- Joined
- Apr 29, 2015
- Posts
- 19,245
No lie.
GDP has just been revised down to 1.9% The economy is in deep trouble
- Thread starter Aglaopheme
- Start date
bigsly
Literotica Guru
- Joined
- Aug 28, 2018
- Posts
- 2,010
"No lie", just usual asshol...I mean...opinion.
Rightguide
Prof Triggernometry
- Joined
- Feb 7, 2017
- Posts
- 67,433
That just a third quarter first look assessment, July through September. That is up from the 1.6 expected. Market is up. No need for panic.
BoyNextDoor
I hate liars
- Joined
- Apr 19, 2010
- Posts
- 14,158
The only thing that trickles down are the debt service payments.
In fiscal year 2020, interest payments will exceed the amount that the federal government spends on children, according to projections from the Urban Institute.
In fiscal year 2021, interest will surpass the combined amount spent on Medicaid, the Children’s Health Insurance Program, and subsidies for the purchase of health insurance under the Affordable Care Act.
In fiscal year 2022, interest spending will exceed all mandatory spending other than that for Social Security and the major health care programs. That budget category, known as “other mandatory” spending, includes programs for income security, military retirement, and agriculture.
In fiscal year 2023, the federal government will spend more on interest than defense.
In fiscal year 2020, interest payments will exceed the amount that the federal government spends on children, according to projections from the Urban Institute.
In fiscal year 2021, interest will surpass the combined amount spent on Medicaid, the Children’s Health Insurance Program, and subsidies for the purchase of health insurance under the Affordable Care Act.
In fiscal year 2022, interest spending will exceed all mandatory spending other than that for Social Security and the major health care programs. That budget category, known as “other mandatory” spending, includes programs for income security, military retirement, and agriculture.
In fiscal year 2023, the federal government will spend more on interest than defense.
BoyNextDoor
I hate liars
- Joined
- Apr 19, 2010
- Posts
- 14,158
Not ones that were promised they could borrow into a 4% growth quarterly and annually. They called it "assumed economic growth". It accounted for $600B in revenues that never manifested and required borrowing to cover the gap.
While the CBO projected 1.9% and got it exactly right.
The federal government can't make money in a whore house. (Mustang Ranch ring a bell)
These are the people you want to run healthcare?
Good luck with that if it happens.
adrina
Heretic
- Joined
- Feb 27, 2017
- Posts
- 25,430
BoyNextDoor
I hate liars
- Joined
- Apr 19, 2010
- Posts
- 14,158
A Tweet for everything
adrina
Heretic
- Joined
- Feb 27, 2017
- Posts
- 25,430
Shut it you groveling sycophant.
Trump criticized Obama for the same thing he has "achieved". And you most likely skewered Obama for what you are rationalizing for Trump.
this was when the US wasnt growing as fast as the WORLD was
now the WORLD is DEAD and America is flying
what a DUMMY you are
Wrong Element
Sentient Onion
- Joined
- May 5, 2002
- Posts
- 24,909
Business investment, which was supposed to be unleashed by the power of tax cuts for billionaires, has now dropped two straight quarters.
they are afraid of a potential DUM win
adrina
Heretic
- Joined
- Feb 27, 2017
- Posts
- 25,430
Anything to rationalize and excuse 45's disappointing (by his own standards) performance.
Keep groveling.
- Joined
- Apr 29, 2015
- Posts
- 19,245
I was waiting. Manufacturing jobs are also down
as is consumer confidence
But on a positive note, the deficit is really up there! Yay! Winning!!
Conager
¿Que? Cornelius!
- Joined
- Dec 2, 2014
- Posts
- 18,282
The GDP is not "down to 1.9%"
Your talking points seriously degraded over the last few years and now you can't even seem to parrot the talking points correctly.
The rate of growth of the GDP, says that the GDP is up 1.9% not down. Secondly 1.9% is not the GDP it's not even a percentage of the GDP it's the rate of the increase of the GDP. The only thing that's down is the rate of increase. The GDP itself is up.
The GDP that you say is indicative of an economy that is in big trouble is higher than it was at any time during the Obama Administration so how is that the economy in deep trouble, when the green energy economy was the most robust and wonderful economy in the history of economies?
Since you obviously don't even know the basics from an econ 101 class I suggest in the future you leave the economics talking points of the economy is going to die and only socialists will be able to save it talking points of someone that it can at least parrot them correctly.
Your talking points seriously degraded over the last few years and now you can't even seem to parrot the talking points correctly.
The rate of growth of the GDP, says that the GDP is up 1.9% not down. Secondly 1.9% is not the GDP it's not even a percentage of the GDP it's the rate of the increase of the GDP. The only thing that's down is the rate of increase. The GDP itself is up.
The GDP that you say is indicative of an economy that is in big trouble is higher than it was at any time during the Obama Administration so how is that the economy in deep trouble, when the green energy economy was the most robust and wonderful economy in the history of economies?
Since you obviously don't even know the basics from an econ 101 class I suggest in the future you leave the economics talking points of the economy is going to die and only socialists will be able to save it talking points of someone that it can at least parrot them correctly.
Conager
¿Que? Cornelius!
- Joined
- Dec 2, 2014
- Posts
- 18,282
Sigh.
Again. The rate of INCREASE has slowed.
There is more money INVESTED this quarter and last quarter than the quarter before. The rather robust economy has slowed, and is continuing to slow.
Eventually it will completely stall, meaning there will be no growth on an otherwise robust economy. It most likely will retrench (lose productivity) and then it will rebound. It's called an economic cycle.
The question is when it does all that will it take over eight years to rebound like it did under Obama?
S
seeshelly
Guest
So are you saying...
So are you saying that part of the reason that the debt is so high is because the Federal Government somehow decided that it should be a global children's charity network? I thought parents were supposed to pay for their own children. If the roll of the Federal government was shrunken down to just doing what the constitution outlines the budget would work. But don't worry. Trump knows that the Federal government has squandered trillions of dollars on charity give away programs to attract votes. Too bad so much of the money for "children" and all the other give away programs does so little to help children. It is nice that politicians get rich like the Clintons and Obamas and all the rest of the thieves.
I for one would never want the government stepping in to educate a child of mine, feed a child of mine, care of the medical needs of a child of mine. That is not their job it is my job and they fuck up everything they stick their nose into.
So are you saying that part of the reason that the debt is so high is because the Federal Government somehow decided that it should be a global children's charity network? I thought parents were supposed to pay for their own children. If the roll of the Federal government was shrunken down to just doing what the constitution outlines the budget would work. But don't worry. Trump knows that the Federal government has squandered trillions of dollars on charity give away programs to attract votes. Too bad so much of the money for "children" and all the other give away programs does so little to help children. It is nice that politicians get rich like the Clintons and Obamas and all the rest of the thieves.
I for one would never want the government stepping in to educate a child of mine, feed a child of mine, care of the medical needs of a child of mine. That is not their job it is my job and they fuck up everything they stick their nose into.
- Joined
- Apr 29, 2015
- Posts
- 19,245
Yet the feds cut rates, again.
Similar threads
