By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Politics Discussion - Beloved Leader's Bailout Begins!

numberwang on 31 August 2018
SpokenTruth said:
numberwang said:

Trump has lower deficits than Obama so far (FY 2016 - $1.423 trillion vs. FY 2017 - $672 billion FY 2018 - $1.233 trillion) and achieved that by giving more money back to the people.

Did you read your own links?

FY 2016 deficit - $685 billion.
FY 2017 deficit - $666 billion.
FY 2018 deficit - $863 billion.
FY 2019 projected deficit - $958 billion.

The numbers were from the second link that OP provided:

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

However, the projected numbers for 2018 and beyond are speculation and will depend on economic growth and we got some record numbers now.

U.S. Economy Surges To A 4.1 Percent Growth Pace In 2nd Quarter

https://www.npr.org/2018/07/27/632640711/u-s-could-see-blockbuster-economic-growth-number-today?t=1535725258250

At a new record high, the stock market has reached its 'now what' moment

https://www.cnbc.com/2018/08/28/at-new-a-new-record-high-the-stock-market-has-reached-its-now-what-moment.html

Unemployment rate matches lowest point in half a century

https://money.cnn.com/2018/06/01/news/economy/may-jobs-report/

2 Million Americans Quit Food Stamps in Trump’s First Year

https://www.theepochtimes.com/two-million-americans-quit-food-stamps-in-trumps-first-year_2468139.html

Last edited by numberwang - on 31 August 2018

Around the Network
numberwang on 31 August 2018
thismeintiel said:
The trade wars is definitely one of the things I disagree with Trump on. Can we come up with new agreements with countries that benefit us? Sure. But new or higher tariffs are never the answer. Just like socialism, history shows that it always fails when tried. One can not be so arrogant to think that they will be The One who can make it work.

The US is the worlds largest importer and thus has all advantages in negotiations. Nobody can afford to lose his sales into the US. You get results when you start using that muscle.

EU says it is willing to scrap car tariffs in US trade deal

https://www.politico.eu/article/eu-says-it-is-willing-to-scrap-car-tariffs-in-us-trade-deal/



SuaveSocialist on 31 August 2018
John2290 said:
as someone said in the last thread you might be suspected of having an agenda

Fine by me. I appreciate your looking out for me, but that sort of thing is so far beneath my concern, I cannot imagine why I'd ever possibly care.  Is being suspected of an agenda something people actually worry about in this corner of the Internet?

Well, to anyone who does, I say "You do you". It's of no consequence to me.

Cheers.



Cobretti2 on 31 August 2018
SpokenTruth said:
spurgeonryan said:
As long as I can continue to buy corn in a can for 50 cents I don't care.

I mean how do they make any money at all off that? I just bought two while chickens from Caputo's for 6 bucks. The chickens while life was worth maybe two dollars?

But it won't stay at $0.50.  Costs will go up.  How much? no way to know.  But keep in mind that everything that requires aluminum will go causing a chain effect of increased consumer prices.  The machines that make the cans, the machines that harvest the corn, the machines that separate the corn, the machines that package the corn, the vehicles that deliver the corn, the warehouse that stores the corn, the store that sells the corn.....see that butterfly effect?  Now apply that to all cans, all cars, all machines, etc....

That corn manufacturer may be getting a bail out but what about everything else in the supply chain?  Are you ready to pay for that too?

 

Trump is playing with something he doesn't have the intelligence to understand.

What is wrong with prices going up anyway? Everything in America is WAY to cheap, If you guys really care about your farmers you should pay more for food. 

Two who chickens for $6 is insane. They should be charging like $3-4bux per kg  assume he bought uncooked

Cooked one should be min $8. 

Even if your prices went up 20%, it would still be way under what people pay in other countries. Surely such a small increase to ensure your farming economy survives would be a fair price to pay?



 

 

o_O.Q on 31 August 2018
SpokenTruth said:
spurgeonryan said:
As long as I can continue to buy corn in a can for 50 cents I don't care.

I mean how do they make any money at all off that? I just bought two while chickens from Caputo's for 6 bucks. The chickens while life was worth maybe two dollars?

