018 9:39:53 GMT -5
That's funny, while the other talk, you have made money!
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