Stupid comment. Republicans want him out which is actually amazing, but this is not a Democrat political prosecution. Also, Santos (and whatever other names he's using) is a bad guy. He needs to not be in Congress.
I will, maybe, if this goes well and I remember to do it, give you a macro economic chart every day or two to bring some facts to the table. Lord knows we need them, instead of memes from shlt posters and inflammatory posts from trolls.
Today is Fed government tax receipts. We often talk about spending, but rarely the other side of the equation. Looking at fed revenues tells us more of what we can afford. And here the news is good - revenues are around 20% higher than where they were in the Trump admin, although down a little from their Biden Admin peak.
The boost is because of strong post-covid economic activity, incl capital gains realized after the 2021 bull market in stocks.
The recent decline is thought to be because capital gains tax receipts were down this year because 2022 was a bad year for stocks. 2023 has seen a strong 20% gain in stocks so we'll likely see receipts go back up again.
This is not an inflation adjusted number so some of the boost is not 'real' but the result of inflation.
Takeaway: Sure, spending has gone up, but so has revenue, so the deficit has not increased as much as you'd think.
What agip fails to acknowledge in this macro economic analysis is interest we pay on the debt rose last year due to efforts to combat Bidenflation created by the American Rescue Plan and a number of other measures enacted by the previous Democrat controlled congress and executive orders issued by Biden (to the tune of about half a trillion dollars). So any gains from increased tax collections (which were short of projections by the CBO, which is what Biden was relying on to pay for other bills like the Inflation Reduction Act) were more than offset by the additional interest payments and additional spending resulting in a $1.7 trillion deficit last year. This number would have been $2.1 trillion if not for the Supreme Court overturning his student loan forgiveness plan (which he is still trying to push through in a different form).
not completely wrong, but you can't look at dollars in isolation. GDP is growing so fast that higher interest payments are a smaller problem than this poster suggests.
These data are a bit dated, but you can see that interest payments as a percent of GDP are low historically. Yes, when 2023 makes its way into the graph the numbers will worsen. On the other hand, GDP grew an utterly massive 9% in nominal terms last quarterso that will offset some of the higher interest payments.
I will, maybe, if this goes well and I remember to do it, give you a macro economic chart every day or two to bring some facts to the table. Lord knows we need them, instead of memes from shlt posters and inflammatory posts from trolls.
Today is Fed government tax receipts. We often talk about spending, but rarely the other side of the equation. Looking at fed revenues tells us more of what we can afford. And here the news is good - revenues are around 20% higher than where they were in the Trump admin, although down a little from their Biden Admin peak.
The boost is because of strong post-covid economic activity, incl capital gains realized after the 2021 bull market in stocks.
The recent decline is thought to be because capital gains tax receipts were down this year because 2022 was a bad year for stocks. 2023 has seen a strong 20% gain in stocks so we'll likely see receipts go back up again.
This is not an inflation adjusted number so some of the boost is not 'real' but the result of inflation.
Takeaway: Sure, spending has gone up, but so has revenue, so the deficit has not increased as much as you'd think.
Are you insane? The deficit has been the largest of ALL TIME every single year other than 2020.
Biden is running historically bad deficits.
To be fair and correct, BOTH parties are completely irresponsible when it comes to our national debt and deficit spending. Neither one has a high horse here...oh, and I'm not interested in a discussion with you on this, so put a sock in it.
Are you insane? The deficit has been the largest of ALL TIME every single year other than 2020.
Biden is running historically bad deficits.
To be fair and correct, BOTH parties are completely irresponsible when it comes to our national debt and deficit spending. Neither one has a high horse here...oh, and I'm not interested in a discussion with you on this, so put a sock in it.
There's only one reason the most opinionated and obnoxious person on the site wouldn't want to discuss something. lol.
60 cents of every dollar the US government spends goes to entitlements created by Democrats to buy votes.
It is complete BS to claim that the debt is a 50/50 thing.
In the rosiest of scenarios for Democrats 75% of the debt is 100% their fault.
Are you insane? The deficit has been the largest of ALL TIME every single year other than 2020.
Biden is running historically bad deficits.
To be fair and correct, BOTH parties are completely irresponsible when it comes to our national debt and deficit spending. Neither one has a high horse here...oh, and I'm not interested in a discussion with you on this, so put a sock in it.
note that the debt as a percent of GDP has come down a lot during the Biden admin after the catastrophic trump administration. Sure, COVID had a lot to do with Trump's blowing out the deficit.
