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Deficits gonna matter again

YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,952
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Probably looking at $4 trillion this year. Yikes.

https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/
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    PurpleThrobberPurpleThrobber Member Posts: 41,863
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    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

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    YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,952
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    PurpleThrobber said:

    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

    Thanks Trump, Obama, Bush 43. Fucking dicks.
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    WestlinnDuckWestlinnDuck Member Posts: 13,931
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    Blame the US education system and the MSM. We are a nation of economic illiterates - and that was a positive choice of the leftards that run both organizations. When the counselor can tell us that he voted for barry because he was the more fiscally responsible alternative shows you how far the rot has gone. One of the reasons I didn't vote for Trump was that he was going to spend like W on steroids and I didn't trust him on any other conservative policies. Generally been very favorably surprised except for the spending. But in spite of that, the Tug leftards don't think he is spending nearly enough. Did you know that Bloomberg could have given 340 million Americans a million dollars based on what he spent on his campaign? Over $500 million.
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    MikeDamoneMikeDamone Member, Swaye's Wigwam Posts: 37,781
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    Meh... Modern monetary theory will save us! Spend away!
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    YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,952
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    MikeDamone said:

    Meh... Modern monetary theory will save us! Spend away!

    Until it won’t.
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    DoogieMcDoogersonDoogieMcDoogerson Member Posts: 2,482
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    I say we just tell China we want a credit for this mess they created.

    Now that said, Dems will likely try to use budget deficit growth in their election campaign...and it will fail, of course, predictably.
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    MikeDamoneMikeDamone Member, Swaye's Wigwam Posts: 37,781
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    YellowSnow said:

    MikeDamone said:

    Meh... Modern monetary theory will save us! Spend away!

    Until it won’t.
    AOC says it will.
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    PurpleThrobberPurpleThrobber Member Posts: 41,863
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    YellowSnow said:

    PurpleThrobber said:

    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

    Thanks Trump, Obama, Bush 43. Fucking dicks.
    Two totally different causations.

    Trump is a debt guy - but he's not a tip over the entire country kind of debt guy. He understands leverage ratios and shit.

    The ONE thing the US is pretty damned good at is finance. We'll spend ridonkulous amounts on hookers and blow and government cheese and entitlements - but when it comes to owning the foreigners, the US generally always kicks ass. Been that way since WWI and stealing away all the English and French gold reserves. Fast forward to being the financier for WWII and the Marshall Plan, same thing.

    Greed is good. The Throbber has massive faith in US finance guys v everybody else - even though they occasionally step on their own dicks with crazy ass derivatives and real estate bubble crash thingys.

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    jecorneljecornel Member Posts: 9,599
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    WestlinnDuck said:

    Blame the US education system and the MSM. We are a nation of economic illiterates - and that was a positive choice of the leftards that run both organizations. When the counselor can tell us that he voted for barry because he was the more fiscally responsible alternative shows you how far the rot has gone. One of the reasons I didn't vote for Trump was that he was going to spend like W on steroids and I didn't trust him on any other conservative policies. Generally been very favorably surprised except for the spending. But in spite of that, the Tug leftards don't think he is spending nearly enough. Did you know that Bloomberg could have given 340 million Americans a million dollars based on what he spent on his campaign? Over $500 million.

    Bhagavad Trump will fix it. He is a great fixer!!! Give him tim to get his guys in there.
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    YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,952
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    PurpleThrobber said:

    YellowSnow said:

    PurpleThrobber said:

    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

    Thanks Trump, Obama, Bush 43. Fucking dicks.
    Two totally different causations.

    Trump is a debt guy - but he's not a tip over the entire country kind of debt guy. He understands leverage ratios and shit.

    The ONE thing the US is pretty damned good at is finance. We'll spend ridonkulous amounts on hookers and blow and government cheese and entitlements - but when it comes to owning the foreigners, the US generally always kicks ass. Been that way since WWI and stealing away all the English and French gold reserves. Fast forward to being the financier for WWII and the Marshall Plan, same thing.

    Greed is good. The Throbber has massive faith in US finance guys v everybody else - even though they occasionally step on their own dicks with crazy ass derivatives and real estate bubble crash thingys.

    So much of that 20th ass kicking occurred when life expectancy was like 62. It’s a lot harder to kick ass when life expectancy is 78 and everyone wants a cumfy retirement starting in their early 60s. R&D spending and infrastructure gets the axe so we can buy more scooter chairs.
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    GrundleStiltzkinGrundleStiltzkin Member Posts: 61,481
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    YellowSnow said:

    PurpleThrobber said:

    YellowSnow said:

    PurpleThrobber said:

    YellowSnow said:

    Probably looking at $4 trillion this year. Yikes.

    https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/

    Like winter, inflation is coming.

    Thanks Trump, Obama, Bush 43. Fucking dicks.
    Two totally different causations.

    Trump is a debt guy - but he's not a tip over the entire country kind of debt guy. He understands leverage ratios and shit.

    The ONE thing the US is pretty damned good at is finance. We'll spend ridonkulous amounts on hookers and blow and government cheese and entitlements - but when it comes to owning the foreigners, the US generally always kicks ass. Been that way since WWI and stealing away all the English and French gold reserves. Fast forward to being the financier for WWII and the Marshall Plan, same thing.

    Greed is good. The Throbber has massive faith in US finance guys v everybody else - even though they occasionally step on their own dicks with crazy ass derivatives and real estate bubble crash thingys.

    So much of that 20th ass kicking occurred when life expectancy was like 62. It’s a lot harder to kick ass when life expectancy is 78 and everyone wants a cumfy retirement starting in their early 60s. R&D spending and infrastructure gets the axe so we can buy more scooter chairs.
    I’m hearing we’re fixing that problem right now. Race excepted.
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