The economy of 2017 according to the census burea

[Value Buy]

Remember when talking and writing heads of the mass media outlets said Trump would economically destroy the country if he became President? Well all you never Trumpers can breath a huge sigh of relief and go on to actual real world issues problems both in your lives as well as the world!

TYIA

www.cnbc.com/2018/09/12/median-household-income-climbs-to-new-high-of-61372.html



I am in such a good mood over the economy I will readily admit President Obama had the economy improving despite his mandated insurance program and burying industry in red tape regulation hell.

Trump just straightened it out for him and improved it!

[happyhoix]

I just posted this on another thread, but you should see this, too.

thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b

You're the 20 something spending $500 on cute shoes and $800 on a fabulous new phone when you're living in a house that is going to be foreclosed.

Whatever happened to the GOP being the party of fiscal responsibility?

Sorry to crush your bubble, but the 'red hot' economy that would surge into overdrive and magically turn the deficit into a surplus - isn't.

[OldCoyote]

Yea, it's amazing when it was exploding under Obama, it was Good,, When it is going up, temporarily under Trump it is bad

[Opti]

Sept 12, 2018 13:54:40 GMT -5 happyhoix said:

I just posted this on another thread, but you should see this, too.

thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b

You're the 20 something spending $500 on cute shoes and $800 on a fabulous new phone when you're living in a house that is going to be foreclosed.

Whatever happened to the GOP being the party of fiscal responsibility?

Sorry to crush your bubble, but the 'red hot' economy that would surge into overdrive and magically turn the deficit into a surplus - isn't.

From your URL, how not to balance a budget...

Revenue from individual and payroll taxes was up some $105 billion, or 4 percent, while corporate taxes fell $71 billion, or 30 percent.

[happyhoix]

Sept 13, 2018 8:29:16 GMT -5 OldCoyote said:

Yea, it's amazing when it was exploding under Obama, it was Good,, When it is going up, temporarily under Trump it is bad

I complained the whole time under Obama that we weren't doing enough to address our deficit.

I was told that the government needed to be in a 'spending mode' to dig out from a recession. I'm not sure I believe that.  The GOP sure didn't - they did nothing but bitch about how much our deficit was increasing.

Then  Trump comes along promising a 'red hot' economy that would magically pay back all our deficit. And it might have, if he hadn't pushed for his big tax windfall for his millionaire buddies.  You're supposed to use the 'good' economic times to spend down the deficit, so that when the economy turns (and it will) you're not sitting on an immense pile of IOU's.  We're not doing that - we're spending like drunken sailors, and I can't think of a single GOP congressperson who has the guts to come out and say we're stupid to do it.

So we're golden, until the economy does it's next down turn - or until we get into a major pissing contest with China, and they decide to stop buying our treasury bills anymore. Then we're completely fucked.

#MAGA