Stock Market Question
- Thread starter SparkleCity
- Start date
Your lord and messiah has something to say.
Trump says he doesn't care about a national debt explosion because ‘I won't be here’
Aides reportedly reveal president does not see tackling ballooning $21.8 trillion debt as ‘crucial’ to his legacywww.independent.co.uk
No name, no believe. "Sources" is just code for leftist liars. No evidence that Trump said that.
But BIDEN did claim that government spending wasn't causing inflation. And unlike your leftist liars, I have the video. Along with misleading lies about deficit reduction and paying your "fair share" while he used S Corps himself to avoid paying his "fair share:.
https://www.dailymail.co.uk/video/n...overnment-spending-not-causing-inflation.html
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you right wing nut job liars are funny
The Heritage Foundation’s Stephen Moore, a supply-side economist who advised the president during the 2016 campaign, said that Trump believes that the country can grow its way out of any debt problem (It absolutely can't as even Mr. Moore has stated) https://www.thefiscaltimes.com/2018/12/05/Trump-Says-National-Debt-Not-His-Problem-Report
Then we have Trump's chief of staff
When Trump previewed his speech for 20 Republican supporters on Monday, Mulvaney argued that the ballooning deficit didn't need to be included because "nobody cares" about it, ABC News reports. That's not what Mulvaney would've said in his congressional days.
Ahead of its passage, the Congressional Budget Office concluded the GOP tax overhaul would add $1.46 trillion to the deficit over the next decade. Another report concluded that, with an additional round of cuts proposed but not passed the next year, the total could reach $3.2 trillion. Yet Mulvaney defended the GOP's tax reform proposal all the way, telling Fox News in October 2017 that America needed "new deficits"
Mick Mulvaney says 'nobody cares' about the deficit. He used to. A lot.
The latest Speed Read,/speed-reads,,speed-reads, breaking news, comment, reviews and features from the experts at The Week
theweek.com
Trump: U.S. will never default 'because you print the money' | CNN Politics
Donald Trump declared Monday the U.S. never has to default on debt "because you print the money," while trying to clarify his strategy for managing the national debt.
The difference is that his reports had NAMES associated with it. Yours quoted "sources". You are a liar and I'm trying to figure out if you are just having fun being an antagonist and troll, or you may really believe what you say. I dont think you believe it. That would make you even more of a moron and liar than you make yourself out to be.you right wing nut job liars are funny
The Heritage Foundation’s Stephen Moore, a supply-side economist who advised the president during the 2016 campaign, said that Trump believes that the country can grow its way out of any debt problem (It absolutely can't as even Mr. Moore has stated) https://www.thefiscaltimes.com/2018/12/05/Trump-Says-National-Debt-Not-His-Problem-Report
Then we have Trump's chief of staff
When Trump previewed his speech for 20 Republican supporters on Monday, Mulvaney argued that the ballooning deficit didn't need to be included because "nobody cares" about it, ABC News reports. That's not what Mulvaney would've said in his congressional days.
Ahead of its passage, the Congressional Budget Office concluded the GOP tax overhaul would add $1.46 trillion to the deficit over the next decade. Another report concluded that, with an additional round of cuts proposed but not passed the next year, the total could reach $3.2 trillion. Yet Mulvaney defended the GOP's tax reform proposal all the way, telling Fox News in October 2017 that America needed "new deficits"
Mick Mulvaney says 'nobody cares' about the deficit. He used to. A lot.
The latest Speed Read,/speed-reads,,speed-reads, breaking news, comment, reviews and features from the experts at The Week
Trump: U.S. will never default 'because you print the money' | CNN Politics
Donald Trump declared Monday the U.S. never has to default on debt "because you print the money," while trying to clarify his strategy for managing the national debt.www.cnn.com
80% of money in circulation printed in 2020. Think about that, 80% of our currency in circulation printed in the span of a year so too big to fails can give out negative real interest rate money to hedge funds to keep the market ‘healthy’ in an election year.
