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No, I'm just pointing out that citing data out of context is a misrepresentation of what is going on.Things are bound to slow down eventually, they always do. Why are you in such a rush? Is it that you want a recession to start just before the election?
No, what's going on is that the American People want no part of an artificially staged recession, and your blatant lies about the American economy won't convince them otherwise.No, I'm just pointing out that citing data out of context is a misrepresentation of what is going on.
So is there ever a time when they stop and realise that increasing debt is not the best way to deal with debt lol.No, that's when we have to deal (yet again) with the political terrorists in the Capitol who exploit a flaw in the current law of the United States that properly and legally budgeted expenditures that are known at passage to cause increases in debt levels requires an additional, bookkeeping change in the level of authorized debt.
So is there ever a time when they stop and realise that increasing debt is not the best way to deal with debt lol.
Blantant lies. Please refer to my previous post here #563. If I'm lying then so is the U.S. Government Accountability Office.No, what's going on is that the American People want no part of an artificially staged recession, and your blatant lies about the American economy won't convince them otherwise.
US GDP was up 3% nominally in 1Q2024, and 1.2% in real GDP terms.
Consumer spending has cooled, but more slowly than forecast. Meanwhile, fixed investment and inventory restocking are making up most of the difference.
The US economy has done better since 2021 than any other peer economy (large, Western, developed). Performance in 2023 was WELL above consensus estimates and most forecasting is talking about upside risks, rather than downside.
There was nothing relevant in the article.
The debt is the accumulated deficits. As we already know, because Dick Cheney told us so in 2002, deficits don't matter.That is related to the economy lol. How is credit debt not related to the economy.
How many times do I have to explain it to you? Deficits don't matter. You're welcome to travel to Wyoming discuss it with Dick Cheney.Of course it matters. If you allowed large deficits to the point the % of GPD is paying down debt then you are taking real money out of the economy. Its a fake economy. It devalues the dollar.
The debt ceiling has to be increased to pay for debts already incurred. If you want a balanced budget, why hasn't the GOP written that into the Constitution? You could make it a requirement in order for Congress to be eligible for reelection. But nobody in Congress wants that. Nobody.There is only so much leeway you can get away with and put off and the US is getting closer to that tipping point not further away. The next debt ceiling increases is going to bring the chickens home to roost even more so and make the US take a good look at itself and it won't be a pretty picture. Its a reality check on what the real situation is and not the manipulated and massaged figures show.
And Tom Sawyer was a true story, which I can prove by showing you a map of the Mississippi River.Blantant lies. Please refer to my previous post here #563. If I'm lying then so is the U.S. Government Accountability Office.
Which never gets dealt with and is actually increased. Its like maxing out your credit card and then getting another credit card to pay back the maxed out credit card x 10 or more. When is borrowing curtailed like anyone would do when in debt to actually pay that debt down.Every year we have a budgetary process for the next years expenditures. That is the place to deal with the size of the debt.
Which never gets dealt with and is actually increased. Its like maxing out your credit card and then getting another credit card to pay back the maxed out credit card x 10 or more. When is borrowing curtailed like anyone would do when in debt to actually pay that debt down.
National debt is now 123% of gross domestic product. Clearly this is irresponsible, unsustainable and in sharp contrast to Hamilton’s founding principle.
Record-high national debt is fiscal time bomb for US. Congress must defuse it.
Federal debt burden now is the greatest threat to the U.S. economy, national security and social stability. It's what our Founding Fathers feared.www.usatoday.com
I find it interesting how everyone wants to jump in and defend Bidens economic record as being relevant but when pushed suddenly its not relevant anymore.What has this got to do with Trump's guilt? Will his fines pay down the debt?
The actual numbers are relevant. You are the one saying they are not because the Biben administration has a sinister agenda.I find it interesting how everyone wants to jump in and defend Bidens economic record as being relevant but when pushed suddenly its not relevant anymore.
No then what does this mean.There was nothing relevant in the article.
How does that make it ok. I am not sure what you point is. Is it because Cheney says its ok its ok.The debt is the accumulated deficits. As we already know, because Dick Cheney told us so in 2002, deficits don't matter.
And why don't they matter. Does that mean peoples can run up deficits on credit and it doesn't matter.How many times do I have to explain it to you? Deficits don't matter. You're welcome to travel to Wyoming discuss it with Dick Cheney.
Its already in the Constitution with your Hamilton Principles of Economics.The debt ceiling has to be increased to pay for debts already incurred. If you want a balanced budget, why hasn't the GOP written that into the Constitution? You could make it a requirement in order for Congress to be eligible for reelection. But nobody in Congress wants that. Nobody.
In my analogy, all they provided was the map.
You seem to understand the only relevant issue in the thread and that it is over, but still you persist.I find it interesting how everyone wants to jump in and defend Bidens economic record as being relevant but when pushed suddenly its not relevant anymore.
But your right. Lets get back to the only relevant issue, Trumps a felon. End of thread. Lets all go home.
How do you even *find* publications from LaRouche entities? You can't expect us to take your arguments seriously when you post stuff from a political cult like LaRouche, can you?Its already in the Constitution with your Hamilton Principles of Economics.
A Matter of Principle: Alexander Hamilton's Economics Created Our Constitution
Which is basic common sense, something most western nations have forgotten. Basically don't abuse debt and pay it down to keep a strong economy and financial integrity.
Perhaps my prose is too obtuse for proper parsing?Thats interesting. That seems to point to more State involvement and control in more aspects of peoples lives which I don't think is a good thing. In fact the opposite of a government that represents the people.
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