Sign Up | Log In
REAL WORLD EVENT DISCUSSIONS
Trump's Budget
Tuesday, April 2, 2019 2:44 AM
JEWELSTAITEFAN
Tuesday, April 2, 2019 3:08 AM
Quote:Originally posted by JEWELSTAITEFAN: This data does appear to be listed under Calendar Year Quarters as opposed to Fiscal Year Quarters elsewhere. Yes, this is Table.1.1.5 (use the Modify button to adjust dates) at this link: https://bea.gov/iTable/iTable.cfm? This GDP data is from BEA News Release Archives. Current-Dollar GDP. I noticed a trend among the BEA data. The figures from BEA do not match other info. But they make monthly reports, each Quarter has an Advanced Estimate, then 2nd Estimate, then 3rd Estimate, before the final figure.
Tuesday, April 2, 2019 5:20 AM
RUE
I have a vote and I'm not afraid to use it!
Tuesday, April 2, 2019 12:26 PM
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by JEWELSTAITEFAN: This data does appear to be listed under Calendar Year Quarters as opposed to Fiscal Year Quarters elsewhere. Yes, this is Table.1.1.5 (use the Modify button to adjust dates) at this link: https://bea.gov/iTable/iTable.cfm? This GDP data is from BEA News Release Archives. Current-Dollar GDP.
Quote:Originally posted by JEWELSTAITEFAN: This data does appear to be listed under Calendar Year Quarters as opposed to Fiscal Year Quarters elsewhere. Yes, this is Table.1.1.5 (use the Modify button to adjust dates) at this link: https://bea.gov/iTable/iTable.cfm? This GDP data is from BEA News Release Archives. Current-Dollar GDP.
Friday, April 5, 2019 9:16 PM
Sunday, April 7, 2019 6:02 PM
Sunday, April 7, 2019 6:05 PM
Quote:Originally posted by JEWELSTAITEFAN: This is a repost from 18 May, with Budget Deficit, Actual Deficit, Federal Debt, and GDP. The Excess column is the amount the Debt exceeds the GDP. I keep Forgetting how convoluted, twisted, and fabricated the figures are regarding the Federal Debt. The Gross Federal Debt, the Public Federal Debt, and the annual Deficits of the Federal Budgets do not add up, even when all are on the Fiscal Year cycle. OMB, CBO, Treasury, BEA, use different data, often not meshing. So I will lay out some more data, for reference. This helps show that, although the Rock-The-Vote Democraps doubled the Deficit in FY2008, Obama still only inherited a Debt about 2/3 of the GDP, and then was able to, in a few short years, push the Federal Debt over the GDP by 2012, and grew the excess to more than $1 Trillion over the GDP. Once upon a time, reasonable people explained that a Debt larger than GDP was not a sustainable situation, and then Obamanomics took us there. And then after FY2012 ended, he was reelected to make the Economy even worse. While simultaneously bloating the Debt even further. Obviously, CBO uses Libtard projection practices, so score any reasonable Budget with less Revenue, more Outlays, more Deficit, and lower GDP. CBO scores delusional Libtard Budgets with exaggerated Revenue and GDP, and overly optimisticly low Outlays and Deficit. Federal Debt data is from U.S. Treasury. Using Gross Federal Debt. For the section to the right, the columns are FY Increase to the Federal Debt (aka THE REAL FEDERAL DEFICIT), FY Gross Federal Debt, FY National GDP, the amount the Debt Exceeds the GDP. For reference, here is the CBO Historical Budget data:
Quote:Once I add in FY2018 figures, we should see that with Deficit growth slowing, GDP growth exploding, the Excess will be well under $1 Trillion for the first time since Obama raced to get there. Compared to the Brink of Economic Nightmare Horror that Obama brought us to, this now shows promise, hope, a light at the end of the tunnel, and a reversal of the path we were on. Obama's trajectory has been Trumped.