But it won't stay at $0.50.  Costs will go up.  How much? no way to know.  But keep in mind that everything that requires aluminum will go causing a chain effect of increased consumer prices.  The machines that make the cans, the machines that harvest the corn, the machines that separate the corn, the machines that package the corn, the vehicles that deliver the corn, the warehouse that stores the corn, the store that sells the corn.....see that butterfly effect?  Now apply that to all cans, all cars, all machines, etc....

That corn manufacturer may be getting a bail out but what about everything else in the supply chain?  Are you ready to pay for that too?

 

Trump is playing with something he doesn't have the intelligence to understand.

are you trying to imply that you understand this issue better than the president of the united states? isn't that a ridiculously arrogant stance to take?



Around the Network
Wyrdness on 31 August 2018
o_O.Q said:

are you trying to imply that you understand this issue better than the president of the united states? isn't that a ridiculously arrogant stance to take?

Being a politician or in any position doesn't mean you know better than everyone else by default.



GProgrammer on 31 August 2018

I just want to know when Trump said the following 3 statements

WTO "was the single worst trade deal ever made."

NAFTA "the worst trade deal maybe ever signed anywhere"

TPP "the worst trade deal in the history of the country,"

So of these 3 trade deals which one is really the worse?



Pemalite on 31 August 2018
numberwang said:

The US is the worlds largest importer and thus has all advantages in negotiations. Nobody can afford to lose his sales into the US. You get results when you start using that muscle.

That is changing as China grows.
I mean shit... Sequels to movies are no longer contingent on the original being successful in the USA as China is making up the difference. I.E. Pacific Rim.

My own country has had declining trade with the USA for years. - China for instance, simply give us a better deal on materials... And with the USA's protectionist approach, it's looking even better to do business with China rather than the USA.

John2290 said:
You are really going hard on these threads, as someone said in the last thread you might be suspected of having an agenda, one thing is certain you are being wilfully ignorant to all sides of these matters you keeping posting about and remain focused on things that suit your narrative in te OP's even when someone retorts with facts their own perspective.

Suspected?

Cobretti2 said:

What is wrong with prices going up anyway? Everything in America is WAY to cheap, If you guys really care about your farmers you should pay more for food. 

Two who chickens for $6 is insane. They should be charging like $3-4bux per kg  assume he bought uncooked

Cooked one should be min $8. 

Even if your prices went up 20%, it would still be way under what people pay in other countries. Surely such a small increase to ensure your farming economy survives would be a fair price to pay?

The USA/Americans have different buying habits, they tend to enjoy buying things in bulk and enjoy everything super-sized, everything from toilet paper to sugary soft drinks, which has does have a flow on effect to prices.

Are American farmers really doing it tough though? (Genuinely asking as I would be oblivious.)



--::{PC Gaming Master Race}::--

sundin13 on 31 August 2018
SpokenTruth said:
numberwang said:

The numbers were from the second link that OP provided:

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

You have to be careful not to mix up deficits with debt increases.  The latter can be conflated by things the president's budget has no control over such as interest rates and the buying/selling of treasuries plus intragovernmental trusts.

For example, let's look at FY 2016.

Revenue - $3.268 trillion.
Spending - $3.853 trillion.

Deficit - $685 billion.

But you are listing a debt increase of $1.423 trillion.  That's one of hell of a discrepancy.  We have to make sure if we are talking about debt and deficits.  They are different.

And if you want to look at the impact Trump's policies have on the deficit, just look at budget projections from January 2017 vs April 2018. Pretty much across the board we are seeing about a $200-$300 billion increase in the deficit per year (Debt begins to flatten around the end of the decade likely due to some sunset provisions which will place a higher percentage of the tax burden on lower income individuals).

As Numberwang has stated, the economy has been trending above projections GDP-wise, which to some degree has a masking effect. Because of the higher than average GDP, some of the negative pressures on debt have been weakened and we are still seeing things like the CBO revising their budget projections to increase the projected debt...

Last edited by sundin13 - on 31 August 2018

o_O.Q on 31 August 2018
Wyrdness said:
o_O.Q said:

are you trying to imply that you understand this issue better than the president of the united states? isn't that a ridiculously arrogant stance to take?

Being a politician or in any position doesn't mean you know better than everyone else by default.

i didn't say that