Feb Budget Deficit Largest on Record

The Debt numbers are, I include a link to them in my post. Here they are again.

https://www.treasurydirect.gov/NP/d...tYear=2016&endMonth=04&endDay=02&endYear=2019

 

Rediculous. Says who? Why would a Free Market/Enterprise advocate want government to run "massive surpluses"? Do you get your economic "facts" from that Cortez chick with the Realtor eyes?

 

Yes, but this is a thread about the deficit. Although your claim that U.S. debt declined is wrong (or, at least, misleading).

Publicly held debt on March 1 was 16,221,749,401,198.23
On April 1 was 16,230,093,228,645.41
An increase.

The total debt came in "lower" because of intragovernmental holdings which A) fluctuate and B) is money the government owes itself.

Last year's debt numbers were bad and this year's will be even worse. Next year, we'll top a trillion.

 

Which is an indirect measurement of debt.

Is a partial measure of total debt. Enough with the subsets.

On Feb 28 Total Public Debt Outstanding was $22,115,526,445,599.07
On April 1 Total Public Debt Outstanding was $22,027,704,987,724.49
The debt declined by $87,821,457,874.58

But heh, maybe this is normal for March so let's look at Obama's final year for the same dates:

On Feb 29 Total Public Debt Outstanding was $19,125,455,057,425.80
On April 1 Total Public Debt Outstanding was $19,218,516,838,306.52
The debt increased by $93,061,780,880.72

Trump's numbers are a $180,883,238,755.3 swing to the good! Not bad! Trump's proving to be DAMN good at this!

No they didn't. Total Public Debt Outstanding includes intergovernmental holdings.

Debt Held by the Public + Intragovernmental Holdings = Total Public Debt Outstanding

 

Yes, it did. Debt help by the public INCREASED in March. IOU's you write to yourself (intragovernmental holdings) are meaningless. IOU's you write to other people (debt held by public) are not.

You're looking for any tiny little crumb of data you can to defend Trump. You know Trump has increased debt and deficits and will continue to do so.

 

I’m not surprised you’re not surprised. It seems a little too much for you to handle. Anyone who thinks Trump and the Gop know what they’re doing, doesn’t have a firm grasp on reality.

 

Have someone explain to you when each fiscal federal year begins and ends. Ask them to talk slowly.

https://www.nationalreview.com/corner/trump-proposes-medicare-cuts/

 

Get serious.

 

You can tell them to blow it quickly out of their asses. Our presidential terms cycle on January 19.

 

His whipping your asses!

 

Repeating the wrong thing does not make it right.

Total Public Debt Outstanding INCLUDES Intragovernmental Holdings.

The Total Public Debt Outstanding DID decline in March, Silly!

Trump's doing one hell of a job!

Steady as she goes!

I like the trend!

 

That's what I figured. We've got your number.

 

No it didn't.

Debt HELD by the Public:

2/28/19 - $16,250,898,044,728.34
3/29/19 - $16,204,392,002,372.97

The debt held by the public went DOWN in March by $46,506,042,355.37 in March.

But heh, maybe that's normal for March, let's see how Obama did in his final March.

Debt Held By The Public

2/29/16 - 13,785,189,234,310.03
3/29/16 - 13,900,261,820,356.47

That's UP $115,072,586,046.44 in Obama's final March.

Trump Wins Again!

Well, America Wins Again! The Electorate sure knew what they were doing when they selected Trump!

His first two years he hasn't increased the debt any more than Obama did in his last two years, in real terms, and he did a much better job growing GDP. So over Trump's first two years, debt as a percentage of GDP is flat, whereas over Obama's last two years, the debt grew by three points as a percentage of GDP.

Trump's off to one hell of a start, just give him room and let him work!

 

Like I said, you don’t have a firm grasp on reality.

 

Bold talk by supporter of a huckster whose biggest motivation for winning is to stay out of jail.

 

Wake up Alice, there is no such thing.

 

I can’t. All the current government’s actions are overshadowed by its utter buffoonery.

