DescentBB

....or used to?
http://www.msn.com/en-us/news/politics/ ... li=BBnb7Kz


"I don't like my grandkids having a 30 Trillion Dollar debt, but we have to do something about Obamacare?" Seriously, wtf?

Can we deport these assholes instead of random immigrants?

The debt and deficits are only important when a Democrat is president.

moreover, and the article doesn't address this part, a debt of 18-20 Trillion is manageable, as I've been pointing out for years, if you have a strong enough economy to yield a very low interest rate on your Treasury bonds. We have, for a decade or so. Now, that rate has gone up 3/4 of 1% since Trump got elected,due to uncertainty generated by his words. If that were to creep up another 1-2%, it would basically be all we could do with our federal budget to SERVICE a 30 trillion dollar debt(or even a 20 Trillion dollar one) and pay for little else. I think that is the real game plan here, and it's been suggested more than once. These clowns want to completely blow up the Federal debt, and then claim essentially bankruptcy as a justification to do away with Social Security, Medicare, Food Stamps etc.

callmeslick wrote: Now, that rate has gone up 3/4 of 1% since Trump got elected,due to uncertainty generated by his words.

Why do you persist in playing the village idiot? Seriously, I suggest you stay away from the MSN portal and find legitimate news sources:

U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week.
Monday's bullish report from the Institute for Supply Management (ISM) followed data last week showing strong job gains in November which helped drive the unemployment rate to a nine-year low of 4.6%.

http://fortune.com/2016/12/05/federal-r ... t-rates-6/

you read anything in my link that refers to Trump as being the cause?

callmeslick wrote: I think that is the real game plan here, and it's been suggested more than once. These clowns want to completely blow up the Federal debt, and then claim essentially bankruptcy as a justification to do away with Social Security, Medicare, Food Stamps etc.

Once again your inability to think is the real problem.

woodchip wrote:I suggest you stay away from the MSN portal and find legitimate news sources

Linked article is Washington Post.

The Post has a liberal leaning, the Times a conservative

woody persists in trying to shoot the messenger. My sources for blaming Trump for bond price drops(interest rise) is my investment counselor, as much as anything. It is confirmed by my daughter, in process of buying her own home(no more grandkiddoes underfoot 24/7!, but I digress), and the mortgage rate jumped IMMEDIATELY upon the day after the election. It had already ticked up 1/4 % after the Orange Buffoon suggested negotiation of bond payback.

Top Gun wrote:Can we deport these assholes instead of random immigrants?

Yeah. At least most immigrants in this country actually perform hard work for a living.

callmeslick wrote:woody persists in trying to shoot the messenger. My sources for blaming Trump for bond price drops(interest rise) is my investment counselor, as much as anything. It is confirmed by my daughter, in process of buying her own home(no more grandkiddoes underfoot 24/7!, but I digress), and the mortgage rate jumped IMMEDIATELY upon the day after the election. It had already ticked up 1/4 % after the Orange Buffoon suggested negotiation of bond payback.

What about the downsides to persistent low interest rates?

http://www.thefiscaltimes.com/Columns/2 ... rest-Rates

oh, there are some,but if the discussion is around the Feds carrying debt, there is no downside to low bond returns.

callmeslick wrote:woody persists in trying to shoot the messenger. My sources for blaming Trump for bond price drops(interest rise) is my investment counselor, as much as anything. It is confirmed by my daughter, in process of buying her own home(no more grandkiddoes underfoot 24/7!, but I digress), and the mortgage rate jumped IMMEDIATELY upon the day after the election. It had already ticked up 1/4 % after the Orange Buffoon suggested negotiation of bond payback.

I would lay this all on the banks looking for a excuse to raise interest rates far more than the Fed did solely for their bottom line.

then, Woody, you have no idea how any of this works. It all ties into the demand for our bonds on the open market and flows backward. Fed sets the baseline exchange rate between banks, but the interest on debt and thus the payment of interest is tied to the Bond Market.

And do you understand how base line budgeting works, how dems screamed when Bush suggested cutting it back a couple of points? Do you even understand the waste involved with such a system?

you don't grasp the issue, quit trying to sound like you have a clue. This is costing me real money cleaning my screen from laughing.

And you are obviously deflecting from a automatic 7% budget increase every year to every govt agency that has a budget. You got something knowledgeable to add or are you just being clueless but trying to sound useful?