3.3% GDP !

[anatta]

Like any other organization the military can learn to better spend its money. I'm not sitting here saying we need massive cuts to the military. In fact I was just stating why the debt isn't going down. But there is nothing wrong with forcing the military to be smarter on how it budgets.

of course.
but there was Sequestor that robbed the military of basic maintenance/parts replacement.
do you recall "the boneyard"?

Wiped Out': Air Force losing pilots and planes to cuts, scrounging for spare parts
http://www.foxnews.com/politics/201...lanes-to-cuts-scrounging-for-spare-parts.html
It was just a few years ago, in March 2011, when a pair of U.S. Air Force B-1 bombers – during a harsh winter storm – took off from their base in South Dakota to fly across the world to launch the air campaign in Libya, only 16 hours after given the order.

Today, many in the Air Force are questioning whether a similar mission could still be accomplished, after years of budget cuts that have taken an undeniable toll. The U.S. Air Force is now short 4,000 airmen to maintain its fleet, short 700 pilots to fly them and short vital spare parts necessary to keep their jets in the air. The shortage is so dire that some have even been forced to scrounge for parts in a remote desert scrapheap known as “The Boneyard.”

 

[anatta]

Ah, no, deflected, or addressed with easy challenges that then were deflected, but never answered

repitition isn't going to change anything.
you are stuck on "tax cuts aren't needed" -they are, but more so corporate tax cuts for global competativeness,
and Simplification.

There is no way we are EVER GOING TO CUT SPENDING. that's a fairy tail. so you gotta grow GDP..voilà

 

[Althea]

So I'll repeat my question again, if all that is true why do we need a tax cut now? In fact, throwing one and half trillion unaccounted currency into a growing economy could have the opposite effect, so if things are so good, why the tax cut?

He's a moron. trump is going to raise his taxes, take away his benefits and he applauds. State and local GOVERNMENT SPENDNG boosted the economy in the third quarter. Isn't that contrary to the delusional Republican ethos?

 

[Althea]

Truth be told, it is a continuation of the Obama economy, economic indicators aren't reset at zero every time a new President takes office, the only thing this President has done is not screw it up, yet

Banks/CC companies are drooling over the upcoming removal of all consumer protections. Corporations, and their shareholders are confident that executive salaries, and dividends will rise if this tax cut goes through, while idiots who voted for trump think they'll get a raise, or get hired next year.

Consumer confidence....it's a fickle thing.

 

[countryboy]

He's a moron. trump is going to raise his taxes, take away his benefits and he applauds. State and local GOVERNMENT SPENDNG boosted the economy in the third quarter. Isn't that contrary to the delusional Republican ethos?

Can you provide some evidence to show how state and local spending, boosts an economy?

 

[Althea]

Wait, a continuation of the O'Bama economy? Is that the same O'Bama economy that never saw 3% GDP growth in eight years? THAT O'Bama economy?

[FONT=&quot]But the comparison that he made is somewhat misleading. President Trump compared annual GDP growth in the Obama era to quarterly GDP growth in a three month period. And quarterly GDP often isn’t a good indicator for how much an economy will produce over the year, with quarterly GDP growth often differing significantly from the year’s overall GDP growth.[/FONT]
[FONT=&quot]Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.




http://fortune.com/2017/08/30/donald-trump-springfield-mo-3-gdp/[/FONT]

 

[Althea]

It has nothing to do with that. Businesses and people feel better about who is in office right now compared to who was, and who might have been. All those monies that has been sitting on the sidelines is now being put back into the economy. It really is that simple.

Where?

 

[Althea]

Can you provide some evidence to show how state and local spending, boosts an economy?

Ask anatta. It was in his link. Although....Reagan/Bush/Bush ALL increased public sector spending to stave off recessions. If you have more people getting a paycheck, the money always makes its way back to the top.

 

[anatta]

Ask anatta. It was in his link. Although....Reagan/Bush/Bush ALL increased public sector spending to stave off recessions. If you have more people getting a paycheck, the money always makes its way back to the top.

defend your own bullshit. don't drag me into your conversations.
it's NOT just "government spending".

You aren't stupid. Read the OP. especially the part about business investing

 

[anatta]

for those who choose not to read: from the OP

The latest results for GDP, the value of all goods and services produced, show the economy withstood major hurricanes to reach a more solid footing as it entered the final stretch of the year, thanks to stronger business spending that’s helping cushion a softer pace of consumption......

Federal Reserve Chair Janet Yellen said Wednesday, just before the GDP report, that the expansion is “increasingly broad based across sectors as well as across much of the global economy.”....

The biggest improvement came in business investment, which made a 1.2 percentage-point contribution to growth

 

[TTQ64]

jeese. what are you Debbie Downer?
I realize you hate Trump, but you know de-regulation coupled with tax reform is driving this?

We've had a bubble since quantitative easing..the best way to get around it is real growth

Neither you, nor cawacky know what the fuck your talking about.

 

[anatta]

Neither you, nor cawacky know what the fuck your talking about.

 

[TTQ64]

In fact, none of you racist white wing nut jobs know what the fuck your talking about.

 

[anatta]

In fact, none of you racist white wing nut jobs know what the fuck your talking about.

 

[dukkha]

Forecasts Anticipate Another Solid Rise For U.S. Q4 GDP Growth
US economic growth in the fourth quarter is expected to hold at or near the solid 3% pace that's been reported in Q2 and Q3, according to several recent forecasts.
If the outlook is accurate, US GDP growth could post its strongest and longest run of quarterly increases in over a decade.
https://seekingalpha.com/article/4128057-forecasts-anticipate-another-solid-rise-u-s-q4-gdp-growth

MAGA baby!

 

[cawacko]

(I preface this by saying even smart people are very often wrong). I saw through a Cal Berkeley real conference last week with some high power players and multiple people kept saying we are in an asset bubble. (They pointed to Bitcoin as a prime example).

They said valuations on stocks have little to do with earnings. And there were multiple graphs that showed economic indicators today are at the same point where bubbles have burst previously.

I don't know if there was a consensus but most felt a recession wasn't coming in 2018 (baring some geo-political event) but did see it in '19 or '20.

Obviously if I had the answers I'd be a rich man but I don't. But it was fun/interesting to hear these people say what they did above

Alright TTQ64, you claim I don't know what the f*ck I'm talking about. Please share your thoughts here on the state of the economy and the next couple of years. Where do you believe the people are wrong in what I posted above?

 

[PostmodernProphet]

I haven't seen as much on the "bubble" thing over the past few months. Are you still hearing that we're headed for a major correction?

bitcoin is going to collapse, but I don't think there's enough money there to matter.......wait, there's NO money there........

 

[PostmodernProphet]

It's not like the $1.5 trillion is the only amount he's going to add to it, anatta.

don't forget our bet......you're banned for life if Trump's national debt is under $30T when he leaves office......

 

[PostmodernProphet]

State and local GOVERNMENT SPENDNG boosted the economy in the third quarter.

please, pretty please.....document......

 

[iewitness]

I think that since money is "made up" from nothing ; then "wealth" is "make believe" too; and "national debt" is a lie; which makes a slave of you. not me.