October 24, 20233 yr Just now, Kz! said: Hate that he's been indicated like that. who's gonna tell him?
October 24, 20233 yr 5 minutes ago, we_gotta_believe said: He's so opposed to them, he even demanded his name be added to the stimulus checks as a reminder to all Americans of how much he opposes them. I know, orange man bad so when dementia man explodes the deficit it's OK. We get it, wee man.
October 24, 20233 yr 1 minute ago, Kz! said: I know, orange man bad so when dementia man explodes the deficit it's OK. We get it, wee man. I know, delaware man bad so when orange dementia man explodes the deficit it's OK. We get it, wee man
October 24, 20233 yr Just now, we_gotta_believe said: I know, delaware man bad so when orange dementia man explodes the deficit it's OK. We get it, wee man "But communist ghost cities!"
October 24, 20233 yr the 2022 deficit, against which the 2023 deficit is being compared, was quite low. it tracked lower than 2019 until September 2022, when the cost of Biden's student debt cancelation (later itself canceled) was levied. 2022 was the first full year under Biden, which was Oct 2021 - Sept 2022. president's inherit their predecessor's fiscal policies for most of the first year. biggest issue, which I've stated repeatedly here, is that mandatory costs of social security, medicare, and medicaid are going up, along with debt service payments. along with revenue declines due to lack of IRS enforcement and too-low tax rates relative to our outlays, these are the main cultprits driving the deficit. we either ask our politicians to do the hard things - cut spending on social security, medicare, and medicaid - or we accept tax increases. if you're a child you'll keep yelling into the wind that neither are acceptable, which is what the right has done for the better part of my life. let me know the next time a Republican makes a good faith effort to cut spending on social security, medicare, and medicaid. the last time serious reforms were even discussed publicly Republicans took a beating. this is the reality. we can either work within reality or make up our own. it's clear what the Republican base has decided to do.
October 24, 20233 yr 12 minutes ago, Kz! said: Would the fight happen behind the gym? As if trump would ever get within a few blocks of a gym.😂😂😂😂
October 24, 20233 yr 3 minutes ago, Tnt4philly said: As if trump would ever get within a few blocks of a gym.😂😂😂😂 Biden has literally fallen on camera around half a dozen times in the last year.
October 24, 20233 yr 26 minutes ago, Kz! said: Biden has literally fallen on camera around half a dozen times in the last year.
October 24, 20233 yr Threatening the President of the United States with physical violence is a Felony. Trump should be arrested and charged.
October 24, 20233 yr 1 hour ago, Kz! said: Biden has literally fallen on camera around half a dozen times in the last year. He also rides a bike on a regular basis. Doesn’t change the fact that you wouldn’t find trump anywhere near a gym not named Jordan.
October 24, 20233 yr Trump has hypertension, High Blood pressure and Obesity. His days are numbered. Not to mention his mental decline.
October 24, 20233 yr 1 hour ago, jsdarkstar said: Trump has hypertension, High Blood pressure and Obesity. His days are numbered.
October 25, 20232 yr 20 hours ago, Toastrel said: Why is the media afraid to talk about Biden's plastic nose? 18 hours ago, jsdarkstar said: Threatening the President of the United States with physical violence is a Felony. Trump should be arrested and charged.
October 26, 20232 yr Obligatory "Presidents get too much blame/credit". That said, good to see this level of growth. From the article: Big spenders Growth readings are much stronger than economists were anticipating just a few months ago. In April, economists expected the economy would contract slightly over the summer months. By July, they estimated the economy would grow marginally during the third quarter. The thinking then was that the impact of a series of interest-rate hikes from the Federal Reserve aimed at cooling inflation would cause economic growth to stall over the summer. Instead, the economy has remained on solid footing. The reason: Americans stepped up spending. Over the summer, Americans were eager to spend on things such as high-profile concerts and movies. More broadly, their sustained spending has been supported by a strong labor market and savings accumulated during the Covid-19 pandemic because of government relief and locked-in low mortgage rates. "Initially, we were anticipating that a lot of that consumer strength was driven by special factors early in the summer,” said Matthew Luzzetti, chief U.S. economist at Deutsche Bank. "But the latest data show that there was more persistence.” The soft-landing scenario Employers continue to add jobs and raise wages briskly, and unemployment remains near historic lows. Meanwhile, inflation has eased sharply from its recent peak of 9.1% in June 2022. To combat high inflation, the Fed lifted the benchmark federal-funds rate to a range between 5.25% and 5.5% in July 2023—a 22-year high. Fed officials held rates steady at their meeting in September and have signaled they could do so again at their meeting next week. They have cited progress on lowering inflation and the run-up in longer-term yields, which essentially does some of the work of tightening financial conditions, as potential reasons to extend the pause in interest-rate hikes. The combination of slowing price increases and a resilient economy has sparked hopes that the economy will see a so-called soft landing, where inflation ebbs to around the Fed’s 2% target without a recession. "In my opinion, the U.S. economy might have already gotten through the stickiest spot of the postpandemic normalization,” said Bill Adams, chief economist at Comerica Bank.
October 26, 20232 yr 51 minutes ago, JohnSnowsHair said: Obligatory "Presidents get too much blame/credit". That said, good to see this level of growth. From the article: Big spenders Growth readings are much stronger than economists were anticipating just a few months ago. In April, economists expected the economy would contract slightly over the summer months. By July, they estimated the economy would grow marginally during the third quarter. The thinking then was that the impact of a series of interest-rate hikes from the Federal Reserve aimed at cooling inflation would cause economic growth to stall over the summer. Instead, the economy has remained on solid footing. The reason: Americans stepped up spending. Over the summer, Americans were eager to spend on things such as high-profile concerts and movies. More broadly, their sustained spending has been supported by a strong labor market and savings accumulated during the Covid-19 pandemic because of government relief and locked-in low mortgage rates. "Initially, we were anticipating that a lot of that consumer strength was driven by special factors early in the summer,” said Matthew Luzzetti, chief U.S. economist at Deutsche Bank. "But the latest data show that there was more persistence.” The soft-landing scenario Employers continue to add jobs and raise wages briskly, and unemployment remains near historic lows. Meanwhile, inflation has eased sharply from its recent peak of 9.1% in June 2022. To combat high inflation, the Fed lifted the benchmark federal-funds rate to a range between 5.25% and 5.5% in July 2023—a 22-year high. Fed officials held rates steady at their meeting in September and have signaled they could do so again at their meeting next week. They have cited progress on lowering inflation and the run-up in longer-term yields, which essentially does some of the work of tightening financial conditions, as potential reasons to extend the pause in interest-rate hikes. The combination of slowing price increases and a resilient economy has sparked hopes that the economy will see a so-called soft landing, where inflation ebbs to around the Fed’s 2% target without a recession. "In my opinion, the U.S. economy might have already gotten through the stickiest spot of the postpandemic normalization,” said Bill Adams, chief economist at Comerica Bank.
October 26, 20232 yr On 10/24/2023 at 8:55 AM, mikemack8 said: Oh my God, what an interesting coincidence. I just used that meme. Anyway, while you and Kz were badmouthing me I was home recovering from surgery, so i missed this exchange. I hope you feel terrible, Mike. For shame. But you used the wrong line. I would've said: I know what'll fix inflation, a ten percent tax on everything! Also, this:
October 26, 20232 yr Also - good luck with your gastric bypass, big guy. Hope it improves your quality of life some.
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