Posted on 01/04/2019 10:17:27 AM PST by abb
Id bet on it.
Yep...we have a spending problem, not a revenue problem. For sure.
That is pretty much how I feel.
Problem is, we have people standing in our way and they have both (D) and (R) after their names.
To use the figurative analogy you started with, we are probably have to use flamethrowers to root them out of government.
Yep, January of 2018 and has been nothing but a downside.
100% Fungi.
I look at our federal (and state) finances as being a great, big huge bucket with money being poured into the top like Niagara Falls.
And there are holes in the bucket that the water (money) flows out of at the same time.
Some of those holes are really big. Social Security, Medicare, welfare, and other entitlements. The huge, bloated payrolls of the Federal government and the operating budgets of the various departments. Some of those holes we can make smaller in some way. For example, there are so many government agencies that are so bloated and/or useless, we could trim down the ones we need some component of and completely eliminate others.
The US military? I am for a big and powerful military. But the acquisition process needs to be completely overhauled. A 20 year acquisition cycle for a jet fighter is absurd.
Department of Education? That should end today and now. Put them all out on the street. Let localities run education as they see fit at the state, or better yet, the local levels.
The IRS? Make it a skeleton department. Go to a flat tax. You make this much, you pay this much.
Subsidies? Overhaul that. Get rid of things like Ethanol, what a waste. Electric car and solar subsidies, eliminate them.
But I think one of the biggest drains on the government coffers is the hundreds of thousands of small holes...grants for studies, $150K here, $500K there, $2.5 million over there. Money grants for things like bike trails (I love bike trails, but when you are broke and in debt in your personal life, you can’t build a swimming pool...same with the government at all levels. They built a beautiful bike trail through my town, but they have not been able to pave the pitiful road into my neighborhood for decades). Money grants to study the Spotted Lugwort. Money to study the ways cow fertility is affected by “climate change”.
As a matter of fact, eliminate ANY money AT ALL for “Climate Change” crap. All of it. It is a wealth redistribution scam, a deliberate hobble on the US economy, and a UN power grab. Not a penny for any of it.
Get the government out of housing loans. Get them out of student loans. Eliminate the Highway Funds which the government uses as a cudgel to make states toe the line with some federal mandate. Don’t want to adopt Common Core in your schools? No Highway Funds for you. We have to stop that.
Well, you get the idea. I suspect we speak the same language here.
The Fed needs to follow President Trump’s advice (his 2015 & 2016 advice anyway) and continue to normalize rates (an increase of at least 150 to 250 basis points).
President Trump in June 2015: “We have a big, fat bubble coming up, you watch. We have artificially induced low interest rates, I borrow money...you pay like nothing; they give you free money. Now that’s bad, that’s not good.” and Pres. Trump in Sept. 2016: “The interest rates are kept down by President Obama; I have no doubt that that’s the reason they are being kept down.” and “I used to hope that the Fed was independent, and the Fed is obviously not independent. It’s obviously not even close to being independent.”.
The economy is running hot along with inflation (I can’t keep up with the local restaurant menu price increases!)...The Fed should continue to act independently as Mr. Trump so correctly put it.
https://www.msnbc.com/morning-joe/watch/donald-trump—the-country-is-doing-terribly-467434563618
I guess you think the feds job is to slow down the economy. Great. F that. Main street - not wall street.
Yep, main street as in “savers” and retirees...not Wall Street...far past time to normalize rates.
Main street as in the 150 million workers in the USA. Hey if you need a can opener for your daily ration of dog food I will send you a new one.
The 150 million workers in the US are doing just fine (did you miss today’s headlines?!?)...a Wall Street bubble bursting will not help the middle class.
“we are used to DOW for decades in a much lower range ( 15000 in 2013) 500 600 800 movement looks large but the % is small.”
The Dow closed up 747 points or 3.3 percent today. Even in percentage terms, that’s not a “small” one-day move.
“Beating the jobs expectation is excellent, but I am tempered by the notion that many of these were probably seasonal hires, correct?”
The employment numbers are adjusted for seasonality. The adjustments aren’t perfect, of course, but are based on past seasonal fluctuations.
Reminiscent of the Bill Clinton era.
Twice a day at any harbor, major river, bay or ocean near you (or far away, for that matter).
[Wish I knew what a PIA is.]
This could be the start of something big. :)
https://www.youtube.com/watch?v=Aa84ASPwHqA
Bookmark.
What a dickhead.
There us a preset policy: MAKE AMERICA GREAT AGAIN!
Powell is turns out to be a closet lefty. He should be replaced by a capitalist ASAP
The markets do not trust this leftist ba$tard, Powell bowed to leftist democrat pressure to slow down the economy to spitefully diminish the economic success of PDJT.
This is why President Trump had to get inside Powell's head and WELL DONE President Trump!
SEE THIS:
http://insider.foxnews.com/2018/11/28/trump-got-fed-chair-jerome-powells-head-about-interest-rates
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A stock market analyst said Wednesday on "Your World" that the Federal Reserve appeared to "do a 180" and stopped dramatically hiking federal interest rates because President Trump "got in" Fed Chairman Jerome Powell's head.
In October, Powell -- who was appointed by Trump for the 10-year-term to succeed Obama's Fed chair Janet Yellen -- said the Fed rate was "world's apart" from where it should be.
During the Obama administration, the federal interest rate was dropped to zero for a long period of time, but Powell began to hike the rate back toward where it was in the early 2000s.
Trump has repeatedly blasted Powell's decision to hike the rate so drastically at once, appearing to pin October's volatile stock market performance on that development.
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Donald J. Trump
✔
@realDonaldTrump
....The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are raising rates - Really?
84.6K
8:51 AM - Jul 20, 2018
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However, market analyst Daniel Geltrude said that Powell's statement Wednesday that interest rates are "just under" where they need to be for a "neutral" impact on the economy is a "180" that Trump may have caused. After Powell's Wednesday remarks, the market soared to a more-than 600 point gain on the day.
After 8 years of sluggish obummer "growth", why would he want that? What's in it for him, and his billionaire multinational corporation buddies?
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