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Jan 10 - Fed Chairman Powell says he is ‘very worried’ about growing amount of U.S. debt


 


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 2 weeks ago '07        #26
DoctorNBA 49 heat pts49
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 Skateboard T said
...but that's still decreasing the deficit. You said Obama didn't decrease the deficit...yet you literally post numbers that show him decreasing the deficit.

Now you're trying to argue that the problem is he didn't create a surplus, which is correct, but not what your original post was.
He didnt decrease the debt.

 2 weeks ago '06        #27
Skateboard T 46 heat pts46
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 DoctorNBA said
He didnt decrease the debt.
But you were talking about the deficit...

 DoctorNBA said
Its been awhile since we had a president who actually knocked down the deficit. Not George W, Not Obama, Not Trump. There's one thing they all have in common I guess.
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 2 weeks ago '10        #28
Brezzzy 
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 Skateboard T said
But you were talking about the deficit...
People still don't know the difference between the debt and the deficit.

Amazin'

 2 weeks ago '06        #29
philly337 27 heat pts27
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 DoctorNBA said
R u a moron? ALL of these numbers are increasing the deficit. That shows that he is reducing the amount thats increasing the deficit.

If my business loses $10,000 one year and then loses $8,000 the next that doesnt make it a good year lol. Better than the previous but still losing $8k is TERRIBLE.

U must be the world's greatest Optimist lolololol.
Calls me a moron but doesnt know the difference in deficit and debt. Cant make this sh*t up

 2 weeks ago '06        #30
Skateboard T 46 heat pts46
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 Brezzzy said
People still don't know the difference between the debt and the deficit.

Amazin'
I think he knows, he's just constantly moving the goal posts. Because when he made that business loss analogy referring to the deficit it was a proper analogy...it just didn't support his point and he tried to pivot to "well he decreased the deficit but he didn't have a surplus". Now we're back to debt lol.
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 2 weeks ago '06        #31
philly337 27 heat pts27
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 DoctorNBA said
He didnt decrease the debt.
Lmaoooo shut up dumb a*s. You dont even know the sh*t ur trying to talk about

Nobodyyyy said he had a surplus (took a 1.4 tril deficit to a positive number). I said he decreasee the deficit and got it down to around $400b which he did. That's almost a trillion dollar difference then 09. Now csptain dipsh*t cut taxes across the board (what pays our debt) and people are scratching their head while the deficit is rising back to 1 tril
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 2 weeks ago '07        #32
DoctorNBA 49 heat pts49
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 philly337 said
Lmaoooo shut up dumb a*s. You dont even know the sh*t ur trying to talk about

Nobodyyyy said he had a surplus (took a 1.4 tril deficit to a positive number). I said he decreasee the deficit and got it down to around $400b which he did. That's almost a trillion dollar difference then 09. Now csptain dipsh*t cut taxes across the board (what pays our debt) and people are scratching their head while the deficit is rising back to 1 tril
This obviously wouldn't have results at this time. We'll need to check back in 18 months or so. I guess his last spending bill.

 2 weeks ago '06        #33
philly337 27 heat pts27
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 DoctorNBA said
This obviously wouldn't have results at this time. We'll need to check back in 18 months or so. I guess his last spending bill.
Lol what? The cuts went into action in 18. My check as well as your has been having less deducted
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 2 weeks ago '07        #34
DoctorNBA 49 heat pts49
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 philly337 said
Lol what? The cuts went into action in 18. My check as well as your has been having less deducted
I'm talking about the "trickle down" part and of course, the tariffs.

 2 weeks ago '06        #35
philly337 27 heat pts27
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 DoctorNBA said
I'm talking about the "trickle down" part and of course, the tariffs.
Lol why wouldnt? Corporations were getting a 14% tax cut that they were going to trickle down to the little man. This money would be on hand immediatley and spent. They didnt increase wages like they said they would for 2018 and did stock buyback and pocketed the money instead
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 2 weeks ago '07        #36
DoctorNBA 49 heat pts49
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 philly337 said
Lol why wouldnt? Corporations were getting a 14% tax cut that they were going to trickle down to the little man. This money would be on hand immediatley and spent. They didnt increase wages like they said they would for 2018 and did stock buyback and pocketed the money instead
Its takes years for expansion to occur in most businesses. In Oil & Gas, we had major expansions in 2018 which will result in more jobs, which will result in more consumer spending, which will result in higher GDP. Our expansion deals are not complete and may not be until 2020.
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 2 weeks ago '06        #37
Yung Dilla 1557 heat pts1557
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He should be Trump's bi*ch a*s only bankruptcy three of his companies

