-  [WT]  [Home] [Manage]

[Return] [Entire Thread] [Last 50 posts]
Posting mode: Reply
Name
Email
Subject   (reply to 117874)
Message
File
File URL
Embed   Help
Password  (for post and file deletion)
  • Supported file types are: GIF, JPG, PNG, WEBM
  • Maximum file size allowed is 5120 KB.
  • Images greater than 300x300 pixels will be thumbnailed.
  • Currently 669 unique user posts.

  • Blotter updated: 2017-02-04 Show/Hide Show All

PBE Shield Stickers and Deagle Boltface Patches On Sale Now!



File 151778562870.jpg - (21.57KB , 640x360 , donaldtrump_0_24.jpg )
117874 No. 117874 ID: 31d098
>after 3 more years it will be up to $2.5 trillion dollar a year!
>thanks obama!
The Treasury Department is on track to borrow nearly $1 trillion this fiscal year, almost double the amount the federal government borrowed last year, The Washington Post reported Saturday.

The government is likely to borrow $955 billion during this fiscal year, which is the first full fiscal year under President Trump. The government last year borrowed $519 billion, the Post noted, adding that the increase was attributed primarily to the "fiscal outlook."

The Treasury Department last week released its estimates for how much it would need to borrow for the next two quarters.

The report came the same day that the Congressional Budget Office (CBO) moved up its projected deadline for when the Treasury would run out of cash, citing the Republican tax overhaul.
The nonpartisan budget scorekeeper had estimated in November that the Treasury would run out of cash in late March or early April. After Trump signed the tax-cut law in December, however, the CBO revised its estimate to the first half of March.

If the Treasury Department runs out of cash, the government would delay payments, default on its debt or both, the CBO said.

Treasury Secretary Steven Mnuchin urged lawmakers Tuesday to raise the debt ceiling as soon as possible.

Lawmakers, meanwhile, must also pass a funding bill prior to Feb. 9 to keep the government open.

http://thehill.com/policy/finance/372235-us-on-track-to-double-borrowing-under-trumps-first-year-report
Expand all images
>> No. 117875 ID: cb8af5
Reminder that Trump is such a great businessman he bankrupted multiple casinos.
>> No. 117876 ID: 72a5eb
http://money.cnn.com/2018/02/05/investing/stock-market-today-dow-jones/
>Stocks went into free fall on Monday, and the Dow plunged almost 1,600 points -- easily the biggest point decline in history during a trading day.

>Buyers charged back in and limited the damage, but at the closing bell the Dow was still down 1,175 points, by far its worst closing point decline on record.

>The drop amounted to 4.6% -- the biggest decline since August 2011, during the European debt crisis. But it was nowhere close to the destruction on Black Monday in 1987 or the financial crisis of 2008. Still, for investors lulled to sleep by the steady upward climb since Election Day, it was alarming.

>The White House said through a spokesman that "markets do fluctuate in the short term," but it stressed that the fundamentals of the economy are strong.

>The trouble in the market began early last week, when investors focused on a number of lingering concerns.

>If the economy gets much stronger, it could touch off inflation, which has been mysteriously missing for the nine years of the post-crisis recovery. That could force the Federal Reserve to raise interest rates faster than planned.

>"People are dealing with the shock of seeing real inflation for the first time in a while," said Bruce McCain, chief investment strategist at Key Private Bank.

>The sell-off wiped out the Dow and S&P 500 gains for the year, and left the Nasdaq barely in positive territory for 2018.
>> No. 117885 ID: 9315da
File 151827392698.jpg - (158.77KB , 1260x1260 , opinion_means_little.jpg )
117885
>>117876

lol Oh noes biggest drop evar

after setting record highs for what, a year? lol.
>> No. 117896 ID: a8533b
>Crashing the ship
Good
that's why I voted for Hilldog, because I knew she'd end this failed experiment known as the USA and in the chaos I'd get to shoot minorities, weak cuck progressives and their dogs and brown people

