DFD

dubshow wrote: ↑Tue Oct 22, 2019 2:12 pm

Detroit wrote: ↑Tue Oct 22, 2019 2:09 pm I'd like to think that the fed acting proactively could lessen the impact of a recession.

I know that I'm likely

its not a right or wrong. Just a different way of using debt to cut the black tar heroin down.

Detroit wrote: ↑Tue Oct 22, 2019 2:09 pm I'd like to think that the fed acting proactively could lessen the impact of a recession.

I know that I'm likely

Melon wrote: ↑Tue Oct 22, 2019 2:18 pm

Detroit wrote: ↑Tue Oct 22, 2019 2:09 pm I'd like to think that the fed acting proactively could lessen the impact of a recession.

I know that I'm likely

Seems to be a precursor to the inevitable.

Detroit wrote: ↑Tue Oct 22, 2019 2:19 pm

Melon wrote: ↑Tue Oct 22, 2019 2:18 pm

Seems to be a precursor to the inevitable.

It's absolutely the inevitable.

But if it could not be full-blown again, that would be great.

Federal spending programs that are "designed to transfer income ... to individuals or families" are set to hit a record $3,223,943,000,000 in fiscal 2020, according to projections published by the Office of Management and Budget.

These so-called "payments for individuals" (as the OMB calls them) are projected to account for 67.9% of all federal spending this fiscal year and consume 14.4% of the nation's gross domestic product.

In 1940, the federal government spent only 2.1% of GDP on "payments for individuals." As a percentage of GDP, these payments peaked in fiscal 2010 at 15.5%.

When the projected debt total for the end of this fiscal year ($24,057,463,000,000) is compared to the debt at the close of previous fiscal years (after they have been adjusted into constant September 2019 dollars using the Bureau of Labor Statistics inflation calculator), it, too, is a record.

The people who run our government are truly record setters — when it comes to taking money from one group and giving it to another.

That includes taking money from future generations and spending it on their own.

dubshow wrote: ↑Wed Oct 23, 2019 11:03 am



https://www.cnsnews.com/commentary/tere ... ecord-fy20

excel for ref.

https://www.whitehouse.gov/wp-content/u ... y2020.xlsx

Federal spending programs that are "designed to transfer income ... to individuals or families" are set to hit a record $3,223,943,000,000 in fiscal 2020, according to projections published by the Office of Management and Budget.

These so-called "payments for individuals" (as the OMB calls them) are projected to account for 67.9% of all federal spending this fiscal year and consume 14.4% of the nation's gross domestic product.

In 1940, the federal government spent only 2.1% of GDP on "payments for individuals." As a percentage of GDP, these payments peaked in fiscal 2010 at 15.5%.

When the projected debt total for the end of this fiscal year ($24,057,463,000,000) is compared to the debt at the close of previous fiscal years (after they have been adjusted into constant September 2019 dollars using the Bureau of Labor Statistics inflation calculator), it, too, is a record.

The people who run our government are truly record setters — when it comes to taking money from one group and giving it to another.

That includes taking money from future generations and spending it on their own.

Big Brain Bradley wrote: ↑Wed Oct 23, 2019 11:18 am

dubshow wrote: ↑Wed Oct 23, 2019 11:03 am



https://www.cnsnews.com/commentary/tere ... ecord-fy20

excel for ref.

https://www.whitehouse.gov/wp-content/u ... y2020.xlsx

Bruh... 3.22 trillion in transfers..

$3.643 trillion revenue. That leaves only 423 billion for the rest of the entirety of the government without going more into debt. Which we will to the tune of another trillion fucking dollars!

wap wrote: ↑Wed Oct 23, 2019 1:16 pm Are we tired of winning yet?

Big Brain Bradley wrote: ↑Wed Oct 23, 2019 1:20 pm

wap wrote: ↑Wed Oct 23, 2019 1:16 pm Are we tired of winning yet?

What are we winning

wap wrote: ↑Wed Oct 23, 2019 1:26 pm

Big Brain Bradley wrote: ↑Wed Oct 23, 2019 1:20 pm

What are we winning

Don;t ask me.
told us we'd be winning so much that we'd get tired of winning.

wap wrote: ↑Wed Oct 23, 2019 1:16 pm Are we tired of winning yet?

Big Brain Bradley wrote: ↑Wed Oct 23, 2019 1:52 pm

wap wrote: ↑Wed Oct 23, 2019 1:26 pm

Don;t ask me.
told us we'd be winning so much that we'd get tired of winning.

Trump is an idiot