Posted on 02/26/2017 2:39:01 PM PST by blam
Wasn’t there a crazy reporter named stockman on The Simpsons?
Sad how these pathetic little “used-to-bes” continue to stick around when excellent actors like Bill Paxon die off at a relatively young age.
Smart guy fallen on hard times, using disaster predictions to gin up revenue.
[a fiscal policy that’s been really reckless in the extreme]
Well that part is certainly true. Obama -—> 9.355 Trillion as I recall.
Et tu, Stockman?
That's what I'm afraid will happen because no-one will take the medicine. Even I'm beginning to think the end won't come until after I'm gone....so.
I long ago stopped paying much attention to stock market or economics prognosticators
but DJT really has inherited an economic MESS (deliberately created by his predecessor)
DJT’s ideas generally are very favorable for recovery and growth ..... BUT whether they can take hold in time before the Obama mess ‘finally craps out’.......(another plunge)....
this remains to be seen..... its a big IF (as I see things)
we will see.,,,
i disagree
/s
Well reasoned, Boss. Interesting to read.
Stockman, like Zero Hedge, has accurately predicted 12 of the last 2 financial crises.
There are a lot of positive factors:
*yawn*
Not this $h!t again
Just raise the debt ceiling and problem solved. /S
(Ahem) So, you just clicked on here to whine?
Equivocator...
There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”>>> doom an gloom and then this: there is really no way to enforce any debt ceiling. it’s fake news. but Trump has begun to slow the spigot by i think by 26B. so by hiring freeze and requiring agencies to actually cut spending. there is no reason to increase the debt ceiling.
Economists are frequently wrong with their predictions because they invariably use something close to straight line projection.
“In just four years, the Nazis conquered most of Europe. By 1950 they should be ruling the world.”
See the problem?
Stockman’s dilemma is the assumption that only he can see the problem and the deadline. Or at least he is the only one that cares about it. Yet he can also not imagine some way around the problem.
“The United States debt ceiling or debt limit is a legislative limit on the amount of national debt that can be issued by the US Treasury, thus limiting how much money the federal government may borrow. The debt ceiling is an aggregate figure which applies to the gross debt, which includes debt in the hands of the public and in *intra-government accounts*.”
This last bit, intra-government accounts, is key to the solution.
Almost one-third of the US national debt is money the government owes *itself*. When every agency in the US government gets its appropriation from congress, they do not get physical money. Instead they get “credit” from the US Treasury. Credit that counts as budget debt.
So a way around this problem is for the appropriations committees of congress to start slashing agency budgets. No appropriations means no credits or budget debt, which delays approach to the debt ceiling.
Total outlays by agency:
https://en.wikipedia.org/wiki/2013_United_States_federal_budget#Total_outlays_by_agency
By Summer 2017, everything is going to settle down, the libs are going to be proved to be insane by ALL ACCOUNTS; the media will be long gone; the 6 corporations that own the medias in the world will have nothing to do with America as their lies, support will be gone...
God doesn't make mistakes, He has His Hands on President Trump and America, He isn't going to let any thing happen but good...
Yeah, Stockman is a pill.
Reagan had other tough circumstances to conquer—namely ‘stagflation’, which was supposed to be incurable and permanent—more or less the way slow job growth is supposed to be inevitable now due to the robot revolution.
Pure bunk. Trump has a tall challenge, but I’m still betting on him.
So what’s he going to do when March 15th comes and nothing happens? Go away? Please.
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