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  1. #1
    Inexorable RandomGuy's Avatar
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    Increased debt issuance and lower demand from the Fed are pushing up borrowing costs
    [Economist daily chart-RG]


    With lower revenues and higher spending, Uncle Sam is now borrowing at a historic clip. This week the Treasury Department reported that the federal government borrowed $488bn in the first quarter of 2018, equivalent to $5.4bn every day. The Treasury now estimates that federal borrowing will reach $1.1trn this fiscal year, similar to the amount borrowed in 2011 when America was recovering from its worst economic downturn since the Great Depression.
    Last edited by RandomGuy; 1 Week Ago at 05:44 PM.
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    “To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.” -- The kind of Republican that would kicked out of the party today.

    "You know what uranium is, right? It’s this thing called nuclear weapons. And other things. Like lots of things are done with uranium. Including some bad things." -President Trump

    Putin has built up their military again and again and again. Their military is much stronger. He’s doing nuclear, we’re not doing anything. Our nuclear is old and tired and his nuclear is tippy-top from what I hear. Better be careful, folks, okay? You better be careful.” -President Trump



    http://www.spurstalk.com/forums/show...16#post9293816

  2. #2
    Veteran hater's Avatar
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    And he will get reelectd for it
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    MISAGA: Make Israeli and Saudi Armies Great Again



  3. #3
    I play pretty, no? TeyshaBlue's Avatar
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    Lower figures than I expected tbh.
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    Crushing humanity, one post at a time.
    But, geez, life is tough, it's just one crushing defeat after another until you just wish Flanders was dead.
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    Originally Posted by WC
    "...but it was your assumption that assumed I made an assumption"
    Originally Posted by boutons_deux
    ...you're not curious about anything outside of your close-minded, benighted blind ideology.

  4. #4
    The Boognish FuzzyLumpkins's Avatar
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    deficits good now
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  5. #5
    Veteran DarrinS's Avatar
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    Doubling the standard deduction is awesome. Would have saved me over 20k.

  6. #6
    Believe. Th'Pusher's Avatar
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    Doubling the standard deduction is awesome. Would have saved me over 20k.
    Are you okay with Uncle Sam borrowing $$$ so you can save $20k?

  7. #7
    dangerous floater Winehole23's Avatar
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    Borrow and spend Republicans. Time honored tradition.

  8. #8
    Veteran DarrinS's Avatar
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    Are you okay with Uncle Sam borrowing $$$ so you can save $20k?
    I’m not okay with paying 127k in taxes for 2017. Seems a tad excessive.

  9. #9
    Believe.
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    Borrow and spend Republicans. Time honored tradition.
    St Ronnie and his VRWC gang changed Fed finance from tax and spend to cut taxes then borrow and spend.

  10. #10
    Inexorable RandomGuy's Avatar
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    Doubling the standard deduction is awesome. Would have saved me over 20k.
    62,500 added to the debt every second.

  11. #11
    Inexorable RandomGuy's Avatar
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    Lower figures than I expected tbh.
    They have doubled the deficit. That means that Trumps one-term presidency will see about the same amount of debt added as Obama's two terms.

    https://www.thebalance.com/us-debt-b...ercent-3306296

  12. #12
    Inexorable RandomGuy's Avatar
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    Borrow and spend Republicans. Time honored tradition.
    Goldman Sachs: The fiscal outlook for the US 'is not good'
    Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05 trillion (7 percent of GDP) by 2028.
    "Lawmakers might hesitate to approve fiscal stimulus in the next downturn in light of the already substantial budget deficit," the economist said.
    The Congressional Budget Office projects that debt could equal GDP within a decade, a level not seen since World War II.
    https://www.cnbc.com/2018/05/21/gold...-not-good.html

    Borrowing more as interest rates creep up... is colossally stupid.

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