Blackrock among others has been saying the market is frothy for over a year. Anyone paying any attention should have seen this correction coming because of how over leveraged this market is as a whole even before Covid. This correction is just the start and I would easily expect a 50% correction from ATH’s. Burry has stated he could see -80% but he’s a bear in almost any market condition.
It’s ridiculous seeing political biases come out with people trying to simply inflation into blaming $600 Covid checks totaling something like 800 billon dollars and the fed printed 20 times that over the course of two years. The fed is and always has been the problem.
Blackrock among others has been saying the market is frothy for over a year. Anyone paying any attention should have seen this correction coming because of how over leveraged this market is as a whole even before Covid. This correction is just the start and I would easily expect a 50% correction from ATH’s. Burry has stated he could see -80% but he’s a bear in almost any market condition.
It’s ridiculous seeing political biases come out with people trying to simply inflation into blaming $600 Covid checks totaling something like 800 billon dollars and the fed printed 20 times that over the course of two years. The fed is and always has been the problem.
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You get it. And both sides—Democrats and Republicans are complicit in it. The Cares Act and Covid relief packages that had bipartisan support absolutely had a direct impact on the inflation we’re seeing now. You can’t just hand out money and not expect it to effect the value of a dollar.
I stated in 2020 on a thread that we should have taken a page out of the history books from the Great Depression. When the pandemic started the government should have paid those willing and able to work and provide them infrastructure jobs around this country. We could have improved our lives, built things that became profitable over time and helped those willing to work.
Instead we handed billions to corporations and those that needed it least and sprinkled a few dollars around to the American public…and some in the general public never even needed it. Even those that did need the relief should have had to work for their money. The government literally gave people money for nothing…and both parties are to blame.
The vague term "bipartisan support" doesn't really tell the complete truth. The Dem House wrote the bills with TONS of pork spending. The Republican Senate stripped a lot of that out, and tried to strip more out, due the Dems in the House refused to do so and demonized the Republicans for trying to do so. Republicans did completely stop the "heros" act during covid, which was another $3 trillion is spending right after the initial bill.
Then, after the election, the Dems passed ANOTHER bloated covid bill that was LOADED with pork, and Republicans had no way to stop it. Then the Dems (with the help from a few Rinos) passed ANOTHER pork loaded "infrastructure" bill. And the tried to pass ANOTHER monster spending bill with Build Back Better, that got no Republican support, and fortunately, a couple of Dems kept it from passing. Otherwise, it too had complete support.
Republicans aren't perfect, but the Dem would spend endlessly with zero conscience. If they had their way, we would probably be closer to $14 TRILLION in spending since the start of the pandemic.
Sleepy Joe is also wanting to cancel $10,000 of of everyone's student loans. That should really help with inflation. Sure dosen't sound fair to the ones that have worked and saved to pay off student loans. All off this just in time for election day. Sounds like a vote buying scheme.
Is he gonna give me $10,000 since I paid off my $60,000 in 8 years?!?!?
Possibly. He bought votes in the Georgia Senate races thanks to the venality of him and a large percentage of voters. It's a reason for impeachment, but that will never happen.
Oh he won’t get my vote. But he forgives student loans he owes those of us who worked hard, saved, and sacrificed to pay ours off.
A good chunk of them probably dont even realize they had to eventually pay their loans back. And a good portion havent made a payment in a very long time with the loan pause. Then you've got the entitlement crowd. So I doubt many will be as grateful as Joe thinks and it's certainly not a comforting thought to the taxpayer to see your money spent like that. Or maybe that's just me.
They knew they had to pay those loans back. You can’t convince me that an adult who is going to college doesn’t know they have to pay loans back
Idk, not everyone who goes to college today are considered bright. Id add many possibly financially illiterate. And it's real easy, I mean real easy to get a student loan. But perhaps you are right.
Liberals want conservatives to pay their bills. Talk about weak.
My hope is once they are in power, conservatives try to address the root of the problem instead of feeding it like the liberals do. Anytime you bypass the free market in education with taxpayer money, it's a green light for colleges to charge more. Forgiving student debt is just another step in the stairway of the escalating cost of education.
