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The US National Debt

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  • #31
    Yes, yes I am.
    Matthew 25:14-30. Jesus tells that it is not sufficient merely to maintain things as they are. Those who await should make good use of the gifts that God has provided them.

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    • #32
      Originally posted by OJsDad View Post
      https://twitter.com/WSJ/status/1084238609912381443
      U.S. Consumer Prices Ticked Lower in December

      Wage growth was strong in the month; ‘consumer inflation remains stable and well-behaved’
      One of the comments from your link.



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      Replying to @WSJ @BMO68
      Is this in Utopia? No one I know of has had a wage increase. Grocery prices are rising. As is everything else, including utilities, insurance, etc. Gas prices are up and down.5cents less a gallon. Woopty do!

      http://www.multpl.com/inflation/table
      "Ask not what your country can do for you"

      Left wing, Right Wing same bird that they are killing.

      you’re entitled to your own opinion but not your own facts.

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      • #33
        Originally posted by Half Pint John View Post

        One of the comments from your link.



        More
        Replying to @WSJ @BMO68
        Is this in Utopia? No one I know of has had a wage increase. Grocery prices are rising. As is everything else, including utilities, insurance, etc. Gas prices are up and down.5cents less a gallon. Woopty do!

        http://www.multpl.com/inflation/table
        Around here they've dropped $0.50 a gallon over the last year. Haven't really noticed any price increases on food or clothing. They must be shopping the wrong places.
        Matthew 25:14-30. Jesus tells that it is not sufficient merely to maintain things as they are. Those who await should make good use of the gifts that God has provided them.

        Comment


        • #34
          Originally posted by G David Bock View Post

          And it grew by about $10 Trillion during Obama-nation's eight years as POTUS, which averages out to slightly more per annual. Basically doubled from @$10 trillion to @$20 trillion. Don't recall you bitching about your hero much back then.

          From the link;
          ...
          The national debt has been rising at an accelerated rate in the aftermath of the 2008 financial crisis, when Congress and the Obama administration approved stimulus funding in order to keep the economy afloat. [Stimulus funding was mostly in effect through 2009]
          ....
          Asked about the rising debt on Thursday morning, Council of Economic Advisers chairman Kevin Hassett said Trump is "absolutely" concerned about it, which is why he demanded a 5% budget cut from each Cabinet agency for the coming budget cycle.

          "We can disagree about a lot of things but we can agree maybe now is the time to get serious about the deficit," Hassett said.
          ....
          https://www.msn.com/en-us/money/mark...cid=spartandhp

          For a more extensive and detailed examination I recommend going here;
          http://www.usdebtclock.org/
          NOTE that holding your cursor over any given tally will show source, these are various guv'mint ones such as Treasury, OBM, etc.
          Also note the upper right where there is the "Debt Clock Time Machine" tab which will show certain years to select from, providing some gauge and scale over the recent years and last few decades. For example, here is this time in 2008;
          http://www.usdebtclock.org/2008.html
          Versus this time in 2016;
          http://www.usdebtclock.org/2016.html

          Farthest back this will go is to 1980 and as you'll see, we hadn't yet hit the first $trillion (though getting close);
          http://www.usdebtclock.org/1980.html
          I'll give you a like for this- however, Massena is making a valid point- and your approach looks like personal 'sour grapes.'

          Recently, I posted articles on the financial crisis in American waterways transportation - and got blasted. This doesn't change the fact that the Kerr waterway
          needs an immediate 134 million in repairs- or shuts down.


          I don't believe Mr. Kiley advocated for a lack of prudence- I suspect it was quite the opposite.
          The trout who swims against the current gets the most oxygen..

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