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How big will this year's deficit be?

Kushinator said:
:lamo

I asked you to name some notable bankruptcies from the early 1980's. I then listed the top 5 from
The Great Recession. And what does the Con do??? Links an article published by a conservative libertarian think tank and and tries to pass off total financial bankruptcies because "duh number iz bigga"... Even though AIG was bigger than all of your examples combined. That's not even talking about Lehman, the GSE's, or GM. You do what you only know how to do, cheery-pick on the basis of extreme partisan ignorance.

Like always... you only know how to fail.
Click to expand...

And I gave you the total, you want to cherry pick data showing you weren't old enough during the 81-82 to even come close to understanding the severity but now you don't appear to be smart enough to understand the economic policy differences between Reagan and Obama to create the recovery. Seems like Context never matters to you on any issue as your liberal arrogance and love affair with Obama continues
 
Kushinator said:
You posted trash. Inflation reduces the amount of repayment... But you're not intelligent enough to understand why.
Click to expand...

i posted results that actually impact the American people showing how hard the American people were hurt during the 81-82 recession but your loyalty to liberal economic policies and Keynesian economics as long as it goes to the bureaucrats is on full display. You keep up with the name calling showing true arrogance and understanding of actual results.
 
Conservative said:
And I gave you the total, you want to cherry pick data
Click to expand...

False. You don't know how to argue without inducing a fallacy. Once again, you couldn't locate any business that came close to the high profile failures during the GR, so you do what you always do... look for any instance where you can show a larger number while ignoring everything else. It's an act of despair.

AIG's failure was bigger than every single bankruptcy from the early 80`s combined!!!!
 
Kushinator said:
False. You don't know how to argue without inducing a fallacy. Once again, you couldn't locate any business that came close to the high profile failures during the GR, so you do what you always do... look for any instance where you can show a larger number while ignoring everything else. It's an act of despair.

AIG's failure was bigger than every single bankruptcy from the early 80`s combined!!!!
Click to expand...

You focus on the businesses that failed yet ignored the reality of the poor recovery and economic policies of Obama vs. Reagan. I gave you a fair comparison between the two recession but they didn't meet your narrative thus were ignored. The failures of large businesses pale in comparison to the harm that the 81-82 recession had on the average Americans who were met with high interest rates and higher unemployment thus leading to personal bankruptcies. Your charts and graphs ignore human suffering and the very piss poor Obama economic policies to address human suffering. Obama promoted the public sector by supposedly saving jobs. We needed new jobs so the best you can say is that the results would have been worse without Obama supposedly saving jobs.

The economy recovered in spite of Obama as his recovery was the worst from a major recession in history in terms of recovery for the American people all due to poor understanding of the private sector and poor economic policies.
 
Conservative said:
You focus on the businesses that failed
Click to expand...

This is a private sector economy and it's lifeblood is the success of businesses. You continue to deflect to Obama because you've lost this exchange about 60 pages back. It's the same batch of repeated nonsense that you spew in every single thread you involve yourself in.
 
Conservative said:
Yep, total and complete trash is anything that destroys your narrative which is really the partisan leftwing supporting trash we have come to expect from the left

How does our ‘Great Recession’ compare to ones from the past? | R Street
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Awwww... repeat with the same trash article from a conservative libertarian think tank. I can play the same game, and it won't be from a two-bit website that is used to lobby.

Investopedia

The Great Recession was the most severe economic recession in the United States since the Great Depression of the 1930s.
Click to expand...

Further, American households lost roughly $19 trillion of net worth as a result of the stock market plunge, according to the U.S Department of the Treasury. The Great Recession's official end date was June 2009.
Click to expand...

Critics of the policy response and how it shaped the recovery argue that the tidal wave of liquidity and deficit spending did much to prop up politically connected financial institutions and big business at the expense of ordinary people and may have actually delayed the recovery by tying up real economic resources in industries and activities that deserved to fail and see their assets and resources put in the hands of new owners who could use them to create new businesses and jobs.
Click to expand...

Do you blindly support our most recent bailout but oppose the past? Of course! It's only ok to bail out business and invoke Keynesian economic policy when a Republican is in the White House. It's also only ok to drive debt and deficits when Republicans are in the WH. It's also ok for a Republican President to be a poor leader, a liar, a womanizer, etc.... Because you know....

Are you tired of winning yet? The Trump Great Depression is ravaging capitalism and the only way to save it is via policies prescribed by Lord Keynes.
 
Kushinator said:
You posted trash. Inflation eats away both principal and repayment... but again, you're not smart enough to understand why.
Click to expand...

Agreed. We should do the opposite then.
 
Kushinator said:
This is a private sector economy and it's lifeblood is the success of businesses. You continue to deflect to Obama because you've lost this exchange about 60 pages back. It's the same batch of repeated nonsense that you spew in every single thread you involve yourself in.
Click to expand...

