$20 trillion man
- Thread starter townpete
- Start date
- Banned
- #49
If O leaves the world on the very brink of financial collapse, in the worst recession in 70 years, the US embroiled in two land wars with a worn out military, and whole segments of the populace disenfranchised, then, yes, Carson can claim that he needs some time to get things straightened out.
If...
So far, whoever is next is going to inherit a pretty sweet deal
If...
So far, whoever is next is going to inherit a pretty sweet deal
- Banned
- #51
Whoever it is will definitely inherit the debt accumulated over 70+ years
My prediction is that No One will have the will to actually deal with it
No One
As for the rest, Every chart you post has a counterpart, and a counter.
Labor Force Participation, for example, could be a result of more of the baby-boomers retiri g and more women (and men..) electing to stay home with the kids - something conservatives are supposed to like, and I know of several young couples that are for the first time now able to do just that.
We are, ntl, and however many charts you post, not any longer on the brink of a world-wide financial,p meltdown, and no longer mired in two major occupations.
So far
My prediction is that No One will have the will to actually deal with it
No One
As for the rest, Every chart you post has a counterpart, and a counter.
Labor Force Participation, for example, could be a result of more of the baby-boomers retiri g and more women (and men..) electing to stay home with the kids - something conservatives are supposed to like, and I know of several young couples that are for the first time now able to do just that.
We are, ntl, and however many charts you post, not any longer on the brink of a world-wide financial,p meltdown, and no longer mired in two major occupations.
So far
According to CainTV,
The federal government would have run a $270 billion surplus in fiscal 2015 had federal spending merely returned to the level it was in fiscal 2008—the last fiscal year before President Barack Obama took office.
That is according to the official spending and revenue numbers published by the Treasury.
In fiscal 2008, according to the Treasury, the federal government brought in $2,523,642,000,000 in revenue and spent $2,978,440,000,000. It thus ran a deficit of $454,798,000,000.
In fiscal 2015, the government brought in a record $3,248,723,000,000 in revenue. That is $270,283,000,000 more than the $2,978,440,000,000 that the government spent in fiscal 2008.
This U.S. earnings season is on track to be the worst since 2009 as profits from oil & gas and commodity-related companies plummet.
So far, about three-quarters of the S&P 500 have reported results, with profits down 3.1 percent on a share-weighted basis, data compiled by Bloomberg shows. This would be the biggest quarterly drop in earnings since the third quarter 2009, and the second straight quarter of profit declines. Earnings growth turned negative for the first time in six years in the second quarter this year.
The damage is the biggest in commodity-related industries, with the energy sector showing a 54 percent drop in quarterly earnings per share so far in the quarter, with profits in the materials sector falling 15 percent.
The picture is brighter for the telecom services and consumer discretionary sectors, with EPS growth of 23 percent and 19 percent respectively so far this quarter.
The U.S. national debt jumped $339 billion on Monday, the same day President Obama signed into law legislation suspending the debt ceiling.
That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place.
The website that reports the exact tally of the debt said the U.S. government owed $18.153 trillion last Friday, and said that number surged to $18.492 on Monday
The federal government would have run a $270 billion surplus in fiscal 2015 had federal spending merely returned to the level it was in fiscal 2008—the last fiscal year before President Barack Obama took office.
That is according to the official spending and revenue numbers published by the Treasury.
In fiscal 2008, according to the Treasury, the federal government brought in $2,523,642,000,000 in revenue and spent $2,978,440,000,000. It thus ran a deficit of $454,798,000,000.
In fiscal 2015, the government brought in a record $3,248,723,000,000 in revenue. That is $270,283,000,000 more than the $2,978,440,000,000 that the government spent in fiscal 2008.
This U.S. earnings season is on track to be the worst since 2009 as profits from oil & gas and commodity-related companies plummet.
So far, about three-quarters of the S&P 500 have reported results, with profits down 3.1 percent on a share-weighted basis, data compiled by Bloomberg shows. This would be the biggest quarterly drop in earnings since the third quarter 2009, and the second straight quarter of profit declines. Earnings growth turned negative for the first time in six years in the second quarter this year.
The damage is the biggest in commodity-related industries, with the energy sector showing a 54 percent drop in quarterly earnings per share so far in the quarter, with profits in the materials sector falling 15 percent.
The picture is brighter for the telecom services and consumer discretionary sectors, with EPS growth of 23 percent and 19 percent respectively so far this quarter.
The U.S. national debt jumped $339 billion on Monday, the same day President Obama signed into law legislation suspending the debt ceiling.
That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place.
The website that reports the exact tally of the debt said the U.S. government owed $18.153 trillion last Friday, and said that number surged to $18.492 on Monday
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