Spending up 9%

[jimbo]

So let's see apparently these aren't significant economic results so tell us which Democratic Candidate is going to improve them and how?? You do realize that gov't spending is a component of GDP which is why Obama's GDP growth of 4.2 trillion in 8 years was skewed by the 842 billion dollar gov't spending stimulus bill.

1. GDP Growth 2013 to 2018

2013 16784.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.9
2017 19485.4 778.2
2018 20494.1 1008.7

2016 GDP growth 1.6% annual vs 2.9% 2018 with those terrible tax cuts, 3.2% January thru March 2019

Unemployment Rate 4.7% January 2017 vs. 3.6% today

Employed 152 million January 2017 to 157 million today

U-6 in January 2017 9.3% vs 7.3% today?

Part time for economic reasons, 5.7 million January 2017 vs. 4.6 million today?

African American unemployment 7.7% vs. 6.7% today?

Remember those wonderful Obama years leaving Trump with a 1.6% GDP growth, declining GDP dollars and let's not forget adding 9.3 trillion to the debt with much of that gov't spending in those GDP numbers

Then let's not forget the gloom and doom predictions by the left and the April results
U.S. employers added 263,000 jobs in April again beating Wall Street's expectations and the 3,2% GDP Growth in the first qtr. Of 2019, likely quelling some fears about an impending economic slowdown.

Adding 9.3 trillion to the debt doubles the interest expense. An example of why we need to get spending under control.

 

[MTAtech]

Adding 9.3 trillion to the debt doubles the interest expense. An example of why we need to get spending under control.

I frequently warn people who make claims about numbers to look at the numbers before they make the claim. Interest expenses dropped during the entire Obama Administration.

 

[Cordelier]

People always will judge others on the content of their posts and yours is nothing more than class envy, jealousy, and promotion of a bigger and stronger federal bureaucracy. You have gone off topic and refuse to discuss the content of federal spending and what is actually driving the federal deficits, entitlement and other mandatory spending that consumes over 70% of the budget line items

I've gone off topic?? *LOL* You're the one launching all of these inane personal characterizations here. Tell you what - why don't get you get back to me when you get out of the sixth grade?

 

[Conservative]

Adding 9.3 trillion to the debt doubles the interest expense. An example of why we need to get spending under control.

Yes, as did the 4 interest rate hikes in 2018 and 3 prior in 2017 all increasing interest expense which was up over 65 billion dollars in 2018. The entire deficit was made up on interest expense increases as well as mandatory spending increases on entitlement expenses

 

[Conservative]

I've gone off topic?? *LOL* You're the one launching all of these inane personal characterizations here. Tell you what - why don't get you get back to me when you get out of the sixth grade?

A sixth graders has better economic, civics understanding that apparently you do as you have offered nothing to support your claims that it was GOP spending that increased spending 9% which is because you have no understanding as to the line items in the budget nor do you care as bottom line is all that matters to you. Let me know when Trump exceeds the Obama deficits and 9.3 trillion added to the debt during the 8 years of Obama? I suggest getting out more and see what is happening in the country and stop buying what the people you want to believe are telling you

 

[Cordelier]

I frequently warn people who make claims about numbers to look at the numbers before they make the claim. Interest expenses dropped during the entire Obama Administration.

I think the devil is in the details there.... have you looked into why interest rates dropped?

 

[Conservative]

I frequently warn people who make claims about numbers to look at the numbers before they make the claim. Interest expenses dropped during the entire Obama Administration.

LOL, where is 2017 and 2018?? See what zero interest rates do to debt service? According to Treasury 523 billion in 2018 in interest expenses

 

[Cordelier]

A sixth graders has better economic, civics understanding that apparently you do as you have offered nothing to support your claims that it was GOP spending that increased spending 9% which is because you have no understanding as to the line items in the budget nor do you care as bottom line is all that matters to you. Let me know when Trump exceeds the Obama deficits and 9.3 trillion added to the debt during the 8 years of Obama? I suggest getting out more and see what is happening in the country and stop buying what the people you want to believe are telling you

Don't bother... I've stopped reading your drivel.

 

[Conservative]

Don't bother... I've stopped reading your drivel.

Thank you, shows that typical left wing liberal tolerance, slightly liberal my ass! You want badly to believe what you are being told by the left, why?

 

[Individual]

Chart makes no sense. We dont collect 2 trillion every quarter. And we collect far more than 2 trillion every year.

CBO says Income tax and payroll tax receipts are up year after year. Nearly double in the last decade alone. And theres another 500bn in other revenues.

