Another result of the brain dead Biden economy - remember, you liberal morons voted for this- now, go ahead and blame President Trump, he has only been out of office for 2+ years...
Another result of the brain dead Biden economy - remember, you liberal morons voted for this- now, go ahead and blame President Trump, he has only been out of office for 2+ years...
Hmmm.... ''predicted''
Try harder, SFB
Because the RepubliQ and Trump collaborated to starve the government of revenue, the government has to borrow. So interest rates may indeed rise.
Originally posted by: Kevin Lewis
Because the RepubliQ and Trump collaborated to starve the government of revenue, the government has to borrow. So interest rates may indeed rise.
Kevin, you really should have paid more attention during economics 101. Higher government spending drives up inflation, which is followed by higher interest rates.
Because the RepubliQ and Trump collaborated to starve the government of revenue
Another kevin lie
The facts
Federal revenue in 2016 was $3.27t. In 2023 it is $4.71t, a 44% increase for an annual increase of 7%. Spending has gone from $3.8t to $6.2t a 63% increase for an annual increase of 10.5% It is a spending issue not a revenue issue
https://www.thebalancemoney.com/current-u-s-federal-government-tax-revenue-3305762
https://en.wikipedia.org/wiki/2016_United_States_federal_budget
Originally posted by: tom
Because the RepubliQ and Trump collaborated to starve the government of revenue
Another kevin lie
The facts
Federal revenue in 2016 was $3.27t. In 2023 it is $4.71t, a 44% increase for an annual increase of 7%. Spending has gone from $3.8t to $6.2t a 63% increase for an annual increase of 10.5% It is a spending issue not a revenue issue
https://www.thebalancemoney.com/current-u-s-federal-government-tax-revenue-3305762
https://en.wikipedia.org/wiki/2016_United_States_federal_budget
The damage to the government's revenue was done in 2018. The "Tax Cuts and Jobs Act."
Stupid Tommie-poo.
Originally posted by: Boilerman
Kevin, you really should have paid more attention during economics 101. Higher government spending drives up inflation, which is followed by higher interest rates.
Nope. Government spending is only one side of the coin. Government revenues are the other. If spending exceeds revenue, the government is forced to borrow, and THAT drives up inflation. If revenues increase as well as spending, the effect is neutral.
Conservitards LUVVV to focus on spending and ignore revenue. That's because they collaborated to ass-fuck the government's revenue, in service to their corporate masters. Then when the government runs out of money (surprise!) they blame all that "liberal spending" and conspire to cut Social Security and Medicare.
Boiler's like some guy who quits his job and then yells at his wife for blowing money on food and electricity.
Every year 2016 spending has increased faster than revenue. We have a spending problem not a revenue problem
Stupid Tommie-poo, like Boiler, doesn't understand that running out of money can be the the result of either spending too much, earning too little, or both.
Stupid Tommie-poo.
Originally posted by: tom
Every year 2016 spending has increased faster than revenue. We have a spending problem not a revenue problem
The REAL problem" is we have a DemocRat Administration problem.Get rid of them and the current problems go away.