Wednesday, April 10, 2019 10:29 PM
Thursday, April 11, 2019 1:36 AM
Friday, April 26, 2019 11:22 AM
Sunday, May 5, 2019 9:30 PM
Tuesday, May 7, 2019 6:56 AM
SECOND
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
Quote:Originally posted by JEWELSTAITEFAN: Trump's Budget accumulates $8.632 Trillion in Deficits by 2028. Indicating the Federal Debt would add about $13 Trillion in that period.
Tuesday, May 7, 2019 11:19 AM
Tuesday, May 7, 2019 12:25 PM
Quote:Originally posted by JEWELSTAITEFAN: How do you know when nytimes is telling it's biggest lies, so big they are insupportable by actual facts or news? They call it "opinion"
Tuesday, May 7, 2019 7:53 PM
Tuesday, May 7, 2019 8:23 PM
Quote:Originally posted by second: Quote:Originally posted by JEWELSTAITEFAN: How do you know when nytimes is telling it's biggest lies, so big they are insupportable by actual facts or news? They call it "opinion"Are you claiming that Republicans were not calling for belt tightening of the Federal Government and GOP controlled states in 2010, 2011, 2012, 2013? The government should have been spending freely in order to reduce unemployment, but instead, it was holding spending steady rather than increasing it. See the graph: https://fred.stlouisfed.org/graph/?g=nRrj Under Trump, spending is increasing at an ever accelerating rate, completely unlike in 2010, 2011, 2012, 2013, when the GOP grabbed control of the budget in the House and Senate, slowing down spending in the Republican controlled budget process. All Obama could do is watch the Republicans screw over everybody until Trump came to power. Then it was time to start spending like crazy.
Tuesday, May 7, 2019 8:24 PM
Quote:Originally posted by second: Quote:Originally posted by JEWELSTAITEFAN: Trump's Budget accumulates $8.632 Trillion in Deficits by 2028. Indicating the Federal Debt would add about $13 Trillion in that period.With huge budget deficits, the Trump administration has implemented the kind of huge fiscal stimulus followers of John Maynard Keynes pleaded for when unemployment was high — but Republicans blocked. Contrary to what Donald Trump and his supporters claim, we are not seeing an unprecedented boom. The U.S. economy grew 3.2 percent over the past year, a growth rate we haven’t seen since … 2015. Employment has been growing steadily since 2010, with no break in the trend after 2016. Still, the long stretch of growth has pushed the unemployment rate down to levels not seen in decades. How did that happen, and what does it tell us? The strength of the economy doesn’t reflect a turnaround of the U.S. trade deficit, which remains high. Nor does it reflect a giant boom in business investment, which proponents of the 2017 tax cut promised, but didn’t happen. What’s driving the economy now is, instead, deficit spending. Economists often use the cyclically adjusted budget deficit — an estimate of what the deficit would be at full employment — as a rough measure of how much fiscal stimulus the government is providing. By that measure, the federal government is now pumping as much money into the economy as it was seven years ago, when the unemployment rate was more than 8 percent. The explosion of the budget deficit isn’t just a result of that tax cut. After Republicans took control of the House in 2010, they forced the federal government into austerity, squeezing spending despite high unemployment and low borrowing costs. But once Trump was in the White House, spending was suddenly O.K. again (as long as it didn’t help poor people). In particular, real discretionary spending — expenditures other than those on Social Security, Medicare and other safety net programs — has surged after years of decline. So there’s really no mystery about the economy’s continuing strength: It’s a Keynesian thing. But what do we learn from the experience? Politically, we’ve learned that the G.O.P. is deeply hypocritical. After all that Obama-era shrieking about the dangers of debt and the looming threat of inflation, the party cheerfully opened the spigots as soon as it had its own man in the White House. You still see news reports that describe prominent Republicans as “deficit hawks,” and puzzle over their relaxed attitude toward the current flood of red ink. Come on, everyone knows what that was all about. Deficits are apparently good only if they’re incurred giving huge tax breaks to corporations, which use the money to buy back their stock. So that’s the story of the economy in 2019. Employment is high and unemployment low, because Republicans have embraced the kind of deficit spending they claimed would destroy America when Democrats held power. But none of that spending is building infrastructure to make us stronger in the long run. www.nytimes.com/2019/05/06/opinion/republican-economics.html
Tuesday, May 7, 2019 8:30 PM
Wednesday, May 8, 2019 6:31 AM
Quote:Originally posted by JEWELSTAITEFAN: Is there anybody here reading this baloney and believing any of it? Or thinking this Troll might have a point?
