...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!
...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!
https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/05/10/remarks-by-president-biden-on-the-economy-5/
Biden also blasted Rick Scott after Scott called him "senile", but can't tell the difference between FL and WI (a sign of senility!).
https://nypost.com/2022/05/10/joe-biden-blasts-rick-scott-for-incapacitated-comments/
On Tuesday, May 10, 2022 at 9:03:49 PM UTC-4, TomS wrote:
...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!The FY20 & FY21 Federal budgets were under Trump.
...and Biden's FY22 budget is $0.8T less than Trump's FY21 budget.
So tell us again about when this "runaway spending" occurred?
Similarly, if your complaint is actually that you don't believe that the
rate of correction is fast enough, then tell us what rate you say it
should be, and how you've determined that it won't shrink the GDP
by enough to crash the economy into a recession. For example,
a -$0.8T spending reduction is -3.5% of GDP.
-hh
On 2022-05-10 6:03 p.m., TomS wrote:
...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!
https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/05/10/remarks-by-president-biden-on-the-economy-5/
Biden also blasted Rick Scott after Scott called him "senile", but can't tell the difference between FL and WI (a sign of senility!).
https://nypost.com/2022/05/10/joe-biden-blasts-rick-scott-for-incapacitated-comments/
Show us the numbers, Sunshine...
On Wednesday, May 11, 2022 at 10:29:44 AM UTC-7, Alan wrote:
On 2022-05-10 6:03 p.m., TomS wrote:
...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!Show us the numbers, Sunshine...
https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/05/10/remarks-by-president-biden-on-the-economy-5/
Biden also blasted Rick Scott after Scott called him "senile", but can't tell the difference between FL and WI (a sign of senility!).
https://nypost.com/2022/05/10/joe-biden-blasts-rick-scott-for-incapacitated-comments/
Well, just released consumer inflation is 8.3%, and the producer price index is up 11%, Fool.
On Wednesday, May 11, 2022 at 6:05:21 AM UTC-7, -hh wrote:
On Tuesday, May 10, 2022 at 9:03:49 PM UTC-4, TomS wrote:
...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!
The FY20 & FY21 Federal budgets were under Trump.
...and Biden's FY22 budget is $0.8T less than Trump's FY21 budget.
So tell us again about when this "runaway spending" occurred?
Similarly, if your complaint is actually that you don't believe that the rate of correction is fast enough, then tell us what rate you say it
should be, and how you've determined that it won't shrink the GDP
by enough to crash the economy into a recession. For example,
a -$0.8T spending reduction is -3.5% of GDP.
What part of what I wrote is wrong? Be specific.
On Thursday, May 12, 2022 at 6:10:32 PM UTC-4, TomS wrote:
On Wednesday, May 11, 2022 at 6:05:21 AM UTC-7, -hh wrote:
On Tuesday, May 10, 2022 at 9:03:49 PM UTC-4, TomS wrote:
...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!
The FY20 & FY21 Federal budgets were under Trump.
...and Biden's FY22 budget is $0.8T less than Trump's FY21 budget.
So tell us again about when this "runaway spending" occurred?
Similarly, if your complaint is actually that you don't believe that the rate of correction is fast enough, then tell us what rate you say it should be, and how you've determined that it won't shrink the GDP
by enough to crash the economy into a recession. For example,
a -$0.8T spending reduction is -3.5% of GDP.
What part of what I wrote is wrong? Be specific.By claiming that spending is "runaway", which is false: the spend rate
is declining, not increasing.
The amount less is $0.8T: that's a 12% cut in spending rate in but a single year.
-hh
On Thursday, May 12, 2022 at 6:19:51 PM UTC-7, -hh wrote:
On Thursday, May 12, 2022 at 6:10:32 PM UTC-4, TomS wrote:
On Wednesday, May 11, 2022 at 6:05:21 AM UTC-7, -hh wrote:
On Tuesday, May 10, 2022 at 9:03:49 PM UTC-4, TomS wrote:
...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!
The FY20 & FY21 Federal budgets were under Trump.
...and Biden's FY22 budget is $0.8T less than Trump's FY21 budget.
So tell us again about when this "runaway spending" occurred?
Similarly, if your complaint is actually that you don't believe that the
rate of correction is fast enough, then tell us what rate you say it should be, and how you've determined that it won't shrink the GDP
by enough to crash the economy into a recession. For example,
a -$0.8T spending reduction is -3.5% of GDP.
What part of what I wrote is wrong? Be specific.By claiming that spending is "runaway", which is false: the spend rate
is declining, not increasing.
The amount less is $0.8T: that's a 12% cut in spending rate in but a single year.
-hhWrong. The growth of government debt is stratospheric. The debt to GDP ratio
is close to its all-time high and total debt has DOUBLED in the last 10 years:
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
On Thursday, May 12, 2022 at 6:19:51 PM UTC-7, -hh wrote:
On Thursday, May 12, 2022 at 6:10:32 PM UTC-4, TomS wrote:
On Wednesday, May 11, 2022 at 6:05:21 AM UTC-7, -hh wrote:By claiming that spending is "runaway", which is false: the spend rate
On Tuesday, May 10, 2022 at 9:03:49 PM UTC-4, TomS wrote:
...but makes NO MENTION of runaway government spending (which is, in fact, the primary cause)!!!
The FY20 & FY21 Federal budgets were under Trump.
...and Biden's FY22 budget is $0.8T less than Trump's FY21 budget.
So tell us again about when this "runaway spending" occurred?
Similarly, if your complaint is actually that you don't believe that the >>>> rate of correction is fast enough, then tell us what rate you say it
should be, and how you've determined that it won't shrink the GDP
by enough to crash the economy into a recession. For example,
a -$0.8T spending reduction is -3.5% of GDP.
What part of what I wrote is wrong? Be specific.
is declining, not increasing.
The amount less is $0.8T: that's a 12% cut in spending rate in but a single year.
-hh
Wrong. The growth of government debt is stratospheric. The debt to GDP ratio is close to its all-time high and total debt has DOUBLED in the last 10 years:
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
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