I know some would call me crazy but I would be all for doing away with public school. Get the government out of it all together.
Totally agree. At the very least, I'd like to see us abolish the dept of education at the federal level. I believe we have been in a steady decline world wide ever since it was formed. Govt is not the answer.
I vote Republican, but the last time they were in power with the Presidency, House and Senate in Republican control, they didn’t accomplish very much. I blame former Speaker Paul Ryan for much of this. I have little confidence in any politician, whose primary interest is in getting re-elected. Term limits are needed. Twelve years should be the maximum and should be enough to get something done.
I agree on the Dept of Education being abolished. This was not in the Constitution and should be a state function.
I'd like to think a lot has happened since the days of Paul Ryan with depts being weaponized and such. They better not forget that. My hope is when Republicans are in full power again, they come in with a wrecking ball like never before. If it cant be cleansed, remove it from existence. After the last few years, they should have the mandate.
In the meantime, I wont hold breath on term limits. I'm not sure we could get it done if everyone we elected from here on out said they were for it... before they changed their minds.
Maybe they have that health care reform ready on day one,they had plenty of time to get it together.
... or maybe they could get out of the healthcare business all together and let the free market dictate prices after requiring hospitals and such to post pricing as a form of competition like the last administration wanted them to do. Or maybe they could stop making it unlawful for a doctor to charge a cash paying patient less than what Medicare would pay. That would be a good start.Maybe they have that health care reform ready on day one,they had plenty of time to get it together.
I think the health care system should be treated like all other essentials in the country like the electrical and postal services,they can’t raise the price without approval.left unchecked,they can and will charge what they want and there’s nothing we can do about it as we got to have it.what they charge for healthcare in this country is criminal.Hopefully in the near future,I can give a big ole middle finger the the electric company and oil company and say f***off.
What you think your light bill would be if they didn’t have to get approval to raise your rate? I posted earlier on my trip to the hospital for a stone,didn’t get an iv,just a shot and a trip in the doughnut ride and that was $7,000.Totally ridiculous.I’m all for people charging what they want for their goods and services,you can pay for it if you willing to pay that price but when it comes to the necessity’s of life,they should be watched over.
What do you think that hospital bill would be if you just paid for the services rendered to you? Instead of footing the bill for 8 people before you who “can’t afford” it. $40 aspirin, $600 IV. Bull crap. Let me pay for what I used and let others do the same. No more insurance, no more handouts. Stop making those of us who can pay, pay for triple or quadruple the service because others couldn’t.
Man your blind support for one party’s pork spending while crushing the other party for it is hypocritical at best. The last President to balance the budget was Bill Clinton back in the 1990s. Before that it was Andrew Jackson in the 1830s. You mean to tell me Republicans haven’t had control of the Presidency and Congress in all that time? But I’m sure it was the Democrats holding them back. 🙄
First of all these were not loans and just as many of you piss and moan about the student loan forgiveness (which for the record I don’t support bc I went to school and paid off my loan within 5 years of graduating from school by borrowing only what I must) but were called loans but the federal government literally gave money to businesses. The only ones that paid money back were the few that were dumb enough to borrow AND get busted for not using the funds appropriately which under the guidelines is pretty hard to do.
A great example at the local level was churches and private schools. And your Republican leadership in this state looked to allow these private schools Cares Act funds to receive more money AFTER accepting large amount of PPP until the state Supreme Court stepped in and stopped them. You’re also conveniently leaving out the fact that many businesses with ties to former President Trump (directly or indirectly) benefitted financially from these loans….especially with the round of spending once Trump was a lame duck President….unless you believe his fake claim that he wasn’t a lame duck to begin with. Which in that case I doubt I could ever logically discuss a talking point with you.
The entire package was pork spending disguised as help. Just like with the chump change given to Americans directly. While a few needed it, many of the checks found their ways to people that did not. And I have not even went down the hole of the money that went overseas to Russian, Chinese and other hackers.
