Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Mnuchin Announces The Country Could Be Broke By September
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Meat" data-source="post: 4129585" data-attributes="member: 61324"><p></p></blockquote><p></p><p>I generally don’t engage those that cannot grasp a simple concept such as bankruptcy (net debt exceeds net assets) in conversation - this country is not currently bankrupt, nor has it been bankrupt for years - but I suppose, against my better judgment, I’ll deviate from this policy this one time.</p><p></p><p>My post was merely pointing out how close to the edge the economy is (you seemed to miss my follow up post which states this is a systematic problem that has persisted over decades and various administrations).</p><p></p><p>I think it’s reasonable to point out how the current administration has contributed to the malaise. After all, Trump said his policies would lead to balanced budgets within a decade, and we are looking at trillion dollar annual deficits as far as the eye can see - sad (BTW, next years 1.1 trillion dollar deficit is AFTER substantial cuts to social spending)</p><p></p><p>At this pace, extrapolated over eight years, the national debt will increase almost as much under Trump than it did under Obama. At least Obama had somewhat of an excuse as he was dealing with the fallout from a global economic crisis. What’s the excuse for such debt when the economy is “arguably the greatest ever”?</p><p></p><p>A: there isn’t one. This country is in dire, dire shape.</p><p>[/QUOTE]</p>
[QUOTE="Meat, post: 4129585, member: 61324"] [/QUOTE] I generally don’t engage those that cannot grasp a simple concept such as bankruptcy (net debt exceeds net assets) in conversation - this country is not currently bankrupt, nor has it been bankrupt for years - but I suppose, against my better judgment, I’ll deviate from this policy this one time. My post was merely pointing out how close to the edge the economy is (you seemed to miss my follow up post which states this is a systematic problem that has persisted over decades and various administrations). I think it’s reasonable to point out how the current administration has contributed to the malaise. After all, Trump said his policies would lead to balanced budgets within a decade, and we are looking at trillion dollar annual deficits as far as the eye can see - sad (BTW, next years 1.1 trillion dollar deficit is AFTER substantial cuts to social spending) At this pace, extrapolated over eight years, the national debt will increase almost as much under Trump than it did under Obama. At least Obama had somewhat of an excuse as he was dealing with the fallout from a global economic crisis. What’s the excuse for such debt when the economy is “arguably the greatest ever”? A: there isn’t one. This country is in dire, dire shape. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Mnuchin Announces The Country Could Be Broke By September
Top