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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Straw Man on May 05, 2018, 08:41:29 AM
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Net borrowing totaled $488 billion from January through March, a record for that period and about $47 billion more than it had previously estimated, according to a statement released in Washington. The end-of-March cash balance was $290 billion, compared with an initial estimate of $210 billion
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Nice link to the article and graph author. ::)
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Nice link to the article and graph author. ::)
https://www.bloomberg.com/news/articles/2018-04-30/treasury-s-488-billion-in-borrowing-sets-a-first-quarter-record
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No wonder you only posted a clippit. ::)
The opening paragraphs to go with your "graph" ::)
U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after his department said it borrowed a record amount for the first quarter.
“It’s a very large, robust market -- it’s the most liquid market in the world, and there is a lot of supply,” he said in a Bloomberg TV interview on Monday. “But I think the market can easily handle it.”
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No wonder you only posted a clippit. ::)
The opening paragraphs to go with your "graph" ::)
you're seem to be a clueless as Mnuchin
Of course he's spinning for morons like you
Uh yeah, there sure is a lot of "supply" as Mnuchin said and the market will absorb it.
All we have to do is keep lowering the price (hence offer buyers higher yields)
that's a good thing...right?
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you're seem to be a clueless as Mnuchin
Of course he's spinning for morons like you
Uh yeah, there sure is a lot of "supply" as Mnuchin said and the market will absorb it.
All we have to do is keep lowering the price (hence offer buyers higher yields)
that's a good thing...right?
"straw mans" opinion vs Mnuchins opinion.......hmmm
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"straw mans" opinion vs Mnuchins opinion.......hmmm
that's not an opinion dipshit
that's how the bond market works
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that's not an opinion dipshit
that's how the bond market works
You're a fucking idiot and pretty much useless to society. I can see why you vote liberal, moron.
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You're a fucking idiot and pretty much useless to society. I can see why you vote liberal, moron.
translation = you have no clue what I'm talking about
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translation = you have no clue what I'm talking about
:) when in doubt... personal name calling... it's like a conservative play book everyone knows about
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Liberals, too dumb to realize their opinions aren't facts.
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Liberals, too dumb to realize their opinions aren't facts.
And you obviously have no clue how the bond market works otherwise you would not be confusing a fact for an opinion
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And you obviously have no clue how the bond market works otherwise you would not be confusing a fact for an opinion
This post below is your opinion, you're too stupid to realize it so no further conversation is needed.
The end :)
you're seem to be a clueless as Mnuchin
Of course he's spinning for morons like you
Uh yeah, there sure is a lot of "supply" as Mnuchin said and the market will absorb it.
All we have to do is keep lowering the price (hence offer buyers higher yields)
that's a good thing...right?
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I think it depends on who you ask on whether or not this is a terrible thing. I heard the head of Sterling Capital answer questions on this very issue, and while he didn't like it, he seems to think it won't have any negative affects in the short term, possible long term either. Who knows. Keep pumpin in money, and keep some cash on the sidelines for when it takes a nose dive so you can buy cheap. If shit really hits the fan, grab your ammo. No one can really tell what the future holds.
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I think it depends on who you ask on whether or not this is a terrible thing. I heard the head of Sterling Capital answer questions on this very issue, and while he didn't like it, he seems to think it won't have any negative affects in the short term, possible long term either. Who knows. Keep pumpin in money, and keep some cash on the sidelines for when it takes a nose dive so you can buy cheap. If shit really hits the fan, grab your ammo. No one can really tell what the future holds.
Don't worry
Republicans will think this is a life or death crisis AGAIN as soon as we have a Democratic POTUS
At that time they won't talk about how their tax cuts didn't create the jobs and growth (thus increasing federal tax revenue as constantly promised yet never actually delivered in reality) and they'll be back wailing and moaning about the debt and deficit as they try to cut social security, medicare , etc.
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Don't worry
Republicans will think this is a life or death crisis AGAIN as soon as we have a Democratic POTUS
At that time they won't talk about how their tax cuts didn't create the jobs and growth (thus increasing federal tax revenue as constantly promised yet never actually delivered in reality) and they'll be back wailing and moaning about the debt and deficit as they try to cut social security, medicare , etc.
😂😂😂
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Liberals, too dumb to realize their opinions aren't facts.
conservatives too dumb to incorporate new information and accept existing logic
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Don't worry
Republicans will think this is a life or death crisis AGAIN as soon as we have a Democratic POTUS
At that time they won't talk about how their tax cuts didn't create the jobs and growth (thus increasing federal tax revenue as constantly promised yet never actually delivered in reality) and they'll be back wailing and moaning about the debt and deficit as they try to cut social security, medicare , etc.
