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Actually between 2013 -2017 tax revenue increased each year by around 4.5%, this is the best economy we have had in decades and its not keeping up with the 2017 tax cut. People should be concerned that we are running these historic deficits in a hot economy, imagine if there is a recession.
Yep. If you are just barely staying afloat in calm seas, then what happens when a storm hits?
Trump's all over the map, he's told us N Korea is no longer a nuclear threat, that he doesn't believe the US should be the world police, yet he wants to give the Department of Defense more $$$ than they ask for and they're not exactly known for going cheap in the first place.
Why aren't Democrats calling on Nancy Pelosi to cut the spending in Trump's budget?
Answer: It's not about the spending. It's about "Orange Man Bad".
When nothing works WK pulls "Orange man bad" BS! You have done it so many times that it is not even hilarious anymore Give it a rest please. Also do you not need further proof that orange man IS indeed bad??
I love it when people talk about the national debt. "$22 trillion dollars," they scream.
I then ask them, 'how many dollars are there?" No one knows. Well, here are the answers: M-1 (available cash) is about $3.8 trillion. M-2 (all US cash of every source) is about $14 1/2 trillion.
Both are somewhat less than $22 trillion. Get real. We will never pay off the national debt. We owe more money than exists.
The best we can do is be sure that when the government can no longer service its debt, we are personally not in debt with respect to anything that can be repossessed (houses, cars, etc.).
I love it when people talk about the national debt. "$22 trillion dollars," they scream.
I then ask them, 'how many dollars are there?" No one knows. Well, here are the answers: M-1 (available cash) is about $3.8 trillion. M-2 (all US cash of every source) is about $14 1/2 trillion.
Both are somewhat less than $22 trillion. Get real. We will never pay off the national debt. We owe more money than exists.
The best we can do is be sure that when the government can no longer service its debt, we are personally not in debt with respect to anything that can be repossessed (houses, cars, etc.).
"The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP)[a] as of Q1 2014."
I love it when people talk about the national debt. "$22 trillion dollars," they scream.
I then ask them, 'how many dollars are there?" No one knows. Well, here are the answers: M-1 (available cash) is about $3.8 trillion. M-2 (all US cash of every source) is about $14 1/2 trillion.
Both are somewhat less than $22 trillion. Get real. We will never pay off the national debt. We owe more money than exists.
The best we can do is be sure that when the government can no longer service its debt, we are personally not in debt with respect to anything that can be repossessed (houses, cars, etc.).
The laws of mathematics are immutable.
...I don't think you understand the laws of finance because this does not make any assumptions about the time value of money and utilizes a snapshot of data to extrapolate across time...
M2 accounts for straight cash and not financial instruments that represent cash value.
...And then you have to consider the fact that the American public is the largest holder of American debt.
So, in theory, we don't benefit from paying ourselves back in full. The question is how much debt should we hold regularly?
Can we stop pretending like the Republicans give a damn about fiscal responsibility now?
On the other hand... we KNOW that the Democrats don't care about fiscal responsibility.
I am trying to say that it's our problem since we keep voting the same people in... nobody wants to hear that.
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Give it a rest please. Also do you not need further proof that orange man IS indeed bad??