The infrastructure program was the only one of those programs that even made financial sense but what SHOULD be a good for the public that would finance itself over time will end up being another pork project with very little help for the American people. It’s always amazed me how European and Asian countries can figure out how to create a high speed rail program to benefit their citizens without their economies going into the crapper but Americans can’t wrap their head around getting it done.
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I'm speaking strictly of these huge spending packages of the last few years. All were written by Democrats in the House with mountains of pork spending in them, and all were trimmed down or completely opposed by Republicans. And you are right about the handouts to individuals. Many didn't really need it. Republicans complained and were demonized for it. Graham was one of those that tried to scale it back, but Democrats took to their media and railed on him and others. Politically, it's hard to compete with the Santa Claus Dems that love to hand out money we don't have to buy votes. And the infrastructure bill was insanely stupid. It was like someone that is broke going to the hospital and racking up huge bills, and then deciding to pull out their credit card and take a Hawaiian vacation a month later. Just financially reckless, and they even tried to spend ANOTHER 4 trillion with Build Back Bullshit, and thankfully that was shut down. Just insane and indefensible.
As for Trump businesses directly or indirectly benefiting from the loans, that's just BS. Any business that fit the criteria should have been allowed access, including any business associated with Trump or any of the Dems, as long as it was within the rules. If Pelosi and crew wrote bad bills that allowed access to funds and refused to change it, then that's how the law works. The first bill actually had it written into the bill that high ranking officials shouldn't be able to benefit. And Trump signed it. How many of the Dem bills since have had that provision? None. That should tell you something.
As for education spending, after seeing the FLOOD of money to public schools, I don't want to hear anything about private schools getting assistance. It was amazing to see Democrats, who fight for public money to perform abortions, suddenly decide that public money was only for the public when McMaster wanted to provide $6500 grants for one year to lower income student to attend a private school. Of course, we know it's never really about the kids. Just the money.
And Clinton did kinda balance the budget, and not really. He was forced by a Republican Congress to balance the budget. And don't forget, Clinton left the economy is a mess. It's true that he did increase income with huge tax increase almost immediately, and lost Congress in the next election. But he would have ballooned deficits if he would have had his way. Remember, he tried to take over healthcare too. It was the Republican Congress that killed all of the insane spending that he put forth. Kind of like Biden bragging about "deficit reduction". Nothing more than a misleading lie. Of course the yearly deficit would come down after COVID spending years. That level of spending was insane and unsustainable. What is scary is that if he would have been able to pass his Build Back Bullshit bill, spending would have been HIGHER than at the peak of COVID. Mind-blowingly absurd. A level of financial stupidity that we have never seen in this country.
Like I said, Republicans aren't perfect and have had their share of pork in the past, but the recent financial disasters were on Democrats. They used COVID as an excuse to spend like drunken sailors, and would have let the country collapse rather than taking it out. The only thing I fault recent Republicans for is the few RINOs that signed on to the porkfrastructure bill. Trump tried to pass an infrastructure bill before COVID, and the Dems did everything they could to block it, despite it containing a lot of what they wanted. Then suddenly decided it was the perfect time to spend more trillions after spending trillions on COVID. A few stupid Republicans joined in when Democrats would have never do so under Trump. Hopefully all their sorry asses are gone soon.
this is hilariously wrong and stupid.
funny how republicans ”forced” Clinton to balance the budget but they damn well can’t force Republican presidents to do it.
but as Mick Mulvaney, Trump’s chief of staff said when Trump was President, ”No one cares about deficits anymore.” trump sure didn’t. republicans sure didn’t when he was in office. They proved that.
”republicans tried to strip it out”
LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL
propose huge tax cuts and spending, say on cable news you are opposing some of the spending items the other party wants, then have cult members say you are “trying to strip out the pork”
only partisan extremists actually buy that reasoning.
i got a kick out of the republicans that voted against the infrastructure bill and then went home and ran ads saying they “fought” for funding for years and finally got it.
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Wrong. You are just brainwashed.
Go look at the first COVID spending bill that came out of the House, and then look at it after the Senate was done with it. Pelosi's bill was over 1400 pages when she sent it to the Senate. The Republican Senate took it down to about 850 and tried to take out more, but the Dems refused.