Good point Strawman.....as soon as we have another Democrat as POTUS all of a sudden the neocons will begin to raise concerns about the deficit again....totally ignoring the fact, as they have always done, that THE VAST MAJORITY OF HUGE DEFICITS HAVE BEEN CAUSED BY REPUBLICAN PRESIDENTS AND THEIR HUGE TAX CUTS....Reagan, Bush, and now Trump have preached that stupid trickle down theory and it HAS NEVER EVER BEEN PROVEN TO WORK....it causes HUGE deficits which the republicans never account for but then bitch and whine about it AS SOON AS DEMS TAKE CHARGE OF THE WHITE HOUSE
YET OBAMA HAD 7-8 YEARS OF FALLING DEFICITS AND ALL HE GOT FROM REPUBS WAS CRITICISM..in terms of deficits, OBAMA WAS THE BEST PRESIDENT THE CONSERVATIVES EVER HAD
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Good point Strawman.....as soon as we have another Democrat as POTUS all of a sudden the neocons will begin to raise concerns about the deficit again....totally ignoring the fact, as they have always done, that THE VAST MAJORITY OF HUGE DEFICITS HAVE BEEN CAUSED BY REPUBLICAN PRESIDENTS AND THEIR HUGE TAX CUTS....Reagan, Bush, and now Trump have preached that stupid trickle down theory and it HAS NEVER EVER BEEN PROVEN TO WORK....it causes HUGE deficits which the republicans never account for but then bitch and whine about it AS SOON AS DEMS TAKE CHARGE OF THE WHITE HOUSE
YET OBAMA HAD 7-8 YEARS OF FALLING DEFICITS AND ALL HE GOT FROM REPUBS WAS CRITICISM..in terms of deficits, OBAMA WAS THE BEST PRESIDENT THE CONSERVATIVES EVER HAD
???
https://winteryknight.com/2013/02/20/did-obama-really-cut-the-deficit-the-deficit-by-2-5-trillion/
The facts:
When Obama was inaugurated on Jan. 20, 2009, the federal government’s debt was $10,626,877,048,913.08. As of the close of business on Feb. 14, 2013, the federal government’s debt was $16,540,800,290,147.46. Thus, since Obama has been president, the federal debt has increased $5,913,923,241,234.38. That is more than all the debt accumulated by all the presidents from George Washington through Bill Clinton.
http://www.businessinsider.com/national-debt-deficit-added-under-president-barack-obama-2017-1
Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000.
As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.
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“Every time you borrow you lose some of your sovereignty,”
Brian Lenihan 1959 - 2011 Finance Minister ireland .
True. And I wonder, how do we come up with the billions of dollars in "aid" money every year for foreign countries if we're borrowing money?
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Anybody ever see the movie "Dave"? He brings in his cpa buddy played by Charles Grodin and he's looking over the budget and is like "if I ran my books like this I'd be out of business". Why don't we have decent people balancing our budget? What cuts need to be made to right the ship so to speak?
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Anybody ever see the movie "Dave"? He brings in his cpa buddy played by Charles Grodin and he's looking over the budget and is like "if I ran my books like this I'd be out of business". Why don't we have decent people balancing our budget? What cuts need to be made to right the ship so to speak?
I think we have to stop with the tax cuts....they don't work and they just cause more deficits....second we have to make the rich pay their fair share and we have to make the poor pay as well...everybody has to put something into the kitty so everyone can feel like they have equity.....we have to start cutting down entitlements...maybe take a few dollars from each entitlement check and keep doing this for about 7--10 years, taking a few dollars more each year.....this way the pain is felt slowly....second, tax social security as income for those who retire and have a pension of $100, 000 or more...those three things will help but we also have to sell excess government land and also cut 100 billion out of defense each year.....the Europeans have got to kick in more and help us out around the world militarily....
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I think we have to stop with the tax cuts....they don't work and they just cause more deficits....second we have to make the rich pay their fair share and we have to make the poor pay as well...everybody has to put something into the kitty so everyone can feel like they have equity.....we have to start cutting down entitlements...maybe take a few dollars from each entitlement check and keep doing this for about 7--10 years, taking a few dollars more each year.....this way the pain is felt slowly....second, tax social security as income for those who retire and have a pension of $100, 000 or more...those three things will help but we also have to sell excess government land and also cut 100 billion out of defense each year.....the Europeans have got to kick in more and help us out around the world militarily....
I kind of get that and agree, but it will never happen. I don't think it's a left or right thing either. Neither side will blink so it'll never get done, and we will just keep spending until the final downfall of our economy. It seems a simple mistake to fix, but probably never will :-\
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I think we have to stop with the tax cuts....they don't work and they just cause more deficits....second we have to make the rich pay their fair share and we have to make the poor pay as well...everybody has to put something into the kitty so everyone can feel like they have equity.....we have to start cutting down entitlements...maybe take a few dollars from each entitlement check and keep doing this for about 7--10 years, taking a few dollars more each year.....this way the pain is felt slowly....second, tax social security as income for those who retire and have a pension of $100, 000 or more...those three things will help but we also have to sell excess government land and also cut 100 billion out of defense each year.....the Europeans have got to kick in more and help us out around the world militarily....