View attachment 67258031

Budget and Economic Data | Congressional Budget Office

And only 3 quarters each year?

 

[Individual]

Id say its the true failure of Congress AND Trumps lack of action on mandatory spending, if were ignoring history before Trump. The entire deficit can be traced to Healthcare and Income Security programs.

If more people have become employed, how much has social assistance spending been reduced?

 

[Fruityfact]

I want my federal taxes to fund what they were supposed to fund and nothing more. Please learn the taxes you pay and their purpose. Medicaid and Medicare are completely different programs and thus are funded differently. You cannot grasp that reality

It's going to be fun to see the tears of the greedy when taxes are raised like 5%.
Do you think there's a linear relationship with tears and how much the tax rate goes up?
Heck, lets make it 10 or 15% just to see the greedy swim in their tears.
Yep, I'm down to wage some class warfare and no i'm not jealous just pragmatic

 

[Conservative]

It's going to be fun to see the tears of the greedy when taxes are raised like 5%.
Do you think there's a linear relationship with tears and how much the tax rate goes up?
Heck, lets make it 10 or 15% just to see the greedy swim in their tears.
Yep, I'm down to wage some class warfare and no i'm not jealous just pragmatic

So raising the taxes on the rich are the solution to all the problems facing this country?? Where did you develop this jealousy and class envy? How much money are the federal bureaucrats going to generate because of the increase in taxes on the rich??

You say you aren't jealous? your posts tell a different story. How do the rich having more and keeping more of their money hurt you, your family or the country?? Paid any attention to the bluest state in nation, California and what is going on there? California is the model for liberalism and has the highest wage gap, worst quality of life, most poverty and homelessness and the 5th largest economy in the world. Make sense to you? It doesn't to me as why isn't the liberal model setting the example for the rest of the country on programs you want, taxing the rich to solve their social problems?

 

[jimbo]

I frequently warn people who make claims about numbers to look at the numbers before they make the claim. Interest expenses dropped during the entire Obama Administration.

That's true. The feds kept the interest rate low largely to accommodate the rising debt. To the point that the rate approached zero. But that can't last forever. And it hasn't.

But your own chart shows that the interest remained stable at best.

 

[Fruityfact]

So raising the taxes on the rich are the solution to all the problems facing this country?

Nope, but some of em.

You say you aren't jealous? your posts tell a different story. How do the rich having more and keeping more of their money hurt you, your family or the country?? Paid any attention to the bluest state in nation, California and what is going on there? California is the model for liberalism and has the highest wage gap, worst quality of life, most poverty and homelessness and the 5th largest economy in the world. Make sense to you? It doesn't to me as why isn't the liberal model setting the example for the rest of the country on programs you want, taxing the rich to solve their social problems?

What a mouthful, let's make it 20%. I love to see tears.

 

[Conservative]

Nope, but some of em.



What a mouthful, let's make it 20%. I love to see tears.

Yep, a mouthful of facts, logic and common sense none of which will ever resonate with a radical like you, how are you or the country going to benefit from a 20% increase in taxes on the top 1%, where is that money going to go and who is it going to help? where do the states get their money when more money goes to the federal gov't?

 

[Fruityfact]

Yep, a mouthful of facts, logic and common sense none of which will ever resonate with a radical like you, how are you or the country going to benefit from a 20% increase in taxes on the top 1%, where is that money going to go and who is it going to help? where do the states get their money when more money goes to the federal gov't?

No facts no logic, but there is plenty of logic to raise taxes on the 1% by at least +25%.

 

[Conservative]

No facts no logic, but there is plenty of logic to raise taxes on the 1% by at least +25%.

Haven't seen any of your so called logic but have seen a lot of jealousy. What benefit does the country get out of raising taxes on the top 1% and how is that benefit going to translate to you and your family?

Obviously this is entertainment for you but certainly not debate. Haven't found a liberal yet capable of debating as all I read is emotional rhetoric and class envy

 

[Fruityfact]

Haven't seen any of your so called logic but have seen a lot of jealousy. What benefit does the country get out of raising taxes on the top 1% and how is that benefit going to translate to you and your family?

Obviously this is entertainment for you but certainly not debate. Haven't found a liberal yet capable of debating as all I read is emotional rhetoric and class envy

Let's go back to the tax rates of the golden era of america. I'm thinking no preferential rates for capital gains, minimum 50% income tax over a million and we might as well bump the estate tax to 50% because people can't take money to the grave.