The Biden boom (9% nominal GDP!) will help control this number.
Cohen is a New York liberal. They are all corrupt liars.
You grossly overestimate the worth of the typical liberal.
Clinton was a pathological liar and a criminal.
Biden might be the only person on earth who lies more than Trump and is clearly a criminal.
You are deflecting. Why is Trump surrounded by corrupt criminal liars which you acknowledge?
BTW, Trump and Cohen are both decades long partners and both lifetime New Yorkers. Trump just changes his political stripes whenever he sees personal benefit. It’s all a con and you are the mark if you think Trump shares anyone’s core conservative beliefs.
Trump policies > Clinton or Biden policies.
Trump is less corrupt than the Clintons or the Bidens.
All of your critiques of Trump are meaningless when you keep running candidates who are WORSE than he is.
Massive welfare spending contributed to it. It benefited the bottom 20% and especially the bottom 10% - Democrats' most loyal voters, inner city welfare queens who have more kids for more welfare - while harming everyone else.
What agip fails to acknowledge in this macro economic analysis is interest we pay on the debt rose last year due to efforts to combat Bidenflation created by the American Rescue Plan and a number of other measures enacted by the previous Democrat controlled congress and executive orders issued by Biden (to the tune of about half a trillion dollars). So any gains from increased tax collections (which were short of projections by the CBO, which is what Biden was relying on to pay for other bills like the Inflation Reduction Act) were more than offset by the additional interest payments and additional spending resulting in a $1.7 trillion deficit last year. This number would have been $2.1 trillion if not for the Supreme Court overturning his student loan forgiveness plan (which he is still trying to push through in a different form).
not completely wrong, but you can't look at dollars in isolation. GDP is growing so fast that higher interest payments are a smaller problem than this poster suggests.
These data are a bit dated, but you can see that interest payments as a percent of GDP are low historically. Yes, when 2023 makes its way into the graph the numbers will worsen. On the other hand, GDP grew an utterly massive 9% in nominal terms last quarterso that will offset some of the higher interest payments.
CORRECT! When you consider there are two very impactful wars going on, it is unreal that the economy is on fire like it is.
* Gas is under $3 a gallon in my city and state.
* The unemployment rate continues to be super low (and too low even).
* The GDP was just adujsted upward for the 3rd quarter when it was already on fire.
* In the stock market, I am up 16.42% YTD, and the NASDAQ is up an astonishing 37.73% as of this writing YTD.
Anyone who says the economy is bad doesn't know what they are talking about. The only way to make the economy better is to allow more immigrants to come here (fast track that) to fill the open jobs and gain even more tax revenue for our country.
To be fair and correct, BOTH parties are completely irresponsible when it comes to our national debt and deficit spending. Neither one has a high horse here...oh, and I'm not interested in a discussion with you on this, so put a sock in it.
There's only one reason the most opinionated and obnoxious person on the site wouldn't want to discuss something. lol.
60 cents of every dollar the US government spends goes to entitlements created by Democrats to buy votes.
It is complete BS to claim that the debt is a 50/50 thing.
In the rosiest of scenarios for Democrats 75% of the debt is 100% their fault.
I said put a sock in it you delusional cult member fool.
Massive welfare spending contributed to it. It benefited the bottom 20% and especially the bottom 10% - Democrats' most loyal voters, inner city welfare queens who have more kids for more welfare - while harming everyone else.
Right.
The poorest of the poor are given everything and those victimized rich people are really getting screwed
Massive welfare spending contributed to it. It benefited the bottom 20% and especially the bottom 10% - Democrats' most loyal voters, inner city welfare queens who have more kids for more welfare - while harming everyone else.
You are deflecting. Why is Trump surrounded by corrupt criminal liars which you acknowledge?
BTW, Trump and Cohen are both decades long partners and both lifetime New Yorkers. Trump just changes his political stripes whenever he sees personal benefit. It’s all a con and you are the mark if you think Trump shares anyone’s core conservative beliefs.
Trump policies > Clinton or Biden policies.
Trump is less corrupt than the Clintons or the Bidens.
All of your critiques of Trump are meaningless when you keep running candidates who are WORSE than he is.
I guess the Clintons and the Bidens are just lucky then that they aren't charged with 91 felony counts like Trump is. Sucks to be you on the losing end. You're a fool.