Make America Great Again via Balkanization, if that fails nazification
>> No. 117898 ID: 0e8e6d
>>117896
>and their dogs

ATF detected.
>> No. 117901 ID: 6c0b37
>>117898
Acid is gonna get demoted if he doesn't stop another terror plot that he created.
>> No. 117904 ID: df12a0
File 151857812686.png - (50.88KB , 524x751 , objective indoctrination.png )
117904
>be teacher
>totally Trump's fault you're in the worst possible career field in cash-strapped MI, where the Party-in-Power thrives off the idiocy of the masses, so it's a no-brainer for them to cut the education budget time and again
>oh wait, you almost forgot that you're in a position to perpetuate the hate
>> No. 118392 ID: 791741
http://www.thetimesnews.com/opinion/20180612/editorial-national-debt-must-be-main-topic-in-2020


Retiring Starbucks executive Howard Schultz’s interest in a 2020 presidential bid made national headlines because of his strong and unexpected focus on fiscal responsibility. To date, Schultz’s national profile mostly reflected his aggressive advocacy of progressive social causes. But in an interview with CNBC, the Seattle billionaire expressed disbelief at how many Democrats had eagerly embraced a government takeover of health care and a federal full-employment jobs program without first answering this basic question: “How are we going to pay for these things?” He went on to say, “I think the greatest threat domestically to the country is this $21 trillion debt hanging over … America and future generations.”

Hallelujah. Whether or not Donald Trump has soured you on the idea of the ultra-wealthy seeking the Oval Office, rational Americans should welcome the possibility that fiscal conservatism emerges as a key issue in 2020. Unless responsible adults begin to step up, disaster looms. The Congressional Budget Office predicts annual federal budget deficits of $1 trillion or more will become the new norm by 2020, leading the already-staggering national debt to reach $33 trillion in a decade. Meanwhile, the amount of money the federal government spends just to service the national debt is on pace to go from $263 billion in 2017 to $1.05 trillion in 2028 — at which point it would dwarf annual military spending or the yearly Medicare budget.

Here’s the easiest way to grasp how risky this is: Imagine if your household was on track to have to spend 20 percent of its income just to make minimum payments on your credit cards — and yet family members kept adding new charges. That’s just what Congress did with its February budget deal, which included the single largest spending increase since the massive stimulus bill was passed in 2009 to limit the pain of the Great Recession.

Traditional Republican claims to care about fiscal conservatism have been annihilated by the actions of President Donald Trump, House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell. The party that crowed after it forced the Obama administration to accept a 2011 law mandating a long-term budget “sequester” containing domestic and defense spending happily voted for a budget that exceeded the spending caps by nearly $300 billion.

But the irresponsibility of the GOP’s ramping up spending while also adopting big tax cuts is paralleled by Democrats’ increasing unanimity that government should provide more and more freebies. Instead of shoring up the most basic government safety-net program — the deeply underfunded Social Security system — they also want not just health care but college and child care. And these aren’t close to the most radical idea finding favor on the left. That would be guaranteeing individuals a “universal basic income,” whether or not they worked. A recent Gallup survey showed nearly half of Americans were intrigued with the idea, and a small experiment with the concept is now under way in Stockton.

Making this bipartisan fiscal recklessness even scarier is that it’s become intertwined with the polarization that paralyzes Washington. Asked how he would fund his proposed $80 billion program to make college free or much cheaper, Sen. Brian Schatz, D-Hawaii, cited corporate tax cuts approved by Republicans and depicted the question as unfair — part of “a game that disadvantages Democrats, and I don’t want to play it anymore.” He might as well have said “if the GOP gets to be crazy, so do we.”

Against this backdrop, any serious 2020 presidential bid that’s predicated on a return to federal fiscal sanity has to be welcomed, whether it’s by a Democrat, a Republican or a well-financed independent. A nation that is on track to having interest on the debt be the largest bill it has to pay is a nation on the road to ruin.
[Return] [Entire Thread] [Last 50 posts]


Delete post []
Password  
Report post
Reason