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Post by stuart1974 on May 31, 2019 22:11:03 GMT
This is the kind of horse sh** that Brexiteers would have us believe Britain should take a lesson from Trump and slash taxes flip.it/AL9WqmUmm, and your debt profile Mr President? What about the state of public services? Resist this. Shock, horror......the US economy is booming. Only for some. The tax cuts were funded by borrowing which can't be sustainable and many low and middle incomes have stagnated. The rich have done well and GDP also takes into account inventories which companies have stockpiled, again it can't continue and will later have an effect on GDP. As akways, look beyond the headlines and it will paint a more mixed picture.
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Post by Deleted on Jun 1, 2019 6:09:10 GMT
Just for Nobby
"The U.S. government's public debt is now more than $22 trillion — the highest it has ever been. The Treasury Department data comes as tax revenue has fallen and federal spending continues to rise. The new debt level reflects a rise of more than $2 trillion from the day President Trump took office in 2017.
Despite being in the second-longest economic expansion since the post–World War II boom, the U.S. is projected to rack up annual deficits and incur national debt at rates not seen since the 1940s, according to the Congressional Budget Office.
Over the next 10 years, annual federal deficits — when Congress spends more than it takes in through tax revenues — are expected to average $1.2 trillion, which would be 4.4 percent of gross domestic product. That's far higher than the 2.9 percent of GDP that has been the average for the past 50 years."
One eyed economics. Like Brexit.
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Post by althepirate on Jun 1, 2019 7:29:59 GMT
Just for Nobby "The U.S. government's public debt is now more than $22 trillion — the highest it has ever been. The Treasury Department data comes as tax revenue has fallen and federal spending continues to rise. The new debt level reflects a rise of more than $2 trillion from the day President Trump took office in 2017. Despite being in the second-longest economic expansion since the post–World War II boom, the U.S. is projected to rack up annual deficits and incur national debt at rates not seen since the 1940s, according to the Congressional Budget Office. Over the next 10 years, annual federal deficits — when Congress spends more than it takes in through tax revenues — are expected to average $1.2 trillion, which would be 4.4 percent of gross domestic product. That's far higher than the 2.9 percent of GDP that has been the average for the past 50 years." One eyed economics. Like Brexit. Oldie,could you ask your source of information who is gonna win the Derby pls?
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Post by Deleted on Jun 1, 2019 7:47:25 GMT
Just for Nobby "The U.S. government's public debt is now more than $22 trillion — the highest it has ever been. The Treasury Department data comes as tax revenue has fallen and federal spending continues to rise. The new debt level reflects a rise of more than $2 trillion from the day President Trump took office in 2017. Despite being in the second-longest economic expansion since the post–World War II boom, the U.S. is projected to rack up annual deficits and incur national debt at rates not seen since the 1940s, according to the Congressional Budget Office. Over the next 10 years, annual federal deficits — when Congress spends more than it takes in through tax revenues — are expected to average $1.2 trillion, which would be 4.4 percent of gross domestic product. That's far higher than the 2.9 percent of GDP that has been the average for the past 50 years." One eyed economics. Like Brexit. Oldie,could you ask your source of information who is gonna win the Derby pls? I can only give you one tip Al, Ignorance never won anything. Trust that helps.
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Post by Officer Barbrady on Jun 1, 2019 8:33:33 GMT
I can imagine Al and I hope this never happens to you, when the debt collectors arrive after you spiralling up a huge debt, you shouting through the door that it would be impossible for them to recover anything because they are just opinions.
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Post by Deleted on Jun 1, 2019 9:10:09 GMT
I can imagine Al and I hope this never happens to you, when the debt collectors arrive after you spiralling up a huge debt, you shouting through the door that it would be impossible for them to recover anything because they are just opinions. 🤣🤣🤣🤣 Except in the case of the American debt racked up by Trump, it's a material fact.
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Post by althepirate on Jun 1, 2019 9:13:51 GMT
I can imagine Al and I hope this never happens to you, when the debt collectors arrive after you spiralling up a huge debt, you shouting through the door that it would be impossible for them to recover anything because they are just opinions. Officer you are confusing reality with opinion. I know it's comforting for many people to read, inwardly digest the 'experts' view of the future especially when it's in printed form. The vacuum created by the 'fear of the unknown' is filled with many 'who know the future' The Bible and religion has got away with it and continues to do so, it's a useful crutch for those who cannot face reality which is quite simply we don't know what the future is. The only thing we can do is make a calculated guess (opinion). In the meantime the media including the newspapers make a fortune soothing the fears of their believers.
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Post by Officer Barbrady on Jun 1, 2019 9:29:55 GMT
I can imagine Al and I hope this never happens to you, when the debt collectors arrive after you spiralling up a huge debt, you shouting through the door that it would be impossible for them to recover anything because they are just opinions. Officer you are confusing reality with opinion. I know it's comforting for many people to read, inwardly digest the 'experts' view of the future especially when it's in printed form. The vacuum created by the 'fear of the unknown' is filled with many 'who know the future' The Bible and religion has got away with it and continues to do so, it's a useful crutch for those who cannot face reality which is quite simply we don't know what the future is. The only thing we can do is make a calculated guess (opinion). In the meantime the media including the newspapers make a fortune soothing the fears of their believers. I put it to you that the earth is flat. Tell me my opinion is as valid as yours that it is not.
