As you know, calling government debt "Democratic Party debt" is merely your inflammatory baiting attempt. I urge nobody to take the bait.Why do you support Democratic Party debt? Obviously by your message you do.
that is 20% after what Obama left what would the percent be if it was when Obama took overAfter eight years of Obama the deficit increased 57%. Trump has increased it 20% so far.
US Deficit by President: What Budgets Hide
Obama was President for most of FY 2009 - I notice you ignore that. Oh, and "Bush's recession ended in 2009, about five months after Obama took office. Oh, and Trump didn't inherit a "robust recovery economy" He inherited an anemic, gasping economy struggling to reach 2% GDP grow. In fact the economy grew only 1.6% in 2016 - Obama's last year. And Trump managed to cut Obama's "full employment" 4.7% unemployment rate by a full point to 3.7% while adding millions to the labor force. Also, you conveniently over look that the GOP controlled the House during most of Obama's "deficit shrinking".
Obama's first fiscal year started on Oct1 2009 and that was the 2010fiscal yearObama was President for most of FY 2009 - I notice you ignore that. Oh, and "Bush's recession ended in 2009, about five months after Obama took office. Oh, and Trump didn't inherit a "robust recovery economy" He inherited an anemic, gasping economy struggling to reach 2% GDP grow. In fact the economy grew only 1.6% in 2016 - Obama's last year. And Trump managed to cut Obama's "full employment" 4.7% unemployment rate by a full point to 3.7% while adding millions to the labor force. Also, you conveniently over look that the GOP controlled the House during most of Obama's "deficit shrinking".
I don’t see what benefit China gets from buying up U.S. debt, causing our government to enjoy super low borrowing costs.
What you aren't taking in consideration is the discount on those bonds. Bond prices in the secondary market change in price depending upon prevailing interest rates -- bonds issued at high rates sell at a premium in low interest rate environments; bonds issued at low rates sell at a discounts in higher interest rate environments. Those negative interest bonds are selling at high discounts, making them bargains.You are probably right. They could instead be out there buying up the $15T or so in negative interest bonds floating around instead of ones that actually pay interest. Whatever could I have been thinking.
What you aren't taking in consideration is the discount on those bonds. Bond prices in the secondary market change in price depending upon prevailing interest rates -- bonds issued at high rates sell at a premium in low interest rate environments; bonds issued at low rates sell at a discounts in higher interest rate environments. Those negative interest bonds are selling at high discounts, making them bargains.
Why do you support Democratic Party debt? Obviously by your message you do.
Yeah, but the article is rubbish. The increased debt won't pose a problem.
You read it here first.
Treasury wouldn't have to do this if Congress did their job.
On budget matters , the President proposes, and Congress disposes.
So when a GOP President, whether it be Reagan, Bush or Trump, proposes a budget they own the fiscal outcome.
Such dishonesty --- this article is dated Jan 7, 2009, before Obama's inauguration.
CBO projects record $1.2 trillion deficit - Jan. 7, 2009
The U.S. budget deficit in 2009 is projected to spike to a record $1.2 trillion, or 8.3% of gross domestic product, the Congressional Budget Office said Wednesday.
The dramatic jump to the highest-ever deficit in dollar terms compares to a $455 billion deficit in fiscal year 2008 and $161 billion in 2007. The estimate does not account for the massive spending and tax cuts proposed in President-elect Barack Obama's economic rescue plan.
And let's also not forget that Bush/Cheney inherited a budget surplus.
When there is instability in the world investors move to what they perceive as safe havens. Traditionally, that's been U.S. gov't securities.And what you aren't taking into consideration is that there have been two major upticks in foreign investment in US treasuries trends in recent history that corresponded to global slowdowns---during the dot com bubble burst and after the Great Recession. Foreign investors are now the second largest holder of US notes and bonds. Germany is heading into a recession; Brexit is looming; Japan is stuck in deflation; and much of the world is selling negative interest bonds. The US is their safest bet right now.
That said, getting back to what I posted about China, the ability to dump a massive amount of US treasuries is a hedge against trade and currency wars with the US. It is their nuclear option.
Treasury wouldn't have to do this if Congress did their job.
Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit — and that is a concern - MarketWatch
As usual, the deficit skyrockets with a gop president.
Common sense says that when someone is in a bind and needs to borrow money, a/k/a USTreasury Bonds, that the cost of that money will rise. Seems like the US will have to increase the interest payments on the bonds to entice lenders/buyers of USTreasuries. Otherwise, buyers will lose money on the bonds. The numbers are only in the TRILLIONS, not a thousand, and not a thousand thousand, and not a thousand million, but over a thousand billion. I think visualization of this reality is extremely difficult for any citizen. Think about it!
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3-Anyone that championed Obama but then points their finger at Trump is a ****ing moron. Obama more than doubled the entire accumulated national debt of all previous administrations combined. There is no excusing that.
I wonder who controlled Congress when the 2009 budget was written and passed by them.
Treasury wouldn't have to do this if Congress did their job.
Before, you blamed Obama. Now that I proved that the extreme deficit was already in place before Obama, you deflect.
Talk to Moscow Mitch about that.
But who is going to ultimately deal with the deficit and debt?
I have to ask why do the people on the right keep repeating the lie that Obama doubled the debt?1-Anyone that thinks "the other side" is to blame for the deficit is a partisan ****ing moron. Both parties have ****ed this country over with their lack of fiscal responsibility.
2-Trumps administration is failing with regard to controlling deficit spending.
3-Anyone that championed Obama but then points their finger at Trump is a ****ing moron. Obama more than doubled the entire accumulated national debt of all previous administrations combined. There is no excusing that.
4-Anyone that champions Trump but has pointed their finger at Obama is a ****ing moron.
Face it...both parties are covered in **** pointing their finger at the other guys and laughing and saying "look what THEY stepped in". And if anyone is voting and sending those same ****wits back every year, you are covered in that same **** and just as culpable.
Please don't confuse me with someone else. I've always...and only...blamed Congress for deficit spending.
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