One Political Plaza - Home of politics
Home Active Topics Newest Pictures Search Login Register
Main
As economy spikes, Republicans are still waiting for the ‘Biden depression’ that Trump predicted
Page <<first <prev 3 of 3
Apr 30, 2021 08:36:09   #
Cuda2020
 
America 1 wrote:
US debt surged by $7 trillion under Trump. It will go much higher under Biden
This week in Bidenomics: The new king of debt
Former President Donald Trump once declared himself “the king of debt.” President Joe Biden will resoundingly dethrone him.

The Congressional Budget Office published its semiannual economic forecast on Feb. 11, and the numbers are astonishing. CBO estimates the federal budget deficit this year will hit $2.3 trillion, which believe it or not wouldn’t be the biggest ever. The deficit last year was $3.1 trillion, the largest in U.S. history.
But the 2021 estimate doesn’t include the $1.9 trillion “American Rescue Plan” Biden and his fellow Democrats in Congress are drafting, add in that measure, and the 2021 deficit could hit $3.7 trillion, according to the Committee for a Responsible Federal Budget.
Deficits will stay near or above $1 trillion for the foreseeable future, with the national debt likely to rise by at least $7 trillion through the end of Biden’s term. The debt rose by about $5.6 trillion during Trump’s four years, with more than half of that coming in 2020.
https://www.yahoo.com/now/this-week-in-bidenomics-the-new-king-of-debt-185700550.html
US debt surged by $7 trillion under Trump. It will... (show quote)


They're projecting an 8% growth increase.

Reply
Apr 30, 2021 08:45:22   #
Cuda2020
 
America 1 wrote:
US debt surged by $7 trillion under Trump. It will go much higher under Biden
This week in Bidenomics: The new king of debt
Former President Donald Trump once declared himself “the king of debt.” President Joe Biden will resoundingly dethrone him.

The Congressional Budget Office published its semiannual economic forecast on Feb. 11, and the numbers are astonishing. CBO estimates the federal budget deficit this year will hit $2.3 trillion, which believe it or not wouldn’t be the biggest ever. The deficit last year was $3.1 trillion, the largest in U.S. history.
But the 2021 estimate doesn’t include the $1.9 trillion “American Rescue Plan” Biden and his fellow Democrats in Congress are drafting, add in that measure, and the 2021 deficit could hit $3.7 trillion, according to the Committee for a Responsible Federal Budget.
Deficits will stay near or above $1 trillion for the foreseeable future, with the national debt likely to rise by at least $7 trillion through the end of Biden’s term. The debt rose by about $5.6 trillion during Trump’s four years, with more than half of that coming in 2020.
https://www.yahoo.com/now/this-week-in-bidenomics-the-new-king-of-debt-185700550.html
US debt surged by $7 trillion under Trump. It will... (show quote)


Of the S&P 500 companies that have reported quarterly results so far, most are beating expectations
We get more on this from Susan Schmidt, head of U.S. equities with Aviva Investors. "On average, over 80% of the companies that have reported have surprised to the upside with earnings estimates, and over 70% of them have surprised to the upside on their sales figures," Schmidt said. "That's very positive and positive bolster for the sentiment in the market." Meanwhile, central bankers are meeting today, and Schmidt says it's highly unlikely they're going to change policy and raise interest rates. She says they've been adamant they'll keep rates low, "and if inflation comes up, they're going to see it as t***sitory."

Reply
Apr 30, 2021 16:05:12   #
Navigator
 
Cuda2020 wrote:
No, I didn't say that at all, Dem's don't want one party, the right does. The right refuses to work together. Whereis 100% taxation? Where are they for a borderless country? Wanting decent healthcare for all citizens does not equate to a welfare state, all your points are extreme and far fetched, nowhere near reality. Ground yourself man, you're way way up there.


And you, my friend, are no where.

Reply
 
 
May 1, 2021 14:25:37   #
PeterS
 
Gatsby wrote:
When the current moratorium on evictions and foreclosures ends, the housing market bubble is going to burst.

china joe hasn't reached the 100 day mark yet, he has a very long way to go! Don't be so impatient.

Do you ever test anything you say for logic before you say it and commit it to print? The moratorium on evictions applies to rentals--not to housing sales. Whether or not it is in effect has little influence on the housing market. The rise in the housing market is being driven by higher demand (millennials moving into the market for one) than there is supply. So long as that's the case prices will continue to rise and much to Republicans chagrin China Joe is going to preside over one of the hottest economies we've seen in decades!