No, I deflect to Obama because it was his economic policies that led to the worst recovery from a major recession in history for the American people. Comparisons between recessions in your world focuses on economic charts without context, in my world it is the effect the policies have on the American public. There is a reason Reagan got 10 million more votes in 1984 vs 1980 along with winning 49 states vs. Obama who got 4 million votes lower and won 26 states vs 28 states in 2008. The American electorate voted destroying your narrative and pretty graphs
 
Kushinator said:
Awwww... repeat with the same trash article from a conservative libertarian think tank. I can play the same game, and it won't be from a two-bit website that is used to lobby.

Investopedia







Do you blindly support our most recent bailout but oppose the past? Of course! It's only ok to bail out business and invoke Keynesian economic policy when a Republican is in the White House. It's also only ok to drive debt and deficits when Republicans are in the WH. It's also ok for a Republican President to be a poor leader, a liar, a womanizer, etc.... Because you know....

Are you tired of winning yet? The Trump Great Depression is ravaging capitalism and the only way to save it is via policies prescribed by Lord Keynes.
Click to expand...

Most recent bailout? You mean direct payments to the American people and business to reopen the economy? Trump's depression?? Typical liberal rhetoric trying to score political points during a pandemic, results that were caused by the shutdown not economic collapse. You apparently don't understand the difference.

The current "bailout" as you call it was non partisan and supported by both Houses of Congress. It was temporary in nature and needed to actually assist people to get through this pandemic and get back to work. The recovery will be robust thanks to conservative economic principles as I see a back to work bonus vs an increase in unemployment payments.

Unlike you I focus on results you focus on personality and out of context data. Here again is what you want to ignore

There seems to be a real disconnect when it comes to debt and the results generated from that debt thus showing that all debt isn't equal. What exactly did the American taxpayers get out of the Obama debt??

1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic

Looks to me like the Trump debt generated better return than Obama's, await your reply?
 
Conservative said:
No, I deflect to Obama because it was his economic policies that led to the worst recovery from a major recession in history for the American people.
Click to expand...

Cool story. But the title of the thread is: How big will this years deficit be?

As in fiscal year 2020. Not 2009, or 2013... but this year. Your opinions regarding Obama have no bearing on this discussion or topic.

You're only capable of regurgitating 5 different posts.

The American electorate voted destroying your narrative and pretty graphs
Click to expand...

And there you go again... trying to cherry-pick aspects of two elections in order to arrive at your pre-conceived conclusion. Obama was re-elected. He didn't lose the election... and no amount of strawmen, picked cherries, sharpshooters, etc... change this fact. The American people chose Obama.

Any further instance of deflection will be completely ignored moving forward. IF you wish to discuss the multi-trillion Trump deficit and give a prediction... by all means.
 
Kushinator said:
Cool story. But the title of the thread is: How big will this years deficit be?

As in fiscal year 2020. Not 2009, or 2013... but this year. Your opinions regarding Obama have no bearing on this discussion or topic.

You're only capable of regurgitating 5 different posts.



And there you go again... trying to cherry-pick aspects of two elections in order to arrive at your pre-conceived conclusion. Obama was re-elected. He didn't lose the election... and no amount of strawmen, picked cherries, sharpshooters, etc... change this fact. The American people chose Obama.

Any further instance of deflection will be completely ignored moving forward. IF you wish to discuss the multi-trillion Trump deficit and give a prediction... by all means.
Click to expand...

Don't know but what really is important is the return on investment of that debt, something you don't understand. The difference between the Trump debt and Obama debt is stark as the American people continue to get to keep more of what they earn. Being a big gov't public servant liberal means return on investment doesn't resonate.

It is obvious to most here that you don't understand the private sector or what drives human behavior. I understand the private sector after 35 years in it, you don't seem to have a clue

I posted the difference between the Obama return and Trump return which you ignored. The pandemic recovery plus the pre pandemic results will warrant Trump's re-election. Eventually you are going to have to discuss issues and justification for voting FOR Biden, voting AGAINST Trump isn't going to draw people to the polls, results will
 
Conservative said:
Most recent bailout? You mean direct payments to the American people and business to reopen the economy?
Click to expand...

You call it socialism.

Trump's depression?? Typical liberal rhetoric trying to score political points during a pandemic, results that were caused by the shutdown not economic collapse. You apparently don't understand the difference.
Click to expand...

No matter how you try to spin it... we are in an economic depression.

The current "bailout" as you call it was non partisan and supported by both Houses of Congress.
Click to expand...

Democrats always vote in favor of the American people. It's the GOP that has gone on record to vote against supporting the populace in times of need.

The recovery will be robust thanks to conservative economic principles as I see a back to work bonus vs an increase in unemployment payments.
Click to expand...

So where do you see the unemployment rate in October of 2020? How about real GDP growth? What about the deficit for FY 2020?
 
Conservative said:
I posted...
Click to expand...

You posted off-topic rants because you are absolutely terrified of the political ramifications of failure to lead by the POTUS. The unemployment rate will likely remain above 10% for a year.
 
Kushinator;1071956044]You call it socialism
Click to expand...
.

what did Trump and Congress take over?



No matter how you try to spin it... we are in an economic depression.
Click to expand...

