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Old 02-08-2018, 02:15 PM
 
1,816 posts, read 1,150,475 times
Reputation: 1862

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So the fat man is always saying what a "mess" he inherited as it pertains to everything really. He is now in the process of creating a fiscal and deficit "MESS" of his own making. To wit, because of all his reckless spending by adding to the deficit to pay for a tax cut that wasn't needed he and his corrupt administration our now on pace to have a trillion dollar deficit for the fiscal year ending on September 30, 2018. Double the $500,000 from the prior year and the largest deficit ever in any single year!

To make matters worse the spending bill about to pass is going to add another $300 billion over the next two years just making a bad situation worse. Also, the dow was down 1,000+ points today, a continuance of a cratering market, which is surely reacting negatively to all the wild spending the fat man is signing off on.

Lastly, as interest rates increase as they surely will, and are, the cost of paying for all this debt is going to rapidly increase, making it even more difficult to get back to anything representing fiscal sanity - like taking in more money than is going out the door.

Way to go Donny you have taken a goldilocks economy bequeathed to you by BO and made a real "MESS'!
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Old 02-08-2018, 02:20 PM
 
2,003 posts, read 1,168,392 times
Reputation: 1949
Here come the Trump defenders , defending record spending in 5,4,3,2,1...
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Old 02-08-2018, 02:22 PM
 
Location: Cape Cod
24,495 posts, read 17,232,699 times
Reputation: 35791
If Trump was allowed to enforce his campaign promise of ridding the country of illegal aliens then we would not have a problem with the budget at all. The overall yearly cost fro taking care of these people is a reported $318 Billion.
Imagine if the taxpayers were not required to take care of all these millions of people that should not even be here?
We could level the national debt in a handful of years but no Trump is a bad man for suggesting it.
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Old 02-08-2018, 02:37 PM
 
34,300 posts, read 15,652,035 times
Reputation: 13053
Quote:
Originally Posted by wilful View Post
So the fat man is always saying what a "mess" he inherited as it pertains to everything really. He is now in the process of creating a fiscal and deficit "MESS" of his own making. To wit, because of all his reckless spending by adding to the deficit to pay for a tax cut that wasn't needed he and his corrupt administration our now on pace to have a trillion dollar deficit for the fiscal year ending on September 30, 2018. Double the $500,000 from the prior year and the largest deficit ever in any single year!

To make matters worse the spending bill about to pass is going to add another $300 billion over the next two years just making a bad situation worse. Also, the dow was down 1,000+ points today, a continuance of a cratering market, which is surely reacting negatively to all the wild spending the fat man is signing off on.

Lastly, as interest rates increase as they surely will, and are, the cost of paying for all this debt is going to rapidly increase, making it even more difficult to get back to anything representing fiscal sanity - like taking in more money than is going out the door.

Way to go Donny you have taken a goldilocks economy bequeathed to you by BO and made a real "MESS'!
The congress and that includes the Dems don't agree with you. No spending bill has passed yet.

Fear mongering and panic will work on the weak minded like it always does. One month short of a 9 year bull market. Did anyone think there wouldn't be a correction when it was overdue ?
Increased volatility in a market when there is a transition in the economy shouldn't be unexpected.
Its far to early to make definitive predictions and never to late to preserve capital. WTFU
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Old 02-08-2018, 02:43 PM
 
1,816 posts, read 1,150,475 times
Reputation: 1862
Quote:
Originally Posted by phma View Post
The congress and that includes the Dems don't agree with you. No spending bill has passed yet.

Fear mongering and panic will work on the weak minded like it always does. One month short of a 9 year bull market. Did anyone think there wouldn't be a correction when it was overdue ?
Increased volatility in a market when there is a transition in the economy shouldn't be unexpected.
Its far to early to make definitive predictions and never to late to preserve capital. WTFU
It's not fear mongering to point out the truth last time I checked. You and your ilk just can't handle the truth.

And WTFU to you my friend!
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Old 02-08-2018, 02:48 PM
 
Location: NE Ohio
30,419 posts, read 20,306,967 times
Reputation: 8958
Who is "Donny?"
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Old 02-08-2018, 03:28 PM
 
18 posts, read 12,469 times
Reputation: 31
Quote:
Originally Posted by phma View Post
The congress and that includes the Dems don't agree with you. No spending bill has passed yet.

Fear mongering and panic will work on the weak minded like it always does. One month short of a 9 year bull market. Did anyone think there wouldn't be a correction when it was overdue ?
Increased volatility in a market when there is a transition in the economy shouldn't be unexpected.
Its far to early to make definitive predictions and never to late to preserve capital. WTFU
Bull market? You can't be serious. Google S&P 500 performance and look at the growth.

Typical Trump supporter that can not read a graph or quote basic facts.

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Old 02-08-2018, 03:44 PM
 
16,579 posts, read 20,709,696 times
Reputation: 26860
It was only a very short while ago that the GOP claimed to care about the debt and deficits. Now taxes have been cut and Congress is prepared to start spending like a drunken sailor on leave. But whoohooo! All that matters is that Trump is president and Hilary is not.

Trump has a history of failed businesses and bankruptcies and he ran on his record, so none of this is a surprise.
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Old 02-08-2018, 03:46 PM
 
Location: Columbia, SC
37,200 posts, read 19,200,869 times
Reputation: 14904
Quote:
Originally Posted by treasurefinder View Post
Here come the Trump defenders , defending record spending in 5,4,3,2,1...
Don't call them that. They prefer to be known as "deficit hawks".
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Old 02-08-2018, 03:48 PM
 
16,579 posts, read 20,709,696 times
Reputation: 26860
Quote:
Originally Posted by Cape Cod Todd View Post
If Trump was allowed to enforce his campaign promise of ridding the country of illegal aliens then we would not have a problem with the budget at all. The overall yearly cost fro taking care of these people is a reported $318 Billion.
Imagine if the taxpayers were not required to take care of all these millions of people that should not even be here?
We could level the national debt in a handful of years but no Trump is a bad man for suggesting it.
"If we could just get rid of the _________, who are causing all the economic problems, we'd be fine."

Why does that sound familiar?
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