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Post by althepirate on Jun 1, 2019 9:55:42 GMT
Officer you are confusing reality with opinion. I know it's comforting for many people to read, inwardly digest the 'experts' view of the future especially when it's in printed form. The vacuum created by the 'fear of the unknown' is filled with many 'who know the future' The Bible and religion has got away with it and continues to do so, it's a useful crutch for those who cannot face reality which is quite simply we don't know what the future is. The only thing we can do is make a calculated guess (opinion). In the meantime the media including the newspapers make a fortune soothing the fears of their believers. I put it to you that the earth is flat. Tell me my opinion is as valid as yours that it is not. I thought we were discussing the future not the present. Of course all opinions are to be respected. Spend a Saturday afternoon listening to the experts on sporting occasions, surely if they 'knew' the future they would all have the same answer and of course that answer would prove to be correct?
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Post by althepirate on Jun 1, 2019 10:10:12 GMT
Oldie,could you ask your source of information who is gonna win the Derby pls? I can only give you one tip Al, Ignorance never won anything. Trust that helps. I completely agree Oldie and the truth is obtained by facing reality.
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Post by Deleted on Jun 1, 2019 10:30:37 GMT
I can only give you one tip Al, Ignorance never won anything. Trust that helps. I completely agree Oldie and the truth is obtained by facing reality. Agreed. The reality of the USA priming their economy by borrowing huge amounts of money, when the economy would be growing anyway, is a bomb for future generations. That's reality. Like walking away from trade deals with 87 countries, that's a bomb.
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Post by althepirate on Jun 1, 2019 11:02:16 GMT
I completely agree Oldie and the truth is obtained by facing reality. Agreed. The reality of the USA priming their economy by borrowing huge amounts of money, when the economy would be growing anyway, is a bomb for future generations. That's reality. Like walking away from trade deals with 87 countries, that's a bomb. Opinion.
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Post by Deleted on Jun 1, 2019 12:04:02 GMT
Agreed. The reality of the USA priming their economy by borrowing huge amounts of money, when the economy would be growing anyway, is a bomb for future generations. That's reality. Like walking away from trade deals with 87 countries, that's a bomb. Opinion. The actual debt value is a material fact, not my opinion. Leaving the EU will cancel the current free trade arrangement with 27 countries and remove us from the treaties with 60 others. This again is a fact, not my opinion.
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Post by Deleted on Jun 1, 2019 13:16:08 GMT
I can imagine Al and I hope this never happens to you, when the debt collectors arrive after you spiralling up a huge debt, you shouting through the door that it would be impossible for them to recover anything because they are just opinions. The fact that the US economy is booming is not opinion, it's a fact. Future downturn is predicted based on an opinion, that is also a fact.
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Post by Deleted on Jun 1, 2019 14:19:52 GMT
I can imagine Al and I hope this never happens to you, when the debt collectors arrive after you spiralling up a huge debt, you shouting through the door that it would be impossible for them to recover anything because they are just opinions. The fact that the US economy is booming is not opinion, it's a fact. Future downturn is predicted based on an opinion, that is also a fact. Not sure anyone predicted a downturn in the American Economy, what was predicted was the future debt racked up by the States at it's current run rate. What is fact is that Trump has added $2Trillion to the debt pile since he came to offices because of tax cuts and deficit spending. Micky Mouse could boost an economy by pumping someone else's money into it. Fact.
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Post by althepirate on Jun 1, 2019 14:36:32 GMT
The fact that the US economy is booming is not opinion, it's a fact. Future downturn is predicted based on an opinion, that is also a fact. Not sure anyone predicted a downturn in the American Economy, what was predicted was the future debt racked up by the States at it's current run rate. What is fact is that Trump has added $2Trillion to the debt pile since he came to offices because of tax cuts and deficit spending. Micky Mouse could boost an economy by pumping someone else's money into it. Fact. Fact is the present, future is an opinion.
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Post by Officer Barbrady on Jun 1, 2019 15:25:16 GMT
Not sure anyone predicted a downturn in the American Economy, what was predicted was the future debt racked up by the States at it's current run rate. What is fact is that Trump has added $2Trillion to the debt pile since he came to offices because of tax cuts and deficit spending. Micky Mouse could boost an economy by pumping someone else's money into it. Fact. Fact is the present, future is an opinion. This existential nonsense is too much for me. Tomorrow is Sunday. I'll drink water, dispose of the trifle I'm currently enjoying. The sunflower I've been growing will be a little taller. I'll be preparing my paper for the presentation on Monday. I'll be sunburned.
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Post by Deleted on Jun 1, 2019 16:22:31 GMT
Fact is the present, future is an opinion. This existential nonsense is too much for me. Tomorrow is Sunday. I'll drink water, dispose of the trifle I'm currently enjoying. The sunflower I've been growing will be a little taller. I'll be preparing my paper for the presentation on Monday. I'll be sunburned. Its unreal isn't it officer. How long will some squirm when faced with what is right in front of them?
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Post by Deleted on Jun 1, 2019 16:34:18 GMT
This existential nonsense is too much for me. Tomorrow is Sunday. I'll drink water, dispose of the trifle I'm currently enjoying. The sunflower I've been growing will be a little taller. I'll be preparing my paper for the presentation on Monday. I'll be sunburned. Its unreal isn't it officer. How long will some squirm when faced with what is right in front of them? You are just making an economic prediction. The fact is, under Trump, whether you like it or not, the US economy is booming! Go on, admit it.
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Post by Deleted on Jun 1, 2019 16:41:25 GMT
Its unreal isn't it officer. How long will some squirm when faced with what is right in front of them? You are just making an economic prediction. The fact is, under Trump, whether you like it or not, the US economy is booming! Go on, admit it. I am predicting nothing other than the fact that a lot of debt plus interest will have to be paid back over the coming decades. Trump, in just over two years has overseen a growth of $2 Trillion to the debt pile. Micky Mouse could stoke an economy with that sort of stimulus. Go on, admit it.
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