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Old 08-14-2019, 08:36 PM
 
Location: Lost in Montana *recalculating*...
11,997 posts, read 15,636,965 times
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Talking economics in the political section is like talking quantum theory to a 3rd grader.


Absolutely a waste of time.
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Old 08-14-2019, 08:41 PM
 
Location: Long Island
33,643 posts, read 14,177,148 times
Reputation: 7209
Quote:
Originally Posted by craigiri View Post
There comes a point, which I suspect we are already at, when "they" can't control events. We go into the "anything can happen" mode. Too many possibilities.

It is even remotely possible that good things will happen.....because sometimes when you throw a coin up in the air (a nickel) it will land on its edge.
That appears to be what Trumps economic advisers are hoping.
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Old 08-14-2019, 08:56 PM
 
1,498 posts, read 338,840 times
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This next fiscal crisis is all about debt. Record levels of debt at all levels of government, record corporate debt, and record consumer debt. The debt supercycle is coming to an end and it won't be pretty......
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Old 08-14-2019, 09:08 PM
 
39,435 posts, read 20,580,957 times
Reputation: 12882
Quote:
Originally Posted by lovecrowds View Post
Makes sense looks like the strategy is have them near zero for a very long time. So households, business and government can continue their massive spending spree.

Looks like deficits will have to be very low for a very long time for the spending spree that is about to ramp up seriously.
They had to cut and keep interest rates low during the entire term of the Obama presidency.
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Old 08-14-2019, 09:31 PM
 
924 posts, read 453,103 times
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It's inevitable, taxes will have to be raised by a large margin and government spending will have to be cut by a large margin at the same time.
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Old 08-14-2019, 09:38 PM
 
11,609 posts, read 6,053,251 times
Reputation: 3720
Quote:
Originally Posted by GABESTA535 View Post
It's inevitable, taxes will have to be raised by a large margin and government spending will have to be cut by a large margin at the same time.
I've spent a lot of time over the last 6 months or so watching stand up comedy, but I honestly cant remember the last time I heard something this funny.
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Old 08-14-2019, 10:12 PM
 
924 posts, read 453,103 times
Reputation: 896
Quote:
Originally Posted by t206 View Post
I've spent a lot of time over the last 6 months or so watching stand up comedy, but I honestly cant remember the last time I heard something this funny.
It's less likely that Republicans will vote for massive tax raises than Democrats would vote for spending cuts but both will be absolutely necessary.
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Old 08-14-2019, 11:47 PM
 
11,107 posts, read 11,022,872 times
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Quote:
Originally Posted by Goodnight View Post
So what are the options if a recession hits with a $1T deficit this year.
Blame the democrat president that will invariably inherit the mess. Worked last time
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Old 08-14-2019, 11:48 PM
 
11,107 posts, read 11,022,872 times
Reputation: 5462
Quote:
Originally Posted by GABESTA535 View Post
It's inevitable, taxes will have to be raised by a large margin and government spending will have to be cut by a large margin at the same time.
Shhhhhh. Don't tell Republicans.
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Old 08-15-2019, 06:28 AM
 
Location: Long Island
33,643 posts, read 14,177,148 times
Reputation: 7209
Quote:
Originally Posted by GABESTA535 View Post
It's less likely that Republicans will vote for massive tax raises than Democrats would vote for spending cuts but both will be absolutely necessary.
Very true, both are needed even Reagan had the good sense to raise taxes after his massive tax cut due to increasing deficits, I don't see this administration admitting that the 2017 tax cut was a massive mistake.
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