Wednesday, May 8, 2019 9:10 AM
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by second: Quote:Originally posted by JEWELSTAITEFAN: How do you know when nytimes is telling it's biggest lies, so big they are insupportable by actual facts or news? They call it "opinion"Are you claiming that Republicans were not calling for belt tightening of the Federal Government and GOP controlled states in 2010, 2011, 2012, 2013? The government should have been spending freely in order to reduce unemployment, but instead, it was holding spending steady rather than increasing it. See the graph: https://fred.stlouisfed.org/graph/?g=nRrj Under Trump, spending is increasing at an ever accelerating rate, completely unlike in 2010, 2011, 2012, 2013, when the GOP grabbed control of the budget in the House and Senate, slowing down spending in the Republican controlled budget process. All Obama could do is watch the Republicans screw over everybody until Trump came to power. Then it was time to start spending like crazy. Is there anybody here reading this baloney and believing any of it? Or thinking this Troll might have a point?
Wednesday, May 8, 2019 9:24 AM
Quote:Originally posted by JEWELSTAITEFAN: crickets?
Wednesday, May 8, 2019 9:34 PM
Wednesday, May 8, 2019 10:09 PM
Quote:Originally posted by JEWELSTAITEFAN: Nobody? Just confirming.
Wednesday, May 8, 2019 11:12 PM
Thursday, May 9, 2019 9:26 PM
Friday, May 10, 2019 4:36 PM
Thursday, May 30, 2019 6:12 PM
Friday, June 7, 2019 5:44 PM
Monday, June 10, 2019 6:05 PM
Monday, June 10, 2019 6:11 PM
Wednesday, June 12, 2019 6:08 PM
Thursday, June 13, 2019 11:16 AM
Thursday, June 13, 2019 5:29 PM
Quote:Originally posted by second: The U.S. budget deficit widened to $738.6 billion in the first eight months of the fiscal year, a $206 billion increase from a year earlier, despite a revenue boost from President Donald Trump’s tariffs on imported merchandise. The shortfall was 38.8% more than the same period a year ago, the Treasury Department said in its monthly budget review released on Wednesday. There are 4 months left in the fiscal year, therefore Trump will easily spend a trillion dollars more in 2019 than he has money to spend. If he can't keep under $trillion deficit when times are good, what will happen when times go bad for Trump? www.bloomberg.com/news/articles/2019-06-12/u-s-budget-gap-hits-739-billion-with-four-months-left-in-year See Figure 2 on page 4 of Trump's Treasury Department Report https://fiscal.treasury.gov/files/reports-statements/mts/mts0519.pdf
Tuesday, June 25, 2019 8:05 PM
Thursday, June 27, 2019 5:14 PM
Monday, July 8, 2019 8:46 PM
Tuesday, July 9, 2019 9:20 PM
Wednesday, July 10, 2019 5:53 PM
Quote:Originally posted: Trump increased the National Debt by $2 trillion to $22 trillion. This happened while he bragged about how great the economy was. If the economy really was so great and he was collecting all the taxes that were due, but people cheated on, the Debt would be decreasing, not increasing. Even worse, when the economy eventually becomes less and less great than it is now, the Debt will increase faster and faster. Donald is doing a hell of a job. www.thebalance.com/trump-plans-to-reduce-national-debt-4114401 www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=19&startYear=2017&endMonth=07&endDay=08&endYear=2019
Wednesday, July 10, 2019 7:14 PM
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted: Trump increased the National Debt by $2 trillion to $22 trillion. This happened while he bragged about how great the economy was. If the economy really was so great and he was collecting all the taxes that were due, but people cheated on, the Debt would be decreasing, not increasing. Even worse, when the economy eventually becomes less and less great than it is now, the Debt will increase faster and faster. Donald is doing a hell of a job. www.thebalance.com/trump-plans-to-reduce-national-debt-4114401 www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=19&startYear=2017&endMonth=07&endDay=08&endYear=2019 Yes, the projections under the Obama/Hilliary dismal plan were to have the Debt increase 2.5 Trillion by now. Plus continue the horrendous Economy that they mastered. I am sure everybody is dismayed that Trump has not increased the Debt at the rate expected by Libtard bodies that the Dems would have. Not to mention that extra windfall they we'll be getting from the Tax Reform package.
