Trump adds $1 TRILLION in DEBT (with pitifully insignificant economic growth)

Murphy

Murphy

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Apr 12, 2013
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He's also desperately trying to fit in.

 
JLM

JLM

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Murphy said:
No need to throw a fit, Cliffy. When you don't understand something, just ask. I'll help.

Petros, Cliffy doesn't understand what "American domestic businesses" are. Could you explain it to him? I would, but Cliffy gets upset easily. I believe Mhz said Cliffy gets pressure in his brain.
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Mhz isn't always totally accurate, especially about things to do with the brain. :) :)
 
mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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So you understand why you're a leftard then.


Did you also know that Canada's debt to GDP is much less?
 
Dixie Cup

Dixie Cup

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Sep 16, 2006
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Well, putting more money into the pockets of the average joe should be a boon to the economy as people have more disposable income as a rule. However, with so many people deep in debt (including governments) it's likely any additional funds will go towards paying the debt and not in new spending. So, it's a toss-up as to whether tax cuts now-a-days will have any impact at all for anyone.


We'll have to wait and see won't we? AT&T and other companies who have said their employees will get $1,000 bonuses might boost the spending for Christmas but who knows what'll happen in the next 4 - 6 months. If I were getting a bonus, I'd be applying it against any debt I had and curb any new spending I would be tempted to make. But that's me.


JMHO
 
avro25

avro25

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True.....very true.

Debt is an issue and interest rates are going up.

Probably nothing....
 
JLM

JLM

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Dixie Cup said:
Well, putting more money into the pockets of the average joe should be a boon to the economy as people have more disposable income as a rule. However, with so many people deep in debt (including governments) it's likely any additional funds will go towards paying the debt and not in new spending. So, it's a toss-up as to whether tax cuts now-a-days will have any impact at all for anyone.


We'll have to wait and see won't we? AT&T and other companies who have said their employees will get $1,000 bonuses might boost the spending for Christmas but who knows what'll happen in the next 4 - 6 months. If I were getting a bonus, I'd be applying it against any debt I had and curb any new spending I would be tempted to make. But that's me.


JMHO
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Not sure how all that plays out. One thing pretty much for sure, when you pay a debt, the debtor likely puts the money back in the economy, albeit likely on B.M.W.s and Rolls Royces. :) :)
 
taxslave

taxslave

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Nov 25, 2008
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Dixie Cup said:
Well, putting more money into the pockets of the average joe should be a boon to the economy as people have more disposable income as a rule. However, with so many people deep in debt (including governments) it's likely any additional funds will go towards paying the debt and not in new spending. So, it's a toss-up as to whether tax cuts now-a-days will have any impact at all for anyone.


We'll have to wait and see won't we? AT&T and other companies who have said their employees will get $1,000 bonuses might boost the spending for Christmas but who knows what'll happen in the next 4 - 6 months. If I were getting a bonus, I'd be applying it against any debt I had and curb any new spending I would be tempted to make. But that's me.


JMHO
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That's because you have a brain.Most people will spend it. There are people out there that think if their credit card isn't maxed out they have money.
 
DaSleeper

DaSleeper

Trolling Hypocrites
May 27, 2007
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Haven't bought anything on credit in 20 years except my car, 5 years ago just because it was interest free loan, but the interest on the money that stayed in the bank was so low that whatever I gained was insignificant....
 
Murphy

Murphy

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Apr 12, 2013
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No, it's not. If you are buying a car - that is, not using someone else's - then it's costing you big time.

Get a job that offers a company car, or work for a rich person. Use the company vehicle to do your running around! I've never bought a car in my life, but drive almost daily.

And no, I'm not a bus driver or a taxi driver! I get others to pay for my wheels.

[youtube]9i8857WvWyQ[/youtube]
 
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