Reply
May 1, 2021 14:33:39   #
America 1 Loc: South Miami
 
PeterS wrote:
Do you ever test anything you say for logic before you say it and commit it to print? The moratorium on evictions applies to rentals--not to housing sales. Whether or not it is in effect has little influence on the housing market. The rise in the housing market is being driven by higher demand (millennials moving into the market for one) than there is supply. So long as that's the case prices will continue to rise and much to Republicans chagrin China Joe is going to preside over one of the hottest economies we've seen in decades!
Do you ever test anything you say for logic before... (show quote)


FEDERAL MORATORIUM ON EVICTIONS FOR ...https://nlihc.org › sites › default › files › National-...PDF
The CDC's guidance on the order states that landlords may initiate eviction proceedings at any time, but covered tenants cannot be evicted until the moratorium expires on June 30, 2021.

The new stimulus includes mortgage, rent help but no eviction moratorium extension
https://www.tampabay.com/news/business/2021/03/12/new-stimulus-includes-mortgage-rent-help-but-no-eviction-moratorium-extension/

Reply
May 1, 2021 14:44:16   #
PeterS
 
America 1 wrote:
US debt surged by $7 trillion under Trump. It will go much higher under Biden
This week in Bidenomics: The new king of debt
Former President Donald Trump once declared himself “the king of debt.” President Joe Biden will resoundingly dethrone him.

The Congressional Budget Office published its semiannual economic forecast on Feb. 11, and the numbers are astonishing. CBO estimates the federal budget deficit this year will hit $2.3 trillion, which believe it or not wouldn’t be the biggest ever. The deficit last year was $3.1 trillion, the largest in U.S. history.
But the 2021 estimate doesn’t include the $1.9 trillion “American Rescue Plan” Biden and his fellow Democrats in Congress are drafting, add in that measure, and the 2021 deficit could hit $3.7 trillion, according to the Committee for a Responsible Federal Budget.
Deficits will stay near or above $1 trillion for the foreseeable future, with the national debt likely to rise by at least $7 trillion through the end of Biden’s term. The debt rose by about $5.6 trillion during Trump’s four years, with more than half of that coming in 2020.
https://www.yahoo.com/now/this-week-in-bidenomics-the-new-king-of-debt-185700550.html
US debt surged by $7 trillion under Trump. It will... (show quote)

Your point? Conservatives didn't care about debt when it rose under Trump (even though it was supposed to be the GREATEST ECONOMY IN THE HISTORY OF THE WORLD!!!) and we all know that if it rose by one penny under Biden Conservatives would scream bloody murder. I no longer care about the hypocrisy. Under Biden debt will benefit the majority of the citizens instead of under Trump where it only benefited the wealthy elite and was supposed to trickle down from there.

Reply
May 1, 2021 15:10:14   #
PeterS
 
America 1 wrote:
FEDERAL MORATORIUM ON EVICTIONS FOR ...https://nlihc.org › sites › default › files › National-...PDF
The CDC's guidance on the order states that landlords may initiate eviction proceedings at any time, but covered tenants cannot be evicted until the moratorium expires on June 30, 2021.

The new stimulus includes mortgage, rent help but no eviction moratorium extension
https://www.tampabay.com/news/business/2021/03/12/new-stimulus-includes-mortgage-rent-help-but-no-eviction-moratorium-extension/
FEDERAL MORATORIUM ON EVICTIONS FOR ...https://nli... (show quote)

And again, what is your point? Current housing sales are being driven by demand outstripping supply. Rentals, whether they are apartments or housing, have almost zero impact on that. As the impact from c***d subsides and housing construction picks up, supply will catch up to demand and prices will settle out. But it's going to take some time and isn't going to happen overnight...

Reply
 
 
May 1, 2021 15:17:43   #
Cuda2020
 
Navigator wrote:
And you, my friend, are no where.


And a good thought out rebuttal from you.

Reply
May 1, 2021 15:58:33   #
America 1 Loc: South Miami
 
PeterS wrote:
Your point? Conservatives didn't care about debt when it rose under Trump (even though it was supposed to be the GREATEST ECONOMY IN THE HISTORY OF THE WORLD!!!) and we all know that if it rose by one penny under Biden Conservatives would scream bloody murder. I no longer care about the hypocrisy. Under Biden debt will benefit the majority of the citizens instead of under Trump where it only benefited the wealthy elite and was supposed to trickle down from there.


Your post: The moratorium on evictions applies to rentals--not to housing sales.
The moratorium is almost over, and when it is over you are responsible for past rent plus penalties.

Reply
Page <<first <prev 3 of 3
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.
Main
OnePoliticalPlaza.com - Forum
Copyright 2012-2024 IDF International Technologies, Inc.