Boutons says debt doesnt matter because we can alwaus print money to pay for it.
The U.S. posted a $146.8 billion budget deficit in May, the largest for the month since 2009, as revenue declined.
The budget gap rose 66 percent last month from a year earlier, the Treasury Department reported on Tuesday. Spending rose by 10.7 percent to $363.9 billion, compared with a 9.7 percent fall in receipts to $217.1 billion.
The government is facing increasing borrowing in the coming years partly due to tax cuts enacted this year and the strain on social and health spending from an aging population. For the first eight months of the fiscal year, the fiscal gap widened to $532.2 billion, up 23 percent from last year’s $432.9 billion deficit.
U.S. Posts Biggest Monthly Budget Deficit in May Since 2009
Turns out a giant tax cut for corporations is bad for the budget deficit.
https://www.bloomberg.com/news/artic...d&cmpId=google
Boutons says debt doesnt matter because we can alwaus print money to pay for it.
I know this is the punchline to your statement, but it can't be said enough, "Boutons is a ing re ed mongoloid completely disconnected from reality...and he probably tortures small woodland creatures."
What do you say about it?
He tortures them physically? or makes them read all that copy paste crap!?
I think congress will never have the balls to tell us we need to live within our means. A little deficit spending is ok. The levels we are approaching is insane.
But is the reported deficit news good news after the tax cut you wanted?
At this point I dont think it matters. Might as well party like theres no tomorrow.
In your own disingenuous way you agree with boutons.
and what point was that? when the democrat left office?
You think either party represents fiscal responsibility? Thats hilarious.
You don't care about it. Why should they?
just trying to figure out when you stopped caring
Oh, at some point people will decide they dont like US debt and the cost of borrowing will destroy the economy. Just a matter of time.
I think they should pass a law that if they go over their means people have to vote to allow them to do so
You guys are funny. Like I could change it lol.
No you don't, Trump's tax bill would have never passed.
Not anytime soon if people like you don't give a .
yes I do I have said that for years
did you for the last 10?
Yet you were for exploding the deficits with the tax cut.
Years? Yes. Economically it's been a good run. This is the time to be running surpluses tbh.
none of us can change anything. therefore we should all stop posting our thoughts and opinions in the political forum
I care about a lot of things that I can personally change. I care about my business and making money. I care about paying my bills. I care about my wife and kids and grandkids. I care about spending quality time with them and hopefully leave them a few million when I die. I care about the things I can change.
Last edited by CosmicCowboy; 06-13-2018 at 03:00 PM.
Especially yours.
There are currently 1 users browsing this thread. (0 members and 1 guests)