Nothing exclusive simply tracking FY 2018 debt progress

The problem is that the comment "If you are going to spend more you should tax more" is unsupportable. You've got no where to go. You have my sympathy nonetheless!

 

Well perhaps you can explain how you are going to spend more without taxing more unless you are willing to increase the national debt. And as far as I remember I never said " if you are going to spend more you have to tax more" why would I say something that stupid when the history of our government proves the opposite.

 

You seem to think an increase in debt is necessarily a bad thing? A Keynesian use of investment expenditure achieves two things. First, it stops hysteresis in unemployment (where human capital is effectively destroyed through insufficient aggregate demand). Second, it generates economic activity and increases future revenues

"If you are going to spend more you should tax more"? You forget what you type so easily? Wowsers. Get yourself a note pad and doodle!

 

Where did I say an increase in debt is necessarily a bad thing.

And why do you think that increasing government spending is going to increase aggregate demand?

 

Why wouldn't it? Let's have some actual economics from you!

 

That's scary. Deficit spending of two thousand dollars per person per year.


Remember, a quarter of the country's population is under 20 years of age.
and 1 out of every 4 households earn less than $25,000 a year.

Who is going to pay that debt when it comes due?

Once that money gets sucked out of the economy (paying down the debt) it could cause a huge implosion.

 

So you actually have no evidence to support your position.

And you forgot to back up your claim that I said an increase in debt is necessarily a bad thing.

 

The intent was to just show the debt change each month of the fiscal year, not to get into lengthy discussions, debates, etc. Perhaps the data provided could result in spawning some new threads to discuss our debt, deficit spending, etc.

 

FY 2017 ended on 09/29/2017 with our government reporting a total debt of $20,244,900,016,053.51


FY 2018 Mo 01 debt now $20,442,473,549,889.39 a monthly increase of $197,573,533,835.88
FY 2018 Mo 02 debt now $20,590,391,942,312.26 a monthly increase of $147,918,392,422.87

 

Its basic macroeconomics. Didn't you know? You'll be denying the balanced budget multiplier next...

 

So you can't actually defend your statement.

 

FY 2017 ended on 09/29/2017 with our government reporting a total debt of $20,244,900,016,053.51


FY 2018 Mo 01 debt now $20,442,473,549,889.39 a monthly change of $197,573,533,835.88
FY 2018 Mo 02 debt now $20,590,391,942,312.26 a monthly change of $147,918,392,422.87
FY 2018 Mo 02 debt now $20,492,746,546,193.75 a monthly change of -$97,645,396,118.51

 

FY 2017 ended on 09/29/2017 with our government reporting a total debt of $20,244,900,016,053.51


FY 2018 Mo 01 debt now $20,442,473,549,889.39 a monthly change of $197,573,533,835.88
FY 2018 Mo 02 debt now $20,590,391,942,312.26 a monthly change of $147,918,392,422.87
FY 2018 Mo 02 debt now $20,492,746,546,193.75 a monthly change of. -$97,645,396,118.51
FY 2018 Mo 03 debt now $20,493,729,921,939.72 a monthly change of ...... $983,375,745.97

 

FY 2017 ended on 09/29/2017 with our government reporting a total debt of $20,244,900,016,053.51


FY 2018 Mo 01 debt now $20,442,473,549,889.39 a monthly change of $197,573,533,835.88
FY 2018 Mo 02 debt now $20,590,391,942,312.26 a monthly change of $147,918,392,422.87
FY 2018 Mo 03 debt now $20,492,746,546,193.75 a monthly change of. -$97,645,396,118.51
FY 2018 Mo 04 debt now $20,493,729,921,939.72 a monthly change of ...... $983,375,745.97

Note: Edited the month numbers.

 

No actually they were the ones who cared enough to balance the budget and produce surpluses to pay off the debt and then almost did it again getting the deficit down to a measly $161B before they had to turn budget control back over to the Democrats who proceeded to hit TRILLION dollar deficits and added over $10T to the debt. Democrats only care about increasing it.

 

Saying the same nonsense over and over again doesn't make it more true. If Bush hadn't done his tax cuts for the rich the defecit would be much smaller. And now Trump has made another gift to the wealthy at the price of once again raising the national debt.

