Shh. You're not supposed to mention the real inflation rate. You're only supposed to mention the heavily-manipulated core inflation rate.
Meanwhile, the price of a box of cereal increases as the net weight gets smaller.
Posted on 04/29/2019 10:51:27 AM PDT by deplorableindc
White House chief economic adviser Larry Kudlow told reporters Monday that President Trump is unlikely to pay off any of the national debt, currently at $22 trillion.
"Whoa, whoa, it doubled under the prior eight years," Kudlow said on the White House driveway, downplaying Trump's responsibility for the current level of debt.
"Yes, it's gone up a bit," Kudlow conceded, but he argued that "growth is the solution to any debt issues that might be on the table — and so far, so good. Let's just keep the policies in place."
(Excerpt) Read more at washingtonexaminer.com ...
I also blame Paul Ryan and Mitch McConnell.
The debt is important but don't lose your mind over it. When push comes to shove, we will declare that, "We ain't payen" and China can send over the missiles.
Isn’t that Congress’s job?
JoMa
Shh. You're not supposed to mention the real inflation rate. You're only supposed to mention the heavily-manipulated core inflation rate.
Meanwhile, the price of a box of cereal increases as the net weight gets smaller.
Federal Reserve’s interest rates are already much lower than real inflation rate.
...
Source?
Why don’t the market rates paid on government debt reflect your real inflation rate?
in other breaking news.....the sun will rise tomorrow morning
Growing the economy is certainly important. But I say that if you need to borrow a trillion dollars a year in order to grow the economy,
...
The debt is to feed government spending.
Of course it’s no happening. Nobody expected the increase from the tax cuts to happen over night.
Two or three years from now, we hope to see much more IRS receipts. As those receipts go up, if spending levels out, we should see a narrowing of the deficits each year.
We don’t control the House right now. Sadly.
If Ryan and McConnell had gotten off their asses and passed the tax cuts a year earlier, we could be seen better returns sooner.
Hey, they were too busy to be bothered with faster better legislation.
The spending train left the terminal years ago. The state bird in Washington, DC is the crane. They are reproducing at a rapid pace with no end in sight. Hold for terminal impact.
You are wrong they use that word whenever they lower the rate of growth in any pet spending.
Strange, I thought that job would be the legislatures ...
I suppose as executive Trump could just ELIMINATE whole agencies/departments - order them shut down and dismantled.
That’s a fine idea.
If President Trump hadn't been talked back on NK, that new economy would be a great partner for our economy.
Many are established by legislation. Legislation is what it would take to disestablish them.
I am actually surprised OPM doesn’t fall into that category!
Ya think? When you're running up the debt to the tune of a trillion dollars a year it's hard to pay it down.
When it collapses, we’ll hear more of Modern Monetary Theory. Just put more of spending credits in people’s accounts, and not worry about debt. It’ll only be a problem for us little folk who will lose all freedom to get ahead in life.
Everybody has their own market basket and hence their own inflation.
Like trying to get rid of Trump.
I would suggest that you have a better chance of hitting the Powerball than that happening.
Oh they all had time for that...
Hopefully we’ll get the House back in 2020.
If not, I can assure you you’re right.
Look, Newt and company gave us one or two years of level budgets in the late 90s.
It’s not impossible. It’s just nearly impossible to get them to do it.
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