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Congress just passed an $80 billion spending increase

Posted on: November 17, 2017 at 16:08:05 CT
Knucklehead MU
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Congress just passed an $80 billion spending increase for defense.

Interest rates are headed higher, and the tax cuts will result in additional interest rate increases, higher interest and defense costs will offset any spending cuts that make it through congress.

You have to live in the real world. Deficits are going up.

Here is the big concern, what happens in the next economic downturn. We currently have a deficit of 660 billion, with low unemployment. That is about 3.5 percent of GDP. That is a fair representation of the current structural deficit (i.e. the portion of the deficit not attributed to economic cycle).

The tax cuts will increase the deficit by about 200 billion, taking the structural deficit to about 4.5 percent. We are headed to deficits of 7% of GDP in the next recession.

Edited by Knucklehead at 16:12:19 on 11/17/17
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     The tax reform bill is a disaster - KC rules MU - 11/17 22:26:01
          The tax bill is a clear attempt to punish folks that didn't - SparkyStalcup MU - 11/18 00:00:56
     "Cut spending....then when the debt is paid down - MIZ45 MU - 11/17 18:15:16
          YOU NEVER PAY DOWN A DEBT BY CUTTING SPENDING - raskolnikov MU - 11/17 18:34:56
               You literally think like an 8 yr. old. - Emoji Man MSU - 11/17 21:45:59
               You left out the most important aspect of my post, friend - MIZ45 MU - 11/17 19:59:03
               So you pay down a debt by increasing spending? - DHighlander NWMSU - 11/17 19:52:22
               lmfao, now we all know why you're functionally retarded. - 90Tiger MU - 11/17 18:49:42
               You forget that you still have income. - Spanky KU - 11/17 18:47:22
                    depends of course on other variables - JG MU - 11/17 19:20:03
                         like the broken glass, lmao, here comes crazy folks (nm) - 90Tiger MU - 11/17 19:41:04
                              Yeah I did solve the riddle of the broken glass didn't I - JG MU - 11/17 19:52:17
                                   it's not a riddle to sane people (nm) - 90Tiger MU - 11/17 20:00:34
                                        Since you couldn't see it, it certainly was, - JG MU - 11/17 20:02:35
                                             seek medical help (nm) - 90Tiger MU - 11/17 20:08:16
                                                  I need no help at all against a hapless helpless kitten - JG MU - 11/17 20:09:07
                                                       yeah, but i'm not the issue, JG. (nm) - 90Tiger MU - 11/17 20:35:06
                    YOU CAN'T CUT MANDATORY SPENDING, IT'S - 90Tiger MU - 11/17 18:50:29
                         Uh, up to a point. Laws can be changed. Like - GA Tiger MU - 11/17 20:02:07
                         Thats the Libbie Rally Cry - Spanky KU - 11/17 19:17:33
          Because George is not a Conservative - Spanky KU - 11/17 18:24:51
               Oh and whats the first thing I suggested again? - JG MU - 11/17 19:16:05
     That's certainly not a conservative position - pickle MU - 11/17 16:35:36
          It certainly is - JG MU - 11/17 17:17:22
               You are as functionally retarded as rask (nm) - 90Tiger MU - 11/17 18:50:57
                    Sure thing trigger - JG MU - 11/17 18:54:45
               You also have no idea what Conservative is - Spanky KU - 11/17 18:11:59
                    You will look hard and long and unsuccessfully - JG MU - 11/17 19:57:56
                    We can all agree that republicans are not conservative - JG MU - 11/17 18:55:12
                         some are..many are not - Spanky KU - 11/17 19:00:24
     Of course, it has happened never, but don't worry bout that(nm) - raskolnikov MU - 11/17 16:27:21
     In addition to being an engineer, you're also economist? - Fourth and Long MU - 11/17 16:23:02
          Its a pretty low bar to know more about anything than you - JG MU - 11/17 16:30:15
               Can you share your techniques for obtaining canine semen? - Fourth and Long MU - 11/17 17:05:06