 

Denying the truth over and over doesn't make it go away and your lack of rebuttal shows you are not dealing with the truth. Bush's tax rate cuts helped produce RECORD tax revenue growth hitting 15% in 2007 resulting in a paltry $161B deficit. Two years later the Democrats had it to $1,400B and kept it over $1,000B for the next three years.

Now just don't simply deny the truth prove I am wrong.

 

Technically Laffer Curve analysis suggests taxes can be increased, but perhaps you're wearing Keynesian clobber?

 

FY 2017 ended on 09/29/2017 with our government reporting a total debt of $20,244,900,016,053.51


FY 2018 Mo 01 debt now $20,442,473,549,889.39 a monthly change of $197,573,533,835.88
FY 2018 Mo 02 debt now $20,590,391,942,312.26 a monthly change of $147,918,392,422.87
FY 2018 Mo 03 debt now $20,492,746,546,193.75 a monthly change of. -$97,645,396,118.51
FY 2018 Mo 04 debt now $20,493,729,921,939.72 a monthly change of ...... $983,375,745.97
FY 2018 Mo 05 debt now $20,855,671,542,905.95 a monthly change of $361,941,620,966.23

 

FY 2017 ended on 09/29/2017 with our government reporting a total debt of $20,244,900,016,053.51


FY 2018 Mo 01 debt now $20,442,473,549,889.39 a monthly change of $197,573,533,835.88
FY 2018 Mo 02 debt now $20,590,391,942,312.26 a monthly change of $147,918,392,422.87
FY 2018 Mo 03 debt now $20,492,746,546,193.75 a monthly change of. -$97,645,396,118.51
FY 2018 Mo 04 debt now $20,493,729,921,939.72 a monthly change of ...... $983,375,745.97
FY 2018 Mo 05 debt now $20,855,671,542,905.95 a monthly change of $361,941,620,966.23
FY 2018 Mo 06 debt now $21,089,642,954,195.85 a monthly change of $233,971,411,289.90

 

FY 2017 ended on 09/29/2017 with our government reporting a total debt of $20,244,900,016,053.51


FY 2018 Mo 01 debt now $20,442,473,549,889.39 a monthly change of $197,573,533,835.88
FY 2018 Mo 02 debt now $20,590,391,942,312.26 a monthly change of $147,918,392,422.87
FY 2018 Mo 03 debt now $20,492,746,546,193.75 a monthly change of −$97,645,396,118.51
FY 2018 Mo 04 debt now $20,493,729,921,939.72 a monthly change of ...... $983,375,745.97
FY 2018 Mo 05 debt now $20,855,671,542,905.95 a monthly change of $361,941,620,966.23
FY 2018 Mo 06 debt now $21,089,642,954,195.85 a monthly change of $233,971,411,289.90
FY 2018 Mo 07 debt now $21,068,200,197,433.39 a monthly change of −$21,442,756,762.46

 

Its a bot!

 

Now the World is tiny. Thus few companies can move into United States more by tax cut program. Just now companies are looking to great market country with citizens who have enough amount of the wealth. Just for market, never to own the company themselves.

 

You need to rewrite that a tad. Is it a reference to globalisation's 'race to the bottom' over taxes and regulations?

 

FY 2017 ended on 09/29/2017 with our government reporting a total debt of $20,244,900,016,053.51


FY 2018 Mo 01 debt now $20,442,473,549,889.39 a monthly change of $197,573,533,835.88
FY 2018 Mo 02 debt now $20,590,391,942,312.26 a monthly change of $147,918,392,422.87
FY 2018 Mo 03 debt now $20,492,746,546,193.75 a monthly change of −$97,645,396,118.51
FY 2018 Mo 04 debt now $20,493,729,921,939.72 a monthly change of ...... $983,375,745.97
FY 2018 Mo 05 debt now $20,855,671,542,905.95 a monthly change of $361,941,620,966.23
FY 2018 Mo 06 debt now $21,089,642,954,195.85 a monthly change of $233,971,411,289.90
FY 2018 Mo 07 debt now $21,068,200,197,433.39 a monthly change of −$21,442,756,762.46
FY 2018 Mo 08 debt now $21,145,215,185,726.27 a monthly change of ..$77,014,988,292.88