Wednesday, July 10, 2019 7:42 PM
Quote:Originally posted by second: Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted: Trump increased the National Debt by $2 trillion to $22 trillion. This happened while he bragged about how great the economy was. If the economy really was so great and he was collecting all the taxes that were due, but people cheated on, the Debt would be decreasing, not increasing. Even worse, when the economy eventually becomes less and less great than it is now, the Debt will increase faster and faster. Donald is doing a hell of a job. www.thebalance.com/trump-plans-to-reduce-national-debt-4114401 www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=19&startYear=2017&endMonth=07&endDay=08&endYear=2019 Yes, the projections under the Obama/Hilliary dismal plan were to have the Debt increase 2.5 Trillion by now. Plus continue the horrendous Economy that they mastered. I am sure everybody is dismayed that Trump has not increased the Debt at the rate expected by Libtard bodies that the Dems would have. Not to mention that extra windfall they we'll be getting from the Tax Reform package.That is the dumbest argument. Trump increased the National Debt by $2 Trillion but Hillary might have, maybe, gone to $2.5 Trillion. Then again, maybe she could not because Hillary would not sign the Tax Cut that Trump signed, the one that is predicted to increase the National Debt by $1 Trillion per year from here to Eternity. Good job, Donald! Hillary couldn't have done it! www.businessinsider.com/us-budget-deficit-779-billion-highest-since-2012-2018-10
Wednesday, July 10, 2019 9:24 PM
Quote:Originally posted by JEWELSTAITEFAN: You should try reading the news sometime. Even the Deep State admits that Trump's Tax Reform will be saving more than a $Trillion in the next 15 years. The projections of Dem disaster was already in the Budgets from Obama, no new or further updates were needed. But Trump has vastly reduced those.
Thursday, July 11, 2019 7:46 PM
Thursday, July 11, 2019 8:16 PM
Quote:Originally posted by second: Quote:Originally posted by JEWELSTAITEFAN: You should try reading the news sometime. Even the Deep State admits that Trump's Tax Reform will be saving more than a $Trillion in the next 15 years. The projections of Dem disaster was already in the Budgets from Obama, no new or further updates were needed. But Trump has vastly reduced those. JewelStaiteFan, show me that fake news story with the $1 Trillion savings. I got stories that say there are no savings:
Thursday, July 11, 2019 11:53 PM
Quote:Originally posted by JEWELSTAITEFAN: The preceding/underlying $7 Trillion is the Legacy costs and increases from Obamanomics.
Monday, July 15, 2019 2:24 PM
Friday, July 26, 2019 2:34 PM
Friday, August 9, 2019 5:38 PM
Quote:Originally posted by JEWELSTAITEFAN: BEA released a report today, but the numbers seem goofy. It claims the 1st Calendar Quarter had $201.0 B increase of Current-Dollar GDP. Says this is the same as in the last report. And 2nd Calendar Quarter increase of 239.1 B, to a level of 21.34 Trillion. Last month it said the 1st Cal Q was 195.0 B, to level of 21.06 T. I need to look into this more, to find what their errors are. 21.06 plus revised 0.0060 would be 21.06 or 21.07 T, and then another 0.2391 T would be 21.30 or 21.31 T.
Friday, August 9, 2019 5:54 PM
Monday, August 12, 2019 5:29 PM
Tuesday, August 13, 2019 8:54 PM
YOUR OPTIONS
NEW POSTS TODAY
OTHER TOPICS
FFF.NET SOCIAL