 

[Conservative]

Let's go back to the tax rates of the golden era of america. I'm thinking no preferential rates for capital gains, minimum 50% income tax over a million and we might as well bump the estate tax to 50% because people can't take money to the grave.

What was the size of the gov't during that "Golden Era?" Still focused on revenue and not federal, state, and local responsibilities. Why such class envy and jealous? Why don't you realize that raising taxes doesn't generate revenue to those you claim you want to help

 

[Conservative]

Let's go back to the tax rates of the golden era of america. I'm thinking no preferential rates for capital gains, minimum 50% income tax over a million and we might as well bump the estate tax to 50% because people can't take money to the grave.

How do tax increases improve income equality??????? You think tax increases affect the income that people earn?

 

[MTAtech]

That's true. The feds kept the interest rate low largely to accommodate the rising debt. To the point that the rate approached zero. But that can't last forever. And it hasn't.

But your own chart shows that the interest remained stable at best.

Make up your mind what you are arguing. Earlier, you were stating that adding $9.3 trillion to the debt increased interest costs. Now, you backed off that and are accusing the government of keeping rates low to finance the debt, which is equally not-so. The Fed has a dual charge to maximize employment and control inflation. During the early 1980s, the Fed was not shy to raise the interest rate to double-digits. During the Great Recession, the Fed brought rates to essentially zero to fight the recession -- not to have cheap debt servicing.

The chart reflects interest paid. Older high interest debt was being replaced by debt at lower rates. Ten year ow interest bonds will be maturing over the next few year, being replaced by current yield rates. That's why it was unwise to cut taxes in 2017.

 

[MTAtech]

LOL, where is 2017 and 2018?? See what zero interest rates do to debt service? According to Treasury 523 billion in 2018 in interest expenses

I don't know where your figures come from. These is federal interest 2014 - 2019.

[TABLE="width: 80%, align: center"]
[TR]
[TD="width: 5%"]Year[/TD]
[TD="width: 7%"]GDP-US
$ billion nominal[/TD]
[TD="width: 7%"]Population-US
million[/TD]
[TD="width: 12%, colspan: 2"]Interest -fed
$ billion nominal[/TD]
[/TR]
[TR]
[TD]2014[/TD]
[TD]17521.7[/TD]
[TD]318.386[/TD]
[TD]228.96[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2015[/TD]
[TD]18219.3[/TD]
[TD]320.743[/TD]
[TD]223.18[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2016[/TD]
[TD]18707.2[/TD]
[TD]323.071[/TD]
[TD]240.03[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2017[/TD]
[TD]19485.4[/TD]
[TD]325.147[/TD]
[TD]262.55[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2018[/TD]
[TD]20494.1[/TD]
[TD]327.167[/TD]
[TD]324.98[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2019[/TD]
[TD]21288.9[/TD]
[TD]329.523[/TD]
[TD]393.50[/TD]
[TD="align: center"]b[/TD]
[/TR]
[/TABLE]
Legend:
a - actual reported
b - budgeted estimate in US FY20 budget

 

[Conservative]

I don't know where your figures come from. These is federal interest 2014 - 2019.

[TABLE="width: 80%, align: center"]
[TR]
[TD="width: 5%"]Year[/TD]
[TD="width: 7%"]GDP-US
$ billion nominal[/TD]
[TD="width: 7%"]Population-US
million[/TD]
[TD="width: 12%, colspan: 2"]Interest -fed
$ billion nominal[/TD]
[/TR]
[TR]
[TD]2014[/TD]
[TD]17521.7[/TD]
[TD]318.386[/TD]
[TD]228.96[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2015[/TD]
[TD]18219.3[/TD]
[TD]320.743[/TD]
[TD]223.18[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2016[/TD]
[TD]18707.2[/TD]
[TD]323.071[/TD]
[TD]240.03[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2017[/TD]
[TD]19485.4[/TD]
[TD]325.147[/TD]
[TD]262.55[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2018[/TD]
[TD]20494.1[/TD]
[TD]327.167[/TD]
[TD]324.98[/TD]
[TD="align: center"]a[/TD]
[/TR]
[TR]
[TD]2019[/TD]
[TD]21288.9[/TD]
[TD]329.523[/TD]
[TD]393.50[/TD]
[TD="align: center"]b[/TD]
[/TR]
[/TABLE]
Legend:
a - actual reported
b - budgeted estimate in US FY20 budget

Government - Interest Expense on the Debt Outstanding

 

[Fruityfact]

How do tax increases improve income equality?????

You're right, the only benefit is greedy peoples' tears. Can't wait.