Posted on 05/30/2023 7:07:41 PM PDT by ChicagoConservative27
In related news, I’m selling a sea bridge in Phoenix.
“I want the money back from Ukraine too...”
.........
You already got it back, with a LOT of bonus !
Economically speaking, helping Ukraine has become one of the greatest American lucrative moves since WWII. Those who don’t see this yet needs a pair of prescription glasses and start reading :
U.S. companies provided 50 percent of Europe’s liquefied natural gas supplies in 2022, along with 12 percent of its oil. Russian oil and gas shipments to the continent have shriveled by half, beset by boycotts, sanctions and an EU price cap. Global oil and gas trade routes have been redrawn and renewable energy development has received a massive financial and political shot in the arm.
https://www.politico.com/news/2023/02/23/american-energy-europe-putin-00083750
Lucrative for the politicians, maybe. The rest of us, not so much.
Um...I’m guessing that what they really mean is that the deal will reduce the growth of debt by $1.5 trillion, not that the debt will actually go down.
When America is selling oil en mass and to a high price, it’s excellent for americas economy. Its good foe everyone, and you know it. Trump wanted that and he got what he dreamed of! Americas allies now buying American goods and energy why leaving the Soviets and commies in the dust!
Trump won.
Oh yeah, the economy is really cooking now, isn’t it?
A mere pittance.
Easy money. Project your lunch bill tomorrow to be $500. Cut it to $300. Congratulations! You just saved $200 by spending $300 on lunch!
$150B a year?? Pfffftt...
That’s a rounding error in Washington.
The CBO is nothing but a bunch of rats and GOP Dem collaborators
“Oh yeah, the economy is really cooking now, isn’t it?”
>>>>>>>>>>>
Yes Indeed !
Russian invasion of Ukraine will net the US oil and gas industry a windfall of $37 to $126 billion in 2022
NO, it will increase the debt massively.
They mean reduce the rate of *increase* in debt, right? Not actual reduction in debt?
It’s all bullshit. Biden is now just a blithering idiot and a criminal. This country has gone to hell. The media in this country is worse than Baghdad Bob. At least with him everybody knew it was all lies. Here they pretend to tell the truth.
I felt so bad over the weekend when I saw all those soldiers that fought for this country only to have people in power such as Bill and Hillary Clinton, Obama, Biden and Fauci. All criminals undermining this country.
Republicans were looking to cut integrity by 10%, but it was nowhere to be found on Capitol Hill.
The CBO is a Democrat agency.
.
There came a time where everyone reasonable knew that Sessions was part of the apparatus, and he wasn’t ever going to step up, nor change his mind.
I say that’s where we are with McCarthy, except for 45 days before an Election, he’s working for Biden and he views Biden as something very different than I.
Anyone who abuses the English language like this is lying.
31 trillion to 60+trillion is by no means a reduction....
But perhaps they are correct ...
when/if this deal passes a wave of new bond issues will flood the market as the Treasury seeks to fill it's coffers.
Interest rates will have to be attractive to buyers to unload all that debt .... pulling liquidity from the real economy.
Why risk capitol if I can get a safe 5% or more. Markets will fall.(after the sugar high)
Inflation will stay strong as the fed pumps interest rates just fast enough to keep up....
..... (we are here).......
.... at some point the negative real returns on those bonds will become obvious ... then rates will gain a momentum of their own. Investors ultimately decide rates. AS fewer buyers bid for more bonds Rates rise ... off to the races.
Inflation vs rates.... consumers are crushed ... corporate profits are cut .... markets crash.
Tax base falls, gov spending is increased, money is printed, more bonds sold into glutted market.
Hyper inflation ...60+trillion inflated away ... bread 50$ a loaf, inflation yoy 100% or more ... interest rates 80%
..... so they may be right ... 10 years from now our debt could be reduced 1.5 trillion...
Change my mind ...
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