Massive welfare spending contributed to it. It benefited the bottom 20% and especially the bottom 10% - Democrats' most loyal voters, inner city welfare queens who have more kids for more welfare - while harming everyone else.
Right.
The poorest of the poor are given everything and those victimized rich people are really getting screwed
1) If you really believe that, then go live like the poorest of the poor so that you can be given "everything." Seriously, go do that. I mean, why wouldn't you?
2) I'm rich, and I'm not getting screwed at all. I have more money than I will ever need, and the stock market continues to make me richer.
I don't really support corporate welfare, but making sure we have a stable food supply is far more important than giving more money to a single mother welfare queen so her 3 year old can have a new $250 pair of shoes.
not completely wrong, but you can't look at dollars in isolation. GDP is growing so fast that higher interest payments are a smaller problem than this poster suggests.
These data are a bit dated, but you can see that interest payments as a percent of GDP are low historically. Yes, when 2023 makes its way into the graph the numbers will worsen. On the other hand, GDP grew an utterly massive 9% in nominal terms last quarterso that will offset some of the higher interest payments.
CORRECT! When you consider there are two very impactful wars going on, it is unreal that the economy is on fire like it is.
* Gas is under $3 a gallon in my city and state.
* The unemployment rate continues to be super low (and too low even).
* The GDP was just adujsted upward for the 3rd quarter when it was already on fire.
* In the stock market, I am up 16.42% YTD, and the NASDAQ is up an astonishing 37.73% as of this writing YTD.
Anyone who says the economy is bad doesn't know what they are talking about. The only way to make the economy better is to allow more immigrants to come here (fast track that) to fill the open jobs and gain even more tax revenue for our country.
"In the stock market, I am up 16.42% YTD, and the NASDAQ is up an astonishing 37.73% as of this writing YTD."
Flagpole - where are you getting this "16.42% YTD?" Please explain how you came up with this number because I really think you have no clue how to figure that out.
Trump is less corrupt than the Clintons or the Bidens.
All of your critiques of Trump are meaningless when you keep running candidates who are WORSE than he is.
I guess the Clintons and the Bidens are just lucky then that they aren't charged with 91 felony counts like Trump is. Sucks to be you on the losing end. You're a fool.
They're lucky the GoP doesn't weaponize the government and DoJ the way Democrats do.
CORRECT! When you consider there are two very impactful wars going on, it is unreal that the economy is on fire like it is.
* Gas is under $3 a gallon in my city and state.
* The unemployment rate continues to be super low (and too low even).
* The GDP was just adujsted upward for the 3rd quarter when it was already on fire.
* In the stock market, I am up 16.42% YTD, and the NASDAQ is up an astonishing 37.73% as of this writing YTD.
Anyone who says the economy is bad doesn't know what they are talking about. The only way to make the economy better is to allow more immigrants to come here (fast track that) to fill the open jobs and gain even more tax revenue for our country.
"In the stock market, I am up 16.42% YTD, and the NASDAQ is up an astonishing 37.73% as of this writing YTD."
Flagpole - where are you getting this "16.42% YTD?" Please explain how you came up with this number because I really think you have no clue how to figure that out.
Another thing - you have said many times you have beaten the market 32 of 33 years (pretty much impossible). Which market?!? The Nasdaq, the S & P, the Dow? I think you have said in the past compared to the Dow, but that is ridiculous to compare your diversified portfolio against one that has only 30 stocks and conservative ones at that. The dow has AAPL and MSFT but doesn't have the rest of the high-flying magnificent 7. You are comparing apples to oranges. How are you basing your YTD? Capital appreciation or capital appreciation plus dividends?
I guess the Clintons and the Bidens are just lucky then that they aren't charged with 91 felony counts like Trump is. Sucks to be you on the losing end. You're a fool.
They're lucky the GoP doesn't weaponize the government and DoJ the way Democrats do.
The Republicans didn''t have hack partisan attorneys general who went after Trump with a vengeance.
I guess the Clintons and the Bidens are just lucky then that they aren't charged with 91 felony counts like Trump is. Sucks to be you on the losing end. You're a fool.
They're lucky the GoP doesn't weaponize the government and DoJ the way Democrats do.
Under Obama, Lois Lerner and the IRS went after about 500 conservative groups and maybe 2 liberal ones.
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