                    90% of time - JG MU - 11/17 17:24:36
                         the other 10% you just suck it out? (nm) - 90Tiger MU - 11/17 19:42:50
                    Pretty sure it involves a big bowl of Ol Roy an drinks first - Uncle Fester USMC - 11/17 17:23:19
                         Lol(nm) - Ragnar Danneskjold MU - 11/17 17:35:59
               πŸ‘½βœˆοΈπŸšΆπŸ»πŸŒ‹πŸ‘» - Emoji Man MSU - 11/17 16:44:03
     Corporate profits as a % of GDP have been rising for years - Knucklehead MU - 11/17 16:02:49
     MO GUBMINT PEASE JGCW JGCW JGCW - Ragnar Danneskjold MU - 11/17 15:58:20
     The debt should be repudiated. (nm) - ummmm MU - 11/17 15:51:28
     Need to cut spending with the taxes - Sal KC - 11/17 15:49:44
          It is funny how they always say that - meatiger MU - 11/17 16:12:48
               and the stupid folk keep on votin em in - JayHoaxH8r MU - 11/17 16:55:02
                    is this where you tell me R's and D's aren't the - 90Tiger MU - 11/17 18:52:11
          Congress just passed an $80 billion spending increase - Knucklehead MU - 11/17 16:08:05
               we have to cut spending - El-ahrairah BAMA - 11/17 16:13:01
                    Screwing the baby boomers is the plan - Knucklehead MU - 11/17 16:19:55
                         You didn't pay for your benefits - El-ahrairah BAMA - 11/17 16:51:04
                         I’m sure you were very successful. LOL. - Emoji Man MSU - 11/17 16:29:41
          HAHAHHHAHAHHAAHAHAHAHAHHHA - JayHoaxH8r MU - 11/17 15:58:16
               We know you're for increased spending - Sal KC - 11/17 16:22:25
                    So you know zip - JayHoaxH8r MU - 11/17 16:34:37
     Can you tell me where the companies on the list - TGR84 MU - 11/17 15:48:56
          They don't have to stash them anywhere in particular - JG MU - 11/17 16:31:53
               Some places more than others, definitely not the U.S. - TGR84 MU - 11/17 17:10:31
                    You should have stopped at think - TIGERROAR MU - 11/17 17:24:49
          no..he cant - Spanky KU - 11/17 16:19:55
               You take your so many defeats so painfully and so - JG MU - 11/17 16:32:38
                    Nah... you just keep lying about not lying - Spanky KU - 11/17 16:55:40
                         Oh there is lying about lying going on here - JG MU - 11/17 17:25:24
                              As usual..you are stone cold busted - Spanky KU - 11/17 17:28:25
                                   Your inability to grasp English does not will not can not - JG MU - 11/17 17:29:59
                                        you used ThinkProgress to post news on TB - Spanky KU - 11/17 17:47:25
                                             LOL I never denied that - JG MU - 11/17 17:49:47
                                                  "I never went to Think Progress as a news source" - Spanky KU - 11/17 18:26:15
                                                       Well other than rarely now and then isn't a a regular basis - JG MU - 11/17 18:54:03
                                                            You said β€œNEVER”. Not rarely, not infrequently - Spanky KU - 11/17 19:20:03
                                                                 Keep flailing - JG MU - 11/17 19:21:19
                                                                      It was used as I showed - Spanky KU - 11/17 21:38:54
                                                                           Nope - JG MU - 11/18 09:31:55
                                                                                β€œI never went to Think Progress as a news source" - Spanky KU - 11/18 09:35:16
                                                                                     Keep flailing , hey stallworths like 90 Tiger are at your - JG MU - 11/18 09:42:47
                                                                                          You are stone cold busted, George - Spanky KU - 11/18 10:45:02
                                                                                               I can't help that you are both stupid and dishonest - JG MU - 11/18 11:10:30
                                                                      RE: Keep flailing - 90Tiger MU - 11/17 20:36:13




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