All things disgusting with and around dump
- Thread starter Wez
- Start date
Bruddah IZ
DA
Bruddah IZ
DA
Wez
DA
You're dead wrong, as usual:
"Congress has enacted the Trump tax cut, which blows a $1.5 trillion hole in the budget deficit. The belief that tax cuts will stimulate enough growth to pay for themselves is a sheer fantasy shared by Larry Kudlow, Art Laffer, and very few others.
Congress has also removed discretionary spending caps on domestic and defense spending that have been in place since 2011. At the same time, Congress reinstated “earmarks” that allow members to spend money on pet projects. These two acts will add another $300 billion per year to the U.S. deficit.
Student loan defaults are now running at 20% per year and the volume of student loans exceeds $1.5 trillion, far more than the amount of junk mortgages in 2007, and with a much higher default rate. Covering these losses will add another $200 billion per year to federal deficits for years to come.
The U.S. debt-to-GDP ratio is now over 105%. This is well past the 90% “danger zone” identified by economists Ken Rogoff and Carmen Reinhart. Once in the danger zone further borrowing actually causes growth to decline rather than acting as a “stimulus.”
Russia, China, Iran, Turkey and other adversaries of the U.S. are stockpiling thousands of tons of gold as a hedge against the inflation they expect as the U.S. tries to print its way out of its non-sustainable debt."
Sheriff Joe
DA
Even georgie boy can't believe what a douche comey iz.
Sheriff Joe
DA
Sheriff Joe
DA
Maybe the same investigators that investigated HRC will be the ones involved in Trumps investigation.
Wez
DA
Conservatives are the worst with finances, they love to cut revenue and increase spending and Dems have to clean up their mistakes constantly.
I’m sure a lot of the same folks.
Well, the Benghazi investigation lasted 2 1/2 years, let’s see how long this one lasts.
Clearly a pious prig, who on the honesty issue has Trump nailed.
Sheriff Joe
DA
The problem was the fact that Obama was in charge of the DOJ.
Well I guess that means Trump is in charge now, so maybe this one will go better. So far, so good, it would appear.
Democrats love to spend your money....see California...
Why is liberal California the poverty capital of America?
http://www.latimes.com/opinion/op-ed/la-oe-jackson-california-poverty-20180114-story.html
Sheriff Joe
DA
......but, but, it's the 6th largest economy in the world......................
Wez
DA
Population and sky high housing costs because our Real Estate is so valuable, makes sense.