 

PUBLIC DEBT STILL GROWING DESPITE "REDEMPTIONS"......THE MONEY TREASURY IS BORROWING FROM THE CIVIL EMPLOYEE RETIREMENT FUND, WILL BE ADDED TO THE DEBT WHEN CONGRESS RAISES THE LIMIT. IN OTHER WORDS, THE DEBT KEEPS GROWING ON A DIFFERENT LEDGER SO TO SPEAK.

TREASURY DEPARTMENT CAN NO LONGER ISSUE TREASURY BILLS, BONDS OR NOTES, HOWEVER, REDEMPTIONS CONTINUE

TREASURY DIRECT WILL ONLY SHOW REDEMPTIONS AND INTEREST PAYMENT ACTIVITIES IF TOTAL DEBT DOES NOT SURPASS LIMIT.

THE DEBT KEEPS GROWING, SEE U.S. DEBT CLOCK

CASE CLOSED!

 

ZORRO believes Trump is reducing the debt when actually the amount of money Mnuchin is temporarily borrowing from the Civil Employee's Retirement Fund WILL BE ADDED TO THE DEBT when Congress raises the limit.




March 4th, 2019

WASHINGTON (Reuters) - The U.S. Treasury is taking extraordinary measures to avoid violating the government debt limit, Treasury Secretary Steven Mnuchin said in a letter to House of Representatives Speaker Nancy Pelosi on Monday.

He said he was SUSPENDING INVESTMENT in the Civil Service Retirement and Disability Fund and a “debt issuance suspension period” would begin on Monday and last until June 5.

“I respectfully urge Congress to protect the full faith and credit of the United States by acting to increase the statutory debt limit as soon as possible,” Mnuchin said.

https://www.reuters.com/article/us-usa-debt-limit-idUSKCN1QL29Y

 

You really like cherry picking, don't you. Here's some:

03/27/2019 16,208,783,119,587.78
03/28/2019 16,241,176,637,435.61
03/29/2019 16,204,392,002,372.97
04/01/2019 16,230,093,228,645.41

Publicly held doubt went up from 3/27 to 4/01! But it went down from 3/28 to 3/29! That's why you look at monthly/yearly totals to see what the trend is. This reminds me of the tiresome job liberals have of pointing out over and over again that weather isn't climate.

Trump ran on balanced budgets and eliminating the debt. Of course he hasn't done either. The Tea Party protested high deficits. Now we're back to high deficits and piling on debt. Where is the Tea Party? Crickets. Because it was never about deficits. It was about hating on the black guy. You think we don't see the double standard?

 

Larry Kudlow wants Fed to cut rates 'immediately'

In an interview with Axios, Kudlow says the Fed should cut rates "immediately" by 50 basis points.

https://www.foxbusiness.com/markets/larry-kudlow-wants-fed-to-cut-rates-immediately

--------------------------------

Why?

Main reason;

The Conference Board Economic Forecast for the U.S. Economy
Updated: March 13, 2019

Real GDP
2018 2.9%
2019 2.6%
2020 2.2%

Analyst predicts U.S. economic growth, but at a slower pace in 2019 and ’20

2018 3.0%
2019 2.0% - 2.4%
2020 1.8% - 2.3%

https://www.denverpost.com/2019/02/02/analyst-predicts-economic-growth-slower-pace/

Federal Reserve forecast, March 20, 2019

2019 2.1%
2020 1.9%

https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20190320.pd


Hey Larry, are you worried about your steady 3%?

 

You are on a topic about a monthly total, commenting on monthly total, and you pull out a 6 day subset and then lecture me on the importance of looking at month long and annual data for trends?

Off topic.

Trump's added no more debt in real terms during his 802 days as President than Obama did during his last 802 days as President, and you raised no debt alarms during Obama's last two years. Although to be fair, Trump has grown more GDP. That is why the Debt to GDP is flat under Trump whereas during Obama's last two years it rose 3 points.

Destroyed by Obama's IRS while you cheered.

Take your incoherent racism and shove it where the sun doesn't shine.

 

IMO, 2.5% is a good growth rate, however, for political reasons, Kudlow wants the Fed to give him his 3%.

Unbelievable!

 

Donnie won't be happy.