 2 weeks ago '17        #38
Ymmot 9 heat pts
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 DoctorNBA said
Its been awhile since we had a president who actually knocked down the deficit. Not George W, Not Obama, Not Trump. There's one thing they all have in common I guess.
The deficit was shrinking at the end of Obama's presidency.
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 2 weeks ago '07        #39
DoctorNBA 49 heat pts49
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 Ymmot said
The deficit was shrinking at the end of Obama's presidency.
So, in other words, the national debt was increasing.

 2 weeks ago '18        #40
StillSFamilyRep 3 heat pts
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 Sin said
Nobody has my vote yet, i need to see what their platform and campaign promises are

Off of past history alone he’s my front runner but that could all change once he starts talking platform
You just aren't smart when It comes to choosing who should run the country.

 2 weeks ago '18        #41
StillSFamilyRep 3 heat pts
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 TaxStoneCooked said
Invest in Gold while you can.

Quit buying iPhones and Jordan's.

And if there is a recession you gonna carry all of your gold in your hands?
+2   

 2 weeks ago '18        #42
StillSFamilyRep 3 heat pts
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 Sin said
I think trump a*sumed he’d have the trade deals completed by now and we’d be reaping the benefits from those by now

Before the economy slow down took affect
Your constant caping for Trump is sickening
-1   

 2 weeks ago '17        #43
Ymmot 9 heat pts
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 DoctorNBA said
So, in other words, the national debt was increasing.
The national debt is always increasing.
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 2 weeks ago '17        #44
Ymmot 9 heat pts
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 StillSFamilyRep said
Your constant caping for Trump is sickening
He's not even caping for trump in that post you quoted.
+2   

 2 weeks ago '18        #45
StillSFamilyRep 3 heat pts
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 Ymmot said
He's not even caping for trump in that post you quoted.
He kinda is, he keeps talking like Trump had a plan when Trump never had a plan to begin with. We all know he wings this sh*t fam. He isn't smart like that.


Last edited by StillSFamilyRep; 01-12-2019 at 08:23 AM..
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 2 weeks ago '06        #46
Kingme 22 heat pts22
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 StillSFamilyRep said
And if there is a recession you gonna carry all of your gold in your hands?
No, he's going to keep it in fort Knox and create something called a bank note or demand note that can be exchanged for services and/or goods props lmao
+2   

 2 weeks ago '18        #47
StillSFamilyRep 3 heat pts
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 Kingme said
No, he's going to keep it in fort Knox and create something called a bank note or demand note that can be exchanged for services and/or goods props lmao
fu*king dummy thinks its 1950

Just by that statement, you know he's broke or is gonna be broke fu*king investing in that sh*t. MAGATS believe we're going back to the fossil fuel days & gold saves the day

#Bitcoin
+1   

 2 weeks ago '19        #48
Gold Face 
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The dollar is doomed hard times ahead in the next 20 years

Never trust bitcoin

Gold backed bitcoin is a possibility

Gold face baby
+2   

 2 weeks ago '11        #49
Sin 1831 heat pts1831 OP
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 StillSFamilyRep said
fu*king dummy thinks its 1950

Just by that statement, you know he's broke or is gonna be broke fu*king investing in that sh*t. MAGATS believe we're going back to the fossil fuel days & gold saves the day

#Bitcoin
Bitcoin continues to drop


[pic - click to view]

+1   

 2 weeks ago '19        #50
Gold Face 
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 StillSFamilyRep said
fu*king dummy thinks its 1950

Just by that statement, you know he's broke or is gonna be broke fu*king investing in that sh*t. MAGATS believe we're going back to the fossil fuel days & gold saves the day

#Bitcoin
gold standard has been around longer then any other currency

Throughout the course of history it has always reverted back to gold standard

Bitcoin is a joke. Humans will never put their faith in something the average human can’t understand or explain

Picture people in the uneducated parts of town trying to explain bitcoin or where their 7 dollars is


Last edited by Gold Face; 01-12-2019 at 09:23 AM..
+1   

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