FACT.
Dems knew and were actually in favor of paying people MORE on unemployment than they were making at their jobs. Made Republicans out to be terrible people for not supporting that. And then those morons were surprised that people didn't want to come back to work.
https://www.washingtonpost.com/nation/2020/03/26/coronavirus-sanders-unemployment-relief/
"“And now I find that some of my Republican colleagues are very distressed, they’re very upset that somebody who’s making 10, 12 bucks an hour might end up with a paycheck for four months more than they received last week,” said Sanders, waving his arms and pointing at his colleagues as he launched into a fiery speech on the Senate floor on Wednesday night. Oh my word, will the universe survive? How absurd and wrong is that? What kind of value system is that?"
This is the mental disease that is the Democrat party. How dare you think it is crazy to pay people more to sit home than they did when they were working!!!
Nothing but pandering fools. But what else should you expect from someone like Bernie who wrote rape fantasy "essays".
https://www.washingtonpost.com/nation/2020/03/26/coronavirus-sanders-unemployment-relief/
"“And now I find that some of my Republican colleagues are very distressed, they’re very upset that somebody who’s making 10, 12 bucks an hour might end up with a paycheck for four months more than they received last week,” said Sanders, waving his arms and pointing at his colleagues as he launched into a fiery speech on the Senate floor on Wednesday night. Oh my word, will the universe survive? How absurd and wrong is that? What kind of value system is that?"
This is the mental disease that is the Democrat party. How dare you think it is crazy to pay people more to sit home than they did when they were working!!!
Nothing but pandering fools. But what else should you expect from someone like Bernie who wrote rape fantasy "essays".
Pork is the problem. It’s a money grab. quit passing massive bills and start funding the problems. If they have the time and money to interview everyone that attended the Jan 6th debacle. They Shirley have time and resources to organize smaller bills and pay directly to issues needing the most attention. But lumping their dirty laundry in 1500 page bills is insane. .
What dumbass said we have to pass the bill to find out what’s in the bill. Stop voting for these morons.
the second or maybe even bigger problem is no term limits. It’s all crooked. I’ll take 100 business minded people to run this country everyday over career politicians. It’s been proven to be the most successful leadership for all classes of Americans.
What dumbass said we have to pass the bill to find out what’s in the bill. Stop voting for these morons.
the second or maybe even bigger problem is no term limits. It’s all crooked. I’ll take 100 business minded people to run this country everyday over career politicians. It’s been proven to be the most successful leadership for all classes of Americans.
I agree with this. Would have been hard in the 1700’s. But having a way to force things to a popular vote and not go through the senators would be nice. Yes I understand this is a dangerous double edge sword.
That would make it worse, not better.
What needs to happen is that the Feds need to be limited in what they control. Control needs to be at the state level. Then, each state and decide for themselves what they want to do, and pay for it themselves. That was the original idea. The founding fathers didn't want a huge, overbearing centralized government. Otherwise, we would have never needed states.
LOL
hypocrites
Trump raises coronavirus stimulus offer to $1.8 trillion, then says he wants bigger bill than Dems or GOP
Trump raises coronavirus stimulus offer to $1.8 trillion, then says he wants bigger bill than Dems or GOP
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi plan to meet later Friday as the try to reach a coronavirus stimulus deal.
Trump suggests he won't sign relief bill into law unless Congress makes changes including increasing stimulus checks to $2,000
Trump called the idea of $600 stimulus checks a "disgrace" while not mentioning that the idea for the checks came from his own Treasury Secretary, Steve Mnuchin who had negotiated the deal with Democrats and Republicans. Trump blindsided Mnuchin by suggesting he wouldn't sign the bill and wanted the checks to be raised to $2,000.
Trump suggests he won't sign relief bill into law unless Congress makes changes including increasing stimulus checks to $2,000
The outgoing president described the groundbreaking legislation as “a disgrace” and suggested he would not immediately sign off on aid for millions of Americans.
www.texastribune.org