This is a good start. I'd say taxing churches should also be thrown in there. Taking competitive bids on government projects as well, this bullet train to nowhere here in CA is a good example.
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I kind of get that and agree, but it will never happen. I don't think it's a left or right thing either. Neither side will blink so it'll never get done, and we will just keep spending until the final downfall of our economy. It seems a simple mistake to fix, but probably never will :-\
I hope you're wrong but I agree with you
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This is a good start. I'd say taxing churches should also be thrown in there. Taking competitive bids on government projects as well, this bullet train to nowhere here in CA is a good example.
Taxing churches....never considered that....some would argue why should these mega churches which bring in tons of money, have tax free status?
and whats going on with you guys out in California?..can you explain?...and whats your position on it?
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This is a good start. I'd say taxing churches should also be thrown in there. Taking competitive bids on government projects as well, this bullet train to nowhere here in CA is a good example.
I believe most if not all services/goods should be competitively bid. Cut out the shot bag city workers mowing grass who slow down at yellow lights and sleep in culdesaqs. Prisoners should be given the opportunity as well to get out and now grass on right of ways to learn a skill and get fresh air, all the while the tax payer gets a cheaper service so that tax dollars can go elsewhere.
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Taxing churches....never considered that....some would argue why should these mega churches which bring in tons of money, have tax free status?
and whats going on with you guys out in California?..can you explain?...and whats your position on it?
Bullet train will easily break $100 million
https://www.cnbc.com/2018/03/12/californias-77-billion-high-speed-rail-project-is-in-trouble.html
Gee, wonder how her husbands company got the contract? ::)
https://calwatchdog.com/2013/04/26/se-diane-feinsteins-husband-wins-ca-rail-contract/
CA political environment is out of control with corruption. 5th largest economy in the world and ranked #1 in poverty in the United States
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I think we have to stop with the tax cuts....they don't work and they just cause more deficits....second we have to make the rich pay their fair share and we have to make the poor pay as well...
Arguably the biggest absolutely false liberal talking point. "The rich" already pay the overwhelming majority of federal income tax.
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Arguably the biggest absolutely false liberal talking point. "The rich" already pay the overwhelming majority of federal income tax.
there were and are many "super rich" corporations, oh sorry, I meant "people" who pay ZERO in taxes
I guess zero is their fair share
BTW - the biggest false Republican talking point is that tax cuts create enough growth to pay for themselves
That has never worked and quite often you get the exact opposite result
I give them full credit if they were honest and just said we want to cut taxes and we need to cut spending to pay for it
That would be honest
Then we can have the real debate about how we should be spending OUR tax dollars
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Agreed. As a generic thing (not this subject) I'd agree with DE. But we're talking about the "black hole" of worship on this earth, the overwhelmingly FALSE god called money.
Those whining in greed are the ones who made it so. Lmao, they caused it to happen. It's on them.
Problem is, of course, they claim they want to leave a fortune to their children. It's about the children! They'll tell you it's their right to be unconcerned about all else, and so taxes must reflect that (of course! pure logic!) Greed is just a made-up word, see.
Well, where the hell's the concern for "work" that you claim made you so great and so rich? Aren't you, Mr Rich-Man Liar, depriving your children of something more important than money, IF the claim is true?
Which is it, you hypocritical liar?
Most are chasing a phantom number in place of their spiritual worth. They don't have anything else in their worldly knowledge to show, and nothing to stake a meaningful claim. Insecurity and tragic weakness can be the only explanation for them. It's why they'd rather hold up their little pinkies against the common class for $$, using a Fake News Machine, than to practice what they preach about "competition and work" being the key to their lives.
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Below are the 18 companies that paid no federal income tax from 2008-2015, according to ITEP. Many of them are in the energy sector.
Pepco Holdings
PG&E Corp.
Wisconsin Energy
NiSource
International Paper
FirstEnergy
Priceline.com
Amos Energy
General Electric
American Electric Power
Ryder System
Duke Energy
NextEra Energy
Xcel Energy
Ameren
CMS Energy
Sempra Energy
Eversource Energy
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Below are the 18 companies that paid no federal income tax from 2008-2015, according to ITEP. Many of them are in the energy sector.
Pepco Holdings
PG&E Corp.
Wisconsin Energy
NiSource
International Paper
FirstEnergy
Priceline.com
Amos Energy
General Electric
American Electric Power
Ryder System
Duke Energy
NextEra Energy
Xcel Energy
Ameren
CMS Energy
Sempra Energy
Eversource Energy
How many total employees do they have? (Rhetorical question.)
And where is the list of large companies that paid billions in taxes?
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How many total employees do they have? (Rhetorical question.)
And where is the list of large companies that paid billions in taxes?
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::)
:)