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  1. #41
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    Looks like the new two year budget is going to increase the debt another trillion.
    Thanks trump.
    Two trillion in less than 4 months.

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    Quote Originally Posted by Miguels244 View Post
    Looks like the new two year budget is going to increase the debt another trillion.
    Thanks trump.
    Two trillion in less than 4 months.
    When Obama was writing checks left and right were you bitching about him also?

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    Quote Originally Posted by Shawnrs View Post
    When Obama was writing checks left and right were you bitching about him also?
    wait, so you think that is a response?

    How REpublicans were deficit hawks when anything needed to be done, but now cut taxes raise spending, no problem

    And yes there are many Democrats concerned about the deficit, and they realize that cutting taxes for the 1 percent is not a way to cut the deficit

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    somuch for personal responsibility, another Republican myth
    >>>
    Another provision in the budget agreement, which is set for a vote Thursday, gives the secretary of education greater authority to waive sanctions imposed on colleges and universities whose students consistently default on federal education loans. The measure would apply to public colleges in economically distressed communities, defined as a county that ranks in the lowest 5 percent of all counties in the country based on a national index of economic status.

    Based on those narrow parameters, education experts say the provision would most likely benefit Southeast Kentucky Community and Technical College, a school skating on the edge of being cut off from federal student aid because of its high student loan default rate<<<<

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  9. #45
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    To stay on topic ..
    Obama inherited a major global economic crisis ..
    and actually fixed the US auto crisis quite well, at minimal cost to us taxpayers, saving approx 2-3 million us jobs, many for machinist jobshops as subs for auto trinkets.

    Obama managed the major risky bank crisis quite well.
    As a political cost, the guilty got away free.
    Yes.
    The choice was very much better than say "shooting the guilty" and crashing the us (global) economy.

    Now, the middle class in the us, and the workers, are getting shafted via extra debt and huge silly military expenditures - they will pay for.
    Today a major part of us budget goes to pay interest on the national debt. About 30%.
    US Debt is around 100% of the 17 trillion us economy.
    Adding 2 trillion in debt gets us closer to the debt cliff where the us defaults.

    Within 5-12 years the us will be technically insolvent and forever unable to pay its debts, at around 170% debt vs gdp like greece when it collapsed.
    This will devastate the us, and global trade.
    We will all suffer.
    All.

    The US is now engaged in venezuela/zimbabwe style economy, giving free stuff or subsidies the budget cannot support.
    NB.
    I DID NOT comment on tax cuts for the rich.
    I commented on the economy, and the effects of piling on extra debt and no funding mechanism or resolution.

    If the us popula wants to give tax cuts to the rich .. fine.
    I may think it misguided, but You guys certainly have the right to do as You please.

    When it will certainly, absolutely, cause major mayhem in global trade at some point, probably after 5-12 years, I feel worried and bad.
    No country should ever take on debt for political purposes imo.

    The us is not the only guilty one.
    Spain is exactly the same.
    Finland is the same, now worse.
    The politicians are eejits, and the people accepting it are worse.

    Most-everyone is spending on the national credit card like argentina, venezuela, costa rica, weimar republic in germany, etc.
    When something cannot go on it will stop.

    Just because the us economy is big does not, at all, mean it is less vulnerable. See housing crisis, auto crisis and government motors.

    In theory, my personal preference would be for much less government spending, say 30%, declining 1% y/y.
    This would over time lead to vastly better services and results as the gov. departments had to compete for funding and most managers and top jobs went away.
    I have zero expectation such a rational choice will ever be made.

    I have no idea what will happen.
    Clever junk bonds might be done, to fund governments. For example.
    The government ponzi schemes (the ss are ponzi schemes since they are not funded) might perhaps extend 50 years .. on irrational coupons and novel paper issued. Maybe. Perhaps.

    A collapse is the worst option.

    Generally spaniards here are all crazy, and think the "government" will pay unemployment, services, medics, education, etc. with no recourse and no control and no limit.
    They think the money will fall from the skies endlessly like helicopter bens (Bernake, ex. Fed chair) stimulus.
    Surprisingly to me the finns are mostly the same- education in general does not seem to affect this.
    They also think free stuff will fall forever, mostly.

    The us unfunded foreign adventures, and unfunded tax cuts, are exactly the same as finnish spending and spanish spending and venezuelan spending and costa rica spending and saudi arabia spending.

    Markets are forward-looking.
    If it seems the us is less likely to be able to pay coupons on its debt, the rate will go up.

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    The thugs just doubled the deficit to 1.5 trillion...on top of the trillion or two they added last month.

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    Ultimately, the world must be reset. Debts must be forgiven. What needs to be hammered out, is how to do that fairly without war. And the commoners are not the ones wanting the war, it's the guys at the top who never want to relinquish their power. After all, power is really the only consolation prize they can get when their (loaned) money is unrecoverable.

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    I think it a shame those bozos keep running out of money.. how much did it cost to send a bunch with their families to an expensive resort lat week.

    What a joke...

    They should get laid off and stand in line like we do and wait two weeks for a small pay check..

    What GIs get shorted while the draw money...

    free money Taxpayers fund a first-class congressional foreign travel boom

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    Quote Originally Posted by michiganbuck View Post
    I think it a shame those bozos keep running out of money.. how much did it cost to send a bunch with their families to an expensive resort lat week.

    What a joke...
    I loved that.
    A train wreck AND a trash truck.
    It doesn't get more emblematic than that.