Apparently depression to is different than what the Americans felt and saw during the Great Depression. Your idea of depression is skewed by liberal opinions and rhetoric



democrats always vote in favor of the American people. It's the GOP that has gone on record to vote against supporting the populace in times of need.
Click to expand...

Right, the more they make dependent the stronger the Democratic Party gets. Being dependent isn't compassion



So where do you see the unemployment rate in October of 2020? How about real GDP growth? What about the deficit for FY 2020?
Click to expand...

No idea I do know that conservative economic policies trump liberal economic policies that destroy incentive so the results will be better than the left and you will admit. Debt seems to matter to you now but return on investment doesn't. Guess you don't understand the term. What are we getting out of the Trump debt vs. Obama's? I posted the pre pandemic and will do the same with post pandemic
 
Kushinator said:
You posted off-topic rants because you are absolutely terrified of the political ramifications of failure to lead by the POTUS. The unemployment rate will likely remain above 10% for a year.
Click to expand...

LOL, fear only resonates with the left as I don't see any valid reason being given to vote FOR Biden. Your hatred of Trump and ignorance of the private sector is staggering. I will remind you of the poll numbers in May 2016 supporting Hillary as well as pointing out the hatred that is being created by the democrats taking away individual freedom with scare tactics.

There has to be a reason to vote for Biden, anti Trump sentiment only motivates radicals like you

None of my posts are off topic as they focus on return on investment for the debt created.
 
Kushinator said:
You posted off-topic rants because you are absolutely terrified of the political ramifications of failure to lead by the POTUS. The unemployment rate will likely remain above 10% for a year.
Click to expand...

Kush. Just giving you heads up. Conman did the same thing again where he left out the opening bracket in the quotes so you dont respond.
 
Last warning about improper quotation. Why is it so difficult for you to put an open bracket before a name? I don't think you're that dumb, and so this is just a means of trying to get a last word by bypassing the notification sensor. Any further instances of this tactic will be ignored.

Conservative said:
what did Trump and Congress take over?
Click to expand...

They are redistributing wealth. You call it socialism.

Apparently depression to is different than what the Americans felt and saw during the Great Depression. Your idea of depression is skewed by liberal opinions and rhetoric
Click to expand...

Unemployment is likely above 20% as we type. Job losses have eclipsed 40 million. The federal government is now borrowing roughly $700 billion per month. Yep... it's just a minor recession. :roll:

No idea
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As is always the case. At least you had the intellectual integrity to admit as much.
 
99percenter said:
Kush. Just giving you heads up. Conman did the same thing again where he left out the opening bracket in the quotes so you dont respond.
Click to expand...

It's the cowardly move.
 
Kushinator said:
Last warning about improper quotation. Why is it so difficult for you to put an open bracket before a name? I don't think you're that dumb, and so this is just a means of trying to get a last word by bypassing the notification sensor. Any further instances of this tactic will be ignored.



They are redistributing wealth. You call it socialism.



Unemployment is likely above 20% as we type. Job losses have eclipsed 40 million. The federal government is now borrowing roughly $700 billion per month. Yep... it's just a minor recession. :roll:



As is always the case. At least you had the intellectual integrity to admit as much.
Click to expand...

You think I give a damn about your warnings? Your arrogance is on full display as is your attempt to score political points during a pandemic. That despicable act will be destroyed in November as the American people are sick and tired of the politics of personal destruction, scare tactics, diversion from the real issues, class envy, jealousy.

Unemployment today is due to the economic shutdown not economic policies, the American people get it and also understand that Blue states are leading the nation in keeping their economies closed and that is pissing off a lot of people. The longer you can divert from Biden the better the chances are of returning to that liberal nanny state and getting federal taxpayers to bail out blue states from their financial crisis that they created not the crisis. Keep driving taxpayers out of Illinois

Oh by the way, Obama won California by 3 million votes in 2012, NY by 2 million votes and your state by 1 million votes. He won the national popular vote by 5 million, thank you California, NY, and Illinois, showing again why the electoral college is so important. The American electorate isn't well served by electing Presidents based upon California, Illinois and NY standards, the nanny state is alive and well in all three areas. Keep making people dependent and keep driving out taxpayers.
 
Kushinator said:
It worked... so yes.



Nobody claimed otherwise.
Click to expand...

Rest assured I will continue to focus on results you don't understand, return on investment from debt

There seems to be a real disconnect when it comes to debt and the results generated from that debt thus showing that all debt isn't equal. What exactly did the American taxpayers get out of the Obama debt??

1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic

Looks to me like the Trump debt generated better return than Obama's, await your reply?
 
Conservative said:
Trump's depression?? Typical liberal rhetoric trying to score political points during a pandemic, results that were caused by the shutdown not economic collapse. You apparently don't understand the difference.
Click to expand...

Big lie.


Even in states that imposed stay-at-home orders or closed nonessential businesses relatively early, households and businesses had begun to shift their behavior about 10 days before those orders. In states that closed later, that shift had come about 20 days earlier.

demand before lockdowns.jpg

Government Orders Alone Didn’t Close the Economy. They Probably Can’t Reopen It. - The New York Times
 
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