dow jones

[Up In Smoke]

Probably didn't catch my addition to that post. It helps to know the context. Trump and the Dems agreed to a huge budget to get his military spending he wanted. And when they got complete power the Dems last year wanted over $5 trillion in spending. If the Dems got what they wanted would you think it was too much or would you defend it?

I've said over and over, spending is out of control. I can't defend any of it. 20 plus years of bad policies. Everyone knew the day was coming when the Fed had to remove themselves from propping up our economy. Today is that day.

 

[Up In Smoke]

Weren't those years dealing with a near crash plus the pandemic? Not to mention in order to get his military spending Trump had to agree with Dems and give them spending also.

If I remember correctly, there were no budgets put forward in 2018 and 2019.

 

[vantexan]

If I remember correctly, there were no budgets put forward in 2018 and 2019.

The big budget was in 2017. Didn't the economy teeter in 2018?

 

[vantexan]

If I remember correctly, there were no budgets put forward in 2018 and 2019.

Actually just looked it up. Budgets both years.

 

[Up In Smoke]

The big budget was in 2017. Didn't the economy teeter in 2018?

The 2017 budget didn't pass until March of 2018. It was passed as a series of Omnibus bills and needed only a simple majority.

 

[Up In Smoke]

Actually just looked it up. Budgets both years.

Look closer, neither house proposed or submitted a budget for consideration.

 

[vantexan]

The 2017 budget didn't pass until March of 2018. It was passed as a series of Omnibus bills and needed only a simple majority.

OK, but ultimately the huge spending was a compromise that 100 Republicans in the House wouldn't go along with. Pardon my faulty memory.

 

[vantexan]

Look closer, neither house proposed or submitted a budget for consideration.

Not according to Wikipedia. I do remember Trump getting his military spending by brokering a deal with the Dems.

 

[Up In Smoke]

Not according to Wikipedia. I do remember Trump getting his military spending by brokering a deal with the Dems.

I can't post it from my phone, but if you go to Committee for a Responsible Federal Budget, the website explains how spending was secured from 2017-2020. Spending was passed without any Democratic votes through series of resolutions.

 

[vantexan]

I can't post it from my phone, but if you go to Committee for a Responsible Federal Budget, the website explains how spending was secured from 2017-2020. Spending was passed without any Democratic votes through series of resolutions.

Nope. Trump angered a lot of Republicans by cutting a deal with the Dems. And that was before Dems took over the House in 2019. Trump had enough Republicans along with Dems getting his budget passed.

 

[newfie]

None of that money has been released and doesn't show on any charts yet. Spending many times doesn't show for months or even a year or more.

its committed spending.

i hope you wouldn't buy a company stock on july's earnings report without looking at the significant debt they committed to in August?

 

[newfie]

I've said over and over, spending is out of control. I can't defend any of it. 20 plus years of bad policies. Everyone knew the day was coming when the Fed had to remove themselves from propping up our economy. Today is that day.

i agree 100 percent . It just seemed like you were trying to shine the democrats turd. the country trump and biden adminstration terms inclusive have committed to an ungodly amount of additional spending the past two years. I dont believe any projections that dont factor that in.

 

[Up In Smoke]

i agree 100 percent . It just seemed like you were trying to shine the democrats turd. the country trump and biden adminstration terms inclusive have committed to an ungodly amount of additional spending the past two years. I dont believe any projections that dont factor that in.

Couldn't agree with you more. Did you believe the 2017 tax cuts would pay for themselves?

 

[vantexan]

Couldn't agree with you more. Did you believe the 2017 tax cuts would pay for themselves?

We had plenty of revenue after the cuts. But we spent more. What Dems want is more spending and evermore taxation to pay for it.

 

[newfie]

Couldn't agree with you more. Did you believe the 2017 tax cuts would pay for themselves?

I dont remember it being sold that way but I do remember the debate as to whether revenue would go up or down.

but to answer your question there was no plan to control or slow down spending in conjunction which is what was needed.
all they had to do was cap the increase in spending during that time not do the covid spending surge in 2020 and we would at least be balanced right now.

the problem as always is not enough voters care if there is a deficit but plenty do respond to the government throwing money at them.

 

[IVE GOTTA PACKAGE 4U]

I dont remember it being sold that way but I do remember the debate as to whether revenue would go up or down.

but to answer your question there was no plan to control or slow down spending in conjunction which is what was needed.
all they had to do was cap the increase in spending during that time not do the covid spending surge in 2020 and we would at least be balanced right now.

the problem as always is not enough voters care if there is a deficit but plenty do respond to the government throwing money at them.

Socialist in the making

 

[newfie]

Socialist in the making

the devils sauce .

 

[IVE GOTTA PACKAGE 4U]

the devils sauce .

I hear lots of people saying what am I going to get another stimulus check?

How about going out and getting a stinking job?

 

[Gotta Go]

Are you ready?

Walmart Cancels ‘Billions In Orders’ to Clear Out Inventory Excess

Walmart is cancelling orders to help it right-size inventory excesses.

sports.yahoo.com

 

[newfie]

Are you ready?

Walmart Cancels ‘Billions In Orders’ to Clear Out Inventory Excess

Walmart is cancelling orders to help it right-size inventory excesses.

sports.yahoo.com

going to be an ugly day tommorrow unless the fed gives hope of an easing