    How much is trump going to spend on his great military parade?
    His will have to be bigger than Kim's.

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    QT: How much is trump going to spend on his great military parade?

    At least the American people can see that..likely to show kim jon we can do it to..show off our military stuff.. agree another stupid waste of tax dollars...

    Still it will be mostly GIs and military gear already paid for..practice moving that stuff not a bad idea..In a better world we would spend those bucks on Tractors..Who needs the next war?

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    I was shorting the Dow futures bubble and wondering about the long term play now.
    The long chart is telling.
    I am starting to wonder if we are headed for a long term bear:

    bigdow.jpg

    And to keep this on topic:

    National Debt by President | MacroTrends

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    Quote Originally Posted by Trboatworks View Post
    I was shorting the Dow futures bubble and wondering about the long term play now.
    The long chart is telling.
    I am starting to wonder if we are headed for a long term bear:

    bigdow.jpg

    And to keep this on topic:

    National Debt by President | MacroTrends
    agree ..Back when I was charting stocks a sudden run up(or down)often meant it might soon go the other way..

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    Actually think it possible the Bozos in government may sabotage the economy or the country to make Trump look bad or fail.

    Yes he does some of that himself but it seems jobs and numbers are up..Bozos don’t like that.

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    Quote Originally Posted by michiganbuck View Post
    Actually think it possible the Bozos in government may sabotage the economy or the country to make Trump look bad or fail.

    Yes he does some of that himself but it seems jobs and numbers are up..Bozos don’t like that.
    You mean the repubs? They are in charge

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    Quote Originally Posted by michiganbuck View Post
    agree ..Back when I was charting stocks a sudden run up(or down)often meant it might soon go the other way..
    Index rushing back towards support running through 23280- I don't think it will hold.

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    Absolutely not - this is completely impossible, fiscally and morally irresponsible, and extremely risky geopolitically.

    If the US was to default, endless major effects would happen.
    In a default the us currency would not be trusted ..
    all new deliveries aka imports to the us of oil, food, groceries, electricity, chickens, fresh greens etc. would be affected.
    Most us exports like car sales would tank, for a while.
    Most exports like hollywood, netflix, microsoft, oracle would tank for a while.

    The us absolutely cannot feed all the people - if the dollar or economy crashes.
    About 50% of the us popula absolutely depends on a normal economy to survive.

    If say car makers cannot depend on a us dollar, million+ us people are destitute with worthless pensions.
    Likewise, most manufacturers who mostly have major long term debt, will be unable to source raw material like steel, alu, oil, plastics, water etc.

    A us "hard" default is a terrible end-of-days global systemic/pandemic problem.
    Billions dead and 90% of global wealth destroyed would be the low end.


    Quote Originally Posted by HuFlungDung View Post
    Ultimately, the world must be reset. Debts must be forgiven. What needs to be hammered out, is how to do that fairly without war. And the commoners are not the ones wanting the war, it's the guys at the top who never want to relinquish their power. After all, power is really the only consolation prize they can get when their (loaned) money is unrecoverable.

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    Quote Originally Posted by gustafson View Post
    wait, so you think that is a response?

    How REpublicans were deficit hawks when anything needed to be done, but now cut taxes raise spending, no problem

    And yes there are many Democrats concerned about the deficit, and they realize that cutting taxes for the 1 percent is not a way to cut the deficit
    My question has nothing to do with republicans or democrats, it was directed a member that keep crying about the spending of our current president. Anybody with a clue can see that neither side can hold a budget.

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    Quote Originally Posted by Shawnrs View Post
    My question has nothing to do with republicans or democrats, it was directed a member that keep crying about the spending of our current president. Anybody with a clue can see that neither side can hold a budget.
    Democrats do.
    Obama cut the deficit...even in the face of Republican legislature.
    Clinton cut the debt.
    The rethuglicans lie...they are just bad businessmen who run on debt and pull money from their businesses for their own tows.

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    Has anybody asked the soldiers, sailors and and airman if they would like a parade?
    This clown in chief and five times heel spur draft doger will most likely come up with an assortment of opera style uniforms to make a laughing stock of it's wearers. I hope somebody stops this guy.
    For his information: We used to hate the parades taking place every year on Armed Forces Day. Weeks of practice. Long ours of polishing vehicles and other gear. Getting up at 3:30 AM on Parade day and stand in Formation for hours. Returning to the Barracks and laying out all gear for a full field inspection to make certain all equipment is combat ready. No fun for the soldiers. Just entertainment for the brass. Let the French do it! They need a moral builder. Take it from a Former Infantry NCO.

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  36. #60
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    Quote Originally Posted by juergenwt View Post
    Has anybody asked the soldiers, sailors and and airman if they would like a parade?
    This clown in chief and five times heel spur draft doger will most likely come up with an assortment of opera style uniforms to make a laughing stock of it's wearers. I hope somebody stops this guy.
    For his information: We used to hate the parades taking place every year on Armed Forces Day. Weeks of practice. Long ours of polishing vehicles and other gear. Getting up at 3:30 AM on Parade day and stand in Formation for hours. Returning to the Barracks and laying out all gear for a full field inspection to make certain all equipment is combat ready. No fun for the soldiers. Just entertainment for the brass. Let the French do it! They need a moral builder. Take it from a Former Infantry NCO.
    There's a double amputee woman vet who says this is an indicator that he's unfit to be C in C.
    She's also a senator...
    Calls him cadet bone spurs.

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